A lot of promotional videos for timeshares proliferating in the internet contain allegedly unscripted favorable remarks of timeshare owners over their vacation packages. However, a casual search on luxury vacation forums and discussion boards will turn up hundreds of owners who are getting rid of their timeshares. A growing number of timeshare owners today can no longer continue to financially support their timeshares with its costly maintenance fees and other special assessment charges. Hence, there is a veritable movement among timeshare owners who want to be free from their periodic timeshare woes.
Most timeshare promotional videos include interviews with timeshare owners giving approving comments on their timeshare vacation packages. However, most of these owners, if not all, are just recent timeshare patrons who have not yet the experienced the tedium of the same old vacation spot each year not to mention the financial distresses of periodic timeshare bills. Hence, timeshare promotional videos are partly biased over that fact. Furthermore, timeshare promotional videos never mention the interest on any outstanding loan acquired for the purchase of the timeshare.
The majority of the funds involved in most timeshare purchases today are financed by loans from a credit institution or from the timeshare developer himself. Full upfront cash payments for timeshares are unheard of these days; hence, most timeshare bills also include loan interests. It is worthy of note that credit institutions charge higher interest rates for timeshare loans compared to more traditional housing loans. Thus, the presence of these bills has caused a lot of timeshare owners today to seek timeshare relief for their financial woes which is never mentioned in timeshare promotional videos.
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