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| Fri, Apr 19 2024, 21:42:46 | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, [8], 9, 10 ] |
| Subject: The definition of timeshare | |
Author: ccn666 | [ Next Thread |
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] Date Posted: Fri, Nov 21 2003, 17:59:56 The definition of timeshare ----------------------------- timeshare,time-share, n. a fraud; a cheat; a scam; a method of extracting money under false pretences: timeshare'-r person who has been defrauded. [Eng.;to trick, to betray confidence] Courtesy of CRIMESHARE, Timeshare Frauds and Scams (http://www.crimeshare.net/) [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| [> Subject: Re: The definition of timeshare | |
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Author: Gandalf [ Edit | View ] |
Date Posted: Tue, Sep 13 2005, 13:57:40 This is the definition of timeshare from Merriam-Webster Online Dictionary : time-share /-"sher, -"shar/ : joint ownership or rental of a vacation lodging (as a condominium) by several persons with each occupying the premises in turn for short periods 1. Firstly, there's a big misconception abt timeshare with you Singaporeans cuz you guys dun really understand what timeshare truly means. Do u take a bus/mrt/plane rides? Do you book trips from travel agents? When you are studying in school, do you pay for your school fees? Do you know that all the above activities are actually timesharing? You can't possibly book the entire bus or mrt exclusively to urself just to go to work cuz the overhead costs is too high...you can't possibly book the entire travel agency exclusively to urself for your own tours...You can't possibly book the entire school premises for yourself just to study cuz over high overhead costs as well. Thus the services above hav to be shared among a group of ppl so that each individual will not only get to enjoy the benefits of the services provided and also pay much lesser. This is what we call economies of scale benefits...This is what timesharing is all about. Ppl have been involved in timesharing since the day they were born and will be timesharing for the rest of their lives and that is a fact that will never be changed. If you guys are to do your own research online regarding timeshare, don't be surprised to find fantastic reviews about the product cuz those who own TRUE timeshare are actually proud and happy to be vacation owners having to spend much lesser and have more freedom and flexibility over each and every of their holidays. The reason why many Singaporeans are badly burnt in timeshare is simply because they don't even know what they are buying in the first place. Timeshare has a lot of specifics you need to look into before you even make a buying decision. Firstly, your home resort is very crucial in determining if you get your holidays. This is due to the exchange power. The higher the demand for your home resort, the higher the chances you get the holidays you desire. The 5 most recommended home resorts with high exchange power are respectively : Florida, Spain, Australia, Thailand & Bali. So if your home resorts are in any of these places, chances of you getting ur desired holidays are rather high. The second thing you gotta know is that the colour of your entitled weeks..from what I understand..timeshare has 3 colour codes for the weeks. They are red, blue and white. The advice i can give is to opt for the red week cause you'll be given priority each time you make a booking..blue and white weeks are not really recommended. Lastly, the suite you buy must @ least be a one bedroom suite. The reason is simple cuz the if you are to read timeshare resort brochures, studio units are least available in most hotels and resorts. This is one of the reasons why a lot of ppl have problems when it comes to booking their holidays. With a one-bedrm suite, you'll almost be guranteed a booking depending on the colour of your owned week. [ Post a Reply to This Message ] |
| [> Subject: Re: The definition of timeshare | |
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Author: Rashid [ Edit | View ] |
Date Posted: Wed, Sep 14 2005, 22:03:25 Hey Gandalf, what on earth are you babbling about? Why are u confusing pple here with analogies between buses\mrt\schools and timeshare? Why do you think Singaporeans have misconceptions about timeshare in the first place? Surely it has to do with what the seller projected to the buyers using whatever tactics isn't it? [ Post a Reply to This Message ] |
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Author: re_047 [ Edit | View ] |
Date Posted: Tue, Nov 22 2005, 3:08:43 I totally agree with what Gandalf is saying. Rashid, im not trying to be a smart alex here but try to think of it and do your research. Why TIMESHARING is selling like hotcakes in the west and MALAYSIA?? I'll give you one eg. U ever heard about Berjaya Timeshare which i doubt you have. Why are the members are happy with their TIMESHARE?? There's no qualms bout it. They also signed on the dotted line like other TIMESHARE members did in Singapore. TIMESHARE is good if you know what you are buying and how to use it. My aunt owns Berjaya Timeshare and she's happy with it. But we cant please the masses can we? Do you know that HYATT are doing TIMESHARE as well Rashid?? I'm not asking you to agree with what i'm saying but try to get in touch with a Berjaya Timeshare members and they will tell you every single detail bout it. Try to go to Johor for shopping at any of the shopping malls and you'll be surprise to see that they are selling Berjaya Timeshare in the open. [ Post a Reply to This Message ] |
| [> Subject: Re: The definition of timeshare | |
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Author: George [ Edit | View ] |
Date Posted: Fri, Sep 16 2005, 9:32:43 Yes, Timeshare is about sharing cost - the development, facilities, amenities, upkeeping, management of the resorts, hotels & whatever type of holiday homes the world over. So how does it work? Well firstly there are this entrepreneurs called marketing companies. They register a company in a country (often with partnership with 1 or 2 locals to lend authenticity) and set up shop either on-site (on the resort or hotel itself) or off-site (far away from the real thing so they can let you browse the beautifully crafted broshures - what you see may not be what it is). Then they create an office where they have the marketing or sales team called the 'Deck' in Timeshare language where people are invited and briefed on the holiday concept. Then they have a 'telemarketing' section to make cold calls or calls to people referred to from information obtained from many means - lucky draws, surveys and by other timeshare people (e.g. timeshare resellers etc.) to invite people for the presentation. Then they have the OPC (Outside Premises Contact) Team - people responsible for doing street surveys to entice people to go for the the timeshare presentation with offers of lucky draws and free gifts. Then they have a contracts section - once you agree to sign up for the membership you will have sign the legal papers and have the contracts explained to you. You will also sign the payment terms here (usually post-dated credit card slips if u pay by the so-called 'interest-free' instalments. So you pay an upfront cost of the membership, usually thousands of dollars for that one week of accomodation per year in your dream place. How much you pay will also depend on the size of accomodation you sign up - whether a Studio for 2; a 1-Bed for 4 or a 2-Bed for 6 people. The prices may range from $10k to $25k for the bigger units. Some memberships are freehold others last for 30 years with a renewable clause. Then you have to pay annual maintenance fees - how much is also dependent on the size of the units. This range from about $350 to $550 per year and they usually are billed to you in foreign currency. And this maintenance fees can go up and up (but never down) as years go up and you have to continue paying if you want to keep your membership. Then you are introduced to a holiday exchange company - either RCI or II (Interval International) which charges u an annual membership fee of about $150 or more. And if you make an exchange you have to pay another sum of $200 to $550 for that one week of exchange to another resort of your choice. (what people don't realise is that these exchanges are not guaranteed). Many people are even led to belief that there is a resale value for this membership. In reality, there is no such thing as a resale value. You will be extremely lucky if you can get $1K for your membership. Many people are cheated by timeshare resellers in the process. But beware of Timeshare marketing company offering you a trade-in. What actually happens is that they offer you an attractive price but you have to sign up for another programme or membership and pay another exorbitant amount! Due to the bad publicity given to Timeshare some companies deny they are timeshare companies and called themselves 'Holiday Club' or 'Vacation Club'. So now they are even smarter - they sell 2 types of membership at their place Timeshare membership and a Holiday Club membership. And as you can see in this forum many people are disappointed with both these entities. There is not much difference in the way both entities operate. Upfront cost and yearly maintenance or subscription fees..... And when you sign the dotted line be wary of the words 'unrescindable contract' - which will create legal problems for you. Thanks to the Consumer Protection Fair Trading Act 2004(CPFTA) - You have 3 working days (excluding Sats, Suns and Public Holidays) to cancel your contract and get a full refund. So how can you say Timeshare is like buying the MRT, buying a bus, or buying a Condo? Caveat Emptor! [ Post a Reply to This Message ] |
| [> Subject: Re: The definition of timeshare | |
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Author: sim [ Edit | View ] |
Date Posted: Mon, Sep 19 2005, 3:17:25 Well this is the true definition of timeshare as shown on Merriam-Webster dictionary : time-share /-"sher, -"shar/ : joint ownership or rental of a vacation lodging (as a condominium) by several persons with each occupying the premises in turn for short periods. Nothing to do with bus, mrt, plane rides, studying in school & travel agents. You don't get to own or rental for lodging at any of these. [ Post a Reply to This Message ] |
| [> Subject: Re: The definition of timeshare | |
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Author: sgwatchdog [ Edit | View ] |
Date Posted: Tue, Sep 27 2005, 15:56:00 according to the CONSUMER PROTECTION (FAIR TRADING) ACT, "time share accommodation" means any living accommodation, in Singapore or elsewhere, used or intended to be used (wholly or partly) for leisure purposes by a class of persons all of whom have rights to use, or participate in arrangements under which they may use, that accommodation or accommodation within a pool of accommodation to which that accommodation belongs; "time share contract" means a contract which confers or purports to confer on an individual time share rights that are exercisable during a period of not less than 3 years; "time share rights" means rights to use time share accommodation for a specified or ascertainable period, but does not include rights under a contract of employment or an insurance policy; [ Post a Reply to This Message ] |