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No Time Out for Timeshares

Published Friday, August 01, 2008

The economy is dying on the vine while $4 gasoline and rising unemployment have consumers putting purchases of everything from cars to houses on hold. Hotel chains, fearful of faltering occupancies as vacationers decide that backyard barbecues are more reasonable than a resort stay by the beach this summer, are scaling back plans for new construction. Condominium development is moribund, and the apartment, office, retail and even industrial sectors have all fallen off. Contrast all that with the timeshare segment, a business with its own unique law of economics. One company after another in vintage military attack mode ...

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