Lifetime Timeshare Memberships Making Typical Timeshares Obsolete

What is one of the worst investments you can ever make for yourself? If you said shorting the Dow Jones, or shorting oil futures you would be wrong. If you said investing in Bear Stearns or Countrywide Financial you would be wrong. If you said betting black on the roulette table, or taking a trifecta in the Kentucky Derby you would also be wrong. One of the worst investments you can ever make is buying a timeshare.

The timeshare industry started about 40 years ago when developers figured out a new innovative way to sell property that was over produced. They decided they needed to bill these locations as luxurious travel spots to inflate the perceived value which would lead to more demand. They then decided it would be more advantageous to lure customers in with the promise of free gifts and in some instances even money.

Once a prospective customer is inside the timeshare office walls anything goes. They are subjected to the hardest closing process seen in the sales industry. Former Timeshare rep Joe Ross says, " Once you had a prospect admit that they liked vacations and they wanted to save money on vacations we had them hooked. We would easily be able to exaggerate the numbers and savings they would have if they decided to buy a timeshare. We billed it as a great investment, even though we all know that a timeshare loses about 80% of its value once you buy it, sort of like buying a new Mercedes and driving it off the lot."

The typical timeshare purchase allows the customer to basically have one week at the resort that they are choosing. Typically this purchase goes for anywhere between $20,000 and $50,000 to have one week for the rest of your life at this resort. The room ranges from a studio to maybe a 2 bedroom if you are lucky. Then there are maintenance fees which usually range from $500 to $1000 per year depending on whether you travel or not. A steep price for some. Former timeshare owner Randy Gardner says, " The maintenance fees are the true killer. Not only are we paying if we don't use the week or not, we also have to pay special maintenance fees say is the roof needs repair or the gutters need to be fixed. It truly is a real rip-off!"

Good luck trying to resell your timeshare. The fact of the matter is these timeshares can usually be sold only for pennies on the dollar. The typical timeshare say cost $20,000 for one week. At fifty weeks a year means roughly one million dollars is spent for the one location. These locations can usually be bought outright from a developer for maybe $150,000-200,000. The mark up on buying a timeshare is pretty steep. Trying to switch weeks to other locations is usually a horrible experience. Many locations will be sold out and the cost to transfer to another location might be too hefty to even attempt.

Many are catching on to the problem and the poor investment timeshares represent. Many now are looking to more viable alternatives such as lifetime timeshare memberships. These membership are usually with a well know timeshare booking company such as Gold Crown Resorts or RCI. These memberships are lifetime memberships that allow customers to travel as many times as they want per year usually at rock bottom prices of $298-699 per week or prices that are 60-80% off retail sites such as priceline.com or expedia.com. " I cannot believe how much I saved on my trip to Whistler, British Columbia in March. I saved $1750 off what I would have spent if I bought it from the condo's main website," says Global Resorts Network customer Chris Hurney. These timeshare memberships have excellent customer service staffs that will help you get the location you want and when you want. Typical timeshare purchases don't.

These memberships have many more benefits than your typical timeshare. They usually cost 70-90% less than a typical timeshare. There are no maintenance fees. You can travel as often per year as you want and can stay at any of over 6,000 three to five star resorts. You get three free guest and family passes per year to give to family and friends so they can use them. Vacation pro Geraint Phillips says, " It is a win win situation with these lifetime luxury memberships such as the one Global Resorts Network offers. The resorts need people to fill their rooms so are willing to give the members such rock bottom prices because the resorts know they will make money on food and booze, etc. Everyone makes out opposed to with buying a timeshare where the only one who makes out in the salesman and the selling company. The customer really gets the shaft!"

With the United States economy close to a recession many are very concerned with how they can save money on travel. Americans love to travel and take vacations and now more then ever they want luxury at rock bottom prices. The typical timeshare has become obsolete and outdated. The luxury lifetime timeshare membership like Global Resorts Network offers is the new wave of the future. Saving money and traveling is style is the new wave. To learn more about the benefits of luxury lifetime timeshare membership opposed to buy a typical timeshare please go to

http://www.sayyestogrn.com .