Michael
Rosemont,#2Consumer Suggestion
Sun, November 09, 2008
In response to the person who filed the complaint, what proof do you have of your claims? Detailing your experience with a sales rep has no business being listed as a Ripoff Report since you never purchased anything. You can provide no proof of what was said and I have been on that same Tour before and it was nothing like you describe. Sure the end of the interview is a little high pressured but all time-share pitches are. You also make wild claims on the value of the properties, claiming a $22K purchase price with a $4K-$8K resale price. Where do these numbers come from. I have used this site to get information on a lot of companies over the years but your report is not helpful and is actually very misleading. Now, my tour at Polo Towers was some time last year, and I don't remember the names of the people I delt with. I have recently been reconsidering purchasing a property there and hope that others who may consider doing so will ignore the first persons inaccurate report. Purchasing a Time-Share is not cheap, I've looked into several so I already know that. Don't look at purchasing a Time-Share for it's Resale Value as that's not what it's there for. It's not like a house that someone might "flip" for a quick profit. Owning a Time-Share is like owning any other Vacation Home, it's an expense and one that you should be thinking of for the long term.
Tom
Houston,#3Consumer Comment
Wed, January 26, 2005
Just looked up resale costs at Polo Towers found around $3,800 for a 1 bedroom and around $8,000 for a 2 bedroom. Annual fees are at least $460. I've heard people rave about their timeshares and other people rail against them. So I can't say they are good or bad, it is an individual decision, but I think everything I've seen they are not an 'investment', they are for vacations. Just look at any timeshare resale sites. If the first poster's timeshare was costing 22K they would have overpaid by at least 14K + interest compared to a resale. I know lots of factors (which week, which unit, etc.) are involved. And, high pressure doesn't work with me either. Present the facts and let me make up my mind.
Tom
Houston,#4Consumer Comment
Wed, January 26, 2005
Just looked up resale costs at Polo Towers found around $3,800 for a 1 bedroom and around $8,000 for a 2 bedroom. Annual fees are at least $460. I've heard people rave about their timeshares and other people rail against them. So I can't say they are good or bad, it is an individual decision, but I think everything I've seen they are not an 'investment', they are for vacations. Just look at any timeshare resale sites. If the first poster's timeshare was costing 22K they would have overpaid by at least 14K + interest compared to a resale. I know lots of factors (which week, which unit, etc.) are involved. And, high pressure doesn't work with me either. Present the facts and let me make up my mind.
Tom
Houston,#5Consumer Comment
Wed, January 26, 2005
Just looked up resale costs at Polo Towers found around $3,800 for a 1 bedroom and around $8,000 for a 2 bedroom. Annual fees are at least $460. I've heard people rave about their timeshares and other people rail against them. So I can't say they are good or bad, it is an individual decision, but I think everything I've seen they are not an 'investment', they are for vacations. Just look at any timeshare resale sites. If the first poster's timeshare was costing 22K they would have overpaid by at least 14K + interest compared to a resale. I know lots of factors (which week, which unit, etc.) are involved. And, high pressure doesn't work with me either. Present the facts and let me make up my mind.
Tom
Houston,#6Consumer Comment
Wed, January 26, 2005
Just looked up resale costs at Polo Towers found around $3,800 for a 1 bedroom and around $8,000 for a 2 bedroom. Annual fees are at least $460. I've heard people rave about their timeshares and other people rail against them. So I can't say they are good or bad, it is an individual decision, but I think everything I've seen they are not an 'investment', they are for vacations. Just look at any timeshare resale sites. If the first poster's timeshare was costing 22K they would have overpaid by at least 14K + interest compared to a resale. I know lots of factors (which week, which unit, etc.) are involved. And, high pressure doesn't work with me either. Present the facts and let me make up my mind.
Shawn
Palmdale,#7Consumer Suggestion
Tue, January 25, 2005
If you want more insight on your experience and time-share sales pressure, search for Fairfield Resorts on this site. It is also a time share resort. As far as the property, I am an owner at Polo Towers. I bought one week every two years, and I have had a good experience with the resort. For what I pay in maintenance fees, the room is a very good deal (they have pictures on their website). The last I heard, it is the only 5-star hotel on the strip and the only hotel with a rooftop pool. Owning a time-share here gives you a lot of leverage when it comes to trading/swapping for another time-share elsewhere in the world.