The Last Week Tonight host digs into the predatory industry of vacation timeshares and the equally bad industry of timeshare exit companies.
ohn Oliver dug into the $8.1bn predatory industry of timeshares and the equally troublesome industry of helping people escape them on Sunday’s Last Week Tonight. Though long lampooned as a scam on various television shows, Oliver noted that timeshare ownership, in which “rights to use” are divided among multiple parties with lifetime contracts but no ownership of the property, has risen in recent years.
“But whatever you call timeshares, the people selling them maintain that they are not just excellent value, they are actively good for you,” Oliver noted. But “timeshares don’t save lives – in fact in many cases, they could fuck them up. Because they are incredibly easy to get into but, as you will see, incredibly hard to get out of.”
And timeshare companies can go to “extreme lengths” to get people to agree on the spot to deals worth tens of thousands of dollars. “Lying is a key strategy for many timeshare salespeople,” said Oliver. “They will lie about everything, from the ease of making reservations, to the total cost of the timeshare.”
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