“Timeshares are one of the biggest scams on the market today. Once you are stuck in one, you are stuck in a black hole.” – Dave Ramsey
Buying a timeshare means chaining yourself to a company that can sack you with escalating expenses for the rest of your life. It’s not an investment. You won’t make money. You can’t easily sell it. And it may eventually drive you stir crazy.
If you think the prison analogy is a bit harsh, consider the case of Paul and Christy Akeo.
The Lansing, Mich., couple got into a contract dispute with Palace Elite Resorts over their Cancun timeshare and the company had them arrested and tossed into a maximum security prison for 32 days.
The Akeos were finally released in April with the help of their congressman and the Trump administration. And on Friday they filed a lawsuit against the company and its CEO, José Gibrán Chapur Dájer, alleging defamation, malicious prosecution and intentional infliction of emotional distress.
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