Another Timeshare horror story
Trapped in a Classic Holiday timeshare
Children to inherit parents’ bad deal that won’t end till 2076.
John and Linda Booth – both 69 and living off their super – have two main household expenses these days.
The first is private health insurance; the second is a holiday timeshare scheme managed by one of Australia’s biggest timeshare operators, Classic Holidays.
They could get out of the health insurance if they wanted to, although that mightn’t be a good idea at their age. But they recently discovered that they – and their children – are stuck with the timeshare for a very long time. At least that’s what Classic Holidays told them earlier this year.
“There’s no end to the scheme as far as I understand it, and when we die, it immediately transfers to the executors of our estate.”
The timeshare currently costs the Booths about $2,200 a year, and John estimates the costs have been going up about nine percent every year and John and Linda’s three children want no part of it.
“There’s no end to the scheme as far as I understand it. And when we die, it immediately transfers to the executors of our estate”
John Booth, timeshare owner