Flexiclub Timeshare

[Dave A]

I've always been deeply suspicious of timeshare. I'm not sure there's much of a saving in there with most deals, it locks you in, and it's not easy to turn this "asset" into liquid cash - which says mountains about just how much of an asset it really is.

Most of all, I know you can't pay the bills of running these places with points; they have to keep sucking in cash to keep them running. Throw in a little margin for operator profit and you may as well stay with pay-as-you-go where you don't have the problem of being held over a barrel.

Does the CPA cover this type of thing

I think the CPA may well have a profound effect on the hard sell techniques of the timeshare industry. At the very least people will have a cooling off period in wihch to pull out.

and would it be applicable to contracts concluded prior to the commencement date of the CPA?

I don't think so.