When Ellen Callis, a 68-year-old retired high school teacher from Phoenix, Arizona, first dipped her toes into the timeshare property market in August 2008, she was helping a colleague who was experiencing financial difficulties.
After investing in a second property in 2013, Ms Callis now says she has buyer’s remorse – she is one of a growing number of timeshare owners desperate to quit burdensome contracts that extract hefty fees even when properties are unavailable to use.
“I am loath to add up how much I lost overall,” Ms Callis tells The National.
“Neither was an investment; my investments are to make money, not toss it to the wind. I purchased pipe dreams of spending good times with family or friends, not investments.”
Ms Callis paid her former colleague about $3,000 for the timeshare property at the Wyndham Vacation Resort in the town of…