Then you follow-up with "This is old news." to a post that to a THINKING PERSON suggests that maybe these affiliated Travel Clubs are possibly temporary havens for dog timeshares that will need to be foreclosed on by the HOA's when it's decided the Travel Club will go bankrupt. The "Nightmare Scenario".
It is anyone's own choice. If you decide you just walk, you just walk. You leave the choice to HOA to decide what option they can ake through the system their country, your country can provide to them. But any HOA should try to exhaust these options if they are responsible.
If HOA can not handle it, they will either find another to solve it, or just went belly up.
The "Nightmare" may or may never happen.
It will happen if the economic is in a very bad situation. In that case, I don't know how many industrial will actually survive. But one thing for sure, since the economic is so bad, the travel business will be very apearing to other country, in that case, the resort will provide cheap labor and operator as a hotel to foreign country tourism.
It will not happen if economic is good or real estate price can hold. The rest of owners just vote to end this resort and has the property sold to a developer or foreign investor, and based on what happen to most of area, it probably worth more or the same. And they can sell it to the country that has best economic situation.
Of course, if there is a war, then most resort will be closed/abandon so the local government will take them back if there is someone want to rebuild them as TS or other development. Or until the economic is better, then reopen it.
HOA can also choice to just shut down the resort until overall situation went better, which will may the yearly payment just tax and some neccesary operation cost.
I don't see any HOA should take the week especially from PCC or a travel company unless they like to and able to.
But if those "Nightmare" is PCC and so call tour club, it may happen. With the information flow, they will have even more difficult time to sell even good week. And I believe that is what they promote, and that is what they believes, so when that happen, most of them should be happy because they did see their future.
Ps. Come to think of that, since most of them (PCC) operates on the assumption of nightmare, so if that happen, it actually should be a sweet dream for them. Unfortuantely, I don't see the TS will end.
Jya-Ning