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May Newsletter Q&A: Second Market Timeshare Owners 'Caught' By RCI

[Q=luigik] It seems that most of you are missing the whole point of timesharing. Even though some timeshares have a "deed" the concept is "use". If you rent a hotel room at Marriott or Westin (FOR EXAMPLE) you'll pay around $300 a night for something nice. Remember rents go as high as $3000 a night. But even at $300/night = $2100 per week and every year inflation pushes those room rates upwards. However, if you "invest" into something you're going to do anyway (vacation) then for the maintenance fee (say $1200) you get a condo instead of a room plus all the resort facilities. Do the math over 30 years. If you don't save then you're investing in the wrong level of accommodation. It's an investment into vacation quality and upgrades not into money-making.[/Q] Which is exactly the way those ownerships are being sold. I have never paid $3000 for a night anywhere, and that's for the king of Saudi Arabia, not us real world folks. But the idea is you are getting those extras. A nice condo. Resort facilities. The ability to trade it or sell it to someone else if you don't want it this year, or ever again. Maybe over that 30 years you got too old or sick to travel. The thread is about those timeshare sellers and their accomplices taking away things you were buying. Things you paid for, maybe for 10, 20 years. And trying to withhold some of those amenities from someone you might sell your interest to. Trying deliberately to dilute your value. That's what crooks do. As long as they get their maintenance money I want them to shut up and do what we expect them to do. This is what's wrong with the timeshare industry. Blue suede shoe operators and just plain crooks trying to cheat people. It goes on every day.