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Re: Maintenance Fees (by R P.):

Jeff, like you, there are millions of timeshare owners that are very satisfied with what they own and are satisfied with their rising maintenance fees, HOWEVER, there are literally millions who are NOT happy with the rising costs related to timeshare ownership, including rising exchange fees.

All you have to do is access all the hundreds of timeshare resale sites on the internet, not to speak of brick and mortar timeshare resale companies, to see the GLUT of timeshare weeks for sale. And check out the $1.00 - $100.00 timeshares on Ebay, some at gold crown resorts.

I'm not knocking timeshare ownership (we owned 9 timeshare weeks at one time), but the rising costs and special assessments just became non cost effective.

Also, when we bought our timeshares there were not the prolific amount of rental sites on the internet as there is now.

The straw that broke the camel's back for us was when one of our resorts charged all owners a special assessment in 3 year increments on top of a hefty rise in maintenance fees for 3 years in a row. We sold that week, but we hear that they are now threatening to charge owners ANOTHER special assessment. It all boiled down to poor management at this resort and no reserves. That's when we decided to sell all of our timeshares. We saw the handwriting on the wall.

There't nothing wrong with renting from a timeshare owner. We are still timesharing and we're also helping pay somebody else's maintenance fees.

BTW, when all timeshares implode economically (probably after all the baby boomers die off), the resorts will merely sell full ownership units. It's not a doomsday scenario.

jeffr92 wrote:

Jay Jay says the answer is to get rid of them and just rent. That will work until every one gives them up and then there is no one to rent from. Jeff