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Re: Huge Difference Between Purchase and Resale (by Todd M.):

All, Thanks for the feeback. I have been in and around sales for some time, and the concept of "sell it for what they will pay for it" is something I have long understood. The problem is that I always try to be on the sell side of it, rather than the buy side of it. I guess I normally consider myself a very informed buyer, and in this case, I was not. Shame on me.

It's not like we didn't do the math. If you add timeshare costs, closing fees, interest on financing the timeshare, maintenance fees and include the "bonus weeks on RCI" I will be spending $1,335/week of vacation. If I assume that the bonus weeks hold no value, then I am up to $1438/week. While I consider that a resonably good deal at my home resort, I'm not optimistic that it woud be should I trade to another location. And while they claim that my resort holds high trading power (and they mentioned 2 for 1 trades), I am skeptical based upon the posts that I have read that I should count on getting full value out of trades.

Now that I am on this site, I see other timeshares that I think are very reasonably priced, that I would love to purchase, but I already have $25K tied up in my first timeshare. The feeling of being terribly upside-down on a transaction of that size is not fun. I guess I just have to remember the stock market saying, "you can't lose money until you sell."

Thanks again for all the feedback and comments.