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Re: REDWEEKS NEW TIMESHARE EXHANGE PROGRAM (by R P.):

phill12 wrote:

I paid about $13,000 and own two top units at the Ridge Tahoe and love it there and this has caused problem because we have not been trading until next year to Maui! This was another reason for us buying the Tower again so we still go to Lake Tahoe in Aug 2008 for a week.

The most we ever paid for a timeshare was 10K and that was for the developer one in Orlando. It was at a gold crown resort in a brand new area and the unit we bought faced the most popular water park there at the time ..... they've since built a much larger water park with a tubing river.

We thought that 10K was outrageous (we didn't know about resales until later and until after our rescission period had past).

The most expensive resale we bought was $2900 but we got our money back when we sold it as it was a very nice RCI gold crown and 5* with II in a semi-high rise facing the Atlantic Ocean in Florida. It was the one with the 100 ft. wrap around balcony.

The second most expensive was a II 5* two bedroom in New Orleans at $2500. When I put it up for auction on Bidshares there was a bidding war and I made a little profit on it. The others were bought for very little money.

It definitely pays to shop around and do your homework. It also pays to negotiate as some people just want out from under their yearly timeshare maintenance fee albatross.

We are in agreement about people who shell out megabucks for one week of timeshare.