Post reply
Original Message:
vanessar4 (by Orville F.):
I agree with Jim that being part of a Club, Group, or Vacation Organization is generally a non-controlling interest. If the Club decides to sell, mortgage, upgrade, etc. All they really owe you is a week wherever they may have available. And when you go to sell, you cannot really sell a particular place, you can only sell a share of ownership into a group of properties. Like a mutual fund, you can't sell Coke if they're going south and you can't vote to merge your AOL with Comcast.
Obviously, by the sound of it, in your case you can walk away with your contribution (space,place,time). And go on your merry may without worrying that someone else can make decisions with it ie; rent it to a different property owner, mortgage it into the ground, not keep it up, sell it, trade it, commit it.
But how would anyone know. The regular Joe would say, if it walks like a duck, must be a duck. I think it is fantastic that there are groups such as yours that allow you to retain your ownership, while also being able to trade with other owners at limited costs.
But you don't need to slam someone that is, as a general rule, correctly stating the differences.
Perhaps this reflects your mental/emotional maturity and education more than Jim's. We just want to be informed here. If you have different views or information, by all means share, but if you are just looking for on an opportunity to point at someone else, please spare us.