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Re: Maintenance Fees (by R P.):

cynthias164 wrote:

I know people who are paying $1200 or more in maintenance fees and are paying $17,000 for there one week of points. thats a minimum of $2900 every year for the fisrt 10 years. If they bought it in their twenties and are still going strong fifty years later, by the time they go on their 50th vacation Their vacations just for accomadations will average out to $1,540 a year and this does not include their yearly taxes. Interest on the original financing of $17,000, or increases in their maintenance fees. I also forgot the exchange fees and yearly membership fees.

Exactly .... unless someone desires a timeshare week in a very high demand location with a very low supply then (in my opinion) there's really no sense in BUYING a timeshare with all the financial obligations involved.

There are thousands of timeshares for rent on Redweek alone (not counting other rental sites on the internet and brick & mortar rental outets). By renting you're not obligated to the hassles of long term ownership which include rising maintenance fees (yearly), possible special assessments and rising exchange company fees.

Remember that when you buy a timeshare you own it until you sell it. Even after death your estate is responsible for all financial obligations regarding that ownership.