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Re: Timeshares is good investment or not. (by Peter C.):

My apologies for my mis-statement. I've booked about 350 weeks in 2008 from my owned units (I've made more than 350 bookings, not all are 7 night stays, not all the units are owned by me), the vast majority are sub 60 day reservations with Resort dicounted point reservations and a significant portion are "free" upgrades due to my Platinum Status with DRI and WVR. This of course means I "own" less than 350 weeks but since so many of my contracts are points based rather than unit based it makes it a bit difficult to define (350 studios off season at undesireable resorts are easy to compare to 350 2BR units in HI, but how many units/weeks is an 80,000 point DRUSC contract worth? - 80 studios off season sub 60 day, or not quite two 2BR Presidential units at DRI KBC?). Technically I own 2.3 Million pts WVR, 350k pts DRI on a few dozen contracts, about 50 DRI contracts in weeks, about 20 units in misc resorts, 7 of which provide about 600,000 RCI Points. Nearly all my ownership not in points are lockoff units, also allowing me to "create" more weeks than I own. My effective booking of 350 weeks does in fact set my weekly unit cost below $500, although it is possible I'm off in my $150k statement - if anything, I've overstated my annual maintenance. I have indeed pre-booked units which go unrented and have fixed week units which at times go unrented but I am very paranoid about this and lost weeks are very rare for me.