Living in a timeshare rental

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Original Message:

Living in a timeshare rental (by Bob B.):

I went to a timeshare presentation with Intervals International and they said if I owned one of their timeshares I could stay in any hotel in their chain for $299pw for as many weeks a year as I liked.

I'm wondering, if I bought a timeshare off Redweek and paid the maintenance fees, could I live in various hotels in their chain paying just $299 per week indefinitely. It would be less than I'm paying now to rent an apartment.

What are the risks? What other factors do I need to consider?