Original Message:
Re: Wyndham's new "Ovation" program offers exit solutions for their owners... interested? (by Jim S.):
If you are able to use all of your points, and have no trouble with coming up with the maintenance fees, then there may not be a reason for you to surrender your ownership. However, it made sense to us to bail out because of how much we were paying for maintenance -- and because we were unwilling to use the points for things we no longer cared to do (or that we could not do). We had more than a million points (OK, we were suckers for the sales force), but are now retired on a pleasant acre in North Carolina. We could travel a few hundred miles and enjoy the quiet and the scenery, or we can walk out to our gazebo and sit in our swing and enjoy the quiet and the scenery. And we can enjoy a week in a modest motel on the beach for little more than a month's maintenance fee.
Newcomers need to recognize the basic truth of timeshare ownership: buying a time share IS NOT AN INVESTMENT IN REAL ESTATE! Meaning that you can't easily sell it once you have it. And the pleasant, friendly sales people will be replaced by the nasty, growling and very UNfriendly finance types.