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Original Message:
Re: Manhattan Club Lawsuit (by Jill S.):
Susan - I understand, with most timeshares, the yearly/weekly maintenance fees calculate to the low side, or even cut-rate, when compared to a "pay as you go" hotel nightly rate in any current market. (Although at $300 a night, not so at TMC if you could stay at the Sheraton or Hilton for $300!)
One study I read calculated that, if the timeshare is used (and presumably enjoyed) for 13 years, the owner(s) would have spent the same amount of money as if they just paid market rate every time they took a vacation. And none of the stress of ownership.
This is partly why the yearly rising maintenance fees at TMC are so troubling. We are not only out the initial cost of buying but also have to pay top market-rate to use it. And we can't get out of ownership obligations into perpetuity.