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You be someone who know what you be saying...
BlueParrot,
You hit it right on the head! You sound like an experience timeshare owner, and for that you are able to navigate the "system". My point, IMHO, remains true for all of those owners that buy timeshare at a presentation and believe everything they hear about the "value" of what they are getting. What advice can you give an ex-college coed friend of mine who bought a studio unit at David Walley's Resort in Nevada for a whopping $15000.00, borrowed $10,000.00 of it and is paying an equal amount in interest every year as she is in maintenance fees? I doubt she's going to be happy with what she'll price her unit to sell, no matter where she advertises.
If you know what you're doing, timeshare can be a great way to pre-pay your vacations, and even capitalize on that knowledge by making a little money now and then. The majority of timeshare owners don't fall into this category, however, and will find themselves chasing their investment down the drain. Buy timeshare resales and you have a better chance of coming out whole. The problem is that many first time buyers know nothing about resales, let alone have any reason to believe they can't resell their timeshare for what they bought it for from the developer.
Thanks for posting.
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