Originally Posted by Bugpeterbeater
While many of them operate that way, it doesn't necessarily mean that's the case with his. My wife's uncles are both pilots for Southwest, and they along with 10 other pilots organized their own timeshare on a house in Lake Tahoe. They split the costs evenly and each had a week in every season, it seemed to work out good for them. We stayed there for a week on our honeymoon, it was an awesome place.
That is a true timeshare, with property involved. That would be great to be a part of, for the most part.
I had a buddy do something similar, 12 guys went together and bought three condos on the west coast of Florida. It turned into a real soap opera, a lot of laughs for me, hilarious. They did surprise me though, by keeping it together as long as they did.
Short version, a couple of the guys (drunk) got the rest of the owners evicted from the golf course forever, etc.