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Originally Posted by HemiEd
Her Dad doesn't fit their normal demographic, from what I know. Unusual, since most wealthy people can buy their vacation spots outright. They usually prey on vacationers, during their vacation. High pressure, well set up sales mechanism. They create a lot of urgency, since they only have a few left.
You pay a large up front cost, then the annual maintence fee is about what it would cost you to rent "your time share" that the company is renting from an owner of the property.
The biggest rip off comes when you want to sell it. They charge you a substantial listing fee, then they don't sell it. Why would they? They would just sell a new one, and keep all the revenue, since their is no actual limits or property involved.
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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.