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What do people know about timeshares? Does anyone own one? Do people have stories of good or bad experiences they or a friend may have had? I'm thinking about it and want some input. Any help would be appreciated.
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My Mom bought several RCI timeshare weeks in the 80's (I think for like $3,000-$5,000 per week) and we've kind of taken one over. It is extremely easy to trade them - one note though, these are premium (red weeks) so that they can be traded for anything and you always get the best room in the resort. Different categories go for different prices. Some of the lesser categories require you to use 2 weeks to stay at the same resort and you will not get a room on the water, etc. We've used ours for Vail, Cancun, Germany, Austria, Bahamas, etc., and never had a problem with trading. We did have to book Hawaii two years in advance. Every resort that we've stayed in has been clean, well-kept and in a good location. Our actual time share is in Vermont.
One additional note - your maintenance fees are tied to the resort where your time share is actually located so if you go with an older resort that needs repairs, the fees will be higher.
