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Re: WALK AWAY FROM TIMESHARE (by Charles G.):

jayjay wrote:

Chuck, I'd be curious to know what he paid for his 12 Marriott platinum weeks and what his yearly maintenance fees are? I can't even imagine :o).

chuckg21 wrote:

In 2004, I met a local resident who lived in the Palm Springs area and wanted a condo in Luguna or Newport Beach to escape the torrid heat of the summer. Rather than pay the $1.5 million for the condo, he purchased 12 weeks in the platinum season at Newport for a fraction of the cost. This is just an example why some people purchase multiple weeks. Chuck

The cost is expensive, no two ways about it. At the time, he probably paid $28,000 per week, which is a enormous sum of $336,000. However, this guy seemed to be pretty wealthy since he was shopping for a second home for use in the summer in the $1.5 million range. He thought that the 12 weeks at the five starr Newport resort was the better spend then the $1.5 condo, which was not nearly resort quality. Of course, I'm not in that financial category. The fees are about $700 per week, so this guy is shelling out over $8,000 per year, but he said he just wanted the summer escape to the beach and he's happy as a lark. However, he can still trade these weeks for Hawaii or trade for points if so chooses. I also met a dentist who told me that he had 26 Marriott weeks at various properties. I am sure that he bought some of them resale because he was the one that told me about Redweek.

Chuck