Timeshares is good investment or not.

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Original Message:

Re: Timeshares is good investment or not. (by Pat W.):

Carvana, you provided me good info and education regarding defaulting on your maintenance fees. I was not aware that there could be adverse effects to the other owners should owners allow their timeshares to be foreclosed on. I'd hate to do that. Our credit score is excellent,so I'd hate to mess that up too. And my credit card payments have been excellent. We purchased our timeshare 10 years ago in Maui and it's been paid for long time ago. Very nice timeshare but of course maintenance fees continue to rise and we have other financial commitments, that's why I want out. We purchased this resort bec' it was once an Embassy resort and we could use other Embassy resort properties at lower exchange fees so we weren't planning on visiting Maui that often. And it is a High Season, good trading property. It's since been sold twice, with the good perks gone. Since we can't afford to travel to Maui (even every other year since we only have odd years), we're faced with rising maintenance fees, plus RCI costs to exchange. Gets higher than expected. With your words of wisdom I have something to think of before making that move. Like I said, I have it on the mkt to be sold and its on RedWeek so hopefully it'll sell. Thanks again.