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Old 03-03-2007, 02:40 PM  
Varius
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Join Date: Jun 2004
Location: New York, NY
Posts: 6,890
I beg to differ on the timeshare = scam mentality. I'm sure many of them are, but I just purchased on in Las Vegas with the Marriot and here's what it breaks down to:

- Two weeks a year which because vegas is 'Platinum' level, I can trade at equal ground with anywhere in the world. For example their Arube hotel is $900/night but I could trade straight up. If I trade with lower level places I can get more time out of my 2 weeks, say 3 weeks.

- Mine cost $26,000 because I had the price frozen from last year. Currently they sell it at $28,000 but only one tower of 4 towers has been constructed, when the rest are up the price should be much higher. MGM is also doing their huge 'CityCenter' 10 billion-dollar project right across the street, meaning if they want to buy the Marriot's land out, they have to contact and deal with each timeshare owner individually. I know someone who had that happen to him with a different timeshare in Vegas and for his $30K timeshare he got close to $100K only a year after he bought it. So look at it as an investment (even though they say they dont want people to look at it that way).

- If you don't use it up, you can still do other things with it. They can rent it out for you taking a fee, or you can rent it to people. You can also convert it into 'points' which you can use for airfares. Basically for almost anywhere in the world, if I vacation only every 2nd year I could have fre airfare for two + weeks + hotel anywhere I want.
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