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

jayjay wrote:

chuckg21 wrote:

There are actually four owners at Newport Beach who have purchased all 52 weeks at the Marriott Resort! We are on Marco Island and we have sold more 4, 8 and 12 week packages here than any other resort!

Gosh, 52 weeks X 28K a week = 1 million 456 thousand dollars and say the maintenance fees are $900 a week, that adds another $46,800 anually totalling 1 million 502 thousand dollars a year .... that's mindboggling. I would have liked to have been the Marriott salesman that sold that deal .... no telling what his commission was, however I wonder if the buyer actually made a good deal with prices of houses and condos falling like rocks in California.

I can understand rich snowbirds buying 4, 8 and 12 week packages in southwest Florida (Marco Island Marriott) in that low supply, high demand area for weeks 1-15. Dear Jayjay, You'd have to be unconciously wealthy to pull off a 52 purchase. I'm sure the Marriott sales person must have felt that he hit the equivelant of the California Lotto that day. I don't know when or who any of the four people were that purchased the 52 weeks. The $28,000 per week price was a Sept 2004 Platinum week price (Newport Coast - summer and fall). Weeks falling in the winter and spring (Gold season) would have been less, of course, but the fixed holiday weeks would have been even higher than $28,000. Chuck