The last sales pitch we had for a time share in Hawaii was for $700 maintenance fees a year plus the cost of the time share. At the time we were on vacation in Hawaii on a deal from the Entertainment book so our condo costs were only $700 per night anyway, without any long term commitment or initial 20K cost.
When I multiplied by 52 what they were selling the time shares for, they were selling ~$300K condos (if you bought it outright) for ~$900K, plus collecting $35+K annually in maintenance costs (assuming all weeks were sold). A good deal for the developers, not so good for the buyers.
When I multiplied by 52 what they were selling the time shares for, they were selling ~$300K condos (if you bought it outright) for ~$900K, plus collecting $35+K annually in maintenance costs (assuming all weeks were sold). A good deal for the developers, not so good for the buyers.