Quote:
Originally Posted by bournehall
.... It seemed to be a scam with the price they were charging..... I find it very difficult to believe that one small condo e.g. takes $500 per year per week to maintain .....
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I want to second the comment by John (timeos2) that the scam is in the original selling price, not the ongoing fees for maintenance. As others here have noted, a maintenance cost of $500 annual per week owned is reasonable when one considers the various expenses of running a resort. On the other hand, the average cost of
buying a week of timeshare purchased "new" (from the developer) is around $15,000. $15,000 for one week times 50 weeks is $750,000 per timeshare condo. When you consider that a typical timeshare resort costs maybe $200,000 (and maybe less) per condo to build, it's pretty clearly a rip-off.
I hear good things about Bluegreen, but I'd strongly advise buying
resale. BocaBum is a Bluegreen expert and should have Bluegreen resale packages for sale. I'd suggest buying from him.
