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Thanks very much, 4ARedOctober, for all the information. We stayed at Carlsbad Inn Resort in August and really liked the area. I debated what to purchase, but I ended up buying a two bedroom (resale) at Carlsbad Seapointe Resort.....currently in escrow. I don't think I'll be exchanging and like the idea of being able to get some bonus time if it's available. Thanks again for your help on answering my questions on the GPP and Carlsbad Seapointe.
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