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From: op@ames-lm.UUCP
Newsgroups: net.travel,net.invest,net.misc
Subject: Re: vacation condo Timesharing
Message-ID: <127@ames-lm.UUCP>
Date: Wed, 18-Jan-84 22:09:31 EST
Article-I.D.: ames-lm.127
Posted: Wed Jan 18 22:09:31 1984
Date-Received: Fri, 20-Jan-84 06:27:21 EST
Organization: NASA-Ames Research Center, Mtn. View, CA
Lines: 42

I purchased 2 weeks of timesharing in Tahoe 3 years ago for $5000 per week.
It came with a 10 year, 12% loan through 1st Interstate Bank.  
I got to choose what week and unit I wanted as long as the unit and time
slot I chose was not taken already.  Depending on what week you purchased
the sales prices varied.  For example you had to buy 2 weeks to cover
Christmas and New Years at about $20000 but for the summer months the price
was about $4500 and went up to $7000 for the winter.  What the 
purchase entitled me to was the deed of trust to each week which I can do
as I please with.  It can be willed, sold, or given away just as long as the
loan is paid off.  The only other charge that there is, is the yearly maint.
fee which is $200. The condo is located in Incline Village up the street from
the Hyatt Lake Tahoe.  It has 2 bedrooms, 2 bathrooms, a loft with 2 beds, a
washer and dryer, fully equiped kitchen, bar, fireplace, phone, and even an
ironing board and iron.  There is a clubhouse that has 2 racquetball courts,
a sauna, a jacquzzi, weight equipment, pool table, game room, a small food
counter, and a lounge with bar service.  Outside there are 2 tennis courts,
a swimming pool, and a jacuzzi.  If you are staying there during the winter
the clubhouse has a ski filing room and sleds that you can use.

Of all the times that I have been up there I have never had any trouble with
the place being a mess.  They have excellent maid service in between intervals.
If something is missing or broken you report it to the clubhouse and they will
send someone over to replace it or fix it.

If you don't want to spend your week in Tahoe you can join a club for about
$50 a year that allows you to trade your week for a comparable
condo somewhere else in the world.  I traded for a week at a tennis resort
in Florida that was charging $110 a night for the condo that I got.  I only 
paid $30 for the paperwork involved.  They publish a book with all of the
locations that you can trade and send you a new issue every year.

As you can probably tell I am very happy with my decision to purchase a 
timeshare interval.  It has worked out very good for me as a tax write-off
and a nice vacation spot.  But as with anything else, there is always at least
one thing wrong with some timeshare resorts that you have to look out for.
Be sure that the place is not a hotel room (that is what they sell you in
Reno for the same price) and that you get the deed of trust.  That should
lead to many years of happy timesharing.

      Michael Lee
      NASA Ames Research Center
      Moffett Field, CA