The following post was submitted by a reader and poses the following questions –
Is RCI’s Trading Power Declining?
Is there a push to convert all RCI members over to Wyndham Points?
We own 2 timeshares – both in Kauai Bali Hai and Ali Kai. We have always traded these, and have always gotten into great resorts i.e. Disney Beach Club and Boardwalk Villas (this year for Christmas). However, I notice lately that rci does not seem to have the same amount of inventory that they have had in past years. Upon questioning one of their CSR agents I was told it’s because owners are renting their units.
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The following post was submitted by a reader detailing his experience with Grandview Las Vegas timeshare.
I also had VERY BAD EXPERIENCES with Grandview at Las Vegas…
First, may I suggest we ALL flood their offices with complaints with the hope that they begin to look more closely at these RIP-OFFS…
My Story:
My wife and I were in Las Vegas in 2009 when we were invited to sit in at a 90-minute vacation presentation. We were offered tickets to see a ‘Las Vegas’ styled show in return for our presence at this presentation. Since we were short of money and could not ordinarily afford a ‘Las Vegas Style Show,’ we accepted.
The salesperson, J. J., told us that a timeshare was just like any other piece of real estate; we would get a deed and could sell, rent or give away. She said our ‘special price’ was only about $13,000 – instead of $30,000, and was a good investment because our timeshare investment could value as much as twice the present value in a few short years. We understood the concept of real estate so we believed her.
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The following post was submitted by user Bryan:
I’ve had a RCI timeshare for 10 years. In those 10 years I’ve never been satisfied with the product. I currently pay $700 per year in maintenance fees, $179 in booking fees, $50 per year in membership fees and taxes on my 1 bedroom condo. What do I get for all that? I have the priviledge of being able to use for 1 week a year.
The maintenance fees have gone from $350 per year to $700 per year over the decade I’ve owned the timeshare. Recently I tried to book a trip on a Thursday and was kicked out of their computer system because they were doing maintenance. I tried again on the following Monday, only to find that the rules and rates had changed. The week I wanted to book was now only available if I combined 2 weeks and paid a $99 fee to combine them so I could get the 1 week I tried to book earlier.
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In October 2006, my fiance and I decided to get away for a weekend and visit a few of his friends in Las Vegas, Nevada. Despite our amazing hotel deal, we were pretty tight on funds and the trip was last-minute in nature, so when we were approached by two sales associates at the Mandalay Bay offering “free show tickets”, there was no hesitation to find out more. We were informed that we would be eligible for numerous Vegas show tickets that evening including Cirque de Soleil, Lance Burton, and others. We were also told that to qualify for the tickets we would need to attend a brief presentation on “real estate opportunities” lasting about 2 hours in length and that there was no obligation to buy – I would later realize that the latter part of this statement was entirely false. Within what seemed to be seconds of accepting the invitation we were whisked through back corridors of the Mandalay Bay and lead to a secluded parking area where a handful of sight-seeing vans were waiting. The 5 minute drive turned into 20 minutes and we ended up pulling into a dilapidated strip mall, far from the glitz and glamour of the strip.
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