St. George’s Club Timeshare in Bermuda

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st george's club bermuda timeshareWe have been timeshare owners of the St. George's Club in Bermuda for 10 years. Over that time, the maintenance fees have more than DOUBLED but the club has gone downhill. Now, on a fixed income, we cannot afford these fees.

Selling is out of the question as no one would want this timeshare. On our most recent trip, two years ago, we discovered just how difficult things are. As cruise ships have become larger, all of the ports except one are unable to accommodate the ships,... Read the rest of this entry »

Premier By Original Resorts/RCI

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Everyone seems hell-bent on seeing the math. I keep an Excel spreadsheet of ALL purchase with my Timeshare Resort and RCI. I know EXACTLY what I paid, What I’ve spent, what I’ve saved since my purchase November 2006 while at Desire Resort and Spa in Cabo.

fishing

We purchased in 2006 and paid one year of maintenance fees. Due to a contract dispute I was able to negotiate out the yearly maintenance fees with my home resort Christmas 2008. Since this time I only have RCI yearly fees. So my... Read the rest of this entry »

Wall Street Journal Feature on Timeshare Troubles

The Wall Street Journal recently (April 2012) aired a video about the difficulty of selling timeshares.

According to the WSJ, an estimated 50% of owners are behind on their payments.

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A few notes from the video:

[ad#readmore]The average cost for maintenance fees is around $730 per year, which has been steadily increasing year to year. Travel is a luxury, and one that most people are not able to allocate a lot of time and... Read the rest of this entry »