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Real Estate
The Real Estate Adviser |
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August 7, 2003
New timeshare wrinkle: private residence clubs
By TOM KELLY
The Real Estate Advisor
The Real Estate Advisor
BIG BEAR LAKE, Calif. -- Can’t get enough of that timeshare? Would you trade a few of your allotted vacation days for the same number of nights at an upscale hotel, complete with a personal chef in your luxurious suite?
Welcome to the concept known as private residence clubs, an attempt to corral the huge number of late baby boomers stung by the rising cost of second homes yet who still seek the additional comfort and multi-season use not afforded by most timeshare packages.
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Previous columns:
- Household settlement not enough for some, 07-31-2003
- Second home shopping? Take another look at VA, 07-24-2003
- Will loan data stand up after the deal closes?, 07-17-2003
- Know a good loan rep? It's worth a few calls, 07-10-2003
- Timeshares may offer bonus time and day use, 07-03-2003
- When is an offer binding?, 06-26-2003
- Maxed-out borrowers can get help for fix-up, 06-19-2003
- Father's Day dream: finding a getaway, 06-12-2003