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Time shares are modern piracy. A friend of mine was looking into converting his hotel into a timeshare and I helped him with the cash flow projections. Great for him, but a total ripoff for the buyer. The monthly maintenance fees are enough to run the property, pay the mortage and taxes with a bit left over. This is one deal that you should not walk but run away from. Why else do you think that 2nd owner deals on timeshares are so much less than the original purchase price.
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