Quote:
Originally Posted by Michael G.
Wife and I were just talking about that not long ago.
Everyone connected to finance business say don't buy one and yet
many of our wealthy friends all own one.
One has 4 that they own........ .........and these are frugal people with their $$$$.
What am I missing??
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The key word is WEALTHY.
Example:
Initial buy-in $25k to $35. (there are more, there are less)
Gets you one week usage (annually) at any of their locations.
Annual fees $2k. (there are more, there are less)
So if you use it for 10 years you have paid $50k to $70k for ten weeks of vacation in a condo......full kitchen, two bedroom, living room, with resort grounds.
So to wealthy people..............fifty grand, nice place to stay...........why not.