lilliand
TUG Member
- Joined
- Jul 10, 2014
- Messages
- 22
- Reaction score
- 10
- Points
- 113
- Location
- Wylie, TX
- Resorts Owned
- Welk Resorts
I am on vacation at an Interval Exchange. Sat thru a presentation today with Wyndham Grand Residence Club. Salesman said that both Interval and RCI inventory are declining by 2% per quarter (8% per year) and eventually they will both be gone as there won’t be any resorts left. He Said that Private Residence Clubs are not timeshares and are the way to go. Said there is a class action lawsuit underway which will drastically change timeshares but wouldn’t provide any further details. Is there any truth in any of this? Does anyone have further info on how a residence club differs from a timeshare?