Friday, March 18, 2005

Residence Club Shopping? Check Ratio

How available are snazzy homes in the Residence Club you're thinking of joining? Undoubedly more available than in timeshares, due to lower member-to-resident ratio (typically 6:1 in residence clubs vs. 48:1 in timeshares). But some new clubs have ratios as high as 12:1, I'm told by Signature Destinations, a new Seattle-based outfit. Ask the question and do the math: calculate implied ratio by dividing avgerage property price by the membership deposit.


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