I bought a timeshare about 7 years ago with the idea that it could be exchanged for other times and places. I was able to exchange it twice. Every other time I've tried to exchange it, I have been told that there is nothing available. Even this morning - when I spoke to a representative to try to book a week in Ireland for ANYTIME IN 2010, I was told that there was no time available. Because of this fact, I have lost several years since they will let you keep only 2 years on the books.
I have met with the sales people on several different occasions in Ogunquit and was willing to switch over to their point system at the $3, 000 they wanted a little while before only to find out that it is now $9, 000. That's what was paid for the timeshare in the first place. Why in God's name would I want to put out another $9, 000 when I can't get any time I want NOW.