Magazine content is available exclusively for TIME subscribers.Holiday Condos
Problems for time sharing
One week in a luxury vacation retreat each year for the rest of your life for just $8,000, plus a small annual maintenance fee. That is the appeal of time-sharing ownership, the hottest and most controversial part of the depressed residential real estate business. New housing starts are at their lowest point since World War II, but during the past seven years the time-share business has exploded from $50 million to $1.3 billion in annual sales.
Time sharing allows people to beat the high cost of vacations in $100-a-night resort...
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