Word: condo
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Dates: during 1990-1999
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...vacationing New Yorkers Jerry Koenig and Mary Geissman jaunted in their posh gray sedan from the 400-year-old stone house overlooking the narrow paths of medieval Padua, Italy, to the modern ski condo in Asiago, Italy, they had time to reflect on how breathtaking the vineyard-dotted Po Valley is...and how the house, the condo and the car had cost them not a cent. All three came in exchange for use of their two-bedroom apartment in New York City...
...French engineer, who met them for drinks at John F. Kennedy Airport. They have kept in touch since, through notes and Christmas cards, visits to each other and at least seven stays at Rene's, including three quid pro quo exchanges. Sometimes Jerry and Mary have used Rene's condo in the French Alps, or one--or both of them--has stayed at Rene's Paris apartment when he was away from home. This March, nearly 20 years after their first swap, the couple plans to spend an entire month in Rene's Paris flat...
...just about every state in the U.S. and 30 or more countries, from Australia and the Czech Republic to Indonesia and South Africa. If you live in such popular U.S. tourist spots as Los Angeles, New York City or Miami, you may find yourself deluged with fabulous offers: a condo on the beach in Barcelona, a castlelike "cottage" in Burgundy. Sometimes the accommodations are more modest than what you're offering in exchange. But timing and location can make up the difference. If you live in a less well-known area, you can write to prospects, regaling them with...
...palatial condo you bargained for could turn out to be a weed-bound motel. Because that actually happened to William Rogers, he created a Timeshare Users Group website www.tug2.net) which now has more than 3,000 members who rate their shares via chat room and bulletin board. And even if you find the share of your dreams, "the trading is not all that easy, because you can't get the places during the times you want," cautions Joan Bennett of Indianapolis, Ind., who with her husband Dick owns a 13-week share in Hilton Head. "To be sure of getting...
...Anyone who thinks he can make money on this is crazy," says Denver resident and time-share owner Jim Crigler. Resale values on shares are notoriously low--typically half the purchase price. In addition, annual maintenance fees, which average around $350, can be a drain. And condo associations can be dictatorial, complaining about such violations as too many plants on the balcony...