Thanks, I'm so spooked. My friend had great success and that's what gave me the idea. I really had no clue it was illegal. Afterall, we can 'rent' it out to friends, etc.
I agree about the exchange companies taking on blood-sucking attributes (hope that's not too rude for these forums) we belong to II and RCI-- we're not even going to re-up w/ RCI- we own eoy at the Ron Jon resort and we'll just go there-- we can't get anything good for an exchange. The exchange fees just go up willy-nilly too.
They seem to forget that most of us have put out a fortune and we may not see the full return in our lifetimes.
Actually, you can't "rent" it out to friends. You can give it to friends for the cost of the guest certificate.
As far as the rental compaines being blood sucking entities, they'll only get away with what members allow them to get away with. That's why there is a class action law suit against RCI that's in the discovery stages right now (unless it's been dropped and the web site not updated).
I really have not noticed this as being an issue with I.I. as I've found adaquate inventory to exchange into. With RCI, the only two times I exchanged with them (through HGVC) I found that inventory into Branson, MO was EXTREMELY limited despite the fact they had more member resorts than I.I. at that time. If it had been high season I might have understood but the two exchanges were shoulder season and should have drawn more than 1 resort on the first occasion and 2 resorts the second time I exchanged.
For my part, RCI has not received any exchange weeks from me for the last 3 or 4 years and I will continue that trend. When the weeks membership I have now from another resort purchase runs out I don't plan on renewing with them. Not that the loss of my business will affect their practices at all but, if I can't get decent exchanges through them and prefer to use my weeks then why pay them a membership fee?
Note that these are not DOG weeks I own. One is HGVC which is supposed to be a relatively good trader. The other is French Quarter in Branson, MO which is a gold crown resort. The only one I've exhcanged has been HGVC as French Quarter is a new addition to our family of timeshares. If it was a mud hut in some remote third world country during rainy season I could buy the arguement that I'm getting what I paid for but his is Hilton, not some non-rated non-maintained unit during off season.