June 2, 2016 - Seventeen members heard a presentation on time shares by Woody Latoor.  He explained that timeshares began in the 1940s in Europe where people returned to the same location year after year.  When timeshares started a bit later in the US, people wanted to go to different places and that led to timeshare exchanges.  Originally the timeshare was a right to use a location for a specified number of years but now they are deeded.  Timeshare maintenance fees can exceed what the resort owner may charge a 3rd party user to rent a unit, so getting rid of a timeshare can be difficult.