How long have time shares been around?

The time share concept has an interesting history. One of the early pioneers, at Fairfield Resorts , started in 1966 when Fairfield began as a land development company selling subdivided lots, whole ownership condos and custom-built homes in large master-planned communities such as Fairfield Bay, Fairfield Sapphire Valley and Fairfield Glade. Lot and home sales in these and other locations continue to this day.

The industry really exploded in the 1980's in the US. At that time, Fairfield began selling FairShare — a deeded ownership interest that provided an annual resort vacation at a specific location during a specific time period each year. FairShare owners could "exchange" these preset locations and dates through Fairfield's internal exchange program, also know as FAX (FairShare® Exchange of Fairfield Resorts, Inc.).

What is your experience with time shares? Have you ever participated in one of the exchange programs or do you prefer to go back to the same favorite destination every year?

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