Thank you.
You are correct. I am not in a position to cover $61K monthly maintenance fee. That would defeat the whole purpose of an exchange rather than rental - although it does (partially) explain the prohibitive rental rates.
Do you know whether the fees on a 2, 3 or 4 bedroom unit would make an exchange feasible?
Having said that, it seems likely many of these units sit empty for months at a time - as the rental rates are so prohibitive. In other words, the owners are incurring (and not defraying) the maintenance fees in any event.
Therefore, perhaps an exchange - with the right to terminate or interrupt, if the Unit is sold (or rented for a significant chunk of the exchange period) during the exchange period - would be feasible?
I would also consider including my small house in the mountains 1/2 hour from a ski resort at Panorama, British Columbia (and 1 and 1/2 hours from Lake Louise, Alberta (site of the 1988 downhill ski Olympics).
Thank you