I''ve lived in Virginia Beach for 37 years (Yikes how did that happen?) and drove past a gated trailer condo community for the whole time I was there. Then I got the Airstreaming bug... and knew I'd need a place to stay. So I visited Indian Cove.
I found out that the campground was emerging from a very challenging time. It had been built a few years before I moved to the area... and most of the old members had died out, aged out or moved out. Many had simply abandoned their memberships, which meant their condo deeds were forfeited or surrendered to the condo for non-payment of dues.
Suffice it to say that because the campground was run down and needed major repairs, there was NO market for the old memberships - and in fact they could be taken over simply by agreeing to take over the legal responsibility for the dues. (I do feel a bit bad that some people had paid up to $17K to join, but there were literally 50 members wanting to sign over their deeds if I'd be willing to pay the $500 per year dues - now over $600.) Under the terms of the association people with one membership can stay 14 days and then must move off for 7 days. People with 2 memberships can stay 28 days and move off for 7. The campground closes January and February.
In my case I can spend up to 250 days per year for about $1200. I usually travel enough so that I'm not there for the whole 250, but talk about a bargain! Can't beat that at any mobile home park or RV park. I can also say "I live in a gated community off of Sandbridge Road" which SOUNDS like it's one of the snootiest addresses in the county.
I concur, NEVER NEVER NEVER buy a membership from the developer. Both conventional and RV timeshares go for 1/4 to 1/3 the original price if you buy from someone who wants to unload and there are plenty of those.
BTW if you OWN a timeshare and see one of those TV commercials saying they can get you full price, it's BULL. They want a "listing fee" of about $250 to $350... and that's ALL you'll ever get is "listed".