Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 07-13-2007, 08:37 AM   #21
Thinks s/he gets paid by the post
retire@40's Avatar
Join Date: Feb 2004
Posts: 2,669
Originally Posted by roadkill View Post
I am currently considering the possibility of purchasing a timeshare at Daytona Beach. For those who have been through this, what was your thought process in so far as why you choose this route versus simply going the pay as you go rental route?
Here's a thread from a couple of years ago that may be helpful.

Time Share Resorts

No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-13-2007, 09:14 AM   #22
Thinks s/he gets paid by the post
kcowan's Avatar
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 4,451
Send a message via Skype™ to kcowan
Also check out Timeshare Users Group - Timeshare Owners Helping Each other, Unbiased Timeshare Information for All Owners, Buy Sell Rent Timeshare Timeshare Users Group.

Probably a good idea to join before making any investment.
Purchase price = 3x outright purchase price
Resale price = .25 of above
Maintenance fee = $200 to $800 per week
Trading fee = $400 (250+150)

Simple math - $600K oceanfront condo
Per week - 600/50 - $12k - timeshare new = $36k
Resale - $9k with ROI of 10% then $900
Maintenance - $350
Use for 1 week - $1250
Swap instead - $1650 or $236 per night

For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 07-13-2007, 09:45 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
Join Date: Jun 2006
Posts: 11,018
Now that you've decided to hang on to it for a while, how about listing it for sale somewhere at a price that would be favorable to you? That is, you're not in a rush to sell it, so you can wait for a good deal (as long as you don't have to pay for the listing (some web site)).
TromboneAl is offline   Reply With Quote
Old 07-16-2007, 06:10 PM   #24
Recycles dryer sheets
Join Date: Feb 2004
Posts: 81
Thanks to all for the help......

I have concluded (as others have) that the only way a timeshare would be a competitive approach to a pay as you go rental is when it is purchased as a resale (check out ebay)and not from the developer. Secondly, the "points system" seems to have the most flexibility. A 154,000 point unit in Daytona Beach would cost around $20k plus annual assesments of around $1k from the developer. The ebay price is running somewhere around $1,500 - $3,000 plus $1K annual assesments.

So, me thinks I will keep an eye on the resale market and maybe pick up a deal from an estate or someone just looking to dump their ownership share.

roadkill is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Time to quit? quiz sgeeeee Young Dreamers 20 10-24-2005 10:50 PM
Time Share Resorts retire@40 Life after FIRE 48 09-27-2005 09:21 PM
Are illegal immigrants a serious problem or not? Art Other topics 200 07-09-2005 08:19 AM
As time goes by.............. JOhn Galt Life after FIRE 8 02-12-2005 06:02 PM
Good Time to Retire ? renferme FIRE and Money 44 06-28-2004 09:03 AM


All times are GMT -6. The time now is 12:51 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.