Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: How could you refrain from shopping?
Old 07-06-2006, 03:03 PM   #61
Thinks s/he gets paid by the post
free4now's Avatar
 
Join Date: Dec 2005
Posts: 1,225
Re: How could you refrain from shopping?

I'm not a timeshare person myself, but from what I have read it can make sense if you buy on the secondary market (e.g. ebay) rather than buying from the salesguys that want to give you a free vacation for listening to their come on.
__________________

__________________
free4now 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 Early-Retirement.org 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!

Re: How could you refrain from shopping?
Old 07-06-2006, 03:06 PM   #62
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: How could you refrain from shopping?

Quote:
Originally Posted by IHateCNBC
I pay 52 maintenance fee per year and the 69 exchange fee so it works out to 17.29 per day. I have two weeks or a total of 14 days of lodging per year.

I stayed at place in Paris that was 368 per day if you walked in off the street for a night. I stayed at another place in Capetown that was 299 per day.
Oh, ok. You bought the timeshare weeks for the place in Tennessee on ebay for a couple grand or so, then pay the $52 maintenance fee on the place in tennessee each year. But you trade the weeks in Tennessee for other locations. Do you usually get 14 nights in good places in exchange for 14 nights in TN?
__________________

__________________
justin is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:09 PM   #63
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 104
Re: How could you refrain from shopping?

Quote:
Originally Posted by free4now
I'm not a timeshare person myself, but from what I have read it can make sense if you buy on the secondary market (e.g. ebay) rather than buying from the salesguys that want to give you a free vacation for listening to their come on.
Either was I but if you travel overseas you got to get creative. *

$15USD equivalent for a Subway sandwich in the UK (and that is not the meal deal) or $7USD equivalent for a double cheeseburger in Tokyo at McD's opened my eyes to I can not afford $200 plus a night for a 10x10 room and a single bed. *The timeshares I stay at normally have a bedroom and a full kitchen and most importantly a washer and dryer. *

__________________
IHateCNBC is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:15 PM   #64
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: How could you refrain from shopping?

I looked at a few dozen timeshares on Ebay a few minutes ago. All the maintenance fees were at least a few hundred per year for each week you buy. I guess you just have to keep looking for something with a maintenance fee of under $100?
__________________
justin is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:17 PM   #65
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 104
Re: How could you refrain from shopping?

Quote:
Originally Posted by justin
Oh, ok.* You bought the timeshare weeks for the place in Tennessee on ebay for a couple grand or so, then pay the $52 maintenance fee on the place in tennessee each year.* But you trade the weeks in Tennessee for other locations.* Do you usually get 14 nights in good places in exchange for 14 nights in TN?
They were $125 per week but *I bargained and got two weeks for $225.

Once you get your RCI account you bank your weeks and then in a day or two you can go searching for what is available. *Or you can call the 1-800 and talk to them. *What I do is get one week at a country or place I really want and then try to work the other week into the mix somehow. *I stayed at the same place two weeks in a row in Panama with no problems. *It was a very nice golf course resort with free green fees. *I played 396 holes and needed a break after being on vacation. *
__________________
IHateCNBC is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:19 PM   #66
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 104
Re: How could you refrain from shopping?

Quote:
Originally Posted by justin
I looked at a few dozen timeshares on Ebay a few minutes ago.* All the maintenance fees were at least a few hundred per year for each week you buy.* I guess you just have to keep looking for something with a maintenance fee of under $100?
I purchased mine in 1999.* I am sure a lot of people are figuring this trick out.* My maintenance fee is fixed until I sell it and then the next person gets the higher fee.* I am sure not all places are like this since each timeshare place has their own rules.
__________________
IHateCNBC is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:21 PM   #67
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: How could you refrain from shopping?

I kept searching and never saw a place with maint. fees under $400 or so. Darn!
__________________
justin is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:26 PM   #68
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 104
Re: How could you refrain from shopping?

Quote:
Originally Posted by justin
I kept searching and never saw a place with maint. fees under $400 or so.* Darn!* *
Do a google search on timeshare resales. You have to make sure you are buying a RCI week and not a week at that specific resort. I looked on Ebay also and it appears they are using the terms like floating week and red week but it is just at that resort.

I guess it is to hard. Never mind.
__________________
IHateCNBC is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:28 PM   #69
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: How could you refrain from shopping?

Quote:
Originally Posted by IHateCNBC
Do a google search on timeshare resales. You have to make sure you are buying a RCI week and not a week at that specific resort. I looked on Ebay also and it appears they are using the terms like floating week and red week but it is just at that resort.

I guess it is to hard. Never mind.
I guess this is a subject that requires a good bit of "due diligence" before jumping in. Maybe I'll give it a try some day.
__________________
justin is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:29 PM   #70
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 104
Re: How could you refrain from shopping?

When I bought I did not have to do all this stuff?

In addition to the winning bid amount will be the 2006 maintenance fee of $330, plus the closing cost of $395, plus the resort transfer fee of $75 due seller at close of auction..

I only had to pay the 52 x 2 maintenance fee up front and of course the $225 for the title.

Looks like the scammers have found this out now since I bought 7 years ago.

I am sorry I brought it up. *
__________________
IHateCNBC is offline   Reply With Quote
Re: How could you refrain from shopping?
Old 07-06-2006, 03:36 PM   #71
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 104
Re: How could you refrain from shopping?

Quote:
Originally Posted by justin
I guess this is a subject that requires a good bit of "due diligence" before jumping in.* Maybe I'll give it a try some day.
PM if you need any pointers. I am glad I am not trying to go through this maze now. Looks like the "selling a week" is big business now.

I guess in 1999 (height of the internet bubble) no one was looking for cheapo deals like me.
__________________

__________________
IHateCNBC is offline   Reply With Quote
Reply


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
Poll: Have you finished (or started) your holiday shopping? Baxter Other topics 11 12-07-2006 06:02 PM
weak links in online shopping security wabmester Other topics 9 05-25-2006 01:24 AM
The Church of Stop Shopping REWahoo Other topics 1 11-25-2005 07:45 PM
problems with comparison shopping Martha Other topics 13 06-15-2005 06:42 PM
Shopping for home/car insurance Roger_R Other topics 7 05-23-2004 08:44 PM

 

 
All times are GMT -6. The time now is 09:30 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.