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#41 |
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Recycles dryer sheets
![]() ![]() ![]() ![]() Join Date: Feb 2005
Posts: 128
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Re: Time Share Resorts
It seems to me that it is just cheaper to rent a vacation place rather than buy a timeshare. No upfront costs and the flexibility to choose a different location when you go. No worries about increasing costs that you cannot control or damage from natural disasters. Just my 2 cents.
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#42 | |
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Full time employment: Posting here.
![]() ![]() ![]() ![]() ![]() Join Date: Mar 2005
Posts: 876
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Re: Time Share Resorts
Quote:
__________________
"Who among us is smart enough to learn from the mistakes of others?" - Voltaire |
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#43 | |
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Dryer sheet wannabe
![]() ![]() Join Date: Mar 2004
Posts: 20
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Re: Time Share Resorts
Quote:
Then again, it depends on what you buy. With Four Seasons, the annual maintenance fees is $1750. After splitting the lockoff, you can stay for 14 days in a 1Br/Studio unit for $125. Four Seasons rates for similar units are north of $350-800. The $125 rate cannot be beat even when you rent from private owners on websites like* Ebay* & Myresortnetwork.com Rent one side of the lockoff and you can technically stay for 7 nights in a studio unit at Four Seasons for free.* As the cost of maintenance increases at the lesser rate than cost of hotel night, you don't have to worry about increasing cost of vacationing when compared to booking a hotel/condo. Regarding flexibility, it again depends where you buy. You can move around within a club or exchange using II/RCI/SFX exchange companies. http://www.fourseasons.com/residence...tinations.html |
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#44 | |
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Guest
Posts: n/a
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Re: Time Share Resorts
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#45 | |
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Dryer sheet wannabe
![]() ![]() Join Date: Mar 2004
Posts: 20
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Re: Time Share Resorts
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Nope...Just a "Not so Young Dreamer"(low 30s) planning to retire at 45.I love travelling. It is something I cannot let go or delay till the golden years. The only way to do it is to make every vacation dollar count. |
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#46 | |
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Moderator Emeritus
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Feb 2005
Location: San Diego
Posts: 4,788
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Re: Time Share Resorts
Quote:
![]() I think even if you could line up a renter for the lock off portion to make your stay, "free". You still have to factor in the 15k-25k you put up in the beginning. Maybe 20 years of vacationing later you can say you've come out ahead... |
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#47 |
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Dryer sheet wannabe
![]() ![]() Join Date: Mar 2004
Posts: 20
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Re: Time Share Resorts
I agree that the Four Seasons unit has a lesser bang for the buck than HGVC. I picked it up for 12.5K on Ebay. The "free" lockoff unit retails for 275-350 depending on the season averaging out to $2000 for a 7 night stay. With a 7.5% ROI on 12.5K and 3% inflation on the nightly cost, it would take around 9 years to break even.
Would I ever pay $350 for a hotel night. - Nope Can I rent Four Seasons with a 12.5K * 7.5% = 1000/7 = 145 a night. - Nope I see it as a lifestyle decision. It helps us afford Four Seasons at a price that we would normally pay for a Hilton or Sheraton room. The 9 years included. |
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#48 |
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Guest
Posts: n/a
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Re: Time Share Resorts
xxxxx
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#49 | |
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Moderator Emeritus
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Feb 2005
Location: San Diego
Posts: 4,788
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Re: Time Share Resorts
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