Yep I am a Tugger...
+1. Learned about the resale market on TUG.
Yep I am a Tugger...
Maybe the others but not the DVC - and certainly not the Beach Club. Disney would not have allowed the purchase/resale at 20 cents on the dollar...likely not even for 50 or 60 cents on the dollar.
That was true when they were selling you a share in the property. Now they sell you points and those can inflate without limit! You are buying air that can only be used with great effort, planning and sacrifice.I read somewhere that the sales and marketing costs for a timeshare were typically around 35 percent of sale price.
That was true when they were selling you a share in the property. Now they sell you points and those can inflate without limit! You are buying air that can only be used with great effort, planning and sacrifice.
My understanding is you can not make your beneficiaries accept an inheartance. Many are deeded back to the resort.
However, getting a first rate timeshare free would be great as long as they can afford the $1,200 maintenance fee yearly...a Marriott/Hilton/Disney/Westin/Hyatt/Worldmark/Wyndham etc..
otherwise it has value on the resale market.....look on redweek.com
Good question, I've wondered about that too. If nobody wants it what are they gonna do? After the estate is closed there's no one left to sue.
That was true when they were selling you a share in the property. Now they sell you points and those can inflate without limit! You are buying air that can only be used with great effort, planning and sacrifice.
That was true when they were selling you a share in the property. Now they sell you points and those can inflate without limit! You are buying air that can only be used with great effort, planning and sacrifice.
I fail to see how renting your home to someone when you aren't using it causes your neighbors a problem.
Lastly let me say that I agree that timeshares are not good investments but I didn't buy mines for a growth investment. lol, if any thing we knew that buying one would cost us MORE money because it probably has forced us to take way more vacations that we would have without it.
It's a prepaid vacation club.
How about shared access condo and distribution of front door and or garage keys? Or noise from people that will "only be there for the weekend"
Or a lake house that has a party with a hundred people invited?
If you buy into a building with rules about sub-letting or weekend renters you should abide by those rules.
I also agree however if I tried to vacation as often as we do with the same type of accommodations we have paid for the timeshare a few times over.
I just looked and we've used the TS 58 times (maybe 300 days?) in the last 10 years.
Sounds like you’ve thoroughly used your TS. When you add up the all-in cost, what is your average cost/night for those 300 nights? If you had an up front payment, just use a reasonable IRR to calculate its value in your calculation.
I've started thinking about how our kids will not want to inherit it. Maybe I can find someone about to declare bankruptcy and deed it to him/her before the judgement. Only cost to get out will be the unusually high title transfer fee. LOL
Absolutely not true.
I own 200 points at the Beach club resort in Walt Disney world. My husband and I purchased in 2001 since we were both disney fanatics and we had small children.
WE love, love, love our DVC membership.
lol and now you know what my user name stands for. bclover. Beach club lover.
No doubt there are good timeshare contracts and not so good timeshare contracts.
One thing we learned is never, ever buy retail as it were. If you do, you are paying far too much. A quick check of the timeshare re-sale market will verify that. We have seen them for sale for as little as 10 cents on the dollar right up to 40 cents on the dollar. These low resale prices give us pause to ask ourselves why this is.
Clearly there is far more supply than there is demand. Are there any resells that sell at cost or at a premium?
Welcome home! we own there as well as Saratoga Springs, agree love the timeshares and never have an issue booking DVC. Just booked Bay Lake for March 2019 stay.
Here are some other options in mouseworld where the free market is at work:Disney pretty much holds it's value or actually increases in value. LOL problem is, while you can go all over the world with your DVC membership it loses value if you "trade out". You really have to like going to the mouseworld at least every other year.