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I just won Marriott Cypess Harbour

Discussion in 'Marriott Vacation Club' started by PATERCUBBIE, Apr 4, 2012.

  1. PATERCUBBIE

    PATERCUBBIE Guest

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    I just won a Special week 2 bd room at Cypress Harbour weeks 1-17 51/52
    for $ 800.00. Makes me wonder if timeshares prices have hit rock bottom or can they still go lower ? I like to believe that in 5 to 10 years prices may rebound a bit if economy reobounds.
     
  2. LAX Mom

    LAX Mom TUG Member

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    Cypress Harbour is a great resort. Congrats!
     
  3. rrazzorr

    rrazzorr TUG Member

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    Just get those thought out of your head and simply enjoy your vacations.
     
  4. FractionalTraveler

    FractionalTraveler TUG Member

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    +1 The value is not in the $800 spent, its in the time you spent with family and friends on vacation!

    well said rrazzorr!
     
  5. sea

    sea TUG Member

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    Does anyone know what the maintenance fee is at Cypress Harbour?
    We love it there!
     
  6. SueDonJ

    SueDonJ Moderator

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    Location:
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    Resorts Owned:
    Marriott Barony Beach and SurfWatch
    Cypress Harbor 2012 Operating Budget from the resort page at my-vacationclub.com:

    Operating and Reserve Fee $936.22
    Property Taxes - Special Weeks $93.94, Sport Weeks $77.48, Summer Weeks $90.89
     
  7. PATERCUBBIE

    PATERCUBBIE Guest

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    i AGREE

    We do treat timeshare as a family vacation not an investment. I still do wonder were the bottom is in this market ? I see many prime weeks 7-17 51-52 going for very low prices. All market have bottoms. The next question is after it hits bottom will it have any bounce or does it splat on ground like an EGG.
     
  8. Gophesjo

    Gophesjo TUG Review Crew: Veteran TUG Member

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    Can't resist this - If it's Orlando, it is splat and sizzle...
     
  9. 4Reliefnow

    4Reliefnow TUG Member

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    Congrats that you focused on a Platinum week. I have seen countless posts saying they were going to buy a Silver week for $800. does anyone really want to vacation in Silver Season.....then buy Platinum and reserve any week you want and have a better rental, trader, sale property.

    I did talk with a knowledgeable Marriott sales rep and he made the comment that super cheap weeks might end when Marriott realizes they can convert to points for the trust and sell them at $10 and 40 cents maintenance.

    The cheapest Cypress Harbor is 1,700 points in the new system or $17,000 to buy new trust points. This is dramatic evidence of how crazy $10 a point is. It also shows that Marriott could exercise ROFR on a platinum week for $5,000 and sell the points for $26,000 ( nice mark-up) .

    I think this will start to happen when inventory runs low. Why should Marriott build five new resorts when they can buy weeks that convert to points at 80 percent off?
     
  10. Beefnot

    Beefnot TUG Member

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    I won a Cypress Harbour auction last October for $100 plus reimbursement for 2011 MFs. I got nervous later reneged for what turned out to be inexperience on the part of the seller. They had New Year's 2011/2012 already booked and prepared to transfer to me. I don't recall if it was a 1-52 or 1-17/51-52.
     
  11. m61376

    m61376 TUG Member

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    I think you have a good point, and I too have wondered if there will be a limit on the period to snag these great deals. Will an economic recovery start to prod prices up and/or will active ROFR become something to contend with? It makes intrinsic sense that it will be an easy avenue for Marriott to gain trust inventory when supplies diminish.
     
  12. jdetar

    jdetar TUG Member

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    If you want another week to own at Cypress Harbour I'll give you mine free.. sport week
     
  13. Saintsfanfl

    Saintsfanfl TUG Member

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    Resale prices are never going to go up. Timeshares are worth little to nothing. The true expense is in the maint fees and as long as they keep going up resale prices will stay down. Maint fees will never go down. Values on existing timeshares ALWAYS fall. Buying a timeshare as an investment is almost always a joke.
     

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