I need another timeshare like I need ...

T_R_Oglodyte · Aug 1, 2006

I need another timeshare like an exotic dancer needs another button.

***

I've been very happy with our current timeshare portfolio. We've trimmed it and tweaked it over the years, and have it to a place where it's got the places we want to visit, I have minimum needs for exchange companies, and when I do exchange the independents work extremely well for us. Oh, I've been thinking about selling Winners Circle and adding Vacation Internationale. But as it is, we usually rack up more timeshare options than we have vacation time. I don't prowl around auction sites as much as I used to, with that obsession to find a deal and bargain, and wheel and deal. Maybe I'm just at that age as a guy where there's no longer the need to track down, capture, and drag home a kill to a fawning and grateful wife and family.

So we're in the bedroom last evening, and I"m starting to get stuff out to pack for our trip to Hawai`i this weekend. As I'm laying out clothes my wife says she went on eBay yesterday, and ...

you know where this is heading, don't you????

... she says she saw a one bedroom Pahio unit on eBay, auction expiring in about 12 hours, and the bid price was $626. We stayed at Shearwater a couple of years ago, did the tour at Bali Hai, so she knows the place. She talks about how much she enjoyed that trip, when we spent one week at Princeville and one week at Po`ipu.

Now I may be a guy, but I'm not totally clueless. It only takes me about ten minutes to realize that she is giving me permission to buy another timeshare. Nay, she's not giving me permission, she's asking me to put in a bid and see if we can get it on the cheap.

I look at the auction and check it out. It's legitimate. Reputable and reliable seller. Closing costs higher than I would like, but that simply deducts from what I'm willing to bid. So this morning I enter my snipe.

***

Well, I guess I'm now the proud owner of a one-bedroom EOY at Pahio Bali Hai for $1646 (including closing and transfer costs) + payment of this years fees.

Cheers, I guess.

Spence · Aug 1, 2006

I've forgotten all the sites I used to visit weekly looking for deals, I do have eBay set up to tell me daily of any new Sunterra properties. I bought one a few months back with an offer to a seller who didn't have an accurate listing and had a reserve of $10K, told him why I'd only give him 5K and he took it. Turned the contract over to another Tugger who had shown interest in it.

rickandcindy23 · Aug 1, 2006

That is a great deal. Have you passed ROFR yet? That will be a bit of a sticky wicket. Many resellers on ebay will not even let you attempt to get the week, they will just take the cash from the resort and be done with it.

If it becomes a problem, refer to the following thread: http://www.tugbbs.com/forums/showthread.php?t=20294

I had something happen with my dishonest reseller that was very uncomfortable, but I will only report to you via private email, so if you want to know, I will be happy to share.

T_R_Oglodyte · Aug 1, 2006

rickandcindy23 said:
That is a great deal. Have you passed ROFR yet? That will be a bit of a sticky wicket. Many resellers on ebay will not even let you attempt to get the week, they will just take the cash from the resort and be done with it.

If it becomes a problem, refer to the following thread: http://www.tugbbs.com/forums/showthread.php?t=20294

I had something happen with my dishonest reseller that was very uncomfortable, but I will only report to you via private email, so if you want to know, I will be happy to share.

Yeah, I saw it and figured the snipes were laying low on this one. My haw dropped when I saw the e-mail saying I won.

I know about the ROFR. I didn't have time to inquire about it before the bid ended. We'll see how it plays out. Though I probably wouldn't be heartbroken if it didn't survive, as I've already got enough timeshares. And for what the annual fees are climbing too in Hawai`i, a person is almost better off renting than owning.

Patricia · Aug 1, 2006

Hi Steve:

That is a great deal and a great story !!!

Some folks just have a knack for telling a good story, and I think
you have the gift.

Thanks for sharing, and enjoy your latest addition to your timeshare
portfolio.

Regards,
Patricia

philemer · Aug 2, 2006

Steve,
Always, and I means always, listen to your DW. Life goes smoother.

Phil

PS That's just a little less than I paid for my EOY at Mauna Loa Village. Enjoy.

T_R_Oglodyte · Aug 2, 2006

Patricia said:
Hi Steve:

That is a great deal and a great story !!!

Some folks just have a knack for telling a good story, and I think
you have the gift.

Thanks for sharing, and enjoy your latest addition to your timeshare
portfolio.

Regards,
Patricia

Thanks for your kind words.

We're probably a typical TUGger timesharing family. I do the timeshare stuff. She just wants to know where we're going and when, and how we're going to pay for it all Most of the time when I mention timeshare, she rolls her eyes. I think there are a lot if folks here who know exactly what I'm saying.

So when she says she was at eBay looking at timehsare auctions, you probably couldn't have removed my jaw from the floor with anything less than a diamond-edged high-carbon steel spatula.

urple2 · Aug 2, 2006

I need another timeshare like an exotic dancer needs another button.

Great story. Sounds like a good title to a how-to timeshare book.

_____

Bill

mcdmom · Aug 2, 2006

So when she says she was at eBay looking at timehsare auctions, you probably couldn't have removed my jaw from the floor with anything less than a diamond-edged high-carbon steel spatula.

LOL, We're the opposite in my family. I'm the timeshare "queen" and my husband, grown kids and even some friends roll their eyes! I just got a great deal from Ebay last week! The family is happy with it but it's all on me to do the planning. I don't mind though, it's what I LOVE to do. That's why I love TUG and you folks so much! :whoopie:
I've found "soulmates" ! LOL

rickandcindy23 · Aug 2, 2006

philemer said:
Steve,
Always, and I means always, listen to your DW. Life goes smoother.

Phil

PS That's just a little less than I paid for my EOY at Mauna Loa Village. Enjoy.

I wish someone would tell my husband that!

MattnTricia · Aug 2, 2006

The problem with that thinking is this:

You dont really need 1 timeshare you need to get 2. 1 addition to your collection would just be lonely.

With that in mind we just made offers on a worldmark and a DVC to add to our collection of 4 HGVC units.

Seriously, when we paid off the last Hilton, a while back we decided that we were done. Well, done and me didn't get along so well so with in 4 days the offers were flying.

There is a method to the madness.

I am just not sure I could explain it to anyone else.

CaliDave · Aug 2, 2006

I've been done buying about 15 times now. And the heartache of selling one of my babies.. I can;t stand it.

I always think.. why did this one have to sell.. That was my favorite.

T_R_Oglodyte · Aug 2, 2006

mattnday said:
There is a method to the madness.

I am just not sure I could explain it to anyone else.

That's the main problem with insanity. The rest of the world just doesn't understand!

talkamotta · Aug 2, 2006

If my work wouldnt let us have internet access, I probably could retire early. But then, without timeshares, what would I do? What would I do!!!! Its like the never ending story of timeshare fairy land.

I told my kids there are certain questions you dont ask a woman. How old are you? How much do you weight? and how many timeshares do you own .... MOM ?

But alas, they all enjoy the timeshares and the memories that are made.

Enjoy your timeshare. I bought two in Hawaii in the last 12 months. :whoopie:

T_R_Oglodyte · Aug 3, 2006

You know - every year when the annual fees are due I ask myself why we continue to own in Hawai'i.

But then I realize that we can book time when we need to go. It's a place that our (now adult) kids like to visit with us, and they like the resorts.

I regret not having taken enough vacations with the kids when they were younger. My daughter and her SO (and likely future fiancee) will be joining us in Kaua'i in a couple of weeks.

When I think of that I realize that the money is trivial. It's worth every penny when we can plan vacations where my DW and I can spend the limited time remaining in our lives, while we are still healthy and can be active, with each other and with family in a place that we all enjoy and love.

taffy19 · Aug 3, 2006

Enjoy while you can!!! We think the same way but we don't have much time left. Your family will remember the nice memories with you. All I can say, take lots of pictures and movie clips.

jacknsara · Aug 6, 2006

T_R_Oglodyte said:
... I know about the ROFR. I didn't have time to inquire about it before the bid ended. We'll see how it plays out. ....

Aloha Steve,
You've probably seen the Pahio ROFR thread in the Hawaii conference. I have more data - KBV specific - that may be useful. One key is the date that the prior owner (prior to reseller assuming I've pegged the right auction) bought from PAHIO - mid 2005 being the likely key. Feel free to contact me off line.
Jack Goodstein

topcop400 · Aug 6, 2006

T_R_Oglodyte said:
That's the main problem with insanity. The rest of the world just doesn't understand!

A friend of mine who owns nine timeshares is afraid her kids are going to sell them off for a dollar shen she dies. She's always telling them: "DON'T YOU SELL MY TIMESHARES!"

JillChang · Aug 6, 2006

T_R_Oglodyte said:
You know - every year when the annual fees are due I ask myself why we continue to own in Hawai'i.

But then I realize that we can book time when we need to go. It's a place that our (now adult) kids like to visit with us, and they like the resorts.

I regret not having taken enough vacations with the kids when they were younger. My daughter and her SO (and likely future fiancee) will be joining us in Kaua'i in a couple of weeks.

When I think of that I realize that the money is trivial. It's worth every penny when we can plan vacations where my DW and I can spend the limited time remaining in our lives, while we are still healthy and can be active, with each other and with family in a place that we all enjoy and love.

Thanks, you just gave me another excellent excuse to purchase more timeshares while my kids are young

Now I can justified the time I spent on eBay searching for that deal that no other tuggers found

..... and the time I spent reading tug so I understand the pros and cons timesharing.....

brucecz · Aug 6, 2006

T_R_Oglodyte said:
That's the main problem with insanity. The rest of the world just doesn't understand!

I am gald I do not have

"timeshare sickness" like you and CaliDave.

I think I sold :bawl:

off 7 of our ownerships this year. If I had kept all of the units we have owned this past 5 to 6 years we would have:whoopie: a fair amount of weeks.

I am looking for :wall:

just one more CMV UDI Oak Timbers and one more CMV UDI Cottage.

Bruce

T_R_Oglodyte · Nov 15, 2006

The conclusion to the story and a lesson in doing due diligence

I admit it. I got lazy and didn't do the due diligence I should have.

We just got the final paperwork from Holiday Group on our purchase and I'm perusing it in more detail, and suddenly a couple of things start me scratching my head. The inventory control numbers says "EO" after the unit and week; when I got the paperwork initially I fgured that meant even only. But then I note that the "Property Description part of the deed says I have a "2/102nd interest" in the unit, where I would have expected it to say "1/102nd". And I start thinking that maybe that "EO" actually means "Even-Odd".

Finally, I get a letter yesterday from Pahio confirming the transfer of ownership, and it says the ownership is "Even & Odd Year". Meantime, I've already been in contact with Pahio, because I have to have them transfer one of their bulk banked weeks into my account so I can get something out of the 2006 usage. So I also ask them whether this is even years or annual.

Yep - it's actually an annual ownership. For some reason it's deeded as a combined even year and odd year ownership instead of a simple annual ownership (hence the odd references to "2/102nd" ownership instead of a "1/51st" and the reference to "even & odd year"). My best guess is that someone at Holiday saw the "EO" reference, figured that meant "even only", and entered in their system as "even years" instead of annual usage.

Sweet!!!

Spence · Nov 15, 2006

brucecz said:
I am looking for just one more CMV UDI Oak Timbers and one more CMV UDI Cottage.Bruce

Yeah, right!

rickandcindy23 · Nov 15, 2006

Steve, I am so happy for you! And I am also very jealous.

An error in your favor, what a deal for you. I think that is terrific, but why does that never happen for me.

Phill12 · Nov 15, 2006

owning more than one timeshare

I do not understand unless most of you owners are rich retired folks how you can own so many timeshares! We own one and just rec MF bill for $766.00 for 2007 up from $718.00.

How can someone first pay out all that money at the first of the year and also find time and money to go to these places.

Others talk about having to sell one of their unit like it is no big deal to sell one when people out there can't sell theirs at all!

This sounds more like smoke being blown up you know what!

Some of you talk about owning 15 or more timeshares and unless your in the timeshare sales it makes no since! Just saying you have 15 would mean you pay out about $7500-$10,000 a year in MF.

We have been thinking about a second timeshare at our resort but there is no plus to paying out $1532.00 in MF a year.

:wave:

rickandcindy23 · Nov 15, 2006

Yep, we are nuts.

We own 14 weeks, but we have lots of vacation and like the benefit of staying in a timeshare over a hotel. We love Disneyworld and will go about 9 weeks this year. Sounds a little crazy, but we would spend a lot more on a vacation home, and unless you buy a trailer, you cannot move those things around much.

We are close to retirement about now. We have about seven more years before we give up our little business and Rick retires from the firehouse. When we are able to travel more, we probably will not travel more than we did this year. Our RCI points account was a necessity in keeping us from losing weeks from lack of use. We can PFD three of our weeks, two are in points already, so we have a ridiculous number of RCI points (227,300) that we have actually used for airfare to Hawaii. Hey, we had them, so we used them. It worked out okay and actually was a savings over the airfares for July, which were almost $800 RT. We paid about $700 RT with PFD points (though the bulk of the points we used were much less @.0076 each), but we were going to lose them, so we saved a little.

To bring this back to topic, I am amazed that your week was annual use, you lucky guy. When you go, let me know what the one bedrooms are like and if there are newer ones. We own an EOY Odd and I would definitely like to know if they are all older. Our one bedroom is in building 2, pretty old.

I need another timeshare like I need ...

T_R_Oglodyte

Spence

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