This will be my last post on the topic.
Buying timeshare makes sense when it's a place you want badly to come back to, the price is right (in my case, $500 on resale for a week that sold for $20,000 retail), you can trust the management company, and there is no competition in the area.
For our family with small grandkids on Cape Cod, the short stay in the city of Boston is a great treat. Dividing the mfs by the number of nights yields a better deal than hotels and gets you a unique downtown spot.
Plus it gets II membership with Getaways that can add value. Why the Getaways are available at all, plus why the rental inventory is available just begins to uncover the flim flam in the industry's use of owners' inventory.
In addition to that inventory reference, here's more on the bashing part: Someone paid $20,000 for this Marriott product and sold it to me for $500. so much for "You own it and can resell it." And don't bother me with the "It's only Right to Use in Boston" argument. The lease has decades more to run.
Ask most long time MVCI owners how they feel about the new points system and they will tell you it's a Marriott scheme to force owners to spend money again.
The vast majority of timeshare companies, with Wyndham almost certainly at the top of the list, sell their products with absolutely no regard for the truth about how it works in reality. The points systems that prevail were created to instill phony value in off season weeks, of which most resort areas have many many.
The points system also exists to get people into an entry level ownership in the day of the tour, despite the fact that they won't be able to use the tiny package at all and will throw more money into it down the road to try to get some value from "ownership."
I find it impossible to believe that people on TUG are giving the industry a free pass because the industry makes money. Where is the outrage about the ethical nether world that the companies inhabit?
Hyatt is certainly trying to salvage their reputation by getting out of the trenches and being "just the management company." While I believe Hyatt is the best of all timeshare systems, that's faint praise and that doesn't mean it hasn't been sullied with the reputation of the industry at large.
The industry has spawned some of the most criminal businesses around--from their own captive Shylock financing arms to postcard companies to travel clubs to you name it--their trade groups have done nothing really to stop these spinoffs.
I am done now and won't be responding further. Thank you.
Buying timeshare makes sense when it's a place you want badly to come back to, the price is right (in my case, $500 on resale for a week that sold for $20,000 retail), you can trust the management company, and there is no competition in the area.
For our family with small grandkids on Cape Cod, the short stay in the city of Boston is a great treat. Dividing the mfs by the number of nights yields a better deal than hotels and gets you a unique downtown spot.
Plus it gets II membership with Getaways that can add value. Why the Getaways are available at all, plus why the rental inventory is available just begins to uncover the flim flam in the industry's use of owners' inventory.
In addition to that inventory reference, here's more on the bashing part: Someone paid $20,000 for this Marriott product and sold it to me for $500. so much for "You own it and can resell it." And don't bother me with the "It's only Right to Use in Boston" argument. The lease has decades more to run.
Ask most long time MVCI owners how they feel about the new points system and they will tell you it's a Marriott scheme to force owners to spend money again.
The vast majority of timeshare companies, with Wyndham almost certainly at the top of the list, sell their products with absolutely no regard for the truth about how it works in reality. The points systems that prevail were created to instill phony value in off season weeks, of which most resort areas have many many.
The points system also exists to get people into an entry level ownership in the day of the tour, despite the fact that they won't be able to use the tiny package at all and will throw more money into it down the road to try to get some value from "ownership."
I find it impossible to believe that people on TUG are giving the industry a free pass because the industry makes money. Where is the outrage about the ethical nether world that the companies inhabit?
Hyatt is certainly trying to salvage their reputation by getting out of the trenches and being "just the management company." While I believe Hyatt is the best of all timeshare systems, that's faint praise and that doesn't mean it hasn't been sullied with the reputation of the industry at large.
The industry has spawned some of the most criminal businesses around--from their own captive Shylock financing arms to postcard companies to travel clubs to you name it--their trade groups have done nothing really to stop these spinoffs.
I am done now and won't be responding further. Thank you.