Thinking of buying

[OldPantry]

I think you took wrong what I said. First, I have seen numerous posts where people have said one could usually rent cheaper than the MFs are. I never said that, but I found after checking it was not true. Read my post again. As far as being flexible I was comparing these checks to my resorts at the times I had reservations at my 0wn resorts.

I wasn't complaining about anything only comparing what I have found comparing renting to owning. Owning works for me and I don't expect anyone to subsidize my vacations.

Fair enough. Still, have you included ALL the costs of your timeshare ownership when you conclude that renting is an inferior option? I own a couple of timeshares myself, and enjoy them thoroughly. But, they are, analyzed realistically, extremely expensive.

 

[OldPantry]

Don't buy a bad timeshare. Buy a profitable timeshare. There are plenty and an educated consumer knows where to find them.

Can you promise me that I'll be able to rent a 2-bedroom condo with a beautiful view on HHI Memorial Day week for $1,100 (add 3% per year if you'd like) 10 years from now? If you can get it for essentially the transfer cost why is that a bad financial deal?

Just be smart about your purchase.

Well, I've been toying with this idea recently. I'd considered buying a bunch of timeshares on the resale market and using them to generate a nice income stream. For example, I saw a 1BR ski platinum week from Timber Lodge available for $5900. That sounded choice: pay about $800/year in maintenance, and rent it out for up to $1400 (as advertised on Redweek). Do that, then repeat till rich.

Then a dose of reality:

1. That $1400 is more like a best case price (aside from the super-platinum Christmas weeks, which cost vastly more to purchase). I see other winter weeks available for $1100-1200, and those are merely asking prices. Maybe you end up renting for $1000. 2. There is opportunity cost in the purchase (roughly $6500 with closing costs, which would earn at least 5% if directed to another investment like bonds). Call that $325/year. 3. Add in county taxes, at least $125. Now that $1400 rental looks less enticing. Sure, it might be a a bit over a 5% return on your investment, but with lots of risk and aggravation. I wouldn't think of owning for rental without a reliable return of 10% or more on the initial investment. With steadily rising maintenance fees, I really wonder whether the game of timeshare rental as an investment will ever work. Is anybody out there really making good money, once all the true costs are factored in? If so, PLEASE, let me know how you're doing it? Denise?

 

[EKniager]

Well, I've been toying with this idea recently. I'd considered buying a bunch of timeshares on the resale market and using them to generate a nice income stream. For example, I saw a 1BR ski platinum week from Timber Lodge available for $5900. That sounded choice: pay about $800/year in maintenance, and rent it out for up to $1400 (as advertised on Redweek). Do that, then repeat till rich.

Then a dose of reality:

1. That $1400 is more like a best case price (aside from the super-platinum Christmas weeks, which cost vastly more to purchase). I see other winter weeks available for $1100-1200, and those are merely asking prices. Maybe you end up renting for $1000. 2. There is opportunity cost in the purchase (roughly $6500 with closing costs, which would earn at least 5% if directed to another investment like bonds). Call that $325/year. 3. Add in county taxes, at least $125. Now that $1400 rental looks less enticing. Sure, it might be a a bit over a 5% return on your investment, but with lots of risk and aggravation. I wouldn't think of owning for rental without a reliable return of 10% or more on the initial investment. With steadily rising maintenance fees, I really wonder whether the game of timeshare rental as an investment will ever work. Is anybody out there really making good money, once all the true costs are factored in? If so, PLEASE, let me know how you're doing it? Denise?

Find one that really rents for >$2,500 with $1,100 MFs, i.e. Aruba.

No. Eric.

 

[Pens_Fan]

Find one that really rents for >$2,500 with $1,100 MFs, i.e. Aruba.

No. Eric.

Aruba's MF are now close to $1400.

 

[Lardan]

I suppose there are many here that have thought about buying a "bunch" of weeks, renting them out, and making some money. To me the ROI is just not there to take the risk and put-up with the headaches.

I read there are exceptions with Aruba the one I read about the most often. Even so, to pay out the money to get started is way too risky for me.

 

[kjd]

The true speculator would buy "a bunch of weeks" at a cheap price (Which can be done); then rent the weeks at a profit over the maintenance fees (which can also be done) and then sell out at a much higher price. The speculator reaps their biggest profit at the end or they would not make the investment.

The fool would buy "a bunch of weeks" at a cheap price; rent the weeks with no guarantee that the rentals would cover the maintenance fees in the future; and then sell the weeks in the future for less than what they paid for them. (A very likely possibility)

No one can guarantee that rental rates or prices will go up. In fact, both are likely to go down in the future. Marriott would have hung on to their timeshare business if they thought that the timeshare market was headed up in the future. The spinoff is Marriott's answer to limiting their future exposure to a declining timeshare market while continuing to collect fees.

 

[kds4]

Hey everyone!

So I've been doing some research on buying a timeshare and have been directed to look into Marriot based off of the type of traveling that I do. I've been trying to get as much info as I can but feel I'm still kind of confused on Marriots system. When I go to the website, it appears they are set up on a point system but when I look at buying resale they are talking about buying certain weeks. Do you use your points like the DVC does (so many points per week you want to stay) or are you locked into traveling a certain week/weeks out of the year?

Also, how easy is it for you to use the timeshare and trade for other destinations? I more than likely won't be at my home resort every year (my husband and I love to travel around and would love to have the option of going to Europe etc. in the future.)

Any thoughts/ideas would be greatly appreciated!

Good for you for considering timeshare ownership. While there are many more folks on TUG who are more knowledgeable about this topic than I am, I can tell you my experiences with Marriott, and more especially as a Marriott timeshare owner. My family had a non-Marriott timeshare in Florida when I was growing up (decades ago). Back then, you owned a fixed week (Christmas to New Years for us). You could not change your week to another time of year and you could not exchange your week to go anywhere else. Nevertheless, I have many great memories from those annual trips with my parents and siblings.

Flash forward to 2008. We received a random phone call from a Marriott representative offering us a preview package to come to Orlando for 4 days/3 nights for $199. All we had to do is sit through a 90 minute timeshare presentation. We had been planning on taking our young kids to Orlando and they were just old enough that we thought they would enjoy it. Also, I have been a long-term patron/member of Marriott Hotels and their Marriott Rewards program when I travel. (This is significant later.)

So, we did the presentation in January of 2009 and stayed at Marriott Harbour Lake (then Horizons). We did the sales center presentation and got the official chauffered golf cart tour of Grande Vista. We liked everything we heard and knew we were interested in a 3BR lock-off unit. (This is also significant later.)

Then we got to the numbers. $36,000 for a 3BR Lock-Off in Gold Season.

Needless to say, we did not make a purchase. However, the seed was planted and I immediately began to explore the resale market. While I had been an active Ebay user for some time, and saw many purchase opportunities available, I wasn't confident enough to make a real estate purchase that way and moved on to studying timeshare resale websites.

They are easy to find with a key word search on Google, and I eventually found a site that had promising listings for Grande Vista, which is what we had settled on as our target. While we loved the kid friendly atmosphere at Harbour Lake, we were committed to a 3BR unit and Harbour Lake only goes up to 2BR units. We knew we would be making many trips to Disney over the next several years. We knew we wanted a 3BR Lock-Off (which most Marriott timeshare resorts offer up to 2BR only, and many do not Lock-Off), and Grande Vista and Harbour Lake were known quantities to us (having stayed/visited them as opposed to other unseen Marriott locations).

I eventually located a Grande Vista 3BR Platinum Lock-Off with an asking price of $13,000. While this was still a lot to me, it was a lot better than $36,000. The unit was being sold by the owners incident to a divorce. Negotiating through their realtor on the resale website, we settled at $11,500 with them paying closing costs, upcoming maintenance fees, and us getting the current year's usage. All of those concessions added value in reducing our overall purchase cost. We were happy.

So, how have we used our purchase?

1. We have used the entire 3BR unit at Marriott Grande Vista with family/friends.
2. We have locked-off our unit into a 2BR and Studio taking separate trips. With kids we have used the 2BR. When it's just she and me, we don't need as much room to make we, so the studio (if not upgraded) is plenty for the 2 of us.
3. We have locked-off our unit and deposited it with II to exchange. This has enabled us to double our time through locking off. We have even nearly quadrupled our time by using an II benefit called Short-Stay Exchange, where each of our deposits can be split again into trips of up to 6 nights each. Our 3BR has gone from being one 7 night trip, to locking off into two 7 night trips, to be split again into four trips of up to 6 nights each (or 24 nights). That is how you can leverage your timeshare ownership purchase/maintenance fee costs.
4. As Marriott owners we have stayed at Grande Vista, Harbour Lakes, Ocean Watch, and this next year will be exchanging to a resort in the Caribbean on the island of Curacao. :whoopie:

When Marriott rolled out their points program, we did the presentation, chose to enroll our week, but not to buy additional points. The primary reason we enrolled our week, was to have the added option of being able to exchange our week every other year for 135,000 Marriott Rewards points. Previously, only purchases made through Marriott offered this benefit, but there was a window (which is closed now, but may open again in the future) to gain this benefit for resale weeks. When I do work or other personal travel, we use Marriott Hotels, so this had value for us

Then, my wife and I got to thinking, we have 2 kids and only 1 week. This is deedable real estate and can pass through our estates to our kids. They struggle with sharing, perhaps we should expand our ownership to have something for each of them.

This time I was ready to take another look at Ebay. We found a 3BR Lock-Off at Grande Vista that is Gold Season. We bid and won at $1,997. Marriott waived their Right of First Refusal (ROFR) a week ago, and we are moving to closing hopefully by year-end. While not a platinum week, owning a gold week as our second week expands our usage potential by effectively covering the entire calendar of when we might want to visit our home resort without having to try to exchange between seasons. While the gold week will not be enrolled in the Marriott points program, and cannot be exchanged for Marriott Rewards points every other year, like our Platinum week can; we know we can always swap our Platinum for points, and have our Gold week for usage that year. Buying this second unit as inexpensively as we have, also reduces our average purchase cost per week. (I won't get into the relative values of Gold versus Platinum, because they are just that - relative).

If there is anything I am trying to get across to you by all of this, it is that there are a lot of ways to use a Marriott timeshare. The more options you explore, the more likely you are to be happy with your purchase. I do not recommend buying points from Marriott. I recommend buying a week (often referred to as a legacy week - because in almost every case, Marriott no longer sells new weeks of ownership, and resale weeks available through them are diminishing (and still overpriced).

One last piece of advice. If you are going to be interested in exchanging, pay attention to not only the resort but also the location you buy into. Orlando has a great supply of timeshare properties (some would even say a glut), however we have always found it to be a strong location to trade from. There is much demand for Orlando. On the other hand, while Branson, MO may be a nice place to visit; you may not find it a strong location to try to trade out of if you owned there.

Marriott is anything but a perfect company, yet I would not choose to own my timeshare with anyone else.

The End.

:deadhorse:

 

[MOXJO7282]

Well, I've been toying with this idea recently. I'd considered buying a bunch of timeshares on the resale market and using them to generate a nice income stream. For example, I saw a 1BR ski platinum week from Timber Lodge available for $5900. That sounded choice: pay about $800/year in maintenance, and rent it out for up to $1400 (as advertised on Redweek). Do that, then repeat till rich.

Then a dose of reality:

1. That $1400 is more like a best case price (aside from the super-platinum Christmas weeks, which cost vastly more to purchase). I see other winter weeks available for $1100-1200, and those are merely asking prices. Maybe you end up renting for $1000. 2. There is opportunity cost in the purchase (roughly $6500 with closing costs, which would earn at least 5% if directed to another investment like bonds). Call that $325/year. 3. Add in county taxes, at least $125. Now that $1400 rental looks less enticing. Sure, it might be a a bit over a 5% return on your investment, but with lots of risk and aggravation. I wouldn't think of owning for rental without a reliable return of 10% or more on the initial investment. With steadily rising maintenance fees, I really wonder whether the game of timeshare rental as an investment will ever work. Is anybody out there really making good money, once all the true costs are factored in? If so, PLEASE, let me know how you're doing it? Denise?

It can and is done by many, myself included, but the bottom line is it takes money to make money.

First off, IMHO it has to be a 2BDRM with view at a prime location and season. Forget 1BDRM units, they're in abundance and don't rent for nearly as much as 2BDRMs do.

An example, a Maui Marriott 1BDRM OF winter week with a approx $1700 MF can be rented for $1900-$2200 for a possible net of $500. A 2BDRM OF winter week with MFs of $1900 will rent for $3k-$3.5K with a possible net of $1100-$1600.

Yes the 2BDRM unit will cost about 2x more, but in the long run the return on 2BDRMs is significant.

More examples:
Aruba Surf 2BDRM OV can be purchased for about $13K with MFs of less than $1400 and will rent for $3k.

Newport Coast 2BDRM plat can be bought for as little as $7500. MFs are less than $1100 and a summer week rents easily for $1900.

Grand Ocean HHI - Gold OF can be purchased for as little as $8k-$9k. MFs again less than $1100 or there abouts. Rents easily for $2k +

So it can be done, but as I said it takes money to make money. It also takes patience because your ROI will take some time to turn positive.

 

[EKniager]

No one can guarantee that rental rates or prices will go up. In fact, both are likely to go down in the future. Marriott would have hung on to their timeshare business if they thought that the timeshare market was headed up in the future. The spinoff is Marriott's answer to limiting their future exposure to a declining timeshare market while continuing to collect fees.

I think your flaw here is thinking that the "rental" model and the "timeshare ownership" model are related. Marriott made money selling timeshare ownership. Currently, developer sales are down and that market is no longer as profitable for them so... adios it goes.

Renting a 2-bedroom condo or a hotel suite or timeshare, call it what you want, is not likely to go down long term. Sure, short term, demand is down (although you wouldn't know that if you visited The Sanctuary on Kiawah and the Ritz Carlton Amelia Island recently). Unless there is a total collapse of the world economy, middle class households will eventually fix their balance sheets and enjoy vacations, again. Demand will recover and catch up, and eventually exceed supply (as new construction is way down). Do you pay the same price for a Marriott hotel room in, let's say Boston in 2011, as you did in 1980 or '90? Can't happen. Energy, labor, maintenance, insurance, etc., are not going down.

Selling TS units for $25K may be a thing of the past for developers but profitable opportunities will always exist for those who can buy wisely from those in distress. As a very wealthy friend of mine always says, "The profit is in the purchase!"

 

[timeos2]

It can and is done by many, myself included, but the bottom line is it takes money to make money.

First off, IMHO it has to be a 2BDRM with view at a prime location and season. Forget 1BDRM units, they're in abundance and don't rent for nearly as much as 2BDRMs do.

An example, a Maui Marriott 1BDRM OF winter week with a approx $1700 MF can be rented for $1900-$2200 for a possible net of $500. A 2BDRM OF winter week with MFs of $1900 will rent for $3k-$3.5K with a possible net of $1100-$1600.

Yes the 2BDRM unit will cost about 2x more, but in the long run the return on 2BDRMs is significant.

More examples:
Aruba Surf 2BDRM OV can be purchased for about $13K with MFs of less than $1400 and will rent for $3k.

Newport Coast 2BDRM plat can be bought for as little as $7500. MFs are less than $1100 and a summer week rents easily for $1900.

Grand Ocean HHI - Gold OF can be purchased for as little as $8k-$9k. MFs again less than $1100 or there abouts. Rents easily for $2k +

So it can be done, but as I said it takes money to make money. It also takes patience because your ROI will take some time to turn positive.

And any of those that require air fare could, much like Hawaii has, suddenly become nearly impossible to rent at any price because people won't/cannot pay for the inflated air fare costs. Plus annual fees for that type of remote/inaccessible location often rise far faster than even the already high amount seen at land accessible resorts.

In other words there are far too many variables completely outside the control of the prospective owner most of which tend to make the possibility of on going profits extremely unlikely. As another post said when even the major players like Marriott choose to remove themselves from direct ownership/management after what must have been billions in investments in favor of a royalty type setup the chances of a small player beating the game are slim indeed.

Go ahead and buy up some of the unbelievably low - but still falling - offers but even those at the best times, places and resorts are unlikely to worth what they are selling for today in 3 years. Nor are the rental rates likely to hold while fees and other expenses are guaranteed to rise. Not a recipe for making a dime but one that will almost surely lead to a ongoing obligation with no cheap way out. Do it - the resorts will love getting new paying owners - to USE - any other idea is 99% likely to fail badly. The odds are not with you. That doesn't even consider that when you really total all the expenses vs even optimistic rental rates (NEVER easy to get - zero guarantee of any rentals) the percentage return is pitiful. Simply not worth the significant risk.

 

[OldPantry]

The true speculator would buy "a bunch of weeks" at a cheap price (Which can be done); then rent the weeks at a profit over the maintenance fees (which can also be done) and then sell out at a much higher price. The speculator reaps their biggest profit at the end or they would not make the investment.

The fool would buy "a bunch of weeks" at a cheap price; rent the weeks with no guarantee that the rentals would cover the maintenance fees in the future; and then sell the weeks in the future for less than what they paid for them. (A very likely possibility)

No one can guarantee that rental rates or prices will go up. In fact, both are likely to go down in the future. Marriott would have hung on to their timeshare business if they thought that the timeshare market was headed up in the future. The spinoff is Marriott's answer to limiting their future exposure to a declining timeshare market while continuing to collect fees.

Yup. I've ended up with that identical conclusion. Even looking at those juicy rentals in Aruba, I see a number of dead spots: platinum rentals at or below $2500. Considering that the cheapest resales go for $17,000 and up, the investment begins to look shaky. Sure, pulling in $3,000-6000 sounds great. But can you really reserve those choice weeks? And will rentals stay sky-high for the long run? There are a ton of offerings on Redweek; are people really getting their asking prices? As you say, buying a bunch of stuff, even if sharply discounted, makes little sense if MFs are headed steadily higher (see that $300 jump Penns_Fan mentions), rentals steadily lower, and resales perhaps heading to the basement. I'll stick with my bonds.

 

[BocaBoy]

And any of those that require air fare could, much like Hawaii has, suddenly become nearly impossible to rent at any price because people won't/cannot pay for the inflated air fare costs.

Hawaii has become nearly impossible for an owner to rent? What do you base that on? I typically do not rent my Hawaii weeks but I always have people approaching me to see if they can rent a week. I can nearly cover my Maui maintenance fees by renting the studio side of a 2BR lockoff. Even my "family discount" price for the studio is $1400/year. This has not gotten more difficult over the past 5 or 6 years that we have owned there.

 

[timeos2]

Hawaii has become nearly impossible for an owner to rent? What do you base that on? I typically do not rent my Hawaii weeks but I always have people approaching me to see if they can rent a week. I can nearly cover my Maui maintenance fees by renting the studio side of a 2BR lockoff. Even my "family discount" price for the studio is $1400/year. This has not gotten more difficult over the past 5 or 6 years that we have owned there.

Three or four years ago Hawaii was a near impossible trade and a hefy premium to rent. Now, with the economy woes and the run up in air fares as well as airline failures/closures/cutbacks a trade is almost at will - closer to Branson than a good west coast location and rentals have dropped in price dramatically - some to the fees or less. If air fare /oil prices rise again it can and likely will get worse not only there but any location where driving isn't an option. Meanwhile the same cost factors push fees up in those locations even more than the average resort. Is that the owners fault? Can they control it? Of course not, but they suffer. And if you bought there to rent or trade it isn't a deal anymore and may be extremely hard to unload.

It is a great example of why even low cost timeshares purchase even at a great resort in paradise for anything but owner use is a very risky idea.

 

[MOXJO7282]

And any of those that require air fare could, much like Hawaii has, suddenly become nearly impossible to rent at any price because people won't/cannot pay for the inflated air fare costs. Plus annual fees for that type of remote/inaccessible location often rise far faster than even the already high amount seen at land accessible resorts.

In other words there are far too many variables completely outside the control of the prospective owner most of which tend to make the possibility of on going profits extremely unlikely. As another post said when even the major players like Marriott choose to remove themselves from direct ownership/management after what must have been billions in investments in favor of a royalty type setup the chances of a small player beating the game are slim indeed.

Go ahead and buy up some of the unbelievably low - but still falling - offers but even those at the best times, places and resorts are unlikely to worth what they are selling for today in 3 years. Nor are the rental rates likely to hold while fees and other expenses are guaranteed to rise. Not a recipe for making a dime but one that will almost surely lead to a ongoing obligation with no cheap way out. Do it - the resorts will love getting new paying owners - to USE - any other idea is 99% likely to fail badly. The odds are not with you. That doesn't even consider that when you really total all the expenses vs even optimistic rental rates (NEVER easy to get - zero guarantee of any rentals) the percentage return is pitiful. Simply not worth the significant risk.

I think you're absolutely right..... for all TSs other than Marriott 2BDRM prime resorts and weeks. Those are very, very easy to rent at premium prices That is what my almost 10 years of experience renting prime Marriott weeks continues to tell me.

We had such a great run in the first 6 years of our ownership and then the economy crashed and I thought for sure I'd be stuck with weeks I couldn't rent. Well that never happened. Last year we had our best year ever and we could easily rent every one of my weeks multiple times over they are in such high demand. If we got through 2008-2010 its not going to get worse than that and we didn't even experience a hiccup.

So far we've already rented all our 2012 Maui, Aruba and MOW weeks at my very close to asking price. So prime Marriott weeks are in fact very easy to rent.

Also without going into detail your comment and the "return being pitiful" is inaccurate.

 

[m61376]

Yup. I've ended up with that identical conclusion. Even looking at those juicy rentals in Aruba, I see a number of dead spots: platinum rentals at or below $2500. Considering that the cheapest resales go for $17,000 and up, the investment begins to look shaky. Sure, pulling in $3,000-6000 sounds great. But can you really reserve those choice weeks? And will rentals stay sky-high for the long run? There are a ton of offerings on Redweek; are people really getting their asking prices? As you say, buying a bunch of stuff, even if sharply discounted, makes little sense if MFs are headed steadily higher (see that $300 jump Penns_Fan mentions), rentals steadily lower, and resales perhaps heading to the basement. I'll stick with my bonds.

Keep in mind that many of the lower priced rentals are for reservations closer in. Since Joe does have first hand experience renting in Aruba and elsewhere I'd accept his numbers at face value. I do know that there was a time when rental rates there were even higher and I also see that the rental rates from Marriott.com have crept up a bit this year.

As the economy rebounds (which it inevitably will) people will return to vacationing, as many have already since it was only so long that they were putting off taking a vacation. What I seem to see is that people are vacationing but cutting back on expenses- perfect fodder for the timeshare model, since kitchen facilities allows one to have a great vacation but cut costs.

btw- the $300 increase in MF's which you mention- while certainly a very significant percentage increase- was primarily due to increasing reserves and, what is overlooked, followed 2 years of small declines. Put in that perspective, averaged out it would be in the 3-4% a year range. And I do suspect that in this market an OV Plat. week could be purchased for less than 17K on the resale market.

That said, while there are those (like Joe) who clearly have been successful renting, I don't think I would personally buy to get into the rental business, but if my intention was to use most of the time and supplement my usage with renting, I do think that now is a great time to buy if you buy carefully (with the intent to use, buying where and when you want to go, and if with the intent of renting part of the time, with an eye on buying a high demand location).

I really do believe there is continued value in high end timeshare properties (like Marriott) which impart a true resort vacation experience. While the naysayers are correct in that MF's will go up, hotel rentals will rise as well and likely (from what I've seen) at a higher rate. A non-holiday Feb. week with the 25% off no-frills hotel rate is about 5K for an OV room and about 4K for a studio at the SC on Marriott.com; in comparison, 3K for a 2BR villa with a view of the same ocean and on the same beach becomes a relative bargain.

 

[BocaBoy]

Three or four years ago Hawaii was a near impossible trade and a hefy premium to rent. Now, with the economy woes and the run up in air fares as well as airline failures/closures/cutbacks a trade is almost at will - closer to Branson than a good west coast location and rentals have dropped in price dramatically - some to the fees or less. If air fare /oil prices rise again it can and likely will get worse not only there but any location where driving isn't an option. Meanwhile the same cost factors push fees up in those locations even more than the average resort. Is that the owners fault? Can they control it? Of course not, but they suffer. And if you bought there to rent or trade it isn't a deal anymore and may be extremely hard to unload.

Wow. You are comparing Hawaii to Branson? Any other "facts" you want to make up? Do you even own a Marriott timeshare?

 

[GregT]

Three or four years ago Hawaii was a near impossible trade and a hefy premium to rent. Now, with the economy woes and the run up in air fares as well as airline failures/closures/cutbacks a trade is almost at will

A trade into Hawaii is almost at will?

I've been waiting six months now for a trade to clear to trade my Maui Ocean Club Studio deposit back into another Maui Ocean Club Studio for June 2012.

This is what I have going for me:

1. Home Resort Preference
2. Like for Like
3. Deposit is a TDI 140 week
4. Deposit made months before check-in, so no loss of trade power

Yet, here we are on November 12th, and no successful trade....hmmm....

Perhaps someone can trade into a different Hawaii property or into a shoulder season, but trading into MOC in summer remains difficult for me at least (but I do need a specific check-in....so that has to be a factor).

Best,

Greg

 

[hipslo]

For the sixth year in a row, I have been able to rent all of my platinum Mountainside weeks that I have not been able to use personally, all for at least 1600 over maintenance fees, and some for as much as 2200 over maintenance fees. Some of those rentals have even been back to Marriott through the rental program. Rental rates have held more or less steady from year to year. I often get emails from prior renters asking if I have anything available for the current year. Usually by then all of my weeks have been rented already. I have never not been able to rent a week for at least 1600 over mfs.

These weeks are currently readily available for purchase on the resale market for 16,000 or less. Thats a 10% ROI.

Your mileage may vary.

 

[SueDonJ]

(Nothing to do with the thread topic but mods don't always read every post. If you want to call their attention to something, click on that little triangle in the bottom left corner of the post.)

 

[DeniseM]

Moderator, please strike this derogatory political statement.

Moderators do not read every post, in every forum. To report a post that violates the TUG Posting rules, please click on the red triangle in the bottom left corner of the post.

I have deleted a number of political posts from this thread - the next one will result in the thread being closed.

 

[DeniseM]

My own 2¢ worth: I have no problem renting my 2 bdm. Westin Ka'anapali TS (Maui) for $3,600 a week. 2012 was rented months ago - more than 8 mos. out from check-in.

People who will pay $3,600 a week for a vacation have not been as impacted by the economy as the Motel 6 crowd. There is still plenty of demand for luxury rentals.

 

[GaryDouglas]

Moderators do not read every post, in every forum. To report a post that violates the TUG Posting rules, please click on the red triangle in the bottom left corner of the post.

I have deleted a number of political posts from this thread - the next one will result in the thread being closed.

Thank you. I'm afraid I'll probably have to click on that button too many times over the next 12 months. I never used it before, but the times will probably demand it. Thanks again...

 

[Beefnot]

Moderator, will you delete the prior post? I am offended and it is off topic.

 

[DeniseM]

Moderator, will you delete the prior post? I am offended and it is off topic.

NO

Here are the TUG Posting Rules, in case you aren't familiar with them - http://www.tugbbs.com/forums/tug_rules.php

 

[Beefnot]

Thanks for the response Denise, but ah, I still won Ok now we can get back on topic