• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 years!

    Join Tens of Thousands of other owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Wyndham Timeshares resales will cost less due to virus fallout

Also, to unload all 9 contracts was expensive on my end, time consuming and just a hassle. Renting has no hassles. You rent and move on. No strings attached.


Sent from my iPad using Tapatalk
 
Well ... that is good for you. It leaves out about a zillion other vacationers, who do own timeshares and definitely know how it works out "best" for them, and in many cases blows the doors off of equivalent rentals.

And that’s good too. I always respect those who own. I just choose not to and find it works best for me. You would have others who agree with you as I have others who agree with me. Different strokes for different folks. And that’s ok.


Sent from my iPad using Tapatalk
 
And that’s good too. I always respect those who own. I just choose not to and find it works best for me. You would have others who agree with you as I have others who agree with me. Different strokes for different folks. And that’s ok.


Sent from my iPad using Tapatalk
I agree on renting. The way I travel its cheaper for me to rent then to pay maintenance fees. Also I like no commitment to the finacial burden of paying maintenance fees. Especially now with the resorts all closed but fees continue.
 
No, I had other issues with owning as well. What I am saying is it’s very rare from my experience to have a bad rental.
And there are a zillion timeshare owners who will say, "I have had no issues with owning."

So instead of a media headline like, "in times like this renting is confirmed as best," tell the truth and limit your statements about timeshares to your personal experience, which is definitely not every timeshare owners' experience.

My timeshare experience is there is NO WAY I could rent what I get through my ownership at 3 times the cost as a rental. (Sure, this is not typical, but it is one data point to suggest "renting is confirmed as best" is baloney.)
 
And there are a zillion timeshare owners who will say, "I have had no issues with owning."

So instead of a media headline like, "in times like this renting is confirmed as best," tell the truth and limit your statements about timeshares to your personal experience, which is definitely not every timeshare owners' experience.

My timeshare experience is there is NO WAY I could rent what I get through my ownership at 3 times the cost as a rental. (Sure, this is not typical, but it is one data point to suggest "renting is confirmed as best" is baloney.)

Zillions of happy owners makes me happy.

That’s because I own shares of WYND and have been buying a lot more lately on the dips. The dividends are used for travel. I like happy owners locked into contracts making regular payments to WYND. Testimonials like yours makes me even more energized to increase my position.

I love to rent and invest and collect dividends. You love to own and enjoy your purchase and make your regular payments. It’s all good. Both parties are happy.


Sent from my iPad using Tapatalk
 
Zillions of happy owners makes me happy.

That’s because I own shares of WYND and have been buying a lot more lately on the dips. The dividends are used for travel. I like happy owners locked into contracts making regular payments to WYND. Testimonials like yours makes me even more energized to increase my position.

I love to rent and invest and collect dividends. You love to own and enjoy your purchase and make your regular payments. It’s all good. Both parties are happy.


Sent from my iPad using Tapatalk
Whats nice about rentig is I pick and choose what and when I pay. Nothing wrong with buying up to priviledges if it works . It can be both justified or considered to costly depending on what you want to make of it. I personally know the numbers are cheapet for me booking in the 60 day discount window and renting vs paying maintenance fees as a non vip.
 
And there are a zillion timeshare owners who will say, "I have had no issues with owning."

So instead of a media headline like, "in times like this renting is confirmed as best," tell the truth and limit your statements about timeshares to your personal experience, which is definitely not every timeshare owners' experience.

My timeshare experience is there is NO WAY I could rent what I get through my ownership at 3 times the cost as a rental. (Sure, this is not typical, but it is one data point to suggest "renting is confirmed as best" is baloney.)
My experience as a owner justifies renting vs paying maintenance fees. I did sell all Wyndham but in process of becoming a Worldmark owner. I will let you know if experience with Worldmark works out better then owning Wyndham. Renting or owning we can all agree the resorts are cheaper either way then staying at a hotel room. The comforts cant be beat.
 
There it is. A far cry from "renting is confirmed as best."
I think the point your missing is its best for his circumstances. Personal choice differs depending on ones travel habits. What works for you may not be for everyone. Just learn the system and make it work for your situation is all @Fredflintstone is saying.
 
No, I had other issues with owning as well. What I am saying is it’s very rare from my experience to have a bad rental. Actually, I have rented over 100 times and only had one bad experience where the place was left uncleaned from the last group and they didn’t rectify the issue. Every other one has been just as described.

With TS, I only had one reservation problem. The other dozens of times it was fine. However, my experiences of special assessments, ridiculous policies, high pressure owner updates, outrageous MFs way outwayed anything I have had with renting. So, I still see renting as confirmed best based on my experiences.


Sent from my iPad using Tapatalk
It is also my experience that renting is a great way to enjoy the resorts without the burden or commitment of paying maintenance fees. I have found requests for ocean front or certain room views are also granted more often as a renter compared to when I was a owner. They tend to cater to the next mark and grant these requests hoping to sell them a developer purchase.
 
It is also my experience that renting is a great way to enjoy the resorts without the burden or commitment of paying maintenance fees. I have found requests for ocean front or certain room views are also granted more often as a renter compared to when I was a owner. They tend to cater to the next mark and grant these requests hoping to sell them a developer purchase.

I have run into that a few times where I noticed the renter was treated better than the owner because they are trying to get them signed up. As an example, I stayed at a Marriott timeshare in California once that I got for 900 a week. I asked for an upgrade and got one of the best suites in the house for a 90 minute presentation. The owner behind me overheard what I did and asked the same question. He was told points owners don’t qualify for that deal. They can, however, get 100 bux if they attend an Update.


Sent from my iPad using Tapatalk
 

Getting back to whether deals will be had on the resale front, I do see smokin deals coming. The article above put out by a management company talks about how important it is to convert people to owners. That is the end goal because it’s the regular MF income that really sustains a resort. Many times, the resort would rather give away the timeshare contract because the harvesting of regular MF and fees way outweighs the price of the timeshare. That’s why sites like timesharenation.com exist. There, you can get a free resale and pay zero in transfer fees. Yes, you need to scour as there is junk there too. However, I have seen Wyndham gems the odd time that would be worth owning if one chooses to be an owner.

Knowing that some resorts and owners are hungry to dump means a person who wants to own is in the drivers seat and can name their price. I have been amazed on eBay where I will see 2 ads on the same resort, both Gold or platinum with wide ranging prices. One ad wants 4 k while the other starts at a buck. Look around. If there is a resort you want to buy, you will get a great deal. Frankly, I wouldn’t pay more than a buck if I was in the market. That’s because timeshares are easy to buy but brutal to get rid of. It comes down to simple supply and demand.


Sent from my iPad using Tapatalk
 

Getting back to whether deals will be had on the resale front, I do see smokin deals coming. The article above put out by a management company talks about how important it is to convert people to owners. That is the end goal because it’s the regular MF income that really sustains a resort. Many times, the resort would rather give away the timeshare contract because the harvesting of regular MF and fees way outweighs the price of the timeshare. That’s why sites like timesharenation.com exist. There, you can get a free resale and pay zero in transfer fees. Yes, you need to scour as there is junk there too. However, I have seen Wyndham gems the odd time that would be worth owning if one chooses to be an owner.

Knowing that some resorts and owners are hungry to dump means a person who wants to own is in the drivers seat and can name their price. I have been amazed on eBay where I will see 2 ads on the same resort, both Gold or platinum with wide ranging prices. One ad wants 4 k while the other starts at a buck. Look around. If there is a resort you want to buy, you will get a great deal. Frankly, I wouldn’t pay more than a buck if I was in the market. That’s because timeshares are easy to buy but brutal to get rid of. It comes down to simple supply and demand.


Sent from my iPad using Tapatalk

The irony in your example is that specific management company really is more focused (as their tagline highlights) on "A robust rental program offers long-term self-sufficiency and financial health"....

which is a thesis that is about to be severely challenged given the current crisis. Thru ResortQuest (their rental program) they make far more revenue off the HOA having a healthy inventory of rental units than they would if that rental inventory converted to owned units. It puts them at cross-purposes with the HOA.
 
The irony in your example is that specific management company really is more focused (as their tagline highlights) on "A robust rental program offers long-term self-sufficiency and financial health"....

which is a thesis that is about to be severely challenged given the current crisis. Thru ResortQuest (their rental program) they make far more revenue off the HOA having a healthy inventory of rental units than they would if that rental inventory converted to owned units. It puts them at cross-purposes with the HOA.

Boy, is that true!

I once talked with an HOA and they put it this way.

Rentals are like unbroken mules who can either be a huge help or a big problem. They require work to try to break into ownership.

Owners, on the other hand, are trained mules. They are hooked up to the resort sleigh and do the pulling no matter the weather.

That’s why resales are so important. The money is constant even though it may be lower than rentals in good times. And that’s why buying resale is the way to go if you want a timeshare. They entice you with a cheap price or no price so you can get hooked on to the sleigh. The owner benefits by reduced costs regardless of economy. Many a Wyndham owner here can attest to the cost benefits of timeshare ownership. The renter benefits from freedom of choice, no locked in contracts, sniffing out the deal and cancelling or not travelling in tough times.

I have read many a resort collapse when the owner base is low. Owners are very important to keep the machine running especially in bad or challenging economic times.


Sent from my iPad using Tapatalk
 
Absolutely agree!

I’m a renter too for precisely the same reasons. As a renter, I can choose to vacation when I can. If I can’t for whatever reason, the money stays in the bank. I don’t need to fuss with MF, club dues, resorts telling me I own it so payment is due, etc.

Also, I choose the price point versus being told the price point through MF.

In short, in times like this renting is confirmed as best because I can choose to spend and go or not instead of paying MF, club dues, etc. And worrying about unloading the contract. In economies like this, cash once again is King.


Sent from my iPad using Tapatalk

I think we agree but we're coming at it from different directions. I rent as a lessor; you rent as a lessee.
 
I think we agree but we're coming at it from different directions. I rent as a lessor; you rent as a lessee.
Thats called making it work for your situation. Many owners are boxed in and have to rent just to cover maintenance fees.
 
Thats called making it work for your situation. Many owners are boxed in and have to rent just to cover maintenance fees.
It all comes down to what is most import in life. Time or money. Many owners were sold more points then they can use under the false pretense rent to pay all maintenance fees.
 
Boy, is that true!

I once talked with an HOA and they put it this way.

Rentals are like unbroken mules who can either be a huge help or a big problem. They require work to try to break into ownership.

Owners, on the other hand, are trained mules. They are hooked up to the resort sleigh and do the pulling no matter the weather.

That’s why resales are so important. The money is constant even though it may be lower than rentals in good times. And that’s why buying resale is the way to go if you want a timeshare. They entice you with a cheap price or no price so you can get hooked on to the sleigh. The owner benefits by reduced costs regardless of economy. Many a Wyndham owner here can attest to the cost benefits of timeshare ownership. The renter benefits from freedom of choice, no locked in contracts, sniffing out the deal and cancelling or not travelling in tough times.

I have read many a resort collapse when the owner base is low. Owners are very important to keep the machine running especially in bad or challenging economic times.


Sent from my iPad using Tapatalk
No worries if you don't own and just rent.
 
Lol I thought this thread was about Resale value not whether it makes sense to own or rent. Obviously, renting works for some and owning works for some. As for me, I’ve done both (rented through Airbnb/VRBO) and I prefer to own. Also, if I need to travel somewhere where there’s not a timeshare I can use, I prefer to use hotels now. It really comes down to personal preference. There’s not a “best” way.
 
Whats nice about rentig is I pick and choose what and when I pay. Nothing wrong with buying up to priviledges if it works . It can be both justified or considered to costly depending on what you want to make of it. I personally know the numbers are cheapet for me booking in the 60 day discount window and renting vs paying maintenance fees as a non vip.
Renting in the 60 day discount window is a cheap way to go. For us, it would never work. We book far in advance because we need certain size units at exactly the times we go. For “maybe” travelers renting is fine, but you have to take what you get. We like owning because it “forces” us to pre-plan, and with a family our size this is necessary.
Renting and timesharing are completely different. Renting has a lot of advantages, but didn’t work for us because we only went on one vacation for every 2-5 we talked about going on. There was always a reason we couldn’t or wouldn’t go. Owning Timeshares has kept us going and at exactly when we wanted to go. Both are great. As was said above, to each his own.
 
This is when the "it is cheaper to rent" mentality starts to come out in droves. Supply and demand.
 
If Obations is able to take on the increased supply, things might not change as drastically as they did in the Great Recession. The question is whether or not Wyndham curbs Ovations.
I have always wondered if Wyndham created Ovations because it was cheaper than going throw the foreclosure process.
 
Top