Any Guess

[ronparise]

Whats the thinking on the value of this; 1,000,000 points at Oceanside Pier, and is the stated mf ($5/1000) close

Club Wyndham Oceanside Pier-- 1,000,000 Points | eBay

Wyndham Points can be used at any Wyndham location! Club Wyndham Oceanside Pier. 1,000,000 Club Wyndham Points, Allocated January 1st of every year. WYNDHAM WILL TAKE SEVERAL WEEKS TO COMPLETE THEIR END OF THE TRANSFER.

www.ebay.com

 

[paxsarah]

Whats the thinking on the value of this; 1,000,000 points at Oceanside Pier, and is the stared mf ($5/1000) close

Club Wyndham Oceanside Pier-- 1,000,000 Points | eBay

Wyndham Points can be used at any Wyndham location! Club Wyndham Oceanside Pier. 1,000,000 Club Wyndham Points, Allocated January 1st of every year. WYNDHAM WILL TAKE SEVERAL WEEKS TO COMPLETE THEIR END OF THE TRANSFER.

www.ebay.com

According to the MF spreadsheet, the MF is $5.05 so that part's legit. I'm not a good judge of value/cost, though.

This reminds me that I had a conversation with someone in a FB group a week or two ago who was looking at (not sure if he was the winner of) a Midtown 45 contract with an abnormally low listed MF. It had to have been either a mistake or a biennial - but he DM'ed me the estoppel and Wyndham listed it as annual. It had to be wrong given the history of MFs there, but someone paid a *lot* for it. Way too much.

 

[bnoble]

I don't know whether or not ARP is important in the summer there. It might be for oceanfront, etc. I've booked there, and availability was fine, but I was not looking during summer.

I can't value it; I'd just be guessing. I saw Bonnet Creek clear about $10/K all-in for 300K in an open auction as a reference point when I was looking earlier today. Bonnet benefits from better name recognition, and the smaller contract is easier to sell, but it has higher fees (about $6.60 before program fee). Do with that what you will.

 

[WManning]

Whats the thinking on the value of this; 1,000,000 points at Oceanside Pier, and is the stared mf ($5/1000) close

Club Wyndham Oceanside Pier-- 1,000,000 Points | eBay

Wyndham Points can be used at any Wyndham location! Club Wyndham Oceanside Pier. 1,000,000 Club Wyndham Points, Allocated January 1st of every year. WYNDHAM WILL TAKE SEVERAL WEEKS TO COMPLETE THEIR END OF THE TRANSFER.

www.ebay.com

I hear beauty is in the eye of the beholder. All kidding aside I feel the larger the contract the less its worth. Its easy to find someone to take a 154,000 point ownership for free if maintenance fees are less then $85 per month. To find someone willing to pay $2/1000 for resale points and pay $500 a month in maintenance fees will be tougher. Especially now that resale points have less value to VIP owners. Looks like a shill bidder helped run price up also.

 

[ronparise]

I hear beauty is in the eye of the beholder. All kidding aside I feel the larger the contract the less its worth. Its easy to find someone to take a 154,000 point ownership for free if maintenance fees are less then $85 per month. To find s.omeone willing to pay $2/1000 for resale points and pay $500 a month in maintenance fees will be tougher. Especially now that resale points have less value to VIP owners. Looks like a shill bidder helped run price up also.

a million point contract is no doubt a big contract, but a million point account, not so much. Maybe for a family where dad and mom get a week or two or three a year to vacation. But folks my age, especially with money, often travel for several months every year

the bidding is up to $3000 now. Shills dont bother me. I will come to a price Im willing to pay, make my bid and forget it

 

[markb53]

I don't know whether or not ARP is important in the summer there. It might be for oceanfront, etc. I've booked there, and availability was fine, but I was not looking during summer.

From mid June to mid August you would usually need ARP and book past the 10 month point to get much of anything. Other than those 60 day it not difficult to book unless you want a 4BR presidential for 600,000 points for a week.

 

[scootr5]

I will come to a price Im willing to pay, make my bid and forget it

Wyndham will allow you to own contracts again?

 

[Roger830]

I hear beauty is in the eye of the beholder. All kidding aside I feel the larger the contract the less its worth. Its easy to find someone to take a 154,000 point ownership for free if maintenance fees are less then $85 per month. To find someone willing to pay $2/1000 for resale points and pay $500 a month in maintenance fees will be tougher. Especially now that resale points have less value to VIP owners. Looks like a shill bidder helped run price up also.

I don't know how you can tell that there is a shill bidder. Some bidders think ebay functions like a Friday night auction and constantly bid until their limit is reached.

$3000 is cheap if someone wants arp in prime season.

I bought 2 out of 5 contracts on ebay from that seller and was very pleased with both deals. Modest price and fast efficient transfer. The last one I won in October and it closed with Wyndham in December with the current year's points in my account even though the points weren't to be available until the following year.

 

[WManning]

I don't know how you can tell that there is a shill bidder. Some bidders think ebay functions like a Friday night auction and constantly bid until their limit is reached.

$3000 is cheap if someone wants arp in prime season.

I bought 2 out of 5 contracts on ebay from that seller and was very pleased with both deals. Modest price and fast efficient transfer. The last one I won in October and it closed with Wyndham in December with the current year's points in my account even though the points weren't to be available until the following year.

0 feedback is the tell. You ever notice how many are relisted?

 

[Roger830]

0 feedback is the tell. You ever notice how many are relisted?

0 feedback tells me that the bidder is new at the game.

I bought my first contract from this seller about 6 years ago and my second last year. I've never noticed any phony sales with relisting. They just want to move the inventory.

 

[ronparise]

According to the MF spreadsheet, the MF is $5.05 so that part's legit.

Thanks for checking the mf for me.. I didnt realize that there was a spreadsheet like this..

 

[ronparise]

0 feedback is the tell. You ever notice how many are relisted?

If zero feedback is the tell, what does zero feed back tell you?

the fact is that this seller has sold over 490 items and has gotten feed back over half the time

 

[bnoble]

I think the more important observation is this:

Shills dont bother me. I will come to a price Im willing to pay, make my bid and forget it

Who cares if there are shills or not? Pick a price you're happy with and bid it. If you get it, you are happy because you got it for a price you were willing to pay. If you don't you are also happy because you didn't overpay for something. And, if it gets relisted, you get another bite at the apple. Fine.

 

[ronparise]

I don't know how you can tell that there is a shill bidder. Some bidders think ebay functions like a Friday night auction and constantly bid until their limit is reached.

$3000 is cheap if someone wants arp in prime season.

I bought 2 out of 5 contracts on ebay from that seller and was very pleased with both deals. Modest price and fast efficient transfer. The last one I won in October and it closed with Wyndham in December with the current year's points in my account even though the points weren't to be available until the following year.

arp wont be important to me. So the only factor that is important is mf. Looking at that spreadsheet I’d say $5/1000 is below average and worth paying for. The question is of course, how much.

 

[ronparise]

Wyndham will allow you to own contracts again?

That I don’t know ….yet. What I do know is I can’t rent
I was told that my wife could own but just like my first foray into timeshares she doesn’t know what I’m thinking yet

I planning to sell my house and move across the country to be close to my kid. I don’t need it yet but I’ll be been reminding her about how I changed her diapers 50 years ago and how she owes me.

I think a timeshare for a month or two. Between homes will. E better and cheaper than a hotel

I was going to bid on a small contract to see what happens, but then this million points comes up which is the size and mf I’ll be looking for came up and it got my curiosity aroused. I doubt that I’ll get
I think it will go over $5k and that’s more than I want to pay at this point.

 

[bnoble]

I think a timeshare for a month or two. Between homes will. E better and cheaper than a hotel

If this is a one-off, maybe a month-to-month rental (AirBnB or other) might work?

 

[WManning]

That I don’t know ….yet. What I do know is I can’t rent
I was told that my wife could own but just like my first foray into timeshares she doesn’t know what I’m thinking yet

I planning to sell my house and move across the country to be close to my kid. I don’t need it yet but I’ll be been reminding her about how I changed her diapers 50 years ago and how she owes me.

I think a timeshare for a month or two. Between homes will. E better and cheaper than a hotel

I was going to bid on a small contract to see what happens, but then this million points comes up which is the size and mf I’ll be looking for came up and it got my curiosity aroused. I doubt that I’ll get
I think it will go over $5k and that’s more than I want to pay at this point.

If your going out west Worldmark has more resorts and is a better value IMO then Wyndham.

 

[ronparise]

If your going out west Worldmark has more resorts and is a better value IMO then Wyndham.

I know about worldmark, and Im real close to getting a worldmark contract too.

I dont agree that worldmark is the better value. I know things are different than when I owned and they have been improving things at worldmark resorts but Id still bet that the worldmark resorts typically dont measure up to Wyndham. But even if they do. The best price most folks can get on world mark is about 25 cents a credit.

With world mark the more you own, the better the mf. .. So in the interest of comparing apples and apples...
a 50.000 credit worldmark contract would cost about $12,500. mf at 8 cents a credit ($4000/yr) and that would get you 5 weeks at one of their legacy resorts each year

Ill use one of your 154000 point wyndham contracts that would cost nothing with mf of $85/mo Five of these would get you 5 weeks at one of Wyndhams legacy resorts .....so 770000 points, $0 purchase price and mf of $5000

Using 10 year amortization. the cost is about the same

 

[CO skier]

I dont agree that worldmark is the better value.

It definitely “depends” on the exact circumstances. Take the 1M points Oceanside Pier as an example for someone who might want to spend 5 summer weeks at that resort.

The million points plus the rental of 15,000 points from Wyndham gets 5 weeks in a 1 Bedroom Deluxe at 203,000 points/week. Using just the annual maintenance fee of $5690 is $1,138/week for the summer or $884/week for 5.7 weeks in the few “off-season” weeks, which oddly includes Christmas and New Years.

WorldMark at the same resort is Prime season all year – 8,000 credits/week or 40,000 credits for 5 weeks in a 1 Bedroom (no Deluxe option ).

A WorldMark member does not need to own the full 40,000 credits outright. Own 20,000 credits and rent up to 40,000 credits from other members, which can easily be had for $0.08/credit.

Maintenance fee on 20,000 credits is $1,750 +$1,600 for the 20k rented credits = $3,350 or $670/week.

There is an eBay auction for 20k WorldMark credits from a reputable seller that will sell (or not) in a few hours for likely under $4,000 (it did not attract any bidders the first time around).

It seems generally agreed the 1M Oceanside Pier in post #1 will sell for at least $4,000. So the purchase price is a wash between the two eBay auctions.

Prime season at $670/week in WorldMark versus $1,138/week with Club Wyndham at the same destination (there is less than a mile separating the two resorts)? If it were me wanting to vacation at Oceanside Pier San Diego, the better value would be obvious.

 

[geerlijd]

WM Oceanside and Club Wyndham Oceanside Pier are two separate resorts, with Club Wyndham in a better location, so it's not exactly apples to apples comparison. I would expect most guests are willing to pay more for Club Wyndham's location.

 

[CO skier]

WM Oceanside and Club Wyndham Oceanside Pier are two separate resorts, with Club Wyndham in a better location, so it's not exactly apples to apples comparison. I would expect most guests are willing to pay more for Club Wyndham's location.

I am definitely not one of those who would pay an extra $470/week to stay at Club Wyndham.

 

[WManning]

It definitely “depends” on the exact circumstances. Take the 1M points Oceanside Pier as an example for someone who might want to spend 5 summer weeks at that resort.

The million points plus the rental of 15,000 points from Wyndham gets 5 weeks in a 1 Bedroom Deluxe at 203,000 points/week. Using just the annual maintenance fee of $5690 is $1,138/week for the summer or $884/week for 5.7 weeks in the few “off-season” weeks, which oddly includes Christmas and New Years.

WorldMark at the same resort is Prime season all year – 8,000 credits/week or 40,000 credits for 5 weeks in a 1 Bedroom (no Deluxe option ).

A WorldMark member does not need to own the full 40,000 credits outright. Own 20,000 credits and rent up to 40,000 credits from other members, which can easily be had for $0.08/credit.

Maintenance fee on 20,000 credits is $1,750 +$1,600 for the 20k rented credits = $3,350 or $670/week.

There is an eBay auction for 20k WorldMark credits from a reputable seller that will sell (or not) in a few hours for likely under $4,000 (it did not attract any bidders the first time around).

It seems generally agreed the 1M Oceanside Pier in post #1 will sell for at least $4,000. So the purchase price is a wash between the two eBay auctions.

Prime season at $670/week in WorldMark versus $1,138/week with Club Wyndham at the same destination (there is less than a mile separating the two resorts)? If it were me wanting to vacation at Oceanside Pier San Diego, the better value would be obvious.

Not to mention bonus time and the other cash options which costs less then paying maintenance fees. No house keeping credits or hk fees to worry about either when booking BT, IS or MM

 

[ronparise]

I am definitely not one of those who would pay an extra $470/week to stay at Club Wyndham.

No me neither, . I own a Ford and a Honda, not a Lincoln and an Acura but lots of Lincolns and Acuras are sold every year... Someone sees value there,

Thats why I tried to compare apples to apples ie Wyndham legacy resorts to Worldmarks 154000 point weeks to 10000 credit weeks. sometimes they are identical units When it comes to money, it seems to me that Wyndhan is generally cheaper to buy, and worldmark is cheaper to own,

Not to mention bonus time and the other cash options which costs less then paying maintenance fees. No house keeping credits or hk fees to worry about either when booking BT, IS or MM

Which is my point, exactly, Worldmark is cheaper to own


The bigger question is where do you want to spend your vacation time. When I want to visit my family in Maryland, lobby Congress, or attend an alumni ecent at my high school there is no choice, I gotta buy Wyndham, or sleep on my brothers couch

When I disagreed with your assessment that worldmark offers the better value, I didnt mean to say that Wyndham offered the better value. What I should have don is parrott yo and say value is in the eye of the beholder

 

[ronparise]

It definitely “depends” on the exact circumstances. Take the 1M points Oceanside Pier as an example for someone who might want to spend 5 summer weeks at that resort.

The million points plus the rental of 15,000 points from Wyndham gets 5 weeks in a 1 Bedroom Deluxe at 203,000 points/week. Using just the annual maintenance fee of $5690 is $1,138/week for the summer or $884/week for 5.7 weeks in the few “off-season” weeks, which oddly includes Christmas and New Years.

WorldMark at the same resort is Prime season all year – 8,000 credits/week or 40,000 credits for 5 weeks in a 1 Bedroom (no Deluxe option ).

A WorldMark member does not need to own the full 40,000 credits outright. Own 20,000 credits and rent up to 40,000 credits from other members, which can easily be had for $0.08/credit.

Maintenance fee on 20,000 credits is $1,750 +$1,600 for the 20k rented credits = $3,350 or $670/week.

There is an eBay auction for 20k WorldMark credits from a reputable seller that will sell (or not) in a few hours for likely under $4,000 (it did not attract any bidders the first time around).

It seems generally agreed the 1M Oceanside Pier in post #1 will sell for at least $4,000. So the purchase price is a wash between the two eBay auctions.

Prime season at $670/week in WorldMark versus $1,138/week with Club Wyndham at the same destination (there is less than a mile separating the two resorts)? If it were me wanting to vacation at Oceanside Pier San Diego, the better value would be obvious.

That ability to rent in credits is a great feature, in this case 20000 can equal 60000 and in the years you dont need to rent in those additional credits, you dont have to pay for them

If we are talking about the same auction, I know the seller. he is indeed, reputable. But you need to read his full ad, Beyond the winning bid an additional $2500 is due at closing so your initial investment will be closer to $6500... Same value it will just cost more

 

[CO skier]

If we are talking about the same auction, I know the seller. he is indeed, reputable. But you need to read his full ad, Beyond the winning bid an additional $2500 is due at closing so your initial investment will be closer to $6500... Same value it will just cost more

The auction I looked at sold for less than $4,000 -- $3,595.

WORLDMARK BY WYNDHAM, 20,000, ANNUAL, CREDITS, TIMESHARE | eBay

This is a Worldmark policy, not ours. WorldMark by Wyndham. WorldMark also allows traveling owners with families the extra space and privacy, while avoiding the expense, worry, and inconvenience of having to split up the family into two or more rooms.

www.ebay.com

Add in $199 closing and $299 transfer fee = $4,093. The buyer is paying $1,195 for 20k credits valued at either $1,745.40 (the current maintenance fees on 20k) or $1,600 (the $0.08/credit rental rate) -- a savings of $405 or $550. $4,093 - $405 = $3,688 actual purchase price. The other $727.25 is a prepayment of the Sept. - Jan. maintenance fees. The new owner will get the use of the credits associated with those maintenance fees, so it is no different than if they became an owner the moment the auction ended (which they did, it will just take a few months for the owner to gain access to the WorldMark system). All the "additional" costs did was save the new owner from having to rent-in 20k credits to book their 5 weeks at WorldMark Oceanside or wherever they want in the WorldMark system the moment the transfer is officially completed.