If you stood to inherit 10,000 Abound Points in MVC would you accept or reject the gift ?

[pedro47]

Like many I already own too many timeshares
At times I am enthused and find it hard to not buy another if I find a great deal
At other times I am less enthusiastic and see dark clouds ahead

If I stood to inherit 10,000 Abound points knowing I would be assuming at least a $7,900 yearly obligation (which would rise) for the conceivable future I wonder if I would do so.
Today I am seeing dark clouds so I think not--but it would be hard to turn down something that I know would cost me big bucks if I otherwise tried to purchase

A new added $7,900.00 expense annually plus what you have right now. Can you handle this is my concern and question?

 

[5finny]

A new added $7,900.00 expense annually plus what you have right now. Can you handle this is my concern and question?

A fair and important question
It would not be a problem today but tomorrow is always unknown

 

[dansimms]

I would find it hard to say no to that offer. I know it would have taken about $80,000 to $125,000 of upfront cost to secure that amount of points, not to mention any financing expense. If I had some rough years, I know I would be able to rent them out for $8000 a year or more.

 

[Fasttr]

Like many I already own too many timeshares

You say you already own too many. What do you have into the ones you already own? Are there any that have decent value that you would consider selling? Just thinking of ways you could put some $$ in your pocket, and end up with the right amount of usage after the inheritance.

 

[5finny]

You say you already own too many. What do you have into the ones you already own? Are there any that have decent value that you would consider selling? Just thinking of ways you could put some $$ in your pocket, and end up with the right amount of usage after the inheritance.

This was just a hypothetical question I was asking myself as I was thinking about abound points and timeshares in general
I do not actually stand to inherit any timeshare ownerships

I have 5 adult children with families so I burn through a fair amount of use
I own some Marriott and Vistana and have access to Abound points
Right now 3 families are going through a Disney phase
I was planning on giving away 1 timeshare and probably selling 5-6 others for nominal amounts but right now I am trying to figure out if they will trade for Disney this summer (The answer was yes last year but who knows this year). So I have put that on hold,

I also own multiple Sanibel winter weeks which have value but are still recovering from hurricane Ian and which I have no intention of selling

If I am somewhat pessimistic about timeshares right now it is probably because:
1) I am still paying for my Sanibel weeks but they can't be used yet (but Hurricanes are/were a known risk)
2) Maintenance fees on everything have gone up
3) There seem to be a lot of changes to many of the larger timeshare systems both big and small. Almost all of those changes seem to negatively impact current owners and resale buyers
4) I always buy for family personal use but I do rent out any excess. I would consider myself to just be a bit player but I could see in the current crackdowns getting a letter questioning my doing so and having some company confusing my putting one of my married daughters on a vacation with conducting "commercial activity"

I have by no means given up on timeshares but I do think (in general) that ownerships have gotten more problematic
I really just wanted to see if others were having some of the same concerns
My take so far is that many are but certainly not all

As for me I will watch things for a bit and then slowly tweak my ownerships

 

[capjak]

You would get a 30% discount on reservations made 60 days or less prior to arrival. I just booked 9 days at Westin Laguanamar with 30% discount and rebooked Maui Ocean Club oceanfront for 30% discount as well. I now have a "holding points" however.

 

[TolmiePeak]

The answer to the question you asked is an unqualified yes...since I know I could sell them for $3-$4 a point.

The more difficult question (which is the one you are really asking) is if I think I am getting ~80 cents in value per Abound Point with continued increases in MFs likely. And the answer...for now...is also yes.

There are plenty of listing on E*Bay giving away the points right now.

 

[Hindsite]

There are plenty of listing on E*Bay giving away the points right now.

..and its highly likely the MVC will exercise ROFR on those so you won't be able to buy them at that price.

 

[jwalk03]

..and its highly likely the MVC will exercise ROFR on those so you won't be able to buy them at that price.

But maybe worth a try. With the glut of points on the market at some point they may start exercising at a lower price point. I mean in 2020 there were points that passed at less than $2.

 

[Hindsite]

But maybe worth a try.

Once you have access to Abound, I can't see any point buying at any price, when you can rent for less than the cost of maint fees for Trust points.

 

[TolmiePeak]

Once you have access to Abound, I can't see any point buying at any price, when you can rent for less than the cost of maint fees for Trust points.

Exactly which makes the points worth nothing

 

[Hindsite]

Exactly which makes the points worth nothing

To the seller they're worth what MVC will pay under ROFR, which is usually more than nothing.

 

[Dean]

Exactly which makes the points worth nothing

I'm not so sure a slight savings PP on rentals makes the points worth nothing but it is worth considering. There are advantages to having the points in one's account without having to rent. You can bank them and aggregate points plus they would have a much more flexible expiration. To me, the 10-12% current premium would be worth it for the added flexibility if I needed the points. While I'd only take them if I needed the points, I would take the points over renting that volume yearly. Plus there's no guarantee of the ability to rent cheaper than fees going forward of course those no guarantee the difference won't increase either.

 

[echino]

In addition to ability to rent points at the cost of maintenance fees, $3 per point junk fee makes points worthless on resale. ROFR doesn't change it.