- Joined
- Aug 20, 2006
- Messages
- 3,389
- Reaction score
- 1,305
- Points
- 548
- Location
- Honolulu, HI
- Resorts Owned
- HGVC South Beach, HGVC Las Vegas, HGVC Las Vegas on the Strip, HGVC Sea World, Misner Place
Zilch. "How do you know a TS salesman is lying? ...His lips are moving."
First, it would devalue the entire brand. Even retail would take a big hit.
Also, they'd grandfather in current owners and apply it only to new buyers.
.
I agree that the chances of HGVC restricting resale owners to their home resort is remote. However, if they did go through with this I would be extremely concerned about the whole system crashing. I almost never go to my home resorts but reserve during the club season as many others. Therefore, restricting my reservations to my home resort would make the ownership useless to me. I would be looking to get rid of my and my families burden of ownership and $6000 a year in maintenance fees. I am sure others would also be doing the same. Do to the great deal of available resales on the market the price would drop and perhaps HGVC timeshares would not be able to be sold but must be given away like many other timeshares are. Since getting rid of these timeshare expenses would become difficult and since usage became less desirable some owners would default on their maintenance and units would fall into foreclosure. Others would hold on to them until they died. As owners pass away many beneficiaries wouldn't want to carry on the ownership and paying maintenance and additional units would fall into foreclosure. The maintenance on units that are owned would go up to compensate for the great deal of foreclosures.