• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 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 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 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 $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ 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!

New timeshare development Massanutten

tschwa2

TUG Review Crew: Veteran
TUG Member
Joined
Dec 19, 2008
Messages
16,004
Reaction score
4,676
Points
748
Location
Maryland
Resorts Owned
A few in S and VA, a single resort in NC, MD, PA, and UT, plus Jamaica and the Bahamas
YES, GE is also buying private homes in the community for the executives to use...doesnt say much for their timeshares
Why? You can't live in a timeshare.
 

Miss Marty

TUG Member
Joined
Jun 6, 2005
Messages
4,000
Reaction score
339
Points
468
YES, GE is also buying private homes in the community for
the executives to use...doesnt say much for their timeshares

Just wondering - What is your source of information ?
  • Massanutten Property Owners Association
  • Sales listed in the local newspaper
  • Recorded real estate records and/or plats
In order to search deeds online in Rockingham County, you need a web subscription
One year sub cost $300 - a 30 day/one month sub cost $25 - 15 minutes cost $5.
 

gumbow719

TUG Member
Joined
Jun 11, 2005
Messages
216
Reaction score
69
Points
388
Location
Maryland
Just wondering - What is your source of information ?
  • Massanutten Property Owners Association
  • Sales listed in the local newspaper
  • Recorded real estate records and/or plats
In order to search deeds online in Rockingham County, you need a web subscription
One year sub cost $300 - a 30 day/one month sub cost $25 - 15 minutes cost $5.
Can not divulge but they are buying or already own homes for execs..
 

pedro47

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
22,072
Reaction score
8,536
Points
948
Location
East Coast
I can understand GE buying private homes in the area. Massanutten is a very nice community; with some excellent amenities.

Plus, Massanutten is supposedly own by it employees. How many employees own shares in GE is the $64,000 dollars question?
 

Tamaradarann

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2006
Messages
3,369
Reaction score
1,297
Points
548
Location
Honolulu, HI
Resorts Owned
HGVC South Beach, HGVC Las Vegas, HGVC Las Vegas on the Strip, HGVC Sea World, Misner Place
Guess their Execs can not live in vacant timeshare because it is worth more if they sell it 52 times as opposed to just buying a home for 300,000, I guess??

I guess they could have put the Execs into a vacant timeshare unit that has unsold units on a temporary basis. At the University that I worked at my Vice President lived in one of the married residence buildings for the first year. However, that was at a time when Campus Residences was not able to fill all the available spaces. When I retired the demand for spaces was so great that students were being tripled and the wait list was 6 months for spaces so that would not have been done.

I don't know the occupancy of Massanutten that well but there could be seasons when there is no availability so that placing an Exec in one of the buildings would take away from revenue. Furthermore, the Execs may not have wanted to live where they work! Too close for comfort.
 

pedro47

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
22,072
Reaction score
8,536
Points
948
Location
East Coast
If you were a company executive why would want to live in a TS condo? You would not have any tax advantages or a place to really call home. The furnitures, the mattress, and the appliances all have been used
 
Top