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Five Reasons Why We Bought a Timeshare

Discussion in 'New to Timesharing? Look Here!' started by anderik1, Nov 10, 2018.

  1. LannyPC

    LannyPC TUG Member

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    I agree with you and our situation is much like yours although we never travel to LV or AC. But that's the key. It's for our situation and preferences. For others as have been so eloquently pointed out on this thread, owning a TS makes sense for their situation and preferences. To them I say, "Enjoy your timeshares and vacations."
     
    mpumilia likes this.
  2. Sugarcubesea

    Sugarcubesea TUG Member

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    For me, this is what I like best about my fixed week, the knowledge and peace of mind that I have the same week and unit year after year...its awesome...
     
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  3. AndySamuels

    AndySamuels Guest

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    In my line of work there is no stability so that is another thing that comes into play. I have worked at five companies and lived in three states since 2015. Stability is something I always yearn for but is nearly impossible unfortunately. That feeds into the timeshare equation as well. In case we were to move cross country in the future flying becomes an issue. Flying has become prohibitively expensive for families. As has life in general (medical, education costs) but that is another matter entirely.
     
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  4. AndySamuels

    AndySamuels Guest

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    Hilton Grand Vacation MFs are all over the place from what I see on eBay. Weird. But $1100 for 7000 points seems very reasonable. Curious whether that includes club membership as well.

    The only eBay listing for 7800 points with $1059 MF is even years so I assume that means really $2100 in total for 7800 points. Plus $5600 asking price. That is a lot of $. For $7800 one can buy lots of hotel rooms in Vegas for a decade +. @ $78 a night approximately 100 nights. That does not even include the additional MF + club fees over those years.

    I used to frequent TS presentations in 2010 - 2012 and they could never make it work arithmetically for me in Vegas or AC. The TS salespeople would get infuriated. One lady was escorted out by security after she got so upset she wanted to punch me in the face. All I did was basic calculus to show her the sales pitch made absolutely no sense financially.
     
    Last edited: Nov 29, 2018
  5. CalGalTraveler

    CalGalTraveler TUG Member

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    We own HGVC Paradise Vegas but we use the points for Hawaii which give us a multiplier in value. Check out the HGVC Forum stickies for the latest MF's. Ours is around $954 for a 7k point 2 bedroom plus club fees, so a little over a $1100 a year. When we travel to Vegas we don't use our TS but usually trade via RCI, or pay cash to use HGVC open season for shorter stays, or RCI or II getaways for < $800 a week. This stretches our ownership.

    You didn't mention the unit size you need. If you only need a studio or 1 bedroom you may not need a 7k unit. 5k or less would work. However, hard to make the math work with studios. Timeshares work best when you want a 1 bedroom or 2 bedroom and avoid all of the resort and parking fees.
     
  6. DannyTS

    DannyTS TUG Member

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    As others said, maybe a timeshare is not for you. Many places in LV and AC have a very simple model (although things are changing a bit) : attract the guests with a great deal knowing that they will spend a lot while there. So your math may be right for your situation.

    Try the same calculations though for Hawaii, Barbados or a ski week in Colorado! Besides, i think the timeshares cater more to people with kids or to those that like to stay in larger condos. We have kids and we would need 2 hotel rooms so a 1 bedroom condo suits us better. A condo also has a kitchen and a washer/drier that may not be important to you but are very valuable to us because they add comfort and we save money by not eating all four 3 meals a day at the restaurant.

    One more thing, like hotels, timeshares are all over the place in terms of quality. However, i believe the average TS is a step up from the average hotel because they can maintain them properly since the maintenance fees are paid regardless of the occupancy rate and the season. If you buy one of the top timeshares: Hilton, Marriott, Westin, Sheraton, Hyatt, Disney you are virtually guaranteed a good quality and this is also important for us.
     
  7. AndySamuels

    AndySamuels Guest

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    Those are very fair arguments. Each person's situation is unique. We have no desire/plans to travel to Hawaii, Barbados and/or Colorado. We like Vegas because a) it is Vegas and b) my in-laws live there. We like AC because it is like a mini-AC and within driving distance. Food in Vegas can also be very economical with all the coupons and special offers. Same in AC to an extent.

    I will build a spreadsheet to calculate all costs and do some more comparisons.
     
  8. AndySamuels

    AndySamuels Guest

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    Looks like Grandview would be the best choice. Lowest rate per room for the MF. Plus close to Southpoint and in-laws. Downside is the distance to the strip.

    Property Chain ROOMS MFs Per Night Close To Strip In Laws Proximity
    Polo Towers Diamond 2BED/2BATH $1,275.00 $ 91.07 100 0
    Grandview Wyndham 2BED/2BATH $ 803.00 $ 57.36 25 100
    Tahiti Village 2BED/2BATH $ 982.25 $ 70.16 25 50
    Cliffs Peace Canyon 2BED/2BATH $ 764.00 $ 54.57 0 0
    Club de Soleil 2BED/2BATH $632.00 $45.00 10 10

    Polo Towers is very expensive. Cliffs @ Peace Canyon / Club de Soleil is way out there. Once there are more listings for other properties I will add those as well.
     
    Last edited: Nov 29, 2018
  9. CalGalTraveler

    CalGalTraveler TUG Member

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    You might want to compare the reviews and room types for each property. IMO Grandview is nice but huge (feels a bit stark/institutional in entry, landscaping and hallways) and a half-star to 1 star lower in quality from HGVC.

    Tahiti room types vary in layout and size but more landscaping and lazy river.

    Depends what you want and how much you want to pay.
     
  10. AndySamuels

    AndySamuels Guest

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    Yep. I am always cost conscious though: you can typically only spend a buck once. ;)
     
  11. CalGalTraveler

    CalGalTraveler TUG Member

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    That's why everyone has different preferences. Do I like to save money? Sure! But I like saving money on 4+ star instead of 3 star accommodations:

    You can earn more money, but you will never get your time back.
     
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  12. AndySamuels

    AndySamuels Guest

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    Time is an interesting concept. I typically do not remember much of an experience after a few months have passed. :)

    Plus I have stayed at Ritz Carlton / Wynn / Palazzo down to Red Roof Inn / Hooters and I am pretty agnostic.
     
  13. Sugarcubesea

    Sugarcubesea TUG Member

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    I really love the timeshares I own. Each was purchased with a specific intent. I’ve been able to make awesome memories and spending quality time with my family is ever so precious to me.

    I have lost many loved ones in the last 3 years and life is so very precious and I want to stay in places that are comfy and cozy like home.

    I own at two independents and my third timeshare is my SDO / Vistana that is the very best trader and has allowed me to go to Maui, Key West, Wine Country, and the list goes on and on.

    I have a very stressful job and my timeshares allow me to unwind and recharge.
     
    Last edited: Nov 29, 2018
  14. dayooper

    dayooper TUG Member

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    Where do you want to stay in Vegas? If you wNt to be right in the center of the strip, HGVC has two properties right in the middle: HGVC at the Flamingo and Elara. If that’s not as important, than Grandview should be your best bet as far as MF’s and even trading power if you ever want to exchange.
     
  15. AndySamuels

    AndySamuels Guest

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    Excellent! I agree with you wholeheartedly.

    My job is extremely boring unfortunately and typically not stressful.

    We all deserve to treat ourselves. Before time runs out.

    Grandview would be the most convenient since my inlaws live five minutes away from it. Plus Southpoint is next door: great casino ($5 steak & eggs @ midnight).
     
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  16. macmanrider

    macmanrider TUG Member

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    We love our fixed weeks 4&5 at Costa Sur in PV Mexico . The reason why is everyone shows up from all over. But they are friends now. Some don't show . But new people show up too. We play games in and out of the pool have happy hour together . Go out to dinner together. Make crafts together. And just have a good time. Now sure 2030 our deed will be up . If we don't renew for another 30 yrs.its a very easy vacation to plan you know you have week 4&5 so air fare is easy getting pesos from the bank before you go is easy. You don't have to rent a car cabs are cheap. And the bus is 80 pesos so thats 40 cents.
     
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  17. bogey21

    bogey21 TUG Member

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    A couple of years before I retired (divorced and traveling alone) I built a portfolio of six Fixed Week/Fixed Units at places I would go every year. I bought them cheap. I think the most expensive was $1,000. The cheapest was $0. [Note this was 20 years ago. I could do it for less today] I also made sure the MFs were reasonable. My recollection is that they were all in the $500-$600 range except for one that was about $800. Three reasons for this (1) relatively low initial and annual cost; (2) certainty that I would have the same Week/Unit every year; and (3) it made it easier to plan and minimize my cost of travel...

    George
     
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  18. andymul

    andymul Guest

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    Have you rented any weeks out yet? Just curious how your experience has been so far with your research/travel/sales?
     
  19. macmanrider

    macmanrider TUG Member

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    I did rent both weeks last year to family super easy pay m/f first then give the names of who is going to be there plus we book another room for more family. Fixed week is the way to go. At least in Mexico it is . I don't know about others we have not banked any weeks yet. We just enjoy going to much great people. Great friends . Good prices.
     
  20. macmanrider

    macmanrider TUG Member

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    Do you still use your timeshare. Yes ours were inexpensive $500 a week in Mexico and $20 for lake Tahoe. So $1050 for 2 1/2 weeks. And the M/F are still cheaper than travel. Some people in our resort stay for up to 8 weeks. And some stay for 8 weeks and move to different resorts. We like PV Mexico because there is so much to see. We do something different every year.
     
  21. bogey21

    bogey21 TUG Member

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    Don't have them anymore. When I saw the writing on the wall that I would have to stop traveling (age and health) I slowly divested them. It took about 3 years and I used them during the process. In the end I netted about $1,000 for the bunch (3 were Deeded Back to Resort). I figure a loss of approximately $5,000 over a 10 year or so period was not a bad deal. Kind of like adding $16 per year to each of my MFs...

    George
     
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