TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. 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 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $12,000,000 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 $12Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. 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!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

I've got the "Timeshare Bug" again

Discussion in 'Buying, Selling & Renting Timeshares' started by JudyS, Jan 27, 2019.

  1. JudyS

    JudyS TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,915
    Likes Received:
    90
    Trophy Points:
    283
    Location:
    Ann Arbor, MI
    I'm catching up here on TUG, and I made the mistake of checking the Bargain Board. Now, my addiction to buying timeshares has returned. And, I'm not just "jonesing" for a cheap timeshare. Nope. I'm thinking how much I'd like to buy a Disney Vacation Club contract at Animal Kingdom Lodge. Or, maybe some Marriott points. And a free timeshare or two.

    I remember that, years ago, many of us would lament our timeshare addictions. I think the Great Recession and its plunge in timeshare prices cured many of us of the addiction. But, the economy has improved, and now my timeshare cravings are back!
     
    BagsArePacked, mpumilia and slip like this.
  2. Crafty71

    Crafty71 TUG Member

    Joined:
    Apr 13, 2018
    Messages:
    260
    Likes Received:
    121
    Trophy Points:
    103
    Location:
    Canada
    Resorts Owned:
    Smugglers Notch Resort (Wyndham); DVC Old Key West
    I'm a Financial Security Advisor and I have to wonder...you say "the economy has improved...". I suggest you read this thread: https://tugbbs.com/forums/index.php?threads/buyers-market-coming-soon.283467/. It discusses the current economy...there are many (and differing) points of view and I agree that the economy "has" improved for the last several years, but as they say in my line of work: "Past performance is not indicative of future performance".

    By all means, keep looking (that's what I am doing...), but if I were you, I would wait a little longer before acting on those cravings...

    Cheers!
     
    BagsArePacked, mpumilia and JudyS like this.
  3. Panina

    Panina TUG Review Crew: Elite TUG Member

    Joined:
    Jul 13, 2015
    Messages:
    3,924
    Likes Received:
    4,218
    Trophy Points:
    298
    Location:
    USA
    Resorts Owned:
    Hgvc Eagles Nest, Hgvc Surf Club, Hgvc Indian River, Hgvc Anderson, Sunrise Bay & Club, Chetola, Gulf Tides, Jade Tree Cove, Banyan Resort, Blue Ridge Village
    What I have learned with my timeshare addiction is only acquire what you can use and what will be easy to find a new home for when you need to give it a new home. Free is only good if it meets both criteria’s and spending money is okay if you can afford it and realize when you no longer can use it you might not get what you spent, you might even have to give it away.

    I focused my addiction on getting what I love to use. I have a few traders but would use them too. Still I find myself having too many good ones and will need to find some new homes in the coming year.
     
  4. DaveNW

    DaveNW TUG Review Crew: Expert TUG Member

    Joined:
    Jun 1, 2006
    Messages:
    11,544
    Likes Received:
    4,724
    Trophy Points:
    548
    Location:
    North of Seattle
    Resorts Owned:
    WorldMark
    Judy, it's nice to see you here again. I think you have WorldMark, (when it was still Trendwest), and didn't you used to have MROP? I think we chatted about both of those, back in the day. I agree about the addiction - it's easy to fall into the "I want it all, and I want it now" mentality. You have a real benefit of knowing exactly how it works, and what to expect before you jump in. One advantage of being slightly battle scarred is that it makes you circumspect before plunging back in. :)

    For me, all those Weeks ownerships I had came and went. I bought and sold a lot for resale stuff before deciding that Weeks just wasn't a long term fit for me. They were all sold off, and then I bought just WorldMark. It's working great for me so far, and I'm happy with how it's going. I see those bargains you're talking about, but so far, the bug hasn't bit me again. I'll leave them for you to enjoy. :)

    Keep us posted on your finds!

    Dave
     
    BagsArePacked likes this.
  5. JudyS

    JudyS TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,915
    Likes Received:
    90
    Trophy Points:
    283
    Location:
    Ann Arbor, MI
    Wow, Dave you remember me quite well! Yes, I own Worldmark, although I'm not sure it was still Trendwest when I bought it. I was just talking about the availability problems in the WM forum here, although I think WM works well for people who live near the west cost and take frequent short trips there. I wish it were easier to get peak reservations in WM, but I can always rent out surplus credits. so it's all good. I am glad WM works well for you.

    And yes, I owned three MROPs. The fees went up on those, so I deeded two back, paying a $250 fee on each. I had a MROP with special booking privileges in the Pacific Northwest, and a Tugger from Washington state was happy to take that third one.

    As for my finds, my husband gave me a resale DVC about 15 years ago, and I'm so glad we got that. Disney now offers some great developer-only perks, but we are grandfathered in. I rent my DVC out each year because I just can't bear to spend that much on a one week's stay in Orlando. Instead, I can sometimes book Disney's Saratoga springs via RCI. We get about a 7% or 8% ROI on our DVC after figuring in opportunity cost and depreciation on the RTU. I could make a profit selling it, but renting it is good and the perks we get are great.

    Other than DVC and WM, I also own some Sheratons. I tried buying a Marriott years ago, and lost it to ROFR. So, I decided to go with Sheraton instead -- no ROFR. II can give some very nice trades up using Sheratons. I also rent Sheratons out.

    I own the rare fractional UDI-type contract at Christmas Mountain Village in the WI Dells. Availability has gotten much harder to find there, but I still get decent value. I rent a summer week, deposit some weeks into II or RCI Points, and have four weeks each year for WM Exchange plus.

    I own an every-other-year week that trades in RCI Points. And, I have a VRI-managed week in California that I've owned for a long time and have been trying to find a new owner for. It rents for almost enough to cover MFs. It's a nice place, but small and unknown to the public. I should list it for rent in AirBnb, which gives renters confidence in renting unknown places.

    I've had some dangerous health problems on-and-off that limit my online time, but mostly my health is better now. I also had some bone fractures in the past year or so that made sitting at the computer difficult, but those are better, too. I am working on some writing projects, and that also limits my time on TUG. I tend to catch up on TUG in bursts, so I'm posting a lot this weekend.

    I can't travel on my own, but I hope I will be able to soon. I can go on trips if I have family to help me out. I love to travel, and timesharing makes it so much easier than a hotel. If I am resting, my family can do stuff in the living room, and the kitchen makes it way easier to follow dietary restrictions. Most of my timeshares have bell services to carry my luggage -- it would cost a lot to stay at a hotel with that level of service. II ePlus is great if I need to postpone a trip. I am thrilled to have gotten into timesharing.

    For flights, I use Southwest airlines because canceling is so easy. My husband and I pretty much always have a Southwest Companion pass, which we get by signing up for credit cards.


    I agree that the economy is still precarious. By "the economy has improved," I just mean that my hometown of Ann Arbor is now mostly a middle-class place again. During the Great Recession, I routinely saw evicted people's belongings piled on the curb in my neighborhood, and there was a tent city behind my local mall. I can't imagine how awful it must be to live in a tent in Michigan in the winter. But, that's how bad things were here.

    It's true that timeshares can be very risky. I had to get rid of a lot of timeshares during the Great Recession, so I know which timeshares are easy to get rid of and which aren't. (My general rule -- if a timeshare can be easily rented for more than the MFs, someone will probably want it. If not, it will be a problem to get rid of.)

    Ah, yes, that is true for sensible people. But, I have a true addiction! I just gave a couple timeshares away and closing is nearly complete on those. So, I want to get new ones!

    And, despite my addiction, I'm really not planning to get more timeshares immediately. I promised myself I'd finish up various things I need to get done before "rewarding myself" with my next timeshare. Plus, there are so many great deals to evaluate!
     
  6. DaveNW

    DaveNW TUG Review Crew: Expert TUG Member

    Joined:
    Jun 1, 2006
    Messages:
    11,544
    Likes Received:
    4,724
    Trophy Points:
    548
    Location:
    North of Seattle
    Resorts Owned:
    WorldMark
    Judy, I think the biggest reason I remember you so well is you helped me so much early on, when I was trying to decipher the mystery of timeshare ownerships. You gave me no-nonsense advice about what was good and what wasn't. You helped me quite a lot. I still made my own mistakes, of course, but in retrospect it was excellent training. (I think maybe I confused your MROP with Northwest Priority for the Trendwest thing. It's easy to confuse things.) But since I live north of Seattle, WorldMark was a great decision for me, and a nice system to end up owning. I'm surrounded by good places to stay.

    Sorry to hear of your health issues, and I certainly hope you get back to normal soon. Having all those ownerships sitting there must be frustrating, if you can't use them when you want to. Be well! :)

    Dave
     
    BagsArePacked and chalee94 like this.
  7. silentg

    silentg TUG Review Crew: Expert TUG Member

    Joined:
    Jul 17, 2005
    Messages:
    4,175
    Likes Received:
    1,448
    Trophy Points:
    398
    Location:
    Central Florida
    Resorts Owned:
    Orange Lake, Fitzpatrick's Castle Holiday Homes, The Pines At Aspen East, Oyster Bay
    OkJudy, you have caught my interest. Let us know what you do.
    I’m always interested in what TUG members buy and sell.
    GoodLuck,
    Silentg
    Pm sent
     
    JudyS likes this.
  8. JudyS

    JudyS TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,915
    Likes Received:
    90
    Trophy Points:
    283
    Location:
    Ann Arbor, MI
    Thanks, Dave. I'm glad I helped out when you were getting started in timesharing!

    I try to always have a back-up plan if I can't use my timeshares. Most of them can be rented easily, and I also like that deposits in RCI can be extended pretty much forever. But, I really hope I can get to Hawaii someday. When I'm offered a Westin in Maui for one of my Sheratons, that sounds so nice!
     
    DaveNW likes this.
  9. hjsweet2002

    hjsweet2002 TUG Member

    Joined:
    Aug 28, 2011
    Messages:
    266
    Likes Received:
    123
    Trophy Points:
    153
    Location:
    Watertown, NY
    I had been a recovering Timeshare addict for the last five years but lost my sobriety last week and bought another one. Praying that I will keep my recovery permently this time.
     
    amycurl, JudyS, alexadeparis and 3 others like this.
  10. JudyS

    JudyS TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,915
    Likes Received:
    90
    Trophy Points:
    283
    Location:
    Ann Arbor, MI
    So far, I have managed to restrain myself and not buy another timeshare!

    However, a week just showed up in my online Vistana account from a timeshare I bought off eBay last summer. I thought that timeshare had closed months ago! The fact that I'm having trouble keeping track of the timeshares I own shows that maybe I've "had a few too many." (Too many timeshares, that is.)

    And, this new timeshare showed up so late that I owed a late fee on the 2019 MFs. Sheesh.
     
    louisianab, mpumilia and DaveNW like this.
  11. carnaby2905

    carnaby2905 Guest

    Joined:
    Sep 18, 2018
    Messages:
    3
    Likes Received:
    0
    Trophy Points:
    1
    Resorts Owned:
    Westgate Resorts Orlando, FL
    Hey Sweetpea. We have the deed to one in Orlando - Disney! - you can have for back maintenance fees. Week is Red Week.
     
  12. JohnPaul

    JohnPaul TUG Review Crew: Expert TUG Member

    Joined:
    Apr 28, 2011
    Messages:
    1,023
    Likes Received:
    365
    Trophy Points:
    193
    Location:
    Sacramento, CA
    Resorts Owned:
    Vacation Internationale, HGVC - NYC, Worldmark, Shell Vacations, Sedona Pines, RCI Points, Starwood (Avon, CO)
    I think I've maxed out. Not even an itch to buy more. We are retired and making good use of what we own (a lot). I have only bought over the years - never sold anything.
     
    BagsArePacked and mpumilia like this.
  13. JudyS

    JudyS TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,915
    Likes Received:
    90
    Trophy Points:
    283
    Location:
    Ann Arbor, MI
    Am I "Sweetpea"? I saw under your User ID that you own a Westgate. I am definitely not interested in Westgate. But, you may want to offer your week on the Bargain Board here.
     
  14. pacman777

    pacman777 TUG Member

    Joined:
    Aug 1, 2014
    Messages:
    346
    Likes Received:
    47
    Trophy Points:
    138
    Location:
    TEXAS
    I caught the bug back in 2016 and acquired over 35 units spending close to $300k while also flipping some for profits. These would’ve been over $1.5m if bought from developers. We use what we can and rent the rest. Only buy in popular places and resorts. My goal is to just stay in timeshares and travel the world when I retire.
     
    BagsArePacked and SteelerGal like this.

Share This Page