- Joined
- Jun 6, 2005
- Messages
- 33,860
- Reaction score
- 10,324
- Location
- The Centennial State
- Resorts Owned
- Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
I am seeing a downturn in nearly all of my ownerships in resale value, even when we purchased resale a number of years ago:
Wyndham's lowest maintenance fees resorts that we bought in 2007-2009 were not free back then, now they are free. We paid a lot for our Kingsgate and gave a bunch away recently. Wyndham is partly to blame for that because a flood of resales hit starting 2-3 years back after they changed the rules on owners.
WorldMark was .40 per point when we bought 15 years ago, now TUG members are reporting that it's less than .10.
Marriott floating weeks have lost value. What I paid for my first week at Willow Ridge back in 2012 is more than my week is worth now, about double, actually.
Shadow Ridge Village weeks saw a huge increase last year, which subsequently devalued our ownership. I was trying to sell a few but resales are way lower than when we bought 3 years ago. I will hold 'em and not fold 'em. I can rent for MF's for a few years.
I believe inflation has hurt timeshares generally, and I think Airbnb and VRBO have played a part in devaluing timeshares.
I am not going to say that Westin has "lost" value on the resale market because I don't know what it was before we purchased. I have purchased another week for slightly less through a TUG member. I have another one that is an even better deal in the works.
Wyndham's lowest maintenance fees resorts that we bought in 2007-2009 were not free back then, now they are free. We paid a lot for our Kingsgate and gave a bunch away recently. Wyndham is partly to blame for that because a flood of resales hit starting 2-3 years back after they changed the rules on owners.
WorldMark was .40 per point when we bought 15 years ago, now TUG members are reporting that it's less than .10.
Marriott floating weeks have lost value. What I paid for my first week at Willow Ridge back in 2012 is more than my week is worth now, about double, actually.
Shadow Ridge Village weeks saw a huge increase last year, which subsequently devalued our ownership. I was trying to sell a few but resales are way lower than when we bought 3 years ago. I will hold 'em and not fold 'em. I can rent for MF's for a few years.
I believe inflation has hurt timeshares generally, and I think Airbnb and VRBO have played a part in devaluing timeshares.
I am not going to say that Westin has "lost" value on the resale market because I don't know what it was before we purchased. I have purchased another week for slightly less through a TUG member. I have another one that is an even better deal in the works.
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