Club Wyndham new sales pitch. What happens to your points when you die.

[90_Min_Sales_Pitch]

We all know we have the mega renter defenders here...all I have to say is, try living next to an AirBNB/VRBO house and let me know how glad you are that the person or mega corporation like Blackstone are making lots of money at you and your neighbors, and the neighborhood's expense.

That American Capitalism is great until you start losing sleep because the yahoos next door, who will just be there a couple days and have no vested interest in being good neighbors are making noise with 50 of their closest friends at 3am...

It wouldn't surprise me if this same group of mega renter defenders are also AirBNB/VRBO defenders, because after all, they likely won't have to live next to one, in the flyover state they live in

AirBNB/VRBO should be considered commercial use, and therefore allowed if zoned. This would protect normal residents from a constant flow of renters next door, and AirBNB/VRBO owners from unexpectedly having the rug pulled out from underneath them, if the city decides they're no longer welcome.

 

[noreenkate]

You are kidding yourselves if you think timeshares are going away...

Companies like VRBO and AirBNB are VERY unpopular right now in the eyes of a lot of homeowners.

The fact is, they are contributing to the housing crisis in some areas, people own second, or 3rd or 4th homes and "airbnb" them. This is destructive to neighborhoods. In in fact live across from a home that sold in April and is now an AirBNB. I have an open code enforcement complaint against them because my county has an ordinance against short term rentals.

The case is going to the code board in December. But it's been awful. The homeowner does not do any due dillegence on the renters, they are mostly scumbags and kids who throw parties... this is not what I signed up for when I bought my home 20 years ago, my neighbors are upset too.
There's large corporations that are buying homes en masse and AirBNB'ing them, short term rental properties which are taking housing stock out of circulation for permanent homeowners that need it. Driving supply down and costs up.
The state of Florida has an active bill making it's way through the legislature which will severely regulate short term rentals, and there is definitely momentum against the whole concept right now by homeowners...

Consider also, just like our mega renter friends here, these people are likely not paying taxes on their income, they don't have the proper insurance, and the properties are not inspected or regulated like a hotel or resort would be and dont have the proper fire suppression/detection systems.

All it will take is a couple drunk couples who barbecue their entire family because they turn on too many lights at the same time in a sketchy unregulated AirBNB and it gets national exposure and the whole house of cards comes crashing down on them.

Agreed they have a pretty horrible reputation here in Nashville

Man found sleeping in between couple's children at Nashville short-term rental

Metro Police have arrested a man who was found sleeping in between a couple's two children at their short-term rental on Saturday.

fox17.com

Airbnb deals with thousands of sexual-assault allegations every year, but manages to keep many out of the public eye, report says

A Bloomberg investigation disclosed how Airbnb has used cash payouts and mandatory arbitration to avoid lawsuits that might expose safety problems.

www.businessinsider.com

 

[chapjim]

Of my entire post, that was your one takeaway?

Fascinating...

Why did you include it?

 

[happyhopian]

I don't smoke anything and have never smoked marijuana in my 69 years of life. You read what I wrote absolutely incorrectly. If you read it the way I told you I meant it, you would see that I was saying that parents shouldn't put their kids on timeshares that they won't want.

Stop being mean. You are a bully and you are trying to get all of these other people to join in. It's ridiculous.

Others are not joining in. Look at the likes/dislikes on your posts vs his posts. I've ignored him and others do as well based on the posts in this thread. Honestly he is one of the reasons I don't come around much anymore. He's never posted anything beneficial but never misses an opportunity to throw shade or complain about mega renters YEARS after all that has passed. (geesh)... I've never been a 'mega' renter but I understand the capitalist environment we live in and I applaud anyone who did well. Don't let the arse in the room cloud your day. I bet he's a peach to live with too- if anyone's daring enough - so just do like my wife and feel sorry for whoever has to endure that every day. You'll feel better

 

[CO skier]

He's never posted anything beneficial

One recent data point from a Conversation:

"Thank you, Co skier. You are a good person and must be serendipity. I did see the 308k Oceanside Pier TUG listing yesterday and I am in contact with them. It's a broker listing and the broker sounds like a nice fellow. Following your advice, I reviewed the completed / sold Ebay listings and saw some Oceanside Pier sales that make me feel comfortable Oceanside Pier has bidders. And I know you're a classy person taking the time to PM about the Oceanside Pier opportunity! Happy Turkey Day."

And, there is all that work I put in for the TUG "Comparison Chart" WorldMark FAQ:

Worldmark The Club Timeshare Overview & Guide

Worldmark the Club Timeshare point system Information and Guide for WorldmarktheClub owners

tug2.net

 

[dioxide45]

Disney has been averaging a new timeshare property every 12-18 months. They continue to sell them like hotcakes, even with the prices constantly increasing. For the current on-sale property, Disney’s Riviera Resort, enough points to get you a 2 bedroom standard-view in the middle season for a week (there are 7 seasons), will cost you just shy of $80,000 at developer prices. The resort is on track to sell out in the next year or so. A week over Christmas or Easter will cost you $120,000.

Realize that Riviera Resort is not selling like hotcakes.

 

[Fido Chuckwagon]

Realize that Riviera Resort is not selling like hotcakes.

They sold almost 70,000 points last month, and appear to be on track to sell out in the next year or so to me, what am I missing?:

Direct Sales Drop in October 2023 as Grand Floridian Winds Down | DVCNews.com - The essential Disney Vacation Club resource!

On October 30, 2023, Disney announced that The Villas at Disney's Grand Floridian Resort was “sold out. ” As sales for this popular resort come to a close, di

www.dvcnews.com

15 million in sales in a month seems pretty decent to me?

 

[cbyrne1174]

They sold almost 70,000 points last month, and appear to be on track to sell out in the next year or so to me, what am I missing?:

Direct Sales Drop in October 2023 as Grand Floridian Winds Down | DVCNews.com - The essential Disney Vacation Club resource!

On October 30, 2023, Disney announced that The Villas at Disney's Grand Floridian Resort was “sold out. ” As sales for this popular resort come to a close, di

www.dvcnews.com

15 million in sales in a month seems pretty decent to me?

Your article says RIV has only sold 58% of inventory in the 4 years that it's been for sale and will take another 3 years to sell out at it's current pace.

 

[dioxide45]

Your article says RIV has only sold 58% of inventory in the 4 years that it's been for sale and will take another 3 years to sell out at it's current pace.

It's also likely that with the Cabins at Ft Wilderness coming online sometime next year, that will eat into sales at RR. Not sure how much longer the Poly Tower will take, but if it is under the same HOA (without resale restrictions) that will certainly take a bite too.

 

[Fido Chuckwagon]

Your article says RIV has only sold 58% of inventory in the 4 years that it's been for sale and will take another 3 years to sell out at it's current pace.

I missed the 3 year sellout date, thanks.

 

[Broubal]

The most recent sales presentation. They ask me what are plans with your membership when I die. Do you have any kids?
Why should I care I'm dead. I don't think legally my heirs can be forced to inherited them. I plan on dying broke hopefully.
Crazy pitch to add more points to your ownership. Has anybody else been entertain with this type of sales pitch.

Nuts
Daniel

Yes I have heard the same thing that our 6 children will have to inherit it. I tell them that I plan on putting in my will that the President/CEO of Wyndham is responsible for paying the maintenance fees until probate settles. That got me out the door pretty quick.