Current Vacation Club price -

[DRH90277]

Sorry I am a bit slow to follow all that. I understand what you have achieved, just didn't understand why you needed each and every week you own enrolled, and still do not, especially with the amounts of money needed to achieve that. I also don't see how you needed to enroll everyone of your weeks given your use pattern, and to reach the goals you have described.

Also not understanding your rice and beans comment as I never said you should go to Motel 6 instead of your timeshares. One person can buy a BMW for $75,000, while another pays $90,000 for the exact same car. I'd rather be the former than the latter. But enjoy your spending, it seems to be important to you.

This is just a legacy investment for our large family for years to come. It's worth what we spent which is not as much as you might think as we built this - just consider where "our money and the kids earnings" went with 6 kids, cars, college, grad school, law degrees, grandchildren, etc. We're actually quite frugal but have spent on the things that matter most to us. Getting this family together every year is the best time for us at 78 and 75 years old. Having the kids take their families to Custom House for a history lesson is another highlight of our portfolio.

We're probably very much the same based upon your insights. All the best to you and yours. Keep smiling, we openly acknowledge we're a bit nuts in our little world.

 

[pedro47]

To DRH90277, you are not nuts, when you are in your seventy-plus years getting the family becomes your #1 GOAL. IMHO.

 

[Dean]

Dean - Was looking back at this stream and wanted to express appreciation for your post. It helped us as we did make a transaction and feel our portfolio is now as good as it could be with the ultimate flexibility to meet our needs and the needs of our adult children and their families.

Always glad to help. It's the sharing of information that makes this site great.

 

[cubigbird]

There are now some reports on some Facebook groups of points being offered at around $19/point.

 

[dioxide45]

There are now some reports on some Facebook groups of points being offered at around $19/point.

It would have had to have gone up since Thursday, and it would be the biggest price increase ever.

 

[m61376]

To DRH90277, you are not nuts, when you are in your seventy-plus years getting the family becomes your #1 GOAL. IMHO.

I kinda think that enjoying time with family and friends is the #1 benefit to timesharing at any age. Sorry that our first timeshare stay was after the kids were grown, when we won a week at Ko'Olina at a fundraising auction at our younger daughter's law school. One day in and my husband quipped "why would you want to vacation any other way?" After years of sharing hotel rooms and cruise cabins with our daughters as we travelled throughout their preteen and teen years, the benefit of extra space, laundry, and not having to start every day with figuring out where to go for breakfast was really transformative. Fast forward close to 20 years, and traveling with kids and grandkids, and being able to invite close friends for occasional trips, really is one of our greatest pleasures.

 

[Dean]

I kinda think that enjoying time with family and friends is the #1 benefit to timesharing at any age. Sorry that our first timeshare stay was after the kids were grown, when we won a week at Ko'Olina at a fundraising auction at our younger daughter's law school. One day in and my husband quipped "why would you want to vacation any other way?" After years of sharing hotel rooms and cruise cabins with our daughters as we travelled throughout their preteen and teen years, the benefit of extra space, laundry, and not having to start every day with figuring out where to go for breakfast was really transformative. Fast forward close to 20 years, and traveling with kids and grandkids, and being able to invite close friends for occasional trips, really is one of our greatest pleasures.

I do enjoy the amenities that come with timesharing and do not care about the things generally lost like daily housekeeping. I also enjoy the planning including the planning far in advance. I don't tend to have situations that might come up last minute and I can afford it without having to finance. However, for many, these situations are not the case. If even one of the items I mentioned is a significant problem for a person or family, it usually takes timesharing off the table in almost all cases at least as a reasonable option for a purchase. I know some are able to plan last minute consistently and don't mind chasing options but IMO that's an unreasonable situation going in and only becomes reasonable for a small subset of people on the back end.

I'd point out though that owning a timeshare is not a requisite to enjoying the benefits of a timeshare or similar. There are always private rentals of timeshares, condo's and houses. Also, for many, timeshares are only part of their travel/vacation plans.

 

[PamMo]

It’s still $17.72 a point. From our presentation today in Timber Lodge (Tahoe), with a 20% discount, we could purchase 3,000 club points for $42,800, get 9,000 bonus points, and enroll two deeded annual weeks (Marriott KBC and Vistana SDO). Annual MF’s on the 3,000 club points are $2,460 this year. (Incentive to do the owner update was $250 Master Card credit or 50,000 Bonvoy points.)

 

[Beefnot]

This is just a legacy investment for our large family for years to come. It's worth what we spent which is not as much as you might think as we built this - just consider where "our money and the kids earnings" went with 6 kids, cars, college, grad school, law degrees, grandchildren, etc. We're actually quite frugal but have spent on the things that matter most to us. Getting this family together every year is the best time for us at 78 and 75 years old. Having the kids take their families to Custom House for a history lesson is another highlight of our portfolio.

We're probably very much the same based upon your insights. All the best to you and yours. Keep smiling, we openly acknowledge we're a bit nuts in our little world.

If I can be so nosey, is the manner you expect the inheritance and administration of your accumulated timeshare portfolio after your eventual passing based on handshake understanding with one or more of your children and/or terms you have written into a trust?

 

[DRH90277]

Timeshares and points are all included in the trust. We're on vacation this week at OceanWatch with kids and grandkids. We will have a meeting to address this while here but expect it will be administered by two of our daughters in law.

There is enough for the annual reunion here at Myrtle in owned weeks - easy to get concurret weeks here for us. Then there are other points and owned weeks convertible to points sufficient to provide more vacations and rentals to pay the maintenance fees.

Anybody else had success with this challenge and the prospect of maintaining the portfolio into the future.

 

[Beefnot]

Timeshares and points are all included in the trust. We're on vacation this week at OceanWatch with kids and grandkids. We will have a meeting to address this while here but expect it will be administered by two of our daughters in law.

There is enough for the annual reunion here at Myrtle in owned weeks - easy to get concurret weeks here for us. Then there are other points and owned weeks convertible to points sufficient to provide more vacations and rentals to pay the maintenance fees.

Anybody else had success with this challenge and the prospect of maintaining the portfolio into the future.

Ah ok, thanks, this is along the lines of what I suspected. And while I don't understand much about the Marriott ins and outs of points, I imagine that what you're doing will make it easier to administer by your familial trustees.