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Good or Bad Buy? [The Manhattan Club]

cyseitz

cyseitz

TUG Member
Joined
Apr 26, 2013
Messages
436
Reaction score
24
Location
Louisiana
I found a week at The Manhattan Club that I would like to buy. My husband wants me to get some feedback on it since The Manhattan Club has some issues.

Premium Fixed Week 52 in a one bedroom 2 bath.

Good or Bad decision to buy. Only asking because of all of the things going on at the Manhattan Club. Trying to give my husband peace of mind.

Feedback appreciated.
 
Are you buying resale or retail?

A fixed Week 52 would be practical if you plan to visit there during that time. Many owners of floating weeks at TMC complain about not being able to book a week they want so a fixed week for the week you are looking for seems practical.

Are you aware that MFs at TMC are pretty high?
 
If you intend to use it then it could make sense depending on the price. It doesnt make sense to purchase if you intend to trade.
 
If you can use it every year & you are fine with the annual fees & you are sure the contract clearly states what you are buying, then go for it. We owned a week in that size unit several years ago and loved it. Can't beat the location!
 
LannyPC said:
Are you aware that MFs at TMC are pretty high?
Click to expand...

All timeshares in NYC have high MFs. If you are going the NYC on a consistent basis it's worth every penny. The 2 bathrooms and mini kitchen are amazing to have. No other timeshare in NYC has those features.
 
Maz said:
All timeshares in NYC have high MFs. If you are going the NYC on a consistent basis it's worth every penny.
Click to expand...

I don't doubt that NYC MFs are high. I was just asking the OP if s/he was aware that they are high.
 
There are major problems with this resort. Do google searches to read about all the issues. The NYS Attorney's General's office is finally involved in the long-standing dispute. You might want to wait until you see the outcome.

One big concern is the ever increasing maintenance fees.
 
If a timeshare is run by a bad management company, and that is definitely the case at the Manhattan Club, it does not matter how good the week is - jmho.

There are too many better deals out there in Timeshare Land.

I think your husband is correct and you should pass on the deal.

If you are still not convinced that it is a bad deal, adjust your purchase price for the high risk involved. If you can get week 52 for only $1 plus closing costs and the seller pays the outrageous transfer fees, maybe it is worth the gamble.
 
Poor management

We used to own MC with same 2 bath unit for many years before gave it back for $1 to Manhattan Club, due to the fact: the maintenance fee goes up every year, very difficult to make reservations, and totally impossible to make reservation changes.

You can rent the same weeks on redweek.com for less without the headache. We still go to MC very year, but rent the unit instead.
 
Walk away from this. You will be saddled with all sorts of problems with booking, maintenance fees and most likely, legal costs.


Run, don't walk.

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LannyPC said:
The OP said that it is a Week 52 fixed week. How can problems with booking occur?
Click to expand...

Friends who owned a fixed week there were not able to book a split stay (they were eligible) or even change their week, so they gave theirs away. Too difficult all around and it was cheaper to rent for them in the long run.

ETA: You know it's a bad day when the Attorney General launches an investigation into your timeshare's management company ! :(




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