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$100K! Hell, I'd pretend I's NEVER HEARD of timeshares!
I heard an analogy on the radio the other day. A wife is nagging her husband about drinking beer. She say if he hadn't spent all his money drinking beer all those years, he would have enough money to buy a small airplane. He asked her if she drank beer, when she said no he asks here "where's your airplane?"Interesting how many people on here are very anti-spending a bunch of money on TS.
Depends on your travel preferences. Not everyone likes to go to the same location every year, especially multiple times a year, and risk all the fixing it up as things break, insurance, etc, mortgage/renting/etc. $100k you could own dozens of weeks or literally be able to stay a full year in a studio with hgv in several cities and maybe 1 bedroom. I’d much rather drop money on a flexible system like hgv than a single vacation home but some people love doing the same exact things over and over. I easily can afford either one of these options and a vacation home is not even on my top 10 vacation options.
Oh for sure. I haven't spent anywhere near $100k on TS, but I think its an interesting thought experiment.I heard an analogy on the radio the other day. A wife is nagging her husband about drinking beer. She say if he hadn't spent all his money drinking beer all those years, he would have enough money to buy a small airplane. He asked her if she drank beer, when she said no he asks here "where's your airplane?"
We really shouldn't judge people on how they choose to spend their money.
Oh for sure. I haven't spent anywhere near $100k on TS, but I think its an interesting thought experiment.
It could be explained because this timeshare forum is populated by people who KNOW timeshares and their relative value.I would have expected a more positive reception given this is a timeshare forum, presumably populated by people who like TS.
Would you invest in a points system like Wyndham, Marriott, Hyatt, Disney?
Would you buy LOTs of cheap weeks? In one region or many different ones?
Would you buy only high end places at peak season?
I am a Wyndham VIP with over 2 million points and it has worked quite well for me. I estimate that I am "earning" a 20% return. In other words, I am getting $20,000 worth of travel (or rentals) above my MFs. The 60% VIP discount is amazing and most of my travel is booked within 60 days.
Ten years ago I would have told you to buy DVC Bay lake ($100,000) and rent out all the points for 2.5 times the MF's. Then sell after 20 years. The selling price would be worth double today. But it would be easier to make more money if you bought $100,000 worth of Disney stock in 2011 and sell it today for $350,000.
Actually she said "No, I chose not to buy a plane. I chose to invest it in stocks and bonds so I could afford to retire 10 years earlier than you."I heard an analogy on the radio the other day. A wife is nagging her husband about drinking beer. She say if he hadn't spent all his money drinking beer all those years, he would have enough money to buy a small airplane. He asked her if she drank beer, when she said no he asks here "where's your airplane?"
We really shouldn't judge people on how they choose to spend their money.
Or she could have been spending it on lattes and frappuccinos.Actually she said "No, I chose not to buy a plane. I chose to invest it in stocks and bonds so I could afford to retire 10 years earlier than you."
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Or she could have been spending it on lattes and frappuccinos.
Put it towards a Vacation Property that you own and rent it out. With the money you make you can use it as your travel fund!
Also with a rental home you own and rent out, you can never have nice stuff in it. It would just get broken or tore up through the constant abuse. Nice couch, ruined. Nice dining room table, scratched.Most vacation homes just aren't in season enough (and/or the owner wants to use it in season) to make any money after paying a third party manager, commissions (airbnb, vrbo, etc), electricity, internet, TV package, repairs for damages by renters, regular maintenance, insurance, interest and property taxes as well as a lot of vacancy. It does help cover part of the mortgage usually (or if pay all cash, a modest return on investment). You can manage yourself to save a bit on that, but thats a PITA, a lot of hours and you better either be a handy man or know someone you trust with reasonable prices. In order to make money on a second home, most really need to bank on valuations rising to earn anything. Right now that is certainly happening but no guarantee that will be the case in the future. Of course, every situation is different!
Most vacation homes just aren't in season enough (and/or the owner wants to use it in season) to make any money after paying a third party manager, commissions (airbnb, vrbo, etc), electricity, internet, TV package, repairs for damages by renters, regular maintenance, insurance, interest and property taxes as well as a lot of vacancy. It does help cover part of the mortgage usually (or if pay all cash, a modest return on investment). You can manage yourself to save a bit on that, but thats a PITA, a lot of hours and you better either be a handy man or know someone you trust with reasonable prices. In order to make money on a second home, most really need to bank on valuations rising to earn anything. Right now that is certainly happening but no guarantee that will be the case in the future. Of course, every situation is different!