If you stood to inherit 10,000 Abound Points in MVC would you accept or reject the gift ?

[5finny]

Like many I already own too many timeshares
At times I am enthused and find it hard to not buy another if I find a great deal
At other times I am less enthusiastic and see dark clouds ahead

If I stood to inherit 10,000 Abound points knowing I would be assuming at least a $7,900 yearly obligation (which would rise) for the conceivable future I wonder if I would do so.
Today I am seeing dark clouds so I think not--but it would be hard to turn down something that I know would cost me big bucks if I otherwise tried to purchase

 

[Hindsite]

it would be hard to turn down something that I know would cost me big bucks if I otherwise tried to purchase

Its an enduring liability. If you can't use it, then why would you expose yourself to the liability?
If you can use it and get more "value" (however you choose to measure it) than $8k for each of the nest 2 years, then its worth giving a go, and you can always sell them resale and realise a gain on sale.

 

[Fasttr]

I tell you what.....you take em for free, I'll make you an offer for $2.50 per point, MVC will snatch them up on ROFR, and we'll split the $25K....sound like a deal? ;-)

 

[DanCali]

I tell you what.....you take em for free, I'll make you an offer for $2.50 per point, MVC will snatch them up on ROFR, and we'll split the $25K....sound like a deal? ;-)

But are you willing to risk $55K ($25K + junk fees) if they don't pick it up and end up owning something worth only $25K-$35K?

 

[dioxide45]

I wouldn't take them. I simply don't see the value in point based reservations. I understand that some people prefer the flexibility but there is a price to be paid for that flexibility. Now if there was an offer to take the equivalent of approximately 10,000 points of enrolled deeded weeks, I would probably be all over that.

 

[jwalk03]

As a free outlay I would certainly take them. I wish someone would will a bucket of points to me!!

 

[LeslieDet]

It depends entirely upon how you like to vacation plus whether or not you can afford the annual MFs on MVC Trust Points. If you have the ability to vacation a lot, when considering both the time and the cost of travel to/from the destination, and if the annual MFs are not something that will impact your lifestyle, and IF you enjoy vacationing at the MVC resorts then sure, take them. If you can't afford to pay the MF, don't take them. If you can't afford the time to travel or the cost to travel to use those 10K points, then don't accept the bequest.

 

[bnoble]

Right now, no. I own maybe one timeshare too many already. I am a "personal use" owner, and I do not (and am not interested in) rent(ing). Too much work, too little reward.

 

[ljmiii]

The answer to the question you asked is an unqualified yes...since I know I could sell them for $3-$4 a point.

The more difficult question (which is the one you are really asking) is if I think I am getting ~80 cents in value per Abound Point with continued increases in MFs likely. And the answer...for now...is also yes.

 

[dioxide45]

.since I know I could sell them for $3-$4 a point.

Maybe not anymore.... There are still some listings on Redweek for those prices, but I see some sold listings that are much lower and recent completed ebay auctions are making them almost look worthless.

 

[ljmiii]

Maybe not anymore.... There are still some listings on Redweek for those prices, but I see some sold listings that are much lower and recent completed ebay auctions are making them almost look worthless.

Interesting. I saw that MVC had ROFR'd points at $4.00 and $4.15 this fall and so had thought that prices were moving in the other direction. But of course, that was before the latest MF increases.

 

[MikeM132]

I wouldn't take them. I simply don't see the value in point based reservations. I understand that some people prefer the flexibility but there is a price to be paid for that flexibility. Now if there was an offer to take the equivalent of approximately 10,000 points of enrolled deeded weeks, I would probably be all over that.

I'm with you 10K percent. We gave two Hawaii weeks to daughter and I've told her never, ever drink the Kool aid and switch to points except using her enrolled option when she has to.

 

[bnoble]

There are still some listings on Redweek for those prices, but I see some sold listings that are much lower and recent completed ebay auctions are making them almost look worthless.

Interesting. I saw that MVC had ROFR'd points at $4.00 and $4.15 this fall and so had thought that prices were moving in the other direction.

I suspect at least some of this is the normal seasonal variation in supply and demand.

 

[dioxide45]

I suspect at least some of this is the normal seasonal variation in supply and demand.

I wouldn't say it is normal. Normal seasonal swings in the past might have been a dollar per point. This seems like a crash in the market. It may recover if the supply out there goes away. Either by being sold or someone just choosing to keep their points they can't sell.

 

[Dean]

I wouldn't take them for most people's situation, esp if I already had access and didn't need them. If I needed/wanted them I'd likely take them as it'd take quite a few years for the higher fees to catch up to other options and truthfully one would still likely come out ahead as compared to buying resale and paying to enroll..

 

[bnoble]

I wouldn't say it is normal.

I wasn't quite clear. I wasn't suggesting the magnitude of the swing was normal. Just pointing out that I'd expect some softening between early Fall and Winter, just thanks to those annual reminders of "I am paying how much for this thing I don't really use?" I'm sure the steep increase accelerated the winter sell-off.

 

[WaikikiFirst]

If I stood to inherit 10,000 Abound points knowing I would be assuming at least a $7,900 yearly obligation

I don't own MVC. Wondering: how many days would 10K pts get you in a 1 bdrm non-OV in high season, but not holiday (assuming that is different #)
Ko Olina?
Maui Ocean View?
your fav ski area MVC?
add your own fav urban or Mexico or Aruba or FL

 

[Fasttr]

I don't own MVC. Wondering: how many days would 10K pts get you in a 1 bdrm non-OV in high season, but not holiday (assuming that is different #)
Ko Olina?
Maui Ocean View?
your fav ski area MVC?
add your own fav urban or Mexico or Aruba or FL

Explore on your own…

2025 Abound Points Charts

I see that the 2025 Abound Points Charts for the various resorts are available on the MVC site....and about a month and a half earlier this year than the past few years. Anybody out there with the skills to put them all in one nice PDF file for easy reference. Not to put him on the spot, but...

tugbbs.com

 

[wuv pooh]

If I stood to inherit 10,000 Abound points knowing I would be assuming at least a $7,900 yearly obligation (which would rise) for the conceivable future I wonder if I would do so.
Today I am seeing dark clouds so I think not--but it would be hard to turn down something that I know would cost me big bucks if I otherwise tried to purchase

In a hot minute. Worst case I would take some awesome ocean front vacations and then default on my MF if they would not take them back. Not looking to borrow money anyway Best case I would use them while I wanted them and then sell them by the pool to people who just got back from their presentations for $4 a point.

 

[dioxide45]

Can you sell indificual Beneficial Interests that are on the same deed? I saw a listing on Redweek for 40,000 points where they wanted $120,000. There aren't many people out there that would want to pick up that type of deed, but could they instead split their deed and sell the BIs off in smaller chunks?

 

[dioxide45]

I wasn't quite clear. I wasn't suggesting the magnitude of the swing was normal. Just pointing out that I'd expect some softening between early Fall and Winter, just thanks to those annual reminders of "I am paying how much for this thing I don't really use?" I'm sure the steep increase accelerated the winter sell-off.

Certainly the swing is due to the increased maintenance fees as well as the annual reminder. Though fees were due back in late 2023, unlike deeded weeks which are usually due in January.

 

[marmite]

I wouldn't take them. I sometimes envy the availability in Abound of those ocean front Hawaii weeks, then I check how many points it will be for a 2BR at Lagoons. Once I calculate the maintenance fee on those, my love-affair with the idea of owning points is over.

Now, would I like a very good friend with Abound that would let me rent from them now and then? Absolutely!

If you can look at how you would likely use those points, and what those reservations would cost then maybe you'll have your answer. Some people are obviously making it work for them.

 

[WaikikiFirst]

Thanks Fasttr. Those are some expensive points. example: MIA SoBch; $7900 gets only 2 wks + 1 day in a studio in March. Add 2 more days in much of January.
Steamboat; $7900 gets almost 2 wks in 2 bdrm in most of Jan-March. That seems more "valuable" than the SoBch
Maui Ocean: 3 wks +/- in non-OV 1 bdrm.
Ko Olina: 2.5 wks +/- in non-OV 1 bdrm. (surprises me KO is more expensive than MO, given the ad $s HI pours into the "Maui" brand-name)
Phuket: 3 wks in 2 bdrm
Aruba: 3 - 4 wks in 1 bdrm
Cancun: only 3 - 4 wks in 1 bdrm. That one I don't see.
Los Cabos: only 1 wk in a 2 bdrm. Wow. Is that ALL-IN?

Not sure I'd take those points, but there are prob bennies in Abound that would convince me to go ahead and give it a go for a few yrs

 

[jwalk03]

Thanks Fasttr. Those are some expensive points. example: MIA SoBch; $7900 gets only 2 wks + 1 day in a studio in March. Add 2 more days in much of January.
Steamboat; $7900 gets almost 2 wks in 2 bdrm in most of Jan-March. That seems more "valuable" than the SoBch
Maui Ocean: 3 wks +/- in non-OV 1 bdrm.
Ko Olina: 2.5 wks +/- in non-OV 1 bdrm. (surprises me KO is less expensive than MO, given the ad $s HI pours into the "Maui" brand-name)
Phuket: 3 wks in 2 bdrm
Aruba: 3 - 4 wks in 1 bdrm
Cancun: only 3 - 4 wks in 1 bdrm. That one I don't see.
Los Cabos: only 1 wk in a 2 bdrm. Wow. Is that ALL-IN?

Not sure I'd take those points, but there are prob bennies in Abound that would convince me to go ahead and give it a go for a few yrs

The pulse locations like south beach are almost always a terrible proposition. They have huge points values and are mostly just hotel rooms not villas.

 

[ljmiii]

The pulse locations like south beach are almost always a terrible proposition. They have huge points values and are mostly just hotel rooms not villas.

I posted this a few weeks ago in the discussion about the Savannah Pulse. Weekend prices at Pulses suffer by comparison but even on weekends all but the NYC and SF Pulses are good deals...

Pulse prices for a medium villa on good but not peak dates are presented in rough order of appearance in MVC DP/Abound program. Cash prices use the 2024 Abound Point MFs of $0.78748/point.

Boston Pulse 325/775 (1BR) - $255.93/$610.30
Washington DC - 400/525 (Deluxe DB) - $314.99/$413.43
South Beach - 475/650 (King Studio) - $374.05/$511.86
SF RCC (for comparison) - 525/875 (1BR) - $413.43/$689.05
NYC 625/900 (King w/ Street View) - $492.18/$708.73
San Diego - 300/375 (King w/city view) - $236.24/$295.31
San Francisco - 300/700 (Urban view) - $236.24/$551.24

All except the weekend prices at the NY and SF Pulses are somewhere between dirt cheap (I'm looking at you Boston) and pretty reasonable compared to hotel rates. The Boston Pulse and SF RCC weekend point prices are high compared to their weekday prices...but not compared to the price of a 1BR suite at a nice hotel.