That seems to be what i also concluded
Yes to both questions.
it is if you have low maintenance fees
So essentially, if you are grandfathered Silver because of a PIC, there's no point in transferring a Wyndham account to family, upon death, right?
Yes. There reallly is no math where buying Wyndham developer, even with the PIC strategy, works. Maybe years ago when the rules were different and developer points were cheaper and there were all those loopholes you could exploit (before my time I’ve just heard abou tthem), it made sense. It doesn’t anymore.
From what I've observed/gathered, Wyndham MFs are on average collectively lower than many other systems. Not sure what you're referring to about exaggerated MFs with this in mind. For example, Marriot/HGVC generally have higher MFs per unit - thought it's arguable that their resorts and rooms are of higher quality end when compared to most Wyndham resorts and rooms.
Assuming the PIC program is still available at the future point in time, the PICs could simply be re-enrolled by future family members, though that would require another qualifying developer purchase at that time - and that purchase would likely require meeting whatever the new VIP points thresholds are at that future point in time. So for example, when I bought into Wyndham in 2018 under the previous VIP program (to which I'm grandfathered now), I bought 210k CWA points and enrolled two PIC Plus contracts for a total of 508k points (two 254k PIC contracts), which gave me 718k qualifying developer points, and VIPG at that time required a minimum of 700k points. Under the current VIP program, VIPG requires 800k points in comparison, so if my kids were to inherit our points, they would inherit the 210k CWA points, and have to re-enroll the two PIC properties for 508k and then purchase a minimum of 82k developer points to get back up to VIPG - however they would likely lose the grandfathering status - which means they would lose unlimited HKCs and RTs in the process. So not a great deal overall - but then again - I'd never have spent the money to outright buy 718k points to get up to VIPG in the first place, hence the use of the PIC program in the first place.
I am referring to MF of over $1200 per week , when they spend less than $400
First off, MFs are never paid weekly, they are paid monthly within the Wyndham system, so I'm not sure what you're referring to here. Please be more specific with regard to your statements. Are you referring to a specific post in this thread?
There are still legacy weeks that are owned within the Wyndham system without a doubt - especially at some of the older resorts that sold weeks in the past prior to Wyndham converting over to a points based system. I know for a fact that the weeks contracts at Wyndham Shawnee are typically in the $1000-1200 range (or more) dependent upon the week in question, however these older weeks based contracts are the exception not the rule given Wyndham converted over to a points based system some 15-20 years or so ago now.
I was referring to time shares in general
Unfortunately I haven't seen any timeshares that can get away spending so little on cleaning.
Thirty years ago it would be worth it. We bought VIP Platinum for $30 a 1000 back then. It paid for itself many times over. If you're young and plan to use the discount benefits, them maybe. Otherwise, the math doesn't work so stay resale.
They get away with charging you $159 and pay the workers $10
Maybe the workers are only getting $10-$15 per unit but the timeshare is paying closer to $40-$80 per cleaning to the service. Look at the budget paid for by the not for profit HOA.
Depends on your goals and what you envision for yourself. You can buy a little at a time from the list of close outs, returns etc. you have to ask about that list. They won’t volunteer the info. It’s still more than buying on the secondary market but will eventually add to the ownership. If you only plan on doing it for a short time then don’t. Get more secondary points.
I felt the same way, but most of the locations are in resort areas and have might higher overhead and even value.
There is a way to get around that, but it doesn't work for everyone. Add the family member who you are leaving it to, to the Wyndham and PIC contracts. As far as I know, Wyndham doesn't check to see if the original owner is still alive, so if no one tells them, they keep the benefits. It's always possible that they could check if the owner hits 100 years old, but I doubt it. Even if they do catch on, it's still no big loss.
Who in the world is spending $60,000 on Maintenace fees for a 1 bedroom? Where are you getting, they only pay $10 a unit. That doesn't even cover the cost of supplies and salaries. Often, those housekeeping employees are employees of the company contracted to provide cleaning. I guarantee they are paying that company more than $10 a unit. I am not sure where your math is coming from but it's totally bogus. Also, you forgot about insurance premiums, property taxes, etc for that resort. TS maintenance fees pay for those too.