Market meltdown=\/ TS sales

[e.bram]

Any guesses on how the Market meltown will affect developer and resale TS sales?

 

[nazclk]

Resales

Just look at ebay and you can see the market taking a dump, especially in Hawaii.

 

[gmarine]

I think there are going to be a lot more units put up for sale as the bills for maintenance fees arrive at the end of the year. More foreclosures are inevitable, especially those financed through the developer.

 

[BocaBum99]

The biggest issue will be if Resort Developers keep starting new projects. At this point in time, developers need to buy back a ton of the property on the market and start reselling it.

Timeshares are selling so far below the development cost that this is really a no brainer for developers.

However, if they keep starting new projects as if there weren't an economic and/or financial crisis in this country, then they are delusional and they will destroy timesharing. I hope they take some wise decisions.

 

[VacationPro]

Any guesses on how the Market meltown will affect developer and resale TS sales?

I'm sure incentives will increase on the developer side and prices will fall on resales even further. Now is a great time to pick up bargains and tweak the portfolio.

 

[AwayWeGo]

Apt Phraseology.

Just look at ebay and you can see the market taking a dump, especially in Hawaii.

That's a colorful way of expressing it, eh ?

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[Carol C]

That's a colorful way of expressing it, eh ?

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

:rofl:

I think they meant "going into the dumpster".

 

[brucecz]

IMHO many that were a resale bargin price to buy at just 1 or 2 years ago in comparion would be at a to high price today in a lot of cases.

Most of the resale prices paid 5 and 10 years ago compared today were a lot higher.

But IMHO it has not seemingly depressed the rentals for prime weeks.

Bruce

 

[VacationPro]

The biggest issue will be if Resort Developers keep starting new projects. At this point in time, developers need to buy back a ton of the property on the market and start reselling it.

Timeshares are selling so far below the development cost that this is really a no brainer for developers.

However, if they keep starting new projects as if there weren't an economic and/or financial crisis in this country, then they are delusional and they will destroy timesharing. I hope they take some wise decisions.

If the economy continues to deteriorate (as I assume it will), developers may be getting some weeks back through foreclose.

Another impact may be additional upside pressure on maintenance fees as some owners stop paying their bills.

 

[e.bram]

I presume the developers were getting their funds from Bear Stearns, Lewhman Bros etc. Where are they going to get it now?

 

[nazclk]

Wording

Hey Alan just call it the way I see it :hysterical: