The MF on 21,000,000 CWA points is $152,250. That's more than most Club Wyndham owners make in a year lol.
We own a little under 10 million points and our fees are under $60K a year. I guess it depends where you own. We do have a rental business. Our daughter does, anyway.
I would assume it would have to be. You could make a 300K point weekly rental every week of the year, for 52 weeks, and still only use < 16M points. I see no other reason to have 21M points except to have a rental business. Maybe I am missing something, but I am not sure what it would be.... maybe a REALLY REALLY REALLY large family.
Figure even at $6.50/K (I think access is higher) and it's right around $136K/year."OMG, I don't even want to know how much they are paying in MF"
The MF on 21,000,000 CWA points is $152,250. That's more than most Club Wyndham owners make in a year lol.
We own a little under 10 million points and our fees are under $60K a year. I guess it depends where you own. We do have a rental business. Our daughter does, anyway.
They better have a bunch of people on the account to be able to make the number of non-overlapping reservations that would be required.
You would think they would try to sell it as a rental business if it is one. That would show whatever value there is to having all those points.Is this an indication of someone permanently closing up their rental business?
Out of curiosity, I asked the seller how many contracts this is spread across. No response yet
Thoughts?
Is this an indication of someone permanently closing up their rental business?
Out of curiosity, I asked the seller how many contracts this is spread across. No response yet
Thoughts?
$99k with the statement "make offer"$152,670 if it's with a developer program fee. That $0.02 adds up. Lol
An account this large being sold and transferred intact may have happened before the infamous Freeze of August 2016 but I don't see Wyndham allowing that to happen now. The only way I could see it happening is in a number of transfers. However at some point Wyndham is very likely to say you've reached the maximum number of contracts or points they'll allow in one account. Not all transfers make it through the review process.
I have no idea how much they're asking for this on Redweek. Anyone else know?
Maintenance fees of $2,800/month on 21 million points?? NO WAY!
Also, $2,800 X 12 = $33,600, not $29,000.
$99k with the statement "make offer"
Just for kicks, how much would this cost if all bought as developer.....estimated of course.
With all the recent changes and limitations on GC's I'm surprised more haven't tapped out. IMHO Wyndham will eliminate all of the abuse on rentals. The mega renters that were paid to exit during the big freeze or cancel and re book shake down were really the lucky ones. Who in their right mind would even want 21 million points for free in todays environment?Is this an indication of someone permanently closing up their rental business?
Out of curiosity, I asked the seller how many contracts this is spread across. No response yet
Thoughts?
With all the recent changes and limitations on GC's I'm surprised more haven't tapped out. IMHO Wyndham will eliminate all of the abuse on rentals. The mega renters that were paid to exit during the big freeze or cancel and re book shake down were really the lucky ones. Who in their right mind would even want 21 million points for free in todays environment?
CWA is comparable to saying thank you to a cop for a ticket. At least the cop is actually doing his job when enforcing the law. Unlike a sales weasel hoodwinking someone to sell their deeded for a CWA higher priced maintenance fee ownership.Especially CWA............. *BARF*
Something seriously amiss with that listing. Here's what it says.
POSTING DETAILS AND CONTACTABOUT THE TIMESHARE COMPANY
- Point Allotment: 21,203,000
- Maintenance Fee: $29,000.00
- Banked Points: 0
- Anniversary: January
- Ownership Type: Right to use through forever
- Use: Annual
Maintenance fees of $2,800/month on 21 million points?? NO WAY!
- Make offer.
21,203,000 Annual Club Access Points.
Maintenance fees of $2800 per month.
Usage available in 2021.
Interested in this posting?
Also, $2,800 X 12 = $33,600, not $29,000.
John, now that makes sense. I was thinking that was very low MF's.I was the one that listed it, based on the owners information, before verifying with their online account. Got a step ahead of myself when I was adding new listings. I am still waiting for some more information from them, but it is definitely not 21 Million points.
Sorry for all the excitement