Yee, $34,000 for 3 weeks annually in a 1bdr in Hilton resorts -- money is gone; just look at the value you are getting from your yearly MFs.
If you owned a vacation house, how many weeks a year would you be there? You have a limited number of vacation days as you have to work. So, MAX is 3 weeks of vacations? RIGHT?
Your Hilton units are, no doubt, VERY NICE ... kept clean and updated. It is a place where you and the family can sleep and play -- without ANY maintenance work to be done. You don't like a resort, choose every year to go to another resort. Need a 1 bdr this year or a 3 bdr next, PLAN and you will have those size units. Much better than owning a fixed vacation home.
Your feelings today are that you were scammed ... you should spend more time watching info-commericals. On TV, it is hard to figure out the junk plastic or tissue paper used to make those products. You stayed and slept in a Hilton unit when you brought your first set of points; you had been a member for 6+ months, when you added on MORE POINTS.
So start learn HOW TO USE this Hilton points - planning vacations. Including other elements of your family ... right now, I trying to figure out, SHOULD I take my 89 yo aunt to WDW for the first time in her life? Would be a PRICELESS vacation for her to meet Mickey and Minnie ...
Surely with 40K Bonus points you have A LOT OF PLANNING to do - 40K plus 7K (2015) +7K (2016) ... 54K --- HOW many weeks of vacations for your family?
So, take a very deep breath, get out the Hilton picture book and move forward to enjoying the rest of your life ...... by planning great vacations your KIDS will tell their KIDS ... that you took them on when they were a little tykes. And be the family who your kid's friends say to you, "Wish my parents took us to those great places!" or "Can I be YOUR kid? You do such neat stuff!".
Linda what you said is spot on. We own 3 weeks(one Marriott that we inherited from my Grandparents, one Scottsdale and one at the Ridge in Tahoe all 2 bedrooms high season) we did not pay 30,000 for it. In fact with all Maintanance Fees its around 3k per year and with the RCI/II Memberships and exchange fees figure more but I got a special with RCI for 199 for 3 years so I took advantage of that.
Last year I split our weeks and got us a 2 bedroom for 2 weeks at the Lawrence Welk Resort. Our Studio and 1 bedroom traded for 2 bedrooms which is the only unit size the LW has.
This year I split the weeks again and got one week at the Grand Pacific Resort in Carlsbad, one week at the Hilton Mar Brisa in Carlsbad and anther one at the Welk all in 2 bedrooms in January. Yes its off-season but we are trying to max our weeks. With the leftover TPUs I paid to combine it as it was worth doing so to get the extra Welk Week that we were not planning on.
With our Ridge week we banked the Marriott Week and will most likely again piggyback off the Marriott week and either use it at The Ridge or perhaps the Tahoe Marriott or Hyatt properties. We find that piggybacking our weeks really works well.
I try to find the same resort and call in and have them make a Do Not Move comment so we can stay in the same unit or in our case this year in Carlsbad a resort that is next to each other and the Welk is a 20 minute drive away. Not only are we maximizing our weeks we're saving on gas having to drive up and down the state to each resort.
I would NEVER buy from a developer since it seems like most of the fees go to marketing. I do however like going to the Timeshare Presentations to learn about the program and get the gifts. If I'm so inclined I'll go to the resale market and buy there.
We are happy campers especially since in the 90s we had timeshares and they were not working and I did not know the system like I did today. Heck we would be spending more at hotels with smaller rooms and no kitchens. We have a Costco Membership and will use it in Carlsbad to get supplies.
My point is you can have a vacation at some nice resort like the Welk or spend $400 a night to stay at a nice hotel but stay for less time.
I saw a 1 bedroom at the Welk during our time going for $200 per night and at the Grand Pacific a 1bedroom was going for around $200 as well. Now for one night at this resort we can get a week for the exchange fees.
I found our week at the Ridge for $900+$200 transfer , Arizona was for $650+$200 transfer and the Marriott we did not pay anything except the MFs .
I could not imagine a life without a timeshare resort. We truly loved the Welk last year so we are going again.
I took a tour of the Hilton Elara in Las Vegas and liked what I saw so it was a no brainer selecting the Hilton Mar Brisa after reading many positive reviews. The Grand Pacific Pallisades is also a nice resort and they offer a free shuttle as well within a 5 mile radius.
All in all great memories are being made. Timesharing forces us to take a vacation and its not an investment but just a lifestyle change. Too many people don't understand this.