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Time Share Ownership Advice

heathpack

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No, to your question. Of course not. My original question was sincere. Why would I think I’m smarter than others who actually own TSs when I obviously don’t? That’s a silly statement.

It’s wonderful that owning works for you and others. It never worked for me in any sense. Maybe I’m the one who is lacking in TS ownership smarts which is why I’ll stick with my real estate vacation investment membership where in the end I don’t paying anything for my vacations to places all over the world and in multi million dollar lovely single family homes in premier resorts that come with personal concierge service, daily maid service, on call car service, etc. Of course it’s not for everyone because of the initial investment but if you can afford the investment, well, it’s a great way to travel and enjoy life with zero costs.


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Ha, it’s silly for me to point out that you think you’re smarter than the TS owners? Really? When people reply to your posts telling you TS are cost effective and you “remind” people to add in all the associated fees and booking costs? As if you’re smart enough to be aware of those things but the rest of us are delusional.

Or perhaps. What you want is for someone to ask you about your real estate investment membership opportunity? The thing that you know about that the rest of us don’t? The thing that will allow us to stay in multimillion dollar homes at zero cost...
 

Iggyearl

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but if you can afford the investment, well, it’s a great way to travel and enjoy life with zero costs.
WTF?? You are on a timeshare USERS sight pitching a product that you think is better. And, you use the word "investment." And the term "zero costs." Please, please, please tell us about this fantastic program. All the people on Tug would appreciate it.
 

CalGalTraveler

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It’s wonderful that owning works for you and others. It never worked for me in any sense. Maybe I’m the one who is lacking in TS ownership smarts which is why I’ll stick with my real estate vacation investment membership where in the end I don’t paying anything for my vacations to places all over the world and in multi million dollar lovely single family homes in premier resorts that come with personal concierge service, daily maid service, on call car service, etc. Of course it’s not for everyone because of the initial investment but if you can afford the investment, well, it’s a great way to travel and enjoy life with zero costs.


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What club are you referring to? I am skeptical.
 

heathpack

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uaremymuse

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Ha, it’s silly for me to point out that you think you’re smarter than the TS owners? Really? When people reply to your posts telling you TS are cost effective and you “remind” people to add in all the associated fees and booking costs? As if you’re smart enough to be aware of those things but the rest of us are delusional.

Or perhaps. What you want is for someone to ask you about your real estate investment membership opportunity? The thing that you know about that the rest of us don’t? The thing that will allow us to stay in multimillion dollar homes at zero cost...

It’s become obvious by your questions and statements that you’re looking to engage in something that doesn’t interest me in the least. Find someone else to sell your newspapers to as I have no interest. I’ve enjoyed what others have shared.


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uaremymuse

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What club are you referring to? I am skeptical.

Sorry, but I’m not licensed to sell investments nor do I recommend them because of potential liability issues. I’m sure you can find it with your friend google.


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uaremymuse

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Sorry, but I’m not licensed to sell investments nor do I recommend them because of potential liability issues. I’m sure you can find it with your friend google.


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uaremymuse

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WTF?? You are on a timeshare USERS sight pitching a product that you think is better. And, you use the word "investment." And the term "zero costs." Please, please, please tell us about this fantastic program. All the people on Tug would appreciate it.


Sorry, but I’m not licensed to sell investments nor do I recommend them because of potential liability issues. I’m sure you can find it with your friend google.


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paxsarah

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Oh, so it is an investment.
 

CalGalTraveler

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Too good to be true. IMO these "clubs" usually demand a large up-front investment of $20k or more and when you quit, you get nothing back. Worse than a timeshare because we still can get some money back for all of our properties.
 

Iggyearl

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Sorry, but I’m not licensed to sell investments nor do I recommend them because of potential liability issues. I’m sure you can find it with your friend google.
I am not asking you to sell me an "investment." I am asking for the name of the product that you so highly value. Certainly you don't mind sharing good news. I don't think there is any potential liability in dropping a name.
 

easyrider

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Can anyone explain to me how it makes financial sense to own a time share?


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It depends on your plans. If you plan to stay at opulent resorts frequently, it makes sense financially to own resale timeshares because you would obviously spend less owning versus renting. That being said there are many factors a person needs to consider before getting involved with timeshares, imo. After reading all of the posts I kind of think your comfort level would be non-committed renting versus a committed ownership and there is nothing wrong with either scenario. I actually do both.

Bill
 

cman

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Aside from the personal attacks on OP, this has been an informative thread. What I've learned is that some people believe that their particular needs are best met by renting, and the needs of others are best met by owning. People on both sides of the discussion appear to agree with this, but the discussion is taking a downward spiral. Watching two factions that are in agreement continue down this road is an interesting observation of human behavior. Please continue, curious to see how this ends.
 

uaremymuse

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It depends on your plans. If you plan to stay at opulent resorts frequently, it makes sense financially to own resale timeshares because you would obviously spend less owning versus renting. That being said there are many factors a person needs to consider before getting involved with timeshares, imo. After reading all of the posts I kind of think your comfort level would be non-committed renting versus a committed ownership and there is nothing wrong with either scenario. I actually do both.

Bill

Thank you for your thoughtful note.


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uaremymuse

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Aside from the personal attacks on OP, this has been an informative thread. What I've learned is that some people believe that their particular needs are best met by renting, and the needs of others are best met by owning. People on both sides of the discussion appear to agree with this, but the discussion is taking a downward spiral. Watching two factions that are in agreement continue down this road is an interesting observation of human behavior. Please continue, curious to see how this ends.

I agree. It’s a shame that some, a very few, would prefer to turn an otherwise interesting discussion into something else and I won’t have any part of it. They’ll have to sell their Newspaper elsewhere because I’m not buying. Thank you for your inciteful comment.
 

Jan M.

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Everyone that agrees with timesharing forgets the $20-30 thousand dollars they paid upfront...And then pay MF's on top of that....Not a Bargain...

And no one stays young forever...How about illness, death, etc .....Still gotta pay fees..

Not everyone pays big bucks for their developer purchased timeshares. There are plenty of people only have resale and others a mixture of resale and developer.

I've seen a number of people post on TUG that not because they were conned but knowingly paid $5,000-$14,000 to buy from a developer just to have the day use privileges they get from owning developer because the resort is within 30 minutes-2 hours driving distance. In their posts people have mentioned resorts in skiing areas. They get ski lift passes at no charge because they own and how much those lift passes would otherwise cost for their entire family. They love to ski and make good use of what owning at that resort gets them. They also get use of the resort all the resort facilities, the lounge with a nice seating area and fireplace, the on property restaurant, lockers, etc. The are a number of people who bought at Wyndham Glacier Canyon, just a small number of points, to be able to come use the 4 indoor and 4 outdoor water parks for the day. On on TUG and a Wyndham Facebook group I belong to I've seen people posting that they get 8 wristbands each time which means they are able to bring family or friends with them and they go multiple times a year. We've stayed at Wyndham Glacier Canyon and the resort has two very nice lounge seating areas and the indoor water parks have locker rooms.

You must have missed this part of my post. And I'm not by far the only person who found great deals.

"We have two 122,000 point weeks at Grandview Las Vegas with 2020 maintenance fees of $835. No increase from 2019. Btw I got these weeks on TUG. On one the other person paid the closing costs and transfer fee. We only paid the RCI fee of $98 to have it transferred to our RCI points account. For the second 122,000 point week I paid the closing costs of $215, the reosrt transfer fee of $250 and the $98 RCI fee. That makes our total purchase cost for the two 122,000 point weeks $661. " And our maintenance fees for the number of points we get per year are about the best you can find.

For some people owning a timeshare{s} has allowed them to vacation in ways or to an extent they would never have dreamed they'd be able to do. For other people owning a timeshare was a huge financial mistake, a nightmare, and they never made any or good use of what they owned.
 
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jabberwocky

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I wish I had the last 15 minutes of my life back with this thread...:wall:
 

Jan M.

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Too good to be true. IMO these "clubs" usually demand a large up-front investment of $20k or more and when you quit, you get nothing back. Worse than a timeshare because we still can get some money back for all of our properties.

We've been to several of these vacation club presentations. It has been about 3 or 4 years since we've been to one and the prices at that time were $4500-$6500 to join. The prices kept going down the longer we resisted. I don't remember if that was for a limited number of years membership or a lifetime membership. At one presentation I remember telling my husband that a lifetime membership was a joke because I didn't believe they would be around even for the remainder of our dog's lifetime and she has since passed. I've gotten the salespeople to log in on their booking sites and let me browse what is available. What I saw every time was the equivalent of the Last Call stuff on RCI, then some "meh" stuff, resorts and prices, that were further out and there was a little bit of better stuff that was priced higher and not cheap.

Other people may be happy with what they get with their vacation club and it may work for them. From what I saw I wasn't interested nor would I recommend one to anyone we called a friend or a friendly acquaintance. It might work for them but I just wouldn't be able to bring myself to recommend one. They would be much better off to join TUG and find stays on Last Minute Rentals. Either through what is offered or putting up their own posts if they wanted something specific.
 

easyrider

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The definition of a timeshare usually signifies one property shared by owners. The definition of a vacation club signifies many properties shared by many club members. If these definitions are correct then I only own vacation clubs. Currently I have some Worldmark the Club, Vacation Internationale and Universal Vacation Club Inc. I'm guessing there are over 200 locations in all three systems combined.

I had a few timeshares but I doubt that I would ever consider owning another one location timeshare again. Maybe a low cost high value trader that is within driving distance would be a consideration but for me I kind of doubt it.

Bill
 

easyrider

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Double posted.

Bill
 

silentg

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I have to add my two cents here. Most of our timeshare dealings have been Tug related. We have bought sold and rented thru tug marketplace and have had some excellent vacations, especially direct exchanges with other Tug members. We never looked at our timeshares as an investment. It’s more of sharing time relaxing and enjoying vacations or going someplace new or someplace familiar. It’s like having a vacation home but not the worry of maintaining it. You stay for a week then leave. I have found more good in Timeshare vacations than bad.
Silentg
 

Jan M.

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The definition of a timeshare usually signifies one property shared by owners. The definition of a vacation club signifies many properties shared by many club members. If these definitions are correct then I only own vacation clubs. Currently I have some Worldmark the Club, Vacation Internationale and Universal Vacation Club Inc. I'm guessing there are over 200 locations in all three systems combined.

I had a few timeshares but I doubt that I would ever consider owning another one location timeshare again. Maybe a low cost high value trader that is within driving distance would be a consideration but for me I kind of doubt it.

Bill

The vacation clubs you are talking about and what I and others are talking about aren't the same thing. Haven't you ever been to one of those fly by night operation dinners or rented store front presentations?
 

Rolltydr

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I have to add my two cents here. Most of our timeshare dealings have been Tug related. We have bought sold and rented thru tug marketplace and have had some excellent vacations, especially direct exchanges with other Tug members. We never looked at our timeshares as an investment. It’s more of sharing time relaxing and enjoying vacations or going someplace new or someplace familiar. It’s like having a vacation home but not the worry of maintaining it. You stay for a week then leave. I have found more good in Timeshare vacations than bad.
Silentg
Very well said! Agree 100%.
 
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