Waiohai resale for under $8k on ebay

[ondeadlin]

I know there's been plenty of discussion here about resale prices tanking, but a Waiohai 2BR biannual for under $8k is just an amazing drop in prices. Guess if that one doesn't get ROFR, we know for sure that they're not exercising it right now.

I'm sort of amused by the big discussion about possible new Marriott's internal system and potential changes to hurt resale purchasers because - quite frankly - if this keeps up, Marriott's whole model is going to have to change. Nobody is going to pay $45k for a Waiohai 2BR annual from the developer no matter what restrictions they put on resale ownership if you can get resale weeks on eBay for these kind of prices.

For at least the next few years, I expect Marriott will have to cut prices and be welcoming to all comers or suffer major losses in their timeshare division.

 

[m61376]

Just a sign of the times. People are struggling to keep their homes and may have lost their jobs...keeping that timeshare, with ever-increasing MF's, just isn't high on the priority list. And, in this market, people are afraid to encumber themselves with more debt and/or expenses. My guess is that Marriott will just try to tread water and maintain the status quo; they can't afford to tick off any current owners- resale or developer; many resale owners were prior developer purchasers and, when the market turns around and Marriott develops the other properties that were in the works before this economic crisis, are potential pre-construction purchasers in the future.