• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 29 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Come check it out for a chance to win a Free TUG membership (or renewal) just for helping out!

    Read more here
  • TUG has now saved timeshare owners more than $19,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $19 Million dollars
  • Our 2022 Timeshare Survey is now complete and the full results as well as our expert and witty analysis of each question is available here: Here We hope you enjoy reading the results as much as we did!
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! 50,000+ subscribers! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Why are there many sales of a part. resort?

klconley

newbie
Joined
Aug 17, 2008
Messages
59
Reaction score
0
Points
6
I was wondering if there might be a reason why so many sales of Las Vegas Grand Desert are taking place on Ebay. Is it just coincidence?
 

vacationhopeful

TUG Review Crew: Rookie
TUG Member
Joined
Sep 11, 2007
Messages
12,760
Reaction score
1,695
Points
498
Location
Northeast USA
Better question is WHY are there so many big point contracts being sold for Ocean Walk (Daytona) and Seawatch (Myrtle Beach)? Between the 2 resorts, I have seen 3 or 4 million plus contracts and over a dozen 300-990 pts contracts on the eBay.

Has the word gone out on a special assessment or new rules on renting out these locations? I think both resorts have renovations ongoing right now.

Just inquiring minds want to know ...
 

Don40

Tug Review Crew: Rookie
TUG Member
Joined
Sep 11, 2005
Messages
301
Reaction score
25
Points
378
Location
Tampa
As the economy slows more and more people are affected and maintenence fees are payable for your lifetime or until you sell. I enjoy the sales person who says, but your points keep comming back every year without mentioning your cold hard cash is what makes these points come back each year.

Timeshares are a luxury, and people cannot afford to vacation as much. If your home equity line is maxed out, credit cards are maxed out, you will have to unload somethings to make ends meet. WYN, sales are slowing and the increase in retail prices will slowly fade and start going backwards. This only makes sense because land is cheaper and buildings are cheaper today when compared to last year.

Oceanfront properties cost more to maintain and are at higher risk, thus higher maintenance fees. Vegas is slowing and the resort requires 300K to really have fun, so people are selling what is really an average size package for Vegas.
 

Twinkstarr

TUG Member
Joined
Jul 12, 2007
Messages
7,269
Reaction score
0
Points
36
Location
Ohio
As the economy slows more and more people are affected and maintenence fees are payable for your lifetime or until you sell. I enjoy the sales person who says, but your points keep comming back every year without mentioning your cold hard cash is what makes these points come back each year.

Timeshares are a luxury, and people cannot afford to vacation as much. If your home equity line is maxed out, credit cards are maxed out, you will have to unload somethings to make ends meet. WYN, sales are slowing and the increase in retail prices will slowly fade and start going backwards. This only makes sense because land is cheaper and buildings are cheaper today when compared to last year.

Oceanfront properties cost more to maintain and are at higher risk, thus higher maintenance fees. Vegas is slowing and the resort requires 300K to really have fun, so people are selling what is really an average size package for Vegas.

Don40 is right about on all accounts. I own an oceanfront TS and the MF's are :eek:. I've spent the last month watching the hurricane reports, please stay away from my resort.

I've been looking at Wyndham, I wouldn't start with anything less than 300K. We are a family of 4 and use 2br units. If we take my sister we go 3br, as she is somewhat afraid to stay in a unit by herself. Plus the newer resorts, from what I have noticed from looking at the point charts, require more points per night/week than the others.

I think also some of those big Seawatch and Ocean Walk contracts are being used for rentals(summer in MB and being a NASCAR fan, Ocean Walk=Speedweeks, Daytona 500). Perhaps people are cutting back there points there due to higher MF's at the oceanfront properties and perhaps the risk/reward of renting (short periods of "prime rental") isn't worth it.
 

klconley

newbie
Joined
Aug 17, 2008
Messages
59
Reaction score
0
Points
6
Las Vegas Grand Desert

I'm actually considering a timeshare on Ebay right now. It is not on the coast, but they seem to be selling a lot of this particular resort.
 

Sandy VDH

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
9,006
Reaction score
3,349
Points
648
Location
Houston, TX
Resorts Owned
Wynd VIP Plat GF, HGVC Elite, WM, HICV, +
Also Vegas has large number of units and is nearly sold out or is sold out, not sure which. Sales have been going on for many many years now. So large number of buyers want to lighten the load in this economy.

If you have the cash and want more points now is likely a good time to buy resale, but make sure you can pay the MFs.
 
Top