Why I like HGVMax... Timeshare Traveler Episode 184

[GT75]

In September a sales guy told me they would be doing away with deeds entirely in favor of points only, which would run $40,000 for 5,000 pts, which sounds a lot like what this offer is..
I wonder they could potentially toss HGVC and DRI into same trust. whole gambit feels dishonest

There is no evidence of this happening on HGVC side so it is a lie from sales.

I think this is good evidence for my theory that MF for Max pts are total MF for trust / sold pts for trust,… they are essentially charging owners fees for all their unsold properties. So even if they have bulk pts unsold, they are not paying exorbitant MF on them year after year.

I think that you are misunderstanding the Max program. There aren't really any Max points which you purchase. You either purchase a deed in HGVC or trust points in HVC (formerly DRI). If you purchase from the developer then the points will allow you to exchange into the other club via the Max program. Secondly, if HVC owns trust points then I believe that they are responsible for the MFs on those trust points. If the trust points fees are delinquent by an owner, then the HOA (meaning other owners) will be responsible.

 

[geist1223]

In DRI we only pay MF on the Points we own. The Developer pays the MF on unsold Points. If we were paying MF on the unsold Points our MF would go down each time the Developer made a sale. What is true that the MF are calculated on all the Resorts in the Trust. Our Trust consists of 1 Resort - Cabo Azul.

 

[dioxide45]

I think this is good evidence for my theory that MF for Max pts are total MF for trust / sold pts for trust,… they are essentially charging owners fees for all their unsold properties. So even if they have bulk pts unsold, they are not paying exorbitant MF on them year after year.

Yeah, this isn't how it works. If it worked this way the very first buyer of trust points would be paying tens of thousands of dollars for their points and their fees would go down as more and more buyers came in. The fees are determined by the cost of the underlying deeded maintenance fees divided by tht total (sold and unsold) points that are in the trust. HGV rents out unsold inventory in order to cover the fees they have to pay on undols points. This is why the rebranded many of these resorts to Hilton Vacation Club. They couldn't rent them out on Hilton.com unless they had a Hilton branding on the resort.

 

[johnnyrocket237]

You know how you can tell a timeshare salesperson is lying? Their lips are moving. They were trying to convince you to purchase a deed on the spot for a sale.

They were. Deal was:
pay $25,000 and give up your 1B ocean view grand islander platinum ($1700 MF 20,160 pts)
and you get 2x 1B Mountain View ($1700 x 2 = $3400 MF; 11,520 x 2 = 23,040 pts)

so pay us $25,000 to double your maintenance fees, get an extra 10% pts, and lose your priority for booking the ocean view unit you love.

did any of these guys go to school? How in the world is this supposed to appeal to anyone? Oh, nvm, it comes with Max.

HGV Max. More like Max Headache.

 

[dayooper]

They were. Deal was:
pay $25,000 and give up your 1B ocean view grand islander platinum ($1700 MF 20,160 pts)
and you get 2x 1B Mountain View ($1700 x 2 = $3400 MF; 11,520 x 2 = 23,040 pts)

so pay us $25,000 to double your maintenance fees, get an extra 10% pts, and lose your priority for booking the ocean view unit you love.

did any of these guys go to school? How in the world is this supposed to appeal to anyone? Oh, nvm, it comes with Max.

HGV Max. More like Max Headache.

Agree

 

[dioxide45]

They were. Deal was:
pay $25,000 and give up your 1B ocean view grand islander platinum ($1700 MF 20,160 pts)
and you get 2x 1B Mountain View ($1700 x 2 = $3400 MF; 11,520 x 2 = 23,040 pts)

so pay us $25,000 to double your maintenance fees, get an extra 10% pts, and lose your priority for booking the ocean view unit you love.

did any of these guys go to school? How in the world is this supposed to appeal to anyone? Oh, nvm, it comes with Max.

HGV Max. More like Max Headache.

Trust me, people fall for it or for similar. I know someone who traded in a bunch of Vistana weeks for Sheraton Flex. Came out in the end with fewer points all while pumping out tens of thousands. The sell was that they had access to more resorts at 12 months. Perhaps they think that HGV Max is worth the added cost?