Would you buy a non transferble TS, if there was no cost to give it back and you were guranteed rental income annually when you didn't use it?

[boyblue]

Hotels survive because they typically charge everyone more than the cost of running the property, both to make a profit (which timeshare HOAs can't as nonprofits)

How is this relevant, the resort can of course charge market rate, remember that profit goes to the owner

and to have a reserve for lean times. That is why MFs for a comparable unit are typically less for a week than what a for-profit hotel or resort ofthe same quality in the same area charges for a stayof sevennights. In especially lean times, they may take on loans to stay afloat, which timeshare HOAs rarely do because that again ads to future MFs. And even then, hotels often fail, even in popular destinations. These are all basic concepts that I'm not sure if you are just ignorant of or wilfully ignoring.

It's simply incorrect that TS do not typically rent at market rates. I just called a resort in the New England area and Jan 5th to 12th is $2,530. I am ignorant of a lot, but not this

Yes, it would be nice but sunshine and roses and wishful thinking doesn't make a good plan thatwithstans reality. And even having to choose in advance won't help in amulti-year downturn.

Again the rate during that downturn would easily maintain the resort.

It just delays the inevitable, and only slightly. You might stave off bankruptcy for an extra year if you force renters to prepay with no opportunity for cancelation refunds. And that's only if you're fully booked and paid a year in advance for the entire year, and let's face it, you'll attract far less renters with such a requirement.

What you describe is status quo, tried an true, I would not, could not say you're wrong. I'm just saying that removing milstones from owner's necks may lead to less disgruntled owners. It seems like with TS, the last consideration is the owner. Here it is I'm suggesting something that would benefit owners, and you're calling me ignorant, Et tu, Brute

 

[sponger76]

Again the rate during that downturn would easily maintain the resort.

What la-la fantasy world do you live in? During a downturn you don't have that many people that come, and rental rates are typically very reduced from normal rates in order to attract even those few. In such times, for-profit hotels usually lose money and have to take on debt, which a timeshare HOA simply can't do to cover the MFs for ownerswho had opted not to stay and whose weeks either didn't rent or only attracted renters through reduced rates, likely less than MFs. Even in a normally high demand area that would be reality during a downturn, especially outside of peak season. And no timeshare resort is so popular that they have 100% occupancy even in the best of times.

There's no sense continuing this conversation. You base your viability on best-case scenarios happening all the time and reality simply doesn't happen that way.

 

[vacation911]

That guarantee doesn't exist. I mean yes if the what if was satisfied and you were guaranteed rental income...where's the flaw. I think the flaw is this does not exist? Its just kind of a fantasy

 

[boyblue]

What la-la fantasy world do you live in?

Nassau, Bahamas

During a downturn you don't have that many people that come, and rental rates are typically very reduced from normal rates in order to attract even those few. In such times, for-profit hotels usually lose money and have to take on debt, which a timeshare HOA simply can't do to cover the MFs for ownerswho had opted not to stay and whose weeks either didn't rent or only attracted renters through reduced rates, likely less than MFs. Even in a normally high demand area that would be reality during a downturn, especially outside of peak season.

The Bahamas is still short of hotel rooms, and the Bahamas Hotel Tourism Association estimates that the country needs to add 2,000 rooms to maintain its growth.

And no timeshare resort is so popular that they have 100% occupancy even in the best of times.

There's no sense continuing this conversation. You base your viability on best-case scenarios happening all the time and reality simply doesn't happen that way.

I know it's highly unlikely that I will ever convince you that in some instances optional MF can be an effective alternative to gun to the head MF. Having the backup of a temperate climate, a short walk to a lovely beach, and love motels renting for $100 a "day", gives me some confidence in the optional MF model; at least in our neck of the woods.

Moderator, allow time for response and then please close this thread as this is my last submission.