So, one way to look at this is that the price of "buying it" is $10,000, but you pay it in maintenance fees, instead of to the seller.
$5,000, but yes.
So, one way to look at this is that the price of "buying it" is $10,000, but you pay it in maintenance fees, instead of to the seller.
$5,000 total until you get to use the 2019 points, or $5,000 total for 2016, 2017, and 2018 (the stripped years)?
I saw it, but post #23 says $10K.
Can someone explain how points are pulled in from the future by using the credit pool?
I have taken points I knew I couldn't use in a use year and added them to the credit pool for future use. There might have been a small fee.
Also, is it possible Canterbury's low MF is just a developer's "bait and switch" trick and they will rise to full rate over next few years?
Thank you! So the MF for 2016, 2017, and 2018 would be about $5,000?
Yes, ma'am. For half of 2016 and all of 2017 and 2018.
And again, it's a great deal for someone who doesn't have $5K liquid to invest, but does have $200 a month to spend and can wait a couple years before seeing any benefit of the points. Definitely a longer term strategy than someone seeking a free timeshare with free 2016 use.
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and will Ron deliver the Suite deed in a Santa Suit - when this
Christmas Layaway Timeshare has points to use ?
Can Ron, or another Wyndham points expert please clarify this for me?
The new owner will have to pay the maintenance fees on these contracts for the rest of 2016, 2017 and 2018, but they won't get any points until the 2019 points are available - correct?
How much will the maintenance fees be for 2016, 2017 and 2018 (total)?
I answered that in my original post
For the Canterbury, for example, buyer would be responsible for about half of 2016 by the time transfer is complete, so 2.5 years. $4*500=2,000 for 2.5 years would be about $5K plus MF increases. First year of actual use could be in 1.5 years if the buyer credit pools.
So $10/K spread over 2.5 years isn't a bad deal.
No
if you credit pool the first use can be Jan 2017
Points Chart - Wyndham Canterbury San Francisco
Weeks 1-52
1 BR 300,000 per week
2 BR Deluxe 400,000 per week
1 BR Presidential 400,000 per week
2 BR Presidential 500,000 per week
3 BRPresidential 625,000 per week
Unless someone was VIP Gold or Platinum (to get the discount) the cost to stay at this resort seems high to me. Points used to stay elsewhere would be more cost efficient.
Maintenance fees of $4 per 1,000 pts is VERY GOOD!
The waiting period to get the points (unless you use the credit pool needs to be considered. Long term versus short term usage.
Cynthia T.
The urban resorts ALL seem to have a HIGH point cost to reserve .. it makes SELLING the resort easy ... ie:
Look these MFs per 1,000 points is CHEAP ... look how much a place in Vegas will cost up to stay; Or Hawaii. And dang, Wyndham sales gets the resort SOLD.
Yes, Platinum VIPs owning at other resorts, still see a decent value when using the 50% discount and unit upgrade.
I've been looking at resale prices for a few months and if I didn't need points for vacation next year I would be all over that Canterbury contract.....it's an amazing deal really
Yep you're right. You can credit pool two years out. I just did it last month, and made a mistake in my above post.
So ~6 months of MF before your first possible use.
I am amazed noone has just asked to take over your business and learn your special sauce... or what the cost of that would be...
I'm not ready to give it all up. In 5 years (age 75) I want to be down to a relatively small account. It took me 5 years to build up what I have. I'll take 5 years to unwind it. I'm happy to show anyone interested in what I'm doing. I can think of at least a couple of guys, that have already taken some of what I've learned and made it their own but I don't thing I have anything that can't be easily duplicated. This ain't rocket science
And looking back I can thank Tug and especially Linda and Jim and Rick and Cindy and another Jim and Mike and another Mike and others that I forget their names but not their help and advice and let's not forget the Wyndham owner care people Diana and Kate and Cole and Travis and others that put up with my crap on almost a daily basis and are nothing but sweet and kind and helpful in spite of it