Positive and Upbeat or Out of Touch With Reality?

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

There seems to be agreement that every day in Orlando (for example), someone is signing a contract for, say, $25,000 for something that someone else is trying to get rid of, and can't even get a buck for it, because the party receiving the $25000 today does not care about the party they got $25000 from before.

Why is it that some see something wrong with that and others don't?

A few seconds of thought . . . is it because they are not the ones who can't get a buck for their unwanted timeshare, so it doesn't apply to them?

[chriskre Super Moderator Find all posts View Profile Close chriskre]

Why is it that some see something wrong with that and others don't?

A few seconds of thought . . . is it because they are not the ones who can't get a buck for their unwanted timeshare, so it doesn't apply to them?

Because like it or not this is still a free country and as such, you are free to make a stupid decision if you so desire. Nobody's gonna stop you. Well maybe somebody, if you find this forum first, but that doesn't happen too often.

[easyrider Senior Member Find all posts View Profile Close easyrider]

Because like it or not this is still a free country and as such, you are free to make a stupid decision if you so desire. Nobody's gonna stop you. Well maybe somebody, if you find this forum first, but that doesn't happen too often.

Yup. Just like the very happy guy I talked to at the sky pool at Sunset Beach that had just signed a contract for $60,000 usd for a pre-construction vacation unit in the new section of the Monte Cristo. He was very happy to have this.
There was a time that I would try to explain resale to a guy like this but I gave up on that. Most people that buy from the developer seem very happy right after their purchase and don't want to hear they may have screwed up.

I have been told, more than once, that I couldn't posibly be right about resale contracts.

My wife still tells people that we bought our units on ebay and that they have 5 days to recind. She really helped a few people out this last year by turning them on to tug and ebay.

Bildo

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Buying resale instead of from developers is so ten years ago.

[Hobbitess Senior Member Find all posts View Profile Close Hobbitess]

Why is it that some see something wrong with that and others don't?

You're ignoring those who think it's morally wrong, but also believe the only way to make it legally wrong would end up punishing the innocent. Not everyone responds to "this is wrong" with "there ougta be a law!"

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

You're ignoring those who think it's morally wrong, but also believe the only way to make it legally wrong would end up punishing the innocent. Not everyone responds to "this is wrong" with "there ougta be a law!"

Good, I'm glad to know others feel it's wrong, too. There are already laws, but reality is the power of $$$$.

[Hobbitess Senior Member Find all posts View Profile Close Hobbitess]

There are already laws, but reality is the power of $$$$.

Yah, there are laws against some of it, and I don't have any arguments with the ones I know about. But there aren't laws against everything TS salespeople do that I consider wrong.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Yah, there are laws against some of it, and I don't have any arguments with the ones I know about. But there aren't laws against everything TS salespeople do that I consider wrong.

Careful, some here won't like you feeding my angst.



I understand that, though, like wearing a red Chiefs jersey to a Raiders game.

[MaryH Senior Member Find all posts View Profile Close MaryH]

But I think with the asset back securities market either drying up or needing raising yield after the subprime credit mess and other issues with asset back securities, some developers would have issues getting these loans funded or resold.

I think the first time I went to a sales presentation at Waikoloa on the big island while staying at the hilton hotel there, I calculated the price quotes and averaging it to cost of the unit and came out to something like 2M or 3M and real estate on some quick search were not that high.. So 2M for an orlando condo seems a bit outrageous...

But sometimes you get people making decision based on drivers for their own bonuses and commissions rather than what makes sense..

Full disclosure.. I did not buy anything from developer althought I came close a couple of times. I may entertain a developer purchase if in the future I really need some place for a set time and I have other perks such as converting to hotel points, etc. but I don't really foresee that right now. But my brother did buy from developer for Club Intrawest before I knew about it.

[MaryH Senior Member Find all posts View Profile Close MaryH]

Also interesting is that some of the well run hotel VCs (Hyatt, etc.) are moving into fractionals.. Dealing with a different and more affluent customer base that may choose it over buying a vacation home.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

One of our resorts has full-ownership, fractionals, and intervals.

[MaryH Senior Member Find all posts View Profile Close MaryH]

I know of one HOA which the board members are mostly from whole condo and some that owns multiple red weeks and they changed some of the fee splits in favour of whole condo and red weeks vs off season weeks.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I know of one HOA which the board members are mostly from whole condo and some that owns multiple red weeks and they changed some of the fee splits in favour of whole condo and red weeks vs off season weeks.

Ours has an HOA, and a subordinate IOA. The IOA collects fees for the HOA.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Yah, there are laws against some of it, and I don't have any arguments with the ones I know about. But there aren't laws against everything TS salespeople do that I consider wrong.

If something is wrong enough, and not covered by consumer protection laws, or not prosecuted, and allowed to be so flagrant that it becomes gross in nature, some contend that consumers eventually will correct it by not going along with it any more.

Some might contend that if you stand two of the same thing side-by-side, one priced at $25,000 and the other free, that that should be gross enough for the consumer to notice.

That has not been the case thusfar.

One could argue that if that is allowed to continue long enough, so as to become gross enough, it will do the offender in, eventually. . . maybe when more get to the point that they realize being stuck with them forever is everyone's problem.

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

Also interesting is that some of the well run hotel VCs (Hyatt, etc.) are moving into fractionals.. Dealing with a different and more affluent customer base that may choose it over buying a vacation home.

How does fractional ownership work? Is it the same MF's multiplied by the time owned or is there a discount for owning a large chunk of time...

For example:

$1122.66 per week, if you own 3 months(12 weeks) its $13,471.92 or is it discounted by like 25% for $10,103.94