All, thank very much for all your comments, very nice forum !!
was motivational to read that there are people happy with timeshares.
Still, I think that is not a good way to spend the money only because the amount paid at the moment of buying and the commitment...
definitely buying from resale in a very low or zero cost is the way to get in, then the mathematics works !!! and the system looks wonderful...
Now, that I'm seeing everybody that read this forum is a happy users ... I would really appreciate sharing on tips to maximizes the use of the timeshare hoping
I learn and be happy of my "investment"... I hope you can post some of them.
To close this, if we separate the fact of using it, maximize the use... and being "obligated" to have vacations that is "good"... I definitely think the hotels are doing to much money on this business...
with the money they collect from those that buy from the developer, they should have enough to maintain the resorts and get lower maintenance fees...
this last comment is purely from the economics point of view, I feel really bad of people that today, tomorrow.. and after are continue buying from the developer.
that made come back to my original posting.. shouldn't the developer stop selling at one point the hotel over and over ? is any entity auditing that they sell only 52wks per room ??? how many "owners" is the limit to have in a resort ?
some numbers... with an example of a hotel with 300 rooms....
52wks * 300 rooms * $20K = $312M >> they collect that money very fast (2 years..?) to sell to 15600 "owners" and then they can invest it in another one ... or in anything and make that money works after getting their big profits...why no pay maintenance for 20 years from there and from the dividends and capital gains continue paying ?? in top they collect every year another $10M (52 * 300 * $600 = $9.36M) ... I'm sure those $10M should cover maintenance... plus what the hotel sell by room on their own ??... the number do not close... those companies are getting more of what they should.
in every numbers the problem is in the money paid in front...
I hope everybody understand my frustration... and help me to enjoy "my investment".
THANKS !!
I
was motivational to read that there are people happy with timeshares.
Still, I think that is not a good way to spend the money only because the amount paid at the moment of buying and the commitment...
definitely buying from resale in a very low or zero cost is the way to get in, then the mathematics works !!! and the system looks wonderful...
Now, that I'm seeing everybody that read this forum is a happy users ... I would really appreciate sharing on tips to maximizes the use of the timeshare hoping
I learn and be happy of my "investment"... I hope you can post some of them.
To close this, if we separate the fact of using it, maximize the use... and being "obligated" to have vacations that is "good"... I definitely think the hotels are doing to much money on this business...
with the money they collect from those that buy from the developer, they should have enough to maintain the resorts and get lower maintenance fees...
this last comment is purely from the economics point of view, I feel really bad of people that today, tomorrow.. and after are continue buying from the developer.
that made come back to my original posting.. shouldn't the developer stop selling at one point the hotel over and over ? is any entity auditing that they sell only 52wks per room ??? how many "owners" is the limit to have in a resort ?
some numbers... with an example of a hotel with 300 rooms....
52wks * 300 rooms * $20K = $312M >> they collect that money very fast (2 years..?) to sell to 15600 "owners" and then they can invest it in another one ... or in anything and make that money works after getting their big profits...why no pay maintenance for 20 years from there and from the dividends and capital gains continue paying ?? in top they collect every year another $10M (52 * 300 * $600 = $9.36M) ... I'm sure those $10M should cover maintenance... plus what the hotel sell by room on their own ??... the number do not close... those companies are getting more of what they should.
in every numbers the problem is in the money paid in front...
I hope everybody understand my frustration... and help me to enjoy "my investment".
THANKS !!
I
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