Different strokes for . . .
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Developers/Retailers v. Owners
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RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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As I said about timesharing for the last 15 years, when it goes to hell in a handbasket, we'll just walk away. Empty-handed, of course.
If our living in Florida goes to hell a handbasket, same thing, only with full hands.
Nice little detour . . .
OK, developers/retailers selling the same thing as owners, and not helping them because of that . . . that's a bummer.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by JLB View Post(By thoughts are intend for those who are not already committed to those already committed to what they are already committed to.)RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by ronparise View Postwith any luck my home in SW Florida will become the second home, and Ill be in timeshares primarly
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by JLB View Post& you will be granted Urban Legend status, being only the second (known) to do that in 21 years of Internet timeshare forums.
back on topic...If you didnt read between the lines in my last post. Let me make myself clear... The major developers are going to become the secondary market buyers for their own product. (imo) There will still be a problem with the independent resort hoa's that they will have to address, or just go bankrupt
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for example, Ive noticed the scarcity of Wyndham contracts on ebay.
How are you getting from Point A to Point Z? (I suspect you've got the middle steps mapped out, but I confess I don't immediately see them.)
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Originally posted by ronparise View PostIt probably wont happen. One of our dogs just died and the other is 14. I figured we would be stepping up our travel schedule in a few years. But just this morning, since I posted my plan here, my wife sent me a list of dog breeders we need to research before we get our new puppy..... no more timeshare dreams for me. Now I have to figure out how to buy a second home in California (near the kids). I do know this...if it happens, my timeshares are going to pay for it.
There's another problem in trying to timeshare 26 weeks straight.
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Let's face it, though, it would not even cross the minds of real people in the real world to think about timesharing for 3-6 months in Snowbird Season in Florida. They would either buy a place, or rent, of course, which is why there are 71,000 vacation rentals in Florida on just VRBO.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by ronparise View Postback on topic...If you didnt read between the lines in my last post. Let me make myself clear... The major developers are going to become the secondary market buyers for their own product. (imo) There will still be a problem with the independent resort hoa's that they will have to address, or just go bankrupt“Maybe you shouldn't dress like that.”
“This is a blouse and skirt. I don't know what you're talking about.”
“You shouldn't wear that body.”
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Originally posted by T. R. Oglodyte View PostThis I agree with. For example, if Diamond can sell 30,000 point contracts in their Hawaii Collection for $80,000, why wouldn't they start acquiring that inventory at nominal cost. The better job the developer does selling developer perks, the more logical it is for them to become a place for owners to dump unwanted inventory.
A list of those who do would be a nice aid for those who come here looking for advice. Then we could assume any not on the list do not take stuff back.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by bnoble View PostIt's quite a leap to go from "fewer contracts for sale" to "Wyndham must somehow become aware of these contracts before they even go up for sale and buy them."
How are you getting from Point A to Point Z? (I suspect you've got the middle steps mapped out, but I confess I don't immediately see them.)
They don't go out looking for these deals but since they have ROFR the deals come to them.
They don't have to market that they buy these units they just snap them up.
In a way it's good for us who purchased direct since our product keeps most of it's value for now.
Of course that could all change if Disney decides they no longer want to sell timeshares.
Could happen but somehow I doubt it.
Wyndham can now do the same. Especially with adding ROFR to all their new resorts.
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They don't go out looking for these deals but since they have ROFR the deals come to them.
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Originally posted by bnoble View PostIt's quite a leap to go from "fewer contracts for sale" to "Wyndham must somehow become aware of these contracts before they even go up for sale and buy them."
How are you getting from Point A to Point Z? (I suspect you've got the middle steps mapped out, but I confess I don't immediately see them.)
1) at Wyndhams last Annual Meeting one of the Wyndham people I spoke to told me that they knew they had to get involved in the secondary market...they just didnt know how, yet
2) Wyndham has been playing with buybacks..Their pathways program is one example, and they have been contacting owners that are not using their ownerships effectively offering buybacks. and I know of several people that were able to hand their ownership back to Wyndham
3) Wyndham has an "Asset Light" strategy for growth. I cant conceive of a higher profit margin business, than buying points at a penny or less and selling them for 20 cents
4)I dont know that its Wyndham but I contacted several of the larger ebay sellers trying to buy another several million Wyndham points and was told by each one that they had a buyer for all their larger Wyndham contracts and he was paying about twice what I was willing to pay. They are selling the larger contracts before they get to ebay. and they wont sell to me.
5) Ive been calling around, talking to some other big Wyndham players and the rumor is Wyndham is buying, but no one knows for sure or if they do they arent saying.
So my Jesuit logic professors are probably rolling over in their graves, but Im taking the logical leap and guessing Wyndham is already in the secondary market
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Originally posted by bnoble View PostNo, the deals don't. New, stick-built construction costs about 20% of the selling price. Even now, the typical resale contract is higher than that. It is cheaper to build a new resort than to ROFR existing contracts.
DVC keeps a waiting list for sold out resorts so all they have to do is connect the dots.
I've thought about doing that to get myself some small contracts that seem impossible to get on the secondary market.
On a small purchase not much of a difference paying DVC $125 a point as opposed to $100 to some reseller.
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Originally posted by ronparise View PostSo my Jesuit logic professors are probably rolling over in their graves, but Im taking the logical leap and guessing Wyndham is already in the secondary market
Now that the economy is better they don't need just anybody to pay MF's.
They've got fresh meat ripe for the BBQing.
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