Where Not To Own Timeshare

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Size is also beginning to matter more with RCI lately.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Size is also beginning to matter more with RCI lately.

Really?
You are seeing a change when searching?

And actually for some of the independents, size is ALL that matters.

[brucecz Moderator Find all posts View Profile Close brucecz]

Most of Mexico if not all of Mexico is RTU. Selling value goes down per year. You are not going to rent into the Gran Melia for less than the MF it is not going to happen. Plus if you own there owners get a discount on the AI. Also many of these better Mexico resorts are not easy to get into. You can get almost any date if you do an internal trade. You also get around any 1 and 5 issue with RCI by no longer trading into it.

Not all of Mexico is RTU. We own weeks at a Puerto Vallarta resort that is not a RTU,

Bruce

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

Any RCI points resort whose M&F fees are higher than one cent per point may not be a good purchase.

[jfitz Member Find all posts View Profile Close jfitz]

List have been made best timeshares to own. How about a list of timeshare locations not to own. Anyone have any other areas.

Here are few of my choices and why.

Flagship Atlantic City _ Everyone is looking to sell.

I owned a summer Flagship interval for quite some time and found it to be an OK trader as well as easy to rent. I also made a small profit when I sold it two years ago before moving to Florida. What I see for sale on eBay and elsewhere are Flagship intervals which do not include July, August and Christmas - New Years availability.

Your other picks simply echo the "conventional wisdom" which is certainly true for much of the year. However, from personal experience I know that some weeks at specific resorts in Orlando and Williamsburg and even a few Shawnee weeks can provide a lot of trading and rental bang for the buck.

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

I owned a summer Flagship interval for quite some time and found it to be an OK trader as well as easy to rent. I also made a small profit when I sold it two years ago before moving to Florida. What I see for sale on eBay and elsewhere are Flagship intervals which do not include July, August and Christmas - New Years availability.

Your other picks simply echo the "conventional wisdom" which is certainly true for much of the year. However, from personal experience I know that some weeks at specific resorts in Orlando and Williamsburg and even a few Shawnee weeks can provide a lot of trading and rental bang for the buck.

My picks may echo conentional wisdom but I was more interested in hearing what other folks think. I'm glad that you have had success using those weeks but with all the deals on the resale market now. There are many places far more popular to rent out or make a few dollars

I guess if you buy timeshares to rent and are saavy at doing so its a beautiful thing. With many of the maintance fees 600 to 700 for two bedroom units if a rental bang is 100 to 300 profit thats great.

You mentioned Flagship. I visited there a few years ago and there were alot of problems there. The locations is not good. What were your maintainance fees and how much did you pay for your week? You would be one of the few I know of that made money from that resort unless they flipped it after stealing it on the resale market.

[brucecz Moderator Find all posts View Profile Close brucecz]

IMHO a $100 to $300 profit over maintenance fees per ownership is not nearly enough when you consider risk of non rentaland the cost of ads and ownership.

Now with the cost of gas and airfares I think there will be another period of readjustment of value and risks of ownerships for rentals.

Buy were you want to vacation so if does not rent out you will be able to go and enjoy the ownership.

Bruce

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Your other picks simply echo the "conventional wisdom" which is certainly true for much of the year. However, from personal experience I know that some weeks at specific resorts in Orlando and Williamsburg and even a few Shawnee weeks can provide a lot of trading and rental bang for the buck.

Very true. Quality and location can still make a resort in an area with many a good deal to own. Blanket statements about an area being good or bad are wrong (as most blanket statements about anything tend to be). ut if you choose to buy into a heavily populated timeshare area you had best pick your resort/week very carefully. And in a "good" area a converted motel or run down resort may not be a bargain either. You still need a basically good resort anywhere - and most likely a near great one in a heavy developed area.

[1950bing Senior Member Find all posts View Profile Close 1950bing]

My list is much longer.

[Vanessa Member Find all posts View Profile Close Vanessa]

1950bing. I was just wondering, with such a negative attitude about timesharing, why do you even bother with this forum? To communicate your bad experieces to inexperienced timeshare owners?

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

My list is much longer.

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

Also if you can get an AI that is at a resonable price like under $80 PP per day then that is worth going to. It's the ones that want over $130 PP per day that you can do better on your own at local area restaurants.

http://www.timeshareforums.com/forum...unta-cana.html I have offered TS4Ms members free A-I stays just pay the A-I fee which meets BF's criteria!

[charlie_m Member Find all posts View Profile Close charlie_m]

1950bing. I was just wondering, with such a negative attitude about timesharing, why do you even bother with this forum? To communicate your bad experieces to inexperienced timeshare owners?

FWIW, I would value the opinions of those in the know. You don't have to read any of this. Free country.

Furthermore I don't think Vegas is a bad buy. It trades well, and is a great place to vacation. I say that because we need tourist dollars. Don't want taxes to go up. LOL.

[brucecz Moderator Find all posts View Profile Close brucecz]

FWIW, I would value the opinions of those in the know. You don't have to read any of this. Free country.

Furthermore I don't think Vegas is a bad buy. It trades well, and is a great place to vacation. I say that because we need tourist dollars. Don't want taxes to go up. LOL.

Vegas is not as bad as Branson, Williamsburg or Orlando but it seems to be heading in that direction.

In regards to Vegas even though we own 3 RCI resorts bough as resales I would know how easy it is to trade into the Top II resorts like the Marriott alot of resorts are easy exchanges.

I just use our RCI Points resorts in Vegas mainly as vessals for the RCI PFD and mostly rent them out to recover MF's.

I think the extra taxes charged by LV to exchanger is pretty tacky and are turn offs and self defeating.


Poor old Bing1950 bought wrong and IMHO is really not very experianced has he really did not own much of anything.

So his hands on pratical ownership experiance is IMHO very limited and so his viewpoint is a bit colored and disstorted based mostly on his one bad buying experiance.

Bruce

[charlie_m Member Find all posts View Profile Close charlie_m]

Brucecz , I agree with you regarding Orlando (more timeshares per city block, and I own there ) but Branson wins my award. Other than country music, why go there? At least Williamsburg has some history, a cool amusement park and close to Virginia Beach, home of the all you can eat seafood buffets called Captain (you pick the name). Hence these areas are all timeshare abyss........