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$117,120 for one week of timeshare!

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  • $117,120 for one week of timeshare!

    Holy cow timeshares are getting expensive. At least from the developers direct sales.

    Today I received an offer from HGVC to consider purchasing at their new Manhattan timeshare West 57th Street. Preconstruction pricing from the little bit of literature they've sent me indicates that prices for weeks range from $40,680 to $117,120!

    Obviously, I'm working in the wrong field. We built our house from the ground up 10 years ago and it was just a little over the top price for one week at this new timeshare. Now granted we live in fly over country where the cost of land isn't nearly as expensive as the water states (states that aren't land locked) but really now, $117,120 is probably higher than the average income for most (maybe any) state in the union. They have got to have a very small target audience that can afford those sort of prices for one week of timeshare. Not to mention that timeshare, when bought from the developer at least, does not hold it's value like regular real estate.

    All I can say is WOW. I guess I should have choosen a different course of studies when I decided to go back to college.
    Our timeshare and other photo's at http://dougp26364.smugmug.com/

  • #2
    or perhaps it is an illustration of the ever widening gap of the "haves" and "have nots" today in america.

    Interesting that the have nots are above median middle income families.

    I heard on the news this morning that someone had paid $350k at a charity auction for one kiss from george clooney. For $350k he'd have to live with me for 3 months and wear a french maid's outfit.

    I bet she could buy 6 of these top end units without blinking.
    Lawren
    ------------------------
    There are many wonderful places in the world, but one of my favourite places is on the back of my horse.
    - Rolf Kopfle

    Comment


    • #3
      Originally posted by lawren2
      or perhaps it is an illustration of the ever widening gap of the "haves" and "have nots" today in america.

      Interesting that the have nots are above median middle income families.

      I heard on the news this morning that someone had paid $350k at a charity auction for one kiss from george clooney. For $350k he'd have to live with me for 3 months and wear a french maid's outfit.

      I bet she could buy 6 of these top end units without blinking.
      What makes you think it was a she?

      Comment


      • #4
        Originally posted by I-DE-HO
        What makes you think it was a she?


        George Clooney’s lips fetched $350,000 the other night during an auction benefiting AIDS research at the Cannes Film Festival. The debonair do-gooder made an appearance at the annual Cinema Against AIDS dinner with his “Ocean’s Thirteen” co-stars Matt Damon, Don Cheadle, Andy Garcia and Ellen Barkin, and found himself up on the auction block courtesy of presenter Sharon Stone. Clooney and his castmates were auctioning off a seven-day Mediterranean getaway on a private boat when Stone announced: “If you bid, one of these guys will come down and touch you. And you can choose which one.” The choice was clear, and with a flourish Clooney planted a big wet one on the lucky girlfriend of the winning bidder!
        Lawren
        ------------------------
        There are many wonderful places in the world, but one of my favourite places is on the back of my horse.
        - Rolf Kopfle

        Comment


        • #5
          It must be nice to have to lie awake at night and dream up ways to spend money.
          Our timeshare and other photo's at http://dougp26364.smugmug.com/

          Comment


          • #6
            Fairfield/Fairshare Plus Platinum VIP costs $100,000 at Waikiki Beach Walk! That buys you one week in a 4 bedroom presidential every year, which is 1,000,000 points. No timeshare is worth that. We didn't go on the sales presentation there, we just went to look at a unit with a salesperson.

            Comment


            • #7
              With my track record of buying from developers, I'm scared to death to go on anymore presentations. Especially when the units are getting into the 6 figure range.
              Our timeshare and other photo's at http://dougp26364.smugmug.com/

              Comment


              • #8
                Originally posted by dougp26364
                With my track record of buying from developers, I'm scared to death to go one anymore presentations. Especially when the units are getting into the 6 figure range.
                Very good!

                Comment


                • #9
                  Now that I've stopped laughing at doug's post (knowing how true his description fits most of us here!), I want to say that I'm looking forward to trading into one these! What do you think it will take to trade for one of these?

                  And what would the maintenance fees be? I like to trade to places with higher maintenance fees. If the buy price 117 times what I like to pay, do you think the maintenance fees would be that too?

                  Comment


                  • #10
                    Originally posted by bigrick
                    Now that I've stopped laughing at doug's post (knowing how true his description fits most of us here!), I want to say that I'm looking forward to trading into one these! What do you think it will take to trade for one of these?

                    And what would the maintenance fees be? I like to trade to places with higher maintenance fees. If the buy price 117 times what I like to pay, do you think the maintenance fees would be that too?
                    I don't know about HGVC Manhattan but I have gotten FF Waikiki 2 BDRM for good friends at $300/week.
                    Lawren
                    ------------------------
                    There are many wonderful places in the world, but one of my favourite places is on the back of my horse.
                    - Rolf Kopfle

                    Comment


                    • #11
                      We traded a two-bedroom Colorado summer week for Waikiki Beach Walk. But we only had a two bedroom deluxe. The Presidential was only for Fairshare Plus owners. Presidential is what I want to be.

                      Comment


                      • #12
                        Originally posted by bigrick
                        Now that I've stopped laughing at doug's post (knowing how true his description fits most of us here!), I want to say that I'm looking forward to trading into one these! What do you think it will take to trade for one of these?

                        And what would the maintenance fees be? I like to trade to places with higher maintenance fees. If the buy price 117 times what I like to pay, do you think the maintenance fees would be that too?
                        Keep in mind that HGVC is a points based reservation system. My bet is this will be an RCI points resort and more difficult to get into with a bargain priced timeshare. Can't say it for a fact but it wouldn't surprise me.
                        Our timeshare and other photo's at http://dougp26364.smugmug.com/

                        Comment


                        • #13
                          Why would anyone pay this kind of money for 1 week? What are the annual maintenace fees for something like this?

                          Comment


                          • #14
                            Originally posted by Globalresorts
                            Why would anyone pay this kind of money for 1 week? What are the annual maintenace fees for something like this?
                            I'd rather spend double for that week than buy into a pyramid scheme like Global Resort Networks.
                            My Rental Site
                            My Resale Site

                            Comment


                            • #15
                              Originally posted by BocaBum99 View Post
                              I'd rather spend double for that week than buy into a pyramid scheme like Global Resort Networks.
                              Now let's not get started down THAT road again.
                              Our timeshare and other photo's at http://dougp26364.smugmug.com/

                              Comment

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