"Who Moved My Cheese?"

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

It may be good for some of us to read (or re-read) this book. I really think everyone should read it.

I have to say I love being a Bluegreen owner but I'm seriously thinking of dumping what I have because of this DRI thing. I have two TS ownerships and have been thinking of dumping one of them. DRI may have made my decision a little easier. My family doesn't know about this yet. I'm sure they will be very upset. We have kind of made Big Cedar an annual thing.

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

"Who Moved My Cheese?"

It may be good for some of us to read (or re-read) this book. I really think everyone should read it.

I love this book. A friend gave me their copy, and I've read it a couple of times already.

[hliw Moderator Find all posts View Profile Close hliw]

Excellent Book

All managers (of people or life) should read this terrific little book. He also wrote a book called the 5 minute father or something like that. My husband loves it.

Cheers!
HLIW

[TravelBug Member Find all posts View Profile Close TravelBug]

Another "Who Moved My Cheese" fan here. I re-read it every year or so.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

It may be good for some of us to read (or re-read) this book. I really think everyone should read it.

I have to say I love being a Bluegreen owner but I'm seriously thinking of dumping what I have because of this DRI thing. I have two TS ownerships and have been thinking of dumping one of them. DRI may have made my decision a little easier. My family doesn't know about this yet. I'm sure they will be very upset. We have kind of made Big Cedar an annual thing.

I never sell anything out of fear. That point is always the maximum time to lose money.

If you were going to sell anyway, then this is a good decision for you. But, if you liked the Bluegreen Vacation Club and are making this decision only due to this announcement, I believe you are making a mistake.

I have spent my entire business career in downsize mode due to changing industries. Fear was always a part of every big thing that happend in the industry, the economy or my company. What that experience did for me was create a keen sense of impending trouble and creating contingency plans around potential major threats. When someone learns how to do that, they learn to roll with the punches.

Whenever someone moves the cheese, it's time to look for where the new cheese is at and go for it. There is almost always a new cheese. For every disaster, there is always new opportunity. The key is to find it and not live in the past.

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

I never sell anything out of fear. That point is always the maximum time to lose money.

If you were going to sell anyway, then this is a good decision for you. But, if you liked the Bluegreen Vacation Club and are making this decision only due to this announcement, I believe you are making a mistake.

I have spent my entire business career in downsize mode due to changing industries. Fear was always a part of every big thing that happend in the industry, the economy or my company. What that experience did for me was create a keen sense of impending trouble and creating contingency plans around potential major threats. When someone learns how to do that, they learn to roll with the punches.

Whenever someone moves the cheese, it's time to look for where the new cheese is at and go for it. There is almost always a new cheese. For every disaster, there is always new opportunity. The key is to find it and not live in the past.

Well said!

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

I never sell anything out of fear. That point is always the maximum time to lose money.

If you were going to sell anyway, then this is a good decision for you. But, if you liked the Bluegreen Vacation Club and are making this decision only due to this announcement, I believe you are making a mistake.

I have spent my entire business career in downsize mode due to changing industries. Fear was always a part of every big thing that happend in the industry, the economy or my company. What that experience did for me was create a keen sense of impending trouble and creating contingency plans around potential major threats. When someone learns how to do that, they learn to roll with the punches.

Whenever someone moves the cheese, it's time to look for where the new cheese is at and go for it. There is almost always a new cheese. For every disaster, there is always new opportunity. The key is to find it and not live in the past.

This is not necessarily out of fear. I was thinking of trying to get out of one of my timeshares due to budget cuts in my household anyway. There are a lot of factors involved in which one I choose to sell but the DRI threat may have tipped the scale for me. Whether the deal goes through or not, I just don’t think either party has the owner’s best interest at heart. This disappoints me about Bluegreen.

I do like the BG resorts we have been to but with the rising cost of everything, I expect to take a hit on maintenance fees this year. I think a buyout by DRI will only add to that. I’m not sure that holding out is a gamble I’m willing to take. I’ll probably give it a little time though. Either way, I don’t have that much invested to “lose money “.

Owning a timeshare is a luxury not a necessity. When times are tough, luxuries will be the first thing I cut back on. One thing I am learning is that I never plan to get too deep into a single timeshare or system unless I find the perfect one for me. I actually thought Bluegreen was.

[rapmarks Moderator Find all posts View Profile Close rapmarks]

Boca "Bum
I liked what you said above.
I have some concerns as a homeowner and owner of three lots at christmas Mountain. what will this mean for us and also those with fixed weeks and other ownerships not in the Vacation Club. At our homeowners meetings, they have announced they lost $800,000 at Christmas Mountain in the last two years. they said they will no longer subsidize these losses. I am assuming the losses are on the golf course, ski hill and restaurant. Homeowners are dependent on the corporation for the sewer system and the cable as well as a fee which allows us to use the resort. The homeowners negotiated with the propane ciompany to give us the same price they give Bluegreen. This spring Bluegreen refused to sign the contract and the homeowners cost went up over 50%. I guess we should have seen the signs that this buyout was coming.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

This is not necessarily out of fear. I was thinking of trying to get out of one of my timeshares due to budget cuts in my household anyway. There are a lot of factors involved in which one I choose to sell but the DRI threat may have tipped the scale for me. Whether the deal goes through or not, I just don’t think either party has the owner’s best interest at heart. This disappoints me about Bluegreen.

I do like the BG resorts we have been to but with the rising cost of everything, I expect to take a hit on maintenance fees this year. I think a buyout by DRI will only add to that. I’m not sure that holding out is a gamble I’m willing to take. I’ll probably give it a little time though. Either way, I don’t have that much invested to “lose money “.

Owning a timeshare is a luxury not a necessity. When times are tough, luxuries will be the first thing I cut back on. One thing I am learning is that I never plan to get too deep into a single timeshare or system unless I find the perfect one for me. I actually thought Bluegreen was.

Like I said, if you were thinking about selling anyway, then by all means you should.

I must admit, I was much more concerned when David Siegel's company initiated a hostile takeover attempt of Bluegreen just a short while ago. That didn't amount to anything at all and the implications of it were far more onerous than DRI.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Boca "Bum
I liked what you said above.
I have some concerns as a homeowner and owner of three lots at christmas Mountain. what will this mean for us and also those with fixed weeks and other ownerships not in the Vacation Club. At our homeowners meetings, they have announced they lost $800,000 at Christmas Mountain in the last two years. they said they will no longer subsidize these losses. I am assuming the losses are on the golf course, ski hill and restaurant. Homeowners are dependent on the corporation for the sewer system and the cable as well as a fee which allows us to use the resort. The homeowners negotiated with the propane ciompany to give us the same price they give Bluegreen. This spring Bluegreen refused to sign the contract and the homeowners cost went up over 50%. I guess we should have seen the signs that this buyout was coming.

I think what you are personally experiencing is exactly why Bluegreen wants to sell out to another company. The timeshare division in Bluegreen is healthy and strong. The residential real estate portion of Bluegreen is what is hurting. This is true for all real estate developers that are publicly held.

Bluegreen will be announcing quarterly earnings soon. I'll bet the announcement of the letter intent for an acquisition was in part due to the type of results Bluegreen will be releasing. I don't know for sure, but I suspect it. If they have a bad quarter, the potential suitor will blunt the blow to the stock and at the same time enable Bluegreen to declare that it's for sale.