Point Values

[cjnix33 Junior Member Find all posts View Profile Close cjnix33]

Ok, I bought my points directly from the developer in 2008. We had originally bought an EOY package from one resort, but then upgraded, and got a completely different deeded interest for the annual points. They took back the old, and gave us a new one.

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

Ok, I bought my points directly from the developer in 2008. We had originally bought an EOY package from one resort, but then upgraded, and got a completely different deeded interest for the annual points. They took back the old, and gave us a new one.

You are in Trust Fund E. You are in a good position to add points to your account over time.

[swirg53 Senior Member Find all posts View Profile Close swirg53]

Hi Folks,

I must humbly apologize to anyone who I have hurt in this thread or any other for that matter if that be the case.

I stand corrected and if anyone felt I spoke disrespectfully of them or slandered them, I apologize and it was not done with any malintent and in fact, it was not done intentionally at all. I apparently misinterpreted what had been said and even quoted and I must admit I am still confused. I don't understand how something can be an equivalent charge and yet be yet a higher charger at the same time. That is non-rhetorical, however. I don't expect a clarification and in fact, I don't want a clarification. I am done with this issue and won't post any more on this thread.

Indeed, I am very sorry I ever tried to explain anything in this thread and I am almost very sorry I ever post at all. If you find I basically disappear, it will most likely be because I think it is the most advantageous thing for all.

One of the people in this group and on the Yahoo group whom I have utmost respect for is Charles and I certainly would never dishonor him in any way. It has been pointed out to me that he made a post to the group because he felt the need to correct me as well since I posted something in error about him. I have a feeling there was much interpretation all the way around in that observation, but again.............it's water under the bridge (or is that over the bridge????)

Is it ever going to warm up?

Susan

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

10000 bi-annual = 5000 annual points. The 2009 maintenance fees and taxes for such a package is $495.50 every year.

There's a sale on TUG where someone says they've got 8000 annual points and pay $500/year maintenance fees - so 10000 bi-annual pay the maintenance fees of 8000 annual?

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

There's a sale on TUG where someone says they've got 8000 annual points and pay $500/year maintenance fees - so 10000 bi-annual pay the maintenance fees of 8000 annual?

There are 5 different Trust Funds for the Bluegreen Vacation Club. So, when someone says they pay $500, that is not enough information to tell you much.

I've found that you cannot rely on what people report as the maintenance fees due to the following:

1) There are 5 different Trust Funds. Maintenance fees are NOT the same at a given resort. You can have 2 points packages for the same week and unit type in units next to each other and they can have difffernt maintenance fees.

2) Most owners don't know what they own. So, when they report a number, you never know what that number actually includes. It may or may not include ARDA, Taxes, Reserves, special assessments, late fees, finance charges, annual dues.

3) Sometimes they report last year's MF and Taxes.

So, it is quite a process to determine what someone actually owns.

[cjnix33 Junior Member Find all posts View Profile Close cjnix33]

You are in Trust Fund E. You are in a good position to add points to your account over time.

Ok, but didn't an earlier post say owning in Trust Fund E wasn't a good thing? Or that it was more expensive? So confused!

[swirg53 Senior Member Find all posts View Profile Close swirg53]

Ok, but didn't an earlier post say owning in Trust Fund E wasn't a good thing? Or that it was more expensive? So confused!

It really depends on how many points you own.

[cjnix33 Junior Member Find all posts View Profile Close cjnix33]

It really depends on how many points you own.

We own 8000 annual points.

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

Ok, but didn't an earlier post say owning in Trust Fund E wasn't a good thing? Or that it was more expensive? So confused!

If you own less than 10000 annual points, then Trust Fund E points have maintenance fees higher than other programs. It's only when you get over 13000 annual points that there is an advantage to owning these points.

[cjnix33 Junior Member Find all posts View Profile Close cjnix33]

Yikes, how is anyone supposed to know that when you purchase?!

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

Well, few people do know, of course. There's some evidence that Bluegreen's trying to balance it all out (i.e., that's the direction things have been shifting in), so you pay the same maintenance per points whatever Trust Fund you're in, but they're not there yet.

Even if you did know going in which was the best deal for fewer points and which the better deal for more points, it might not help, because a fair percentage of people who think they only want a few points end up buying up, and a fair percentage of people end up with more points than they ever use. Knowledge isn't always power. It has to be the right kind of knowledge.

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

Yikes, how is anyone supposed to know that when you purchase?!

Well, that's the thing. A sales person only is interested in selling you the product they can offer you. At Bluegreen, they can only sell Trust Fund E points. So, no matter what your situation is, the answer is Trust Fund E points. They are not interested in telling you about options that may be better for you that they don't have to offer. So, you have to find out yourself. That's why we are here, to educate people about timesharing and specific resort group nuances so you can make an intelligent decision on your own.

Jim

[snowbirdnw Junior Member Find all posts View Profile Close snowbirdnw]

Is were you are deed matter when selling?

We have updated a few times and every time we don't pay attention to where we are deeded and week and unit. Now that I been trying to sell our timeshare, I am ask where and when and the unit size. Does it matter? I thought it all that matters is the number of points? True?

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

It matters to some people. Some people prefer to be deeded somewhere "safe" (i.e., they don't want Florida because of hurricanes). Other people want to be sure they're deeded close to home, and maybe even at certain times of years, in case Bluegreen goes south with a vengeance and their ownership becomes a more standard timeshare, or because they want first pick of their unit and week.

I think some people like to keep all their ownerships in the same resort, too. But for a lot of people it may be just curiosity. Most Bluegreen owners are more interested in the points than the place, but OTOH, people who know about the resale market are the ones most likely to be informed owners who know there are potential benefits to owning a particular unit or week, and consider that even if they think it unlikely they'll make use of those benefits.

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

It matters to some people. Some people prefer to be deeded somewhere "safe" (i.e., they don't want Florida because of hurricanes).

Good point. You can lose your points if the resort is destroyed and can't be rebuilt, or by eminent domain, or if the owners decide not to continue the having the timeshares. (I find the last one hard to believe unless maintenance at that resort becomes excessively expensive.)

Charles