Interested in buying a resale

[ace2000 Senior Member Find all posts View Profile Close ace2000]

Hi BobbyO, first I appreciate your perspective very much. It's enlightening for me to hear the opposing side of any discussion. Sometimes it's even entertaining... please stick around.

It appears that you don't like getting called out on certain things, and eventually over time you'll probably just vanish like the others with your 'ask no questions' mentality. Again, please stick around and try to answer a few more of the rebuttals that are thrown your way. You don't appear to appreciate anyone who tries to question you.

[ace2000 Senior Member Find all posts View Profile Close ace2000]

Because I never violate my own rules and always make sure to help my customers get their trades, pulling strings if necessary - even using my own personal points - to make it happen, I sleep very well at night.

Does it bother you to sell a product that is worth less than 10% of the purchase price, a week later?

[BobbyO1967 Member Find all posts View Profile Close BobbyO1967]

What does bother me

Ace,

Because I sell in Newport, that never happens. Because now I sell mostly on the secondary market, that never happens. Because I sell the product as a vacation strategy and not an investment, even if the premise were true, it wouldn't bother me.

What does bother me is a lack of an exit strategy 10 years ago. We should have seen this day and planned for it. We didn't. Some folks got hurt because of that. I do my best to fix what I can.

[BobbyO1967 Member Find all posts View Profile Close BobbyO1967]

One other thing

When people lie, it's going to get pointed out. When people demean other good people without facts, that's going to be pointed out too. Sorry some here wish not to be accountable or try to pass off anecdotal evidence as reality. That also won't fly.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Jya, you sure your name isn't Ace??

1 night reservations aren't encouraged, in some cases allowed, because they create a logistical nightmare. In most major resort towns during high season, you can't make 1 night reservation as well until the day before or day of.

Are you really going to try and compare a 600 square foot hotel to a two bedroom? Really? Then rollouwt some seriousness about controlling "how much you rent"? By the way, where are these hotels where you name your price? Nowhere that I would be interested in.

1. I am not Ace. Did not use any 2nd name before, and I usually sign my name in most my post.

2. I don't care what you do for living, and it does not matter into your argument, it does not make you more knowlegeable, or less knowlegeable. It may make you an expert in selling TS especially knowing how Wyndham does in selling its TS, that does not make you better owner or know a lot of trick on exchanging TS.

3. You are the one that first talk about hotel cost and compare it to resort. I did not. I just point out that resort are not that flexible, so if you are looking for MF as whole, you need to remember when you see some number comparison, what you actual see. and what you actual use to get these number. As a simple comparison, if you use hotel price, it includes the new/renouvate hotel. A TS, if you try to get a newer resort, you will usually pay higher price, while if you refurbish your resort, you usually don't get doallar to dollar return. So, although from inflation point of view, owning seems like go up only with inflation index and hotel seems like outpace the inflation index by 2 times, the actual use and the potential SA does make both actually goes at the same rate.

At this moment, if you consider the potential risk and reward, treat this as a vacation tool, rental in a lot of situation maybe much better than owning. Even if you like to rent a condo type as your vacation selections.

Jya-Ning

[ace2000 Senior Member Find all posts View Profile Close ace2000]

When people lie, it's going to get pointed out. When people demean other good people without facts, that's going to be pointed out too. Sorry some here wish not to be accountable or try to pass off anecdotal evidence as reality. That also won't fly.

Looks like we have new sheriff in town folks!!! Who's going to police the police???

[ace2000 Senior Member Find all posts View Profile Close ace2000]

The average maintenance fee goes up 3.5% per year. Sometimes, in a coastal area, this number can be thrown off due to the salt factor.

BobbyO, I'm going to call you out on this one. To use your own words... Strong opinions are welcome. Lies are not.

You are absolutely wrong. wrong, wrong. The average maintenance fee has risen at a higher than 10% per year clip.

Guess we need a new sheriff... if you can't be factual, at least be entertaining... you ARE very entertaining.

[ace2000 Senior Member Find all posts View Profile Close ace2000]

The Wall Street Journal throughout the early 2000's showed double digit inflation for hotel prices.

Throughout the early 2000's??? That's your sample size? You're spanning a few years, that covers a period of time 10 years ago?

That's a good one! Do you use that example with your customers also?

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

The Wall Street Journal throughout the early 2000's showed double digit inflation for hotel prices.

Just for fun, you can easily see 10K of most public trading company that is still alive from various site. Since Marriott has not yet change its company name, we can simply pull its 10K and read it. (http://www.nasdaq.com/asp/quotes_sec...MAR&symbol=MAT)

In it, one of the section it contains all its hotel barnd name, how much the room charge, what is the RevPAR (or room charge times occupancy rate)

It has all the way back from 1999 to 2011 March (recent file) If you use only Marriot's Own Brand North American Own operation and look at it

Year / Room Cost / % change compare to prior year
1998 / $137.95 / 6.7%
1999 / $140.86 / 2.1%
2000 / $149.5 / 6.1%
2001 / $149.5 / -4.4%
2002 / $137.28 / -4.0%
2003 / $135.42 / -1.4%
2004 / $143.7 / 6.1%
2005 / $154.84 / 7.8%
2006 / $168.11 / 8.6%
2007 / $167.56 / -0.0%
2008 / $178.24 / 6.3%
2009 / $157.81 / -11.5%
2010 / $156.27 / -0.0%
2011 (upto March) / $163.17 / 4.4%

So the last 12 years, the price cost for a hotel room is about increased by 18%. or increase by 1.4% per year over 12 years span.

even if you discount 2009 which we saw economic crash, it is about 2.6% increase per year.

You can find resort MF from this site, from a few site, and from ARDA, which usually don't put in SA. As I recall, it beat either number handily as of now. And that is exclude SA.

I can find 1 year, at certain region, price increase over double digit that I am pretty sure. But that is really meaningless.

Jya-Ning

[ace2000 Senior Member Find all posts View Profile Close ace2000]

So the last 12 years, the price cost for a hotel room is about increased by 18%. or increase by 1.4% per year over 12 years span.

We've just ruined his whole sales presentation now with the facts... but, why should the facts get in the way of a good sales pitch???

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

We've just ruined his whole sales presentation now with the facts... but, why should the facts get in the way of a good sales pitch???

My fault.

I should encourage better sale pitch, not kill them. Maybe I can use the hotel in the country that has quicker inflation rate (like China), that certainly show double digit easily and make the number much worth the ownership.

Jya-Ning

[ace2000 Senior Member Find all posts View Profile Close ace2000]

My fault.

I should encourage better sale pitch, not kill them. Maybe I can use the hotel in the country that has quicker inflation rate (like China), that certainly show double digit easily and make the number much worth the ownership.

Jya-Ning

Hilarious! Come to think of it, maybe he wasn't referring to the U.S. when he mentioned that timeshare maintenance fees have only been increasing at a 3% rate... perhaps he was referring to timeshares in Thailand or something... my bad.

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

When people lie, it's going to get pointed out. ...

We may be cynical, but we know the smell of BS.

[BobbyO1967 Member Find all posts View Profile Close BobbyO1967]

Ace gets caught in two lies at the same time

Gee Ace, you and the truth are total strangers . . .

First, the 10% number is laughable. I'm looking at the history of 12 fees in one of the highest taxed, most visited, salt air affected places on the planet and 10% is a joke.

Secondly, what Ace does not want you to comprehend is that everything about 3.5% can be attributed to foreclosures and not the running and/or budgeting of the resort.

When owners fall off, those fees need to be absorebed. That has nothing to do with running, planning, budget, taxes, and/or maintenance. In fact, based on the economy, if a resort can hold its ownership, the number has been lower than 3.5.

Why don't you just come out and tell the world what you are: a jealous hater. Even more pathetic, you slander people, like the imaginary people Carolinian brought up - with a fake name.

[ace2000 Senior Member Find all posts View Profile Close ace2000]

Gee Ace, you and the truth are total strangers . . .

First, the 10% number is laughable. I'm looking at the history of 12 fees in one of the highest taxed, most visited, salt air affected places on the planet and 10% is a joke.

The actual rate maintenance fees have increased is 12%, and that is since 2005. That number can be quoted from ARDA - American Resort Development Association.

As for the rest of your nonsense, I'm going to stick to the facts.

Want to share where you get your information from?