$117,120 for one week of timeshare!

[wackymother]

I would feel very, very safe going to a timeshare presentation for a $117,000 week. I would find it easy to say no!

[mav]

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.

[dougp26364]

Originally Posted by wackymother

I would feel very, very safe going to a timeshare presentation for a $117,000 week. I would find it easy to say no!

With my habit of buying from the developer, I guess I should be more than glad they're getting to darn expensive. When HGVC hit me up for $45,000 for a platinum penthouse unit (not certain if that was 2 or 3 bedroom) and enough points to get us elite status, I blinked.......twice. There's just NO WAY I'm paying $45,000 for one week of timeshare. Not when I can purchase enough points for elite status resale for maybe $30,000 less than that and have enough points to reserve that penthouse unit.

[Globalresorts]

How in the world can people pay this kind of money for one week at a timeshare?

[dougp26364]

Originally Posted by Globalresorts

How in the world can people pay this kind of money for one week at a timeshare?

For some people it's pretty easy. For others there's no way. Still some could pay it but have had to earn there money and value what it can do for them or others besides buy a once/year vacation.

People go into clubs in Vegas and pay $300 for a bottle of vodka they could pick up at the store for $30 or $50. People gamlbe when the sign clearly states 98% payback (that's less than 100% folks). Everyone has a different comfort level or comfort zone. I doubt Donald Trump could ever be satisfied living in the likes of my home.

On Palm Beach Island in S. FL stands one mansion among many. It's on a lot that was once occupied by two multi-million dollar mansions. When the man closed on the sale of both homes he picked up his cell phone and told the crews to "go." They began tearing down those two homes so he could rebuild his summer home on those two lots.

Money has different values to different people. I'm certain a few hundred thousand dollars means little or nothing to the likes of Paris Hilton. That is unless daddy cuts her off from the family fortune and she has to make it using her own brains and abilities.

There's a lot of people that manage to pay several hundered thousand or even a little over 1 million for condo's on top of mountains, on the ocean or even on the Vegas strip. Where all that money and/or credit comes from I have a feeling I'll never know.......but I keep hoping. ;)

[T. R. Oglodyte]

Originally Posted by dougp26364

There's a lot of people that manage to pay several hundered thousand or even a little over 1 million for condo's on top of mountains, on the ocean or even on the Vegas strip. Where all that money and/or credit comes from I have a feeling I'll never know.......but I keep hoping. ;)

It's like ski village ghost towns. In many ski areas, slope side condos are built and sold at a premium price to owners who occupy the units only two or three weeks per year. The rest of the time they sit totally empty, even though there may be people clamoring for rentals.

In the early stages of development at Whistler, Intrawest sized up the situation and included in condo covenants that owners could occupy their units for no more than 30 days during each of the peak seasons (summer and winter). The rest of the time the unit had to be listed with a rental agency and available for rental. The strategy worked well - Whistler has lots of rentals available - in a wide variety of price ranges. The merchants love it because it means there are people in the Village continually - much better for business than having everyone heading out to more remote locations after the lifts close.

[GrayFal]

Originally Posted by dougp26364

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.

I think even YOU could resist that one!

[Miss Understood]

I think the people who pay very high prices tend to compare the timeshare to owning a vacation home. A full ownership home in a high cost vacation area would be multiples of the timeshare price plus you would need to furnish and maintain it. I believe those of us who pay low prices see the comparison more as a choice between a timeshare, or a week in a hotel. If the price is excessive, we opt to stay in a hotel or rent a condo for the week and pay as we go.