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Why big price spread...

IFRpilot

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I'm rather new but have been reading a lot and have sat through a few HGVC presentations. The basic conclusion I've come to is to get as many HGVC at the lowest acquisition cost with the lowest maintenance cost possible. Don't think I'm missing anything there am I? Of course that is assuming I don't care much about deeded use weeks which I don't.

So, perusing some of the ads here and elsewhere, why would someone pay something like $26k for 10k points when they could buy 7k (platinum week) points for say $8500 (at the same resort).

Surely I am missing some factors with the program in my logic? MFs aren't that far off of proportion.

Thanks all in advance for your feedback.
 

SmithOp

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Some people want unreasonable prices, they haven't faced the reality of what their unit is worth yet.


Sent from my iPad using Tapatalk
 

GT75

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I'm rather new but have been reading a lot and have sat through a few HGVC presentations. The basic conclusion I've come to is to get as many HGVC at the lowest acquisition cost with the lowest maintenance cost possible. Don't think I'm missing anything there am I? Of course that is assuming I don't care much about deeded use weeks which I don't.

It sounds to me that you understand the system very well.
 

1Kflyerguy

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Sometimes the event weeks such as Christmas or New Years sell for a premium. And at some resorts the Penthouse units may go for premium. However unless that week or particular unit is important to you, then just go with the best prices.

Dave is right, a lot of people don't want to believe the drop in price from what they may have paid the developer to market rates. You see over priced units on eBay all the time, and even some of the brokers seem to list units for way more than the going rate.
 

presley

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I think some people finance their timeshare and then when they want to sell it, they cannot sell it unless it is paid in full. So, if they owe $25K on their timeshare, they will list it for that or more. They won't sell it, but sometimes it is fun to live in a fantasy world.
 

Talent312

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So, what is the value of a HGVC week? The marketplace has spoken.
Look at closed e-bay auctions and reputable brokers' websites.
It's about 2/3 less than what HGVC fleeces from it's marks.

But folks won't accept the wheels have come off their shiny new TS.
They won't accept that they could be so gullible as to believe the lies.
IOW, "denial" is not just a river in Egypt.
.
 

pedro47

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I think some people finance their timeshare and then when they want to sell it, they cannot sell it unless it is paid in full. So, if they owe $25K on their timeshare, they will list it for that or more. They won't sell it, but sometimes it is fun to live in a fantasy world.

You have a very good point; the majority of people will finance their timeshare for seven (7) to ten (10) years; thinking that it ( the timeshare) will increase in value. The truth is that, they paid about eighty (80) percent to much for their timeshare. Now they are stuck with a huge loan payment and yearly MF. Plus, they cannot sell it or give it away until it is paid in full.
 
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