Recap of my post on WM curent prices
Here is a recap from another chat room on WM:
Ok, for those of you who think I’m pulling your leg, here is a sample of today's specials at a popular reseller:
As of today here are their featured WM sales:
Item #1:
6000 ANNUAL CREDITS, 4400 UNUSED ON THE BOOKS
AUGUST ANNIVERSARY, PREMIER MEMBERSHIP
SALES PRICE ONLY $4250 PLUS CLOSING COSTS
Item #2:
6000 ANNUAL CREDITS, -400 CREDITS ON THE BOOKS
OCTOBER ANNIVERSARY WHERE YOU WILL THEN HAVE
5600 CREDITS AVAILABLE FOR USAGE
PREMIER MEMBERSHIP, DUES PAID UP UNTIL JANUARY, 2008
PURCHASE PRICE ONLY $4,200 PLUS CLOSING COSTS!!
Item #3:
7000 ANNUAL CREDITS, 17,000 UNUSED ON THE BOOKS
MARCH ANNIVERSARY, (THE 17,000 UNUSED CREDITS
INCLUDE THE CREDITS FOR THIS YEAR)PREMIER MEMBERSHIP
SALES PRICE ONLY $5600 PLUS CLOSING COSTS-
Item #4:
9000 ANNUAL CREDITS, 11,525 UNUSED CREDITS ON THE BOOKS
DECEMBER ANNIVERSARY, PREMIER MEMBERSHIP
SALES PRICE ONLY $7,000 PLUS CLOSING COSTS
Item #5:
10,000 ANNUAL CREDITS, 6700 UNUSED CREDITS ON THE BOOKS
JULY ANNIVERSARY, PREMIER MEMBERSHIP
SALES PRICE ONLY $7400 PLUS CLOSING COSTS
Item #6:
12,000 ANNUAL CREDITS, 6902 UNUSED CREDITS ON THE BOOKS
OCTOBER ANNIVERSARY, PREMIER MEMBERSHIP
SALES PRICE ONLY $8500 PLUS CLOSING COSTS
Item #7:
37,000 ANNUAL CREDITS, 41,000 UNUSED CREDITS ON THE BOOKS
OCTOBER ANNIVERSARY, PREMIER MEMBERSHIP
ASKING PRICE ONLY $27,250 PLUS CLOSING COSTS!
When you “Normalize” the accounts* you get:
Item #1 costs 72¢
Item #2 costs 76¢
Item #3 costs 71¢
Item #4 costs 76¢
Item #5 costs 76¢
Item #6 costs 74¢
Item #7 costs 73¢
As you see 70¢ is not that far away.
* Normalized means that the number of credits in the account, ready to spend, is exactly equal to the size of the account up for sale. E.g. a 10,000 WM account with 12,000 credits would reduce the sales price by 2,000 * 6¢ or -$120. 6¢ is used for both renting in or out credits.
4 years ago you could have added 10¢ to each of the above for the prices back then. I looked for a month or so until I found an 80¢ sale.
4 years ago Wyndham/TrendWest sold WM credits for $1.55 and today it's $1.82.
Anyone celebrating this has got to have a heart to heart talk with a shrink.
Here is the eMail that started and probably ends this thread:
THIS IS 7K ANNUAL WITH 14K UNUSED AND A NOVEMBER ANNIVERSARY FOR
$5300....... ..CONTACT. ..JEFF FXXXXXXXXXXXXXXXXXX
This normalizes out to 69.7¢ per WM credit
Here's another one I just got from the same reseller:
Worldmark/The Club, 7000 Annual Credits
7000 Unused credits on the books, January Anniversary
Premier Membership, Maint. fees $406
Purchase price only $4,900
That's exactly 70¢ a credit.
Conclusion:
Paying more than 75¢ is a waste of your money.
Good hunting,
P.S.
My point of the post was that folks were delighting in the plummeting price of WM credits - that's great if the slide ends in the wake of the developer's price rising in the same time from $1.55 a WM credit to $1.80.
If you have no WM credits this is a fire sale.
If you own WM credits you are standing in the fire.