TS speculation

[quadsplus1]

Help me tuggers! I'm really tempted to buy another 2 week package at my home resort on VT. I already own 2 fixed weeks, one float, and one alternating fixed/float. We go there twice per year and rent the rest. None of the ones we own really work for us, so I always have to swap or trade or rent the weeks I can use. It's been working pretty well but I would like to sell my ski week, because I really don't need so many. But now I have an opportunity to buy a week that I am fairly confident will work well for us next year and for the forseeable future. It's such a great price, I feel I can't lose. But we would be overextending ourselves in the hopes that we can sell our winter week (this winter). We have it priced aggressively, and I feel I could probably even flip this week if I had to. But, what if there are no buyers out there, even at bargain prices? Basically I am speculating and I don't know if that is a foolish thing to do with such a flakey market. Any words of wisdom? I hate to let this deal go!

[DonM]

Originally Posted by quadsplus1

... But we would be overextending ourselves in the hopes that we can sell our winter week... But, what if there are no buyers out there, even at bargain prices? Basically I am speculating and I don't know if that is a foolish thing to do with such a flakey market. Any words of wisdom? I hate to let this deal go!

Can you afford or are you willing to suffer through a worst case scenario?

If not you have your answer.

don

[vacationhopeful]

Are you in a 12 step T/S Program yet? We all want the perfect T/S scheme, but can we TRULY afford the carrying costs for the next XXX years? Plus, IMO the energy costs to run our resorts are all going to be headed skyward - just like the airfares recently.

A bird (buyer) in hand is worth two in the bush. IMHO, sell first and then look for the perfect week while banking your $$$ savings.