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On Tue, 19 May 2009 13:52:16 -0400, HK wrote:
jps wrote: On Tue, 19 May 2009 13:29:30 -0400, HK wrote: wrote: On Tue, 19 May 2009 12:21:58 -0400, "Reginald P. Smithers III, Esq." wrote: Buying a timeshare directly from the developer is a VERY expensive way to go on vacation. They are NEVER a good deal. You can buy the exact same timeshare in the resale market for 10 -20 cents on the dollar from individuals trying to get rid of a timeshare. It is always fun going to one of those time share pitches with my brother in law. He is one of those gifted people who can crunch big numbers in his head instantly. He catches the salesman in mid sentence with the lifetime cost of the time share, summarized as annual rent, extended cost of the note and such within seconds of the guy telling us how "cheap" it is. Usually they will just give him his free gift and send him on his way as quickly as possible. It sorta depends on what you get, how much you pay for it, and whether you can take full advantage of what is offered. Currently, the Disney time shares similar to what we have are selling on the resale market for three times what we paid for ours about 10 years ago, even in today's sucky economy. I didn't have a "note," as we paid for the share in cash. My folks did the same in Mexico 25 years ago. We went with them for years and really enjoyed it. Listened to their pitch several times and agree with your take. If you can take advantage of it, depending on the price, it can be worth it. I've looked on ebay for timeshares in the same area of Mexico and (prior to swine flu scare) found that many people are happy to unload them for next to nothing to avoid the yearly maintenance fees. I expect between flu and drug cartel news that Mexican timeshares are pesos to the dollar. First time I was in Cancun, I went to a pitch about a timeshare south of there, on the way to Tulum. This was 30 years ago. It was a deal incorporating Mexico's land lease provisions for non-nationals. The developer hadn't broken ground yet. The "share" for two full weeks was about $1500. Went by the place again in 1992, I think. Fully developed, and shares now selling for 20 times the original offering price. Tulum and Merida are two of my favorite places in Mexico. We've concentrated on the left coast. Cancun seems too much like San Diego, with most destinations being vacation spots and little else. Part of the charm is going to a city with some history and culture and locals to mix and learn from. Nothing like going to a city center and taking in the Catholic church, public market, shops and food. Great experience for the kids. They get to witness kids in very different circumstances. Good reference for their lives in the US. When I was 13, my folks took the family all over Mexico including a trip via taxi from Acapulco to Mexico City. It was an incredible eye opener for a new teen. That was in the sixties when there was a real middle class emerging in the country. It's since been squashed. |
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