posted 02-25-2005 15:52
I happened to save the thread to my hard drive before the TUG server problem.I'm including a cut & paste of the missing emails that were lost.
Richard
Hoc
TUG Member
Posts: 4676
From: Huntington Beach, CA Owner: Club La Pension, New Orleans; Nob Hill Inn, S. F.; Pueblo Bonito, Mazatlan; Allen House, London; Custom House, Boston
Registered: Jan 2001
posted 02-22-2005 23:25
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OK, I bit the bullet and decided to add another 15,000 annual points to my membership. So, I got them for $406 on ebay this evening. Closing costs are only $150, and the resort transfer fee of $350 means I bought the additional points for a total of $906.
Of course, that's 10,000 more points annually than I actually want, and it raises my annual maintenance fees, but at least I now have enough points to book a week in Paris or Rome during prime season every other year.
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Those are my principles. And if you don't like them, well, I have others.
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bhurley902
TUG Member
Posts: 801
From: hoboken, nj, usa
Registered: May 2003
posted 02-23-2005 03:40
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Hoc --
I'm curious as to why you think a points membership is better for this purpose. My weeks' membership gets me a annual week, including July and August (I have to work around school vacaations for a couple more years), for maintenance fees of about $600.
I researched both before I bought, and concluded that the weeks' membership worked better for me. What am I missing?
Betsy
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Hoc
TUG Member
Posts: 4676
From: Huntington Beach, CA Owner: Club La Pension, New Orleans; Nob Hill Inn, S. F.; Pueblo Bonito, Mazatlan; Allen House, London; Custom House, Boston
Registered: Jan 2001
posted 02-23-2005 07:05
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quote:
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Originally posted by bhurley902:
I'm curious as to why you think a points membership is better for this purpose.
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Primarily because I use this membership for an extended weekend at a place, rather than for a whole week.
Secondarily because sometimes I want studios, sometimes 1-brs. and sometimes 2-brs. The points membership gets me that, where a weeks membership would tie me either to the smaller unit, or to a larger unit with a larger maintenance fee.
Finally, I have never seen a weeks membership in RHC sell for less than $200, which is what I paid for my initial points membership.
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Those are my principles. And if you don't like them, well, I have others.
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christsh
TUG Member
Posts: 2
From: Stillwater, MN...Purgatory Village Resort, Sandcreek Club, Villas of Palm Springs,Williamsburg Powhatan
Registered: Jan 2005
posted 02-23-2005 12:31
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Hello.. I have been "lurking" on the board for a few weeks now and I have learned so much. At first, I thought you were speaking another language, but now I am getting familiar with points, fees, weeks, and a ton of acronyms( MF RHC ...)
I do, however, still have some( about a million) questions about points. I have bought a couple of weeks at points resorts. Does that mean I am a points member? What do I do to change weeks to points? I know this has probably been discussed but it has not gotten through my slightly past middle aged skull. Will some patient and kind person please explain? Thanks...I have had fun reading the posts (when I understand them)
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michelle christensen
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Judy321
TUG Member
Posts: 868
From:
Registered: Mar 2004
posted 02-23-2005 13:12
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quote:
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Originally posted by Hoc:
OK, I bit the bullet and decided to add another 15,000 annual points to my membership. So, I got them for $406 on ebay this evening. Closing costs are only $150, and the resort transfer fee of $350 means I bought the additional points for a total of $906.
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Hoc, I was thinking of bidding on that auction! I'm glad I didn't bid against you! So, will you try to combine your two memberships, to lower the MF?
I started another thread on this, but didn't get an answer -- Can RHC devalue points? That is, can they engage in "points inflation" and arbitrarily raise the umber of points needed to book a room? Or, is there a guarantee that the number of points needed to book a particular room will stay the same?
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Hoc
TUG Member
Posts: 4676
From: Huntington Beach, CA Owner: Club La Pension, New Orleans; Nob Hill Inn, S. F.; Pueblo Bonito, Mazatlan; Allen House, London; Custom House, Boston
Registered: Jan 2001
posted 02-23-2005 14:51
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quote:
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Originally posted by Judy321:
Hoc, I was thinking of bidding on that auction! I'm glad I didn't bid against you! So, will you try to combine your two memberships, to lower the MF?
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Yes, I'm going to try to combine the memberships. If I can't do that, I suspect I'll sell the 10,000 point membership.
If you had bid against me on the auction, it wouldn't have been much of a contest. I bid a maximum bid of $450, placed 3 seconds before the close of the auction. I don't get mired in bidding wars. I just figure out what the maximum price is that I am willing to pay, and then I snipe with that price at the last second.
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Those are my principles. And if you don't like them, well, I have others.
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Janie
Moderator
TUG Volunteer
Posts: 2616
From:
Registered: Dec 2000
posted 02-23-2005 14:58
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Judy, I've been looking at their website for some time. I haven't really noticed that point values change, but their affiliated properties seem to change fairly frequently. I'm not sure you could be on them being available from year to year. For example, when I first started looking at RHC, they had several choices in Florence. Now they have only one, and it costs many, many points to stay there: You might as well stay at a hotel or rent an apartment.
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Janie
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bhurley902
TUG Member
Posts: 801
From: hoboken, nj, usa
Registered: May 2003
posted 02-23-2005 15:58
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quote:
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Originally posted by Hoc:
Primarily because I use this membership for an extended weekend at a place, rather than for a whole week.
Secondarily because sometimes I want studios, sometimes 1-brs. and sometimes 2-brs. The points membership gets me that, where a weeks membership would tie me either to the smaller unit, or to a larger unit with a larger maintenance fee.
Finally, I have never seen a weeks membership in RHC sell for less than $200, which is what I paid for my initial points membership.
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Ah ... makes sense. I tend to use hotel points when I do long weekends, so I hadn't thought about that aspect/flexibility. Re Price -- they're out there. I'm on the hunt for a Presidential unit ... I let one go recently because I just couldn't bring myself to pay Resort Closing's fees on top of the transfer fee. Probably should have bit the bullet, but I just couldn't do it!
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Hoc
TUG Member
Posts: 4676
From: Huntington Beach, CA Owner: Club La Pension, New Orleans; Nob Hill Inn, S. F.; Pueblo Bonito, Mazatlan; Allen House, London; Custom House, Boston
Registered: Jan 2001
posted 02-23-2005 23:03
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quote:
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Originally posted by bhurley902:
Re Price -- they're out there.
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I do have to say that I really appreciate the crybabies out there who are always whining and threatening to file class action suits against RHC based on the same behavior of virtually every timeshare salesperson and developer of every resort out there.
They keep potential buyers away and keep the price of these units artificially low compared to what you get. That's what lets us buy a timeshare interest that gets you a week in London, Rome, Madrid, Paris, New York, Cairo, etc., etc., for less than $500.
And when you really look at their complaints, look at what they are saying: They said I could trade this unit for any resort, anywhere, any time. They said that I could reserve this unit, and rent it at a profit. I decided I had paid too much so, after a year, I tried to back out and they wouldn't let me. I realized that this interest cost too much, so I stopped paying, and then they sent a collections agency after me! And so on, and so on. Sometimes I want to interject myself into the conversation and yell (virtually, of course) STOP WHINING!
But, of course, it is their whining that let us buy this thing so far below what the market should be. I guess the only time I'll really get ticked at them is if I ever try to sell, and their whining continues to depress the price at which I ultimately can sell my interest.
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Those are my principles. And if you don't like them, well, I have others.
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RonaldCol
TUG Member
Posts: 976
From: Chicago, IL USA; owner at Bluegreen's Christmas Mountain Village; Shell Anaheim and Fairfield's Dolphin's Cove in Anaheim.
Registered: May 2002
posted 02-24-2005 07:35
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Adding to HOC's comments ...
The implied premise on which the TUGgers operate is this: We are able to take advantage of those who were "ripped" off at the retail pricing of timeshares. The resale buyers will always have an advantage over the retail buyers. The retail buyers create an umbrella under which the resale buyers operate.
This being said, let's go on ... what's the next deal?
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"Stop me before I buy again!"