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Message
re: Disney Vacation Club. Pro's vs Con's
Posted on 9/23/12 at 9:09 pm to kjntgr
Posted on 9/23/12 at 9:09 pm to kjntgr
quote:
Anyone know anything about Exclusive Resorts. Close friend is a member. We have been on several trips with them. Even OT ballets would be impressed.Fabalous properties all over the world.
Destinations are legit, worthy of any OT baller.
However I don't think it's really a great deal. On top of the $175k fee to join, you still have to pay an annual fee of just over $1k per day on your membership (typical membership is 20 days).
There are better options if you are interested in that level of luxury, in my opinion.
2
Posted on 9/23/12 at 9:56 pm to RC
RC, have been to Naples, Fla, Las Vegas, Lake Tahoa, Cabo, and thinking about Tuscany, with our friends. They probably do 40-50 days per year. You have a personal conscier ( sp) that takes care of every detail. The properties are breathtaking.
Posted on 9/23/12 at 9:57 pm to kjntgr
My spelling is terrible.
Posted on 9/24/12 at 6:39 am to TigerDik86
quote:
Family is looking into a few potential Time Share investments.
oh, and I would not treat this as a traditional investment or investment at all. Just a vacation home/getaways. Sure you can get money back(probably not all though) selling some or all of your points, but as i stated earlier make sure you know about banking, borrowing and selling points.
Without actually selling points/giving up ownership you can also rent a certain time out to your friends and charge them if you cannot make it.
Posted on 9/24/12 at 6:45 am to RC
quote:
On top of the $175k fee to join, you still have to pay an annual fee of just over $1k per day on your membership
Posted on 9/24/12 at 4:09 pm to kjntgr
quote:
RC, have been to Naples, Fla, Las Vegas, Lake Tahoa, Cabo, and thinking about Tuscany, with our friends. They probably do 40-50 days per year. You have a personal conscier ( sp) that takes care of every detail. The properties are breathtaking.
No doubt the properties are awesome, but if they have 40 days per year they the standard membership of $170k for 20 days plus an additional $90k for 20 more days. Then they have to pay annual dues of over $40k.
I have stayed at their Steamboat property and bought into a 1/12 fractional ownership there. For $200k I have a deeded title to the property and my annual dues are only around $6500. I am guaranteed 2 weeks a year and I can trade those weeks to stay in the properties in Cabo, Aspen, Vail, Sonoma, Tuscany, Ireland, Scottsdale, and San Diego.
In addition to my 2 guaranteed weeks, I can stay in Steamboat as much as I want on a space available basis. Next winter I have 3 ski weeks planned in Steamboat. There is availability to do more but it's hard to get out that much between work and the kids school. I am going to the Cabo property next summer and also spending another week in Steamboat. I can do all of that for much less than I would have spent with Exclusive Resorts. My only additional fees for going beyond my 2 planned weeks are a $400 cleaning fee.
Posted on 9/24/12 at 4:12 pm to RC
Oh, and I ran it by my financial planner, who is very conservative, and he said go for it. He called it an "investment in life".
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