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Re: Planet Hollywood towers in Las Vegas (by Mike N.):

cathc2 wrote:

Some of the people I know also have bought pretty early around 44k (week 52). Of course they are the luckiest and no one will be able to get a week 52 for 44k again. I am trying to compromise and find a price around 50k range.

Anyways, just because all timeshares depriciate in value, you cant blindly club everything ignoring week 52, location.

IMO, I would never buy a timeshare just for renting. Do the math. How many years will you have to rent it out to cover your MFs and the initial purchase plus the interest costs). That's not to mention the loss of earnings on the initial $50K outlay. You just assume people flock to Vegas for Christmas. I believe many people flock to Vegas when the prices drop. I was able to get a TS from RCI for one week for around $200. I was able to get a couple Southwest tickets for around $200 each. There are too many deals out there to pay thousands to rent a unit for a week. On top of that, there are not too many people enamored with the way Westgate manages timeshares. If you really want to buy, just wait a few years. All those people buyinga pre-construction prices will soon become disenchanted and will be willing to sell them for pennies on the dollar.

Here's a thread on the TUG Forum that provides some more insight.

Good Luck