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Re: Price Range is puzzling ?? (by Patrick P.):

ken1193.

Yes, we are actually saying the "exact" same thing but if one puts themselves out as an expert, you should be an expert. My description of "anchoring, etc... may sound collegiate in nature but in reality if one is writing about behaviorial issues, you need to know a bit about what you speak. Also your good but few points just can't possibly cover all the reasons people are dillusional with their own money. The OP's original question is all about the topic of behaviorial analysis. An understanding of this field explains exactly why timeshare pricing is so all over the place. A decent understanding of this area also helps one understand why people buy Timeshares at full developer prices,why we save so little, and why we won't sell a property at a loss. Also the information is well explained logical and quantifies a person's "30 years of timeshare knowledge".

I also mean no disrespect but these issues are currently recognized by Educators, Politicians, and Economists as the #1 problem with our national lack of savings epidemic. I don't post regarding certain nuances of timeshare ownership because I may not be an expert on a particular topic; but why people buy things and why they think irrationally concerning financial issues, that I know. You (and everyone) should read up on this topic. It is a Nobel Prize winning area of Economics and at the forefront of Ben Bernanke's plans to change the way Americans think about money. It also will give you better buying/selling knowledge than 10,000 posts on a timeshare forum. There are a number of easy reading books that cover the field. The field explains why people will live with creeping maintenance fees (Sort of the lobster in the pot theory), why buyers de-emphasize the risk of buying into a property with a depleted reserve fund. (Difficult to quantify risks as well as the tenedency to shut down when detail complicates a buying decision) and a host of other timeshare issues. The material is fascinating and really quite useful in every day life. (No I am not an author or directly tied to the field). So we can disagree while we agree because we mostly agree. "It's worth what it's worth" is very accurate. But how do you know what it's worth? I contend knowledge is power here. You get that through reading. This field is the most powerful area of study a consumer could ever learn....