Post reply
Original Message:
The market (not the advertising site) dictates "value"... (by KC):
maryellens3 wrote:The price originally paid to a developer, regardless of the resort, has no bearing or relevance regarding current resale market value.We own a timeshare at Mystic Dunes and would like to sell it. The prices people are asking on Redweek are ridiculously low! A 2 bedroom unit just sold for $799!
Many timeshare consumers have come to (correctly) believe that "resale" is the only way to go. Accordingly, the market value TODAY is quite simply what the product will command TODAY in the open resale market. The original developer selling price is quite simply of no interest or meaning at all to any buyer in the resale market.
Timeshare is (...and always was) a VERY poor "investment" from a purely financial / monetary perspective. Like a new car, which might immediately depreciate by 25% upon leaving the car dealer's lot, many timeshares immediately become "worth" only 5-10% (or even less) of the inflated developer price, once offered in the resale marketplace. As Phil has correctly stated above already, the "investment" value of a timeshare is not monetary (and never was), despite any lies and misrepresentations to the contrary expressed by lying developer sales weasels. Timeshares certainly do not increase in monetary value; the only true "investment" value of a timeshare is basically just pre-arranged access to vacation lodging and facilities and (to some people) the ability to "exchange" their week --- and little else.