posted 05-10-2005 09:12               

Heres' another Non-H account at $1.50 per credit. Wow, a 17k account would usually fetch 80cents or $13,600 for normal credits...that's a $12,000 "premium" for the non-H. Breakeven after 240 of those $50 cleaning fees?!?!??!

(on second thought I'm smiling..my nonH has gone up by $12k in value too! ; better than my other investements!)

posted 05-10-2005 11:18            

Ken

posted 05-11-2005 17:46               

I believe it will last a while at $25k. At $12k above the underlying credits, I can pay about 250-300 housekeeping fees.

How many people stayed in a timeshare that many times in their lives?

I think a better plan is to buy a WorldMark account at $2000 below market and then sell it at market. Take the $1500 or so in profit after all transaction fees and use it for housekeeping fees. That will be good for 30-50 housekeeping fees. More than enough to cver several years of reservations of a high use WorldMark traveller. When that's done, do it again.

posted 05-11-2005 18:06               

quote:

---

Originally posted by BocaBum99:
The assessment of the value paid for a No housekeeping account should be the absolute dollar amount above the underlying resale credits. Not a $ per credit.

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posted 05-13-2005 04:29               

quote:

---

Originally posted by Hatrack79:
I think I taught you that a few months back, Bum

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You did? Well thanks! How can we get the seller to understand that?

posted 05-13-2005 12:23               

quote:

---

Originally posted by BocaBum99:
...How can we get the seller to understand that?

---

I used to try and educate as many buyers/TUGGERS as possible about this. Now I'm not so sure I wan't to. (I"ve already got mine....now I want it's resale value to become $3 per credit. I still think I'll buy 10k or 30k or 300k extra of the 80cents/cr and sell my really large Non-H for $3/cr.

So, I've changed my mind....so, please get you one quick and we'll campaign together for "why they're worth $3/cr" in the future.....kind of like a "tax on folks who are bad at math".

posted 05-13-2005 13:10               

quote:

---

Originally posted by Hatrack79:
I used to try and educate as many buyers/TUGGERS as possible about this. Now I'm not so sure I wan't to. (I"ve already got mine....now I want it's resale value to become $3 per credit. I still think I'll buy 10k or 30k or 300k extra of the 80cents/cr and sell my really large Non-H for $3/cr.

So, I've changed my mind....so, please get you one quick and we'll campaign together for "why they're worth $3/cr" in the future.....kind of like a "tax on folks who are bad at math".

Hat

---

At a $13k premium over the resale market, I am thinking about selling non-housekeeping accounts short. I'll form an LLC and call it "Never Pay Housekeeping Again, LLC" And it's sole purpose is to sell WorldMark non-housekeeping accounts. The price will be $1.85/credit for a minimum purchase of 20k credits.

We'll just create an account that pays housekeeping fees directly to Trendwest for every reservation that's made.

posted 05-13-2005 13:59               

quote:

---

Originally posted by BocaBum99:
...I am thinking about selling non-housekeeping accounts short. I'll form an LLC and call it "Never Pay Housekeeping Again, LLC"

---

Sounds good at first...could work. Except you'd have a little credibility problem until you get well established. How can you convince me that if I give you my $13k extra, you'll really be around in 50 years to give my grandkids free HK?

Heck, I'm leary of paying $600 upfront fees to help me sell/rent my TS.....what's to say that character is going to be there in 6 months?

Hat

PS: why not try the "never pay M/F again escrow account LLC"...you could offer it to any TS owner, not just WM.

posted 05-14-2005 13:41               

I was wondering if the credits you rent from other WorldMark members become non-housekeeping in your account?

posted 05-14-2005 15:56               

Yes... any credits in your account enjoy the no-h account status of the account. The no-h benefits are associated with the account... not the credits in the account.

So even though I upgraded my measly no-h account to 102K credits... they are all no-h credtis. Also... when I rent credits from other owners... I do not pay housekeeping fees on reservations made with those credits either.

posted 05-14-2005 23:29               

I can now see how worldmark is your week-end home.

I would surely like to add those 17K non-housekeeping to my other 50K credits, but last year I purchased 420 pts. with Club Intrawest and can not justify any more money spent on timeshares.
Haveing said that I did e-mail Jeff Fudge with an offer of $17000.00.....and Jeff e-mail back that higher offers had been already refused.

posted 05-15-2005 11:32            

quote:

---

Originally posted by RockJenkins:
I would surely like to add those 17K non-housekeeping to my other 50K credits

---

Rock:

Not that this matters to you at this point, but the correct way to do it is to add your 50K credits to the 17K NHK account, so that you can preserve the NHK account. If you do it the other way, the NHK account would be lost forever.

posted 05-15-2005 18:28               

Not that this matters to you at this point, but the correct way to do it is to add your 50K credits to the 17K NHK account, so that you can preserve the NHK account. If you do it the other way, the NHK account would be lost forever.

------------------

posted 05-15-2005 18:30               

Not that this matters to you at this point, but the correct way to do it is to add your 50K credits to the 17K NHK account, so that you can preserve the NHK account. If you do it the other way, the NHK account would be lost forever.

posted 05-15-2005 18:51               

......But.... ya gotta get up pretty early in the morning to catch that kind of deal.

posted 05-15-2005 21:51               

It's good to hear from you again. I haven't heard much from you in over a year. If I remember right we met in front of the elevator at Seaside during Labor Day weekend in '03.

posted 05-16-2005 05:35               

quote:

---

Originally posted by PerryM:
I bought that account from Jeff Fudge

Perry

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Congrats, perry. You're someone that should DEFINATELY get their money's worth from it, as many points as you use every year.

posted 05-16-2005 10:01               

You were famous for all the helpful and interesting entries you had enterred into the OLD WorldMark forum. I find the NEW Worldmark very dull. No angry housewives....No upset dog owners.....No one mad at CStucky.....BOREING.

posted 05-16-2005 13:49            

quote:

---

Originally posted by RockJenkins:

Thank you Jim,

You were famous for all the helpful and interesting entries you had enterred into the OLD WorldMark forum. I find the NEW Worldmark very dull. No angry housewives....No upset dog owners.....No one mad at CStucky.....BOREING.

---

Just wondering if you knew about the WMOWNERS.COM FORUM , where the spirit of the old forum, plus some more topics, continues?

(Edited to fix typo.)

------------------
WORLDMARK OWNERS COMMUNITY www.wmowners.com

posted 05-16-2005 22:11               

Just dumb luck that I checked my eMail account and saw Jeff’s eMail. 4 times before I missed looking by just minutes and the accounts sold before I even read his eMail.

posted 05-17-2005 09:00               

[Worldmark-Resales-jefffudge] NO HOUSEKEEPING WORLDMARK RESALE
////////////////////APRIL ANNIVERSARY/////////////////////
17K ANNUAL WITH 8K UNUSED, APRIL ANNIVERSARY FOR $20,000
FIRM..........CONTACT..JEFF FUDGE, RPMI REALTY, 800-844-8404,
jeff@jkor.com

posted 05-17-2005 10:28               

Same seller.

I wrote Jeff Sunday that I was CONSIDERING OFFERING $20,000 and his seller accepted......Then Jeff RE-READ my email and saw where I was in the considering mode......hmmmmmmm

So I'm the guy who got the seller to come down to a more reasonable $20,000.
.......As for me ........I did the math and decided to wait for the nexts elusive 6000 credits for $9000.00.