Just bought CCV - is it easy to rent points out?

[thelionqueen]

The downside to first floor studios at OKW, is that virtually all the Handicap units are on the first floor as there are only 3 buildings with elevators. So first floor greatly increases your chance of getting a Handicap modified unit, with less storage and a roll in shower instead of tub in the studios. One bedrooms aren't too bad, because even the HA unit have the jacuzzi tub.

I didn't know this, but completely explains why our wonderful first floor was HA. We were able to get one extremely last minute so it wasn't too much of an inconvenience and we were incredibly grateful to be back "home" from BLT

 

[SL6827]

Oh, ok. Didn't realize that about OKW. Wouldn't bother me at all. Any resort where there are no elevators is where I would really want a first floor unit, but I am sure I could manage with a second floor at OKW.

 

[Deb & Bill]

Oh, ok. Didn't realize that about OKW. Wouldn't bother me at all. Any resort where there are no elevators is where I would really want a first floor unit, but I am sure I could manage with a second floor at OKW.

Yeah, it's those third floor studios that really get me. We've had them twice and a HA studio on the first floor once. I'd go with the HA studio any day over the third floor studio. It means I get to sit down when I take my shower.

 

[Bing Showei]

I did think about rescinding my contract as I don't want my decision to ruin my family's finance. However, if renting out is a feasible plan B, it seems that I don't have much to lose by signing my contract.

I would ask, “What if next month, renting suddenly wasn’t a feasible Plan B? Would you stand to lose a lot then?”

As it is the economy continues to hop along, this is presently a viable plan B.

But in a down economy, luxury spendings (such as “deluxe” accommodations at a theme park) are the first things people cut from their budget. When the economy is chugging along, great, but as soon as the economy starts hemorrhaging jobs people stop going to theme parks (read: renting points) and buying timeshares in FL (resale prices cool down).

If you are having ANY buyers remorse and are within your 10-day rescinding period, you may want to seriously consider backing out of your contract and exploring your concerns a little more. In two weeks, four weeks, four months, CCV will still be there.

Buying into a 50 year time share is a huge commitment and if there is a need to rely on renting those points out to make it a viable option, it’s a huge amount of financial risk to take on, especially considering you can rent points and let another owner assume that financial risk.

 

[rg35]

I would ask, “What if next month, renting suddenly wasn’t a feasible Plan B? Would you stand to lose a lot then?”


But in a down economy, luxury spendings (such as “deluxe” accommodations at a theme park) are the first things people cut from their budget. When the economy is chugging along, great, but as soon as the economy starts hemorrhaging jobs people stop going to theme parks (read: renting points) and buying timeshares in FL (resale prices cool down).

Totally this. But, if you have relative financial stability during a down economy it's also a great time to buy. When the economy was still climbing out of the great recession in 2012 we were able to get AKV for $65 per point. It's wild to see how much things have shot up since then.

 

[a742246]

The downside to first floor studios at OKW, is that virtually all the Handicap units are on the first floor as there are only 3 buildings with elevators. So first floor greatly increases your chance of getting a Handicap modified unit, with less storage and a roll in shower instead of tub in the studios. One bedrooms aren't too bad, because even the HA unit have the jacuzzi tub.

I have learned something new today, Thank you!

 

[harbourxie]

I would ask, “What if next month, renting suddenly wasn’t a feasible Plan B? Would you stand to lose a lot then?”

As it is the economy continues to hop along, this is presently a viable plan B.

But in a down economy, luxury spendings (such as “deluxe” accommodations at a theme park) are the first things people cut from their budget. When the economy is chugging along, great, but as soon as the economy starts hemorrhaging jobs people stop going to theme parks (read: renting points) and buying timeshares in FL (resale prices cool down).

If you are having ANY buyers remorse and are within your 10-day rescinding period, you may want to seriously consider backing out of your contract and exploring your concerns a little more. In two weeks, four weeks, four months, CCV will still be there.

Buying into a 50 year time share is a huge commitment and if there is a need to rely on renting those points out to make it a viable option, it’s a huge amount of financial risk to take on, especially considering you can rent points and let another owner assume that financial risk.

very good point about the financial downturn or crisis in the next 50 years. Thanks a lot for reminding me.