The large number of new Aulani resale contracts??

[CastAStone]

I know both Hawaii and some of its counties passed some short term rental law changes this year, cracking down on VRBO/AirBNB and passing new taxation provisions; my understanding was that for timeshares, only those on Maui would see any actual changes from the legislation (in the form of higher taxes). Maybe I misunderstood.

But I also have zero insight into what legislation is coming down the pike there.

People in Hawaii are ticked off about short term rentals, and timeshares may get dragged in with them if the laws are clumsily written.

 

[ehh]

State major political candidate both looking likely to win and platforming on something vaguely anti-timeshares (especially rentals)?

EDIT: @CastAStone has a more refined thought, pulling on a similar thread.

 

[disneylandtour]

H

Hmmm interesting theory. I would think that would impact all resorts contracts though not just Aulani.

When Disney does this in other areas (copyright issues music, use of Disney IP on non-licensed t-shirts) they almost always make a public issue of it as a warning to others.

 

[disneylandtour]

Even more listings tonight. I swear something is up.

Yep, all within the same three brokers. I'm almost positive someone has a piece of info that we don't have. They aren't fire sale prices. So I gotta assume, whoever is posting doesn't think this info will be widely known for a month or two. They are arranging prices like they have a little time.

 

[lilsonicfan]

Not only not fire sale pricing but weirdly insane pricing in some cases. No points till 2027, and 90ish a point. Mm hmm. I’ll jump right on that.

 

[disneylandtour]

Not only not fire sale pricing but weirdly insane pricing in some cases. No points till 2027, and 90ish a point. Mm hmm. I’ll jump right on that.

My hunch is: whoever this is feels like they have a month or two. So why not try to get as much as they can during the first week or so (maybe someone really, really wants a Feb UY, who knows?) and then step the prices down from there. Also, FYI, there have been a few very well-priced contracts, including a AUL-s at $115pp, which sold quickly. So likely multiple (LLC) sellers using the same info but handling that info differently.

And yes, I was tempted when I saw the AUL-s at $115, but then reason came over me: I don't go to Hawaii that much. After a couple of days, I get bored at the beach. And presently the food prices in Hawaii sorta drive me nuts.

 

[VGCgroupie]

Looking closer almost all of the brokers that also do rentals have excess new Aulanis listed. There is only one broker that does rentals that does not have any new Aulanis, he only has 2 for sale total and both very old listings. All other brokers who only sell not rent don’t have any unusual Aulani activity. I bring this up because someone suggested to me maybe people are selling to find money to buy new Poly tower so they can have the Polynesian vibe without traveling to Hawaii. No, no I don’t think that’s it.

I wonder if there is some sort of issue with Hawaii and people renting out their timeshares, which then to me could be seen as an Air bnb in a round about way. But I’m just spitballing theories late at night

 

[supercarrie]

Highly "sus" as my 8 year old would say.

I'm hoping it is nothing - I will be at Aulani in a month and was hoping to sell my husband on adding while we are there soaking it all up The MFs announcement may actually come out while we are there, or just before.

 

[AstroBlasters]

https://www.atimeshare.com/hawaiis-...ort-term-rentals-what-travelers-need-to-know/

 

[AstroBlasters]

I get that it lets counties restrict or ban short term rentals…. but the point is to provide long term housing… which timeshares like Aulani could never be. In theory it should maybe Aulani more valuable because it won’t have to compete with Air BnBs….

Senate Bill 2919 was signed over the summer… why would contracts flood the market now….

 

[MICKIMINI]

That seems excessive. But also insurance on one of my homes went up 50% this year with no claims.

Our home went up 50% as well with no claims! Unsustainable!

 

[Sandisw]

H

Hmmm interesting theory. I would think that would impact all resorts contracts though not just Aulani.

It could be if this is the start of something. But if the speculation is it could be an owner…or company…they have may have chosen this resort specifically.

 

[AstroBlasters]

If it’s 50 contracts and an average of 160 points…. that’s 8000 points added to the AUL resale listings over the last few days. At $90pp that’s $720k in AUL points that have to get moved….. Wow…

 

[Jimmy Geppetto]

If it’s 50 contracts and an average of 160 points…. that’s 80,00 points added to the AUL resale listings over the last few days. At $90pp that’s $720k in AUL points that have to get moved….. Wow…

And about $60k+ in commissions!

 

[CastAStone]

I wonder if there is some sort of issue with Hawaii and people renting out their timeshares, which then to me could be seen as an Air bnb in a round about way. But I’m just spitballing theories late at night

I think the real issue is with AirBnB. I read that in some towns as much as 70% of the housing stock is short term rentals, so actual Hawaiians have fewer and fewer places to live.

As @AstroBlasters pointed out, timeshares should really be excluded from that (I’d argue more high volume high quality timeshare accommodations away from the major towns and cities is a positive for local residents, as it pulls people out of the cities and towns), but that doesn’t mean that legislation, if it’s poorly written, won’t cause issues.

 

[AstroBlasters]

I received confirmation that one large seller seems to be unloading contracts.

 

[VGCgroupie]

I received confirmation that one large seller seems to be unloading contracts.

 

[VGCgroupie]

So of course an Aulani contract I have been super excited about and working on for well over a month just emailed me for contract. I know it's a personal decision but if this is one seller unloading a bunch how do we feel about that?

One of the brokers who had a bunch of these Aulanis did list a fair amount of SSR today too.

 

[AstroBlasters]

So of course an Aulani contract I have been super excited about and working on for well over a month just emailed me for contract. I know it's a personal decision but if this is one seller unloading a bunch how do we feel about that?

One of the brokers who had a bunch of these Aulanis did list a fair amount of SSR today too.

Your 50 pointer?

 

[VGCgroupie]

Your 50 pointer?

Nope. My 50 pointer I secured just passed ROFR. The other I bid on we couldn't come to a deal. This one I started talks with them back in early September.