Where’s the Value of Timeshare Is?

When he walked into our small land office in Placerville, California (about sixty miles inland west of South Lake Tahoe), he said, “I have the keys to the bank,” and began to tell me about a new concept called division of time. I said, “Forget it, Jack. It won't work." Jack was patient, persuasive, and for a long time, we were the inventors of one of the first timeshare systems in the country (RCI# 0078). And so I began what will come the continuation of the trip.

Fast forward a few times after Jack leaves. Larry came in, who came to another close friend and deal partner. At the time, we were doing it together. I would tell Larry that this is not a joke and really makes sense. His answer was, "Yes, yes, of course," but he continued until he was finished.

Now it's time for the first general meeting of the Owners' Association. I made Larry come. After a truly joyful meeting, one of the women of the Owners approached us. Larry crept up behind me, allowing me to take all the blows. She took my hands and with tears in her eyes said, “Thank you, thank you very much! You have truly improved our lives!” One of the strip effects

I ever saw was the look on Larry's face. His jaw dropped and he was completely stunned. It took many more times before he fully acknowledged that the concept was so sound, but he eventually became an active owner of several timeshares himself.

When we traded this property in the early 1970s, I told people, "You'd better buy one of these now, because if you don't, you'll be paying a hundred bones a night for a dorm room." They would say, "No, that will never happen." At that point, it's hard to find a room at a Holiday Inn for less than a hundred bones a night.

Guess what the cost of a room in San Francisco's Top of the Mark hostel was in 1942. It was $5 for a single stay and $7 for two stays. For soldiers, it was $3 single and $5 double. By 1974 it cost $45 for a single and $55 for a double. Now it is from 210 to 270 dollars in a single or double size, depending on the position.

By projecting this forward fifty more times, you will be paying $ per night for a dorm room! And I just hear most people say, "No, that's never going to happen."

The reason for keeping a timeshare is the same as the reason for keeping your own home. In the long run, this will bring you much less and you will get a valuable product. Just imagine the value to your children who will benefit the most from your foresight. It's a shame that the rest do not realize how important this is and concentrate only on retention. Smart bones will enjoy breaks beyond their means for the rest of their lives.

After thirty times, I believe that you will save about half of what you are currently spending on vacation rentals. But the real thrill is that you will be staying in more luxurious accommodations than anything you could really imagine. How many of you would spend $350 to $500 a night for a place to sleep? Not me! Is always! But I like this resting position thanks to my timeshare power.

So important for the fiscal side. What about real value? What do you remember most about your age? Does the family leave? The time you spent together and felt so close to your family? One observant croaker once said, "I've never seen anyone on their deathbed say, 'I wish I had more time in the office.' In a momentary crazy world, no one has time for the most introductory conditioning. The family is in a state of great stress. The sad fact is that in a time of dire need, most families do not really spend such an important holiday together.

One of my biggest compensations in life is providing a timeshare to a family that really needs it! They may be in the family business and tend to never take a vacation. Or they may simply be stressed out having to pay for food and accommodation for themselves and three or four children and triple the family budget for the next few days.

This situation with the woman who thanked me so much at the first Homeowners' Meeting was repeated many times. Whatever the situation, I know that I have improved their lives in terms of real value. Whether I become rich or poor, I will always be rich for the good that I have done for people, helping them achieve real-life values.