48 New Condos Overlooking the Lake

[Descant]

Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

[codeman671]

Originally Posted by Descant

Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

Are people really paying that much for timeshares these days?

I bought one years ago at Eastern Slope Inn in North Conway, week 2 red week for $20 on ebay with closing costs paid (yes, $20!). People want to dump them. Years later I gave mine away after not using it much and spending a lot on RCI fees and annual maintenance, the person that took it handled the transfer expenses.

I have a week at the Windrifter in Ogunquit that I am trying to give away for my parents...Any takers?

[TheTimeTraveler]

Originally Posted by Descant

Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

One of the biggest problems for developers of Timeshare Systems is what do you do with all the unsold weeks during undesirable times?

In NH you have Late Spring Season, Summer Season, Fall Leaf Season, and Ski Season. What do you do with those "mud" weeks in April, or those weeks in November?

[Descant]

Perhaps my thoughts on the time share market are off point. I sort of thought snake oil salesmen could sell almost anything, just need the right customer. If I recall correctly the sales commissions were huge for selling the "off Weeks" and special deals if you bought a good week and a not so good week package. In the 80's, going to time share presentations was a sort of afternoon entertainment, and you got some kind of gift that you could sell later.