Thursday, May 24, 2012

The Story of Our TimeShares


Hi all. 

Its been a while since our last update.  Not much is new, except that long-story-short, we bought another timeshare. 

If you recall, we recently acquired a new timeshare, here, in Puerto Vallarta (Nuevo Vallarta, to be exact). When we sold our Hawaii timeshare in exchange for the timeshare here, the company that liquidates them offered to let us keep the deed by paying them 1/10th of its value.  It seemed too good a deal to pass up, so we bought it back for $4200.  Then, when we bought this new timeshare, the new place purchased both the Hawaii and the Mexico properties from us, at considerably more than we paid for them.

In the end, they gave us way more than we paid them.  Now we have a new timeshare and a profit of around $65K.  It feels strange to make money on timeshare, but what the heck.  Oh, and since we’re living on our boat, we won’t be using it for a while (5 weeks in a private villa is what we ended up with) so they are going to rent them out and pay us just over 10K a year, profit.  That’ll go nicely into the cruising kitty.

This new timeshare is quite nice, but different.  Instead of hotel/condo rooms, each unit is a private villa.  We got a 2 bedroom.  We have a private swimming pool.  We get unlimited use of the water sports, including the wave runners.  And there is a yacht that we also get to use.   We see it here at the marina.  It’s a 50-foot or so powerboat. 

We’ll be spending some time there later, so will get some video.

Aside from that, things are quiet around here.  Its getting hot.  Normal temperature during the day is 36, 37 degrees.  Its going to get hotter, and humid.  We just installed an air conditioner.  It cools the bedroom nicely.

There is a tropical storm brewing south of us and we’re going to see the tail of it this weekend.  We should get high winds and rain.  We’ve added a few extra dock lines and tomorrow we’ll secure everything outside. 

Everyone here says that where we are here, in Banderas Bay, they do not normally get hurricanes.  It is considered, for insurance purposes, to be a hurricane hole, which means no extra premiums for coverage during hurricane season.  So, we should be safe here all summer.  We’re counting on it.

The other day, we saw a whole bunch of really big iguanas just inside the marina entrance.  We knew there were at least 3 of them up in the trees, but we had never seen them on the ground.  Neil almost ran over one, so we stopped.  By the side of the road, in addition to the on crossing in front of us, were 6 very large iguanas.  Maybe next time, we’ll have the camera.


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