Pismo Coast Village timeshare

OutdoorPhotographer wrote:
I'm not a fan of timeshares either but the carte blanche "no's" in this thread need to consider that this is the Central CA Coast. Yes, I could camp there weeks per year every year if I still lived close enough to camp weekends there.

Have you tried getting a camping spot on the CA Coast in the summer? Plus it's 12 month camping and as noted has a process for selling. It sounds more like a fractional than time share.

If you know you like Pismo, biggest question is do you have disposable cash? If so, check out the legal particulars and talk to current owners, then sleep on it before making a decision.

EDIT: Big question: How easy is it to book a spot once you are a member? Do you have designated weeks plus float days? How far out to book? Eliminating this hassle would be part of the attraction for me. Condo Fractionals at Tahoe are set weeks plus floater weeks so you can know you have Christmas, Spring Break, etc.

All good points. Central California coast is BUSY from April-Nov and getting a space takes luck. My dad/mom had a membership here for years in the 80'-90's and would stay in Pismo (Portuguese Palm Springs) for a month at a time since it's hot (many days of 100) in the SJ Valley. They got most all of their $$ back and probably could have turned a profit. We've had numerous family parties there and booked the clubhouse for birthdays. Pool is great too. And yes, the walking distance to restaurants, cafe, beach, etc. is perfect. Found memories of all of us kids/grandkids spending time there with mom/dad.

I'm not a fan of timeshares either but the carte blanche "no's" in this thread need to consider that this is the Central CA Coast. Yes, I could camp there weeks per year every year if I still lived close enough to camp weekends there.

Have you tried getting a camping spot on the CA Coast in the summer? Plus it's 12 month camping and as noted has a process for selling. It sounds more like a fractional than time share.

If you know you like Pismo, biggest question is do you have disposable cash? If so, check out the legal particulars and talk to current owners, then sleep on it before making a decision.

EDIT: Big question: How easy is it to book a spot once you are a member? Do you have designated weeks plus float days? How far out to book? Eliminating this hassle would be part of the attraction for me. Condo Fractionals at Tahoe are set weeks plus floater weeks so you can know you have Christmas, Spring Break, etc.

goducks10 wrote:

beemerphile1 wrote:
All time shares are a terrible financial deal for the buyer. You will never get your money back out of it, it will cost you $$ every year whether you use it or not.

Most time share owners regret ever making the purchase. If you buy, do yourself a favor and look at the resell market, you can buy for pennies on the dollar.

x2

"All"? Wrong.
Purchased a week at San Luis Bay Inn near this campground. The one bedroom condo, book able any week of the 52, originally sold for $18,000. We purchased ours for less than $5,000.00 eight years ago. We have been offered double that, have maintenance fees of less than $500.00 a year (a comparable condo in the area would rent for $300.00 / night). And is across the street from the beach.
We use it every year, have traded to Hawaii and have no regrets.
Now, let me tell you about the other timeshare at Stalion Springs that we purchas on eBay for $30.00. Yes, thirty dollars.

No maintenance fees at PCV. My husband and I have owned timeshares before at hotel resorts. These shares ate different. What is being sold or wanted to purchase are the original 1500 (I thought it eas 1800) shares. In the 70's these shates sold for $2500/$2700. Supply and demand have made prices rise to $32k - $34k. It is by far the best situation for camping, owning 45 days a year, hauling a RV or storing with PCV (they deliver $25 in and $25 out (back to storage), that is a bargain cimpared to fuel. We've owned our shares for 15 yrs. and we love it there. It's our beach house. It is top notch friendly, accommodating, walking distance to town and restaurants. Listen to pounding waves. Large sites, compared to other campgrounds across street. Shares can pass to heirs. All positive from post - ***** rating!

What are the maitenance fees at PCV?

One of my colleagues family own 2 shares and they leave the 5th wheel at PCV most of the summer. They just drive up after work on Friday and enjoy the beach. They have a large family and someone is always using it. They couldn't be happier. They bought a loooooooong time ago and didn't pay anywhere near the going price.

There is also two parks across the street that are on a share purchase basis. Pismo Creek RV Park with shares still available and is a park that only allows use by its shareholders.
There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. This park does allow outside guests.

Shares for these two parks range between $7,000.00- $12,000.00.
Both parks have low yearly maintenance fees.

dons2346 wrote:

goducks10 wrote:

beemerphile1 wrote:
All time shares are a terrible financial deal for the buyer...Most time share owners regret ever making the purchase....

x2

Doesn't look like you read all the posts. This is not a "timeshare"....

The OP asked about timeshares by name both in the title and in the post, they also asked about PCV. I did read the OP and answered the OP.

SAMoberly wrote:
Does anyone have information on the good/bad about timeshares....

The reasons I bought a share at PCV is free camping for a minimum of 45 days annually or up to 70 days if you trade prime time days for non prime time. It's a great park. Management and staff are great. You can walk to the beach, downtown, and pier. I can will it to my son when I leave this earth and he in turn can hand it down. It continues to grow in value. If I decided to sell it I could get considerably more than what I paid for it. When I got mine there was a waiting list. Yes, we do only camp at PCV, but that's our choice. There is no law that says we can't enjoy other campgrounds if we choose to.

RT

goducks10 wrote:

beemerphile1 wrote:
All time shares are a terrible financial deal for the buyer. You will never get your money back out of it, it will cost you $$ every year whether you use it or not.

Most time share owners regret ever making the purchase. If you buy, do yourself a favor and look at the resell market, you can buy for pennies on the dollar.

x2

Doesn't look like you read all the posts. This is not a "timeshare", instead you are purchasing a share of the development just like you purchase shares of Home Depot, Lowes, etc