Originally posted by Cogland
I had some information from HPB Management about something called The Holiday Property Bond.
I read the leaflet with interest and noticed that they have resorts throughout the UK and Europe.They seem to have answers to many of the problems that we face because you can cash in your bond at any time after 2 years for its unit value which is quoted in The Financial Times. They do warn that doing so in the early years will affect the value.
Maintainance costs are said to be met from investment so they claim annual fees to be just £100 per annum. I have no knowledge of this company but they seem to have been around for a long time and overcome many of the problems which we trying to find answers for namely a fair exit policy and affordable annual fees.
I have no connection with this company . I am a Diamond member and have spent 6 weeks at DRI resorts in the last 12 months. I wondered if there is anything to learn from the way these people organise themselves.
Yes - and the pigs fly backward over Tenerife...
If it sounds too good to be true it usually is - you buy a bond and can cash it in at any time - well, at least until you try...
Looks like another scam to me.
DRI need a proper exit strategy - I am sure it will come in time, however with our fees coming in at approx £2700 the fact that we and our relatives are getting over 10 weeks of holidays out of it, it is still a bargain.
Any exit strategy, as far as I can see at the moment, needs to be focussed towards the ageing members who may be less inclined to fly due to health and insurance issues who are left with little accomodation being available in realistic travelling distance.
When the official resale agents eventually come online I am sure much of this will be water under the bridge.