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Old 05-02-2012, 09:11 AM   #21
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Another thing. Look on craigslist there is a bunch of go people selling their memberships for $1200-2000 + $300 transfer fee.
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Old 05-02-2012, 10:44 AM   #22
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As long as we stay healthy it seems like a great idea - $150k or so for a nice, big new rig and then $300/year - no utilities, no taxes, see the country! (and if you can get your kids of the nest they can't come back! LOL)

There are resorts all over the place - and always near major tourist attractions (like the one at gettysburg we stayed at 2 years ago). Talked to a few full timers - they do the south in the winter and the north in the summer just circling the US. Guess at today's prices that would run $7-9k in fuel, plus of course groceries and whatever you spend sightseeing.
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Old 05-02-2012, 10:47 AM   #23
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I received a call from the same group at Birch Bay saying that they are waving the $2000 fee and only charge the $295 yearly fee. Same $10/night other places. They want to give me 3 days free and come to a sales pitch meeting. We just joined 1000 trails for $499/year fees so we'll check that out this year. We may go to the other resort and see what they offer. We live 20 minutes from Birch Bay and just bought a 318BHS for our kids/grandkids outings so any thing close to us is tempting. If you go with the understanding that you will have a free 3 day camping experience and that you WON'T buy into anything until you have had a few days to think about it you will be OK. The sales people don't like that because they want you to buy right away. Tell them you will get back to them in 3 days with your decision. Who knows, it may be right for you but don't impulse buy.
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Old 05-02-2012, 11:26 AM   #24
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prof_fate, yeah that doesn't sound too bad.

Do you mean to say that for a total of $8400 you have a 365 days a year spot for 10 years ? That sounds interesting...

Of course the scary part is the unknown assesment fees and such...That is the part that would scare the hell out of me. Is there at least a limit to what the assesment fee can be ?

Bean
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Old 05-02-2012, 12:38 PM   #25
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It is very important to read the contract first, do not take anyones word for it. You need to know what you can do, I can sell mine or I can give it a way, but there is a $700.00 fee for me to get out of it and yes as mention before your credit will suffer if you are not in good standings.

In most cases the contracts are written by Lawers, so chances of a loop hole are far and few between, and Lawers are on stand by.......
I have noticed that in some contracts if issues are not spelled out one way or another and there is a grey area for interpretation then get this cleared up so that you can understand it, and might even have your own Lawer read over the contract as well.
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Old 05-02-2012, 12:42 PM   #26
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This is terrific info. so far! Please keep the pros and cons coming.

One thing I don't understand about the KM resort is that there is NO information on their website about anything. Their ploy seems to be to get you into their sales pitch meeting under the bright lights and get you to cave in...

Fortunately, DW is an accountant and a shrewd one at that. She analyzes every purchase up, down and sideways. I know she wouldn't get into this without doing her due diligence and demonstrating all the pluses. She's also quite good at getting free stuff, so we may end up going just to get the $50 CW certificate for nothing.

We are hoping to do more and more camping as time goes by and to travel farther and farther from home. DW is not retired yet but that will probably be a big factor in what we do.
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Old 05-03-2012, 04:22 AM   #27
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that was the problem for us

Quote:
Originally Posted by kamp k View Post

Again, it's only advantageous if you camp ALOT and use your homepark.

In 2010, our 56 nights averaged $29.07 per night, in 2011
that was the problem for us
when we checked one of these deals out
we like to camp other places also
one almost feels like they have to visit their homepark
every time out so as to get ones monies worth

note
when we went years ago to one of these free offers
they put us up in one of the best view lots
in real life (these are usually taken well in advance)
I figured up where we would have to stay there
at least a couple of times ((each month))
for over 15 years to get a fair deal on staying prices
that is one long term commitment !!!!!

Mountainman
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Old 05-03-2012, 09:21 AM   #28
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Quote:
Originally Posted by bean View Post
prof_fate, yeah that doesn't sound too bad.

Do you mean to say that for a total of $8400 you have a 365 days a year spot for 10 years ? That sounds interesting...

Of course the scary part is the unknown assesment fees and such...That is the part that would scare the hell out of me. Is there at least a limit to what the assesment fee can be ?

Bean
You get 3 weeks on site (and can't leave the camper unoccupied overnight) then have to leave for a week.
$5400 was our 'buy in' (or $8400 for lifetime) - but that comes with the maintenance fee (which cannot go up)
The other fees/assessments can change...as we found out. We were sold, I mean told, that storage there is free...then got a bill for it ($40/month).

There was an assesment last year for $80 - to put in campground wide wifi, new front gate w/ automated keys, and to do an engineering study to see about putting in sewer hookups.

As a 10 year member I can upgrade to the lifetime for $3k anytime during the 10 years, but cannot sell/transfer the membership. As a lifetime member I can (after the first 2 years) - there is a fee ($250?) and the new member has to be vetted by them. I can leave it to my kids in a will if I so desire.

---------------

As a business owner i'm intrigued by the business model... say you sell 50 memberships a year and have sold 500 in the past. (based on our membership I think that's close) and have 100 sites, have 50 trailers in storage...

New memberships - $300,000 a year in new memberships (figuing $6k avg)
500 paying you $300/year in mtce fee - 150,000
50 trailers at $40/mo (480.yr) 24,000

Roughly $475,000. Assuming you're not banking those membership dollars you have to sell new memberships every year.

So what does it cost to run a campground?
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Old 05-03-2012, 11:54 AM   #29
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The membership that was "gifted" to us when we bought our TT is worth $2000.
Fees? Didn't even look.
The parking area/campground is nothing but mowed grass with RV's side by side row after row. Not our style.
The pics on the website show kids playing, riding bikes, a nice little office/store and bunnies in the grass.
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Old 05-03-2012, 12:42 PM   #30
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Quote:
Originally Posted by prof_fate View Post
You get 3 weeks on site (and can't leave the camper unoccupied overnight) then have to leave for a week.
As a 10 year member I can upgrade to the lifetime for $3k anytime during the 10 years, but cannot sell/transfer the membership. As a lifetime member I can (after the first 2 years) - there is a fee ($250?) and the new member has to be vetted by them. I can leave it to my kids in a will if I so desire.
Wow, seems everything is made to benefit them. And make it difficult for you. I have to repeat myself, "I would touch one of these with a 10 foot pole." You pay a lot of money "up front" and then HOPE you can make it pay in the long run.

I think you would be better off just getting a year long spot without all the stupid restrictions.

Bean
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