Where there is smoke there is a fire sale!

A friend recently sent me this email that Boyne Realty sent out via their e-news service. I am glad to see Boyne is capable of putting out e-newsletters. As an association we have asked for e-newsletter to help keep owners informed but have been ignored for over a year. Boyne has been INCAPABLE of providing electronic communication in a relevant and effective manner to the owners and their associations but the minute they want to have a fire sale or a press release they seem to find the send button.

BOYNE Celebrates 60 Years with Limited Time Real Estate Offers

Sixty years ago, ski pioneer Everett Kircher founded Boyne Resorts. To celebrate, from now until December 31st, Boyne is offering the following unprecedented real estate promotions!

50% Off Homesites

Choose from any of our breathtaking waterfront, water view, golf course or ski-in/ski-out homesites; we will sell the first 2 properties for 50% off! More Details *

25% Off Condos with Ski or Golf Privileges
You can own a place on the slopes, on the water or on the golf course; the first two condos will go for 25% off and we'll throw in ski passes for three years or Country Club of Boyne Membership! More Details *

25% Off Condo-Hotel Properties with Cost Recovery The Mountain Grand Lodge and Spa, The Inn at Bay Harbor and Heather Highlands Inn will sell two properties at 25% off and the new owners can take advantage of our Cost Recovery Program for five years! More Details *

Now I know there are owners who never got the cost recovery program when they invested in the construction phase. Back then it was hit or miss as to whether it was 3 year or 5 year program.

So how does Boyne pay you back for supporting this losing investment. They lower the value of your property by 25% underselling units in an already devastated market. Create a highly competitive sales market with their distinct On-Site advantage, should you wish to sell your unit independently. Finally they offer to support the losing investment to the new buyer through the cost recovery program.

For the new buyer or first time buyer the Cost Recovery Program (CRP) is a hard sale tactic that needs to be seen for what it is “A hook”. It is more of a gotcha program.

Few investors buy a unit outright. 95% or higher finance the sale of a condo, condo-tel cabin etc. many purchasers finance for years beyond the CRP. Boyne sells the unit then manages it for you. Good management or bad they still get 50% off the top. The bottom line is that even if you buy your unit outright your yearly return under their management might be 2% if you’re having a good year. 2.50% is the average savings APY and you will not have to pay the bank 50%.

If you’re looking for a guarantee make them show you profits and actual occupancy of the unit run the numbers yourself, get everything in writing.

But in the end a hook is a hook and all you get from it is hung.

As many of you may remember the discussion Ed Grice and I had about the appointment of Boyne employees to the Board of Directors before the election. I guess the whole “we do not want to list our units because it would negatively affect those owners that want to sell their units”.

I have to ask you fellow owners and readers are you tired of the lies yet?

Earn BoyneRewards Points for Every Dollar of the Purchase Price
For example, if you spend $200,000 on a property, you get 200,000 BoyneRewards Points, which is enough to get you $10,000 in BOYNE Gift Cards. That should take care of your holiday shopping! Sign-up and learn more at www.BoyneRewards.com.

The Perks of Ownership with BOYNE

Really there are PERKS ARE YOU SERIOUS?? Can I get some?

Rental Management Provides Lower Cost of Ownership
One of the great advantages of owning property at a world class resort is your option to rent your property through an experienced and successful rental management program to help offset expenses while providing virtually maintenance-free ownership.

Lower Cost of ownership?

Lower than what. They charge 50% off the top when property rental management nationwide is 15% on average. Once you add your association dues taxes and utilities in some cases and what you get is FUBAR.

Experienced and Successful??? Really? By whose standard Boynes? I am sure our investment banks thought they were experienced and successful too.

Ask any owner in the Mountain Grand Lodge How they feel about that statement.

Successful is not a word you will hear from owners in the MGL

Maintenance-free = do not ask us any questions or pay attention to the financial statements we provide.

Country Club of Boyne
With your real estate purchase through Boyne Realty, you receive complimentary Social Membership with the Country Club of Boyne. This $5,200 value provides your family with discounts on season ski passes, golfing, dining, waterpark passes, spa services and in our retail shops. The Country Club of Boyne is your ticket to all things BOYNE!

Do not forget the $400.00 a year Food and Beverage minimum or the numerous extra accounts they create in your name. Then instead of using the 400.00 food and beverage minimum they will just bill your owner account so they keep can keep your 400.00 and still bill you NICE!

Boyne Vacation Club

The Boyne Vacation Club lets BOYNE property owners exchange weeks in their property for vacations around the world. You are limited only by your imagination; simply choose your destination from over 2,300 resorts in 75 different countries and we will make all the arrangements.

As far as the Vacation club goes well you get better deals as a guest than an owner with Boyne and the bottom line is your better just paying for it out of pocket. No restriction blackout dates etc. its just another Hook