AmbergrisCaye.com Home Forums The Cayes Ambergris Caye Reef Village Development

What do the condo association bylaws state? I would think if one could time share, anyone could.

suecate- We own there also- (bldg I) as i understand it, bldg J (and perhaps K) were sold to a timeshare co based in branson MO. (crown somehting) I think the reason most of the individual units sold out so quickly is because they are priced so low. A friend bought one and we met a guy there that bought 6. (probably to rent out and flip)

K building is not timeshared ( we own unit in K). My understanding is that there will be one more building -not shown on original master plan- for timeshares. Time-share buildings will be equipped with elevator. I thing time-share will be in L and this extra one , probably M, but I could be wrong. I agree that price point was main reason for quick sales - this is why people who paid much, much more somewhere else are so pissed.

we have a villa, but my understanding from Jeff and the time share sales people (we also bought time share to travel to other places) is that it is separate buildings managed by the time share company

Investors buy these condos for time shares. Jeff Pierce could have prevented this by deeds prohibiting time shares. Why are some of you protecting Jeff Pierce?

Ubbit, why do you think anyone is protecting Jeff? I think we as property owners are as upset as anyone else that there are time share ppl there. They have stopped me as I am turning in to my condo....WTF??? There is no heart felt bond between me and Jeff. If we are protecting anything, it is our investment. Perhaps these condos aren't the most expensive on the island, but they are ours, and like anyone who has a property on the island, we want our value to maintain. You all don't get it, do you? When you are condeming RV, and JP, you aren't really hurting him, you are attacking the property owners, who have invested our hard earned dollars. What happened prior to our investing is out of our control. Once we plunk down our money, we are in it, regardless of what transpires then. I don't know about you, but I have worked too hard for my money, and I don't see me, or anyone else on this board walking away from $5K, much less $150K+. It is OK to hate Jeff...not my problem. It's OK to rank on what he is doing, again, not my problem. But, when you continue to attack the project, where innocent people have invested, you are hurting us....not Jeff. He's got his money. So, please, give it a rest. Gosh...it's gets so tiring. Not everyone had the luxury of living on the island and seeing what was going on from the gitgo. We walked in to it blindly, and have been bashed ever since. I am waving the white flag.....I surrender. Now, let us go in peace.

"We walked into it blindly" Did you read the association bylaws prior to purchasing? And if so, what did they say about time share?

Sun & Sand
You have my heartfelt sympathy. I understand that a lot of people bought into Reef Village sight unseen. Their web page looked great. It made it look like the condos were right on the beach. And the price was right!
Now you all are suffering from the same thing we, your neighbors are.
This is kinda like the Iraq war - many of us support our troops and not the politicians who got us into this mess.
I don't know what we can do to let you owners know that it is not you we are upset with. S&S - thanks for your post. Do you have any suggestions?
We sure don't want to let Jeff destroy the south end of our island.

There wasn't anything that I can remember about timeshares. But, it also didn't say anything about the developer creating buildings for timeshares...so, catch 22....It's his property..he can do with it what he wants, and we can't stop the time shares. But, we own our units, and they aren't subject to time share distribution. The buildings being built specifically for time shares aren't any different that other areas who decide it's a way to make fast money. Just think about it....18 units at at least $7,000 week, times 52 weeks....hmmm...not rocket science, is it. I would say it's fast money with very little liability. Free enterprise? Yep. Do we like it? Nope. Can we do anything about it? Nope. So, where do you go from here? Don't have a clue.
And, Harriette, I wish I knew. I am just an owner, living in the US, with no control over what happens. I just have learned to watch...and learn. I got my head chopped of the last time I said anything about it, so I'm not gonna do that again. But, you will notice, I'm not defending so adamantly anymore...

If people hadn't supported the project by purchasing, would he be attempting to build another? Just because they bought "blindly or sight unseen" doesn't make them any less responsible. If they were responsible, maybe they wouldn't have bought blindly and sight unseen. I have a hard time viewing them as victims. If they are victims, it is either because they addmitidly purchased because it was cheap or they did not research the bylaws or intended plan for the development.