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Re: SPG, Starwood Timeshare (by R P.):

Just my opinion, you're exactly right below ... there's not a timeshare week on this planet that I would pay $58K for even if I was a billionaire. It just doesn't make sense to sink that much money into one week of accomodations. With all the rentals on the internet alone and in other markets it makes much more sense to rent when/where you want to and not be bothered with the very high initial cost and rising maintenance fees (and possible special assessments).

Also, there's no way I would ever finance a timeshare week. If I couldn't pay cash, then I figure I didn't need it in the first place, especially with all the rentals out there .... again JMHO.

I believe you have answered your own question below very well.

jenniferc190 wrote:

Thanks for your information. I am interested in a Oceanfront 2 bedroom, resale about $58, 000. Assuming this is all I pay (I doubt it). At 6% per year (opportunity cost), I could have earned $3480 from just putting $58,000 in the bank CD, (I am sure I can do better). And considering the maintence fee + taxes, misc. at about $2200 per year, maybe more. I am looking at $5,680.00 ($3480+$2200)per year. Divide that by 7 nights, that's $811.43 per night. I am already a gold member in the SPG program, hoping to be a platinum member some time next year.

I think I might be better off just renting the villa from someone ANYTIME, ANYWHERE I want or just stay at the Westin Maui hotel or its family and get upgraded to the best room possible (due to the elite membership). Either way, it sounds like it's a better investment. Keep in mind that I still get to keep my $58K. Am I right on this? With the timeshare, I have to worry about getting the exact week I am looking for (one year in advance), pray that the airfare will not be too expensive for that week (forget the possible deals) and my or the kids' schedule will not change (hard to tell due to the year in advance). When I do get to the villa, I must HOPE that my oceanview is not a over a parking lot. I really loved this villa and dying to purchase it, I am having difficulties justifying this mathematically. Please do correct me if I am wrong. I do welcome all opinions regarding this location (Westin Ka'anapli Ocean Resort and Villa). THANKS GUYS!

PS. I stayed at the Westin Maui Hotel and Spa, yes, I know the Starwood experience, amazingly nice. I am just hoping to skip the fees, as you mentioned.