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Re: New Sale or Resale: which is better? (by Addison C.):

JenniferC190, I am glad to know that you understand the concept of opportunity cost. That being said, rent. If you buy, ensure that you plan on flying to Maui every year and factor that cost into your vacation planning. I stayed at the Westin Ka'anapali, and it is wonderful. The rooms, pool, beach... location on Maui... But what I have concluded is that I want to visit all the Maui's of the world. The great thing about Starwood is the ability to go to California, Florida, Cancun, Virgin Islands, etc... but the key word is availability. If you go on SPG.com, there are so many vacation opportunities out there. Why limit yourself to just one beach, on one island. You had already done the math. You can stay anywhere you want with just the interest accrued from your original investment. And like JayJay has stated, do not finance. If you cannot cash out on a timeshare, do not buy it. Just thinking about timeshares is reminding me that I have to pay my 2007 dues... and that could be a vacation all to itself. I think a timeshare is like a boat. The 2nd happiest day of your life is the day you buy your timeshare. The happiest day of your life is the day you sell it. The funny thing is our purchase started off after looking for a condo/beach property to buy. I did the math in property upgrades, taxes, renting, maint. and I concluded that a time share would save me time and money... so I really shouldn't complain... but it's fun.