Crohnos01
TUG Member
First of all, thank you again everyone for all the helpful information you have posted on this site. You folks saved me from forking over about $13k last year on a Wyndham site.....I am a believer in TUG!
So, with the economy, rising MF's, etc... I feel torn. On the one hand, I would like to have a TS in Hawaii which I could go haunt every year around the same time. Invite the kids and their spouses/significant others. If they can make it, fine; if not the wife and I have a lovely Hawaiian holiday all to ourselves. I could see me making a retail purchase to satisfy that kind of scenario.
On the other hand, I am a little worried about the MF's in Hawaii. They seem to be astronomically high compared to other resorts and once you buy, it seems you are stuck with them forever. From what I am seeing you literally can't give away a property once your purchase it. How high can the MF's go on a resort, or is there a cap? Or does that vary resort to resort/contract to contract?
I am seriously wondering if just renting/travel agent vacation packages aren't a better deal to accomplish the above scenario? Or am I being overly pessimistic about the market and actually owning a property?
As a tack on related question; If I were to buy, knowing that I want to typically go to Hawaii every year... would I be better off buying in Hawaii, or is it better to get another popular destination with lower MF's as trading stock for a Hawaii trip every year? Or is there such a thing as a popular trading stock for Hawaii?
Thanks again everyone!
So, with the economy, rising MF's, etc... I feel torn. On the one hand, I would like to have a TS in Hawaii which I could go haunt every year around the same time. Invite the kids and their spouses/significant others. If they can make it, fine; if not the wife and I have a lovely Hawaiian holiday all to ourselves. I could see me making a retail purchase to satisfy that kind of scenario.
On the other hand, I am a little worried about the MF's in Hawaii. They seem to be astronomically high compared to other resorts and once you buy, it seems you are stuck with them forever. From what I am seeing you literally can't give away a property once your purchase it. How high can the MF's go on a resort, or is there a cap? Or does that vary resort to resort/contract to contract?
I am seriously wondering if just renting/travel agent vacation packages aren't a better deal to accomplish the above scenario? Or am I being overly pessimistic about the market and actually owning a property?
As a tack on related question; If I were to buy, knowing that I want to typically go to Hawaii every year... would I be better off buying in Hawaii, or is it better to get another popular destination with lower MF's as trading stock for a Hawaii trip every year? Or is there such a thing as a popular trading stock for Hawaii?
Thanks again everyone!