This is my first post to TUG and would appreciate some impartial advice from fellow members. I understand that everyone's circumstances are different and subjective but we've just got back to chilly England having spent a wonderful two weeks in Kauai. Whilst there we were seduced by the Westin Princeville Villas and purchased 1 1/2 weeks for $71,000. I am a SPG Platinum member and was enticed not only by the resort but by the starpoint incentives. The problem is now that we're back we're questioning our judgement for the following reasons;
1. Given that we would only go to Kauai say every 4 years, are we crazy to buy a timeshare in Hawaii?
2. If we kept hold of it for just 5 years, would I be naive to think we would get our money back if we re-sold then?
3. I now notice (following research on TUG) that this is a Voluntary resort and therefore could reduce it's value as a resale?
4. One of my main motivations is to eventually get up to 4 weeks so we would get SPG Platinum for life. Can this only be achieved by buying from the developer?
5. Given that being able to convert to Starpoints is one of the biggest advantages for me, is there a cheaper way to buy the equivalent of 148,000 Staroptions and then convert to Starpoints without having to spend $47,000 on one week in Kauai?
I would have liked more time to research before buying Princeville but we had to sign up whilst we were there and we won't be hopping back there for a year or two.
I've got 3 days left to rescind.
Thanks
Andrew
1. Given that we would only go to Kauai say every 4 years, are we crazy to buy a timeshare in Hawaii?
2. If we kept hold of it for just 5 years, would I be naive to think we would get our money back if we re-sold then?
3. I now notice (following research on TUG) that this is a Voluntary resort and therefore could reduce it's value as a resale?
4. One of my main motivations is to eventually get up to 4 weeks so we would get SPG Platinum for life. Can this only be achieved by buying from the developer?
5. Given that being able to convert to Starpoints is one of the biggest advantages for me, is there a cheaper way to buy the equivalent of 148,000 Staroptions and then convert to Starpoints without having to spend $47,000 on one week in Kauai?
I would have liked more time to research before buying Princeville but we had to sign up whilst we were there and we won't be hopping back there for a year or two.
I've got 3 days left to rescind.
Thanks
Andrew