[ 2014 ] Buy a Grande Ocean week....or just keep renting??

[pedro47]

"time value of money".........an interesting concept.

and it's brought up a lot when analyzing and weighing timeshare purchases, as it should be.

and yes, I get it...the argument isn't lost on me.

but I'd be lying to myself if I didn't throw into the discussion a variation of the term "time value of money", and that would be
the "value of what money can do with your time".

And the best example I can possibly think of would necessarily include a couple of fantastic vacation options which would always be present for any family, year after year, so that there is something concrete that brings you all together at one time and in one mind on a consistent basis. Something everyone can hang onto through all the family members' age changes.

Our "fantastic options" were owning a few weeks at Grande Ocean, and as things have panned out, it's been priceless. Our kids have grown up there, and the memories would have been nonexistent had it not been for that.

To the OP: Do whatever you can to gain that time with your family, and don't neglect it. And don't discount it altogether by always opting instead for traditional investments alone, at the EXPENSE of precious family time.

If renting does it for you, rent.....Or if buying a great resale opportunity, go for it. Then go invest separately.

Both are necessary. They are different kinds of investments. I'm frankly tired of the argument that always states you should not buy a timeshare because you can invest that money so much better from a financial standpoint. Well sometimes, how about just forgetting the meager $9K and just placing it on the table for your family to enjoy now. Someday you'll get that full sum back, "with interest".

Nowadays, with Grande Ocean weeks in particular holding their value strongly, there is minimal risk, imho. Like I said, you'll get it back. If you place that same money elsewhere, there is an inherent risk factor.

Family vacations contribute to shaping our children into the kinds of people we wish them to be. The children may have a serious and private discussion with you while on vacation, something that may never happen otherwise, and they will remember it forever, and take action on your advice in remarkable ways. So allow a little wiggle room in your "investments" to include that. Time flies, and you can't regain it. I would never even consider doing anything different than what we did.

A Gold OF week at MGO for $9K range (or similar option anywhere else) is not a wasted sum. You'll only come to understand after a few times there, and even more so after two decades. I view it as a fantastic and necessary adjunct to a separate traditional investment portfolio. There are investments and there are investments.




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great advice

 

[FlyerBobcat]

great advice

+1 on the Marty write-up! :whoopie:

 

[Fasttr]

Thank you all for your collective wisdom and advice. The conversations continue with the owner, and it sounds like a good deal if I can snag it in that range....so you never know....

 

[jont]

Thank you all for your collective wisdom and advice. The conversations continue with the owner, and it sounds like a good deal if I can snag it in that range....so you never know....

good luck! please let us what you finally decide.

 

[MOXJO7282]

A few reasons why I never subscribed to the "lost value of money" argument.

First a TS purchase should be made with discretionary money.

If you don't own a home and have 10% going to your kid's future (if applicable) and 10% or more going into a retirement fund of some kind then you really should not be buying a TS in the first place.

The second reason is what Marty so eloquently stated. What about the "value" you receive from spending the money when it's spent for such a purpose.

I love to look at my spreadsheet that I keep all my TS costs and rental income on. Owning and renting prime Marriott TSs has really been a huge financial success in terms of the value received vs. money spent but that isn't nearly the best part.

The very best part is treasure trove of wonderful memories that it gave my family that are truly priceless. So getting a premium one like a GO OF Gold is
at a good price for me is a no-brainer.

 

[Saintsfanfl]

"time value of money".........an interesting concept.

and it's brought up a lot when analyzing and weighing timeshare purchases, as it should be.

and yes, I get it...the argument isn't lost on me.

but I'd be lying to myself if I didn't throw into the discussion a variation of the term "time value of money", and that would be
the "value of what money can do with your time"....

Not to quote the whole thing again but being a financial guy I am always thinking about the time value of money. This is absolutely a fantastic post.

Should it be the time value of money or the money value of time? You can always get more money, but none of us will ever have "enough" time.

Time is priceless and money is for spending. I am sure the financial side of me will contradict myself in future posts but this is great stuff.

 

[GaryDouglas]

Time is priceless...

This thread tangent reminds me a quote from the Fabulous Furry Freak Brothers (okay, I'm showing my age) "Dope will get you through times of no money better than money will get you through times of no dope". OK, stick with me on this. Translated for this subject, "Time will get you through times of no money better than money will get you through times of no time".

We have a growing volume of pictures of the grandkids as they grow up at MOC. Six years and counting for the kids, 10+ years for us. This cannot be quantified and entered into a spreadsheet. It's weighed emotionally along with the analytics of the financial analysis. Good luck with the balancing act...

 

[jont]

You can always get more money, but none of us will ever have "enough" time.
Time is priceless and money is for spending.

exactly!!!!!

 

[elleny76]

Beautiful..105% agreed!

"time value of money".........an interesting concept.

and it's brought up a lot when analyzing and weighing timeshare purchases, as it should be.

and yes, I get it...the argument isn't lost on me.

but I'd be lying to myself if I didn't throw into the discussion a variation of the term "time value of money", and that would be
the "value of what money can do with your time".

And the best example I can possibly think of would necessarily include a couple of fantastic vacation options which would always be present for any family, year after year, so that there is something concrete that brings you all together at one time and in one mind on a consistent basis. Something everyone can hang onto through all the family members' age changes.

Our "fantastic options" were owning a few weeks at Grande Ocean, and as things have panned out, it's been priceless. Our kids have grown up there, and the memories would have been nonexistent had it not been for that.

To the OP: Do whatever you can to gain that time with your family, and don't neglect it. And don't discount it altogether by always opting instead for traditional investments alone, at the EXPENSE of precious family time.

If renting does it for you, rent.....Or if buying a great resale opportunity, go for it. Then go invest separately.

Both are necessary. They are different kinds of investments. I'm frankly tired of the argument that always states you should not buy a timeshare because you can invest that money so much better from a financial standpoint. Well sometimes, how about just forgetting the meager $9K and just placing it on the table for your family to enjoy now. Someday you'll get that full sum back, "with interest".

Nowadays, with Grande Ocean weeks in particular holding their value strongly, there is minimal risk, imho. Like I said, you'll get it back. If you place that same money elsewhere, there is an inherent risk factor.

Family vacations contribute to shaping our children into the kinds of people we wish them to be. The children may have a serious and private discussion with you while on vacation, something that may never happen otherwise, and they will remember it forever, and take action on your advice in remarkable ways. So allow a little wiggle room in your "investments" to include that. Time flies, and you can't regain it. I would never even consider doing anything different than what we did.

A Gold OF week at MGO for $9K range (or similar option anywhere else) is not a wasted sum. You'll only come to understand after a few times there, and even more so after two decades. I view it as a fantastic and necessary adjunct to a separate traditional investment portfolio. There are investments and there are investments.




.

 

[Retired2025 aka AlmostRetired]

"time value of money".........an interesting concept.

........

.

Won't quote it again but wonderfully said.

When we put money in an IRA/401K, how each of us invests is different, but the objective is same....retirement. When we set aside time for our families, how we spend that time may differ but the objective is family bonding. I think we sometimes give timeshares too much of the credit and ourselves not enough credit for the wonderful experiences we create with our families as it relates to timeshares. The timeshare is a means to an end and if one was never purchased, I have no doubt that many, if not all of us would have achieved that end in other ways.

Again, well said.

 

[jimf41]

great advice

My sentiments exactly, great post.