KOR5Star
newbie
They can take away EVERYTHING.can they take away the platinum for life???? hoe is this perk written in the eliye papers? is there anyway they can take it away? please respond to this, i will not become a 5* if their is any possibility that they can revoke platinum for life after you have it.
Nothing is set in stone except the particular unit and particular week you own.
The only question is "How likely is it that these things will be eventually taken away?"
The answer is everything that is unique to Starwood is the most likely. If, for whatever reason, Starwood no longer manages our home resort, we could not expect the perks we receive from Starwood to continue.
It's likely that the basic fundamentals of timesharing (float, membership in an exchange company, etc...) would continue because the owners would want that to continue.
At one point in the distant future, all our timeshare ownership is destined to be sold, proceeds split between owners and creditors, torn down and rebuilt as possibly something completely different. It's inevitable.
But before that happens, expect a few enourmous assessments as things deteriorate and need to be brought back to life... like the roof, the pool, renovating the rooms, etc... It's the same as your house back home. It's new for awhile. You renovate. It's kind of new again. It might be renovated again. It's... sort of new... again. Then when you renovate for the thrid time, there are so many structural problems that it's easier and cheaper to tear it down and build a new place... if the neighborhood remained a good one.
All that talk about willing it to your children and your children's children is just that... talk. What would your great grandchild want with a dilapidated building that would cost him a ton of money every year in MFs just to keep going? What management company would sign up for the headaches to manage a place like that?