how long can you stay in a ts?

[pointsjunkie]

are there any rules that states how many weeks can a person stay in a starwood timeshare? in other words can a person purchase 52 weeks at one resort(resale of course) and use that as there home?

 

[CMF]

Huh?

You'll never get to know your neighbors

Charles

 

[jlee2070]

Probably can but the cost and especially the MF's would be a killer and a LOT more than out right buying a place...

 

[iluvwdw]

Probably can but the cost and especially the MF's would be a killer and a LOT more than out right buying a place...

If you pay about $700 per week for MFs, the annual MFs would be $36,400 alone. PLUS the price to buy the weeks.

 

[formerhater]

In other words, if you have that much money coming out of your ears, you can do much better than a 2 bedroom lockoff with mid-week partial maid service.

 

[DeniseM]

The big book of Starwood says:

SVN members can reserve up to two weeks in any one unit type, network wide, for each villa purchased.


But don't ask me to explain it....

 

[pointsjunkie]

The big book of Starwood says:

SVN members can reserve up to two weeks in any one unit type, network wide, for each villa purchased.


But don't ask me to explain it....

but if a person purchased 52 weeks at sheraton vistana resort at $100 per week they would own 52 weeks for $5200 plus the maintenance fees at say $500 per week which would come to $26000 per year, where in the world can you get a furnished beautiful 1 br villa to stay at all year? my husband & i were just playing what if.....

it is not as crazy as it originally sounded, right?

so the question is ...could it work and would a person be able to stay there for the year?

 

[formerhater]

so the question is ...could it work and would a person be able to stay there for the year?

Here's your homework assignment. Call SVO and get the official answer and report back.

 

[pointsjunkie]

i just called starwood elite and they said if you own 52 weeks at the same resort , all the seasons and the same size unit, it MOST DEFINITELY CAN BE DONE.

 

[duke]

it is not as crazy as it originally sounded, right?

You would have to call Starwood every week for the rest of your life!

 

[AwayWeGo]

Staying In Timeshares . . . Forever.

Well, staying in'm for a nice l-o-n-g vacation anyway -- & not all of'm necessarily StarWood timeshares.

Ray & Darlene Harper wrote up how they did it for the TUG Advice section.

Click here for that.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[pointsjunkie]

once you get to be 5* they told us (don't know if it is true) that the consierge will handle all our reservations, if we tell them what we want ahead of time.

not doing it, just wanted to know that it could be done.

 

[pointsjunkie]

Well, staying in'm for a nice l-o-n-g vacation anyway -- & not all of'm necessarily StarWood timeshares.

Ray & Darlene Harper wrote up how they did it for the TUG Advice section.

Click here for that.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

it would not be vacation, it would be living in orlando in retirement. not doing it but it is interesting to know it can be done.

we would vacation elsewhere.

 

[Bill4728]

The idea of buying 52 weeks and living at the TS full time has been discussed several times here on TUG. There are many areas where TS resales are 10% or less than comparable condo sales.

As an example.
A 2 bedroom ocean front /view condo in the Dana point area of SoCal might run over $2 million - A resale purchase of the Riveria Beach TS in Dana point is running about $2000/week or a little over $100K. And you'd have save 95% over buying!! ( granted it is just an OK TS and not top of the line at all) If you saved $1,900,000 by buying the TS instead of the condo, the extra cost of weekly MF would take many years to even get close to catch up. Also, the electric, phone, cable, water & taxes would all be included as well as twice a week maid service.

Using the same example: the Marriott Newport coast TS has an average TS resale cost of around $15K to $16K. So for around $900K, you could get a unbelievable 2 bedroom condo with a killer ocean view. And you'd save over $1 million, but only 55% over buying.

 

[CMF]

Using the same example: the Marriott Newport coast TS has an average TS resale cost of around $15K to $16K. So for around $900K, you could get a unbelievable 2 bedroom condo with a killer ocean view. And you'd save over $1 million, but only 55% over buying.

And your unit gets totally redone every five years :whoopie:

But where would you keep all your stuff? That's one of my big complaints about living in a condo - too small, no garage or attic to keep all the good junk. And, suppose you want to change things around in your villa? Get different furniture, appliances, etc? Put a big planter out on your balcony? I don't think I would like it even if doable.

Charles

 

[SOS8260456]

You'd really need to scale down the "stuff". I don't know about doing it year round, but we do plan on doing it for several months at a time when we retire. I have been testing the waters the past two summers with 5-6 week trips to Orlando. Some of the best parts for me so far have been:

I have to do minimal cleaning.

If something is broke I just need to call maintenance.

Because we are living out of our suitcases, we have minimal clothes and I just need to wash and immediately put away. No piles of the "more than we need" clothing items waiting for me to find room in our overstuffed drawers for them.

Because we are living out of our suitcases, we also have minimal stuff and practically no clutter which is probably the main reason I can never get my home clean.

Lisa

 

[Transit]

Too much of a good thing is not always a good thing. I think you would get sick of it.

 

[LisaRex]

I thought there was some tax reason why you couldn't stay in one hotel room over x amount of days. Residency?

 

[pwrshift]

...Using the same example: the Marriott Newport coast TS has an average TS resale cost of around $15K to $16K. So for around $900K, you could get a unbelievable 2 bedroom condo with a killer ocean view. And you'd save over $1 million, but only 55% over buying.

Not remembering all the details as discussed on TUG a year or so back, but apparently several people bought 52 weeks direct from Marriott and got a much reduced purchase price and lower MF. At the time, similar view small homes in the area were selling for millions, so it worked out dollar wise to be a good deal.

Brian

 

[Bill4728]

Originally Posted by Bill4728
...Using the same example: the Marriott Newport coast TS has an average TS resale cost of around $15K to $16K. So for around $900K, you could get a unbelievable 2 bedroom condo with a killer ocean view. And you'd save over $1 million, but only 55% over buying.

Not remembering all the details as discussed on TUG a year or so back, but apparently several people bought 52 weeks direct from Marriott and got a much reduced purchase price and lower MF. At the time, similar view small homes in the area were selling for millions, so it worked out dollar wise to be a good deal.

Brian

The one thing that may be really bad about buying 52 weeks at a TS would be reselling the unit. You'd get what you paid and maybe a little more but you would not get the $2-3 million that a full time condo with the same view and layout would get.

 

[LisaRex]

The one thing that may be really bad about buying 52 weeks at a TS would be reselling the unit. You'd get what you paid and maybe a little more but you would not get the $2-3 million that a full time condo with the same view and layout would get.

True, plus I don't think you don't get to write off the interest on your income taxes. Nor could you deduct the property taxes.

 

[formerhater]

Another bad thing would be the fact that you'd be living in a timeshare.

 

[pharmgirl]

Met some people at Marriott's KoOlina on Oahu last year. Grandfather bought 52 weeks and gives weeks to his family to use as well as use himself. Very nice! yes, it would be less or maybe same as buying a condo. Plus no hassles just pay the maintenance. As far as being too small - well the newer, hotel chain condos are the same size of bigger than most condos and significantly bigger than most Manhattan condos

 

[califgal]

If a person has the dough I think it could be a good idea, however if you buy a condo you do get the appreciation...if it appreciate.....s and hopefully it would over time and property taxes would remain relatively the same. With a timeshare you would have yearly escalting MF!

 

[Htoo0]

52 weeks of a huge special assessment. Wow, wouldn't THAT be grand.