New Westin Flex owner - what did I miss?

[CPNY]

If he loves what he has bought and can afford to pay way over the odds, he’ll be happy.

Ignorance is bliss. And 78K is a ton of cash.

 

[critterchick]

If he loves what he has bought and can afford to pay way over the odds, he’ll be happy.

This. We bought our units (WPORV, Nanea and Flex) before we discovered these boards. Although I now know that we paid more than we had to, we are fortunate that it won't hobble us financially (barring market catastrophe) and we've been very happy with our expensive purchases.

Having said that, however, I would join the chorus of rescind. Although the flexibility of trading among the various Westin properties is nice (and they added one building's worth of Nanea to the pool because of the scarcity of WKOR and WKORN units and the slow sales at Nanea), there is no ability to trade in to the Marriott properties at this time. Unless having Marriott Platinum status is important to you (DH is Titanium thanks to the ability to count villa stays) or you crave Vistana elite status, then you can do much better on the secondary market (somebody please correct me if I'm wrong on either of those [points). That's where we will look if we decide to expand our portfolio.

We are currently enjoying an OV at WKOR, overlooking the park with a lovely view of the ocean (would be spectacular if they laced the tree in front of our 5th floor unit). We booked at precisely 9:00pm PST 12 months out using our Flex.

OP - listen to the wise ones and RESCIND.

 

[CPNY]

My wife and I are in our mid-60's, retired, live by ourselves in the Dallas area, and are in good active health. We've been to many TS presentations over the years and never purchased due to restrictions from family and work - no longer! Three days ago, we purchased the Westin Flex plan - 243,000 StarOptions while visiting the Scottsdale Kierland Villas which we really enjoyed. Paid $78k with first two years maintenance fees waived - about a $10k value so our net cost is $68k. Vistana agreed to load 486,000 SO's (first two years worth) as soon as we are set up in their system. Westin Flex included Vistana properties in Scottsdale (1), Palm Springs (2), Hawaii (4), and Colorado (1) - all places we've visited before many times and would visit readily again - our daughter lives in Phoenix. We paid cash for the SO's.

We liked the idea of trading to other VSE properties and to trade to other Marriott Vacation Club properties on an equivalent value basis. 243,000 SO's should get us into a one bedroom premium villa at high season anywhere in their system. Rep said that sometime in next year or so Marriott and Vistana systems will be merged due to common ownership and exchanges will be treated as internal without having to go through Interval International.

What am I missing? Thanks.

Did you rescind?