There's an idea - buy up all the resale V resorts you can afford at low costs in anticipation of SVO/SVN changing their policy - and when they increase in value from their very depressed prices when the policy is changed - cash in. lol
I agree that SVO/SVN could easily change their policy - but certainly wouldn't count (gamble) on it.
Heck - I would be glad for them to pay me to opt-out of SVN for our WKORV OF, WSJ, and WPORV VOIs - I don't ever intend to use SVN - why would we?
I find it only useful for WKV.
Fred - you mention before that SVN membership is 'deeded' with a M property - I don't think that this is the case, but it may just be semantics - it is certainly part of the original agreement signed in the contract. I haven't carefully looked at our deeds, but I don't recall SVN membership being listed (just the usual deed text).
Davenrobin,
It may be semantics. The term used is "inseparable" from the deed. "Inseparable" and "attached" are the words being split.
I wouldn't hold my breath waiting for Starwood to reverse course either.
I am not advocating a purchase strategy based on that happening. I do think that V resort resales represent an excellent value given the beating they have taken in the market. Further, they represent excellent trade opportunities with I.I. (based on the trade results reported on this board alone). That value will be even better if Starwood does what I think they will do. No one should buy any resort they do not intend to occupy.
Yours is an excellent representation of what I am referring to, however.
The resorts you own, you intend to occupy, for the most part. Per your comment, if you could avoid SVN dues you would. Well, if Starwood does reverse course, V resale buyers would not only have the same standing as an M resale buyer, they would also have the latitude to not pay the dues you wish you could escape.
This all goes back to my belief that too much is made of the value of StarOptions. Their absence in a V resort resale does not justify the beating the price has taken compared to the resale prices of M resorts, IMO.