I was at maui Ocean Club last week for a tour. I am a owner at Grande vista.
They offered me an equity upgrade with or without adding an additional week.
2BR Ocean front $69000 occupancy 2008
2 BR Ocean View $62700 Occupancy 2009
equity for Grande Vista: 2 BR/Platnum/lockout
if add a week $17500
only swap for OC Front $16450
only swap for Ocean View $15500
Incentive
swapping: self referral 40000 points
adding a week 150000 + 40000 points.
pay the maintainace fees for 2007 : get marriott points.
I havent had great success getting good marriott exchanges with Grande Vista, will it change with Maui OCean club as it is top on the list.
If i dont intend to go to Maui every year, is it crazy to spend $69000 or stupid to spend $138000 for 2 weeks.
I am confused, and the prices go up next week
any words of wisdom greatly appreciated
Dr Manny
Regarding trading, Maui will trade as go or better than everything in the system, and much greater than GV, which is average at best.
It sounds like you made the mistake I made, and many others, when they believe the speil about buy low, trade high. Now if you can travel short notice and don't mind shoulder season travel, you may be OK, but if you want to go to the prime resorts during prime season, you need a platinum week at a top tier resort to get into other similar resorts.
Now you can forego ownership to just rent, because there are alot of rentals out there, but if you plan on going regularly it makes sense to buy, mostly resale, and start your own ROI.
I think there is a break even point in the rent or own question, and based on what you are saying, it sounds like you don't want to go to Maui enough to make ownership the best approach for you in my opinion. But to that I would say, plan on going to Maui more, because its paradise and find a good Maui resale or two to buy.
Good luck with your decision.
Regards.
Joe