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Timeshare Exit
#184112
02/14/2019 09:26 AM
02/14/2019 09:26 AM
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Joined: Nov 2006
Posts: 37 Philadelphia, PA
TIM
OP
Traveler
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OP
Traveler
Joined: Nov 2006
Posts: 37
Philadelphia, PA
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Does anyone know about exiting Oyster bay beach resort
Tim
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Re: Timeshare Exit
[Re: SXMFOX]
#184283
02/15/2019 10:21 PM
02/15/2019 10:21 PM
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Joined: Mar 2009
Posts: 18,825 Auburn, WA
SXMScubaman
Traveler
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Traveler
Joined: Mar 2009
Posts: 18,825
Auburn, WA
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I have to get in on this conversation! I still don’t understand why people buy time. It is just time, not real ownership. Seems like a waste of money in my opinion. It is way cheaper to just get a room or villa (large one) than just blowing money on time. At the end of the day, you still don’t own a thing, except a piece of paper, with TIME. My two cents, so please don’t beat me up, just school me. Do we have to go down this road again?
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Re: Timeshare Exit
[Re: SXMFOX]
#184296
02/16/2019 04:21 AM
02/16/2019 04:21 AM
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Joined: Aug 2012
Posts: 2,288
PelicanPirate
Traveler
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Traveler
Joined: Aug 2012
Posts: 2,288
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Ever since our honeymoon on Maui and returning the following year to find “our” hotel was selling “our” room as a timeshare we thought of buying it as we planned to be back every anniversary. Well, then kids and costs, and we said good thing we didnt by “our” room as we wouldnt see Maui for 12 more years.
The best thing about a timeshare to me would be to help “force” a couple to make time and make budget for a vacation in a place and at a time that brings great happiness. Certainly, SXM is one of those places. Our trips have always been at New Years or in June.
Also, if a place were very hard to find good, comparable qccomodations and thus if you didnt “buy” you couldnt get it it wiuld have a different value. But, generally, I dont know of a place where that is true on Maui or SXM.
We looked into buying a yellow umbrella studio. That investment is even whackier than a timeshare would have been.
So, I dont look at a timeshare as a good investment or even an investment period. It is a vacation expense that is judged to be affordable/a good deal that forces a vacation to occur in a place that brings immeasurable happiness.
So, if a place no longer brings the happiness or the wallet cant afford the trek then the timeshare looses its purpose or “value”.
For those that can sell for something that shows more people share that happiness factor.
Some retain it and some lose it completely. Usually through mismanagement of funds.
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Re: Timeshare Exit
[Re: RonDon]
#184313
02/16/2019 10:03 AM
02/16/2019 10:03 AM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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RonDon--It depends on the timeshare. SOME places, the AMF are way out of line with the other resorts on island, like Diamond. Before Diamond decided they were going to take 3 years to rebuild after Irma, you could almost ALWAYS rent someplace at Royal Palm or Flamingo for less than the AMF. Something wrong with that equation. Other places, like LaVista and LaVista Beach, have much more reasonable AMFs. For ME, timeshare never made sense, as I certainly don't need anyone to MAKE me take a vacation! And due to Eric's work schedule having to be coordinated with other people, he could not go at the same time each year (although we usually went on vacation for a week three times a year). With regard to SXM in particular, for years, we stayed on the French side, as was our preference and there was maybe ONE? t/s on the French side. And we wanted to go different weeks and stay at different places. So t/s made no sense for us, totally separate from the question of price paid. Over the years, I would say we've easily stayed at probably two dozen DIFFERENT places. And our wants and needs have changed drastically over the years. If we were ever tempted to buy t/s, which we never really were, we would only have bought at LaVista Beach. That is because of the ownership there. If you buy t/s in SXM, you have ZERO protection from the laws of SXM. Your ONLY protection is the integrity of the owner of the t/s resort. After Irma, the Summit is GONE, shoot can't think of the name of it, that other resort in Cupecoy is GONE, Diamond "owners" are scr*wed over until 2020, at least, the Towers? Who knows? Then there's Caravanseri. Then there's the Pelican, now SBR. On and on. You can judge a company by what happens when the WORST happens, which is Irma. LaVista and LaVista Beach began rebuilding right away and they are better than ever now. Other places, not so much.
Carol Hill
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Re: Timeshare Exit
[Re: Leagle49]
#184330
02/16/2019 12:10 PM
02/16/2019 12:10 PM
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Joined: Mar 2009
Posts: 18,825 Auburn, WA
SXMScubaman
Traveler
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Traveler
Joined: Mar 2009
Posts: 18,825
Auburn, WA
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Here are a few of the reasons I bought a timeshare at Simpson Bay Resort and m glad I did. First, it forces me to take a vacation. For us workaholics who are also frugal, it is a way to make us take a vacation when we might otherwise just stay at home and work. The renting he cost of the unit and the cost of maintenance fees when amortized over the years works out to be a bit less than renting the comparable unit. The main advantage that we're guaranteed the same unit with a spectacular view. When renting, especially now that there are fewer units after Irma, you may have difficulty finds the right unit during High Season. We like knowing that we have the same unit every year, knowing exactly what's in it and where we'll be. It was never an "investment" and was not ever going to be. Ditto
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Re: Timeshare Exit
[Re: PelicanPirate]
#184399
02/17/2019 09:15 AM
02/17/2019 09:15 AM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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We had. Onidea the lower section was there from our single morning breakfast visit. While it was. Ice up there it was t on the water. WHAT?? Come on people, please read what you post..
Carol Hill
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Re: Timeshare Exit
[Re: PelicanPirate]
#184427
02/17/2019 01:31 PM
02/17/2019 01:31 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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Thanks, Pelican. Everyone makes mistakes, but it's good to acknowledge them when made. While this isn't school and shouldn't be graded, it doesn't hurt to make sure that your post at least makes sense.
Carol Hill
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Re: Timeshare Exit
[Re: PelicanPirate]
#184443
02/17/2019 02:46 PM
02/17/2019 02:46 PM
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Joined: Jul 2006
Posts: 13,432 Peaceful Eastern North Carolin...
GaKaye
Traveler
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Traveler
Joined: Jul 2006
Posts: 13,432
Peaceful Eastern North Carolin...
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So we visited and ate breakfast and it looks well cared for but the general area there seems very busy. I see on the google map there is a lower half across the road with another pool. Are there other amenities down there? A bar? How is the chair situation? The lower section you refer to is La Vista Beach. We own three weeks there in a studio. There was once a tiki bar down there, but that was removed due to a dispute with the owner of the property next door. Frankly, I don't feel the need for a bar there with my room steps away from the pool. There are plenty of chairs and umbrellas for the pool, and guests at La Vista and La Vista Beach can use either pool. The beach there isn't really swimmable, and there are no chairs on the beach, although I have seen guests take pool chairs down there. If we want to spend the day on a beach, we go to one of the many other beaches on the island. I'm not sure what you mean about the area being busy. Our unit faces the sea, and we are completely unaware of any traffic while we're there.
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