Should I buy resale at The Point Poipu???DRI.

[sean7t Junior Member Find all posts View Profile Close sean7t]

Hi,
New here, hoping for some solid feedback.

We have made an offer on a resale TS at The Point At Poipu. 1 week, EY, ocean view, float/float/float, deeded. No Points.Not interested in the points game.

I have done nothing but read on this forum and others and newspaper articles all that I can about TS. Seems to me that a week is a week, and by buying low in a gold crown in Hawaii I will be able to trade through RCI,II,SFX, etc. for equal or better around the world. We would also like to stay at The Point At Poipu every couple of years. Any one have any helpful tips,suggestions,or experiences they would like to share?

It's still not too late for us to get out of this purchase.
Thank You In Advance!
Sean7t

[Spence Super Moderator Find all posts View Profile Close Spence]

Welcome to TS4Ms!!!

Hi,
New here, hoping for some solid feedback.

We have made an offer on a resale TS at The Point At Poipu. 1 week, EY, ocean view, float/float/float, deeded. No Points.Not interested in the points game.

I have done nothing but read on this forum and others and newspaper articles all that I can about TS. Seems to me that a week is a week, and by buying low in a gold crown in Hawaii I will be able to trade through RCI,II,SFX, etc. for equal or better around the world. We would also like to stay at The Point At Poipu every couple of years. Any one have any helpful tips,suggestions,or experiences they would like to share?

It's still not too late for us to get out of this purchase.
Thank You In Advance!
Sean7t

Usually people buy Hawaii to go to Hawaii, although it should be a great trader for you, the expense of maintenance fees in Hawaii + any exchange membership fees + exchange fee can make the price to exchange exorbitant.

Think about it, "for equal or better" if everyone got equal or better how could that work, someone must be getting worse. Near Equal +/- or worse is usually the way it works.

You sound like you've done some homework, if the purchase math and the annual fee math works for you, go for it. You only live once.

[sean7t Junior Member Find all posts View Profile Close sean7t]

Thanks Spence

Thank you for the input Spence!

It is very helpful to get as many viewpoints as possible (this whole TS world seems like a big game and I am trying to understand the game) so we can use the system to our best traveling advantage.

We DO want to go to Kauai often. I see us as banking our first year and then alternating weeks in Kauai and then locations abroad (it is our dream to see the world over the next 30 years and this seems like a good way to control travel costs) going forward.

The current offer on the table is 9K.

Sound reasonable?
Sean7t

[Spence Super Moderator Find all posts View Profile Close Spence]

Thank you for the input Spence!

It is very helpful to get as many viewpoints as possible (this whole TS world seems like a big game and I am trying to understand the game) so we can use the system to our best traveling advantage.

We DO want to go to Kauai often. I see us as banking our first year and then alternating weeks in Kauai and then locations abroad (it is our dream to see the world over the next 30 years and this seems like a good way to control travel costs) going forward.

The current offer on the table is 9K.

Sound reasonable?
Sean7t

Steve is an owner there, I'm sure he'll chime in. It's a wonderful place but I personally don't know the market or how the current slump has affected it.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

If it's a float/float unit there is no associated view category. Instead you can reserve any available week. If you don't want to get into points it's the way to go. If you've read up, you should have come across my tips and advice on how to do reservations.

$9000 is high to me; that's what float-float units were selling for six years ago. I suspect that current sales are no higher than $5000; and I wouldn't be the least surprised right now if you could pick one off for under $1000. The only issue is whether DRI would exercise their right of first refusal on sales that low - for under $1000 I suspect they would. $4000 and they might not. Those are just guesses; I have no recent knowledge of offers made and clearing ROFR.

=====

If you intend to visit Hawai'i as often as every other year, owning in Hawai'i makes sense. And if there is a resort you especially enjoy, it makes sense to own at that resort. That's our situation with Po'ipu. We go almost every year, and that is our favorite resort. We love coming back regularly.

An option you might think about is seeing if you can find someone who owns two every-other-year weeks that are either both odd or both even. That would give you an easy option to stay for two weeks if you wished on your semi-annual visits. If you didn't want to stay two weeks at Po'ipu the week that you don't use would trade exactly like the every other week of the annual ownership that you wouldn't be using.

[aliikai2 Super Moderator Find all posts View Profile Close aliikai2]

9k is way to much to pay for a moderate trader

If you were going to use this unit every year, then maybe you could justify the $1156+- annual fees, but since they ( the resort) bulk deposit weeks, they tend to put the least desirable weeks into RCI which yields marginal trade power.

Your costs to trade this unit for a week are the annual fee of about $1200, your RCI annual membership of about $89 and your trade fee of around $169= $1467 ( not to mention the cost of the unit)

There are many, many great traders to be purchased for under 4k, with annual fees of under $600, that will take you where the Poipu @ the Point won't.

When we purchased at the former Embassy in 1998, the annual fees were $645, here 11 years later they are almost double, and while many of the Hawaiian resorts have seen 50-70% increases due to energy, labor, and insurance, the Diamond resorts seem to have been very aggressive in their increases.

I would suggest you look at one of the mini-systems, like Diamond points, Bluegreen points, Worldmark points, maybe even Wyndham and Vacation International. These all have special areas of value, you just need to pick the one(s) that fit your needs.

jmho,

Greg

Thank you for the input Spence!

It is very helpful to get as many viewpoints as possible (this whole TS world seems like a big game and I am trying to understand the game) so we can use the system to our best traveling advantage.

We DO want to go to Kauai often. I see us as banking our first year and then alternating weeks in Kauai and then locations abroad (it is our dream to see the world over the next 30 years and this seems like a good way to control travel costs) going forward.

The current offer on the table is 9K.

Sound reasonable?
Sean7t

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Good point about trading through RCI with Point at Poipu. If you trade through other systems, particularly SFX, it's a very good trader. It is also quite attractive on direct exchanges.

[winger Senior Member Find all posts View Profile Close winger]

DW and I decided not to purchase Hawaii mainly because annual costs are generally too high (relative to mainland resorts) and we cannot see ourselves counting on airfares to the Islands to remain affordable in the long term.

There are already so many variables in the Timeshare game, having these two variables just make it that much more reason not to purchase Hawaii. though, we love going there!
Posted via Mobile Device

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

We traded into it in one of it's incarnations, I believe the Embassy at Poipu one. We got an oceanfront/oceanview end unit, with the wrap-around lanai, what Geogio The Super Sales Weasel said was their most expensive unit, the ones exchangers never get, because no one can exchange in unless you own there. That was a couple hours before we were checking in and we tried to duck him the rest of the week.

I'm surprised to see it is now a Silver Crown. What, exactly, would make it nicer, except maybe a sand beach, cuz those rocks are pretty hard?

I see it often through RCI, and can trade in with a total out-of-pocket much less than the annual fee there. Same with other nice Kauai resorts. Why buy the cow when . . .

The Point at Poipu (#3682)
Be the first to write a review
1613 Pe'e Road
Koloa, HI 96756
USA
808/742-1888

Units that meet your criteria Total Units Available: 10
Unit Type Max Occup
(Privacy) Kitchen Check-In Date Check-Out Date
2 BR 6 (6) Full Tuesday, May 12, 2009 Tuesday, May 19, 2009
2 BR 6 (6) Full Thursday, May 14, 2009 Thursday, May 21, 2009
2 BR 6 (6) Full Tuesday, May 19, 2009 Tuesday, May 26, 2009
2 BR 6 (6) Full Monday, May 25, 2009 Monday, June 01, 2009
2 BR 6 (6) Full Tuesday, May 26, 2009 Tuesday, June 02, 2009
2 BR 6 (6) Full Thursday, May 28, 2009 Thursday, June 04, 2009
2 BR 6 (6) Full Saturday, May 30, 2009 Saturday, June 06, 2009
2 BR 6 (6) Full Monday, June 01, 2009 Monday, June 08, 2009
2 BR 6 (6) Full Tuesday, June 02, 2009 Tuesday, June 09, 2009
2 BR 6 (6) Full Tuesday, June 16, 2009 Tuesday, June 23, 2009

Wow! A variety of check-in days.

Playing around with different deposits I found that I can get a nice 2-bedroom, beachfront Kauai unit for less than $400 out-of-pocket.

[winger Senior Member Find all posts View Profile Close winger]

how do you factor in the $400 out of pocket cost? Exchange Fee? Annual MF? etc.?
Posted via Mobile Device

[Spence Super Moderator Find all posts View Profile Close Spence]

how do you factor in the $400 out of pocket cost? Exchange Fee? Annual MF? etc.?

While rare, it can be done. My BEST RCI trader has a MF of $239 +XF +RCI annual pro-rated over multiple exchanges can be less than $400. This week and two other ones I own with MFs of $329 and $600 will get ANYTHING that appears in RCI bank, any size.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

how do you factor in the $400 out of pocket cost? Exchange Fee? Annual MF? etc.?
Posted via Mobile Device

It's all about the game! and there are so many different ways to play it. My best weeks traders can get this at about $700 - $800 all in even with cost averaging purchase prices. Short term I can get it for around $300 to $400 and if it can be grabbed in points? even cheaper at times!

The game is what keeps me going. I jazz on picking up great trades for less than Motel 6 prices.

I have some real sweetheart trades coming up that people would kill for that cost less than $600. Villa L'Augerge in Del Mar for Easter. Monterey in July. Crane Barbados in June to name a few. And don't stop at RCI for these. Look further afield to other exchange companies that don't even have annual fees for some as well.

It is all about knowledge and working ( yes WORKING hard ) the system. The goods don't come for free. Addiction helps.

The Point at Poipu (#3682)
1613 Pe'e Road
Koloa
HI 96756
USA Phone: 808/742-1888
www.DiamondResorts.com


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Member Rating



Select Unit Select Unit Type Privacy/Max
Occupancy Kitchen Check-in
Date Check-out
Date RCI Points Value
2 Bedrooms 6/6 Full 05/12/2009 05/19/2009 63,000
2 Bedrooms 6/6 Full 05/14/2009 05/21/2009 63,000
2 Bedrooms 6/6 Full 05/19/2009 05/26/2009 63,000
2 Bedrooms 6/6 Full 05/25/2009 06/01/2009 63,000
2 Bedrooms 6/6 Full 05/26/2009 06/02/2009 63,000
2 Bedrooms 6/6 Full 05/28/2009 06/04/2009 63,000
2 Bedrooms 6/6 Full 05/30/2009 06/06/2009 63,000
2 Bedrooms 6/6 Full 06/01/2009 06/08/2009 63,000
2 Bedrooms 6/6 Full 06/02/2009 06/09/2009 63,000

Total cost? Under $600.

[aliikai2 Super Moderator Find all posts View Profile Close aliikai2]

Here is a great little RCI trader,

San Clemente Inn Timeshare California RCI Red Weeks - eBay (item 220345620490 end time Jan-23-09 11:00:00 PST)


Reserve week 27-34 and deposit a year in advance, should pull almost anything in RCI.

fwiw,

Greg

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

San Clemente Inn Timeshare California RCI Red Weeks - eBay (item 220345620490 end time Jan-23-09 11:00:00 PST)


Reserve week 27-34 and deposit a year in advance, should pull almost anything in RCI.

fwiw,

Greg

well now that is VERY tempting! I shouldn't have looked. BAD GREG!

[aliikai2 Super Moderator Find all posts View Profile Close aliikai2]

roflmao

well now that is VERY tempting! I shouldn't have looked. BAD GREG!