We just visited DVC yesterday, for Kidani at Animal Kingdom. Definitely very impressive, to say the least.
Reading here, though, it seems like this is a good deal (buying DVC) if one really wants to go to Disney resorts (either home resort, or other Disney), and trading is not as great an option.
We travel a lot each year, a bunch if short trips (weekends domestically, long weekends internationally). Maybe 10-15 trips a year. This works out to about 15 or so international hotel nights and a bunch of domestic. So. we'll be trading.
With a 160 point DVC (160 is still the minimum- another thread had a conjecture that it was going to 170), we could get 2 Fri/Sat/Sun weekends (78 points each), and this would amount to the $75 (maybe $95 now) exchange fee plus the $754 maintenance fee, so ~$830 for the two weekend. There could be EUR 400 or so/night (although one can find cheaper). So, this is, maybe $3000/year to be conservative, if you got rooms of that calibre. Then we're saving, let's say, $2000/year with this. At $15,300 for the 160 points (with $8 incentive), this is paid in less than 8 years.
On face, it looks good. But availability in some places (Italy, for example) is slim. We don't know yet about actual availability for Short Stays.
It seems like those with multi-axis (DVC and other) knowledge feel that Marriott would be a better use of the same funds for this sort of travel pattern.
What if one visited Disney every 2-3 years? Would the availability for those times be enough to compensate for the shortcomings in trade? Sounds like we could rent out in the off year and make enough to get the world-wide hotel rooms, maybe even at a minor profit (food is expensive in EUR as well

).
I
We bought direct from DVC at Animal Kingdom recently because there were such great purchase incentives (including a bunch of free points that is taking us to Beach Club this fall for free for a week)! It made it worth while to pay a bit more to buy directly from the developer.
Katherine
I was thinking about the "free" points, and it seems that it's just the points that one would have gotten the current year if the facility existed, as in a more standard purchase, so they're not "free" in that sense compared to buying an existing property and getting points in the first year. One does save the maintenance in the first year with these gifted points, so that saves $4.71/point. At 230 points, that.s about $1080 in savings. Of course,if one put the principle into a 5% account and buys next year, one just about breaks even. In a 3% account, the incentive is about $400. I think the $8/point is the good incentive from the developer, but one could possibly do better on the secondary market.
Just what was running through my head about the same deal last night.
Cheers.