SunsetMaven
TUG Member
- Joined
- Nov 8, 2015
- Messages
- 204
- Reaction score
- 50
- Points
- 138
- Resorts Owned
-
Sheraton Broadway Plantation
Hyatt Beach House
Disney Bay Lake
Disney Animal Kingdom
Disney Grand Floridian
Hi All,
We have been considering a DVC resale for about a year now. We have owned SBP (Vistana) owners for about 6 years and use it as a trader on Interval. It has worked out great for us but we want to think about adding since we don't have access to RCI to pick up SSR via a trade.
I am considering renting points in perpetuity VERSUS owning. We go to WDW about once every 12-18 months. This year we went twice but that was just a special treat!
Let's say I purchase Polynesian for $150/pt and pay their MFs (rounding it to $7/point for this post). My kids hopefully have at least a good 10 years left of traveling to WDW with us so let's say worst case, I sell it back out for $75/pt in 10 years (hopefully it retains more value than that and DVC ROFR's way higher but just for calculation purposes, please bear with me). Assuming time value of money is 0 (again, not realistic but just for quick and dirty calculations) - I'm paying $7.50/pt plus $7/pt so $14.50/pt per year versus $18/pt when I rent (through David's).
So if we own, it's still about $2,146 (148pts) for a week in a studio with fireworks view out of Poly or GF. This is versus buying an II getaway or something for say Sheraton Vistana for $700 for the week in a 1 or 2 bedroom unit.
The reason why I think DVC is superior and why we want to stay there (and pay more) versus paying less at other resorts are:
- monorail access
- the very convenient shuttle system for all the parks
- fireworks views out of our balcony
- the animals out of the balcony at AKL
- magical express and the handling of our luggage
Can you all tell me what I'm missing? What else? Why do you own at DVC even though it's significantly more expensive than other resorts? I love that DVC owners are so passionate.
Please help me decide before we spend $$ trying to rent. I don't want to waste the money renting once if I'm just going to turn around after our first stay and buy! THANKS!
We have been considering a DVC resale for about a year now. We have owned SBP (Vistana) owners for about 6 years and use it as a trader on Interval. It has worked out great for us but we want to think about adding since we don't have access to RCI to pick up SSR via a trade.
I am considering renting points in perpetuity VERSUS owning. We go to WDW about once every 12-18 months. This year we went twice but that was just a special treat!
Let's say I purchase Polynesian for $150/pt and pay their MFs (rounding it to $7/point for this post). My kids hopefully have at least a good 10 years left of traveling to WDW with us so let's say worst case, I sell it back out for $75/pt in 10 years (hopefully it retains more value than that and DVC ROFR's way higher but just for calculation purposes, please bear with me). Assuming time value of money is 0 (again, not realistic but just for quick and dirty calculations) - I'm paying $7.50/pt plus $7/pt so $14.50/pt per year versus $18/pt when I rent (through David's).
So if we own, it's still about $2,146 (148pts) for a week in a studio with fireworks view out of Poly or GF. This is versus buying an II getaway or something for say Sheraton Vistana for $700 for the week in a 1 or 2 bedroom unit.
The reason why I think DVC is superior and why we want to stay there (and pay more) versus paying less at other resorts are:
- monorail access
- the very convenient shuttle system for all the parks
- fireworks views out of our balcony
- the animals out of the balcony at AKL
- magical express and the handling of our luggage
Can you all tell me what I'm missing? What else? Why do you own at DVC even though it's significantly more expensive than other resorts? I love that DVC owners are so passionate.
Please help me decide before we spend $$ trying to rent. I don't want to waste the money renting once if I'm just going to turn around after our first stay and buy! THANKS!