While I agree with the basic idea, that approach has an added cost of around $2.5-3.5K additional ignoring other factors. IMO the option alone is not worth the cost. Of course there may be other benefits like waiting to buy for part of the points and/or different home resorts which could make the option more reasonable.
I think the part you're missing is that the smaller contracts also go for more per point. That's where my gestimate of $2.5-3.5K came in on 300 points. I assumed an extra $1000 or just under for the 2 extra contracts and an extra $5-10 pp more in the contract costs. IF you can find a single seller who is selling multiple contracts in this size range, you may be able to do better and save some of the closing costs as well. It's also more difficult to find that size contract than the 150-200 I mentioned before. I remain convinced that the extra costs, simply for the possible option of legacy, is unreasonable. IF I were going to do multiple contracts for future options, I wouldn't go for 300 needing 100 and I would definitely look at multiple home resorts to have additional options. I realize the extra cost for BLT are significant but $40 a point difference may be a little high, maybe $30 a point difference is more realistic but the same principles hold. You'd recoup some of the extra costs from the lower dues, not all but part. There are also other possible home resorts that might not be that much more than SSR, like AKV or BWV.
To a degree value is subjective. From a dollar standpoint the fact you can get the standard view at a cheaper cost adds value. Certainly if you don't value the resort enough to want to stay there periodically, SSR is a better option from strictly a long term cost standpoint. These are ultimately decisions you'll have to make and to decide what's best for you and your family. My personal opinion based on the info you've provided is you should start with a single contract in the 150 or just over range and see how it goes. You can always add more later resulting in a similar situation. You've said yourself you don't plan to leave it to anyone anyway because there's a good chance you'll live to the end of the RTU.
I personally would include the time value of money but then I would for any large purchase that I look at over more than a 5 year period including a car. I'd assume an increase of 8% per year on the amount that is more than 5 years out, which is about half of the upfront amount in my way of looking at it. I would assume the withdrawal for yearly trips at the cost of the trip for each year. This scenario without the time value of money will give you the best or worse case scenario depending on which side you look at assuming other reasonable variables. I personally would assume higher than a 3% maint fees, likely 4% and hope for 3.5%. I know it's more complicated but I feel it gives one a better picture of the true cost and risk of owning DVC. Obviously this assumes paying cash but I wouldn't recommend buying if one didn't. I'd also look at a ROI of 10 years which is why I said to only look at half as long term investment, not the life of the contract. IF one does finance, you've got to add in those costs and interest as well.
) I figure we'll be able to afford to visit WDW and stay in a Deluxe room - and to pass that ability onto the DD ...
