How much are you willing to pay for a benefit that doesn't begin for 30 years? Do you know what your life will be like in 30 years? How do you know the resort won't have been swallowed by a sinkhole or destroyed by a hurricane? Obviously these disaster scenarios are far-fetched, but it's not totally irrational to discount considerably a benefit that's far in the future. As time goes on and the expiration dates get closer, obviously the prices will diverge. For now, though, people don't seem to be paying that much for a later expiration.
Idk a specific, but to assume a contract in say 20 yrs compared to a contract with 0 yrs to be equal wouldn't be reasonable. (Even if resale value was 0, you would still have 30 van cations left).
I don't know what my life will provide, but making assumptions of I have no ideas.... would lead me to not max out my 401K every yr, and I wouldn't have paid off my house. Every extra nickel went to mortgage instead of getting cable tv, or a home phone, or redoing any room in my home, or drove a newer car. ... Just cause I don't know I won't die, or end up with cancer, or what ever, doesn't mean I'm not better off having a nest egg and no mortgage. ...
If completely destroyed there is insurance, and we'd be reimbursed "cost value ", there is just as much of a chance for the Poly with 49 yrs left as BC with 2. If there were 2 yrs left on the contract or 32 yrs would certainly change the amount of reimbursement.
I agree with many don't look that far, but it doesn't make it more logical, it makes it more emotional.
I also am more conservative than most, and certainly more logical and less emotional even in my time share buying.
After heavy research I bought SSR resale, as it was the cheapest per point for the life of all contracts at time I bought. I took individual wants / resorts out of it completely. (As I was fine with a moderate) Never stayed there until after I owner end.