|10-05-2012, 12:45 AM||#16|
Join Date: Oct 2012
An alternate way of comparison
Im looking to buy into DVC too, but my preference, VGC is hard to find or more than I have cash in hand for. So without having even been to DW yet I had to come up with a way to decide which property would be best for my family. So I started breaking down contracts to see what each would cost per point over the entire contract time left by property.
Basically I divided the $ per point by the years left at that property to get a $ per point per year. Then added the MF for 2012. So to compare SSR to BLT:
SSR $50pt/41 years left= 1.22 + 4.73MF= $5.95
BLT $90pt/47 years left= 1.92 + 4.22MF= $6.14
OKW $50pt/29 year left= 1.73 + 5.20MF= $6.93 (not extended)
OKW $70pt/44 years left= 1.59 + 5.20MF= $6.79 (extended)
It helped me to decided on an offer I could live with cash out of pocket now and where to offer at. If I could have afforded $9000 plus closing and MF for BLT I would have, but I only have $8500 max so I went elsewhere.
And yes, the MF's adjust yearly, but I'm assuming that they'll all adjust fairly equally thru the years. For instance, I don't see why BLT would adjust 8% per year and SSR at 3%.
So in the example above, for a 100 pt contract, BLT is only $19 a year more.
Obviously the longer contract means more out of pocket and for me, I don't feel financing is worth it, but maybe you have access to a Heloc at a low rate and are disciplined to pay it back quickly.
Just my thoughts, hope it helps!
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