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Old 01-29-2013, 12:46 PM   #1
Join Date: Apr 2012
Posts: 89

Larger Contract than you intended

Hi, my wife and I recently came into a windfall. Wanted to use about $5k to purchase a 100 point contract at SSR or OKW. Looking at contracts on the ROFR page, and available resales, we're thinking that a 300 point contract might work better for us.

We have three girls all under the age of four. Right now we all fit happily into a studio. Obviously things will change. I don't want my girls to have to deal with their disgusting father (me) punishing the toilet every morning on vacation while they're getting ready. So a 1 or 2 bedroom is totally in our future. We'll also be taking a minimum of one trip per year for the foreseeable future.

So I'm looking at maybe buying a 300 point contract and renting out the extra 200 for the next four years or so. We'd come pretty close to even in the long run. We're liquid enough for it right now to purchase 300 points without borrowing money or putting ourselves into a pinch. I know the MF will be 3x higher per year, but I kinda consider that a wash when thinking about the money we'd save on the AP.

This seems like a no brainer to me, but am I missing something in my calculations or anything? Anyone else do the same, rent points to reimburse yourself for larger up front costs? I know the market for rentals could change, but I don't see anything crazy happening in the next four years, which is how long we would rent out the extra 200.

Have stayed at SSR, OKW, and BCV. I'm perfectly happy with SSR if we get 'stuck' there. Actually, I'm kinda confused why people have a problem with SSR, it was absolutely beautiful.
Thanks in advance for the help

Last edited by rojen; 01-29-2013 at 12:54 PM. Reason: added where we had previously stayed
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