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Old 07-03-2014, 05:39 PM   #16
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Originally Posted by StitchBuddy View Post
Thanks for answering my question! I am thinking we will buy at Animal Kingdom Lodge or Boardwalk. We haven't stayed at either one, but I like what they have offer. us it seems difficult to get them at the 7 month mark. We have stayed at Old Key West and we are staying at Saratoga Springs this August. We will buy resale, because we only intend to use it at Disney resorts. We should have done this a long time ago! We have been to WDW 10 times, my DD is 17, but we still enjoy it and hope to take grandchildren some day. In the mean time we can just go and enjoy all the different experiences Disney has to offer.
Obviously every situation is different but I'd suggest you consider how you'll use the points. IMO it's more about where you'll generally stay and cost than simply where you own. If you'll stay at BWV most trips, esp if looking at standard or BW view, then I'd definitely suggest buying there. The same cannot be said for AKV unless one is focused on the concierge option routinely. Even for value rooms, I do not feel buying AKV is the best choice for most people and here's why. If one bought SSR, there's almost certain availability at AKV in standard view at 7 months out into perpetuity. And in that situation SSR will be around the same or a little cheaper than AKV when you look at all parameters appropriately even buying the extra points at SSR over the costs of a value at AKV. Then every time you use points for something else, you gain extra value by owning SSR over AKV. Also consider that the dues for AKV and BWV are among the highest in the system. At least for BWV you potentially get something for the commitment, the same cannot be said for AKV other than the remote possibility of concierge for those that care for it.

Originally Posted by Andrew015 View Post

Normally I always agree with your posts and find your advice to new potential DVC buyers to be spot-on. But I disagree with this advice. Generally speaking, SSR is a "safe buy", for a few reasons. First and foremost, SSR is a newer resort with an extended expiration date as compared to some of the older resorts, and it is reasonably priced as compared to others. For those that "don't care where they stay" or simply love SSR, it is probably the best resort to own at. However, the OP hasn't indicated either of the above, and as a result, I would not give such advice. If the OP buys SSR and decides that she and/or her hubby does not like the resort after all, then they are "stuck" without an 11-month booking window at a resort that they would much prefer to stay at. SSR typically always has availability well within the 7-month window, so unless you love SSR or simply don't care where you stay, then there's not much sense in making that your home resort.

Again, I feel the most prudent approach for the OP is to try and norrow down the resorts that they like the most, or at least "think" they will like the most, then book 1-2 trips via renting from a reputable re-seller. This approach will help to reaffirm that DVC is the right fit, and more importantly, to see if they like the resorts that they have chosen. If all systems are a "go", then start the search process for the right contract.
Originally Posted by supersnoop View Post
The idea behind Bill's advice is that the transaction costs of purchasing and selling SSR are roughly equivalent to renting points for a normal reservation.

For a 160 point contract, you're looking at $400 in closing costs, $800 in carrying costs (maintenance fees), and, if you decide to sell, $1,100 in commissions. That's $2,300 to purchase and sell the contract. Renting 160 points would cost you $2,240 at $14 per point.

So, worst case, if you hate DVC or decide you want to purchase a different resort, you're out roughly $60 and the opportunity cost from having ~$11,000 tied up for a year. Best case, you love SSR, or you're happy with seven-month availability, and you saved the expense of renting.

Since I assume anyone interested in purchasing is going to have the cash available, I think Bill's advice is great.
We've had this discussion recently. I believe that waiting and making a better decision far outweighs any benefit of buying/using now. You have to consider that buying the wrong resort has potential costs and consequences including maint fees, that buying a higher cost resort as a poor choice is far more costly than underbuying at say SSR. Taking more time also allows looking for a better priced and better situated contract as well as likely leading to a better decision. Still, eventually one has to fish or cut bait so every situation is different and incorporates personal nuances that are almost impossible to discuss here. Most people don't even know themselves at this point well enough to factor in all variables. Regardless, even if one makes exactly the same decision now vs a yr from now and rents once equivalent to a years worth of points, there's no real savings even all else being equal but there is significant risk.

Bill can correct me if I'm wrong but I believe he's made 2 purchases thinking they were great that ended up not being the great choices he though they would be. I say that not to pick on him but to say that even those of us who are well versed can't control/predict all variables. Plus things change over time. Its certainly better to underbuy with SSR than overbuy. However, it's rarely a good choice to sell and re-buy from a financial standpoint so one needs to be as certain as possible on the front end.
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