With DVC as the management company, there are a LOT of things they could / could not do which would adversely impact our DVC investment.
For example, if they quit exercising ROFR on resale contracts, the prices of resales, and thus the value of DVC ownership, will PROBABLY begin to decline. I say "probably" only because some people claim that supply and demand will keep prices high. That may or may not be true.
If DVC chose to practically rebuild the resorts from the ground up as 2042 approaches, they COULD do so at our expense (via maintenance costs).
They also directly impact our maintenance fees via the staffing and efficient (or inefficient) operation of the resorts.
Recently a great example of this has apparently occurred. According to reports from winter meetings, DVC has decided to enhance the pool at OKW. While DVC is paying for the pool expansion, the annual upkeep and wages of full-time lifeguards will be passed along to OKW members via higher dues. OKW owners were not asked to vote and approve this move--DVC made the decision unilaterally and each OKW owner will pay some portion of the cost over the next 38 years.
Another sore spot with current owners are the exchange rates for the other Disney resorts. They've really skyrocketed in recent years, which is no doubt disappointing to those who purchased 4-5 years ago or more.
Yet another example would be park tickets. People who bought into OKW when it first opened were given free park tickets. I don't know what sort of commitments were made regarding that specific perk, but I do know that it was eliminated in 1999.
Now this element of uncertainty is by no means exclusive to DVC in the timeshare world. But the reality is, as owners, we are often subject to the whims of the management company.
95% of the time I agree with Maistre Gracey--we are probably in very good hands with DVC as a timeshare manager. But, 40-50 years is a LONG time. Disney will be a very different company in the next 3-4 decades, as will DVC.
That's your reality check.
But remember I am still a member, as are most of the other people you see posting on these boards. With all of the inherent risks, we still took the plunge.
But, back to my point. I think you're doing yourself a disservice to try and save $1000 by purchasing at a resort which is NOT your first choice. That's my opinion, and it's shared by many others here based upon the posts I've read.
If you decide to ignore that advice, it's certainly within your right to do so.
Personally I love OKW and would be happy spending EVERY trip there. But if you would be happiest at BCV, then isn't it worth the extra money to OWN a piece of that resort? Would you rest easier knowing that you have a much better chance of reserving a room there than any of the THOUSANDS of people in the DVC program who do not own a part of BCV?