pangyal
#TeamSven
- Joined
- Jul 26, 2014
- Messages
- 5,529
Yep, these are the sort of holes I was hoping someone would poke in the plan, so thank you!Renting? In this economy? Bad idea. Owners and renters alike were left frustrated by rental companies, and historically existing reservations have always been harder to rent than simply offering up points and booking what a renter wants. Not to mention this will be a very expensive reservation, so you will need to find a renter that wants to stay Sunday - Sunday and is willing to offer several thousand dollars to do so.
This has bad idea written all over it. Use your points that you have now, and buy a large CCV resale contract in 2042 if you still want it. Financing a purchase, relying on rental income to conver it, and having no plans to use it for 20 years has red flags all over it.
We wouldn’t be financing, though- by paying off the contract I mean essentially paying ourselves back for the outlay. And I would be fine opting out of the GW and renting the 10% higher amount of points if that’s what will go faster. We just want a guaranteed Christmas stay there and it seems like people are getting locked out of that resort at every turn.
Thanks for the thinking points
