Am I buying too many points?

[Jlo85]

It would help to know what 2X is. Are you talking 175-350 or 300-600?

I would say as a smaller point owner in general who wished he bought more initially, if you are less than 300 or 350 go for it. If you are going into the 400+ range I would probably just wait.

I already have a 100 point contract, so this new contract would put me in the 300-350 range. Which I hear is a good number of points to have regardless. But still worried it's just too much.

 

[E2ME2]

I already have a 100 point contract, so this new contract would put me in the 300-350 range. Which I hear is a good number of points to have regardless. But still worried it's just too much.

Too much of a Good Thing is still a Good Thing !!

 

[ITGirl50]

Another option is to go on Redweek and went a week in a 2BR somewhere that isn't Disney, or just get an Airbnb beach house. There's a lot in between 20K in extra Disney points and a hotel room.

There are not a lot of AirBnbs in Hawaii. The state government has cracked down on those, so they are only available in resort areas and they aren’t that cheap. Short term rentals are now 6 months instead of 1 month with a few exceptions. If you find a cheaper Airbnb it’s illegal.

 

[Sunnyore]

We went down the DVC resale rabbit hole while planning a trip to WDW with family for late next year. I was trying to figure out a back-up for ROFR, and I'm eyeing an international seller contract. The problem is that it's 2x the points I really wanted for just 'getting our toes wet'. For me, though, I'd rather get a better deal on more points with an international seller than have to overpay on a smaller contract to try to avoid ROFR. We could probably swing it with some short-term financing. I'm just worried that I won't find a way to use the extra points. Though, I think we would try Aulani, Vero, and Hilton Head at some point. And we probably could do bigger groups / grand villas with the extra points. But I'm still concerned about the maintenance costs. I'd be over 300 points total, and I've literally never even stepped foot at a DVC resort. Am I crazy? I feel like I must be crazy to even be thinking about spending this much money.

You’re not crazy. If you’re crazy, then you’re calling a bunch of us crazy.

Like you I was worried a lot about having extra points and possibly wasting them. I didn’t think I needed a lot of points since I was envisioning mainly solo trips maybe once a year, etc. My first contract was 120 and I thought it was insane to drop so much money on a timeshare. Now coming up on 2 years later, I just did my paperwork on my 7th contract and with plans to add on VDH in a few months I’ll be over 500 points. Now that’s crazy! But I mainly bought small contracts and budget each time so I didn’t have to finance. Sure I probably spent way more money on closing costs but I felt more in control being able to see how I am utilizing the points and navigating point charts. If you know how your family vacation and will continue to vacation then you can gauge how many points you’ll need. If MF scares you then calculate your budget for that and see what you’re willing to pay annually. I can say pretty much everyone can always use more points, but everyone also has different budgets for their vacations. Don’t put yourself in a hole for DVC because there will always be an opportunity to buy later.

 

[fumanchu2488]

I already have a 100 point contract, so this new contract would put me in the 300-350 range. Which I hear is a good number of points to have regardless. But still worried it's just too much.

How many points do you need for your upcoming trip? Have you considered a few smaller direct purchases?

If you have 100 you could buy a 50 or 60 point contract at RIV right now and get 2021 points banked into 2022 so you would have 100-120 for this year (I have a DEC UY so that is what I am going with). Then in a few years after your next trip you could always add more smaller contracts as you figure more out with DVC.

 

[Sandisw]

How many points do you need for your upcoming trip? Have you considered a few smaller direct purchases?

If you have 100 you could buy a 50 or 60 point contract at RIV right now and get 2021 points banked into 2022 so you would have 100-120 for this year (I have a DEC UY so that is what I am going with). Then in a few years after your next trip you could always add more smaller contracts as you figure more out with DVC.

Just to clarify, the 2021 points apply only to Oct and Dec UY since those are the only two left still in their 2021 UY.

 

[sethschroeder]

I want to put something in context.

If you bought 100 points at the cheapest MFs resort it's $700

If you bought 300 at most expensive resort it's $2640.

So we are talking about $2000/year at most. If thats simply "eh more than I want to spend" then I might hold off or look to rent out points.

If that's "I don't think I could financially swing it" then I might rethink adding on DVC at all. Disney trips are only going to get more expensive rapidly and we are approaching soon where a 10 day ticket with hopper is $1000.

 

[Disney World Dad]

If you are ok with renting out the extra points, then I would suggest to purchase it and do that until you need them. You'll be net positive on dues vs rental earnings and if you ever need to sell the contract, you'll most likely sell it for what you bought it for if not more, making the entire transaction life a net positive.

 

[thegash35]

Yes

 

[bakerworld]

Initially the points will disappear fast and addonitis becomes a real problem but eventually.... Stay true to your budget. Right now there are so many contracts for sale, which is an answer in itself to your question.

 

[macman123]

I wanted 500 points.

2 years ago I had 0

I now have 3,700 points ……

 

[macman123]

I believe that might be @macman123

You remembered

 

[crisi]

I already have a 100 point contract, so this new contract would put me in the 300-350 range. Which I hear is a good number of points to have regardless. But still worried it's just too much.

There isn't really a right number of points that's good. We have 150 - its too much. We only do DVC trips every other year, our kids are adults who do their own thing and we aren't likely to get grandkids.

The way I like to ask the question is what would I do with the resources I'm spending on these points and would I rather do that. Resources are, of course, money - what would you do with the money you saved on a smaller contract? What would you do with the money you saved on dues? But there are other resources, like time. Vacation time for most people is precious - and if you have a lot of it and want to spend all of it using DVC points, a lot of points makes sense. But maybe you want to go other places. You can use those points for guests - which is really great, inviting friends has been a wonderful experience, but that also isn't without issues.

 

[NVDISFamily]

I wanted 500 points.

2 years ago I had 0

I now have 3,700 points ……

And I thought we were nuts. You are my (DVC) hero We went from 0 to just under 1300 in a few months. But I think we may pause there for a bit. Do need more CCV points so that is likely the next buy in unless VDH point chart is amazing......

 

[macman123]

And I thought we were nuts. You are my (DVC) hero We went from 0 to just under 1300 in a few months. But I think we may pause there for a bit. Do need more CCV points so that is likely the next buy in unless VDH point chart is amazing......

Thanks It is an addiction.......

 

[arich35]

I wanted 500 points.

2 years ago I had 0

I now have 3,700 points ……

How do you use that many points a year? Damn

 

[macman123]

Its easy. I have a 10 day 2BR villa split stay coming up.

I rent some to cover dues. It also allows me to get accommodation for friends who love Disney that otherwise may not be able to afford to come and stay on property.

 

[wkndr4Disney1]

I purchased DVC sight unseen (never stepped into a DVC resort before purchasing, I purchased on a DCL voyage). I'd say do it. I already found value in my purchase for a family reunion-type trip to Aulani I purchased 5 studios with my points that if I did a cash rate would amount to $24,005 (I ran out of points and currently looking to rent to get the 6th room). I know that is a very niche example, but trust me you'll find 300 points can go quickly depending on the room and week you're traveling or, if you use a good strategy can get you 20+ days for the year
example:
5 nights at the Hilton Head resort will cost 30 points (Sunday-Thursday night; check out Friday)
5 nights at Vero beach resort will cost 50 points (Sunday-Thursday night; check out Friday)

I would check out the points charts for the resorts you can find them here and spend an hour and do a little planning and see if it makes sense to purchase 300 points. Like the others stated you could always rent out to pay the MF or put towards the loan if you get one.

 

[Artemis Fowl]

'We went down the DVC resale rabbit hole while planning a trip to WDW with family for late next year. I was trying to figure out a back-up for ROFR, and I'm eyeing an international seller contract. The problem is that it's 2x the points I really wanted for just 'getting our toes wet'. For me, though, I'd rather get a better deal on more points with an international seller than have to overpay on a smaller contract to try to avoid ROFR. We could probably swing it with some short-term financing. I'm just worried that I won't find a way to use the extra points. Though, I think we would try Aulani, Vero, and Hilton Head at some point. And we probably could do bigger groups / grand villas with the extra points. But I'm still concerned about the maintenance costs. I'd be over 300 points total, and I've literally never even stepped foot at a DVC resort. Am I crazy? I feel like I must be crazy to even be thinking about spending this much money.

If you can afford it, like I could, don't be afraid of buying too many points. You can always rent them out at nearly triple what your maintenance costs are.

 

[crisi]

If you can afford it, like I could, don't be afraid of buying too many points. You can always rent them out at nearly triple what your maintenance costs are.

You'd be better off investing that money. You can rent them out for triple your maintenance costs, but by the time you add your cost of investment, pay taxes on the income from rental, factor in your time, and account for the cost of it being a long term asset that its will take several months to turn into cash if you need to, its really hard to make the numbers work against other ways to invest your money.