They are sending over info today on their DVC. I think it's "stripped out" if I'm using the term correctly - I think they borrowed points ahead - but I'll know more when I get the info. Having borrowed ahead isn't a big deal to us - we already paid off our WDW trip for this year & promised DS7 & DS3 a quick trip to WWOHP / Legoland summer 2015 so if we can't use points for a year it's all gravy for us...I'm def thinking SSR sounds more appealing price wise - is there a specific thread or stickie outlining pros / cons of specific home resorts?
A couple of additional points. Stripped contracts are almost never a good value when you count the value of the lost points at near market value. Often when people are trying to sell a timeshare, what's a bargain to one is not necessarily a bargain to the other.
Lets look at a couple of variations of an example. We'll use Dec UY & 100 pts at BLT just to keep it simple. We'll also use $100 a point for the same reason. We'll compared a loaded contract to a completely stripped one. Loaded would be 200 points now with 100 coming in Dec, 2014 & in 2015. Stripped would not none for now, this Dec or next Dec, 15.
A round number OOP for the loaded contract and making appropriate assumptions on closing, fees, etc might be $10,900 ($10000 purchase, $500 closing, $400 fee reimbursement). With an additional $400 due in Jan this and next year.
A round number for the stripped contract should be close to $7900 plus the buyer would pay an additional $800 for points not received the next 2 Januaries totaling $8700 with no points until Dec, 2016. I arrived at that number by subtracting $5 per point for each of the points not available now and $10 pp for the points not available for Dec, 14 & Dec, 15.
These are the extremes of course but it gives you the idea of how to compare one contract to another. Realistically the difference in true value is usually more in the $10-20 pp range but the difference in price is never that much making a stripped contract essentially never a good deal side by side. Now there may be other factors such as perfect home resort, size, UY for something otherwise difficult to find.
