This is a long-debated topic on the DisBoards. Many people would rather rent out their points and cruise on cash. Cash does give a lot more flexability. However, my DH and I bought into the
DVC for the main reason that we want to cruise on points. We like calling up, paying our $75 booking fee and we're done! Period...
When I first booked the 11 day in September that we're going on it was $3993 for the 2 or us in a cat 11. Now the price is $3200. It cost us 448 points to book this cruise plus the $75 booking fee. Now if we'd sold those points for $10 per, we would have had $4480 which would have given us $1280 cash extra.
HOWEVER, there is a certain amount of risk in renting points. You have to trust them and they have to trust you. It is a hassle that we do not want to go thru. We bought the points to cruise and cruise we shall.
As I said, it's so nice to call and in just a few minutes, I'm done with the whole reservation. We did buy the insurance and it was very reasonable. Only $121.03 to cover 448 cruise points and 22 BWV points the night before the cruise. If our trip is cancelled for a covered reason, we'll get $5 per point. On that, we can book another cruise.
To each his own, that's why I live in America!
Good luck with whatever you decide!