DECISION TIME! Why I'm prob going to pass on buying into DVC

[RobDoc]

Can anyone share the tax amount per point (and which dvc)? Or direct me to where this info. can be found for each dvc property? TIA!

I don't have the specific information in front of me, but memory suggests that the 2013 estimated property taxes are in the $0.50 - $0.80 per point range depending on the resort(s). I'm sure someone can offer some exact numbers for the property tax component of the annual fees.

 

[Dean]

I've said multiple times that buying a small contract would be worthwhile since you'd gain the small benefits of owning at a low cost point. I don't know why my making an offer on a 50 point contract would be a surprise...but I'm glad so many are interested and following my posts.

I think there is a small subset of people where buying a smaller contract makes sense. These generally fall into 3 groups which include those who live close and go for short trips, those who stay off property (maybe with other timeshares) and want a couple of days on property at times and those where the short term perk benefit is so overwhelming. The latter generally includes very small contracts where multiple family households are included in one to take advantage of the pass discounts. I also know people that stay off and get a night at a time in a studio and use the room as a respite during the day, for pool access and at times, for the DP. The situation that I generally don't think makes sense is to buy small now with the idea of adding on again soon but it does depend on the specific situation. I think it's generally best to save up and buy what you need at one time.

 

[bakerworld]

Personally think buying several smaller contracts at different venues allows for change - downsizing. I see MANY of these HUGE contracts for resale and wonder who has 50K or more plunk down on 500 or 700 pts. They do sell for peanuts on the pt because the market for them is so small. It would be much easier to unload several smaller contracts at a higher per pt cost then one huge one. Figure it's probably estates selling them - do the kids a favor and buy smaller contracts so they can settle the estate and move on.

 

[disfanforlife]

Wish we had asked to break up our original contract that we bought direct - 200 points. But, luckily it's not THAT huge should we ever wish to sell. Which is doubtful since we are in the process of doing the opposite - adding on!

 

[DisneyDiana]

I am curious that since David's is now charging $14 per point for rentals, will the private rental prices increase from the $11/$12 range? How does that affect the renting vs. owning comparisons?

 

[vicki_c]

I am curious that since David's is now charging $14 per point for rentals, will the private rental prices increase from the $11/$12 range? How does that affect the renting vs. owning comparisons?

I thought he has always charged $14 except for when he had a sale.

 

[DisneyDiana]

I thought he has always charged $14 except for when he had a sale.

I paid $13 when I rented from him awhile ago. Maybe it was a sale. I was just asking because I used the cost of renting vs. owning when making my decision whether or not to buy.

 

[Dean]

Personally think buying several smaller contracts at different venues allows for change - downsizing. I see MANY of these HUGE contracts for resale and wonder who has 50K or more plunk down on 500 or 700 pts. They do sell for peanuts on the pt because the market for them is so small. It would be much easier to unload several smaller contracts at a higher per pt cost then one huge one. Figure it's probably estates selling them - do the kids a favor and buy smaller contracts so they can settle the estate and move on.

Maybe but I think the question was simply buying in for a smaller contract as the only ownership. Owning multiple smaller contracts at different home resorts can work well, the issue is getting there. About the only way to do so for 50 points or less is to go retail or overpay resale. IMO the cost to get there is usually not worth it for the insurance and future options it avails. About the only time it makes sense is for the new resorts that you aren't going to be able to buy resale for any savings regardless like GF or if you can find a private seller or someone that owns multiple smaller contracts you can buy at one time. Once you get over around 50 points, the reasonableness tends to increase. Another situation it may work is if the bulk of one's points are lower priced but you want some points for an occasional high cost options like BLT or GF.

 

[RobDoc]

Since the OP of this thread has decided to purchase a DVC contract (http://www.disboards.com/showthread.php?t=3099019) this one has strayed from the original topic and is now drifting on the currents.

Rather than have a large thread with so many components, it would be best if those with purchase questions would ask them by starting a new thread.

Thanks.