I've been contemplating buying a re-sale. I will be 60 years old this year and my hubby is 57. We do not have children. We do a week vacation at DW every other year, but would come every year if we could afford to stay on property. I might add that we are eligible to stay at the military Shades of Green, but we would really like having a kitchen (saves on eating out). I could see us getting about 10 or 15 years out of owning. What would you do?
The answer is it depends. Age alone shouldn't be a negative factor but health and visit plans would be. Disney is a very expensive trip even with cheap accommodations but you're going anyway EOY. I think most find the kitchen really doesn't saves them that much but there are exceptions and you might have enough track record to know. I'd also suggest you look at non Disney timeshares that are top notch and close by, especially Hilton, Marriott, Bluegreen and Wyndham. If you do non Disney trips also, one of those might be better. Of course you could rent privately and receive most of the savings and benefit of owning with slightly more risk for a given trip but far less long term risk.I've been contemplating buying a re-sale. I will be 60 years old this year and my hubby is 57. We do not have children. We do a week vacation at DW every other year, but would come every year if we could afford to stay on property. I might add that we are eligible to stay at the military Shades of Green, but we would really like having a kitchen (saves on eating out). I could see us getting about 10 or 15 years out of owning. What would you do?
I've been contemplating buying a re-sale. I will be 60 years old this year and my hubby is 57. We do not have children. We do a week vacation at DW every other year, but would come every year if we could afford to stay on property. I might add that we are eligible to stay at the military Shades of Green, but we would really like having a kitchen (saves on eating out). I could see us getting about 10 or 15 years out of owning. What would you do?
Bill
Planning to sell at that point is likely a big risk. IF one must be able to sell in 10-15 yrs, it likely isn't worth it in the OP's situation, esp if one is counting on selling for a "reasonable price" at that time as part of the cost effectiveness calculations. Other considerations would include heirs including the situations, interest and abilities.
One of the issues that I see as absolute is that owning DVC has to make financial sense, thinking the numbers don't work but buying anyway is unreasonable IMO. There are other ways to take advance of DVC without committing to owning.
Because it's 10-15 years from now, a timeshare, and many of the resorts will be at or under 15 years remaining by that timeframe. IMO non one should buy expecting to be able to sell, it just doesn't make sense to make such a large commitment for relatively low return with those long term obligations and uncertainties.
That's an assumption that I'm not willing to accept personally and one that I see just as unlikely to be true as it is likely. It's entirely possible that dues will go up or the economy will change or even Disney will change to the degree that one may not be able to give them away at some point and as early as 10-15 years. The idea that a 2042 resort will be worth half (adjusted for inflation) what it is today in 14 years is something I would be willing to bet is not going to be the case. I see that line of thinking as dramatically optimistic and it takes me back to one of my observations about people buying. In almost all cases it seems people take the best case scenario or close to it, to make their long term decisions where DVC is concerned (likely most areas of life). There are simply way to many variables and risks both on the personal side and on the timeshare side to buy DVC to save a little or just to "be part of the club".
But it's not a median estimate, it is best case scenario or close to it, everything else is on the negative side, it really can't work out much or any better long term. It very well may work out OK but there are a lot of areas of risk that could affect these assumptions and they are all to the negative. There really is very little that can happen that would make things work out better than this assumption hence the best case scenario. Many timeshares went from a modest value to you can't give them away or have to pay to do so a few years ago, to think that couldn't happen to DVC is being unrealistic. At the end of the day you're pinning your hopes on Disney, the local economy for Orlando and the national economy; any one of which could get you.
