I've got a devil/angel on the shoulders dilemma...

[Karenj2]

I'm becoming more and more addicted to the idea of buying into DVC (as you can tell by my increasing number of posts over here). I've almost got DH on my side as well, but we don't currently have the cash to buy in, and neither of us want to finance... So we're looking at a year or two of saving.

The thing is, DH's brother loaned us money last December when we were planning on moving, and needed to put down money towards our lot. He told us not to worry about paying him back, but we were going to pay him back once we sold our house. Long story short - we decided not to move, and are going to get the money back in the next week or two from the builder. (Did I mention that the amount loaned to us is the perfect amount to buy in???)

So, the little devil on one shoulder is saying - ask your BIL if we can use the money for DVC and then pay him back on a monthly basis (basically a no-interest loan).

The angel on the other shoulder is saying - BIL deserves his money back. Save up for it like a good girl.

I think the angel is going to win...

 

[dvcdisney]

I think you'd feel a lot better if you returned his money and saved up for your membership yourself. He did lend you that money for a house and that is no longer the case.

However, you can hint to him that you are saving money for a dvc membership. Who knows, he may offer to lend you some money in exchange for a couple vacations with you. (That's only if you get along well enough that you would want to share your vacations with them - this is definitely very important!)

Because if it was me, I would save the money myself so that they wouldn't expect to get free accomodations all the time. That's just me, I find vacationing with extended family very taxing.

Good luck!

 

[WaltEeyoreWorld]

Morality and DVC I'm not sure go hand in hand. If he gave you an interest free loan on the house, sounds like he does not need the money. Spend it on DVC and while you are sitting back on your deck after a great day in the park, open a cold beverage and toast to the amazing generosity your BIL has show you even though you did not even invite him on a single trip....

It is only money after all. How much could he possible miss it?

On second thought, maybe a family destination like Disney should have us stop and reflect on the fact that we are suppose to do right in this world, be a roll model to all of these happy children, and basically earn the privileges that we enjoy. It may not always be fun but hopefully we will be rewarded in the end...

 

[Inkmahm]

I'm usually the family member who does the lending to others. This is just me, but I'd be upset if I offered to loan money towards a lot/house and instead my brother or sister asked me if they could use it to buy DVC instead.

 

[Grandbuddy]

The devil doesn't care about you.

 

[Karenj2]

However, you can hint to him that you are saving money for a dvc membership. Who knows, he may offer to lend you some money in exchange for a couple vacations with you. (That's only if you get along well enough that you would want to share your vacations with them - this is definitely very important!)

Well, we plan on crashing at HIS timeshare in Hawaii (at least until Disney's Hawaii DVC opens...) Hey - he made the mistake of telling his immediate family AND his 13 Aunts and Uncles (and all their kids) about it at a family picnic. I wonder what the fire occupancy rules are there?

Honestly, I can see him being fine with it - he loves his brother (my DH). The only thing I'd be afraid of is if their sister found out about the loan. I think our own pride/ethics are going to have us return the money to him and save up on our own.

 

[minnie2]

I would return the money period! Then Start asking him about his timeshare etc and then tell him you are thinking about DVC and say once you save the money which is x amount you are going to buy it. If he offers it that is different then just using it for a DVC. A home you live in is very different then a vacation home.

 

[minnie2]

I would return the money period! Then Start asking him about his timeshare etc and then tell him you are thinking about DVC and say once you save the money which is x amount you are going to buy it. If he offers it that is different then just using it for a DVC. A home you live in is very different then a vacation home.

 

[ldo]

Thank him for his generous offer and return the $ to him. I would not ask about DVC or hint. There might be another time in your life when you NEED to go to him for $---but, IMHO, DVC is not it. Save and buy DVC when you can--or buy a smaller contract.

 

[Jaaron2]

I'm usually the family member who does the lending to others. This is just me, but I'd be upset if I offered to loan money towards a lot/house and instead my brother or sister asked me if they could use it to buy DVC instead.

Same boat and I agree.

 

[Modog814]

Return the money and don't ask about DVC. DVC is a luxury and I personally don't think you need to be asking family to purchase a luxury. To me, this wouldn't be any different than asking him for a interest free loan to buy a BMW or Lexus.

 

[dvcdisney]

I think our own pride/ethics are going to have us return the money to him and save up on our own.

The angel always wins in the end!

 

[glennbo123]

I agree with most of the others here...you need to return the money. Family loans can cause people to secretly seethe while outwardly they say, "no problem" in order to keep family harmony.

Just as we bought in to DVC my junior-high age DD got offered a prestigious, but expensive leadership seminar. They recommended asking family for tuition assistance. I thought how can I ask for assistance with that, and then in the next breath tell them we bought a timeshare?! So, we're suckin' it up.

 

[Disney_Villain]

Here's a bit of both the Angel & the Devil . . .

How about 1) return the loan, then after that 2) asking for another loan for DVC?

If it were ME loaning you the first loan - and you repaid it timely without problems - I wouldn't be offended if you asked for future loans.

 

[DoOverDreams]

I'm on the side of angels here. Return the money BUT do tell him all about DVC. If he has disposable income he might be interested in buying himself. Then you might be able to borrow points for a vacation until you get to buy yourselves....

 

[ransom]

If I'd borrowed money from someone for one purpose and no longer needed it for that purpose, I would give it back to them.

 

[Luv2trav]

Return the money. I would never borrow money from family to purchase a timeshare or preplanned vacation. Too many bad things can happen in that situation.

 

[bom_noite]

I'm becoming more and more addicted to the idea of buying into DVC (as you can tell by my increasing number of posts over here). I've almost got DH on my side as well, but we don't currently have the cash to buy in, and neither of us want to finance... So we're looking at a year or two of saving.

DO IT! Take half the money and invest in DVC. Take the other half and play the lottery so you have seed money for BLT. Disconnect the phone!

Sincerely,

The DVC Devil.

 

[snowwhitemom]

The devil doesn't care about you.

Enough said......and well said!!!

 

[Karenj2]

DO IT! Take half the money and invest in DVC. Take the other half and play the lottery so you have seed money for BLT. Disconnect the phone!

Sincerely,

The DVC Devil.

Had I been drinking something, I would have spit it on my laptop!!! You're EEEEEEEvil!

I'm going to do the right thing, and ignore that devil on my shoulder... That's pretty much always been the plan. I just needed to "vent" to folks that understand my addiction...

Luckily, with DH's new salary, DVC might be a doable expense in a year or two...