It sounds like we're cruising with a bunch of DVC experts.
Listening to you all talk about it and now with the (slight) possibility of buying in California, it makes me what to look into "vacation ownership".
However, I keep running the numbers and it just doesn't work out for our family.
Let me go through what I'm thinking and the experts can tell me what I'm missing.
It sounds like the minimum cost is $15,000. Tack on at least an additional $10,000 for interest, cause God knows I don't have that kind of cash sitting around. So, that makes the total spent $25,000. Now, I figure at the very most I have 40 good years to travel left. So that works out to $625 per year.
[Deep breath] Now add to that annual maintenance fees of $700 (?) that gives me a total of $1325 per year. Divide that by the 7 nights per year I get to use the resort and it comes to $189.29 a night!! Now, I know that is a good deal to stay at the Grand Californian, but we normally don't stay there nor do we pay near that much for a motel at
Disneyland.
Are my figures close? What have I missed?