New Winter 23-24 incentives are live

[AstroBlasters]

You can't assume it will stay at $185pp for 12 years. You also can't assume the nightly rate will not increase over those 12 years. That's the whole point of buying into DVC in the first place, financed or not.

At some level you have to control variables in order to make calculations. By ignoring inflation (keeping prices the same) I also did not increase the cost of maintenance fees, which is a huge driver of all in costs.

 

[AstroBlasters]

Yeah I don't think anyone would argue paying 18% for 12 years is a great plan. Money is not cheap like it has been the past decade or so. Changes the calculus quite a bit for sure

That was my only point, that at some measurable level the price per point and/or financing rates do matter.

0% financing for 6-9 months that’s rolled to a 0% interest credit card for 18m with a 5% transaction fee that gets paid off at 18m… no big deal…

9% that gets paid off in 6-18m… getting more expensive, but I get how someone would pull the trigger for their perfect contract based on someone’s personal financial situation….

15% to 18% financing for 12 years….. yikes!

 

[Chili327]

I agree with prioritizing vacations.

We lost a dear friend this past year - he went to sleep one night and didn't wake up the following day - he wasn't even 50. He, like many people, were planning or thinking of trips - he. never. got. to. take

And yes, we all justify the spending - just like our friends who eat out all the time, have NFL season tickets, etc. Experiences matter!

The value of this is immensely important, & almost invaluable.!!
Living life while here is almost THE most important thing... you just cant disregard everything else.

 

[MyDogTink]

The issue with booking rack rates is there may not be availability, especially for a sold out resort and especially during holiday periods. I thought about not adding on and doing cash bookings for some stays but then I noticed that there is limited or no availability for dates I’m looking to book at my desired location. With owning points, you are more in control.

I am considering not buying Poly2 and booking for cash. I assume this would work in the early years when it’s not sold out.

 

[BamaGuy44]

The value of this is immensely important, & almost invaluable.!!
Living life while here is almost THE most important thing... you just cant disregard everything else.

Yep like Mr. Miyagi said, it's all about balance.

Once basic needs and decent retirement savings are met, I believe money is for making life easier/better for me and my family. (Along with some giving, etc) For us a big part of that has always been travel. People always think we're way richer than we are when we talk about where and how we travel, and they think we're way poorer than we actually are when they see our relatively modest home and cars, clothes from Kohl's and Costco, etc.

We just prize experiences and memories over "stuff". Yeah you can make great memories on cheap trips, and we have. But hey, you gotta spend it on something, right? My son already knows not to expect much inheritance. I'd much rather spend it on him and my sweet granddaughter now while I'm around.

 

[AstroBlasters]

Yep like Mr. Miyagi said, it's all about balance.

Once basic needs and decent retirement savings are met, I believe money is for making life easier/better for me and my family. (Along with some giving, etc) For us a big part of that has always been travel. People always think we're way richer than we are when we talk about where and how we travel, and they think we're way poorer than we actually are when they see our relatively modest home and cars, clothes from Kohl's and Costco, etc.

We just prize experiences and memories over "stuff". Yeah you can make great memories on cheap trips, and we have. But hey, you gotta spend it on something, right? My son already knows not to expect much inheritance. I'd much rather spend it on him and my sweet granddaughter now while I'm around.

It is interesting how some cultures focus on building multi-generational “family wealth” and how others (Western) focus on “personal wealth/happiness” with discretionary income/assets.

I wonder if our American viewpoint is because we tend to live so spread out or because we feel “their is enough opportunity for everyone to earn their own way and we’d rather enjoy it than someone future heir squander it”.

I personally thought of DVC as a bit of a hybrid because it can be for me, but also in the future for kids/grandkids when my kids have kids.

Although, very different than accumulating rental properties…. vacations are needed for me personally to balance out my high stress job and to keep working in a high paying industry.

Disney vacations ensure a repeatable level of quality and fun for the whole family and so it also reduces the stress of vacations for me as long as I pony up for the G+, etc.

 

[Brian Noble]

I noticed that there is limited or no availability for dates I’m looking to book at my desired location

If you are booking that hotel seven months in advance (as you might have to do for many DVC locations) I'm guessing there is probably more availability.