I have been considering DVC for some time and was dangerously close to making an offer on a resale contract last night (after multiple beers). However, I didn’t want to make a big financial commitment without being totally certain (and sober).
I consider myself a casual Disney fan; 38 years old with a wife and two kids (ages 3 and 1). I see a lot of Disney trips in my future, but probably just every-other-year or even every 3rd year. Even then DVC seems like it makes sense…
… until I ran the numbers on the spreadsheet. Assuming 3% inflation and room rates are always $500/nt (plus inflation) it just about breaks even after maintenance is factored in. It also assumes zero resale value which we know won’t be true (about 10 years would be left on the AKV/SSR contracts after my youngest are out of college).
This still feels like I would come out slightly ahead, staying in villas instead of studios, and give me the “peace of mind” knowing hotel prices are locked in for most of my adult life.
However, part of me is wondering if locking in now is during a historically expensive time.
My question is: why do you own DVC? Do you see it being financially savvy? Is it emotional (assurance, belonging to a group)?
I consider myself a casual Disney fan; 38 years old with a wife and two kids (ages 3 and 1). I see a lot of Disney trips in my future, but probably just every-other-year or even every 3rd year. Even then DVC seems like it makes sense…
… until I ran the numbers on the spreadsheet. Assuming 3% inflation and room rates are always $500/nt (plus inflation) it just about breaks even after maintenance is factored in. It also assumes zero resale value which we know won’t be true (about 10 years would be left on the AKV/SSR contracts after my youngest are out of college).
This still feels like I would come out slightly ahead, staying in villas instead of studios, and give me the “peace of mind” knowing hotel prices are locked in for most of my adult life.
However, part of me is wondering if locking in now is during a historically expensive time.
My question is: why do you own DVC? Do you see it being financially savvy? Is it emotional (assurance, belonging to a group)?