Question for people in their 30's(and others)...

[browniemtb]

Which way has any of you bought in? Through Disney or through a time share seller? Has anybody have an opinion on this?? Is there advantages to doing everything through Disney?

 

[TAKitty]

My dad says "you'll never get the money out of that house." And I reply "it doesn't make any difference as long as we are there long enough to get the enjoyment out of it - I can afford it."

This is so well put. I am going to use this on my husband as to why we should purchase a DVC contract. He likes to buy things that will increase in value or something that we can get our money out of later. I believe in enjoying the moment and that the memories and joy is the payout. He is coming around.

 

[Dale-n-Chip]

This is so well put. I am going to use this on my husband as to why we should purchase a DVC contract. He likes to buy things that will increase in value or something that we can get our money out of later. I believe in enjoying the moment and that the memories and joy is the payout. He is coming around.

TAKitty, my DH had the same issues. If it's something that you spend that much money on and expect to have for years, it's an "investment." And if it's an "investment" it should pay off in MONEY. It was quite the interesting argument to convince him that this "investment" was going to pay off in MEMORIES instead of MONEY.

We also determined that if we bought in, used it for a few years, and then either decided it wasn't right for us or we needed that capital, we could always re-sell it and get most--if not all--of our money back out. Maybe we wouldn't gain any money, but we wouldn't be losing much, either. Wish I could say the same about my stock choices! That said, we used money in the bank, not money we didn't have yet. We didn't think financing was a smart financial move for us. Of course, YMMV.

That's our story: 200 SSR, June use-year, bought on current $83.30 promo in Nov '05.

Happy planning!

 

[crisi]

TAKitty, my DH had the same issues. If it's something that you spend that much money on and expect to have for years, it's an "investment." And if it's an "investment" it should pay off in MONEY. It was quite the interesting argument to convince him that this "investment" was going to pay off in MEMORIES instead of MONEY.

Yep. Its a little like buying a new car. Is buying a brand new decked out BMW with leather seats financially smart? No. Buying a two year old car is much wiser, and buying a Honda is a much better move for your pocketbook. But if you WANT a new BMW with leather seats AND you can afford it, then you have to decide whether your enjoyment is worth the difference.

Frankly, we got lucky with DVC in that we like our home resort. When we bought, Disney was selling BCVs. VWL was too new - resales were difficult to come by and expensive. We knew we didn't want BCVs (actually more because the sales guy took two weeks to return our calls), we wanted VWL, but weren't willing to pay the premium, and had to decide between OKW or BWV (I didn't want offsite - that much I knew). The OKW contract we bid on was pulled - I still think OKW is a great value and appeals to the frugal person in me, and we ended up with BWV because a contract that met our requirements was available - bought sight unseen having never even been back to the Epcot resort area (unbelievable now, when I now know it so well). And are happy. But I think I'd be happy at any DVC resort, except SSR. And, as I've said, I'd rather spend 35 years owning what I like than 48 years owning what I don't like.