Haha. I have a friend that couldn't remember when we were going on our week-long family trip this last January, so she always jokes that I am living there all the time. I wish those points would go farther, but sadly I still won't have close to enough for a solid week at VGF in peak season. Insane fact, I know. It'll be enough for us though, and we can take off one day and just go for 6 nights. Also, I don't know that I can mentally handle the crowds during the super busy times anymore. Also, maybe we will be able to stay in a grand villa for like one night with that amount of points [sarcasm].
Thanks for the well wishes. Happy to answer your question as I am sure people think we are crazy and being impulsive.
Quite the contrary, as we have thought this thing out a lot. We want stay in 2-bedroom villas a VGF for a week once a year especially while the kids are still young. That costs 340 points in a standard 2-bedroom in low season and 632 points in high season at VGF. Yes, we could stay in a smaller unit, but that is not our preference. Our 200 VGF points were being chewed through very quickly. We wanted to add more points, but we thought it made more sense to split between the two resorts because BLT is cheaper but is also an MK resort. Also we follow the whole "don't put all your eggs in one basket" theory. Since we are in our mid-thirties, adding on at an Epcot resort, while they are really nice, doesn't make sense for us because of the shorter contract term. We now have enough to go during low season for a week, but my oldest is starting kindergarten in the fall, so traveling during non-school holidays will be a thing of the past very quickly. We will have to line up our vacations more with the school calendar now. Also, should there be years when we cannot go to Disney, we can easily rent out our points to either of those two resorts. Some command higher rental values than others, so we wanted to stick with 2 that would allow rentals relatively easily at a higher price point. If we use a broker instead of doing it ourselves, it should be a snap. If I rent them out myself, it will be more work, but it is doable and more money. Renting out our points isn't really the goal (and I don't even know that we would do it at all instead of using the points), but it is certainly a factor that many of us take into consideration when deciding to buy
DVC because it limits the downside when you purchase should you have some years when you cannot go to Disney. A lot of people rent out their points to pay for the cruises because those are so darn expensive. I'm guessing that is why Disney hasn't shut down the rental market because that would make purchasing DVC much less attractive to potential buyers. Also, the resale market is very active for both of those resorts should we ever find ourselves needing to scale down in ownership because we don't go as often or we just want to cut expenses. With my background, I always have an emergency exit plan for worst case scenario! I can't help it. :\
Too bad Disney agrees with you about my deals and takes them. Hahaha. You did pretty well yourself on your deal! Regarding the appropriate price per point, in theory, it should go down every year because you have a lease on an asset with a fixed end date. Therefore, it should be worth just a little bit less every year because the total number of points (200pts x 50 years = 10,000 at the start of the contract) you own lessens every year by 200 points in this example. However, Disney masterfully keeps demand high and helps set the floor with their buybacks. If they didn't buy anything back, then these contracts could go to $0, in theory like so many other brands do. As a current owner, this is fantastic for my purchase maintaining its value. As a potential buyer, it is frustrating because I am going to receive less than the full 50 years unless I buy a new resort directly from Disney right when it is offered. Therefore, I should get it at a discount compared to the original price because it includes less points over the remaining life of the contract which isn't the full 50 years now.
