I agree with what you're saying about the economic value to a point, but one other consideration is in play with
DVC and that is where the ROFR floor is at. For every resort, even ones in active sales, at any given time, DVC has a limit where they'll ROFR. I don't know if anyone has ever hit that number with Aulani, but a number exists, I'm sure. I find it all interesting, especially to go back and look at ROFR threads from several years ago and compare them to now. I look at $105pp for Aulani and don't consider that lowball knowing someone else got through ROFR $70 pp not long ago when the average was in the $80-$95 range. IMO, no one should be paying more than $105 for Aulani bc it'll pass. Maybe a little more for subsidized.