Studio vs 1bdrm - floor plans?

[cobbler]

But in your case, it looks like you've historically stayed at the Value or Moderate resorts.

Yep so far we have but that all ends this year. We move onto the deluxes starting in 06 as we have stayed at all the values and moderates. I would like to stay at all hotels on property, weird quirk I have.

Here's your reality check: If you're comparing the cost of a DVC stay to a Moderate resort, you'll probably find that it takes you several decades to break-even, with most of the dollars being paid on the front end (initial purchase.) If you try to compare with a Value resort, you'll never save money.

I did compare the investment to current prices for a studio and 1bdrm, and figured it against the 15 nights a year I could do with the DVC. By doing that it seems like it is definatly worth the $$ to put into it.

But don't forget to consider that you aren't currently making 3 trips per year. Increasing your frequency means greater transportation, ticket, food and souvenir costs.

Ahh yes, I do know that will take some extra $$ but then again if I can't make the three 5 night trips I just may go for a longer one week trip. I have annual passes so the tickets aren't that big of a deal. We are going 3 times in a 365 day period this year. But yes meals do get expensive and all that. Thanks for the reminder

The good news is that interest on the note is usually tax-deductable as a second home mortgage deduction. The bad news is that you'll pay about $7000 in interest over the lifetime.

Ugh thats right, its an APR That changes things a bit then. I don't know if I want to fork over that much additional in interest. I don't understand the whole tax deductable interest thing as we don't have to worry about that. So is the entire amount you pay tax deductable??

I told myself that getting into DVC would be a reward for getting out of my credit card debt and with some hard work it could be done by the end of this year or early next year. I figured having the possibliltiy of getting DVC would give me huge incentive for paying off that debt.

Thanks for everyones help!

 

[Happy Birthday Cat]

I don't understand the whole tax deductable interest thing as we don't have to worry about that. So is the entire amount you pay tax deductable??

No it isn't. Some people can deduct the mortgage interst and the portion that goes toward property taxes. For those who already have a second home (with much better deductions) or for those who don't itemize deductions, then it isn't deductable.

HBC

 

[BillM]

Here is a link on Deb Wills site that has a slide show of all accomodations at WDW.

www.allears.net.com/acc/gallery.htm