I've been having a similar debate, interested in what others think. This latest increase was pretty steep, especially for someone who bought last year and now is paying dues for the first time. We bought 220 points via resale, and the timing wasn't ideal. I started mulling the idea of purchase with the plan to do the bulk on resale with a small 25 direct add, and then they announced the 75 point minimum for perks. Doh! I wasn't far enough along to get anything through before the restrictions went in, so we just opted to do resale and bought a contract we thought we could use for EOY trips. Now, addonitis has hit because I'd rather have the option to go annually, but I just keep calculating the cost per night of my stay and it is still pretty steep (from someone who historically rented a townhome offsite). Our issue is while we are traveling with our kids, we don't have interest in a studio. I know this puts me in the minority, but my vacations are much more enjoyable when we have space and the kids don't have to share a bed. Down the road, our needs will change, but I just don't know what to make of it.
By my calculations, if you just consider MF as the rate (excluding your buy-in), a week in a 2BR Savannah view during Magic Season runs about $395/night. Yes, that is far less than rack rate and also renting points. But it is still a lot of money! I guess I need to reconcile my frugal nature with my love of Disney and figure out which one wins.