All of the above. Also, VGF can be sneaky. We just closed (like 5 months ago) on a VGF contract that we carefully considered the whole "buy a few extra points as a cushion" and are in ROFR on another 100 points. And while we have stayed at VGF before, we haven't yet stayed on our own points!
As Dean says, paying a premium price per point for VGF to stay at other resorts seems like a poor use of $ - we certainly plan to use our VGF points to stay mainly, if not exclusively, at VGF. But we've also had a lot of trips to WDW over the years, and know that that's our favorite resort after having stayed at the majority of the deluxe resorts. And we have a "cheaper" BLT contract that we will use for BLT and "sleeping around." As @Dean says, you may want to consider 2 home resorts, like VGF and either AKL, BLT or SSR. You could use them in alternate years, or use them for split stays - VGF + ____. We have 2 little kids, too, and 2/3 of our recent stays have been split stays (3-4 nights at each resort). It's not too bad to move between resorts, and this way you won't feel pressured to only use your points at VGF since you paid top dollar for them.
Thanks for this! We might try a split stay for our 2019 trip as we have yet to stay at AKL or BRV/CCV and would like to see those.
We know we would be happy at VGF and I agree that using those points anywhere else is silly. Its possible that in 10+ (likely closer 15 years) we might like to have enough points for a grand villa but I can't see buying that amount of points now when we will only be going to a 2-BDR over the next 10 years.
I had originally dismissed VGF due to cost and needing more points in general. However when I did a PPP calculation and considered MF and end date, I see how the value is high over the long term. I can easily seeing us keeping the contract until the expiration.