I attended the BLT preview yesterday (7/11) mostly because I wanted a first look at the new tower. I knew it was a sales presentation, but because of my 'situation', I didn't think I would receive any offers I would consider.
I was offered 160pts @ BLT for $101/pt. I was also offered 100pts at AKV for $99/pt with points starting 12/08. My parents (who live in DE), bought into BLT last Apr and have their first stay in Nov. I was present with my Dad when the sales presentation was made to him so, I had a small understanding of DVC and what I have read on the boards over the years.
My problem is I have looked at DVC since it first opened many years ago. I have always loved DW. It's where we vacationed when I was a child. When I was in the military, I used to drive here from TX for my vacation. But, I now live here. Literally...I'm 20 min off the property line. I've had an AP for years and it seems most of the 'perks' included are the same I'm given as an AP holder (as far as % off on restaurants, boat rentals, etc).
I stay on property once a year (for one night) as a little getaway gift for myself. I opted for a mod this yr because I just couldn't justify the much higher cost of the WL. I will not stay in a value resort (couldn't give it to me for free). I like the deluxes. I would stay a few more times a year, but it's too overpriced for me when I can drive 20 min and be home. Hard to justify the cost to myself.
However, 100pts at AKLV would enable me to stay 4 or 5x a year (1 nt ea). I would take advantage of this. Rounding, I'm looking at $120/mo for 10yrs + $40.46/mo for dues (which I was told averaged raising 3% ea yr). I would have no problem paying that with my current job. Things being the way they are, there is little job security for any one. While I could still be at my job
5yrs from now, I could also be gone 5 months from now.
I've been reading about the resales. It seems like the downside is one would have to take a loan/HELOC to make a purchase and, more than likely, you wouldn't have 10yrs to pay it off. While Disney's rate (10.75) is high, I could pay down more when things are going well (now), or go back to the standard pay off if things weren't. The agent said if 'problems' occur (job lay off), Disney does every thing they can to work with the person (any experiences with this??).
I really don't know what to do. I'm very torn. There's the part of me that likes this; that wants this. If I ever leave this area, I would definitely come back to DW to vacation. Ever since AKL opened, I have wanted to stay in a savannah room because I love animals and would be quite content to sit on the balcony most of the day and hang out at the pool the rest of the time. I would be able to do that once every 2 months, or so. But, the sane part of me says this is a luxury I don't need. While it's nice to have a mini-getaway, I live here and it's foolish to waste money on that when the economy is the way it is. There is no husband to help out if I lose my job. There are no children to vacation with. It's all for me, to be paid by me.
I haven't seen any one else with this type of problem (maybe I didn't look hard enough?) so, I'd really appreciate some outside, non-emotional insight. The agent told me I still have time to back out as nothing has been signed. My 'gut' doesn't tell me buying is a wrong decision, just not a practical one.
I was offered 160pts @ BLT for $101/pt. I was also offered 100pts at AKV for $99/pt with points starting 12/08. My parents (who live in DE), bought into BLT last Apr and have their first stay in Nov. I was present with my Dad when the sales presentation was made to him so, I had a small understanding of DVC and what I have read on the boards over the years.
My problem is I have looked at DVC since it first opened many years ago. I have always loved DW. It's where we vacationed when I was a child. When I was in the military, I used to drive here from TX for my vacation. But, I now live here. Literally...I'm 20 min off the property line. I've had an AP for years and it seems most of the 'perks' included are the same I'm given as an AP holder (as far as % off on restaurants, boat rentals, etc).
I stay on property once a year (for one night) as a little getaway gift for myself. I opted for a mod this yr because I just couldn't justify the much higher cost of the WL. I will not stay in a value resort (couldn't give it to me for free). I like the deluxes. I would stay a few more times a year, but it's too overpriced for me when I can drive 20 min and be home. Hard to justify the cost to myself.
However, 100pts at AKLV would enable me to stay 4 or 5x a year (1 nt ea). I would take advantage of this. Rounding, I'm looking at $120/mo for 10yrs + $40.46/mo for dues (which I was told averaged raising 3% ea yr). I would have no problem paying that with my current job. Things being the way they are, there is little job security for any one. While I could still be at my job
5yrs from now, I could also be gone 5 months from now.
I've been reading about the resales. It seems like the downside is one would have to take a loan/HELOC to make a purchase and, more than likely, you wouldn't have 10yrs to pay it off. While Disney's rate (10.75) is high, I could pay down more when things are going well (now), or go back to the standard pay off if things weren't. The agent said if 'problems' occur (job lay off), Disney does every thing they can to work with the person (any experiences with this??).
I really don't know what to do. I'm very torn. There's the part of me that likes this; that wants this. If I ever leave this area, I would definitely come back to DW to vacation. Ever since AKL opened, I have wanted to stay in a savannah room because I love animals and would be quite content to sit on the balcony most of the day and hang out at the pool the rest of the time. I would be able to do that once every 2 months, or so. But, the sane part of me says this is a luxury I don't need. While it's nice to have a mini-getaway, I live here and it's foolish to waste money on that when the economy is the way it is. There is no husband to help out if I lose my job. There are no children to vacation with. It's all for me, to be paid by me.
I haven't seen any one else with this type of problem (maybe I didn't look hard enough?) so, I'd really appreciate some outside, non-emotional insight. The agent told me I still have time to back out as nothing has been signed. My 'gut' doesn't tell me buying is a wrong decision, just not a practical one.
