Vero Beach

[jasonv1]

I'm looking at a small VB contract at well to give me an alternative home resort and some extra points.

I put together a spreadsheet that shows the lifetime cost per point based on what I bought in at various resorts. I've come up with a maximum I'll pay for VB points, which will put me near the same lifetime cost for other (resort) 2042 contracts. I have no problem buying there assuming the up front cost is within my limits. My price may be too low, meaning it won't pass ROFR, but this wouldn't be my primary resort so I can live with losing the deal and trying again.

I don't worry about potential hurricanes, as the odds of them striking there are rare in the scheme of things. That is why the resort has insurance.

 

[kenspidey]

We are Gulf Coast fans, wide expansive beaches, white sand, warm water. Went to VB several years ago and did not like the beach. And it has been washed out a few times since we went. We now own a Gulf Coast timeshare because we wanted to go to the beach and VB just didn't cut it for us.

I love both types of beaches for different reasons. I love the sound of crashing waves while i sunbath but also can enjoy the Gulf side too. I love Vero.

 

[kenspidey]

I'm looking at a small VB contract at well to give me an alternative home resort and some extra points. I put together a spreadsheet that shows the lifetime cost per point based on what I bought in at various resorts. I've come up with a maximum I'll pay for VB points, which will put me near the same lifetime cost for other (resort) 2042 contracts. I have no problem buying there assuming the up front cost is within my limits. My price may be too low, meaning it won't pass ROFR, but this wouldn't be my primary resort so I can live with losing the deal and trying again. I don't worry about potential hurricanes, as the odds of them striking there are rare in the scheme of things. That is why the resort has insurance.

Are you factoring in interest on the difference in purchase price? If you do the "real" difference is really not much at today's prices considering Vero can be had for half the cost of SSR.

 

[jasonv1]

My assumption is that I wouldn't have the "extra leftover" money to invest if I bought VB, so I just go on net cost difference.

Plus, with VB maint costs rising a few (1-3) percentage points higher than other resorts, that really wipes out any interest earnings you might get (assuming simple low risk investments) were you to have "extra" money leftover by buying VB rather than other resorts.

Are you factoring in interest on the difference in purchase price? If you do the "real" difference is really not much at today's prices considering Vero can be had for half the cost of SSR.

 

[kenspidey]

My assumption is that I wouldn't have the "extra leftover" money to invest if I bought VB, so I just go on net cost difference. Plus, with VB maint costs rising a few (1-3) percentage points higher than other resorts, that really wipes out any interest earnings you might get (assuming simple low risk investments) were you to have "extra" money leftover by buying VB rather than other resorts.

Of course if you had to borrow to buy SSR and could pay cash for Vero the difference in the purchase price could make a big difference in the net cost equation.