Would it be smart...

[Cinderella89]

To invest in DVC at 19 for future purposes?
Or would you say the prior to 21 is too young?

 

[fourfoxesinpa]

Fully fund an IRA instead.

 

[YellowMickeyPonchos]

Jamie is pretty much right about the IRA or another investment vehicle. Heck, you're even better off with getting stocks or hard real estate now - things will only go up from here.

I bought my DVC in 1993 at age 27. I was able to use it enough to make up the value of the purchase cost by the time I paid off my loan in 3 years (it was $13,500 for 190 points back then). You just can't do that nowadays.

Good luck with whatever you decide!

 

[simonkodousek]

I'm 14 now (almost 15) and I plan on buying into DVC as soon as I can, probably meaning somewhere in my mid to late twenties.

 

[timmac]

If you have the means, and buying into DVC is something you want to do, then I would say go for it. Under no circumstances would I call it an "investment", though.

 

[dpuck1998]

If you have the means, and buying into DVC is something you want to do, then I would say go for it. Under no circumstances would I call it an "investment", though.

I would say the same thing. If you have the money and can do so with cash go for it. If you consider it an "investment" then I think your better served with an investment that will provide you with future income and is more liquid.

 

[Cinderella89]

See, this is why I come to the boards.
I'm still young in the world of Disney, but I know my knowledge of Disney will be changing over the next five-ish months. And you guys....

 

[dpuck1998]

See, this is why I come to the boards.
I'm still young in the world of Disney, but I know my knowledge of Disney will be changing over the next five-ish months. And you guys....

Well, IMHO you did find the BEST board on the DIS!!

 

[exwdwcm]

It's definitely not an 'investment'.....

if you have college taken care of and the means to do so, then go for it! I wish I could have!!!

Dh is a finance guy, so anything that doesn't have a return- well, he isn't going for it. so, no DVC for me. At least I can get him to go with me every few years, that's asking alot for him (not a disney nut). Although I did take him to AKL on business (company paid the hotel) and now I think I have him on the deluxe train from now on~!!! and i am sure when he sees our son's face light up on his first trip, we will be going back more often!

 

[Cinderella89]

Well, IMHO you did find the BEST board on the DIS!!

Haha! I know! We're Pete's special child and everyone is envious. I love this board.

 

[simonkodousek]

Sorry for being nosey, but which DVC resort are you interested in?

 

[Cinderella89]

I don't even know. I was just curious as to whether or not it would be a wise decision at my age. lol

 

[simonkodousek]

I think if I had to choose a DVC resort at WDW, it would have to be either the Animal Kingdom Villas, Beach Club Villas, or Wilderness Lodge Villas, however, I would choose the rumored Grand Californian Villas if I lived in California, Nevada, etc.

 

[Decorated_Dust]

Wow. I'm 21 and I couldn't even imagine thinking about buying DVC right now. I mean, if you can, do it! I'm just going to have enough debt once I get my Master's.

I agree with everyone else in that it's definitely not an investment. My purpose for it would be to have a place to go on Disney property that would not go up in price every year.

 

[Castaway Kev]

My thought follows those above. There are better things to do with your money at this time.

I would add one point- it's definitely not worth doing when you are 19 if you have to finance the purchase. You would do much better to put your money in a secure investment for a few years, even if you only get 3%. That way, you would be earning interest on your money instead of paying it.

My grandpa used to say... "interest is the price that you pay for impatience".

 

[sanapunk]

I actually stopped and talked with a DVC consultant at the parks once...when I was 19! I was ready to go to the open house and everything! Then I realized I would probably never be able to afford a house until I'm in my 30s if I bought that first.

I'd rather just move to Florida to be close to Disney and get a resident discount on my AP.