Mickey of the Villages
Can't have nice things
- Joined
- May 6, 2019
I may have mentioned in another thread that my wife and I bought DVC as an inflation hedge. That is, I buy the points today and in 30 years it costs the same number of points for a studio, 1Br, etc. (more or less) as it does now. Then the MBAs show up with models and graphs and say "not really because the maintenance fees eat you up." I'm not buying it. I admit that I am pretty dumb but I just don't buy it.
Here's how I look at. Let's say I bought 300 points at CCV and I can use that annually for 7 nights in a 2Br. The cost to get a 2Br at CCV from Disney is (let's say) $1,500/nt. So I paid $56,400 for the CCV points (300 x $188) now and I get $10,500 in today's dollars of hotel rooms (7 x $1,500). Now, assuming you have (or can prudently borrow) $56,400 and that you go to WDW every year who cares about $2,250 in fees a year (300 x $7.50)?
Again, I'm pretty dumb but it appears to me I break even pretty quick on this and keep banking for years to come. Plus there is some possibility I can sell this thing in the future and break even on the purchase (again just a possibility).
One more thing I have to state. My wife and I don't want to go to Disney anymore and stay in a hotel room with our 2 boys. We want to go on vacation and for it to be at least as nice and comfortable as our house. We just don't "fit" anymore in the hotel rooms. Aside from the savings we bought DVC because we wanted the space and the comfort.
Anyway, I'd be happy to hear other's thoughts. Don't wanna argue with folks but would like it if folks could point out things I'm missing since I may buy more of these things.
Here's how I look at. Let's say I bought 300 points at CCV and I can use that annually for 7 nights in a 2Br. The cost to get a 2Br at CCV from Disney is (let's say) $1,500/nt. So I paid $56,400 for the CCV points (300 x $188) now and I get $10,500 in today's dollars of hotel rooms (7 x $1,500). Now, assuming you have (or can prudently borrow) $56,400 and that you go to WDW every year who cares about $2,250 in fees a year (300 x $7.50)?
Again, I'm pretty dumb but it appears to me I break even pretty quick on this and keep banking for years to come. Plus there is some possibility I can sell this thing in the future and break even on the purchase (again just a possibility).
One more thing I have to state. My wife and I don't want to go to Disney anymore and stay in a hotel room with our 2 boys. We want to go on vacation and for it to be at least as nice and comfortable as our house. We just don't "fit" anymore in the hotel rooms. Aside from the savings we bought DVC because we wanted the space and the comfort.
Anyway, I'd be happy to hear other's thoughts. Don't wanna argue with folks but would like it if folks could point out things I'm missing since I may buy more of these things.