disneyland_is_magic
DIS Veteran
- Joined
- Aug 16, 2016
Listening right now and I think this is too much. It’s one thing to say we shouldn’t blanket say people shouldn’t finance DVC and take on debt. Of course, it’s none of our business to judge other people’s choices but some of these comparisons of justification are too much.
Corey Fiasconarios just said saying you shouldn’t finance DVC is like the same as saying if you can’t afford to pay cash for a home, you should only rent. What!!! That’s apple and oranges, a home is a stable investment, a mortgage can be cheaper then rent. You also HAVE to live somewhere so trying to build equity with that money makes sense for many people. Buying a home is also about establishing stability for your kids, so they can have roots and long term friends and long term schools. I was disappointed no one at the table didn’t speak up to that.
They also mentioned Sean financed most of his recent Aulani purchase he bought straight from Disney. I did not understand that at all, he bought direct at $188 a pt, if he had an emergency the current resale is 100 a point, would it not be an immediate and significant loss? Is it right for Sean with a Dis career? Sure! But I don’t think you should be advocating that to your listener base. If you are financing it seems like resale makes more sense with less risk.
Is financing a consideration worth looking at on an individual basis? Sure! It’s also possible you may have the cash, but elect not to tie it up. But I think they are going way too far the other way on this show. This advice seems unwise.
Corey Fiasconarios just said saying you shouldn’t finance DVC is like the same as saying if you can’t afford to pay cash for a home, you should only rent. What!!! That’s apple and oranges, a home is a stable investment, a mortgage can be cheaper then rent. You also HAVE to live somewhere so trying to build equity with that money makes sense for many people. Buying a home is also about establishing stability for your kids, so they can have roots and long term friends and long term schools. I was disappointed no one at the table didn’t speak up to that.
They also mentioned Sean financed most of his recent Aulani purchase he bought straight from Disney. I did not understand that at all, he bought direct at $188 a pt, if he had an emergency the current resale is 100 a point, would it not be an immediate and significant loss? Is it right for Sean with a Dis career? Sure! But I don’t think you should be advocating that to your listener base. If you are financing it seems like resale makes more sense with less risk.
Is financing a consideration worth looking at on an individual basis? Sure! It’s also possible you may have the cash, but elect not to tie it up. But I think they are going way too far the other way on this show. This advice seems unwise.
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