VGC large contract purchase?

[sleepymouse]

I am interested in buying at VGC. I live on the west coast and from what I have learned, it is very important to be able to book when the 11-month window opens up there.

I am looking for a 120-160 point contract. I saw a contract of 250 points being offered and wondered if it makes sense to consider buying a larger contract and possibly renting out 100 points most years through David's. I think it is probably better to stick with a smaller contract and keep things simple. Also, it should be easier to sell a smaller contract should the need arise.

Any advice is much appreciated. Thanks.

[lodge]

Renting out 100 to David's (being they have a minimum they accept) is a great way to defer your yearly maintenance fees. It's a higher up-front cost, but the points are yours... once bought you only have to worry about the maintenance fees (provided you are not financing, which may put it to be too costly).

If I could have bought a "larger contract" (over 250 points) I would have and did what you suggested. When I get older, I don't want to stay in a retirement home, want to LIVE at DISNEY!!! (and over a million dollars for their on-site homes is not an option)

[IandGsmom]

I wish we would have bought more points at VGC. As you mentioned you need to book at 11 months to get certain times as there are number of villas are limited. You can always treat yourself and/or family in a larger villa also. Go for it if you can swing it financially I doubt you will have many people here tell you not to get it..we all like to enable

[ToddyLu]

Get the resalers to put you on their email lists so you can see the contracts ASAP.

My name is ToddyLu and I am an enabler

[JimMIA]

I think it's folly to purchase any number of DVC points (or anyone else's timeshare) for the purpose of renting.

I mean really, if that were a viable business model, wouldn't DISNEY have already done it? Think about it.

Remember that when you buy DVC, all you are really guaranteed is to be able to use your points at your home resort. Nothing else.

DVC currently tolerates owners renting, and there is a school of thought that says they can't legally stop it. But, if they EVER decide to try, they can certainly make it difficult and unprofitable.

I would never spend actual hard cash, and obligate myself to many years of MFs, for the HOPE of possibly paying some of my MFs.

[Breyean]

Originally Posted by JimMIA

I think it's folly to purchase any number of DVC points (or anyone else's timeshare) for the purpose of renting.

I mean really, if that were a viable business model, wouldn't DISNEY have already done it? Think about it.

Remember that when you buy DVC, all you are really guaranteed is to be able to use your points at your home resort. Nothing else.

DVC currently tolerates owners renting, and there is a school of thought that says they can't legally stop it. But, if they EVER decide to try, they can certainly make it difficult and unprofitable.

I would never spend actual hard cash, and obligate myself to many years of MFs, for the HOPE of possibly paying some of my MFs.

I am in this camp.

We just sent in our contract to buy 125 points at VGC resale. Before that one came up, we were seriously considering going after a 240 point contract, which would have been way more than we need, considering we already have 200 points at VGC.

But the price was good on the 240, and we played with the idea of renting out whatever extra points we'd have each year. We decided, however, we didn't want to have to depend on renting, so we passed on it.

Then the smaller contract came along, and now we are waiting for ROFR to start.