Having seen posts concerning DVC dues, vs Main Hotel rental costs? Must post our experience.
DVC will require a buy in of close to $30,000 CASH. Finance it? You are dead. Have the cash.
Having tracked our initial buy in, vs Main Hotel DISCOUNT rates, over a 6 year period?
My dear wife and I will exceed BREAK EVEN after 6 years, vs DISCOUNTED WL main hotel rooms. That means that our initial investment of about $28000 CASH has been paid back. We start to clear close to $4000 per year after break even, NOV 2018.
So - key elements?
1) BUY where you want to STAY. Ignore that "7 month" myth.
2) CASH. DO NOT FINANCE
3) Given 1) and 2) - OUR room costs per night at the WL will be about $120. Check discounted rack. We win..... about 25% of discounted rack, until the contract ends (we would be 90, at this point).
We are personally VERY happy with DVC
. Took about 6 years to recover initial investment. At 5% increases per year, based on Rack? We made out like bandits, vs a 0.02% bank
.
Edit: Must add that we did this during a period of ZERO INTEREST from banks. We lost nothing. Given higher inflation? This may not be for YOU.