How much did you spend on your dvc membership

[Chili327]

That's our problem. I now want 2BRs even though there are just five of us and three are aged 9, 6, and 4.

We did a 2BR in May with my parents and my mom told me last weekend that she and my dad will be booking their own rooms going forward (not meant as a slight to us, just trying to allow us to do what we want since they treat their kids to WDW and we are the only ones with DVC points) and I think the 2BRs are the best fit for our family.

On a totally unrelated note, how are the 3BRs at WDW?

Our plan is for a 10 day family vacation in early June in a 2BR and then solo trips for my wife and I for three nights (her trip would be late January and mine would be late September and both would be in 1BRs because we can because we have the points.)

I think you can make use of more points fairly easily if you are doing two trips per year, & have room to upgrade, although 3bdrm is a big jump in point cost. lol

 

[Sprinkles&Sprints]

That's our problem. I now want 2BRs even though there are just five of us and three are aged 9, 6, and 4.

We did a 2BR in May with my parents and my mom told me last weekend that she and my dad will be booking their own rooms going forward (not meant as a slight to us, just trying to allow us to do what we want since we have our own DVC points and they use theirs to treat their four kids to WDW) and I think the 2BRs are the best fit for our family.

On a totally unrelated note, how are the 3BRs at WDW?

Our plan is for a 10 day family vacation in early June in a 2BR and then solo trips for my wife and I for three nights (her trip would be late January and mine would be late September and both would be in 1BRs because we can because we have the points.)

If it makes you feel any better I’m scoping out 2BRs and there’s only two of us

 

[Sprinkles&Sprints]

Can we start a DVC Anonymous group? I've gone from 220 to 395 in two months? I'm still scratching the itch by looking for BWV or SSR points and I don't think I can really even use them, if I'm honest with myself.

I’m sort of in the same boat. When I started going down the DVC path, I told myself I’d probably be resale only…until I wasn’t. If I’m being honest I have about 200 points more than I truly need (and that’s including upgrading to 1 or 2 bedrooms for our trips). I’m going to see how the next couple of years go - if fam/friends accept our invitations to join I’ll probably keep but if not I’ll just sell. I have no issues with renting but if I’m doing that consistently, I’d rather just not have the hassle

 

[tx911]

I’m sort of in the same boat. When I started going down the DVC path, I told myself I’d probably be resale only…until I wasn’t. If I’m being honest I have about 200 points more than I truly need (and that’s including upgrading to 1 or 2 bedrooms for our trips). I’m going to see how the next couple of years go - if fam/friends accept our invitations to join I’ll probably keep but if not I’ll just sell. I have no issues with renting but if I’m doing that consistently, I’d rather just not have the hassle

Me too! I want to see how we do over the next 2-3 years.

But y'all keep buying more points and crowing about your fixed weeks and making it tough

 

[Jack Kerouac]

Public Service Announcement: Vanguard does not have the lowest expense ratio index funds/ETFs.

Having worked in finance for a decade and a half, it hasn't helped me as an investor. It's almost like I learned too much so I don't hold through the ups and downs. I take a profits too soon (TSM) and cut losses too quickly (XOM, COP, etc.) but my PARA investment was a wonder thanks to Bill Hwang blowing himself up. My understanding of financial history has propelled me to be a value investor and that's been all wrong since I started working. The silver-lining is I'm a good saver and I guess that's more important since you can't invest what you don't save. Most people can be good investors or good savers. Very few are both. And good investment returns aren't always going to rescue bad saving practices. So be a better saver than investor if you have to pick one over the other.

 

[tx911]

Having worked in finance for a decade and a half, it hasn't helped me as an investor. It's almost like I learned too much so I don't hold through the ups and downs. I take a profits too soon (TSM) and cut losses too quickly (XOM, COP, etc.) but my PARA investment was a wonder thanks to Bill Hwang blowing himself up. My understanding of financial history has propelled me to be a value investor and that's been all wrong since I started working. The silver-lining is I'm a good saver and I guess that's more important since you can't invest what you don't save. Most people can be good investors or good savers. Very few are both. And good investment returns aren't always going to rescue bad saving practices. So be a better saver than investor if you have to pick one over the other.

I wouldn't call myself a good or savvy investor, but slow and steady has worked alright for me up til now.

I want to retire, but the thought of zero income stresses me out mightily.

 

[Jack Kerouac]

Me too! I want to see how we do over the next 2-3 years.

But y'all keep buying more points and crowing about your fixed weeks and making it tough

I just want to be part of the party. And if buying more DVC points makes me relevant, then so be it.

Please accept me.

 

[Jack Kerouac]

I wouldn't call myself a good or savvy investor, but slow and steady has worked alright for me up til now.

I want to retire, but the thought of zero income stresses me out mightily.

Thankfully, the work I do isn't too strenuous on the body, so I can do it as long as I want or need. My dad turns 68 this year and has been talking of retiring for 15 years (it's a family business). The more realistic outlook for all of us is what he is doing now: shorter work weeks, longer weekends, and extended vacations. But he's like his dad and will likely never actually retire and I will likely be the same.

Retirement is such a new concept that I'm surprised it has taken over our lives in the way it has. My grandfather was the first in our family to have the retirement home in FL, relax and play tennis at the country club, etc. The generation before him, it was mostly work until you die.

Slow and steady is the right way. Quick and easy is the lottery and that's just a lot of people blowing their hard-earned income.

We have some really wealthy retiree clients, but they all retired to something. One of our clients has more than enough and all he wants to do is garden. I'll be retiring to DVC.

 

[Jack Kerouac]

I’m sort of in the same boat. When I started going down the DVC path, I told myself I’d probably be resale only…until I wasn’t. If I’m being honest I have about 200 points more than I truly need (and that’s including upgrading to 1 or 2 bedrooms for our trips). I’m going to see how the next couple of years go - if fam/friends accept our invitations to join I’ll probably keep but if not I’ll just sell. I have no issues with renting but if I’m doing that consistently, I’d rather just not have the hassle

We always wanted direct but always believed it to be too expensive. After buying PVB resale for cash, we were able to sell it, buy OKV direct in May and then add on resale with AKV and BRV. Now, the numbers are just numbers and I want to throw some money around and buy more.

I must be bored.

No, I am just addicted to DVC.

I told my wife today that I wanted to go to Disney and she told me she could tell.

 

[Electron_si]

That's our problem. I now want 2BRs even though there are just five of us and three are aged 9, 6, and 4.

We did a 2BR in May with my parents and my mom told me last weekend that she and my dad will be booking their own rooms going forward (not meant as a slight to us, just trying to allow us to do what we want since we have our own DVC points and they use theirs to treat their four kids to WDW) and I think the 2BRs are the best fit for our family.

On a totally unrelated note, how are the 3BRs at WDW?

Our plan is for a 10 day family vacation in early June in a 2BR and then solo trips for my wife and I for three nights (her trip would be late January and mine would be late September and both would be in 1BRs because we can because we have the points.)

I’ll tell you as a family of 5 the two bedroom is on another level compared to the 1 BR. The 1 BR gives you more space but no extra sleeping spaces compared to a studio. We had a 2 BR at VGF over Christmas and it was like our kids had their own apartment. It was so nice unwinding at night when they had their own space and beds to lay in and we didn’t have to fight to use the bathroom.

The problem is at 70+ pts a night in DEC it’s hard to justify.

 

[Sprinkles&Sprints]

Me too! I want to see how we do over the next 2-3 years.

But y'all keep buying more points and crowing about your fixed weeks and making it tough

Guilty as charged

 

[Jack Kerouac]

I’ll tell you as a family of 5 the two bedroom is on another level compared to the 1 BR. The 1 BR gives you more space but no extra sleeping spaces compared to a studio. We had a 2 BR at VGF over Christmas and it was like our kids had their own apartment. It was so nice unwinding at night when they had their own space and beds to lay in and we didn’t have to fight to use the bathroom.

The problem is at 70+ pts a night in DEC it’s hard to justify.

Explain, not justify. We are here to help you with the reasoning.

 

[tx911]

.

I’ll tell you as a family of 5 the two bedroom is on another level compared to the 1 BR. The 1 BR gives you more space but no extra sleeping spaces compared to a studio. We had a 2 BR at VGF over Christmas and it was like our kids had their own apartment. It was so nice unwinding at night when they had their own space and beds to lay in and we didn’t have to fight to use the bathroom.

The problem is at 70+ pts a night in DEC it’s hard to justify.

This is the problem though, right?

The 1BR is on another level compared to Studios, and the 2BR is on another level compared to the 1BR, and don't even get started on the grand villas.

Before you know it you need 3 times the points you originally thought you needed!

DVC Villa creep. It's like lifestyle creep, but quicker and more expensive, lol.

 

[DVCanadian]

We got in for just under $26K USD for 520 points (no restrictions related to DVC resorts allowed to be booked)

SSR $13,500 (2011 270 points at $50pp)

OKW (2042) $12,575 (2013 250 points at $69pp minus $5,500 for immediately renting out 2 yrs of the fully loaded contract)

Total $25,575 USD

Very lucky timing. Canadian dollar was near par for both purchases putting us a little under $30k CAD.

 

[hcortesis]

Bought all our contracts direct at resort opening.

1,000 at BCV. $70/point. $70,000.
550 VGF $140/point. $77,000

$147,000

Add in our CAD exchange at approx 30-35%, and it takes it to around $200K in our money.

We thoroughly enjoy our trips. I definitely would not have changed a thing.

 

[zachatak]

Our first contract was BLT in 2016 for 210 pts - $22,260. Then addonitis set in. 8 years later, we have 9 resale contracts (BLT, AKL, CCV, PVB, OKW) and 4 direct (RIV, fixed week at VDH). It has added up to a small fortune over time but we’ve taken so many friends and family and have tons of memories so while I cringe every year when annual dues come around, it’s still been worth it.

 

[BaybeeYoda]

We bought resale 400 points.

2011: 200 BWV @ $70pp ($14,000) - unrestricted
2018: 200 BLT @ $100pp ($20,000) -minor restrictions

Total: $34,000 for 400 points.

I’m starting to not want to travel as often to Disney, and contemplate selling/renting. DH wants to keep going so we shall see. I’m happy we would break even/profit a little if we sell….

 

[Chili327]

2011: 200 BWV @ $65pp ($13,000) - unrestricted
2018: 200 BLT @ $100pp ($20,000) -minor restrictions

That hurts. lol.

 

[Cfabar1]

That hurts. lol.

yes it does, but it confirms to me that BWV points are still overpriced.... $90ish dollars resale seems to be right around the right number.

 

[BaybeeYoda]

That hurts. lol.

Keep in mind 2011 was the depths of the “Great Recession” and bwv was not looked upon well bc its maintenance fees were higher than the others. Adjusted for inflation, that same $70 is $100 in todays terms.

If I had put that $70 in the s&p 500 in 2011, it would be $384 right now.

So it’s not exactly apples to apples.