You can still be DVC. You can buy a small contract of 50 points and go on a 150 point vacation every 3 years.
Year 1 - 50 pts - No Vacation - Bank Points
Year 2 - 150 pts - Vacation - Borrow Points
Year 3 - 0 pts - No vacation - No action
Year 4 - 50 pts - No Vacation - Bank Points
Year 5 - 150 pts - Vacation - Borrow Points
Year 5 - 0 pts - No Vacation - No Action
... etc
At least I think that's how it still works.
Well - not quite. right now they have restricted borrowing to 50% of your point allocation, this makes it not possible to do the "Every 3 year" thing that some owners plan on being able to do. An alternative would be
Buy 75 points:
Year 1 - 75 pts - No Vacation - Bank Points
Year 2 - 150 pts - Vacation -
Year 3 - 75 pts - No vacation - Rent out points - pay Year 3 and 4 dues with income
Year 4 -75 pts - No Vacation - Bank Points
Year 5 - 150 pts - Vacation -
Year 6 - 75 pts - No Vacation - Rent out points - pay Year 3 and 4 dues with income
So basically you rent out the points every third year and it pays for 2 out of every 4 years of dues. Your annual 150 point vacation only costs you the maintenance fees for 75 points. - Since typical MF at $7.50 per point, that's $562 for a weeks stay at a Deluxe resort.
(This of course doesn't include the buy-in that would likely run you $8,000 - $13,000 depending on where you buy, but factored over the length of a 35-50 year contract if you buy resale is can still result in spending under $1000 per week on a deluxe resort stay. As I said in my orginal post - $135 a night for 7 nights at Boardwalk ($944) and that's fully loaded factoring in buy-in and dues on a contract with a short end-date. Now I'll admit it takes some effort to make it work out that good - but I have never regretted the purchase.
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