It was just a bit of I imagine and then the poster was done. The discussion was pretty interesting though.If like me you check back in where you left off, OP bailed on the thread about page 4 and deleted his/her posts at 10:30 Saturday night. DVCurious indeed...
No he doesn't. He gives himself a bad rap, but we here in the cheap seats know most DVC owners are just like us bourgeoisiePerfectly agree on all accounts Been a DVC member for over 10 years and the OP does nothing but give the rest of us a bad rap. When you buy a DVC member you still have to buy park tickets as everyone else does. You get some perks but you don't deserve special benefits like the OP wants. I also totally agree about the embarrassment.
And yet he can't delete any of the many times his posts were quoted.If like me you check back in where you left off, OP bailed on the thread about page 4 and deleted his/her posts at 10:30 Saturday night. DVCurious indeed...
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I don't think many financial experts would agree to that at all.
Let's say I average 12% from investments, which is the average yearly return of the DOW. I could make the $2000 10% down payment in cash and then place the remaining $18,000 in an investment account earning 12%. I could then finance the DVC at 7% for 10 years, since it's a fixed cost we don't have to factor in inflation, and at the end of the 10 years the DVC would be paid off and I'd still have money left in the account.
So by leveraging investments I would be able to pay less for the DVC by financing than if I had paid cash up front and saved the finance charges.
Financing is a good thing if you understand how to use it. That's why the super rich finance EVERYTHING. They NEVER pay cash.
P.S. It should be *its* - possessive, not a contraction of it is. Elitists who spend $20,000 on a membership that entitles them to all of the perks possible should know the difference.
It was just a bit of I imagine and then the poster was done. The discussion was pretty interesting though.
It's interesting to see the various levels of entitlement expected (or not) by some people.
I completely agree with the original poster. That is why I would never consider buying a Disney timeshare. The amount of perks they give you for shelling out that kind of cash are a joke. The only way I would consider buying a Disney timeshare is if I got unlimited fastpasses, 50% off of annual passes, and free deluxe dining.
Shelling out $20k for the "privilege" of paying unending maintenance fees??? You got to be joking. Why pay that kind of cash when my last stay at the Poly was only $189 per night?
I think it all depends on how you want to travel. DVC is deluxe accommodations and my family are moderates travelers.I value my points at around $8 per point this year, that's even rounding up. That's my original cost divided by the number of years ($1.57 per point) plus this year's dues ($6 per point). I have 6 night at BWV studio for 91 points. So 6 nights for $728, which equals $121 per night.
The best part is I could sell my 250 BWV points right now and get my original investment back (paid $65 per point in 1999).
If you're making 12% on average, you are doing AWESOME at it. Not what the average person gets though.
If you're financing out of _choice_ that's different. For the 12% to make a difference, you'd have to have enough to have purchased it outright anyways. But I still don't get how even for the extremely rich financing makes ANY financial sense, since you're essentially losing most of what you are making by doing so.
I should have said if they were financing out of _need_.
P.S. anyone else notice the OP has abandoned the thread and edited all his posts to "blank"?