I',m considering purchasing a resale contract at the Poly. I've done a lot of research and I think that I have a pretty good understanding, but would appreciate a second (or third) set of eyes. Here is what I am thinking:
Background: I'm in my 40s and have 2 year old twins. I have always loved Disney and am taking them on their first trip in a couple of days. In my most recent trip, I stayed at the Poly and absolutely adored it (we are staying at Contemporary Club level this time because we expect to be coming back to the hotel alot from MK). I am a bit of a workaholic and kind of like the idea of being "forced" to take a vacation on a biannual basis at least. My sister and her two sons also love Disney and would often travel with us. Our most likely time of travel would be February. I've priced out the expected points and in 2020, the cost would be 141 per unit.
So, here we go on my researched based analysis:
1. I should get at least 160 points, 175 being more ideal. I know that points can change and the possibility of a point reallocation due to the overpriced bungalows makes this even more liktely in the case of the Poly.
2. I should get a use year of August-December. Use year I have a bit of a hard time getting my head around, but it seems like this will allow me to take advantage of banking and borrowing better? As I say, this is my weak point in figuring out how this works.
3. With a combination of banking and borrowing, I should be able to book 2 studios every other year. In order to do this, I would need to purchase a fairly loaded contract. For example, if I wanted to book for Feburary 2021, I would need to have 282 points in my account or expected to be in my account during the 2020 calendar year. So, if I bought a contract with say 140 banked 2019 points, I could book during the home resort window with say a December use year, I could use my coming 2020 points in conjunction with those banked points or would I have to use the 2019 points before the end of the 2020 calendar year for the actual stay? (Once again, despite a law degree, I am a bit baffled by use years). I then could bank my 2021 points for a 2023 visit?
4. The long time remaining on the Poly contract makes it especially attractive to me as I could forsee possibly reselling it at some point in the fairly distant future. The contract will expire when I am in my late 80s. I am assuming a conservative estimate is that I would get at least 25% of my initial purchase price back
One question: Also, any why there are so many Poly resale contracts being offered at present? Is it just the bungalows or is it the lack of one bedrooms?
I would appreciate any feedback on whether my logic is sound. Thanks!
Background: I'm in my 40s and have 2 year old twins. I have always loved Disney and am taking them on their first trip in a couple of days. In my most recent trip, I stayed at the Poly and absolutely adored it (we are staying at Contemporary Club level this time because we expect to be coming back to the hotel alot from MK). I am a bit of a workaholic and kind of like the idea of being "forced" to take a vacation on a biannual basis at least. My sister and her two sons also love Disney and would often travel with us. Our most likely time of travel would be February. I've priced out the expected points and in 2020, the cost would be 141 per unit.
So, here we go on my researched based analysis:
1. I should get at least 160 points, 175 being more ideal. I know that points can change and the possibility of a point reallocation due to the overpriced bungalows makes this even more liktely in the case of the Poly.
2. I should get a use year of August-December. Use year I have a bit of a hard time getting my head around, but it seems like this will allow me to take advantage of banking and borrowing better? As I say, this is my weak point in figuring out how this works.
3. With a combination of banking and borrowing, I should be able to book 2 studios every other year. In order to do this, I would need to purchase a fairly loaded contract. For example, if I wanted to book for Feburary 2021, I would need to have 282 points in my account or expected to be in my account during the 2020 calendar year. So, if I bought a contract with say 140 banked 2019 points, I could book during the home resort window with say a December use year, I could use my coming 2020 points in conjunction with those banked points or would I have to use the 2019 points before the end of the 2020 calendar year for the actual stay? (Once again, despite a law degree, I am a bit baffled by use years). I then could bank my 2021 points for a 2023 visit?
4. The long time remaining on the Poly contract makes it especially attractive to me as I could forsee possibly reselling it at some point in the fairly distant future. The contract will expire when I am in my late 80s. I am assuming a conservative estimate is that I would get at least 25% of my initial purchase price back
One question: Also, any why there are so many Poly resale contracts being offered at present? Is it just the bungalows or is it the lack of one bedrooms?
I would appreciate any feedback on whether my logic is sound. Thanks!