Ouch.
Did you really just call a bunch of people stupid?
Let’s not put words in people’s mouths please. I said “uneducated consumers” on this type of purchase. Having worked in timeshare a bit years ago, I’d say the majority fall in this category when it comes to this type of purchase. There’s a lot to know to determine if it’s actually a good deal for you — and most just plain don’t know what they don’t know on this, and take at face value what salespeople tell them.
It’s indisputable that DVC is becoming less attractive as a pure financial deal than it once was. If I use identical assumptions with my various DVC purchases I arrive at 6-7yrs break even. DRR the best I can get to is 15yrs.
As it becomes less attractive as a pure financial proposition, the pool of folks who will ultimately extract value in practice shrinks.
If they get the same number of buyers for this as past resorts, this means people were either a) less educated on the purchase on average, or b) are educated, know it may not be a great deal, but bought it anyway for intangible reasons.
If b), more power to them and Disney! I’d just bet there’s a healthy dose of a) thrown in there on this one.
It will still be a “good deal” for people who will use their points on DVC only, own it for long enough, don’t have alternative investments that would produce a better yield over time, etc, etc. But FEWER of these people exist wrt DRR than any DVC to date.
My opinion based on my experience.
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