I am glad you asked that
.
First, we are not doing this... but here is why: We have hit "break-even", vs discounted Main WL Hotel Room cost. As of NOV 2018 trip? We MAKE money... about $2000 per trip.
Now, a lot of folks don't properly calculate what "break even" means. This is when that HUGE down payment + dues < DISCOUNTED Main Hotel Room Cost.
And the only real way to track this is to know what the "discounts" are for the Main Hotel.... year, after year, season after season...
I have a spreadsheet for this
. After NOV 2018 trip? I could sell all points for $1, triggering ROFR, and dumping that contract in a heartbeat
. With ZERO monetary loss
.
Now, why does this matter? EVERY YEAR that we keep DVC, from NOV 2018 on, we make SERIOUS money - because we were going to go ANYWAY
.
But key? People think that when they buy into DVC, they are STUCK for 20-30 years
.
One of the BEST elements of DVC is ROFR. Once you have (at least) WON? You have hit break-even? ENJOY it. Then, when you are a little too old, tired, your children don't want it? DUMP IT FOR $1.00
. Watch WDW PANIC with ROFR
. In any case? No more dues
.
So many folks see ROFR as a barrier... folks, it's a "get out of jail FREE" card
. Enjoy WDW with DVC, until you tire of it - and WIN, economically. Then? Having won? Dump it if you have hit "break even", and really don't wish to go anymore
. Most classic condominiums ARE for "Life". DVC has a built in escape hatch.
ROFR is not a curse... it's an absolutely WONDERFUL ESCAPE HATCH, mis-engineered by WDW, that will allow a contract owner to run away, once they have hit that magic "break-even" point
.