[ 2012 ] How much are you paying a Night?

[dioxide45]

For the curious...

Update including planned 2017 SVN reservations totals:

# of nights: 238
Ave cost per night: $74.38
* includes MFs, SVN fees, property taxes and any extra housekeeping charges (but not Maui nightly taxes)

If I sold WKV Plat 2-bed for $17,000, my average cost per night increases to $91.16.

For 2017 my nightly cost is $82.04 (22 nights; 13 in Maui and 9 in Rancho Mirage)

This includes 95 nights in Maui, 23 nights at Harborside, 17 nights at Kierland, 13 nights in Cancun, 68 nights at Desert Willow, 14 nights in Princeville, seven nights at Mission Hills, and one night at Vistana Villages.

Why the difference if you were to sell your WKV week? Is the ~$4000 difference the amount of loss you would take when reselling?

This cost per night really shows the value of WKV. We own SVV and just based on our 2017 usage, we are at about $100 a night.

 

[Ken555]

Why the difference if you were to sell your WKV week? Is the ~$4000 difference the amount of loss you would take when reselling?

This cost per night really shows the value of WKV. We own SVV and just based on our 2017 usage, we are at about $100 a night.

Yes, I include the higher average nightly cost to accommodate for the (current) loss of the deed based on what I paid and the estimated sale price. While not including lost opportunity (ie. interest or other benefits by using the original purchase price in another way, such as an investment) this comes close to approximating the true cost of the ownership for the time I owned it.

Of course, if you purchase WKV now over the next 10 years you will likely have a higher per night cost since MFs are higher (and lately increasing every year). Still, assuming no substantial changes to the program or value of the resorts, I suspect the cost of WKV vs SVV will always favor WKV.