Island Tower at Polynesian Villas and Bungalows

[noreenkate]

Well, that's certainly an idea. However, my cost to stay a week in a 1BR at OKW via my DVC points works out to about $1,000. Of course, if I rented out the points myself at $17 per point, I would make $2,660. But then again, if I stay at a Studio and rent out the points I'd save by staying there instead of a 1BR, I'd make $1,462.
And if I bought a Marriott for even $1, I'd still have to pay a MF. I already have 49,000 points with Wyndham, with about $500 MF.

For what its worth I used a 1/2 of a 4 bedroom eoy non Marriott lock-off- All in $1059 that got me 8 days this July in a 1bedroom savanna view at AKV...I cant make that happen with my OKW points

 

[carlbarry]

That sounds off…. A 1-bedroom at OKW ranges from 150 - 300 points for a week depending on the season. Even assuming you are staying during the lowest of low seasons (September 1 - 30), you’d be looking at 150 points. OKW maintenance fees are $9.87 per point so you’re at just shy of $1,500 for low season ranging all the way to just shy of $3,000 for a week in high season.

The way I figure my cost is: (purchase price + MF total for time of ownership) - (amount I've made from renting out points) divided by the number of years I've owned. That gives me my average cost per year. I then divide that by the number of points I own, to give me my average cost per point over the years, which works out to about $7 per point.
Yes, if I just figure MF per point, it comes out higher.
(That being said, I had a now deceased elderly friend. One time when they returned from a 2 week stay somewhere, his wife said to me, "It only cost us $150 for the 2 weeks." I said how do you figure that. She said, "Well, we pay $300 a month maintenance, so 2 weeks is $150." I asked about the other 50 weeks. Her reply was, "I see what you're saying, but we don't figure it that way." So I might be as wrong as they were.)

 

[iftravel]

For what its worth I used a 1/2 of a 4 bedroom eoy non Marriott lock-off- All in $1059 that got me 8 days this July in a 1bedroom savanna view at AKV...I cant make that happen with my OKW points

8 days? Guess it’s a typo for 7. Good deal!

 

[noreenkate]

8 days? Guess it’s a typo for 7. Good deal!

Sunday -Sunday
7 nights -

 

[Huskerpaul]

Sunday -Sunday
7 nights -

That sometimes throws my wife off - "Are we going for eight days or seven nights?" Me - "Both!"

 

[Fido Chuckwagon]

The way I figure my cost is: (purchase price + MF total for time of ownership) - (amount I've made from renting out points) divided by the number of years I've owned. That gives me my average cost per year. I then divide that by the number of points I own, to give me my average cost per point over the years, which works out to about $7 per point.
Yes, if I just figure MF per point, it comes out higher.

I have to admit I'm struggling a bit to follow this. How do you know the MF for the future? Are you taking into account the taxes you had to pay on your rental income? I think you're coming in a bit low on the true cost of ownership here, but I'm not criticizing.

 

[carlbarry]

I have to admit I'm struggling a bit to follow this. How do you know the MF for the future? Are you taking into account the taxes you had to pay on your rental income? I think you're coming in a bit low on the true cost of ownership here, but I'm not criticizing.

I figure my total price (so far) for my DVC timeshare is the amount I paid for the points, plus the total amount I've paid for maintenance fees so far (since 2010). Then I deduct from my total cost the amount I've received for rentals. (For example, say I paid $20,000 for points + $15,000 in MF since my purchase =$35,000. Deduct rental income, of $18,000, and my total cost so far would be $17,000)
Then I divide that by the number of years I've owned. (So $17,000 divided by 15=$1,133), That gives cost per year on average.
I then divide that by the total number of points I have, to give my cost per point averaged over the length of ownership. ($1,133 divided by 320 = $3.55)
I checked my logic with a couple of CPAs, and they approved it. Or maybe they just wanted to get rid of me and my timeshare gobbledygook.
That being said, if I use more points and stop renting out, and figure that MF will of course keep going up, my cost will also keep going up.
I'm not saying I'm right. I'm just doing the best I can LOL. Is there another way to figure that is more correct?
UPDATE: I've been thinking about it all night. It occurred to me that if I hadn't done any rentals for income, if I just took the cost of the TS and amortized it over the years I own, and then added in the MF, that would be more realistic. So, for example, if I paid $30,000 and owned for 15 years, that would be $2000 per year. Divide by number of points, 320, and that comes to $6.25. Add $10 MF per point to that, and it is $16.25 per point. (However, in my case I would deduct the rental income from the purchase cost, and amortize that amount.)