Being a curious insomniac with nothing better to do than benefit a limited TUG audience, I thought to run some numbers.
I can stay full-time 52 weeks per year in a fully furnished 1 bedroom condo at Wyndham Pagosa Springs for 296,000 WorldMark credits (Much less in a 1 BR suite with a full size refrigerator). My weighted ownership costs are $0.096/credit equals 296,000 x $0.096 = $28,416/year for EVERYTHING! -- (monthly) housekeeping, internet, cable TV (not that great at Wyndham Pagosa), a/c and other utilities, trash collection, etc. -- everything. $28,416/12=$2,368/month.
I buy a Mountain Meadows condo for $525,000 with nothing down (no "down costs" using my WorldMark ownership at Wyndham Pagosa, and ignoring the substantial "mortgage insurance" costs on a 30-year mortgage) -- $3,318/month PLUS all the "incidentals" like furniture, Utilities (heating in the winter is a killer), internet/cable, etc.
Sure, the Mountain Meadows unit is a 2 bedroom versus my WorldMark 1 bedroom, but c'mon! $1,000/month savings versus a mortgage, and all the $100s/month "incidentals"? Plus, what are the HOA dues on that $525k condo ownership?
The 2 bedroom purchase price would have to be about $325,000 ($2,055/month, amortized at current 6.5% mortgage rates- plus additional furniture and monthly expenses) to be anywhere near competitive with just booking reservations with WorldMark.