Quote Originally Posted by Ian View Post

Because let's remember, the real value in DVC comes once your membership is paid for (assuming you finance). In the first 10 years your total cost of ownership is going to be a lot higher as compared to just renting points, but predicting what happens beyond that period is where it gets dicey.
I agree with you when all you have is annual dues the real value of having DVC kicks in. But in my case another way I look at it is comparing rack rate to what I pay now (annual dues + mortgage payment). In those instances I am spending less money. Of course when Disney is offering deep discounts I might be spending a little more, but those discounts will not be forever or as deep.