VGC at $80 makes me want to cry…not that I would have or could have bought at that time lol
I’ll take it if the resale market stays around 50% of direct sales. That would be pretty consist to what it today. And I know this assumes a lot about what DVC and WDW look like in that time, but even if it’s worth a bit less than that that’s still great value in my eyes.
Your note about Hilton Head goes back to my point that resale follows direct prices. HH is in the $60s currently, so it’s gone up since those years. And that’s with the current status of HH, including its high dues, 2042 expiration and most importantly, its relative value v. cash prices. Not that it’s a bad thing to err on the side of caution, but we do tend to over fixate on the devaluation of direct points but we’re looking at it through the lens of today’s resale numbers and pricing. Barring any financial catastrophes and if the company keeps chugging along, even mediocrely, the resale trend strongly suggests that it will follow direct pricing.