Totally agree. The only thing to consider is your outlay costs vs. equivalent vacation accommodations from a non-time share company.
For example, if you pay $20,000 for a timeshare of a 2-3 bedroom condo / resort by Disney that has maintenance of $800 for a 20 year period. This equates to $1000 a year for the timeshare plus dues. That means you get it for about $1800 this year. Since dues will go up about 4-5% a year it may be $1840 next year and $1882 the year after.
To compare maybe you go to All Star Vacation homes just outside of Disney and look to rent a similar unit each year you will be looking at about $200 a night plus taxes / fees.
The cost is probably similar when taking into consideration the amenities offered or not offered by each. For example, if not staying on a Disney property you may need to pay for parking and may not get extra perks at the Disney parks. On the other hand you will have a kitchen to make breakfasts, a laundry area, regular shopping stores to buy normal priced soda and water (not hotel prices) and can take a day or 2 at Sea World or Universal. Yes, you would need to rent a vehicle vs. not needing one at a Disney resort.
If going to a vacation spot that doesn't have as many vacation rentals then finding an equivalent property may be tougher without a timeshare. So if you trade in your Disney Club points for another location you can get an equivalent room but the person who chose not to go the vacation club route may be stuck in a normal hotel. Then again in a normal hotel they may be able to get a 2 room suite for a similar cost.
Some of the hotel chains who have vacation clubs offer you silver or gold status for upgraded rooms and extra services that can be used throughout and not just when using your timeshare.[/QUOTE]
This is what I have through Starwood. Not only have I not paid for a hotel room in years, I'm always upgraded, and guaranteed a room whether hotel is booked or not.