Fair enough - if you're happy with the risks. IMO there's a high chance the holidays will be cancelled and you just have to hope in that case that you get your money back sooner rather than later. As I say, it took me 6 months which as it happens was OK, I could afford it. So it was annoying (strike that, infuriating) rather than anything else. Others may be less fortunate. Of course if the operator goes bust - hardly an unlikely eventuality given the strain they are all under - then you're in the lap of the gods with an ABTA claim and god knows how long that would take.
FWIW, I will just mention that the credit card companies are fuck all use in such circumstances as well. I paid £1,000 deposit on one card and the £1,500 balance on another (don't know why, just did). I tried to claim off both of them and after 10 weeks of chasing, they both refused, saying that since Sovereign were offering me a credit note (which was fuck all use when you cannot go anywhere!) they were not prepared to refund me. So I was stuck with no holiday, no money and Sovereign point blank refusing to give me my money back. They only coughed up when I threatened them with legal action.... which TBH is a hollow threat because the small claims courts are so backed up there is no chance of getting your money through that route for like years anyway.
But if anyone is desperate and happy with such risks, knock yourselves out.