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Does that bother anyone, or do you feel you get the full value out of it even though you can't own it forever? It's the one thing holding me back from buying there.
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We get value out of our points because we book a lot of 5 night studio stays (Sunday through Thursday) for our kids. I can book the kids a studio in September, October, early December, or January for 40 points. If we paid cash for the nights (even with a AAA discount) we would be paying at least around $275 to $300 a night most of the time. So yes, we feel we get value out of our points. Most of the DVC resorts last until 2042 and SSR lasts until 2054.
We are able to trade in some through II, but I still like owning DVC points to be able to pick up the phone and call DVC and get something when I want it. Also, if we wanted to book a family gathering and I needed certain dates, I know I can get it if I book early and by banking and borrowing points. And best of all, I don't have to wait on a II exchange to MAYBE show up. And when you have multiple families planning a trip for a holiday trip (when kids are out of school) you need to own the DVC points to get a prime time reservation.
When my kids finally give me some grandkids and we need school holiday periods
, it will really come in handy owning the DVC points because I will need the prime time and not the off season stuff that comes up occasionally in II.
If you love onsite Disney and that's what you want and nothing else will do, then in my opinion, you need to own some DVC points. -
That ownership expires doesn't bother me. What bothers me is the cost and the maintenance fees. There are lots of other timeshares that have far superior value.
But, if you've got to have Disney during certain times of the year, it's the only way to get it.Comment
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We also really like Marriott's resorts. When it's just me and my husband traveling and we aren't going to any Disney parks, we like staying at Cypress Harbour or Marriott Horizons (I like the tropical Key West themes of those resorts - it just feels like vacation to us). We also own with Marriott.
Boca is right, DVC is an expensive timeshare to buy and own. DVC is really for the on-site diehard that wants to go every year or every other year and needs specific times of the year.
Two other resorts we want to try staying at are Cypress Pointe and Vistana Villages. Hopefully, we will get to stay at these in the near future.Comment
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Its a big deal - for DVC
The fact that it's not deeded and only a long term rental (RTU) is not good but it isn't the only timeshare sold that way. What does bother me is that Disney's fees are way above average and will continue until the year the RTU ends with no say from the long term renters. Disney runs the whole club their way and all you "own" is the right to pay until they get it all back in what should be better than new condition. You can't even buy or sell without them getting involved like King David at Westgate. They want the renters to think that keeps prices up but all is really does is deny good deals to individual buyers while allowing Disney to reclaim points on the cheap (they don't guarantee a price they just take it on ROFR for what was offered by a legit buyer). Sometime - not too far away - the number of years left in the payent commitment won't be attractive to them anymore and then the price will plummet virtually overnight. Pity those who are left with the obligation to pay those final high cost years and having no chance to get their high initial "security deposit" (purchase cost) back. We decided DVC was not a good value for us and the RTU played a part in it. It was the arrogance and "because it's Disney" attitude that made us get rid of ours. It spoiled the whole Disney experience for us after that. We're Universal people now.Originally posted by vacationlover2 View PostComment
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By the time it expires, my kids will have to rebuy and take US on vacation.
The cost bothered us more than the termination date. However, my husband comes from a family that was raised staying onsite Disney every year. Nothing else feels the same for him, so we needed to own some points to round out our timeshare portfolio.
LisaComment
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For us, staying on site and the flexiblity of booking 3 or 4 days at a time, with short notice, is the break point for us. We go 6 to 8 times a year, some trips are two days, some are six....only once in the past seven years have we stayed a week at Disney in one stay. Staying off site is not an option, and trading into Disney with the way we vacation is also not an option (if viable).
When the time is up for our unit, we will be almost 90 so the expiration date is a non-factor.Comment
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I have been a DVC owner since 2000 and have owned over 1,000 points.
I never dwelled on the expiration date as I viewed my membership in DVC as a 10 year plan. After that, my kids will be in college and I will either sell all contracts or keep a samll contract and rent points as needed.
DVC is a GREAT (and expensive) program if you want to stay onsite for Disney properties. However, the II trading and point renting for profit is not very cost effective.Comment
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How long do you think the resale value will last?
I feel a strong draw towards DVC, but am worried about the long-term resale value. I know so far it's held up quite well, but how far before the end of the lease do you think the prices would fall?
Thanks,
JoJoComment
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No timeshare should be looked at with resell in mind. If buying DVC has value for you and your family then its worth it. We don't plan on selling our DVC points for a long long time. We may add more, we may sell some, but we will always have some!
Most guess that the prices will start falling 20 years out from expiration, but who knows. Thirty 35 years from now is still a long ways off, 15 years to hit the 20 year left mark.Comment
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IMHO: I believe your above quote is BAD advice....as they say in the World Poker Tour...always have an exit strategy.Originally posted by TomandRobin View PostComment
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And after the time is up?
What happens when the time runs up? Owners will no longer own, but what of the resorts, do they start selling points all over again for another 50 years?? Do the resorts become regular hotels? Will previous owners get deals on re-owning? This doesn't sound very "Disney' to me (or perhaps it's more Disney than I'm willing to accept).
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A 50 year old resort can't have much appeal. I assume it will be town down and something else built in its place.Originally posted by misternick View PostComment
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These RTU concerns crack me up....show me "One" person that has owned any other single timeshare in the world for 50 years....I'm waiting........thus, the expiration date is an almost moot point. Besides, don't you tjhink the 50 year old timeshares (including Marritoo, Hilton, WM) will either wach owners with an assessment or simply start increasing their MF to increase their reserve and remodeling fund.Originally posted by misternick View PostWhat happens when the time runs up? Owners will no longer own, but what of the resorts, do they start selling points all over again for another 50 years?? Do the resorts become regular hotels? Will previous owners get deals on re-owning? This doesn't sound very "Disney' to me (or perhaps it's more Disney than I'm willing to accept).
Yes, in the future, the original OKW will start declining in value, while the newer resorts like SSR should retain thier value for a long time.
Since 1991, when OKW was first built, there has never been a decrease in value of a DVC contract. Any person that boought from the developer (Disney) before 2004 can easily resell their contract for a profit. Nobody that has bought DVC and held for a few years has ever lost money....that fact alone is unmatched in the timeshare industry.Comment
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I meant planning to buying and selling with making a profit as a goal. DVC has and does very well with retaining thier value.Originally posted by Steamboat Bill View PostComment
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