Points price increase!

[Cherry]

My guide just called this morning to let me know that there will be a price increase to $75 a point on June 3. She said they just got the message this morning. She also said the MB plan would be changing April 15. (I've been corrected on the MB date -- should actually be April 1.)

http://members.aol.com/mzdavis67/floatingminnie.gif

[This message was edited by Cherry on 03-26-01 at 10:11 AM.]

[This message was edited by Cherry on 03-26-01 at 04:48 PM.]

[minnie mouse]

I heard that too this morning so I guess if I want to do an add-on I better do it quick.

[This message was edited by minnie mouse on 03-26-01 at 10:57 AM.]

[Dreamfinder2]

Aaaaugh! That sure does move up my drop dead purchase date :eek:

[De Ann]

I thought the MB program was changing April 1 (that's what my guide told me). What is going to happen April 15?

[Cherry]

I'm not sure what happens on the 15th, De Ann. She asked me if we wanted to use Magical Beginnings for our add-on and told me it would be changing. Since we aren't going to use it, I didn't get the details about the change. I wish I had, so I could post it. Maybe I misunderstood the date -- I'm sure someone else will be able to clarify it. I was mostly interested in what she was saying about the price increase!

http://members.aol.com/mzdavis67/floatingminnie.gif

[PamOKW]

So, what's the opening bid for BCV? $85? $90 What do you all think? (We've gone up $7 in 6 months.)

[Disnydad]

Well, that made up our minds. We were talking of a 70 point add on at the VWL in the fall. As soon as they can do this via the mail in New York and before the price increase, we will do it. Did I hear they will be registered in New York within the next month? :)

Don, DVC/VWL 2000

No frogs were riveted during the construction of this post.

[Dreamfinder2]

Just spoke to our guide -- for what it's worth -- and the price increase in June is apparently for real. Ditto the change in MB for April 1. You know, if all of you would chip in a little, it sure would expedite our purchase ;) :D

Remembering when ... Tangaroa Terrace had banana-stuffed french toast that was the ultimate breakfast food.

[minnie mouse]

Does anyone know if Vero Beach MB will go down too?

[drusba]

I will prepare myself for another of those raise the rent per point posts which is now undoubtedly coming . In Jan 1999, it was $62.50 and it had actually been that for a few years. In Feb 1999 it went to $65. In May 2000, to $67. In Jan 2001 to $72, and now in June 2001 to $75. That is an overall increase of 20% in about two years, and 15% in just one. At this pace, we are looking at $85 or more a point when BCV is available. When BCV was first announced and we were still at $65 about to go to $67, I remember people joking in response to some post that it would be $85 by the time BCV got built. Now I am not even sure it will stay that "low.

[PamOKW]

Drusba I'm guessing $85-$90 if BCV enters as another regular DVC resort. If it's the start of a new program....I don't know....would a $100 per point be unreasonable?

[DVCDAVE]

Cherry, You just made me feel good about adding 275 pts. at WLV while we were down there last week. We had some doubts, but after the tour we signed the paperwork. Yippee !! Funny, our guide did not even hint at an increase, I guess he didn't want to add unnecessary preasure, and let the WLV sell itself.

http://www.weddingcove.com/images/bwv_logo_trans.gif

WDW:
76,77,78,87,FW
92,Offsite
95 POL
96(2), GF,Offsite
97,GF
98,99,00,FW
8/00 DVC member
3/01 BWV, FW
11/01 BWV !

[PamOKW]

See Dave, you "saved" over $800 already! Just curious, do you know if we can purchase VWL by mail in CT?

[Richyams]

Almost everyone was saying that I was nuts for calling BCV to open at $85.

Looks like I will be right again.

I think we may even see another increase before VWL sells out. I also think we will hear of another DVC resort VERY soon. I really think it will be at a monorail hotel. Wether its GF or Poly or someplce else along the monorail, I think that would be the only way for them to keep the 2042 ending date.

"From each according to his ability, to each according to his needs", Karl Marx,This has failed every time it has been tried, why do we still have liberals?

[Jan E]

for the info. We were going to wait until August for our add-on but we'll do it sooner now.

Thanks again.

Jan

[DVCDAVE]

After I signed the paperwork, the 'Quality Assurance' gal handed me the cardboard holder of my copies. I asked her to just send it to my home in CT as I didn't want it with me during my vacation. She said she couldn't "if WLV has not cleared in CT yet." So, Jim McCoy my guide, jumped up and said let me check, and cam back and said it did just clear CT. So, I assume you can now buy through the mail.

http://www.weddingcove.com/images/bwv_logo_trans.gif

WDW:
76,77,78,87,FW
92,Offsite
95 POL
96(2), GF,Offsite
97,GF
98,99,00,FW
8/00 DVC member
3/01 BWV, FW
11/01 BWV !

[Lesley]

Wow, dh and I were just considering an add on last night....we were going to call our guide and have her let us know when VWL were getting close to selling out......hmmmm.

Perhaps I'll ask for some points for my birthday next month!


Lesley


1979 Contemporary
1992 Off-site
1994 Carribean Beach
1999 Fort Wilderness and Coronado Springs
2000 Polynesian and Old Key West
2002 Boardwalk Villas

[PamOKW]

Thanks Dave. Just like to keep my options open if the lotto comes through!

[chris1gill]

UNBELIEVABLE!! We all nearly choked when the price went up to 72.00!!! Oh yikes!! Watch the resale market go up now!!! I still need an additional 50 points though... UGH better act quick....

[DisneyHumbug]

Since I'm one of the newbies that bought in at $72, I am glad it's going up - nice to know someone will pay more than I did!! Now I don't feel so bad.

FW 86,90,93,94
DxL 95,96,96(Apr&Aug),98
CR 00
CSR 01
OKW 01 can't wait!

[KNWVIKING]

Does Alan Greenspan know that Disney- not OPEC - is responsible for inflation in the U.S ?

[msdis]

Supply and demand...........the more WE are all willing to pay, the more Disney is going to ask. I look at the whole thing and can't help but think of the internet stocks of the last few years. Everyone chased it all the way to the top till the balloon broke. Thank god we all have a quality product with great investment stability, right? :rolleyes:

[Caskbill]

Rich:
We don't think you're nuts for predicting BCV's at $85.00/point.

We all think you're nuts for other reasons....lol.

Just kidding. So with this increase are you sticking with $85 or do you now think it may even top that.

Kind of like the market, just when you think it can't change any more, it does...


Caskbill

[Richyams]

No, I will stick with $85 for now. People seem to be under the impression that Disney execises their right of first refusal often ad that is part of the supply of waiting list points at OKW and BWV.....I don't believe this to be the case. I have no information either way, but I have to believe that Disney is forced to buy back very few contracts under that provision.

I think the resale market is VERY liquid and there are no asking prices eventangling with the floor Disney has set. It is reported to be $55 now, I expect that to raise with this increase and to be in the $65 range when BCV goes on sale.

I believe BCV will offer a very unattractive point schedule and that will bolster the demand for OKW and BWV resales.

"From each according to his ability, to each according to his needs", Karl Marx,This has failed every time it has been tried, why do we still have liberals?

[Lisa F]

we went to the open house with some friends of ours who were interested in buying. When we were talking to the guide, he indicated that WL was selling out even faster than they had anticipated and they were going to be taking measures to try to slow sales a bit so that they would have something to sell for longer. I guess reducing MB and raising the price is it. I'm not sure how much a $3/point increase will slow sales though... when I did the math, sure, it saves you a few hundred $$, but at the same time if you REALLY want DVC and you REALLY want WLV, will you let that stop you?

Lisa

"You employ stone, wood, and concrete, and with these materials you build house and palaces. That is construction. Ingenuity is at work. But suddenly, you touch my heart, you do me good. I am happy and I say 'This is beautiful.' That is architecture. Art enters in."
-Le Corbusier

[IslandHap]

I agree with Lisa.

I think Disney would be pleased if VWL sales cooled a bit. They don't want to be left without a WDW DVC resort untill BCV opens. Then again, this could have the opposite effect, with more people buying now to "lock in" at a lower price.

On the other hand, they might be trying to see what the "market will bear". If this is the case, look for one or two additional increases before the end of the year.

Just my $.02. :rolleyes:

[PamOKW]

I think it's a combination of factors. Also, if they start these small increases the jump from $75 to $85+ won't be as obvious. ;)

[Donna]

My guide called me last week since he knew i wanted more points at HH, to advise me of the price increase and MB changes. He confirmed to me the reason was WLV is selling too fast and there will soon be nothing to sell if it keeps at the current pace. It will be sold out LONG before BCV are ready to sell. by the way, i got a great deal at HH; purchased 100 points from 2000 use year, sold back 50 of those, get another 100 in my upcoming use year and with my CM discount, comes to about $55-56 per point! can't beat it! donna :eek:

Donna
DVC, CM

[sumessefui]

Is it not amazing that not that long ago Disney was doing all they could to offer icentatives to buy DVC contracts.

[baileybrad]

At what point will the serious slowdown in the economy start to have some impact on folks buying into the DVC. It seems at some point that it would, so why would Disney be so confident to continue to raise the prices so quickly. I know that they can do anything they want regarding the prices but at this rate they are going up faster than the economy is slowing down. Just a thought. It does make sense that the availability at VWL is selling so fast that price doesn't matter.
But it would also seem that the increases would just about wreck the sales at slower movers VB or HH.

[msdis]

Disney does NOT care if VWL sells out tommorrow, because.............they are going to start pre-selling BCV long before anyone can even stay there. No names, but heard it from a guide this week.

[ohioMickey]

Then hopefully the guides wont be affected by the downsizing afterall

off site 05/90
DxL 05/00
WL 09/00
Polynesian 05/01
VWL 12/01 -- DVC owners!!

[dianeschlicht]

Florida law prevents Disney from selling BCV TOO early. There is some sort law about compltetion and when they can start selling. They could take pre orders for VWL before they were done, but no one could close until they were complete, so no real money exchanged hands until then.

Disneydiane http://members.aol.com/_ht_a/vltdisney/mickey36.gif http://www.dreamsunlimitedtravel.com/images/official_logos/keywest.gif

[Lisa F]

In the state of florida, you need a certificate of occupancy before you can actually start selling a timeshare. Disney can do a little bit to move up BCV like they did with VWL but there is only so much they can do.

Lisa

"You employ stone, wood, and concrete, and with these materials you build house and palaces. That is construction. Ingenuity is at work. But suddenly, you touch my heart, you do me good. I am happy and I say 'This is beautiful.' That is architecture. Art enters in."
-Le Corbusier

[Doctor P]

How quickly we forget :) Remember that although they began selling VWL early, sales did not begin until after the resort was open for cash visitors!

http://www.dreamsunlimitedtravel.com/images/official_logos/keywest.gif

[vernon]

Bailey, do you not think that with the declining stockmarket in the US, which many "experts" are still saying is over valued, low interest rates ( which are looking like going lower) and an avalanche of cash sitting around (from figures released last week) these suggest that there are a lot of "cash rich" people out there wondering what to do with money they have taken out of stocks and shares.

IMHO an "investment" like DVC looks a great place to invest some of that money. The increase in asset value has been pretty good, while I don't agree with the practice renting points shows a pretty good rate of return on investment and it's a chance for people to enjoy some of their money for years to come. All this and save money in the long run.
I think IF the US hits a major downturn ( and I'm still not convinced of that) then people with funds ( and there are plenty of them) are going to look for other ways to make their money work harder for them, prepaying holidays looks a good option in that case.