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-   -   Adding on vacation points not through disney (http://www.disboards.com/showthread.php?t=3085329)

disneybaker 03-24-2013 01:57 PM

Adding on vacation points not through disney
 
Does anyone, or has anyone added on Disney points through outside agencies? I want to add maybe 50 more, but Disney wants crazy prices these days, I got in at 90 a point 10 year ago. Now that family is bigger we need more points. Any info will help

MoreTravels 03-24-2013 02:06 PM

There are small resale contracts. Also, with QE money printing, $160 have same purchase power of $90 about 10 years ago, just look at the price of gas and restaurant meal. You will easily spend $160 for a nice dinner for small families, where as a good family meal used to cost $90.

So the price is not crazy. It is the inflation. Worse yet, the money printer has not stopped yet. So what do you think the price would be 5 years from now?

heynowirv 03-24-2013 02:32 PM

Quote:

Originally Posted by disneybaker (Post 47895580)
Does anyone, or has anyone added on Disney points through outside agencies? I want to add maybe 50 more, but Disney wants crazy prices these days, I got in at 90 a point 10 year ago. Now that family is bigger we need more points. Any info will help

There are many resale contracts out there on the market. There are 3 major agencies one of which sponsors these boards.I suggest you look @ them ,know what your UY is and what you need and want to spend. Good luck in your search.

ELMC 03-24-2013 03:50 PM

Quote:

Originally Posted by MoreTravels
There are small resale contracts. Also, with QE money printing, $160 have same purchase power of $90 about 10 years ago, just look at the price of gas and restaurant meal. You will easily spend $160 for a nice dinner for small families, where as a good family meal used to cost $90.

So the price is not crazy. It is the inflation. Worse yet, the money printer has not stopped yet. So what do you think the price would be 5 years from now?

Sorry, but I'm not buying the inflation argument. Historical inflation for the past 10 years has been under 3%. So at 3% the same $90 from ten years ago has the purchasing power of $120. DVC direct prices for new resorts are out of control and make little financial sense compared to the alternatives. But as long as people continue to pay, Disney has no reason not to keep raising prices.

MoreTravels 03-24-2013 04:15 PM

Quote:

Originally Posted by ELMC (Post 47896622)
Sorry, but I'm not buying the inflation argument. Historical inflation for the past 10 years has been under 3%. So at 3% the same $90 from ten years ago has the purchasing power of $120. DVC direct prices for new resorts are out of control and make little financial sense compared to the alternatives. But as long as people continue to pay, Disney has no reason not to keep raising prices.

Official number is 3% according to the government. But everyone knows gas, food, airfare, etc, has gone up a lot more.

In a sense, DVC serves a way to protect inflation but maintenance fees go up too.:scratchin

Apps 03-24-2013 04:21 PM

DVC isn't necessarily governed by inflation. If WDW and Disneyland are better and if the Disney brand has gotten stronger over the ten years, shouldn't the desirability of DVC also gone up proportionately. Markets over ten years should be somewhat efficient so DVC is probably priced right at this time.

chalee94 03-24-2013 04:23 PM

Quote:

Originally Posted by ELMC (Post 47896622)
Sorry, but I'm not buying the inflation argument. Historical inflation for the past 10 years has been under 3%.

that 3% number excludes fuel and food costs right? i know gas is up over 100% overall from 2003 and food probably higher than your 3% per year number...which makes the official government inflation number kinda suspect to me...

disneybaker 03-26-2013 07:58 AM

I called Disney yesterday about points, the advisor told me when you look at closing costs from external contracts the cost is about the same as buying from Disney, I just can't figure out his thinking. 100 points through Disney are $160 a point, or $16,000, with a $1,500 credit and 4 5 day park hoppers, or I could go through a timeshare website, and get 100 points at $70 a point with closing costs and a total of $7435. The other factor is Disney doesn't do credit checks or financing, or at least thy didnt last time, Disney financing never showed up on my credit report

dbs1228 03-26-2013 08:06 AM

Quote:

Originally Posted by disneybaker (Post 47913292)
I called Disney yesterday about points, the advisor told me when you look at closing costs from external contracts the cost is about the same as buying from Disney, I just can't figure out his thinking. 100 points through Disney are $160 a point, or $16,000, with a $1,500 credit and 4 5 day park hoppers, or I could go through a timeshare website, and get 100 points at $70 a point with closing costs and a total of $7435. The other factor is Disney doesn't do credit checks or financing, or at least thy didnt last time, Disney financing never showed up on my credit report

You are correct that buying direct makes no sense AND the incentive from Disney is a 1500.00 OR 4 5 day hopper passes NOT both!. Buying resale will save a lot of money. Disney does do financing at crazy prices which make that 16000.00 much, much more! Good luch

chalee94 03-26-2013 08:19 AM

Quote:

Originally Posted by disneybaker (Post 47913292)
I called Disney yesterday about points, the advisor told me...

the disney "guides" or "advisors" are actually salespeople who are trying to get a commission off your sale. they are not independent of disney and looking out for your best interests.

there's a joke about timeshare salespeople: "how can you tell if they are lying?" "their lips are moving." disney salespeople are better than most, but you'd have to be a sucker to trust that they are giving you straight talk to help you in your specific situation...

dwight16 03-26-2013 09:50 AM

if your just adding 50 points good luck finding a resale contract when they come up for sale they are bid on and often get more then asking. you add in closing costs you are not saving that much compared to your time your waiting. i just added 30 points direct cost 3,000 for the add on i got an email blast for 40 OKW points yesterday stripped for like 70 something a point with 400 in closing. when you add it up your not really saving.

Jasonkat 03-26-2013 12:54 PM

Quote:

Originally Posted by chalee94 (Post 47896940)
that 3% number excludes fuel and food costs right? i know gas is up over 100% overall from 2003 and food probably higher than your 3% per year number...which makes the official government inflation number kinda suspect to me...

Yeah! And check out the prices of big screen TVs over the past 10 years! Oh wait those are down like 90%...

There is absolutely no incentive for the government to lie about the rate of inflation.

Unfortunately I think your point of view is fairly common. It's a damn shame economics isn't taught in High School. We have a country full of people who think they are knowledgeable about economics yet they are completely ignorant.

You can have the following discussion with 80% of the population and it will always be the same:

Do you understand chemistry?
No, I only took one class in high school.

Do you understand economics?
Of course I do

How many classes have you taken about economics?
None.

How many books have you read about economics?
None.

So you admit you don't understand chemistry because you only took one high school class. But you think you understand economics even though you've had no formal schooling and you've never even read one book on the subject.

e46m3 03-26-2013 01:01 PM

Quote:

Originally Posted by Jasonkat (Post 47916346)

Yeah! And check out the prices of big screen TVs over the past 10 years! Oh wait those are down like 90%....how about houses! Oh yeah, those are kinda flat from 10 years ago...

There is absolutely no incentive for the government to lie about the rate of inflation.

Unfortunately I think your point of view is fairly common. It's a damn shame economics isn't taught in High School. We have a country full of people who think they know about economics yet they've never taken one economics class.

You can have the following discussion with 80% of the population and it will always be the same:

Do you understand chemistry? No, you only took one class in high school (at most).

Do you understand economics? Of course you do, even though you've never taken a class in high school or college.

So you admit you don't understand chemistry because you only took one high school class. But you think you understand economics even though you've had no formal schooling on the subject. The obvious question is why do you feel so confident about your understanding of economics?

I took AP Econ in high school and took micro and macro Econ at a top 15 University and got A+ in both. Oh, and I also majored in science that required me to take General Chem, Organic Chem, and Biochem.

I think high school need to teach personal finance.

chalee94 03-26-2013 01:09 PM

Quote:

Originally Posted by Jasonkat (Post 47916346)
Do you understand economics? Of course you do, even though you've never taken a class in high school or college.

i have a masters degree in accounting and a BS in business administration from a top 20 university. passed the CPA exam the first time i took it. got As in my econ classes but i admit it has been a few years.

i might as well assume you are posting from your mom's basement? yes, electronics/computer prices tend to decline...but despite that online econ class you took in between delivering pizzas, i'm not convinced that electronics/computer costs have as much of an impact on day-to-day living costs for most people. fuel and food have more of an impact - if your mom and dad are still taking care of you, your situation may differ...

but if you are still convinced that yours is bigger, go show the nice people down at the police station. i'm sure that they will be suitably impressed.

chalee94 03-26-2013 02:46 PM

Quote:

I still stand by my point that there is no incentive for the government to lie about the rate of inflation. We can cherry pick certain goods all we want, you cherry picked gas and food, I cherry picked big screen TVs.
I “cherry picked” food and fuel because the Fed and Congress typically make policy decisions based on an inflation index that excludes those items. It was hardly random. And again, most people don’t buy big screen TVs every year, but food and fuel costs are always an issue in real life – I hope you eventually start to understand that distinction, but suit yourself...

So what would happen if the government included food and fuel costs in their index and was forced to report a higher number for inflation?

I believe the Fed typically tries to combat rising inflation by taking steps that raise the (Fed funds) lending rate. That will typically lead to higher borrowing costs for companies (do you think that might impact hiring and employment numbers?) and indirectly lead to higher rates on home loans (do you think that might hurt the housing recovery?)

I get that the government would want to avoid too much volatility in the inflation numbers but at some point, you’d have to admit there has been a real increase in cost. So I’ll continue to be a little suspicious that the government excludes certain numbers to avoid being forced into policy decisions that neither party wants at this stage of this kind of slow economic recovery (I think this inflation indexing adjustment started during “stagflation” in the 70s but feel free to correct me). No big conspiracy but I think an educated case could easily be made that a more “real-world” number would limit the options of the policy makers to some extent…and that’s why they do it that way. And why I don’t put a lot of stock in their number.

And even people with a high school education can be right once in a while. It’s better to just make your argument without making *** umptions.


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