DVC RESALES
DVC RESALES

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Old 04-19-2013, 10:15 AM   #151
Minniesgal
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Originally Posted by Fignewtons View Post
Good-day community.

Just joined and thought I would weigh in a few thoughts. I am in the process of putting some offers on some resales and jump into this ownership thing called DVC. My spouse and I looked at this for years, but feel now is a financially safe time for us to do it, even though our children are mature teenagers.

I have read many posts on the financial consideration of ownership. I struggle with many of these opinions my self. I like to equate it to the comment about a vehicle. Buying a timeshare is expensive, and does have maintenance. But so many people in the world just spend 30-50k on a vehicle without a second thought and it depreciates like mad. I know many owners of cottages, and yes, there is a real estate investment, but the cost and headache to maintain is quite expensive.

To me ownership is something you need to be able to afford, and plain and simply want (just like you want that BMW SUV). I did not do a single calculation on whether I should own or buy an RRSP, these are two different lines of thought. I put money away into a pension, and for this I am buying some 'fun' to add to my life. The only financial consideration that I am doing the math on, is how much I should start with, and then work towards adding on, so I do not accumulate debt.

I also looked at the rental option, but I guess I am more of a buy person. To me and my spouse, this is exciting to own and plan a trip a few times a year. I don't think it will ever make sense financially, but I do not think it will be total money down the drain like blowing 10k at a casino. There is value in ownership.

I am awaiting an offer going through and then the ROFR process, and then I am going to vacation the heck out of Disney and start to slow down from my job a little.

It is not a financial choice to us, its a 'want' to add a different quality to our lifestyle and a change.

I want to thank all those who contribute on these boards and how much information it has given us... it has been great.

We are staying in a SSR rental in May and hope to own for our anniversary trip in October.

Good luck in your decision. I know it was a long one for us.

Doug J
(for all those great white northers) - how's it going eh?
ps. sounds like a good buy with 2012 points, I would be interested in it?
So very well said, you don't buy a timeshare because it is a financially sound decision. You buy a timeshare because you can afford to, and by getting the best deal you can, after making those sound financial decisions in the other areas of you life and you do it because heck everyone needs to live a little!
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Old 04-19-2013, 10:36 AM   #152
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I think it's smart to analyze any such purchase but I'd contend that "garbage in, garbage out" applies here.
I think this point is so important it is worth repeating for emphasis. If someone doesn't use reasonable assumptions, their analysis is going to be misleading. Nobody else pays for this except the one making the decision. I see no benefit to telling people that they could or could not make their numbers work or whatever. So ultimately, using reasonable assumptions, maybe a range of possibilities, is the only way to make an analysis worthwhile.

I've learned that people buy into DVC for all kinds of reasons and expectations. Many don't make any sense to me, but that's OK because it isn't my purchase. For me, I knew we were planning to vacation regularly at Disney and stay in DVC or similar facilities. I didn't need to buy DVC to do this, I could rent points or do cash reservation. So the entire decision came down to whether I could save money on this lodging by buying DVC. Other people have different considerations, but for me, it was all about whether this would cost less than renting. When people say things like "you can't save money with DVC" or "nobody saves money buying DVC" or "DVC is a bad financial decision for almost everyone", I know they either haven't seriously looked at it or are making bad assumptions. It is possible that for their own situations it doesn't work out. But to believe that is true for everyone is inaccurate and almost certainly reflects your point that if you put garbage in, you'll get garbage out.
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Old 04-19-2013, 10:39 AM   #153
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Originally Posted by Minniesgal View Post
So very well said, you don't buy a timeshare because it is a financially sound decision.
I do. I could stay at WDW and even all the DVC resorts if I wanted to without buying DVC. If it weren't a financially sound decision, I wouldn't have done it. I realize others have different considerations but for me it was all about saving money on lodging over the long run.
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Old 04-19-2013, 10:46 AM   #154
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Originally Posted by bighoo93 View Post
I do. I could stay at WDW and even all the DVC resorts if I wanted to without buying DVC. If it weren't a financially sound decision, I wouldn't have done it. I realize others have different considerations but for me it was all about saving money on lodging over the long run.
what i meant was you don't go on holiday to save money, you stay at home
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Old 04-19-2013, 11:11 AM   #155
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dvc Property taxes

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I do too.
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Originally Posted by LisaS View Post
This article suggests that provided the property taxes are either directly billed to you or separately stated on your maintenance fee billing, they are deductible. DVC has a line item for the actual property tax paid on the annual dues bill.
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They is a seperate line item on the DVC bill. I deduct them from my taxes just like my property tax at home.
Can anyone share the tax amount per point (and which dvc)? Or direct me to where this info. can be found for each dvc property? TIA!
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Old 04-19-2013, 05:46 PM   #156
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Are you an owner? It's on the annual dues statement you received at the beginning of the year. Shows what you paid as estimated last year and what actuals were, and credits you the difference (usually it seems to go that way, but not always of course).
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Old 04-19-2013, 05:49 PM   #157
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Can anyone share the tax amount per point (and which dvc)? Or direct me to where this info. can be found for each dvc property? TIA!
If you no longer have your dues bill, log in to the DVC member site. Look up your dues statement online. The 2012 Actual Property Tax amounts you paid are listed for each resort you own right on your statement.

I listed the step by step instructions in this post: http://www.disboards.com/showthread.php?p=47193674

and also here: http://www.disboards.com/showthread.php?p=47335367
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Old 04-19-2013, 06:14 PM   #158
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Wow. I've been following this thread off and on since the beginning, and it's starting to remind me of the infamous "emu leg" thread that was forcibly retired years ago.

I'm so glad we bought 15 years ago when there were only two resorts to choose from, we didn't know anything about the resale market, and we didn't feel that we needed to do a formal financial analysis. All we knew was that we had come to WDW for 4 years in a row, it was obvious to us that we were going to come every year for many more years, DS and DD were getting to be too old for all four of us to share one hotel room, even at the Poly, in comfort, and hotel rates were rising every year. That made the decision very easy, and DVC is the best purchase we ever made for our family. Looking forward to bringing DGD (5) for her first trip in January!
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Old 04-19-2013, 07:28 PM   #159
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Wow. I've been following this thread off and on since the beginning, and it's starting to remind me of the infamous "emu leg" thread that was forcibly retired years ago.


I wasn't around for that, but it was worth the googling!
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Old 04-19-2013, 07:28 PM   #160
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Originally Posted by vicki_c View Post
Are you an owner? It's on the annual dues statement you received at the beginning of the year. Shows what you paid as estimated last year and what actuals were, and credits you the difference (usually it seems to go that way, but not always of course).
Quote:
Originally Posted by LisaS View Post
If you no longer have your dues bill, log in to the DVC member site. Look up your dues statement online. The 2012 Actual Property Tax amounts you paid are listed for each resort you own right on your statement.

I listed the step by step instructions in this post: http://www.disboards.com/showthread.php?p=47193674

and also here: http://www.disboards.com/showthread.php?p=47335367
No, I'm not an owner, but looking for more reasons to buy in /waiting for it to be financially viable for us.
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Old 04-19-2013, 11:28 PM   #161
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Can anyone share the tax amount per point (and which dvc)? Or direct me to where this info. can be found for each dvc property? TIA!
I don't have the specific information in front of me, but memory suggests that the 2013 estimated property taxes are in the $0.50 - $0.80 per point range depending on the resort(s). I'm sure someone can offer some exact numbers for the property tax component of the annual fees.
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Old 04-20-2013, 07:36 AM   #162
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I've said multiple times that buying a small contract would be worthwhile since you'd gain the small benefits of owning at a low cost point. I don't know why my making an offer on a 50 point contract would be a surprise...but I'm glad so many are interested and following my posts.
I think there is a small subset of people where buying a smaller contract makes sense. These generally fall into 3 groups which include those who live close and go for short trips, those who stay off property (maybe with other timeshares) and want a couple of days on property at times and those where the short term perk benefit is so overwhelming. The latter generally includes very small contracts where multiple family households are included in one to take advantage of the pass discounts. I also know people that stay off and get a night at a time in a studio and use the room as a respite during the day, for pool access and at times, for the DP. The situation that I generally don't think makes sense is to buy small now with the idea of adding on again soon but it does depend on the specific situation. I think it's generally best to save up and buy what you need at one time.
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Old 04-20-2013, 08:07 AM   #163
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Personally think buying several smaller contracts at different venues allows for change - downsizing. I see MANY of these HUGE contracts for resale and wonder who has 50K or more plunk down on 500 or 700 pts. They do sell for peanuts on the pt because the market for them is so small. It would be much easier to unload several smaller contracts at a higher per pt cost then one huge one. Figure it's probably estates selling them - do the kids a favor and buy smaller contracts so they can settle the estate and move on.
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Old 04-20-2013, 08:50 AM   #164
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Wish we had asked to break up our original contract that we bought direct - 200 points. But, luckily it's not THAT huge should we ever wish to sell. Which is doubtful since we are in the process of doing the opposite - adding on!
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Old 04-20-2013, 09:09 AM   #165
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I am curious that since David's is now charging $14 per point for rentals, will the private rental prices increase from the $11/$12 range? How does that affect the renting vs. owning comparisons?
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