Adding on vacation points not through disney

Discussion in 'Purchasing DVC' started by disneybaker, Mar 24, 2013.

  1. disneybaker

    disneybaker Mouseketeer

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    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
     
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  3. MoreTravels

    MoreTravels Mouseketeer

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    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?
     
  4. heynowirv

    heynowirv DIS Veteran

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    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.
     
  5. ELMC

    ELMC DIS Veteran

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    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.
     
  6. MoreTravels

    MoreTravels Mouseketeer

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    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
     
  7. Apps

    Apps Mouseketeer

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    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.
     
  8. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    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...
     
  9. disneybaker

    disneybaker Mouseketeer

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    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
     
  10. dbs1228

    dbs1228 DIS Veteran

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    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
     
  11. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    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...
     
  12. dwight16

    dwight16 Mouseketeer

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    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.
     
  13. Jasonkat

    Jasonkat Mouseketeer

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    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.
     
  14. e46m3

    e46m3 Mouseketeer

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    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.
     
  15. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    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.
     
  16. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    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.
     
  17. nalajms

    nalajms DIS Veteran

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    whoever brought up inflation might have missed the big picture - Disney is a monopoly. And they don't follow the same set of rules as your standard basket of consumer goods.
     
  18. Apps

    Apps Mouseketeer

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    Absolutely. Price should reflect market demand. Shouldn't follow inflation.
     
  19. nalajms

    nalajms DIS Veteran

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    Technically a monopoly is the other way around. The supply and price is set by the monopoly, demand follows the price that's set.
     
  20. Apps

    Apps Mouseketeer

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    Haha. That is true....although i don't believe DVC is a monopoly. They definitely have competition from their own hotels, resales, and neighboring hotels for vacation destinations so if their own price gets out of whack, their sales will decline. :)
     
  21. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    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. The movement in price of those items do not, in and of themselves, prove or disprove the accuracy of the government's inflation statistics.[/QUOTE]The government lies all the time, it's their nature. They cherry pick the parameters to make them look good or to justify a direction depending. Just look at the employment rate, excluding people who were working but are now not but are no longer looking artificially reports that number as far lower than it really is, there are many other similar examples. The medically uninsured group is another, it's over inflated to justify the outcome. That's why you have to look about 2 levels deeper with any given area to get an idea of the real situation.
     

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