What's with the year 2042 ???

Discussion in 'Purchasing DVC' started by KNWVIKING, Mar 7, 2001.

  1. KNWVIKING

    KNWVIKING DIS Veteran

    Joined:
    Jan 8, 2001
    Messages:
    4,157
    I'm new to this board and have been reading that all ownerships expire in 2042. Is this so. I bought into OKW I thought all ownerships were for 45 yrs. If I buy Beach Club in 2002,will it be a 40 year ownership ?
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. drusba

    drusba I went to Iowa once, and it was closed.

    Joined:
    Aug 19, 1999
    Messages:
    9,574
    All DVC ownwership rights end January 31, 2042, regardless of when or where you buy. That was actually set up initially as a 50 year period for OKW as it went on sale in late 1991; and of course it is now only a 40 year period. BCV will likely be subject to the same end date.
     
  4. KNWVIKING

    KNWVIKING DIS Veteran

    Joined:
    Jan 8, 2001
    Messages:
    4,157
    So they raise the price of points but your getting less years ? Sometimes I wonder why I'm hooked on Disney.
     
  5. Firefighter Mickey

    Firefighter Mickey DIS Veteran

    Joined:
    Dec 29, 2000
    Messages:
    970
    Disney actually has a longer lease period than similar timeshare lease set ups. Many others are in the 20 or 30 year range.

    One of the reasons sometimes cited by people that decide not to purchase is the fact that 40 years is too long a time period.
     
  6. PamOKW

    PamOKW <font color=green>The two most important items for

    Joined:
    Aug 18, 1999
    Messages:
    10,561
    Nothing is set in stone yet with BCV. There is an outside chance it could be the start of a new DVC-like group and might have a different end date. Just speculation but a possibility to consider.

    It is pretty amazing that even though the use time gets shorter the price goes up! Glad I also own Disney stock. ;)
     
  7. Peter Johnson

    Peter Johnson <a href="http://www.wdwinfo.com/dis-sponsor/index.

    Joined:
    Oct 14, 1999
    Messages:
    415
    When we first joined in '92, we wondered how long it would be before the price started to drop as the usable time got shorter. We figured the price would have to level off within the first 5 years or so, then start down.

    Boy, were we naive! :eek:

    Peter and Syl
    DVC (OKW) '92, VB '95
    Going to OKW May 19-30 and Dec 8-19 :)
     
  8. Mouse Ears

    Mouse Ears Mouseketeer

    Joined:
    Jul 31, 2000
    Messages:
    199
    When I was doing a rudimentary financial analysis of DVC point values over time, it showed that the intrinsic value of points will continue to increase for some time still. The turning point where the value of the points starts declining is not until 6-10 years out from the end depending on your assumptions for inflation, increasing resort prices, and increasing dues. The turning point seems to be directly related to the break-even period which makes sense.

    I suspect that the market will start to anticipate this decline and the price will drop several years sooner. After all, why would you commit to ten years of DVC if the savings are minimal. At least now, you can save for many years and even retain some value.

    I guess I should not have taken so many math courses...I'm feeling rather geeky.
    -ME.
     
  9. Richnj

    Richnj Mouseketeer

    Joined:
    Oct 22, 2000
    Messages:
    108
    In 2042 Ill be in my 80's.Who wants to go to Fla and stay in a 50 year old building. Time to start over with new homes.This time my kids can pay and take old pops with them. Ill also sit back and watch them having trouble with their kids with great delite!
     

Share This Page