2024 DVC Annual Dues - Check Your Mail!

[AstroBlasters]

If I owned VDH and knew it was going to support DL workers earn a living wage I'd feel completely fine with that. We'll see how things go in the coming years

I agree. I don’t like the idea of people who work hard at a full time job and make my vacation a wonderful experience having to go to a food pantry.

 

[HIRyeDVC]

Not the best day to be a BCV and VDH owner...!

VDH has me completely baffled.

Frustrated to see BCV on the higher end again this year, especially when compared to BWV.

VDH is puzzling for sure. VGC has puzzled me for the past 3 years. But now I see that it's the norm and not an anomaly. I just accepted the fact that it's much more expensive to vacation in CA and HI.

 

[tom1944]

Not sure that's the best way to think about it.

First, BLT has an extra 6 years.
Second, BLT gives you home resort access to a resort many people would want due to proximity to MK and monorail. You can also probably rent out those points more easily and at a higher price.
Lastly, The $6000 is "equity". If you were to sell your ownership in 15-20 years, you can probably get $30/point more for BLT at that time, whatever prevailing resale prices might be, thus recovering the difference in upfront cost (ignoring time value).

I do not disagree with some of that but the dues at $100 a year less is not a valid reason in my opinion, and I am considering BLT very strongly.

What it has working against it is so far the home resort advantage has not seemed to get me a better room than I am getting at 7 months. If I am not getting the advantage at 11 month and can get the access, I need now for savings of $6000 or more than the $100 is a rounding error.

I never plan to rent points. I do not plan to sell and at 2060 I will be 102 so I am not concerned about the extra 6 years.

The immediate savings on the contract is more important than the $100 a year savings on dues.

 

[UrsulaWantsYourSoul]

VDH is puzzling for sure. VGC has puzzled me for the past 3 years. But now I see that it's the norm and not an anomaly. I just accepted the fact that it's much more expensive to vacation in CA and HI.

I’m hoping they have significantly funded for an amazing full refurb at VGC when it happens in 2024 or 2025.

 

[HIRyeDVC]

What it has working against it is so far the home resort advantage has not seemed to get me a better room than I am getting at 7 months. If I am not getting the advantage at 11 month and can get the access, I need now for savings of $6000 or more than the $100 is a rounding error.

what do you consider a "better" room? For sure, it hasn't always been super easy to book SV BLT rooms at 11 months, or Hotel rooms at Aulani. But it's not a dog fight like AK club level. I've never NOT gotten SV rooms the last 3 years.

 

[tom1944]

For BLT the 1-bedroom standard room. Not that it matters my wife likes the Lake View better anyway.

 

[maui22]

I like to look at what a week in a deluxe hotel room would cost (even with Disney's current 25% off discount for next spring). In our case, our dues for all our points would only give us 5 nights in a hotel room at the cheaper of the hotel/resorts we own at.

Instead our DVC points provide us 3 full weeks at Disney World every year. 5 nights vs 21 nights for roughly the same price.

Another bit of fun, I look at what the week of hotel taxes are then multiplied by 3 (21 nights of DVC vs 21 nights in hotel). In our case, 21 nights in a hotel room, the taxes alone would be over 40% of what we pay in annual dues.

 

[HIRyeDVC]

I like to look at what a week in a deluxe hotel room would cost (even with Disney's current 25% off discount for next spring). In our case, our dues for all our points would only give us 5 nights in a hotel room at the cheaper of the hotel/resorts we own at.

Instead our DVC points provide us 3 full weeks at Disney World every year. 5 nights vs 21 nights for roughly the same price.

Another bit of fun, I look at what the week of hotel taxes are then multiplied by 3 (21 nights of DVC vs 21 nights in hotel). In our case, 21 nights in a hotel room, the taxes alone would be over 40% of what we pay in annual dues.

You should try the math for Aulani. Room rates, even with kamaaina / military discounts often go for ~$700-1000 a night for a hotel room that sleeps 4. With DVC, I can stay for 14+ nights with my 260 points. If I paid cash, I'd pay ~$10k in a year. With DVC, I pay ~$1800 in dues. Of course I spent $30k purchasing the contract. We all do mental gymnastics to justify our purchases, one way or another.

 

[DanCali]

I have 2 trips to Aulani next year using these points and wouldn't have been able to grab the hotel room category without them

This also applies to the 2BR units during some times of the year. HI is the one place I'm more readily willing to splurge on a larger room with a better view, but looking at the stay we booked for June (still beyond 7 months), all the 2BR units in all view categories are no longer available. The only thing I could get at this point is a 1BR OV and that may also be gone by the 7-month mark.

 

[AstroBlasters]

I’m hoping they have significantly funded for an amazing full refurb at VGC when it happens in 2024 or 2025.

Our next VGC trip should be in Nov 2024… so I am crossing my fingers it will be done by then!

 

[Genie+]

Is a good part of yearly % fluctuations due to refurb cycles? BRV and BWV are both coming off hard refurb and both saw below average increases.

Other per point cost differences too, like to run resorts and pay transportation, etc. We’re pretty new to this as recent BWV/VGF owners and the estimated 2024 ad valorem tax is quite different per point, $1.64 and $2.02 respectively. Maybe an excessive marble tax added to Grand Flo?

 

[DanCali]

My overall takeaway is that an aulani subsidized doesn't seem to be as worth it, especially if you're just using them for SAP. I'd rather find a good deal on BLT.

The Aulani debates generally revolve around the SAP issue (e.g., Aulani vs a WDW resort) or the subsidy issue (Aulani subsidized vs non-subsidized).

In regards to the first issue, a 50c per point difference in dues is just $100 savings on 200 points so 10c, 20c or even 50c per point on the dues are not going to make or break things, and 2024 is just a snapshot in time. Looking at the board sponsor's website (https://www.dvcresalemarket.com/buying/annual-dues/), the growth rate in dues at BLT has historically been substantially higher than Aulani, so if things even out a bit in 2024 that's probably normal. Nobody should make a decision based on one year or one snapshot, and there are probably other factors that matter more. We bypassed that issue altogether by owning multiple resorts, so WDW availability is not an issue.

Regarding the Aulani subsidized vs. non-subsidized, large increases in dues, will make the subsidy more valuable. In fact, at 4% average annual dues increases and 5% opportunity cost the value of the subsidy is about $78/point as of 2024. This is not saying what a contract should sell at, but rather that if a non-subsidized contract sells for $X/point, paying up to $78/point more for the exact same contract (same # of points, and same stripped/loaded status) but with the subsidy would be financially justified. Obviously, larger unexpected dues increases may also reduce the resale values for both types of contracts. The subsidy value is higher (lower) if the percentage increase in annual dues is higher (lower), and the subsidy value is lower (higher) if your opportunity cost is higher (lower). Those are really the only two inputs you need to figure out the value of the subsidy, and it's easy enough to do a 2-dimensional sensitivity analysis:

 

[HIRyeDVC]

The Aulani debates generally revolve around the SAP issue (e.g., Aulani vs a WDW resort) or the subsidy issue (Aulani subsidized vs non-subsidized).

In regards to the first issue, a 50c per point difference in dues is just $100 savings on 200 points so 10c, 20c or even 50c per point on the dues are not going to make or break things, and 2024 is just a snapshot in time. Looking at the board sponsor's website (https://www.dvcresalemarket.com/buying/annual-dues/), the growth rate in dues at BLT has historically been substantially higher than Aulani, so if things even out a bit in 2024 that's probably normal. Nobody should make a decision based on one year or one snapshot, and there are probably other factors that matter more. We bypassed that issue altogether by owning multiple resorts, so WDW availability is not an issue.

Regarding the Aulani subsidized vs. non-subsidized, large increases in dues, will make the subsidy more valuable. In fact, at 4% average annual dues increases and 5% opportunity cost the value of the subsidy is about $78/point as of 2024. This is not saying what a contract should sell at, but rather that if a non-subsidized contract sells for $X/point, paying up to $78/point more for the exact same contract (same # of points, and same stripped/loaded status) but with the subsidy would be financially justified. Obviously, larger unexpected dues increases may also reduce the resale values for both types of contracts. The subsidy value is higher (lower) if the percentage increase in annual dues is higher (lower), and the subsidy value is lower (higher) if your opportunity cost is higher (lower). Those are really the only two inputs you need to figure out the value of the subsidy, and it's easy enough to do a 2-dimensional sensitivity analysis:

View attachment 808196

Love the math but I never needed it to know that my Aul Sub is the unicorn of unicorns. It has become my favorite contract, even more than VGC.

 

[UrsulaWantsYourSoul]

Our next VGC trip should be in Nov 2024… so I am crossing my fingers it will be done by then!

Getting close to time to book that - yay!
For the refurb I’m assuming Murphy beds. Also hoping for more lighting (for those that like the rustic cabin look they can just not turn them on. Haha). Less chunky furniture And maybe a hair (hare?) more Disney IP. So many forrrrest creatures couldn’t be subtlety included. . Hopefully not as decals

 

[CarolMN]

@pkrieger2287 - THANK YOU!

I wonder how they did on estimating the property taxes. Maybe we'll owe a bit more or a bit less.

 

[FFMickey]

Our next VGC trip should be in Nov 2024… so I am crossing my fingers it will be done by then!

I hope so too, we're heading there in Dec 2024.

 

[intamin]

Getting close to time to book that - yay!
For the refurb I’m assuming Murphy beds. Also hoping for more lighting (for those that like the rustic cabin look they can just not turn them on. Haha). Less chunky furniture And maybe a hair (hare?) more Disney IP. So many forrrrest creatures couldn’t be subtlety included. . Hopefully not as decals

View attachment 808200

I’m ready for the VGC, AKL and AUL refurbs. They haven’t said anything about any of those yet right?

 

[HIRyeDVC]

I’m ready for the VGC, AKL and AUL refurbs. They haven’t said anything about any of those yet right?

VGC and AKL is up for refurbs in 2024. Aulani just had a soft goods refurb in 2021 so next hard goods refurb won't be until 2028.

https://dvcnews.com/wdw-resorts/polynesian/5196-dvc-resort-refurbishment-tracker

 

[Cyberc1978]

@pkrieger2287 - THANK YOU!

I wonder how they did on estimating the property taxes. Maybe we'll owe a bit more or a bit less.

According to https://dvcnews.com/dvc-program-men...-adjustments-for-disney-vacation-club-resorts

Then we all or most of us owe money.

 

[AnnaKristoff2013]

Yikes VB.. 13.86.. almost an 8% increase and over a full dollar more than last years

Vero Beach is going to drop to an effectively $0/worthless resale value resort significantly before the contract expires at this rate. It may drop to “worthless” status in the next 3 years or so if this rate continues.