40 or 50 years

[DisDads4andOneHalf]

I read a few posts on new BCV buyers and everyone noted congats on 40 years of fun. I own BWV and have always thought it was a 50 year plan? Can anyone confirm if this is so and whether or not the 40 year BCV is just a new plan.

 

[Granny]

All current DVC contracts, including BCV, expire in 2042.

They were 50 years for Old Key West when it began in 1992 (under a different name). 40 years left on that one as well.

So each year that passes, we will continue to welcome home new members for one less year.

 

[BobBrazeal]

It is both. The DVC "ownerships" run through 2042. When it started that meant that it would run for 50 years. There are now 40 years remaining.

 

[DisDads4andOneHalf]

Hi Bob,

I was under the assumption that the 50 years started for the year resort in the year it was added. Does this mean that the entire program goes away after 50 year? If so, why does the cost for the initial buy in continue to increase as the years of worth decreases?

 

[Granny]

Originally posted by DisDads4andOneHalf
Hi Bob,

I was under the assumption that the 50 years started for the year resort in the year it was added. Does this mean that the entire program goes away after 50 year? If so, why does the cost for the initial buy in continue to increase as the years of worth decreases?

In answer to your first question, yes, the program "goes away" in 2042, unless Disney comes up with some sort of extension program (at a cost of course).

Why does price continue to go up? Many would say that anything over 30 years is considered to be of similar value...in other words, a 50 year deal is not worth a whole lot more than a 30 year deal.

A better way to phrase that, is that DVC is still very attractive to people as a 40 year program. For each new DVC resort, construction costs go up over time, inflation, etc. Also, the resort and hotel industry rack rates go up over time, and that is what the cost of DVC is usually compared to.

Ultimately, it is a case of supply and demand. DVC prices go up because people are willing to pay them. Those who bought in the 1990's can sell their DVC points at a profit. Imagine that, using a timeshare for 10 years then selling it for a profit....hard to believe but true!

 

[Dean]

Originally posted by DisDads4andOneHalf
I read a few posts on new BCV buyers and everyone noted congats on 40 years of fun. I own BWV and have always thought it was a 50 year plan? Can anyone confirm if this is so and whether or not the 40 year BCV is just a new plan.

You understanding is wrong, ALL DVC RESORTS end 31 Jan, 2042. Any or all could be extended, we will see.

The reason the price keeps going up is that it can. People are still buying. The price wille eventually go down.

 

[Caskbill]

Obviously the price cannot continue to go up forever. How much could you sell DVC points in 2040?

When will prices start to decline as it nears the end. Who knows. My guess is that when it gets down to about 25 years high prices won't be looking so attractive.

Of course, as other threads the last couple of years have suggested, Disney may decide at some time that new resorts would need longer contracts, thus a DVC II resort plan. That of course is pure speculation, but it does go to illustrate that any number of things could happen in the next 10-15 years that could dramatically affect pricing.

Meanwhile, with 40 more years to go, I'm not going to worry about it now.

 

[Werner Weiss]

As of about a week ago, it's now less than 40 years.

 

[Granny]

Originally posted by Werner Weiss
As of about a week ago, it's now less than 40 years.

C'mon....give us a little rounding for the rest of this year at least!

It's going to be weird to start talking about 39 years more of DVC vacations starting next year....no need to push it even if it's not entirely accurate.