After the Duration of DVC contract?

[nakraza]

I am a DVC owner.
After the duration of DVC contract of 50 years, do we have to buy the points again from Disney to use the points? if so, are we going to pay special price per point?

 

[chalee94]

after the DVC contract expires, you should plan to be left with nothing unless you buy in again.

but even 2042 is a long time away...

 

[nakraza]

Thank you

 

[CarolMN]

There is no guarantee that you will be able to buy in again.

After the DVC contracts end, the DVC resorts revert to Disney - FWIW< they never gave up the ownership of the land the DVC resorts sit on.

Disney can do whatever they choose with the DVC resorts at that time - including tearing them down, selling them or operating them as a wholly owned Disney resorts. Disney has no obligation to keep them as a timeshares.

 

[Antonia]

I'll be 82 when my contract expires. I may even be dead. Doubt I'll worry too much about those points then.

If I'm still alive, I say let the next generation buy some points and take ME to WDW!!!!

 

[jmhazlett]

Old Key West will be interesting in 2042. The owners were offered a deal to extend membership to 2057. I believe less than half took Disney up on that. I didn't do it because for the amount of additional cash they wanted it made no sense. So in 2042 you will have some owners that will still have their points and Disney will own the rest.

 

[joandegennaro]

Old Key West will be interesting in 2042. The owners were offered a deal to extend membership to 2057. I believe less than half took Disney up on that. I didn't do it because for the amount of additional cash they wanted it made no sense. So in 2042 you will have some owners that will still have their points and Disney will own the rest.

I'm wondering what that will do the the MF's for those of us who have the extended contract since so many members will no longer be paying. There is a limit on how much they can go up per year isn't there. Will Disney start 5 years out of 2042 and increase OKW dues the maximum each year? I know its hard to predict what Disney will do but the thought just popped into my head after reading this thread.

 

[jlewisinsyr]

I'm wondering what that will do the the MF's for those of us who have the extended contract since so many members will no longer be paying. There is a limit on how much they can go up per year isn't there. Will Disney start 5 years out of 2042 and increase OKW dues the maximum each year? I know its hard to predict what Disney will do but the thought just popped into my head after reading this thread.

But remember the dues members pay are only the apportionment of the maintenance and taxes which they own. So the portion or percentage of the resort that returns to Disney will be then Disney's responsibility to maintain. If Disney intends to resell, then DVD will be required to pay that portion (as they do now with unsold resorts) or if they go into Disney's CRO inventory they part of the room rates will cover the maintenance, similar to how shared resorts work (ie. BCV/Beach Club Resort).

 

[joandegennaro]

But remember the dues members pay are only the apportionment of the maintenance and taxes which they own. So the portion or percentage of the resort that returns to Disney will be then Disney's responsibility to maintain. If Disney intends to resell, then DVD will be required to pay that portion (as they do now with unsold resorts) or if they go into Disney's CRO inventory they part of the room rates will cover the maintenance, similar to how shared resorts work (ie. BCV/Beach Club Resort).

Did not know how this worked so Thank you!

 

[Dean]

I am a DVC owner.
After the duration of DVC contract of 50 years, do we have to buy the points again from Disney to use the points? if so, are we going to pay special price per point?

DVC hasn't formulated a plan, at least that they have shared with us. There are a number of choices they have. The reality is though that there is a drop dead date on all contracts and when that date hits, owners will be non owners without options. The other reality is that that there are not enough rooms to be able to use all UY points those last couple of years. I think the best guesses as to how they will handle this reality fall into the following options, or a combo of options.

• Use the lottery or special season preference list
• Give members the ability to opt out of usage and therefore, fees, the last year or 2.
• Allow a free for all but then only require payment of fees on the points actually used.
• Pro rating all members, least likely of these options in my view mostly because of the variability of contract sizes.
• Collect all fees and still allowing the free for all for reservations, also not likely.

I think the second one will be the most likely then the first if it's needed to trim the total points further. Some have said that DVC will just let us use the resort another year or so to use up the points, but I can guarantee you that won't happen other than possibly at OKW for the 2042 owners or any other resorts with a combo of extended and non extended contracts and if so, there will certainly be an extra fee. I would expect this to be finalized about 2037 but may not be openly discussed with the members until 2038 or early 2039 unless it's tied to some type of extension option.

 

[Dean]

But remember the dues members pay are only the apportionment of the maintenance and taxes which they own. So the portion or percentage of the resort that returns to Disney will be then Disney's responsibility to maintain. If Disney intends to resell, then DVD will be required to pay that portion (as they do now with unsold resorts) or if they go into Disney's CRO inventory they part of the room rates will cover the maintenance, similar to how shared resorts work (ie. BCV/Beach Club Resort).

True to a degree but not necessarily a protection for the remaining members. Take OKW, say DVC takes possession of the points that expire and closes down half of it. The remaining common areas and open/owned portion are still going to be the responsibility of the members and the amount per point is likely to be higher. Also, DVD has the option of not paying dues on the points they own if they indemnify against certain overages in a given year. One thing for certain, DVD will not cont to pay full fees on such a large chunk of points over several years.

 

[rhax07]

We purchased relatively young (27) and are hoping that by the time we're even close to our 50 years, we'll have already passed it on to our children/grandchildren!

 

[dmancuso]

Tear them down and start over.

 

[LadyLvsTramp]

It would be wonderful if they offer us something by us I mean my kids I will be long gone by the time our expires we got it for something to pass on and hope our grandchildren will enjoy their times at disney with our children.

 

[MickeyMaud]

Has anyone heard if you can still purchase an OKW extension? I would like to be able to hand this fun down to my grandchildren.

 

[delmar411]

Has anyone heard if you can still purchase an OKW extension? I would like to be able to hand this fun down to my grandchildren.

you can still buy the extension because any OKW points bought direct from DVC are the extended ones. Last I heard it was $25/pp to extend your points but they may have changed it.

Although did you decline the extension when it was offered? That may impact whether or not you would be allowed to extend.

 

[DVC92]

Remember, in the near future, the MFs for 2042 and 2057 members will be different with respect to the reserves. Unfortunately, DVC has failed to share information as to its implementation with the membership.

 

[Carl'n'Ellie'sDad]

Hmmmm...the soonest anyone will have to worry about their contract running out is a few years before 2042, which is thirty-one years from now. Thirty-one years ago was 1980. Here are some words that no one would have understood in 1980...

Twitter, Facebook, LOL and any other textspeak, tablet computers (like the one I'm typing on), smart phones...
Euros, Paypal, eBay, EFT, Discover, Visa? (might be wrong on this one by a few years, but I think it was still Bank Americard in 1980.)...
Czech Republic, Osama bin Ladin, Berlin without a "direction", Yeltsin, Chavez...
and more importantly for this discussion...
World Showcase, Stormalong Bay, Disney Studios Park (with or without MGM ), Kilamanjaro Safaris, Splash Mountain (someone correct me if I'm wrong on this one)

The point is, only the good Lord knows if in 2042 we'll have robot surgeons running on fusion power, or if we'll be eating roots and twigs. Whatever tentative plans DVD has for winding down, reorganizing, or redeveloping the DVC resorts will be torn up and redrawn five or six times at least over the next three decades. Personally, I'm hoping my kids rebuy into the new Saratoga Springs at $9,990/point because of the new DTD antique monorail, just for Disney fans who get transporter-nausea, and take me on a trip for my eight-fifth birthday, but we'll see what we get.

 

[heynowirv]

I'll be 88 ,my wfe will be 83 in 2042 . It's safe to say we're not thinking about the end of our OKw contract. now we also have 2 small SSr contracts that expire in 2054,,, So we'll just have to celebrate my 100th birthday and say goodbye to DVC that year.