Any idea when we will be able to borrow 100% of our next UY’s points again?

[Sandisw]

I'm interested in more information about your take on this. I have a June UY at HHI, so I will get my last points in 2041. Are you thinking that say in 2038, I won't be able to borrow 2039 points? Or do you just think that I wouldn't be able to bank 2039 or borrow 2041 into 2040? I know this is a long way off, but I'm really curious in how this will all go down.

Correct. But as Carol said, we are a long way off, but I do see them limiting in some way. The other piece that could happen is they remove them from BVTC a few year ahead of time...especially VB and HH.

All speculation on my part, but as those near the end, they will have to consider the balancing of things when 5 resorts and part of the 6th one end.

 

[zavandor]

I am sure, but the question was can they do it and the answer is yes.

One needs to understand that banking and borrowing are not guaranteed and while I do not think they would ever make it a permanent change...it’s a legal move

Honestly, it think that the last 3 years of the 2042 resorts will prevent any banking and borrowing.

I agree on banking, but they still should allow borrowing. Otherwise someone with a December UY will be able to use their points only in December 2041 and January 2042, they would be at great disadvantage.
Allowing borrowing but not banking allows also to remove a few points from the last UY, making it easier to everyone to use their points.

 

[DisneyStarWisher]

Correct. But as Carol said, we are a long way off, but I do see them limiting in some way. The other piece that could happen is they remove them from BVTC a few year ahead of time...especially VB and HH.

All speculation on my part, but as those near the end, they will have to consider the balancing of things when 5 resorts and part of the 6th one end.

What is BVTC?

 

[Sandisw]

What is BVTC?

Buena Vista Trading Company. In order to book at the other DVC resorts, the resort has to be part of the clubs,

BVTC is the one who oversees this for members and sets all the rules and regulations for it,

Technically, any resort can be deleted and once it is, the owners of that resort can not exchange into other DVC resorts.

This is not something that can be different for resale vs, direct because the resort is either in or out, when talking about all original DVC.

So, if they decided to remove the resort from the club, then owners would be restricted to their home resort, It would be extremely rare for them to do it, but again, it’s like banking and borrowing. Many owners had no idea those could be changed. It’s the same with the ability to convert home resort points into DVC vacation points which is what allows one to book at other DVC resorts

RIV is the first one to enter with different rules, restricting resale points not eligible to be converted.

 

[CarolynFH]

DH and I were talking about this last night. There are many questions to answer, and we hope we'll be around to find out what DVC does.

In September 2041, will we get 300 BWV points or 5/12 of 300 points, since our 2041 UY will only be 5 months long?

What about 2042 MFs - will we have to pay 1/12 of the projected 2042 operating expenses for BWV since the BWV Condo Association will cease to exist on 1/31/2042 and won't have any responsibility for operating BWV after that? Will BWV itself shut down on 2/1/2042, to be renovated and resold?

And of course there's the banking and borrowing questions others have posted above. It sounds logical to let us borrow and use points in an earlier UY - but would that unbalance availability for owners of other resorts? I agree with Sandi - they might remove BWV and the other 2042 resorts from BVTC at some point and restrict us to staying at our home resorts, so they only have to balance each resort's owners' rights of access.

I don't expect any answers to these questions in the next ten years, but I hope that by 2032 we do have some answers and guidance from DVC.

 

[jkips]

It’s a shame the Old Key West extension wasn’t better structured and/or better received. My guess is there’ll be a lot of thought and effort put into what to do leading up to 2042 on DVC’s part. It’s mutually beneficial for the members to be ongoing dues paying, engaged, high spending customers like they currently are.

 

[DisneyStarWisher]

Buena Vista Trading Company. In order to book at the other DVC resorts, the resort has to be part of the clubs,

BVTC is the one who oversees this for members and sets all the rules and regulations for it,

Technically, any resort can be deleted and once it is, the owners of that resort can not exchange into other DVC resorts.

This is not something that can be different for resale vs, direct because the resort is either in or out, when talking about all original DVC.

So, if they decided to remove the resort from the club, then owners would be restricted to their home resort, It would be extremely rare for them to do it, but again, it’s like banking and borrowing. Many owners had no idea those could be changed. It’s the same with the ability to convert home resort points into DVC vacation points which is what allows one to book at other DVC resorts

RIV is the first one to enter with different rules, restricting resale points not eligible to be converted.

Thank you. Very interesting information I would be fine with that as I want to use my points only at HHI anyway.

DH and I were talking about this last night. There are many questions to answer, and we hope we'll be around to find out what DVC does.

In September 2041, will we get 300 BWV points or 5/12 of 300 points, since our 2041 UY will only be 5 months long?

What about 2042 MFs - will we have to pay 1/12 of the projected 2042 operating expenses for BWV since the BWV Condo Association will cease to exist on 1/31/2042 and won't have any responsibility for operating BWV after that? Will BWV itself shut down on 2/1/2042, to be renovated and resold?

And of course there's the banking and borrowing questions others have posted above. It sounds logical to let us borrow and use points in an earlier UY - but would that unbalance availability for owners of other resorts? I agree with Sandi - they might remove BWV and the other 2042 resorts from BVTC at some point and restrict us to staying at our home resorts, so they only have to balance each resort's owners' rights of access.

I don't expect any answers to these questions in the next ten years, but I hope that by 2032 we do have some answers and guidance from DVC.

Wow. I didn’t even think about the possibility of getting only a portion of my points in 2041. I sure hope that is not the case.

 

[CarolynFH]

<snip> Wow. I didn’t even think about the possibility of getting only a portion of my points in 2041. I sure hope that is not the case.

I think it’s more likely than not, unless some very special rules regarding borrowing and banking are implemented. People with February UY are the only ones who would have a full 12 months to use their 2041 UY points (2/1/2041-1/31/2042). OTOH, people with December UY would only have 2 months to use theirs. Talk about an overload of points if people were trying to use a year’s worth of points in way less than 12 months!

 

[DisneyStarWisher]

I think it’s more likely than not, unless some very special rules regarding borrowing and banking are implemented. People with February UY are the only ones who would have a full 12 months to use their 2041 UY points (2/1/2041-1/31/2042). OTOH, people with December UY would only have 2 months to use theirs. Talk about an overload of points if people were trying to use a year’s worth of points in way less than 12 months!

I understand that there will probably be some limitations on banking and borrowing, but can they really just not give you the points that you paid for? I just don't see how that can happen.

 

[CarolynFH]

I understand that there will probably be some limitations on banking and borrowing, but can they really just not give you the points that you paid for? I just don't see how that can happen.

To tell you the truth, I'm not sure anyone at DVC was thinking about these details 50 years ahead when they opened OKW and decided that ownership would end in 50 years! Yes, we personally paid for 300 points at BWV, but we also acknowledged that our ownership expires 1/31/2042. Nothing was said then and nothing has been said since then, AFAIK, about what happens with a truncated UY. If you think about it one way, we paid for 300 points that would be available for use from Sept. 1 of one year until Aug. 31 of the next. If our ownership ends after 5/12 (42%) of the last UY, should we really get 100% of the points? If we get 100% of the points, and all the other BWV owners get 100% of their points, there won't be enough rooms available to book before BWV closes on 2/1/2042.

I guess DVC has 15 or 20 years to figure this out.

 

[CarolMN]

It's a first come, first served system. They really do not have to do anything. They could just let Members compete for the available villas. That might be the best and easiest way. No matter what they do, some Members will be upset and think it is "not fair".

 

[Orsino]

I'm also quite sure that there will be some banking & borrowing limitations in place for the last 2 or 3 years for the contracts ending on 1/31/2042. There won't be a full year of eligibility for any 2041 use year. They'll have to do something.

But it's still 20 years away. It's unlikely that we'll know anything for sure for several years. Doubt this is anywhere near the top of DVCMC's "to-do" list yet.

When I was first looking at purchasing DVC back in 2010 I asked my guide to explain how 2056 and 2057 would work (AKV). His answer: "No one has ever asked that before," as if I was the weirdo for wanting to know.

 

[zavandor]

I think it’s more likely than not, unless some very special rules regarding borrowing and banking are implemented. People with February UY are the only ones who would have a full 12 months to use their 2041 UY points (2/1/2041-1/31/2042). OTOH, people with December UY would only have 2 months to use theirs. Talk about an overload of points if people were trying to use a year’s worth of points in way less than 12 months!

While there are a lot of uncertaincies regarding the lease expiration, that everyone will get the full points in their final year is pretty certain. Otherwise some contracts would be sold fewer points. At least a disclaimer in the contract would be needed.

 

[taaren]

To tell you the truth, I'm not sure anyone at DVC was thinking about these details 50 years ahead when they opened OKW and decided that ownership would end in 50 years!

When I was first looking at purchasing DVC back in 2010 I asked my guide to explain how 2056 and 2057 would work (AKV). His answer: "No one has ever asked that before," as if I was the weirdo for wanting to know.

I bought my contract in 2008, and asked the same thing, so its definitely not uncommon. My guide said "We don't know for sure, but they'll probably ask current members if they want to buy another 50 year contract first." She seemed to take it in stride; my interpretation of the fact that she had a canned answer meant this had been asked often enough that she had been told to give a vague answer.