Any thoughts about being the last 25 years of BWV points?

[AdamsMum]

Just wondering what others think about the value of our Boardwalk and Beach Club points now that we are in 2017 and on the 2nd half of the 50 year contract. Not that I'm selling or anything. I see the high price that they are charging to buy these two resorts direct. Curious as to why anyone would pay those high prices for what is basically half the value. For the record I own points at both of those resorts.

I guess maybe this should be on Mouscellaneous.

 

[_auroraborealis_]

To be honest, I think anyone who buys a 2042 contract direct, save as a 25-point add-on for various reasons, is a wee cray-cray, and if the cost difference really is a rounding error to them I wish they'd take the cash and support worthy causes with it instead.

Personal opinion, of course.

 

[TDS1]

What about buying BWV resale? Is that still a bad idea?

 

[KAT4DISNEY]

As with any DVC contract, if it still saves a decent amount of money vs what you would pay for a regular, normal visit to WDW then it still makes sense. I haven't looked at the purchase vs hotel comparison numbers for 4 or so years but it appeared to do so then to me and I suspect I'd still come to the same conclusion. We only get closer to a time though that there ought to be a drop in the prices to line up with the value.

 

[Dtw002]

I struggled with this when recently buying BCV resale. I justified it some as most of the cost to DVC is not the upfront fee but the annual dues - so less year's equals less costs. 25 years from now put us right at the point where we would be slowing down, not going to Disney often - so it didn't bother me. We wouldn't have been happy without always having the option to stay here, and from looking at the res tool I'm glad we bought here.

I looked at DVC as a lifestyle investment - not a financial one. 15k resale value 25 years from now will be immaterial.

 

[Dean]

Just wondering what others think about the value of our Boardwalk and Beach Club points now that we are in 2017 and on the 2nd half of the 50 year contract. Not that I'm selling or anything. I see the high price that they are charging to buy these two resorts direct. Curious as to why anyone would pay those high prices for what is basically half the value. For the record I own points at both of those resorts.

I guess maybe this should be on Mouscellaneous.

The past lost savings means nothing at this point. Any time one owns something they could sell fairly easily, they are in effect buying it again on a continuous basis. So one would look at it as if they sold and were considering buying again. Obviously there is the qualified points variable but I don't see that as much of an issue since selling and paying cash for cruises and the like would be better anyway for that purpose. It's essentially the same process as owning a stock vs buying it, other than the spread and commissions, it isn't any different either way.

 

[BK2014]

What about buying BWV resale? Is that still a bad idea?

We just closed on a BWV resale, so we do not think so. By the math that I did, even if maintenance fees in the next 25 years skyrocket to the point that they average $1,000 a year over 25 years, it would still be a significant cost savings. This obviously assumes that the amount charged to non-DVC members for either the Boardwalk Villas or Inn stays the same or increases over the next few years. Given the popularity of the hotel and location, I would expect it only to go up. At least for our vacation room type and length, the DVC contact would save us an estimated $150-200 a night.

 

[icc2515]

I feel that BWV are a great value, resale. There are no other DVC resorts that you can stay at for 10 points a night that are within walking distance of 2 theme parks. My BLT costs 14 points, and Poly is 16. The rack rate of similar rooms for the 1st week in Sept are $408, $458, and $470. I think that BWV and BCV are only going to get more popular once HS is done with it's makeover. Plus, Epcot is going to start getting some love soon also. If you want to stay at BWV during the fall, you just about have to own there. Fidelity has just 4 BWV and 0 BCV for sale right now. These are still incredibly sought after resorts to buy.

 

[gharter]

I also have to believe that DVC will almost have to offer some sort of a continuation deal for current members. I can't imagine them suddenly wanting tens of thousands (probably hundreds of thousands when you consider 6 resorts all end in 2042) of points back all at once. I'm sure they already have some idea of a plan in place for the end of a contracts life.

 

[ziravan]

"Buy where you want to stay," really means, "Buy where you want to stay during Fall Frenzy."

The 7 month window can no longer reliably get you a reservation from F&W through Jan Marathon. As time goes on, there'll be more pressure during that time at the 11 month window for prime locations.

If you want to stay at BWV or BCV, buy there.

I did. No regrets. I'll be 74 when my BCV contract ends, if they don't extend it. If they don't, I'll be 98 when my Poly contract ends. I'm good.

 

[MouseOfCards]

Agree with others. There are only 2 DVC resorts in that area (currently). As popular as they are, they will be even more in demand as the new attractions come online. If you want to stay there during busy periods, you probably need to own there. You will still save plenty versus booking direct with Disney.

 

[Dean]

I also have to believe that DVC will almost have to offer some sort of a continuation deal for current members. I can't imagine them suddenly wanting tens of thousands (probably hundreds of thousands when you consider 6 resorts all end in 2042) of points back all at once. I'm sure they alrady have some idea of a plan in place for the end of a contracts life.

I'm split on this issue. They will likely have to continue some of the resorts at expiration, likely not OKW, HH or VB. But that doesn't mean that they will offer a deal to current members and if they do, it may not be a reasonable one. The OKW extension was a failure as far as getting members to extend. If they do offer an extension, they'd have to either make the same poor choices or do it significantly differently than at OKW. I've long held they should do so by combining an extension with a new retail purchase but this presents some challenges since the memberships are tied to the land lease as I read it.

 

[icc2515]

I think that Disney is already preparing for the 2042 big expiration date. Look at the new Wilderness Lodge DVC. It would not surprise me at all if there was a future plan to turn the Boardwalk Inn's 378 rooms into DVC. Even when the BWV's are completely full, you can still get a room at the Boardwalk Inn. By turning the Boardwalk into a 100% DVC property they can take it off the books completely for WDW and let DVC members pay the entire bill for maint and operations. Then in 2042 slap some new paint on the walls and move in some new furniture and sell the BWV's for big bucks. If that goes well take some of the 1200 rooms at Y&B and convert them to DVC after BW.

The more DVC buyers the less hotel rooms that Disney needs. My family used to rent multiple hotel rooms each year. Since DVC we have rented zero. Disney can still rent the DVC rooms from breakage and RCI points, and the points the own.

 

[ziravan]

I think that Disney is already preparing for the 2042 big expiration date. Look at the new Wilderness Lodge DVC. It would not surprise me at all if there was a future plan to turn the Boardwalk Inn's 378 rooms into DVC. Even when the BWV's are completely full, you can still get a room at the Boardwalk Inn. By turning the Boardwalk into a 100% DVC property they can take it off the books completely for WDW and let DVC members pay the entire bill for maint and operations. Then in 2042 slap some new paint on the walls and move in some new furniture and sell the BWV's for big bucks. If that goes well take some of the 1200 rooms at Y&B and convert them to DVC after BW.

The more DVC buyers the less hotel rooms that Disney needs. My family used to rent multiple hotel rooms each year. Since DVC we have rented zero. Disney can still rent the DVC rooms from breakage and RCI points, and the points the own.

It wouldn't be YC. It would be convert all of BC into DVC. Make expansions at both become BWV II and BCV II, stagger sell dates 2 yrs apart, and between BCV I and II, BWV I and II and VWL I and II - with renovations every 25 yrs, DVC has perpetual inventory for 12/50 yrs, 25% of the time in just these 3 (6) resorts.

But. To pull this off, if Star Wars Cantina and Resort at CBR goes on sale in 2019, BWV would be 2021 and BCV would be 2023. In order to stagger out 2042 endings, that would mean pushing back BWV 1 end date until 2046 and BCV 1 until 2048.

 

[AdamsMum]

Interesting replies. I thought I might be in the minority of loving them just for the proximity to EPCOT during the busier times of the year. I'm all about the location. I love the break I get from not having to wait in huge lines to take a bus back to my resort every night.

 

[gharter]

Interesting replies. I thought I might be in the minority of loving them just for the proximity to EPCOT during the busier times of the year. I'm all about the location. I love the break I get from not having to wait in huge lines to take a bus back to my resort every night.

We love the location and theming of the Boardwalk area. Being able to walk to EPCOT and Hollywood Studios is added benefit.

 

[MrInfinity]

Buy where you want to spend your time. If that's Boardwalk, then buy there. Everyone knows the benefits of the walking-distance resorts. The remaining time on the contract should be a factor in your financial analysis, but not much more than that. If Food & Wine is your goal, then BC/BW is your place. So what if in 25 years your contract is fully spent but someone else's is worth $10k. You got 25 years in the Boardwalk; they didn't. You didn't buy it to get $10k back in 25 years, you bought it to be by the parks.

 

[mustinjourney]

The way I look at it is that if my break even is less than the number of remaining years, then it makes sense.

It's location is better than SSR, AKV, and OKW, which explains why resale prices are higher for BWV/BCV even though there are fewer remaining years.

Also, the value of the extra 15 or 20 years in today's dollars is significantly reduced, so it really isn't that big of a deal.

 

[ScubaCat]

We own BCV because it's where we like to stay pretty much every time. I can't tell you how often we're at the pool and talk to other owners that have a couple of nights there and a couple of nights at SSR, OKW, or even CSR or POP or something because they could only get 2 or 3 nights at BCV. We have a 2-bedroom lockoff booked for our next trip and now that it's within 7 months, the entire calendar shows zero availability for anything but a couple of sporadic days here and there in a 1BR. (no studio at all)

Buy where you want to stay unless you really just don't care. And keep in mind that the more DVC that get sold, the more members there will be in the pool vyeing for all the rooms at the 7 month mark.

 

[katmatry]

Just bought 100 BC points. We love it there and want to stay during food and wine. Worth every penny.