anyone putting off buying in light of

[dalt01]

the dire condition of the country. some bloggers and watchdog groups are saying our way of life is on the verge of collapse. it does indeed look as though we may have written a check we cannot cash. the billions and billions in bailout may just be a finger in the leak in the dike. i hope not.

 

[DVC Mike]

our way of life is on the verge of collapse.

I don't think the sky is falling.

 

[hellerjw]

I'll probably be on Splash Mountain or The Jungle Cruise when the floodwaters come anyway, so I'll just float down Main Street USA on my way to the poor house. I try hard not to worry about things that are out of my control and DVC helps me do that.

 

[janni518]

the dire condition of the country. some bloggers and watchdog groups are saying our way of life is on the verge of collapse. it does indeed look as though we may have written a check we cannot cash. the billions and billions in bailout may just be a finger in the leak in the dike. i hope not.

This isn't the first time and I doubt it'll be the last. We just try to live moderately no matter what our bank account says. This way when we want to spend on a luxury (like DVC) we can.

 

[hellerjw]

I don't think most people realize that these bailouts are not the Fed giving away free money, they are structured loan guarantees with not so favorable interest rates to discourage the bailed out bank, mortgage lender, etc from using them or encourage them to seek other financing. Its one way the Fed can restore confidence in the market to keep more of these guys from going under in the short term. Its kind of like your uncle setting up a line of credit for you and charging you 20% interest. You would only want to dip into that thing if you truly had no other options

A little more regulation (which is where this is all headed) probably isn't a bad thing in the financial sector.

 

[WALTSAGOD]

Chicken Little says no.

 

[lildeb724]

I always assumed we would do an add on at BLT. I haven't check the point charts but we would have bought enough to do a two bedroom every three years (bank and borrow) during the highest season. Now I don't finance anything other than the cars and the house. We dont even have a credit card other than american express. I have plenty of money in the bank.....but....My husband is a financial planner/stock broker and until people start investing again, he is not going to make much money. I just don't want to have to regret something down the road. I hope that in 6 months if things have turned around we will buy but for now, i cant do it.

 

[Disney_Villain]

So, if the sky's falling what can be done about it? Nothing. "Doom & gloomers" love venting their sour grapes. That's all they can do. Maybe it makes them feel better.

 

[lockedoutlogic]

I don't think most people realize that these bailouts are not the Fed giving away free money, they are structured loan guarantees with not so favorable interest rates to discourage the bailed out bank, mortgage lender, etc from using them or encourage them to seek other financing. Its one way the Fed can restore confidence in the market to keep more of these guys from going under in the short term. Its kind of like your uncle setting up a line of credit for you and charging you 20% interest. You would only want to dip into that thing if you truly had no other options

A little more regulation (which is where this is all headed) probably isn't a bad thing in the financial sector.

makes you wonder why the loans were deregulated in the first place, doesn't it?

Apparently....the public persona says to give everyone a rope made of greed long enough to hang themselves.....knowing full well that they will eventually use it....


I don't think that DVC is the type of thing...or more specifically the type of clientele....that's going to suffer major slowdowns in sales or defaults on loans that will affect the system....

By and large....you have to be fairly financially sound/successful to afford both the timeshare and all the associated costs of using it on an annual or near annual basis....

I would also assume that a large majority of dvc contracts are purchased on a cash basis or without longterm financing agreements.....as the only way to ensure long term value of the purchase is to lock in the price.....not pay a percentage of interest on that price for an unspecified length of time...

sure....some got ahead of themselves and bought something on credit they couldn't afford.....but i don't really worry about them. If you can't figure out where your limits lie....neither I nor my government should be there with a shoulder to cry on....

By and large....DVC will continue the same.....

WDW's traditional customer base not in DVC will probably more than likely stay away for awhile.....and Disney's bottomline will take a steep hit....

i wouldn't be surprised if we're seeing 95% DVC occupancy over the winter and 60% resort occupancy.....

which is the equivalent of a ghost town at WDW and when the beancounters start throwing everything not bolted down overboard....


....which is inline with the cutbacks in entertainment we've already started seeing.....and no new attractions being developed....only more retail outlets leased to third party operators....

 

[drusba]

the dire condition of the country. some bloggers and watchdog groups are saying our way of life is on the verge of collapse. it does indeed look as though we may have written a check we cannot cash. the billions and billions in bailout may just be a finger in the leak in the dike. i hope not.

Perception of the masses, often unfounded, is 80% of any economic disaster. Governmental actions, regardless of whether they actually fix anything (and most often they do not), might provide the time needed for perceptions to improve.

 

[wildernessDad]

I think that a panic has set in, but our economy is robust enough to weather this storm and improve within the next 3 years. I think that the panic is extreme.

A few people control huge amounts of stock and can in an instant cause chaos. Regulation should help to bring that into check. Now is not the time to panic and sell your stock. Sell high, not low.

 

[stopher1]

Sure things appear bleak right now, but they're really just another part of the every rising and falling tide of capitalism. Good times come and go. It doesn't mean the sky is falling, nor does it mean the end of life as we know it. Regulation or lack of regulation - both have their good and bad points. Government stepping in and shoring up the system has its' good and bad points too. Democrats and Republicans - both have their good and bad points. Times of economic distress have come and gone during both political party's administrative reigns, and times of both political party's hold on congress... the real impact for Disney over the next year or more won't be in the DVC market however - but more than likely in the non-DVC resort world. I saw an advertisement today for a new Free Dining promo for select dates at value resorts this Oct & Nov - a time when traditionally they don't discount as heavily. I think that alone is an indicator that DVC will be okay - we've all paid our money to Disney already - and they expect us to come back and give them more year after year since we're already invested in the system... not so for the non-DVC crowd - gotta entice them somehow to pry open the wallet.

 

[Grandbuddy]

I wish I had been in a position to put a pile of money into the stock market just following each time it has "collapsed," over the past 38 years (basically my adult life). Can you imagine what it would have been like to have some money to invest after the great crash that started the depression? Talk about making a fortune!

The economy is cyclical, and much of the market is driven by consumer confidence, or lack of it. We may face several more months of adjustments, but the market has always rebounded. That's not to say there won't be plenty of people in an uncomfortable situation for the duration of the present downturn.

 

[CarolA]

the dire condition of the country. some bloggers and watchdog groups are saying our way of life is on the verge of collapse. it does indeed look as though we may have written a check we cannot cash. the billions and billions in bailout may just be a finger in the leak in the dike. i hope not.

Keep in mind that if those "bloggers and watchdog groups" didn't write "sensational" headlines no one would read them. (Seriously)

Yes, we are in for a rough run! But I called today to enroll in my new 401K and as the girl said "well you are getting in cheap"

I think a weekend will help! Wall Street will have to step away from the keyboard!

 

[nuts]

Whether we like it or not, recessions are a necessary part of capitalism. It cleans up the trash. 2001 was caused by the internet bubble (stupid investments in companies that had nothing but a web page). Recession came along and cleaned that up. Now its the financial community...bad decisions and poor management. If you track the cycles, you usually see a recession about every 8 to 10 years. If you know that, you can plan your financials around this (buy low, sell high). To me this is the time to buy. I bought a ton of cheap stock in 2001 and made a killing when the market took off again. So guess what, I am doing it again

Now what to do with the profits that I will see in a couple years...GCV? BLT? SSR again? Hmmmmm

 

[Dean]

Whether we like it or not, recessions are a necessary part of capitalism. It cleans up the trash.

And we still haven't even had a single decline for one quarter much less two and home sales are up double digits in CA.

 

[eliza61]

the dire condition of the country. some bloggers and watchdog groups are saying our way of life is on the verge of collapse. it does indeed look as though we may have written a check we cannot cash. the billions and billions in bailout may just be a finger in the leak in the dike. i hope not.

I'm seriously going to show my age here. When I was a little girl in Catholic school we had "emergency drills". Every one thought it was the absolute end of civilization because Russia & American were threatening each other with nukes, like people order starbucks coffe. So every day we had a drill to hide under our desk. I'm still trying to figure out how the heck a little piece of wood was going to save my tookush in the event of a nuclear attack but hey the nuns said it would work....

My point is we've been on the verge of collapse before and according to both political parties if the other guy gets elected it will definitely be armaggedon.

I'm an optimist, sure we may have a few rough days ahead but you know what I've found that the tough times tend to bring out the best and brightest. I think we can count on civilization lasting a bit longer.

I plan on doing what I've always been doing. spend wisely, save wisely, try not to go into much debt (2 kids heading to college, that won't last long) and try to enjoy life.

 

[CarolA]

I'm seriously going to show my age here. When I was a little girl in Catholic school we had "emergency drills". Every one thought it was the absolute end of civilization because Russia & American were threatening each other with nukes, like people order starbucks coffe. So every day we had a drill to hide under our desk. I'm still trying to figure out how the heck a little piece of wood was going to save my tookush in the event of a nuclear attack but hey the nuns said it would work....

.

We had those......on into Junior High.

As one of my classmates said..

Get beneath your desk, curl up in a ball and kiss your "you know what" goodbye!


(We lived near Oak Ridge, TN... the Russians were aiming at us LOL!)

 

[DeeCee735]

Life is short, way too short. I find that as I get older seems the good part of life is not as often as the tough stuff. I'm a breast cancer survivor, and the greatest lesson I learned is to live for today. I don't want to spend my younger years working toward a retirement I may never see. I used to worry so much about how we'd be able to afford the future, whether it was having the kids (when we were younger I used to think we'd never be able to afford kids - they're 19 now), or how we'd be able to afford the house (living here 24 years), or how we'd be able to send the kids to college (they are going into their 2nd year), or how we'll be able to afford a good life style (we own DVC since 2000 & have belonged to a beach club for 19 years), and how we'll afford "the golden years". Ya know what - what will be will be, we do what we can, borrow if we have to, and work for what we have. Life is good, very good - "hakuna matada" - means no worries!
Not a bad motto

 

[keishashadow]

I'll probably be on Splash Mountain or The Jungle Cruise when the floodwaters come anyway, so I'll just float down Main Street USA on my way to the poor house. I try hard not to worry about things that are out of my control and DVC helps me do that.

all i know is i must be in de-nile when i heard report of the latest bailout this am on The Today show & they broke it down as costing every citizen approx $3,800; i immediately thought how many points @ BLT that would buy