Are 2042 Resorts Worth it?

[Sandisw]

Of course, there are regular owners getting rooms too. But go look on Rental Sites and you'll see sooo many standard rooms being offered at a tidy profit, it's clear these are not being rented in volume by the DVC members for their own use. DVC is perfectly capable of limiting rentals to owners "first" (that is what the entire 11 month priority is supposed to accomplish - and it fails in many cases). They could limit reservations at the 11 month mark to only people checking in with a "listed owner" as a checkin guest. Owners could even choose to add a few people to that "primary" list each year - much like the Associates linked to accounts. The capacity to do that already exists.

I'm not opposed to renting points (it is allowed by the DVC documents), but there ARE owners of thousands upon thousands of points (with so many loopholes! so no true limits) who literally make their living (commercial use) by grabbing prime rooms and re-renting them. DVC won't fix it unless it affects "Disney's" bottom line since they actually seem to care little about DVC members once they close on their Direct points. My two cents worth.

(Wyndham actually stepped in recently - see the Bonnet Creek threads - to cut down on their Commercial Use. We are researching Wyndham points as a very inexpensive alternative to DVC for that very reason).

No one owner can be part of more than 8000 points total amongst all the resorts so there is a limit. Also, the. POS specifically defines that owners, guests, and even renters fall under personal use, and is allowed

There is no legal way for them to add language now that that does not apply for an 11 month booking because then they would be defining renting for commercial purposes as rentals in the names of others at 11 months as that.

And, as long as the owner is on a reservation at 11 months, it’s would then not a violation…they simply add the other guests later….but, we can open a new thread to Continue this if you want!

 

[Brian Noble]

(Wyndham actually stepped in recently - see the Bonnet Creek threads - to cut down on their Commercial Use. We are researching Wyndham points as a very inexpensive alternative to DVC for that very reason).

This is a bit of an aside, but...

Wyndham is inexpensive because more people want to sell than want to buy, and it has been this way for nearly as long as I've owned it--almost 15 years now. It's not because of Wyndham's steps to curb commercial renting. Those steps have coincided with at least an anecdotal increase in availability at some resorts that were prime rental targets, but it's hard to say that one is the cause of the other.

What's more, even before the most recent round of changes, it was nearly always possible to get high-demand resorts exactly at the 10 month mark (Wyndham's equivalent to DVC's 7 month mark, when points are points). There are some exceptions to this, but they are pretty specific: the weekend before Mardi Gras in NOLA, race week in Daytona, peak snowbird in Clearwater, summer weekends at Glacier Canyon, a few others.

One thing that might help is that you can't walk a Wyndham reservation. You can add nights to an existing reservation, but you cannot drop nights. Again, though, it's hard to say whether or not that's genuinely helpful. I don't rent, but I suspect that the "renters are the Big Bad" is more about perception than reality. Some room categories have always been hard, and those are going to be harder while we are still working through the backlog of COVID points (and I suspect we are).

 

[gisele2]

I love the EPCOT area. So the decision was between BCV and BWV. We had great memories with BCV so I dive in when I saw a good price for one. Paid 118$ a point back in 2020. With my 2022 visit, and the 2 vacation coming in 2023, compare to cash rate the BCV contract is paid. Now this is THE problem, I was going to Disney once every two years, now I am going twice a year...

Really happy with my purchase. I do not plan on selling. Hope to bring future grandchildren to Disney some day.

 

[tom1944]

This is a bit of an aside, but...

Wyndham is inexpensive because more people want to sell than want to buy, and it has been this way for nearly as long as I've owned it--almost 15 years now. It's not because of Wyndham's steps to curb commercial renting. Those steps have coincided with at least an anecdotal increase in availability at some resorts that were prime rental targets, but it's hard to say that one is the cause of the other.

What's more, even before the most recent round of changes, it was nearly always possible to get high-demand resorts exactly at the 10 month mark (Wyndham's equivalent to DVC's 7 month mark, when points are points). There are some exceptions to this, but they are pretty specific: the weekend before Mardi Gras in NOLA, race week in Daytona, peak snowbird in Clearwater, summer weekends at Glacier Canyon, a few others.

One thing that might help is that you can't walk a Wyndham reservation. You can add nights to an existing reservation, but you cannot drop nights. Again, though, it's hard to say whether or not that's genuinely helpful. I don't rent, but I suspect that the "renters are the Big Bad" is more about perception than reality. Some room categories have always been hard, and those are going to be harder while we are still working through the backlog of COVID points (and I suspect we are).

Could Disney make that rule- you can add nights but not drop nights? That would seem to help stop the walking issue.

I wonder how many LLC's own up to 8,000 points?

 

[brinkley07]

Beauty is in the eye of the beholder. I have a friend who loves BW, and only wants to purchase direct. Though she is aware of resale, esp because I have both direct and resale, for her direct is the only option at BW. She recently added on again through Disney.

 

[CarolMN]

Could Disney make that rule- you can add nights but not drop nights? That would seem to help stop the walking issue.

I'd personally like that rule IF and only if the rule only applied until 10 months prior to arrival. Sometimes you need to adjust after you make airline reservations.

It might not stop all walking, but it would stop the vast majority of it, and still allow those who like longer stays to book them.

I'm not that worried about any walking that takes place at 7 months. It's not nearly as prevalent or upsetting as 11 month walking seems to be.

 

[Sandisw]

Could Disney make that rule- you can add nights but not drop nights? That would seem to help stop the walking issue.

I wonder how many LLC's own up to 8,000 points?

Yes, they could but then those with a lot of points have an advantage because they can keep it until the penalty is gone.

Personally, I think any cure to slowing or stopping walking would cause more problems for members and have negative consequences that in the end up worse…and there will still be plenty of owners who are not going to get the rooms they want if they are in those popular categories that get walked

 

[chicagodisneyguy]

2042 for an every other year strategy might make sense if you are staying in 2br or 3br and your alternative is staying in those same rooms and paying cash. If not, and you plan is every other year staying in 1 room then no. Book at Swan/Dolphin. It will be cheaper unless short term DVC resale rates plummet.

I bought BWV resale in 2009 for $84. It has been the single best value I've gotten in Disney based on the low point costs, relatively low dues, and high room rates (both discounted or rack). But even as the studios continue to be (along w/ BCV) some of the best values in the DVC system...that savings will start to erode as time goes on. I've gotten 13 years of value compared to a new buyer and they are paying more. I think if we do get a recession and people start puking contracts 2042 resorts could be a good value. But even the recently lower prices are not a "value", they are just a discount on recent pricing.

I know there has always been a ton of talk about the last years of the 2042 resorts. I think that is when Disney will be tested on "commercial' renting....especially if the US economy is strong. That is when one of the brokers five years out will realize they can buy these dying assets for a few pennies on the dollar and rent them out. Or there will be a broker that specializes in renting those points out. Because as long as the rental market is strong....there should be at least a $10p value on points from rental income and costs of people's dues.

 

[dvc lover 1970]

In your personal opinion, are 2042 DVC resorts worth the resale purchase in 2023 for an every other year vacation strategy?

Only if its a resort you really want and could not book otherwise. BCV - need home point advantage to book there. BWV - need home points for standard view rooms. If looking for best value for long-term resale, I would buy CCV - part of the legacy resorts with a 2068 date, and point chart in line with original resorts. Also the chance of getting an alternate studio is like winning the CCV lottery during a studio stay

 

[Her Dotness]

I have a friend who loves BW, and only wants to purchase direct. Though she is aware of resale, esp because I have both direct and resale, for her direct is the only option at BW. She recently added on again through Disney.

I can understand that.

We bought direct for both our first two contracts--an off-sale resort, too.

People often think only or primarily in terms of what will be most economical when answering the "worth it" question.

That the direct sale goes through immediately when Disney gets your cash is far simpler and easier than the slog to get through the resale hoops. Getting ROFRd isn't even on your radar when buying direct.

Most say it's foolish not to save as much money as possible on a contract. However, some simply prefer the ease and convenience of buying direct. That's how much "mileage may vary."

 

[AnnaKristoff2013]

While I have, and love Boardwalk. Getting those " low point" rooms at 8am 11 months out is almost impossible. They are taken by Commercial Renting owners walking them. Very frustrating. I just checked - between today and 2/25/2024 (11 months and 6 days) there is NOT 1 NITE In a Standard "low point" studio" available. Commercial Owners renting for Profit are ruining DVC.

And the commercial owners/brokers who are buying, stripping, renting and flipping, are really making it worse. If this downturn burns them and puts a bunch of them out of business then it will be a net positive for DVC owners.

 

[Cfabar1]

This is a bit of an aside, but...

Wyndham is inexpensive because more people want to sell than want to buy, and it has been this way for nearly as long as I've owned it--almost 15 years now. It's not because of Wyndham's steps to curb commercial renting. Those steps have coincided with at least an anecdotal increase in availability at some resorts that were prime rental targets, but it's hard to say that one is the cause of the other.

What's more, even before the most recent round of changes, it was nearly always possible to get high-demand resorts exactly at the 10 month mark (Wyndham's equivalent to DVC's 7 month mark, when points are points). There are some exceptions to this, but they are pretty specific: the weekend before Mardi Gras in NOLA, race week in Daytona, peak snowbird in Clearwater, summer weekends at Glacier Canyon, a few others.

One thing that might help is that you can't walk a Wyndham reservation. You can add nights to an existing reservation, but you cannot drop nights. Again, though, it's hard to say whether or not that's genuinely helpful. I don't rent, but I suspect that the "renters are the Big Bad" is more about perception than reality. Some room categories have always been hard, and those are going to be harder while we are still working through the backlog of COVID points (and I suspect we are).

Why are so many people trying to offload Wyndham? Is it a bad system? Do you get home resort advantage to be able to stay at Bonnet Creek?

 

[Brian Noble]

It's a large system, but it's not that so many people are selling so much as the sellers outnumber the buyers. In general, timeshare is a product that is sold, not bought.

You don't particularly need home resort advantage for Bonnet Creek--1BR and 2BR units are plentiful more or less year-round. You might need it if you need 3BRs, and you would want it if you need 4BRs.

 

[Stank]

Are 2042 resorts worth it?

Answer: Yes and/or No

 

[kevtlas]

I'd say no. There are a couple places I love staying at that are 2042 resorts. I've always lucked out and been able to rent at the 7 month window (even a full week at BCV, which was a one and done since we did not like at all, except of course for the pool). My plan has always been buy at the resort with the best value (for me has always been SSR with a loaded contract) and if I ever wanted to stay at a resort I didn't think I'd be able to get at 7-months, just rent the points from an owner for that one stay, and rent out an equal amount of my own points to pay for it, plus a little extra if necessary. In my mind, that would still keep the value at it's highest while still getting to stay at the "need to own" resorts.

 

[Sandisw]

I’ll add the prices coming down like they are may change things for those that really want those resorts compared to cash stays.

 

[E2ME2]

Are 2042 resorts worth it?

Answer: Yes and/or No

YES

 

[bashuck]

Agree, Definitely do not assume anything, they could become extremely hard to sell for any amount with a much worse (little to no) resale value beyond that point. At some point, the fees/dues could be equal to renting point price, so why purchase.

Pretend it was 2035 now, and you love staying at Beach Club. 7 years left of points. You can rent the points for over $20+ per point each year, or buy this contract at 70 (10 per point per year) and pay the 8 going to be 9 in dues. It’s cheapest if you want to stay there and at least has a possibility of a benefit of holding it at the end Incase there is any form benefit at that time. I don’t see the downside if that is you preferred location at that price.

 

[TinkAgainU]

Random note, I happened to check Boardwalk deed recordings so far today (there were about a dozen) looking for one in particular. Surprisingly, two of them were from DVD to two different owners - each at $240 per point - one for 90 points, and one for 100 points.

 

[Her Dotness]

Random note, I happened to check Boardwalk deed recordings so far today (there were about a dozen) looking for one in particular. Surprisingly, two of them were from DVD to two different owners - each at $240 per point - one for 90 points, and one for 100 points.

Not tremendously surprising to me as a 4-yr-old trapped in a retiree's body.

Might be older buyers who don't care that they may have it only until expiration bye-bye. That, I can understand because there's a good chance I'll be dead before our BWV expires. Or, could be so ga-ga that the expiration isn't even on what's left of my radar.

Additionally, they've more funds than younger people raising kids and decide to add direct to get precisely what they want more easily and quickly.

Mind you, I'm not saying I think that's common but may be more common than you'd think.