BC vrs BLT costs WOW

[sweetdana]

I have been out of the buying market for a bit, and just decided I might be in.. and noticed that the ROFR, and the listings of these 2 resorts are close within 5-10$ knowing how many yrs are left compared on BC, I was shocked!!! Has this been for a while, or is the BC market just empty, or BLT market flooded? not sure, but seems BLT should sell for way more than BC.


...I guess based on only yrs left.. SSR should too :S...

 

[MickeyBobby]

I think it's the fact that you have a very large resort vs. a very small resort. BLT contracts seem to be much more plentiful. I will say that end dates must be approaching the point where they come in to play with buyers. I just turned 30 and am very hesitant to add on at a resort with a 2042 expiration date, essentially meaning 2041 would be your last trip. That's enough to stop me from plunking down that much money on BC

 

[sweetdana]

I think it's the fact that you have a very large resort vs. a very small resort. BLT contracts seem to be much more plentiful. I will say that end dates must be approaching the point where they come in to play with buyers. I just turned 30 and am very hesitant to add on at a resort with a 2042 expiration date, essentially meaning 2041 would be your last trip. That's enough to stop me from plunking down that much money on BC

THAT is exactly why I was confused... and thought.. WOW I think I did it out at 1.9$ pp for BLT and 3.5 for BC at average prices.. and this blows my mind..


in 28 yrs, you still have a TONNNN Of vacations (or a sellable asset) left.

 

[HokieGCC]

Once you have gone to Disney enough to be done with the commando park days you kind of discover the resorts.

The BC with the BW and point blank walking distance to Epcot World Showcase coupled with the best pool .... and you have the most pleasant place of all to stay. I could spend a week at the BC w/o ever going into the parks (minus the World Showcase). One day at BLT and I would be ready for something else. Just our opinion.

 

[kenspidey]

I have been out of the buying market for a bit, and just decided I might be in.. and noticed that the ROFR, and the listings of these 2 resorts are close within 5-10$ knowing how many yrs are left compared on BC, I was shocked!!! Has this been for a while, or is the BC market just empty, or BLT market flooded? not sure, but seems BLT should sell for way more than BC. ...I guess based on only yrs left.. SSR should too :S...

Being 55 myself the years left don't matter much and BCV is perfect for older folks like me. Maybe it's us older folks keeping this propped up

 

[mdsd8700]

I can totally see the attraction to BCV. To us the location and the pool are stellar. However when we could finally afford DVC back in 2010 BCV wasn't on our choice list because of the end date. Although we had never been big CR fans we purchased BLT because the location was good and the expiration was what we wanted. We purchased it without ever having seen a room in person. We simply love our home resort of BLT and are so happy with our purchase. The extra bathroom in 1 and 2 bedroom was something we didn't know we were missing until our first stay. After that we find it difficult to go back to sharing 1 bathroom.

Everyone choices their home resorts for many reasons but I would think that for those in which contract length doesn't matter BCV is a great choice and totally see the appeal.

 

[supersnoop]

I have been out of the buying market for a bit, and just decided I might be in.. and noticed that the ROFR, and the listings of these 2 resorts are close within 5-10$ knowing how many yrs are left compared on BC, I was shocked!!! Has this been for a while, or is the BC market just empty, or BLT market flooded? not sure, but seems BLT should sell for way more than BC.


...I guess based on only yrs left.. SSR should too :S...

I agree! In my opinion, with the extra years and lower maintenance fees, I think BLT is a steal these days. When I work it all out, it's only slightly more than SSR over the long term, but it's a monorail resort. So, while BCV may be worth the market price, BLT is the best deal for me!

 

[DougEMG]

Being 55 myself the years left don't matter much and BCV is perfect for older folks like me. Maybe it's us older folks keeping this propped up

I'm in that age category as wel, so a 2042 end date is not a problem for me.

 

[Millionaire2K]

I think it's the fact that you have a very large resort vs. a very small resort. BLT contracts seem to be much more plentiful. I will say that end dates must be approaching the point where they come in to play with buyers. I just turned 30 and am very hesitant to add on at a resort with a 2042 expiration date, essentially meaning 2041 would be your last trip. That's enough to stop me from plunking down that much money on BC

Exact reason I didn't get a 100 point BWV contract. I'm 31, I figured BLT was a better value even against BWV's lower cost per point.

 

[ncurley]

This is interesting because the point costs for a studio, 1BR or 2BR at BLT and BCV are pretty similar assuming you book standard view at BLT. I would have thought BLT always would be higher. Lake and MK view rooms would in fact be much higher. I'm curious which view is easiest to book?

Another difference is the 1BR at BLT sleeps up to 5, versus only 4 at BCV. The 2 BR at BLT sleeps 9, versus only 8 at BCV. At least that is the # you COULD sleep, seems you could feel overcrowded if you had the max?

I have never stayed in BLT but I have stayed at the Contemporary Resort. Have not yet stayed at BCV either. Hope to try both some day!

 

[ncurley]

I think this is interesting when you look at the point costs for a studio, 1BR or 2BR at BCV and BLT. They are pretty much the same number of points for a week assuming you stay in a standard view at BLT. If you stay in lake view or MK view it is much more at BLT. I assumed they would all be higher at BLT, but not so if you are okay with standard view.

Most BLT rooms could sleep one more person than BCV also. 1 BR at BLT sleeps 5 vs only 4 at BCV. 2 BR at BLT can sleep 9 versus 8 at BCV.

 

[Sandisw]

This is interesting because the point costs for a studio, 1BR or 2BR at BLT and BCV are pretty similar assuming you book standard view at BLT. I would have thought BLT always would be higher. Lake and MK view rooms would in fact be much higher. I'm curious which view is easiest to book?

Another difference is the 1BR at BLT sleeps up to 5, versus only 4 at BCV. The 2 BR at BLT sleeps 9, versus only 8 at BCV. At least that is the # you COULD sleep, seems you could feel overcrowded if you had the max?

I have never stayed in BLT but I have stayed at the Contemporary Resort. Have not yet stayed at BCV either. Hope to try both some day!

SV are the hardest to book and it is one the main reasons why I wanted to own there as it is my favorite location.

I am able to get the SV option as I book 11 month out which means I am not spending more points than I would for the other resorts I would want to visit.

I do also own BWV for our stays in the Epcot area which gives me the best of both worlds...and, may even consider adding on in a few years at SSR for bringing my extended family so we can do things like the treehouse villas or grand villas.

 

[skier_pete]

BC is a relatively small location with an EXTREMELY popular locale. It is very hard to book there without owning there most times of the year. Yes, the year is shorter, but to many people 27 years is more than enough time (and you can almost bet Disney will eventually start offering extensions on these 2042 resorts).

In addition, the per night point cost is higher at BLT than BCV for most of the rooms (likely standard rooms are hardest to get at BLT), so therefore you need to own more points at BLT for the same number of nights.

 

[GOOFY D]

...(and you can almost bet Disney will eventually start offering extensions on these 2042 resorts).

I keep wondering if they are going to do this or not with all of the 2042 expirings.

 

[skier_pete]

I keep wondering if they are going to do this or not with all of the 2042 expirings.

Didn't they do this already with OKW? Looking it up, back about 7 years ago, you could extend to 2057 for $15 per point. Can't imagine they are not eventually going to do this for other locations. Either that you they just let the leases expire and refurb and resell the locations, which is the other possibilty.

 

[supersnoop]

Didn't they do this already with OKW? Looking it up, back about 7 years ago, you could extend to 2057 for $15 per point. Can't imagine they are not eventually going to do this for other locations. Either that you they just let the leases expire and refurb and resell the locations, which is the other possibilty.

I don't know how successful the OKW extension was for DVD. From a legal standpoint, WorldCo (Disney) owns the land and ground-leased it to DVD, who built and sold the timeshare units. With OKW, I imagine DVD had to extend the ground lease for the entire property and then try to extend the deeds for the individual owners. I can't imagine DVD would be allowed to extend only a portion of their ground lease.

So, if the OKW extension didn't go over well, DVD may have lost money on the deal, and they wouldn't be too quick to try again.

 

[skier_pete]

I don't know how successful the OKW extension was for DVD. From a legal standpoint, WorldCo (Disney) owns the land and ground-leased it to DVD, who built and sold the timeshare units. With OKW, I imagine DVD had to extend the ground lease for the entire property and then try to extend the deeds for the individual owners. I can't imagine DVD would be allowed to extend only a portion of their ground lease.

So, if the OKW extension didn't go over well, DVD may have lost money on the deal, and they wouldn't be too quick to try again.

They definitely released the entire OKW, not just a part of it. And certainly not everyone bought it at the time.

I can't say too much about whether OKW extension went over well or not, but I imagine at SOME point they are likely to offer some sort of extension. Possibly 35 years out was too soon for most people to care, but when it gets down to 20 years or so, I could see them offering extensions. It will all be what they see as the most financially viable. What happened at OKW may affect that decision.

I will admit that when I was looking at my first DVC purchase a couple of months ago, I was sort of deciding between BWV and AKV, and I went with AKV mostly because of the extra years I got on the lease. In these cases, it is the case that the more preferrable locale of the Boardwalk offsets the shorter lease length.

The same thing must be true for BCV vs BLT. The more desirable location offsets the shorter lease.

 

[dizfan]

Another. Possible factor is that a good portion of people buy timeshares on an emotional high while on vacation. After a few years, they decide to sell. All. BLT owners have used their points less than 5 years. On top of that, DVD building VGF and now Poly takes some of the uniqueness away from BLT. If they build at the River Country location, it will be 5 MK area DVC properties. I could see BCV prices passing up BLT in the next couple years.

 

[skier_pete]

Another. Possible factor is that a good portion of people buy timeshares on an emotional high while on vacation. After a few years, they decide to sell. All. BLT owners have used their points less than 5 years. On top of that, DVD building VGF and now Poly takes some of the uniqueness away from BLT. If they build at the River Country location, it will be 5 MK area DVC properties. I could see BCV prices passing up BLT in the next couple years.

There IS a point where length of contract is going to start having a negative impact on resale, even at BCV. Right now people look at 28 years versus 40+ years and it's not much difference. But another 10 years, when it 18 years versus 30+ years, that'll start to affect prices.

The truth is though I feel like its a mistake to buy based on what you hope future resale values happen. A serious worldwide recession could hit in 5 years and drop ALL resale values in the toilet.

 

[dizfan]

BC is a relatively small location with an EXTREMELY popular locale. It is very hard to book there without owning there most times of the year. Yes, the year is shorter, but to many people 27 years is more than enough time (and you can almost bet Disney will eventually start offering extensions on these 2042 resorts).

In addition, the per night point cost is higher at BLT than BCV for most of the rooms (likely standard rooms are hardest to get at BLT), so therefore you need to own more points at BLT for the same number of nights.

It will be interesting to see how they handle things as they get closer to expiration. I have a hard time imaging owners in their 70s and older willing to pay 2030s prices for an extension.will not be willing to pay the price of an extension in the 2030s.

Shareholder meetings would be brutal if they opted to underprice what would surely be prized real estate in 2042. In 2042, if they sold Epcot area resorts as new, what will top DVC locations be priced at?

Maybe they will opt for a tear down, rebuild and sell for $400/pt? Likely more money because people willing to buy new will be much younger with rising annual income.
Another option that may be possible is to ROFR points and sell them with much later expirations. I haven't looked at the Documents in awhile, but I believe they could have contracts with different end dates. They already do at OKW.

Basically, Disney holds the cards. They are beholden to shareholders to earn as much money as possible. We as owners have very little say or control. Disney won't do anything outrageous because of the backlash they could face on the Internet. However, the CEO will always need to grow earnings or lose their job.