Best two bedroom condo, villa in orlando area

[treesinger]

A silly question...
Why would anyone want to buy DVC, which is only a temporary ownership of time, rather than a timeshare that is deeded and can be kept in perpetuity? Besides the obvious Disney magic, perks, etc. I'm asking on a purely economical standpoint

I don't get it.

From what I understand, Celebration II is fairly new and, CMIIW, owned by Disney. (??)
I also saw that Disney owns some empty land right off 192 on Old Lake Wilson Rd. I think it is future development for more resort property. Called the Osceola Project. I have no details or specific knowledge.

 

[ftmyersgirl]

Jason,

It is not a silly question and one I have been struggling with for one month since not only are there wonderful off-premise timeshares but every time a new timeshare opens there is a period of time where non-owner's can rent for a reasonable price. These opportunities appear to be never-ending as timeshares are going up yearly.

Staying on premise has advantages if you want to take participate in the night life Disney ofers, dining, drinking and using the Disney transportation instead of driving.

Also, if you have children that you don't want to be lugging to and from parking lots to go back to off-premise hotels for naps.

Some people describe the on-premise experience as "magical" and do not wish to break the spell.

A couple of points though. The ownership at Disney is deeded. Actually, no rights in property run in perpetuity. You can own property in fee simple and deed it over to someone else or pass it to someone else by will. You can also own property rights for a determined period, which can be deeded, or inherited by someone else but just for the period set out in the deed. The
latter is the case with Disney.

I know that having property rights which are not restricted to a period of time would be preferable. Disney does not offer that option. Another thing I find objectionble is that the people who purchased in 1991, when the timeshares were first offered, bought their points for less and can hold them for a longer period. Also, as time moves on, the ability to sell the points will be diminished by the fact that at some point people are going to realize that there are diminishing returns. I mean would someone pay the 12,000 for points if they knew only 22 years remained on the deed?

As I said, I am trying to weight the relative values and decide. Bear in mind that the curve for timeshares to look and feel like luxury vacation homes is very low. Disney, may not allow these properties to fall to the state of disrepair that others have fallen. This may be wishful thinking.

 

[spiceycat]

hey I brought DVC back in 93 and yes it was a great deal. and still is. (besides you forgot to add the free tickets we got until 12/31/99).

why - you are on property that in itself is great, so you have access to all the WDW transportation, early morning entry, E-nights, and you never leave the Magic.

now I have recently stayed in the Marriott's Grande Vista (twice once in a 1-bedroom and once in a studio) and Hilton's Grand Vaction Club (studio), Westgate, several hotels (for those Fri and Sat night stays) and there is a difference in staying on property and off.

I would rent points from a DVC member and stay at Old Key West in a 2-bedroom. OKW has the biggest room and the most space of any of the DVC resorts. It is also the furthest from the parks. So less points and therefore less cost to you. This is a beautiful resort - but since it is the only DVC resort on WDW property that is not next to a theme park - they give you a break points/price wise.

now if you are going to other parks or other places not just WDW then definitely stay some place else. Which is why I have started to stay at other places - besides I just brought a SA timeshare for trading and it has great trades - Hilton Grand Vacation CLub 2-bedroom for October and next year Sheraton Vistana Resort again a 2-bedroom for Thanksgiving. I am trading a 1-bedroom in SA white season.

Now if you want to stay onsite and still have all the comforts of home then DVC is it. Or if you are only interested in WDW.

However if you are interested in us/ioa, sw, china, silver springs or any of the other parks and places of interest then there are lots of great places to stay in Orlando.

I recently stayed in Royal Pacific - the new Universal hotel - it is great I would recommend it to anyone! however it is a hotel, not a condo.

Oh one more thing - if you aren't going to buy DVC don't buy at timeshare in Orlando - far to easy to trade into - just look at my SA trades.