BLEH - I just can NOT decide

[littlewilson25]

I would love to buy a BCV contract but am so hung up on the 2042 expiration. I can't believe that the price point for these contracts is still on the rise, and I wonder when it will begin to drop. I know that there's the possiblity that Disney will offer a similar extension incentive to OKW, but it's just a possibility. The fact that the offer was made only for OKW and not the remainder of the 2042-expiring resorts makes me less than optimistic about that possibility.

UGH. Are there any rumors out there concerning future extensions on BCV or BWV contracts?

 

[AKV707]

None that I am aware of. It is possible, though. The old tried and true adage is to buy where you want to stay. If BCV is your choice, then go ahead and buy. You will have 35 years of great vacations and to possibly extend your contract. While you can buy AKV or OKW with a 2057 expiration, if neither really appeals to you and BCV does, then your choice is clear. BCV is small and hard to book at 7 months for those of us who do not own there.

 

[tor]

BCV is a tough one to get at 7 mos

 

[littlewilson25]

Totally makes sense (buy where you want to stay, that is). It's just that bad taste in my mouth when I think about how infinitely better a deal this would have been had I been looking into it 10 years ago. Since then, the prices have gone up and up for a benefit of a fewer and fewer # of years. Annoying. I really do wonder at what point the prices will peak.

 

[tor]

I dont know if there is a peak or will there be extensions. Where in North Jersey originally from Ringwood here

 

[littlewilson25]

I dont know if there is a peak or will there be extensions. Where in North Jersey originally from Ringwood here

Ramsey.

Where in LI? I'm from Whitestone (Queens) and East Meadow.

 

[crisi]

Would you be happier spending 35 years staying at a resort that isn't your preferred resort, and getting an extra 15 years, or happier if next year you were staying at your preferred resort?

I'd rather spend 35 years where I want to be than 50 where I don't.

 

[Granny]

Totally makes sense (buy where you want to stay, that is). It's just that bad taste in my mouth when I think about how infinitely better a deal this would have been had I been looking into it 10 years ago.

Any new buyer could say the same thing. Many of us kick ourselves for paying for many vacations at WDW resorts when that money could have gone towards DVC. Just a fact of life, and really shouldn't leave a bad taste in your mouth. That would be like refusing to buy Microsoft stock because you know that the early buyers many years ago did very well with it and you probably won't be able to repeat that level of success.

Since then, the prices have gone up and up for a benefit of a fewer and fewer # of years. Annoying. I really do wonder at what point the prices will peak.

Nobody knows when the points will begin to decline. But do you really want to wait 5-10-15 years for that to happen?

If DVC makes sense for you, then by all means go ahead and buy. But you will need to get past the feeling that you aren't getting as good of a deal as those who purchased five or ten years ago.

I agree with those who indicate that if you want to stay at BCV most of the time, you should buy there. If you would be happy staying at SSR or AKV for many of your trips, then you should buy there knowing that getting into BCV will be challenging at times.

Good luck!

 

[DVC Mike]

Would you be happier spending 35 years staying at a resort that isn't your preferred resort, and getting an extra 15 years, or happier if next year you were staying at your preferred resort?

I'd rather spend 35 years where I want to be than 50 where I don't.

My thoughts exactly! I did an add-on at BCV just this year. To me, it's a great resort and I wanted the ability to have the home resort booking advantage. I would much rather stay at BCV than SSR, despite the fact that SSR is less expensive and lasts longer.

 

[bobbiwoz]

I don't know DVC Mike, but we own at the same on site resorts (we also own VB) and we just did a BCV add on this year too! When we bought in '03, they actually were still selling BCV, I suppose the price was $84 that's what we paid for the BWV contract (late summer '03). For F&G each year we keep changing our ressie to BCV from BWV, and finally, I realized that we would love to spend a week at BCV with extended family every so many years, so we bought some this summer and paid the new price of $101 a point. Our family vacation there will be in '09!

Bobbi

 

[Chester's Mum]

Are you a new (non yet) member, by any chance? I was, a couple of months ago, when I purchased my BWV contract.

I'd like to say 2 things to you:

1. I don't mean to be intrusive, but how old will you be in 2042? If you will be relatively young, then then date might be an issue for you. Personally I will be 85. Hopefully I will still be able to go to Disney then, but the date didn't bother me because of that. I love the location of BWV and if you love BCV you should make your decision based on that.

2. Have you heard about addonitis? It's a chronic condition that strikes DVC members almost immediately they close on their first contract. DVC is expanding fast and I fully expect to have added on at other resorts before my 2042 contract expires. As a matter of fact, I'm in the midst of a severe attack of addonitis right now. Money is the only thing holding me back, but as soon as I have saved it, it'll be on its way to Disney...and if I'm in no condition to use the points, I've raised two disney junkies who will be happy to take them over. They won't go to waste.

More seasoned members than I, will tell you buy where you want to stay, you won't regret it. On the other hand, you will regret not owning there if you can't get your chosen accommodations for your vacation. Good luck with your decision.

 

[crisi]

To be clear, my answer is the right answer for me.

If you are much younger than I am, the extra years may be much more attractive.

If you would be happy anywhere at WDW - you just happen to like BCV but don't have a strong attachment to it, then the extra years may be more attractive.

 

[tor]

Ramsey.

Where in LI? I'm from Whitestone (Queens) and East Meadow.

We are a little further out than that Mt Sinia than Rocky Point. We own at BWV and SSR and are considering Hawaii originally we looked during OKW but didnt buy until BWV and we love that area better than any monorail resort because of the night life and easy walking to EPCOT and not so easy to MGM. As far as the extra years that is why we added on at SSR instead of BWV but it took some time to grow on us but now we like it just not as much and if we book at 7 mos we use those points first.

 

[littlewilson25]

Thanks all! I love hearing your thoughts on this, and yes - I know that it's primarily a matter of me getting over the fact that I would have benefitted from buying many years ago. (Microsoft, too.)

Yes, BCV (or possibly BWV) is the location I want b/c of proximity to Epcot and MGM, and specifically BCV for SAB (I have 2 little kids).

I'll be 69 in 2042, so I could certainly see me or my kids using it, and further - if I did decide to sell the contract at some point the 2042 contracts will (at some point) be nearly worthless while SSR and AKV will retain their value longer.

*sigh*

 

[tor]

BCV definitely has the better water slide but I never got into the whole sand thing at the pool and you have an easier walk to epcot which is really nice at the end of a long day.

The way I look at the expiration date is if the extension comes I'll buy it and be greatful if it doesn't oh well I got what I paid for.

The resale value shouldn't be that important because what ever the value is it is more than the value of a reservation from the CRO at the end of the stay. This is really prepaid vacations not a real estate investment.

 

[craig15]

I'm not a DVC member, but I have been looking into it lately.

What I find odd about the whole thing...
- I can buy SSR or BCV for about $85 per point at a resale site.
- SSR expires 2054
- BCV expres 2042
- I decide to buy BCV
- Now let's say that an extension is offered to BCV as was done with OKW
- I pay $15 per point to extend my BCV
- So now total cost for a mid-2050's expiration is $85 for SSR, or $100 for BCV

That's a big difference!

 

[littlewilson25]

I'm not a DVC member, but I have been looking into it lately.

What I find odd about the whole thing...
- I can buy SSR or BCV for about $85 per point at a resale site.
- SSR expires 2054
- BCV expres 2042
- I decide to buy BCV
- Now let's say that an extension is offered to BCV as was done with OKW
- I pay $15 per point to extend my BCV
- So now total cost for a mid-2050's expiration is $85 for SSR, or $100 for BCV

That's a big difference!

This is true, although I think right now the resale SSR price is a little lower and BCV a little higher, so the ultimate difference will be even greater. Plus, if and when an extension is offered for BCV, I'd bet that it will be for well more than $15pp. Plus, we have no idea if an extension will ever even be offered!

BUT...if it's about buying where you want to stay (and I'd argue that, in large part, it is), BCV would still win out for me.

 

[craig15]

Plus, if and when an extension is offered for BCV, I'd bet that it will be for well more than $15pp.

Why do you think that?

 

[littlewilson25]

Why do you think that?

Simply because as time goes by, the dollar value of points rises. Inflation. Just a guess.

 

[Maistre Gracey]

Why do you think that?

In addition to littlewilson25's reasoning, BCV usually commands more bucks.
I believe DVC is even selling BCV at a higher price than the other 2042 resorts.

MG