buy where you want to stay? Why?

[Dean]

Originally posted by SlyHubby


The point I was raising was specifically that DVC is charging $80/point now for the WDW resorts and $60/point now for VB/HH. That is not an inaccurate "assumption" that is a fact. That is a $20/point difference.

Further, depending on how the fees are structured (if taxes rates are higher for instance at VB/HH), some or all of the difference may be tax deductible.

Your "assumption" that it only takes about 15 years to make up the difference is an inaccurate one - because if you have $4000 in savings today, that is in-pocket savings now. Inflation adjusted, $4000 is more like $8000 in 15 years.

If you are making reservations 6 or 7 months in advance anyway and not utilizing the 11 month window, there is no need to pay the higher price - you have the same ability to get a particular resort as everyone else.

Bottom line, in 39 years they are all worth nothing. Like a car, it is a depreciating asset (once the price/point starts to come down - which it eventually will - and sooner than 15 years from now). As time goes on, I look at it no differently than a car.

My reading of your post was that you were asserting buying VB for $60 per point might be the best AND cheapest long term option. I don't agree with that statement nor do I think that just anyone can call DVC today and get points there are $60 per point, but that's only my opinion.

I know there was one post about $60 per point but I think that was a special situation. It also assumes you give up your first years points. Using the MB program, the price per point difference buying directly from DVC is $10 per point, not $20. Even if you could get VB for $60 using MB, you'd still need to compare either to the MB at BC making it $75 per point or more likely the value of the first years points, more like $10 per point difference. Besides, if the cost is the main issue and one doesn't care which home resort, resale is the appropriate comparison. Also, the MB for HH is only $10 pp while it's $15 at HH. The rough guideline of 15 years to make up the difference was comparing to the lower fees of OKW but the same arguement could be made for HH I suppose as HH has lower dues. True $4000 in hand would be $8000 later but with the fees difference compared to OKW, you would lose around $300 every year so at some time you'd run out of money, my estimate was around 15 years but it could be more or less depending on many factors.

The other problem is it's getting increasingly more difficult to book at the 7 month window and I think it will be still harder in the future. True some times of years are still easy and in that situation a point is a point. As per depreciation, I'd say it will likely start to show up somewhere around 28-30 years out but will take a slow course early. In the mean time, it's actually going up. My guess is in 15 years DVC resale is worth more than it is today though it may be on the downslope from $100-120 per point retail ($80-100 resale).

Interesting Discussion.

 

[crisi]

I was of the understanding that while you could spend your points at any DVC resort, Disney did not have a contractual obligation to continue that practice - nor do they guarentee that all the current DVC resorts will still be DVC resorts in the future. If you buy at VB with the intention of staying at WDW, and DVC sells VB, WDW may no longer be an option for your points at with any window.

I don't agree with "buy where you want to stay." But do completely agree with the sentiment "buy where you won't be disappointed if you end up there."

 

[Maistre Gracey]

Originally posted by SlyHubby
The point I was raising was specifically that DVC is charging $80/point now for the WDW resorts and $60/point now for VB/HH. That is not an inaccurate "assumption" that is a fact. That is a $20/point difference.

Perhaps I am missing something here, but I think you are factoring MB into VB, and not for WDW resorts.

Again, I may be over looking something, but I see the comparison as $60/pt v $70/pt with MB factored in.

 

[JADEMM]

"buy where you want to stay? Why?"

That would be tough for us. Lets see, I will need 150 points for BWV, 150 points for VWL, 150 points for OKW and 150 points for BCV.

 

[CarolMN]

Originally posted by JADEMM
"buy where you want to stay? Why?"

That would be tough for us. Lets see, I will need 150 points for BWV, 150 points for VWL, 150 points for OKW and 150 points for BCV.

What??? You don't want to stay at VB or HHI????

 

[Synonymous]

If you can change your vacations so you don't go at the very busiest times, you won't have any trouble making reservations at 7 months or less. We've only stayed once at our primary home resort so far, and don't plan on going back there for awhile.

I think "Buy where you want to stay" is over-rated. What is important is flexibility. If you can be flexible, then don't worry about where you buy.

 

[mikesmom]

I once would have agreed with you. I've had instances where if I changed the room size or the dates by a day I could get something. However, in this past year I have noticed that there have been long chunks of time (particularly first 2 weeks of December or during the Food & Wine Fest) that there was absolutely NO availability of any room size, at any DVC resort. Obviously, those that used the 11 month window grabbed their ressies and that was that. We also tried to get a couple of days at Vero at the end of May. While the dates were not flexible, I would have taken almost any room, any view (I did turn down the Beach cottage - who have been ridiculous for only 4 of us). Again, no luck.

Sooo, I would agree. Buy where you want to stay! (and don't wait 'til that 7 month window if you're serious!)

 

[Synonymous]

I got ressies at BCV during Food & Wine Fest at less than 7 mos.

 

[Richyams]

BCV is a little different of a situation. They have more inventory declared into DVC than they have owners. They may have been sold out on points, declared inventory into DVC and then all of a sudden have availability.

I too thought he was comparing resales. Resales at OKW vs HH or VB are going to be very close with OKW being possibly some small amount higher.
If you intention is to stay mostly at WDW and If you compare through Disney, that ten dollar difference is NO WHERE near enough of a saving to be saddled with paying the highest dues of any resort and being forced to deal with the seven month window.

Since the savings aren't nearly as much with a resale, it is even less worth the savings.

Buying where you want to stay is as true today as it ever was.