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[DVCLady]

Delete

 

[CapeCodFam]

I wouldn't be surprised if people get caught up in the moment. Once they realize that it's not for them or within their budget....

 

[MermaidsMom]

It was the same thing at each resort initially. There were alot of resales from people who must have bought impulsively and later changed their minds. Eventually the dust will settle. When the resort is finished and sold out it will become like all of the others- harder to buy.

 

[CarolA]

I agree. There are always people who get "caught up" in the moment and then get home and start paying the bills! Occassionally I read a post on these boards and I want to post... NO, you can't afford it. You know the ones who have no savings, live in an apt, have tons of debt and barely get by the Disney credit (Which is VERY easy!)

Plus you always have life changes, job losses etc.

I wonder if the rise in Home Equity rates will have an impact. Lots of folks finance that way and it is getting more expensive.

 

[JimC]

Buyers remorse.

 

[dallastxcpa]

I agree. There are always people who get "caught up" in the moment and then get home and start paying the bills! Occassionally I read a post on these boards and I want to post... NO, you can't afford it. You know the ones who have no savings, live in an apt, have tons of debt and barely get by the Disney credit (Which is VERY easy!)

Plus you always have life changes, job losses etc.

I wonder if the rise in Home Equity rates will have an impact. Lots of folks finance that way and it is getting more expensive.

I find some of your comments offensive, I know you probably didn't mean to be. I live in an apartment and don't have a perfect credit score. I can say that I live in a high rise apartment on the 6th floor with a 500 sq ft terrace and an apartment that is bigger than most starter homes. Granite counter tops, stainless steel appliance track lighting, living area, two dining areas, a media room, two bedrooms and two baths, concierge, 6th floor pool, hot tub, fitness center, grand salon, billiards room, and Havanna cigar room. So to say that because someone lives an apartment they can't afford DVC is a sad stereo type. Please refrain in the future.

 

[AJKMOM]

They probably meant that if someone lives in an apartment, they can't afford a home of their own. The American Dream is to own your own home, paying rent is not fiscally sound. You live in a nice apartment, but they aren't all as nice as yours, thats for sure. I've seen a lot of crummy apartments with high rent.

I think resales occur because people purchase in the "spur of the moment" and don't think about all the costs down the line.

 

[dallastxcpa]

They probably meant that if someone lives in an apartment, they can't afford a home of their own. The American Dream is to own your own home, paying rent is not fiscally sound. You live in a nice apartment, but they aren't all as nice as yours, thats for sure. I've seen a lot of crummy apartments with high rent.

I think resales occur because people purchase in the "spur of the moment" and don't think about all the costs down the line.

But that's the whole point to say that someone can't afford a home of their own because they live in an apartment is a stereotype. Many people choose to live in apartments because they are not in the city they permantly want to live in, maybe they are recently divorced, they are having their home remodeled, or maybe like me they don't like living in a neighborhood were everyone is married with 2.5 kids driving either an SUV or minivan.

That's why we bought SSR. Close to the action and easy to stumble home at 3 AM disturbing all those people who go to sleep at 8PM. (Just joking we are quiet drunks who party on the patio and smoke next to non-smoking rooms)

 

[athenna]

That's why we bought SSR. Close to the action and easy to stumble home at 3 AM disturbing all those people who go to sleep at 8PM. (Just joking we are quiet drunks who party on the patio and smoke next to non-smoking rooms) [/QUOTE]

Good to know I have neighbor's that know how to have a good time!

 

[Renate_do]

how it works with the down payment cause I do not get any official informatione while at Germany and I would like to be prepared when going next.

I understand that it might be possible to pay our points by a credit from Disney.
How does it work with the resales? do these companies offers that too?
How much is the mortage for such credits?
Do you have to pay a fixed amount (%or$) when signing the contract?

Sure a lot of quiestions, but I hope someone can help me

Greets from snowy Germany
Renate

 

[Beca]

It was the same thing at each resort initially. There were alot of resales from people who must have bought impulsively and later changed their minds. Eventually the dust will settle. When the resort is finished and sold out it will become like all of the others- harder to buy.

Except, I always think SSR resales will be plentiful. Look at how many are usually available at OKW, and there are only 500 units. When SSR is completed and has 838 units....well, I think when the "dust" settles, we will still see quite a few SSR contracts on the market at any time.

JMHO,



Beca

 

[goldilocks_63]

I think CMs get a nice discount. Maybe a few are people buying at preconstruction prices, or CM discount, or some other discount....

and then selling for a profit.

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