Did I miss something this week? What is happening with SSR resales??

[Chuck S]

Yes bothers me as well, when we bought DVC at SSR we were sold it as a deluxe now it's being offered by travel agents with free dining for less than a moderate. as an owner will this affect our MF due to more wear and tear, for the first time since buying I am beginning to doubt the wisdom of our purchase.

It doesn't bother me. In at least one previous year, Free Dining was overbooked, and people were being upgraded from a value resort to an OKW or SSR one bedroom. In reality, those rooms are turned over to CRO by DVC to offset member trades, or are owned by DVD/Disney...and they are theirs to do with as they please.

Looking to the future, and assumming that the economy will eventually improve, I would excpect these heavlly discounted deals to evaporate, and we'll still be getting a greta deal with DVC.

Besides the value of DVC (any timeshare, really) is in your personal use of the accommodations, not in resale value.

 

[kimberh]

We are not done with the downturn in the economy. Which I am sure is news to no one. Three of my neighbors have just this week lost their Jobs. I told my husband, last night, it's getting close to home now. It is scary right now. If I was in a push come to show, I would sell and get what I could out of it. So far, I don't have to do this.

 

[JimMIA]

This concerns me as a SSR owner. I looked at cash prices at all DVC resorts and SSR and OKW are alot lower than the other DVC resorts. I always wondered why but now looking at granmaz statement it turns on a little light on in my head. Does this concern any of other SSR or OKW owners?

Doesn't concern me at all, and I'd be surprised if SSR and OKW were not rented for cash ressies at a lower rate than the other properties. SSR and OKW (we own at both) are stand-alone properties. The other resorts are all attached to deluxe hotels and have deluxe hotel amenities which OKW and SSR don't have. I would expect the cash price to be higher.

Incidentally, the point cost per night is also higher at the hotel DVC's -- in fact, it's generally about 40% higher than OKW and BLT will be even higher than that.

Different product, different price.

 

[JimMIA]

We are not done with the downturn in the economy. Which I am sure is news to no one.

Actually, it is big news to most folks. Many people thought the economic problems were cured when Congress passed a few "stimulus" spending bills.

Just wait until Chrysler and GM really start to unravel. What we've seen so far is just the prelude.

 

[BWV Dreamin]

Actually, it is big news to most folks. Many people thought the economic problems were cured when Congress passed a few "stimulus" spending bills.

Just wait until Chrysler and GM really start to unravel. What we've seen so far is just the prelude.

Yes, just today, 1100 GM dealerships closing, additional 65,000 people will be unemployed....

 

[ShellyLynn3630]

Actually, it is big news to most folks. Many people thought the economic problems were cured when Congress passed a few "stimulus" spending bills.

Just wait until Chrysler and GM really start to unravel. What we've seen so far is just the prelude.

Exactly! This will have a ripple effect on many people. I don't think that many people really realize this yet. Just because you don't work with the auto industry somehow, does'nt mean it won't at some point effect you.

 

[Misty89]

Actually, it is big news to most folks. Many people thought the economic problems were cured when Congress passed a few "stimulus" spending bills.

Just wait until Chrysler and GM really start to unravel. What we've seen so far is just the prelude.

Hence the reason we are waiting until we have a big down payment (or all of it) in savings before we buy.............our city is falling apart - factories closing, ( 3 in the past 2 months) others laying people off like mad,
3 more closing by the end of the year (announced, working on servernace packages w/ unions) All of the above are tied to the auto industry and the housing market, which are not improving, only getting worse.
My DH runs a constuction business and i am a Daycare teacher - 2 jobs that could be in trouble when the ripple effect kicks in more ( it already is a little) if people are not working, they do not repair their homes or have a need for Childcare.
we do not want to buy DVC and then have to turn around and sell it because we do not have jobs anymore.


Tina

 

[Nikisha421]

now if i could just get those 70 BCV points that i want for those SSR prices I would immediately jump on board

 

[going/again]

It doesn't bother me. In at least one previous year, Free Dining was overbooked, and people were being upgraded from a value resort to an OKW or SSR one bedroom. In reality, those rooms are turned over to CRO by DVC to offset member trades, or are owned by DVD/Disney...and they are theirs to do with as they please.

Looking to the future, and assumming that the economy will eventually improve, I would excpect these heavlly discounted deals to evaporate, and we'll still be getting a greta deal with DVC.

Besides the value of DVC (any timeshare, really) is in your personal use of the accommodations, not in resale value.

never mentioned resale value so not sure where thats coming from.

 

[logan115]

never mentioned resale value so not sure where thats coming from.

As a new SSR owner I'm not really concerned if they use it for overflow, rooms/resort would still see a similar amount of wear and tear if DVC owners or guests paying cash used the rooms instead of folks moved over from the values due to overbooking.

I don't really believe that the folks that get upgraded are going to think "Disney just sent me to a nicer resort for the same money as I paid for a value stay - LET'S TRASH THIS PLACE."

And I do think that as Chuck mentioned the value you get is from actually using your DVC, that based on where SSR is "trading" resale now I think there's a lot of value in buying in at these levels. Not saying that I'll get all of my money back if I sell in 10 years, but believe that owning there is the best option for us and think we'll do pretty well.

Just my opinion,

Chris

 

[gkrykewy]

Hence the reason we are waiting until we have a big down payment (or all of it) in savings before we buy.............our city is falling apart - factories closing, ( 3 in the past 2 months) others laying people off like mad,
3 more closing by the end of the year (announced, working on servernace packages w/ unions) All of the above are tied to the auto industry and the housing market, which are not improving, only getting worse.
My DH runs a constuction business and i am a Daycare teacher - 2 jobs that could be in trouble when the ripple effect kicks in more ( it already is a little) if people are not working, they do not repair their homes or have a need for Childcare.
we do not want to buy DVC and then have to turn around and sell it because we do not have jobs anymore.

I think you're doing the right thing. Caution is the right approach here. Good luck to you!

 

[Chuck S]

never mentioned resale value so not sure where thats coming from.

The original post in this thread relates to resale prices.

 

[katdralion]

One of the reasons our friends sold was because they didn't like the downgrading of SSR by moving people from value resorts there.

For August/September 2010, Disney UK are selling SSR and OKW as moderates with free dining, and some people have said they have got there for less than POR, with free dining!

This concerns me greatly.

We are members at OKW and will be staying at WDW fromNov.29th - Dec.18th 2009.

If we weren't members we could buy exactly the same holiday from Disney UK as a package including free dining, premium passes and many extra benefits such as preferred firework viewing, sea raycer rental, mini golf and more.

The package would cost us £900 less than we are paying as DVC members for our annual dues, passes and dining plan.

This doesn't take into account the thousands of ££s it cost to buy the points from Disney.

Couple this with the low resale value of OKW and you can see that long time members here are getting a raw deal ( I think we bought in 1999 or 2000 ).

This is only a problem for owners at OKW and SSR, as these seem to be the only DVC resorts discounted ( 42% discount this year ).

Members at other resorts still get value for money, but we have no guarantee of getting into any of these resorts at the 7 month window. In fact since the opening of SSR it has become increasingly difficult to get into a non home resort using points ( we go for 3 weeks, which doesn't help ).

Is the 42% room discount at OKW/SSR and free dining (Aug.2cnd - Dec.17th) available in the US or is it just in the UK.

 

[Chuck S]

Is the 42% room discount at OKW/SSR and free dining (Aug.2cnd - Dec.17th) available in the US or is it just in the UK.

It is not available in the US, at least not yet. That doesn't eliminate the possibility of value resort guests being upgraded if the resorts oversell.

Remember that when the economy improves, those super saver cash specials will be long gone. The US free dining offer still requires full price rooms. The UK often (in fact usually) has better promo prices than we see in the US. International travel is an important income generator for Disney.

 

[culli]

Is the 42% room discount at OKW/SSR and free dining (Aug.2cnd - Dec.17th) available in the US or is it just in the UK.

any reason we can't book through the UK site? I just checked on the uk site and for the 10 days we are going in a 2 br 7 days of tiks and free dining for our group of 6 would be about $4600...........not bad. I wonder if I booked at what point would it stop me? Probably wouldn't make sense for us as I'm staying at BLT now and we have APs, but the dining might be nice. But then again I hate going out to dine I would rather eat in with the young ones....just a big hassle for us.

 

[WALTSAGOD]

One of the reasons our friends sold was because they didn't like the downgrading of SSR by moving people from value resorts there.

For August/September 2010, Disney UK are selling SSR and OKW as moderates with free dining, and some people have said they have got there for less than POR, with free dining!

So folks that stay at the Values are a downgrade from those who own at SSR?!

 

[Chuck S]

any reason we can't book through the UK site? I just checked on the uk site and for the 10 days we are going in a 2 br 7 days of tiks and free dining for our group of 6 would be about $4600...........not bad. I wonder if I booked at what point would it stop me? Probably wouldn't make sense for us as I'm staying at BLT now and we have APs, but the dining might be nice. But then again I hate going out to dine I would rather eat in with the young ones....just a big hassle for us.

I can't even get on to the UK site, I get a screen referring me to a Disney site "better suited for my location."

I'm thinking once you put in your address, if it doesn't decline you immediately, someone will catch it while processing the reservation. It is not unusual for travel destinations to have regional travel special, even within the US. For instance, certain airports are cheaper to fly out of, Disney discount/pin codes vary by state or location. Evidently, currently the UK is their target audience.

One of the reasons our friends sold was because they didn't like the downgrading of SSR by moving people from value resorts there.

As far as upgrades, Disney has the rooms at DVC resorts, those rooms are either turned over by members through trades, or are "owned" by Disney through their retained points or ROFR-ed points. They would not be available to members anyway, and they figure it is better to fill the rooms at a discount than to totally lose the revenue and have them sit empty. How is that a detriment to anyones membership value?

 

[culli]

I can't even get on to the UK site, I get a screen referring me to a Disney site "better suited for my location."

I'm thinking once you put in your address, if it doesn't decline you immediately, someone will catch it while processing the reservation. It is not unusual for travel destinations to have regional travel special, even within the US. For instance, certain airports are cheaper to fly out of, Disnet discount/pin codes vary by state or location. Evidently, currently the UK is their target audience.

Try this http://wdtc.disneyinternational.com/

 

[5forDiz]

It doesn't bother me. In at least one previous year, Free Dining was overbooked, and people were being upgraded from a value resort to an OKW or SSR one bedroom. In reality, those rooms are turned over to CRO by DVC to offset member trades, or are owned by DVD/Disney...and they are theirs to do with as they please.

Looking to the future, and assumming that the economy will eventually improve, I would excpect these heavlly discounted deals to evaporate, and we'll still be getting a greta deal with DVC.

Besides the value of DVC (any timeshare, really) is in your personal use of the accommodations, not in resale value.

Chuck, do you know how DVC determines which DVC resort(s) they'll turn villas over to CRO from to offset member trades ? ie, if I as an OKW owner trade out is DVC turning over to CRO a villa from OKW ?

TIA

 

[granmaz]

So folks that stay at the Values are a downgrade from those who own at SSR?!

Nope, we stay everywhere and have stayed at POP and loved it and would stay again no problem. I'm presuming it is the money side of things.