Direct Purchase benefits announced!

[maminnie]

Irrelevant. Corporations exist to maximize the value of their assets. Before building on a piece of land, Disney is going to consider many alternatives. And if we reach a point where leasing the land out for a Super Target has a higher ROI than building a DVC resort, we're gonna get a Super Target.

Highly doubt this will lead to any mass revolt. Look on the boards and you'll find people who are thrilled to announce their purchase--people who bought days after the change was announced.

Every change yields some dissatisfaction. This one happened to push your buttons. If it prompts you to sell, you will be in the minority.

Then DVC should quit devaluing their current members contracts and those that helped make them successful and who continue to pay the current bills at the current resorts and rent any outstanding land to Super Target if Super Target yields the ROI that they need to be successful.

For those that are enjoying the results of this latest change and are thrilled, I sincerely hope that they don't have to sell in the future.

 

[Joan of Arc]

I am so sorry but I had to laugh at this. Business and Ethics in the same sentence. A business only cares about what it can legally get away with, what creates a profit, and what makes the stakeholders happy. It could care less about the consumer itself, only the consumer's money. Ethics has nothing to do with it. And the ones that do can about consumers seem to go broke unfortunately. In this day in age, it is survival of the fittest.

Sad but True and that is what has gone so wrong. Disney, however, has been a business that to a large extent was thought of as working off of a different premis. A company that could be trusted, not ruthless and unfeeling to its customer base. This has been their marketing stratagy. They have used this perception to their advantage. You cant blame people for believing in the magic. Well, I guess you can,but doesnt DVC hold blame as well for selling buy a piece of the magic purposfully evoking the emotion and trust of their customer base. A long standing trust that was established from years of doing busniness more ethically. Some one pulled the mask off of supermouse.

 

[maminnie]

I am so sorry but I had to laugh at this. Business and Ethics in the same sentence. A business only cares about what it can legally get away with, what creates a profit, and what makes the stakeholders happy. It could care less about the consumer itself, only the consumer's money. Ethics has nothing to do with it. And the ones that do can about consumers seem to go broke unfortunately. In this day in age, it is survival of the fittest.

In this day and age it is those that have ethics that may actually be the ones that survive.

Disney sold all those contracts because people believed in them and their product....that may not be the case in the future.

 

[maminnie]

It doesnt push my buttons, it hits me in the head with a resounding thud. I am not selling, but my point is that I am not buying anymore. Who knows what is next. Might get even more enhancements that give me a headache, as I try and figure out how the enhancement has enhanced my ownership. As was stated earlier "Damage control is costly" I dont want it to be at my expense.

I don't want it to be at our expense either and why on a relaxing Friday night I have spent valuable family time discussing with my husband whether to sell or keep our two contracts.

Absolutely rediculous that I have had to waste such time on such a fruitless matter created by none other then DVC.

 

[nyck]

In this day and age it is those that have ethics that may actually be the ones that survive.

Disney sold all those contracts because people believed in them and their product....that may not be the case in the future.

You don't buy a timeshare because you "believe in a company", you buy a timeshare for location and vacationing in the future. The company could sell it off to someone else later and hang you out to dry. I am not a dreamer and I wouldn't drop that kinda money based on a Disney fairytale ending. It is a business. Plain and simple. And no business is perfect

And as for economics here in the US, ethics doesn't make money or keep a company alive. Profit making business tatics is what makes money right now, and unfortunatly at the expense of others.

 

[lugnut33]

... and if you had sold a contract last July you could get more than if you sold it today.
If you had sold a contract 2 years ago, you could get more than last July. With a RTU timeshare there is a point when the "value" will decline all the way to zero.

The only change made thus far by Disney is to minimize their use of ROFR . IMO that is the single biggest factor in the decline in resale "values" over the past couple of years.

YMMV!

Thus the reason why Disney has no interest in using ROFR anymore. Why should they when time will only decrease their investment.

 

[Maistre Gracey]

... and if you had sold a contract last July you could get more than if you sold it today.
If you had sold a contract 2 years ago, you could get more than last July. With a RTU timeshare there is a point when the "value" will decline all the way to zero.

I'm talking about the value dropping over night, with the same amount of use years remaining.
IMO it's silly to suggest this change will not reduce the value of a contract. I mean, would you pay the same price for two used cars, identical in every way except one has air conditioning and the other doesn't??

MG

 

[Joan of Arc]

You don't buy a timeshare because you "believe in a company", you buy a timeshare for location and vacationing in the future. The company could sell it off to someone else later and hang you out to dry. I am not a dreamer and I wouldn't drop that kinda money based on a Disney fairytale ending. It is a business. Plain and simple. And no business is perfect

And as for economics here in the US, ethics doesn't make money or keep a company alive. Profit making business tatics is what makes money right now, and unfortunatly at the expense of others.

I think you are so wrong. Plenty of people bought because they believed in the company. Just zip over to the cruise board and see how crazy people are to hear the new horn from the Disney Dream. No where do you see people going crazy to hear a ships horn,but disney's customer base. Disney sells dreams and magic and unfortunately may not be able to do so in the future. They will just sell a timeshare like all the others. Not why we chose them. I can get that any day of the week and at a lot less money. The magic is what commands the higher price and take that away and its just another timeshare.

 

[maminnie]

I think you are so wrong. Plenty of people bought because they believed in the company. Just zip over to the cruise board and see how crazy people are to hear the new horn from the Disney Dream. No where do you see people going crazy to hear a ships horn,but disney's customer base. Disney sells dreams and magic and unfortunately may not be able to do so in the future. They will just sell a timeshare like all the others. Not why we chose them. I can get that any day of the week and at a lot less money. The magic is what commands the higher price and take that away and its just another timeshare.

Have been on multiple DCL cruises (and I even used points on a couple of them contrary to what some people on the DIS think about the value of doing that) and had to laugh at this one!!! How true it is!!! That horn just gets you all emotional!!!

Many people don't just buy a timeshare from DVC they buy 'Disney Magic'. When the magic is gone so goes many buyers. Wonder what DVC's ROI will be if and when that happens???

 

[Chuck S]

I think you are so wrong. Plenty of people bought because they believed in the company. Just zip over to the cruise board and see how crazy people are to hear the new horn from the Disney Dream. No where do you see people going crazy to hear a ships horn,but disney's customer base. Disney sells dreams and magic and unfortunately may not be able to do so in the future. They will just sell a timeshare like all the others. Not why we chose them. I can get that any day of the week and at a lot less money. The magic is what commands the higher price and take that away and its just another timeshare.

If anyone buys an expensive timeshare product with continuing fees because they believe in the company, magic and expect continuing resale value if they decide to sell and not because it is where they would normally vacation anyway, they don't realize a savings in accommodation costs spread over years of regular usage, and the basic programs of the timeshare usage work for them, then they have made an expensive mistake. It is a tangible investment in future vacations and needs to be viewed that way...not as buying magic, or as a profitable investment at the resale level. The Product Understanding Checklist and other associated legal paperwork contains no mention of magic.

Like it or not, legally and under the law, DVC is "just another timeshare."

 

[DeeCee735]

I wonder how this will affect a family transfer. If I leave my DVC points to the kids in my will, would that be considered a resale?

no, this is an inheritance, you're not selling them to your kids.

 

[RobDoc]

I'm talking about the value dropping over night, with the same amount of use years remaining.

I guess we'll have to wait until then to see if resale prices do drop "overnight" especially since they have steadily declined over the past two years already without policy change by Disney.

In that scenario you are also predicting then that they could never increase again too (as in if ROFR becomes more active and/or the economy improves), right?

Stay tuned!

 

[Joan of Arc]

Have been on multiple DCL cruises (and I even used points on a couple of them contrary to what some people on the DIS think about the value of doing that) and had to laugh at this one!!! How true it is!!! That horn just gets you all emotional!!!

Many people don't just buy a timeshare from DVC they buy 'Disney Magic'. When the magic is gone so goes many buyers. Wonder what DVC's ROI will be if and when that happens???

Isn't it true that the magic is palpable This is not your typical company. Grown adults cry and what does that inspire? oh boy,I can buy a piece of magic for me and my family. That is why many of us buy. If DVC strips the magic little by little, there will only be a timeshare. Well, who cares about that?

 

[LouisianaDisneyFan]

no, this is an inheritance, you're not selling them to your kids.

Yep, I posted what Sue in Member Administration told me regarding this topic here:

http://www.disboards.com/showpost.php?p=39589071&postcount=33

 

[tubtruck]

I have 3 contracts, one for 250 points at SSR bought in 2006, and two with a total of 125 points at BLT bought in 2009. The way I look at it is I have had 4 summer good summer vacations using the SSR points and to be honest it owes me very little already compared to what it would have otherwise cost me each year.

Yes I would have stayed on site at delux resorts for around two weeks each year for the last four.

We have banked points for this year and we are there for two weeks and bring the MIL along so need 2 bedroom accommodations we are staying at BCV, THV and BLT.

I am pretty sure that lot would be coming out at a heck of a lot more than our $1550 or so annual dues. For me if we use them both for a few more years until transatlantic flights become so expensive all but millionaires are back to riding horses and they are worth nothing we have had a great deal. If they are actually still worth some money we will have had an amazing deal.

 

[JimMIA]

Isn't it true that the magic is palpable This is not your typical company. Grown adults cry and what does that inspire? oh boy,I can buy a piece of magic for me and my family. That is why many of us buy. If DVC strips the magic little by little, there will only be a timeshare. Well, who cares about that?

"Disney Vacation Club" IS a timeshare. It's not "Mickey Mouse Club," or any other kind of club.

It's a business model predicated on making HUGE profits from the initial sale of room nights of vacation lodging for many times what the rooms would be worth as a dwelling or hotel. That's where their money is, and that's all they care about.

People who sell DVC are timeshares salespersons. They are not your friend, and have no obligation -- legal, ethical, or any other kind of duty -- to look out for your interests. They look out for their own interests -- which are selling timeshares to provide for their families. In terms of respect as a profession, timeshare salesmen rank just below members of Congress and well below used car salesmen...and with good reason.

Anyone who expects anything more from DVC -- or any other timeshare company -- is REALLY naive. And they are truly setting their families up for a big financial disappointment with their unrealistic assumptions and expectations.

 

[Joan of Arc]

"Disney Vacation Club" IS a timeshare. It's not "Mickey Mouse Club," or any other kind of club.

It's a business model predicated on making HUGE profits from the initial sale of room nights of vacation lodging for many times what the rooms would be worth as a dwelling or hotel. That's where their money is, and that's all they care about.

People who sell DVC are timeshares salespersons. They are not your friend, and have no obligation -- legal, ethical, or any other kind of duty -- to look out for your interests. They look out for their own interests -- which are selling timeshares to provide for their families. In terms of respect as a profession, timeshare salesmen rank just below members of Congress and well below used car salesmen...and with good reason.

Anyone who expects anything more from DVC -- or any other timeshare company -- is REALLY naive. And they are truly setting their families up for a big financial disappointment with their unrealistic assumptions and expectations.

And this is where in lies the problem. How they sell and what they sell are starting to contradict each other. People will be able to see this much clearer with this selfish move. We demand the Disney experience from every other part of our experience with them. That is why even those who bought just a timeshare like you, paid considerablly more to be closer to the magic. Its what its all about.

 

[JimMIA]

A little perspective in an emotional discussion:

A mouse -- even THE Mouse -- is just a rodent. All rodents bite, and they're just rats of varying sizes and appearances.

 

[Joan of Arc]

A little perspective in an emotional discussion:

A mouse -- even THE Mouse -- is just a rodent. All rodents bite, and they're just rats of varying sizes and appearances.

 

[maminnie]

A little perspective in an emotional discussion:

A mouse -- even THE Mouse -- is just a rodent. All rodents bite, and they're just rats of varying sizes and appearances.

I would have to agree with you on this one but I don't believe Disney's intention when making decisions is to be perceived as a rodent that bites those that support them. And remember many rats and mice, end up in traps if they are not careful.....