Since the OP has asked for reasons members look less satisfied than in the past, I'm going only to list the reasons why I wouldn't buy right now. Since I'm not selling (yet) and I'm on a
DVC specific forum it is evident for me the positives are (still) more than the negatives.
The main issue is value. I bought my contracts in 2012 and 2013 and paid $50 per point for a SSR contract and I have a blue card. I cannot use my points for cruises and other exchanges, but I don't care because the point cost is irrational, I would never use the points that way.
At the time, buying DVC was equivalent to paying slightly more than a Value hotel. My previous stays at WDW were offsite or in a value, so I bought to upgrade my vacations, get more value for my money. Now I stay in Deluxe hotels spending what I would have paid for a Value hotel. Great bargain.
Not anymore. Resale costs nearly 3 times that and if I want a blue card I'd have to pay 4 times that. DVC saves money only when comparing to deluxe hotel, which I would never pay out of pocket. I could afford it, but for the money there are more interesting vacations.
The higher cost changes the risk equation. Lose the points one year and you're spending more than renting. Lose the points twice and you're probably losing money. I don't think the savings are worth the risk anymore.
The second reason is that Disney has demonstrated they're willing to do anything to gain money at the expense of the members. I'm not talking about profit. I've always said Disney has perfected the art of extracting money and make you happy in doing so.
I'm talking about 3 disgusting episodes:
- the 2020
point charts, in which they tried to increase the lock-off premium, diminishing the value of points we purchased in order to have more rooms to rent for cash
- the 2022 point charts in which they tried to create extra points playing with seasons and when Easter falls
- at some point they started keeping the refund of property taxes instead of giving it back to resale purchaser
We're not talking about offering a good service and being paid a high rate for it. I'm talking about questionable things, allegedly illegal.
The third reason is that a WDW vacation has changed drastically. Some may be due to Covid (or better, to the failure by Disney to restore services to pre-Covid level) but
Genie+ is one of the main reasons and that is here to stay. It's not that we now have to pay for something that was included, if I had to pay for the old FP+ system I'd happily do so (it would just be a price increase by another name). G+ is convoluted, stressful, bugged, irrational. I don't want to pay $15, wake up at 7am just to fail to book what I want because the app is bugged or other have been faster. My latest vacation, last December, has been the least pleasant I've ever had at WDW. I bought DVC in order to visit WDW and still have a relaxing experience, if I cannot have that, then I'd rather visit every 4 or 5 years, instead of almost yearly. At that point DVC is useless.