Disney takes risk, adds time shares despite recession

[CR Resort Fan 4 Life]

http://www.orlandosentinel.com/travel/attractions/orl-disney-time-shares-053109,0,3807077.story

 

[Cheshire Figment]

So should Disney have just stopped construction in mid-stream and let the partially completed buildings deteriorate as they have done with part of Pop?

 

[mitros]

People are apparently still buying memberships. We bought ours when the DVC was first offered, and paid $53 a point. Now, at over $100 a point, I can't believe people are still buying these things. Must be a lot more money out there then the news is reporting.

 

[monkeyknuckler]

Quote: During Disney's second fiscal quarter last year, Vacation Club sold $42 million worth of mortgages. It didn't sell any during this year's second quarter.
That doesn't sound right, does it? No timeshares sold in a 3 month period?
I must be missing something.

 

[MAYNARDS99]

The mortgages or loans for the time shares have not been "bundled" and sold to investors. This means Disney gets immediate payout instead of over many years. Disney was unable to sell any bundled mortgages in the second quarter of 2009 due to the current credit crunch.