Dues increase summary

[bongo59]

this is the price of keeping the resorts in nice shape...................

 

[RayJay]

Housekeeping: up about 10 cents/point, or 15%

?????, for what, they getting that much of an increase? Most raises are 3%.

 

[cseca]

ok, I really suck at interpreting this annual dues stuff. So could someone tell me in layman's term why BWV and VWL have the highest dues?

Thanks a bunches...

 

[Plutofan]

ok, I really suck at interpreting this annual dues stuff. So could someone tell me in layman's term why BWV and VWL have the highest dues?

Thanks a bunches...

Someone may be better at answering this question but I would assume it is because there are less points to spread the cost over since BWV and VWL are smaller DVC (they are attached to non DVC resorts)

 

[Tigger1]

How can Trip insurance justify paying oly $5.00 per point if you have to cancel your trip. That does not evrn cover the maintenence fees.

Tigger

 

[DebbieB]

>>>Originally Posted by dvc_john
Housekeeping: up about 10 cents/point, or 15%.<<<<

?????, for what, they getting that much of an increase? Most raises are 3%.

I'm sure that also includes benefits. Health Care Insurance costs are skyrocketing.

 

[Snow Shoe]

There will be no special assessment at Vero from all of the hurricane damage. I received a letter from Disney just before Christmas, stating that the insurance paid off, and that there would be no need for the special assessment at Vero.

 

[Plutofan]

How can Trip insurance justify paying oly $5.00 per point if you have to cancel your trip. That does not evrn cover the maintenence fees.

Tigger

Buying trip insurance from Disney is not always a good value. You should go to www.mousesavers.com and do a search on trip insurance. There will be a link to a web site that allows you to put in your request and get a lot of quotes based upon what you are looking for.

 

[RobDoc]

How can Trip insurance justify paying oly $5.00 per point if you have to cancel your trip. That does not evrn cover the maintenence fees.

Tigger

None of the DVC resorts have dues higher than $5 per point except for the non-subsidized VB owners. Since these reservations have "paid for" using points, the $5 reimbursement does cover at least the "actual" cost to the member for the current year. I would agree though that this does not include any "value" for the purchase cost or mortgage interest paid on those points - but it certainly does reimburse the actual cost of the points.

Some have reported using other forms of insurance - perhaps they will chime in with their experiences.

 

[Plutofan]

I would think that the $5 does not even cover the cost of the points. Most DVC resorts have annual dues at least $4.25 per point. You will also need to amortize the cost of the origianl price since one year of the points are no longer available. SSR has the cheapest dues at $3.98. If you purchased 100 points at the current incentive rate of $83.30 and got points for 2005 then (83.30 x 100 points)/(49 years x 100 pts) = $1.70. You lost $1.70 of your origianl cost. Your cost of the current year points would be $1.70 + 3.98 = $5.68.

 

[bicker]

The question, really, is whether enough members would be willing to pay more for the insurance to have a higher value associated with insured points... I suspect the answer is no.