DVC Dues History (Est.) with Annual Increase Figures

[RobDoc]

Originally posted by Granny
Wow, there goes many years of the adage that OKW is the lowest maintenance price per point!

Didn't take SSR long to take over that title, though I'm sure most expected it due to its eventual size. I'm not sure I expected it so soon, but that OKW increase made enough room for SSR to wiggle in underneath it!

Actually, OKW had the lowest dues ONLY in 2002 (and prior to 1995 when it was the only DVC resort). Since VB opened in 1995, it's subsidized owners have paid lower dues except for 2002. In 2005, it appears that both the subsidized VB owners and all SSR owners (also subsidized) will have lower dues than OKW.

 

[goofynme]

Thanks for the #'s...great resource!

 

[Granny]

Originally posted by WebmasterDoc
Actually, OKW had the lowest dues ONLY in 2002 (and prior to 1995 when it was the only DVC resort). Since VB opened in 1995, it's subsidized owners have paid lower dues except for 2002. In 2005, it appears that both the subsidized VB owners and all SSR owners (also subsidized) will have lower dues than OKW.

Point well taken Doc. I wasn't including VB because the dues were subsidized, and many owners there don't receive that subsidization.

 

[goofynme]

Bump

 

[RobDoc]

HH est. dues for 2005 are $4.0356 per point.
Operating budget is $3.1351, Cap Reserves is $0.6445 and est taxes is $0.2560 .

 

[JimC]

BCV is 4.2694
Operating 2.8974
Capital reserves 0.5357
Ad valorem taxes 0.8363

 

[JimC]

VB in 1999 was 3.9902

 

[JimC]

Thank you for all your hard work collecting, analyzing and updating these tables!

 

[POOH&PIGLET]

Great work! Thanks!

 

[cruise-o-matic]

Bump

Can one of the Webmasters make this a "sticky"? At least until the Search function comes back?

 

[Good Ol Gal]

Thanks for the update.. We are new to DVC, but it sure is neat to look at all the other resorts.

 

[Mary Ellen]

bumping up

 

[luckyforlife]

So Disney does not take ongoing profits from dues?

Is there a mange fee or anything (above direct employee costs)? Does anyone have a breakdown on op expenses?

 

[JimC]

Link to detailed budgets for DVC resorts:

http://130.94.75.33/showthread.php?t=681217

 

[luckyforlife]

Thanks

 

[tjkraz]

So Disney does not take ongoing profits from dues?

By law, the component of "DVC" that exists to service current members (Member Services, accounting, etc.) is run as a non-profit. Disney (DVD) makes all of its money off of the initial sale of the points--plus, of course, the steady stream of revenue generated by members who shop, dine and ride at the stores, restaurants and theme parks throughout Walt Disney World.

 

[owtrbnks]

Thanks. I'm considering a DVC purchase and your charts are very helpful.

 

[mamatojon]

In 2005, it appears that both the subsidized VB owners and all SSR owners (also subsidized) will have lower dues than OKW.

When you say that SSR owners have subsidized dues, do you mean in the same way as VB? Meaning is there a target end date for this as was explained above for VB?

 

[tjkraz]

When you say that SSR owners have subsidized dues, do you mean in the same way as VB? Meaning is there a target end date for this as was explained above for VB?

The situation at VB and SSR is a bit different.

Early VB purchasers have their dues subsidized as long as they remain owners. They were sold points at their resort based upon the promise that it would be "XXX" units with the equivalent number of owners contributing to the cost of the resort upkeep. DVC subsequently slashed the building plans for the resort, leaving fewer owners to cover 50 years worth of fixed costs. As a result, the annual dues are adjusted for this group of owners to reflect the terms of the construction plan they were originally sold.

I might be wrong on this, but I believe that even when a "subsidized" contract hits the resale market now, the new owner loses that subsidy.

At SSR, the dues are subsidized since the resort is only partially complete. Eventually it will consist of roughly 800 units. But the 2005 budget was based on a little over 300 units. So, DVC is picking up the tab for about 5/8ths of certain fixed costs--representing the portion of the resort not yet sold to members.

As more units open and are sold, the subsidy will go away. But, if the calculations were done correctly, there won't be any noticable impact on member dues since those costs will be spread over a larger number of owners.

 

[mamatojon]

The situation at VB and SSR is a bit different.


As more units open and are sold, the subsidy will go away. But, if the calculations were done correctly, there won't be any noticable impact on member dues since those costs will be spread over a larger number of owners.

Thanks for explaining, that completely makes sense.