DVC dues watch 2023

[havoc315]

Major systems replacements and that sort of thing are budgeted in the capital reserve. The operating budget is just that... operating.

Yes, but day to day maintenance is part of the dues. And older buildings generally need more (and more expensive) day to day maintenance.
The capital reserve handles things like scheduled renovations and updates.

But if the new building needs a plumber for a burst pipe only 3 times per year, and the older building needs to call a plumber for burst pipes 300 times per year.... It's going to translate to higher MFs for the older building.

 

[Sandisw]

Oh you mean since DVD is holding about half the points still they dont want to have to pay a greatly increasing amount of their share of the annual dues? You think the increases will go up a ton once is mostly sold out...?

Naw....

DVD guarantees to cover any shortfall thst occurs based on the estimate in exchange for not paying dues on points they own.

So, they would be responsible regardless. It would not help them to keep dues low if they weren’t enough to cover the expenses.

It’s because it’s still new and this is par for the course as it happened with many other new resorts until they were sold out.

 

[Sandisw]

This is my first year paying dues. I just read through the 2022 annual meeting notice for BWV. One thing that really stuck out to me is that they only budgeted $871k for breakage for 2023. That seems super low. Based on my understanding, that's Disney selling DVC rooms at cash rates, correct? If that's the case, then that is only about $2400 a day which is only about 3-5 rooms a day on average that they are getting cash for? Wouldn't that mean that the DVC points booking is a very high? I know that the availability calendars tell a similar story but this seems to prove it. (someone please kindly enlighten me if I'm way off here... still learning)

Breakage income is capped at 2.5% of the operating budget. We never get more than that. Anything above and beyond goes to Disney.

 

[jbreen2010]

I’m not usually a conspiracy theorist but anyone else find it suspicious that Riviera continues to see very minimal dues increase?

Gotta keep dues low (and % increase) at resorts in active sales is my guess. That does seem fishy though such a small %. My guess is the model of having one tower be the DVC resort really helps them control costs - BLT also had a low increase percentage whereas resorts spread out like OKW and SSR are seeing bigger increases.

OR is there a conspiracy that DVC is trying to slow down resales of places like OKW and SSR and trying to push to buy direct RIV or VGF!?! Lol

 

[bobbiwoz]

It’s in your condo association news.
Under “my DVC” you go to condo association news and look for the agendas for the meeting

Thank you!

 

[CaptainAmerica]

Breakage income is capped at 2.5% of the operating budget. We never get more than that. Anything above and beyond goes to Disney.

...which there hasn't been much, it should be pointed out. The post-reopening points glut means occupancy has been extremely high and there hasn't been much inventory for them to sell.

 

[bryaalre]

Just parsed the Copper Creek statement and out of the 32 cent increase, 21 cents is from housekeeping. I'm going to assume that most resorts are seeing a similar increase in housekeeping costs as well. This increase represents a 17.8% increase from last year.

The other items that increased >10% are; income taxes (19.8%), insurance (15.9%), member activities (19.2%) and security (12.9%).

The top 3 increase money wise were the already mentioned housekeeping at 21 cents, transportation at 6 cents and member activities at 5 cents.

A total of three items decreased from last year; admin/front desk decreased 5 cents (6.7%), utilities decreased 1.1 cents (5.6%) and Ad Valorem Taxes decreased 3.7 cents (2.1%).

 

[HIRyeDVC]

Just parsed the Copper Creek statement and out of the 32 cent increase, 21 cents is from housekeeping. I'm going to assume that most resorts are seeing a similar increase in housekeeping costs as well. This increase represents a 17.8% increase from last year.

The other items that increased >10% are; income taxes (19.8%), insurance (15.9%), member activities (19.2%) and security (12.9%).

The top 3 increase money wise were the already mentioned housekeeping at 21 cents, transportation at 6 cents and member activities at 5 cents.

A total of three items decreased from last year; admin/front desk decreased 5 cents (6.7%), utilities decreased 1.1 cents (5.6%) and Ad Valorem Taxes decreased 3.7 cents (2.1%).

Yes. Housekeeping makes up for a huge portion of the operating cost for all the resorts. And I foresee it getting much higher in the near term due to staffing and wage pressures.

 

[HIRyeDVC]

Aulani subsidized for the win! Ultimate SAP

 

[Sandisw]

Aulani subsidized for the win! Ultimate SAP

I’ll add just one caveat. As long as you are not attempting to use them at 7 months at WDW during a highly popular time. Like fall into early January where it can e difficult if you don’t have flexibility with dates and room sizes.

 

[mamaofsix]

What?

Riviera went up 1.44% and will likely minimally go up the next year or two possibly still
Grand Floridian went up 4.64% and will keep closing the gap over the next couple years

Its fine you like VGF but your take on this is a big miss.

It would take at least 5 years of RR keeping their increases at 1.44% and GF keeping their's at 4.64% for them to reach even.

GF has historically lower dues than most other resorts, which remained the case this year. That's easily trackable and I'm not off to view the resort favorably in terms of dues.

 

[HIRyeDVC]

I’ll add just one caveat. As long as you are not attempting to use them at 7 months at WDW during a highly popular time. Like fall into early January where it can e difficult if you don’t have flexibility with dates and room sizes.

Agree! Fortunately (or unfortunately) for me, late August is the only feasible time for us for WDW, and availability is wide open for all of DVC, except for maybe VGC.

 

[CarolMN]

DVCNews.com has the entire list as well as the percent increase over 2022.

https://www.dvcnews.com/dvc-program...isney-vacation-club-2023-annual-dues-released

 

[sethschroeder]

It would take at least 5 years of RR keeping their increases at 1.44% and GF keeping their's at 4.64% for them to reach even.

GF has historically lower dues than most other resorts, which remained the case this year. That's easily trackable and I'm not off to view the resort favorably in terms of dues.

Okay and?

Again still a complete miss when VGF yet again has a higher increase than Riviera. The only thing that changed is that now RIVs MFs are closer to VGF which is a overall positive for RIV not VGF.

Or were you trying to act like RIV was all of a sudden going to be less than VGF? No one was suggesting that and likely everyone thinks long term VGF will maintain less expensive MFs than RIV as well. You are free to like VGF for less expensive MFs no issue with that but nothing changed on the release of these MFs except RIV coming more in line with the rest of the resorts.

 

[Sandisw]

Agree! Fortunately (or unfortunately) for me, late August is the only feasible time for us for WDW, and availability is wide open for all of DVC, except for maybe VGC.

We are very resort particular but do still own the SSR to use to upgrade to 1 bedrooms at 7 months for some of the trips.

So, I forgot about that.. AUL points may be good for that too!

 

[flipflopsandpitstops]

Any guesses as to why BCV went up so much?

 

[DonMacGregor]

It takes longer to clean 100 units in one building than 100 units in ten buildings.

I think you got that backwards, but your point is well-taken.

I'd just add that the same rationale can be applied, to some degree, to building maintenance. Assume, you only had 400-odd dedicated 2BR villas in BLT, and an equal number of 2BR cabins/bungalows ala Poly or CCV. The exterior wall and roof areas of BLT are far and away smaller than 400-odd bungalows. Now add in all that common area acreage and other site facilities, etc. and you get an idea of just how much more in maintenance costs you would deal with in that scenario.

Obviously a very broad-stroke comparison, but maintaining a larger number of smaller buildings is going to cost more.

 

[Paul Stupin]

I'm sure this has been answered before, but I won't have any issues if I go in and prepay my dues, right? I have a stack of gift cards that I'd like to burn through.

No issues at all…I’ve been doing it for months. Theres no need to do it for each contract either. Whatever your first contract is, select “other amount” and pay whatever amount you like. It will show up as a credit, and be applied to your total dues bill when it’s posted.

 

[Paul Stupin]

Sorry for the dual post! Not sure how it happened.

 

[CaptainAmerica]

No issues at all…I’ve been doing it for months. Theres no need to do it for each contract either. Whatever your first contract is, select “other amount” and pay whatever amount you like. It will show up as a credit, and be applied to your total dues bill when it’s posted.

Just an update on this... my payments weren't contract-specific, but they were membership-specific.