DVC Listings up over 700%!!

[Bo1203]

Fairly cherry picked number with no real relation to anything other than some people at least are doing much better. Chase grew 30% YOY between June 2019 to 2020 upon a quick search when inflation was 2.3-1.4% instead of the 7% we had last year.

If you looked real estate has big investment coming from companies looking to either rent the spaces or flip the spaces. Additionally real estate along with all over aspects listed have outside factors causing shortages.

Travel = 1-2 years worth of shutdown and reduced travel
Cars = shortages in manufacturing and chip shortages, car sales were down roughly 8% globally in 2021 compared to 2019
Consumer Goods = delayed shipping in supply chain causes those items in stock to be purchased more quickly before they go out of stock again
Unemployment = driven partly by retirement rate and a labor force participation rate lowest since June 1977 (when looking pre pandemic)

Covid really threw a wrench into things. Additionally now you are seeing massive lockdowns in Shanghai which is causing issues with the world's largest port delaying shipping through that specific port. This likely will cause future consumer good shortages.

It's like I said, debatable. The second largest bank, Bank of America released their quarterly report this morning. First bullet point under consumer banking: Record average deposits grew $132 billion, or 14%, to more than $1 trillion. Maybe Bezos banks at chase and Musk at boa?

2021 saw the largest wage increase in 20 years. Our local Jimmy Johns is paying $18 an hour to make sandwiches. Target is paying up to $24 an hour. Add the government spending $4.6 trillion (much of which ended up in peoples pockets in stimmy checks, ppp, unemployment) because of covid and inflation isn't that surprising.

Attribute the demand to anything you'd like, there's years worth of pent up demand. Try and make a park reservation for the next couple weeks and tell me there's not demand. Try buying some real estate right now, multiple competing offers on every listing. They're not all from Blackrock. And everyone of the sellers are up 10-50+% on their home. Not to mention those that aren't selling now have much more equity.

Maybe Russia, China and Covid22 cause a financial meltdown. I just ask that it waits until after my next vacation.

 

[Duckbug.Ducktales]

I just ask that it waits until after my next vacation.

And mine!

I agree with the points above. Inflation is the one bug metric where the economy is not performing well, but otherwise the numbers are good. Not to minimize the pain for those who are hurting; inflation is hardest on the bottom rungs of the tax brackets. But with these higher prices, I think a lot of DVC owners are seeing if they can make decent money on the resale market (for the many reasons discussed previously. Mine being switching points from resale to direct).

 

[matt and beth]

Disney needs to stop f@#king with people. A quickly tanking economy with crazy inflation coupled with the below:

Blue card vs White card
Resort restrictions
Pressuring resale restrictions to the point they are being devalued
Genie +
Lightning Lane
Magic Bands
Dining Plans
Tip not covered with Dining Plans
Magical Express (discontinued)
Annual pass games (Limited amount or not available)
Quickly raising food prices
Member Services calls require 2 hour waits
Having to walk around with the stupid phone in my face to plan anything at the park
Room service restrictions (cleaning, coffee, towels, etc.)

 

[sethschroeder]

It's like I said, debatable. The second largest bank, Bank of America released their quarterly report this morning. First bullet point under consumer banking: Record average deposits grew $132 billion, or 14%, to more than $1 trillion. Maybe Bezos banks at chase and Musk at boa?

Deposits are always larger. You also again leave out actual context and compare vs prior to covid and accounting for inflation.

2021 saw the largest wage increase in 20 years.

Again without context. 2021 saw a 3.6% increase when inflation was 7% and the highest since 1981 (40 years ago).

Additionally you are seeing skyrocketing costs in housing and food prices (even energy possibly) to offset gains for many Americans.

Example rent has went up 10.1% YoY in the US and in example the highest rent explosion was Flordia with a 29% YoY increase.

Attribute the demand to anything you'd like, there's years worth of pent up demand.

Except the point of all of this is simply that demand doesn't mean the economy might not being struggling or starting to struggle.

 

[Shelly F - Ohio]

Just like the housing market now is a good time to sell and make a huge profit for those of us that bought points for $65 20 yrs ago.

 

[Brian Noble]

I suppose so, but timing the market is hard. We've had some discussions about selling our house and renting for a few years waiting for the bubble to burst, but I think we've decided that the reason to sell our house is that we want to move.