DVC members: Household annual income

[grease1739]

I’m honestly not sure if poll responses are anonymous and don’t want to get roasted if they aren’t. (I did uncheck the box that said “display votes publicly). The perception I’ve gotten over the years is that to buy into DVC it’s typically for the upper income levels.

I’m not bought into DVC yet and am just curious if the perception is reality, nothing more.

 

[LuvOrlando]

Is there an income threshold to qualify?

 

[LeslieLou]

I’m not going to answer the poll but when I bought in 2011 we were a single income with 2 kids and used some deployment money. We weren’t making 6 figures. Disney brought us so much joy we felt we needed the escape and it was worth it to our family. Today and our current income isn’t really relevant.

 

[grease1739]

Is there an income threshold to qualify?

Not at all! I am just curious.

 

[LuvOrlando]

Just curious about income levels, back when we were looking they wanted a certain income to qualify, good to know that is gone now.

 

[AnnaS]

Can't just look at income. How much debt does one person have? Mortgage/car payments, etc. etc. How much savings, etc. does one have? A lower income household might have no debts, payments, etc.

Just a thought.

 

[nw6675]

Somehow I feel this thread will have the same fate as the Admin Close This Thread on the budget board (which by the way is still alive and well).

 

[john7994]

Not sure what difference it makes - not wanting to offend - but won't answer the poll because it's not anyone's business. Buying into DVC is a personal choice based on individual circumstances. As a DVC owner, we went through our process of deciding what was "best" for us.

All that said, I wish you the best and whatever your future endeavors!

 

[jo-jo]

Just curious about income levels, back when we were looking they wanted a certain income to qualify, good to know that is gone now.

When was that? I knew they checked credit score, but don’t remember income level.

 

[tvguy]

Can't just look at income. How much debt does one person have? Mortgage/car payments, etc. etc. How much savings, etc. does one have? A lower income household might have no debts, payments, etc.

Just a thought.

And where you live. Some here have said they feel an individual earning $150,000 a year is middle class where they live. That would solidly be in the upper class to me in most of the U.S, unless you live in New York City or some other city that at the upper end of expensive places to live.

 

[jo-jo]

Somehow I feel this thread will have the same fate as the Admin Close This Thread on the budget board (which by the way is still alive and well).

Does that mean we can start asking who eats chicken nuggets with ranch or honey mustard, pertinent stuff like that to the original question?……

 

[nw6675]

Does that mean we can start asking who eats chicken nuggets with ranch or honey mustard, pertinent stuff like that to the original question?……

Well, it may be a bit of a stretch, but that could pertain to income level, too. HA HA! Would you like grey poupon with that?

 

[jo-jo]

And where you live. Some here have said they feel an individual earning $150,000 a year is middle class where they live. That would solidly be in the upper class to me in most of the U.S, unless you live in New York City or some other city that at the upper end of expensive places to live.

I’ve also wondered what is income. I think of earnings from a job. If you take money out of savings, it that income? Or social security , is that income?

 

[sam_gordon]

I’m honestly not sure if poll responses are anonymous and don’t want to get roasted if they aren’t. (I did uncheck the box that said “display votes publicly). The perception I’ve gotten over the years is that to buy into DVC it’s typically for the upper income levels.

I’m not bought into DVC yet and am just curious if the perception is reality, nothing more.

I don't understand how asking people on a Disney message board gives you information about those who buy into DVC. I'm sure there are MANY people on here who can answer the poll who DON'T own DVC.

This poll will give you an idea of household income for those who are interested (to what extent is up for debate also) in Disney.

 

[tvguy]

I’ve also wondered what is income. I think of earnings from a job. If you take money out of savings, it that income? Or social security , is that income?

I think of income as earnings from a job. But my income since retiring in July 2021 has been all money taken out of savings. Within the year my wife and I will be full Social Security retirement age so I guess taking money our of savings and social security are also sources of income.
My mom enjoyed 27 years of retirement where a small pension, investments and Social Security were her sole source of funds. That after working full time for 33 years and getting income from that job.

 

[mumto3girls]

We are DVC owners and no where near the upper end of your ranges. We bought our initial contract in 1998 when it was far more affordable. We did a few small add ons after that, but not directly through Disney. I think it has been at least 10 years since we added on. I highly doubt we would buy in at today’s prices.

 

[kdonnel]

Buying/Affording a timeshare is all about priorities.

If it is a priority and has always been a priority it will fit into the budget.

My neighbors are always commenting on how many vacations we take, how can we afford so many?

They own boats, jet skis, campers, trucks to pull the campers, etc. Those are their priorities so they can afford them.

Vacations are my priority so I can afford them.

I always caution people looking at a timeshare to remember that they not only need money to pay for the timeshare but money each year to use the timeshare. Money to get to the timeshare either by plane, train, or auto. Money to enjoy the timeshare each year. It's not just about can I afford the monthly payment and annual maintenance fees.

 

[nw6675]

Buying/Affording a timeshare is all about priorities.

If it is a priority and has always been a priority it will fit into the budget.

My neighbors are always commenting on how many vacations we take, how can we afford so many?

They own boats, jet skis, campers, trucks to pull the campers, etc. Those are their priorities so they can afford them.

Vacations are my priority so I can afford them.

I always caution people looking at a timeshare to remember that they not only need money to pay for the timeshare but money each year to use the timeshare. Money to get to the timeshare either by plane, train, or auto. Money to enjoy the timeshare each year. It's not just about can I afford the monthly payment and annual maintenance fees.

This! We choose to live modestly in pretty much all aspects of our life and I'm always looking for a deal, but when it comes to vacations we go all out. It's what makes me and my family the happiest, so that is our priority.

Sincerely,
A proud Wally World shopper

 

[John VN]

Does that mean we can start asking who eats chicken nuggets with ranch or honey mustard, pertinent stuff like that to the original question?……

Well, it may be a bit of a stretch, but that could pertain to income level, too. HA HA! Would you like grey poupon with that?

I was a Walmart Spicy Mustard back when we bought DVC but that was 1996 when it was cheap.

 

[LuvOrlando]

When was that? I knew they checked credit score, but don’t remember income level.

Used to be part of the initial questions.

Why are people so shocked? Literally every loan has income requirements or at least they used to, is this not a thing anymore? Maybe things got a bit loosey goosey over the years, would explain some things in the banking industry I suppose.
Now I am very curious.
Do these businesses do their own financing these days?