DVC Phase 2 - Thoughts

[DavidRoss]

Does anyone think there will be a phase 2 of DVC where they won't have a end use year of 2042?

Like a traditional timeshare with a deeded property that never expires?

What are your thoughts?

 

[RobDoc]

There will eventually come a time when the 2042 expiration date becomes an encumbrance to DVC sales. At that time, I expect that future resorts will simply have a new expiration date (possibly even 50 years) and some program to allow exchange between the resort will still be available.

I don't expect any change in the nature of the program- such as a week-based timeshare. The DVC format works well and is recognized as such- so changes of that nature are not indicated or needed.

Good question!

Stay Tuned!

 

[Davidr1]

I'm surprised they haven't changed that 2042 date for new buyers already. Not only are they paying more, but they're getting less use years then those of us who bought in the past.

 

[Granny]

It's been discussed (not debated) before here when a DVC II will be needed.

IMHO, they will be able to sell DVC at current levels until about 30 years out (2012). Once they get under 30 years use, the value proposition loses significantly and the pyschological factor of "less than 30" will kick in.

Of course, they can start a new DVC with a later expiration date. And they can offer current members (or their descendants) a chance to extend the current contracts to match up to the later expiration date.

Hard to say, but DVD has seen absolutely no fall off in sales (brisker than ever) from when they offered a 50 year plan originally and the current 39 year plan. Just look at all the people on this board who added on to BCV at a higher cost per point than their original home purchase with fewer use years. And these are savvy buyers so the value proposition must still be valid.

Of course, point addiction does play a part as well.

 

[Dean]

I agree with Doc and Granny's assessment as they are what I've said all along. No real reason for a DVC II, just add the resorts to the group even if they have different ending dates. I too think 30 years is the cutoff for affecting sales and that puts Eagles Pines (if it actually happens) at a likelyhood of having a new ending date, say 50 years from start of sales or something to that effect. Disney will never give up the land or building permanently, it just will never happen. It would make a lot of sense to me for DVC to offer existing members to extend to the new date. The only problem is they need enough money to make it worthwhile and need a large percent of members to actually extend.

 

[ohioMickey]

count me in for extending

 

[Dean]

Originally posted by ohioMickey
count me in for extending

OK, send me $20 per each point you own and I'll make sure you get extended, LOL. That'd be the prorated price currently based on the price increase coming in June and the remaining time (10/40 years). Point being is one needs to look at the cost and circumstances at the time to judge if it's worth it.

 

[dianeschlicht]

I agree there might be an opportunity to extend. I would guess my kids will have to worry about it, since I wil be in my 90's at the end of the contract!

 

[crisi]

I think it depends on what Disney sees as the life of WDW as a resort destination. By selling timeshares, Disney is making a committment to the resorts through 2042. In 2042, MK will be 71 years old (1971, right?).

I don't know that anyone has any idea what the life of a theme park is - particularly this style of resort destination. And Disney has been doing things that show an interest in maintaining this life for the long term (opening new themeparks). But everything does have a life. Will Disney be around in 2050, I think so. Will they be around in 2075, 2100, 2150 or 2250?

My guess is that when they extend, the end date will be moving - a 25 year contract regardless of whether you join this year or next....with an EOL on the resort (and an option to switch resorts, allowing them to tear down and rebuild)