DVC Prices Plummet!

[dianeschlicht]

We paid 217.50 each for two tickets to go to OKW from Milwaukee 1/11/09-1/17/09 on our hometown airline, Midwest. The same two seats would now cost $1622.96!

If any others are seeing price increases like this it will surely hurt DVC sales.

Yep, and that's why we used our frequent flyer miles from NWA for our two '09 trips. We booked them both right at the 330 day point to make sure we could get them. NWA charges double miles for Orlando, because they can. We emptied DH's FF account with our January trip and mine on the May trip. The good thing is that next year's trips are pretty much taken care of except for meals. Airfare cost only the booking fee, and our AP vouchers were long ago paid for. Of course, we have the dues cost of DVC, but that gets handled monthy too. We saw airfares from here to Orlando more than double in the past month. I fear we will end up driving after that May trip if airfares don't come down a bit.

In fact, I have noticed a lot of people taking road trips this summer. It reminds me of the 50's!

 

[carlbarry]

Their flight costs are rapidly increasing also.

Yes, but with the Dollar falling, their costs once here are much lower.

 

[carlbarry]

Yep, and that's why we used our frequent flyer miles from NWA for our two '09 trips. We booked them both right at the 330 day point to make sure we could get them. NWA charges double miles for Orlando, because they can. We emptied DH's FF account with our January trip and mine on the May trip. The good thing is that next year's trips are pretty much taken care of except for meals. Airfare cost only the booking fee, and our AP vouchers were long ago paid for. Of course, we have the dues cost of DVC, but that gets handled monthy too. We saw airfares from here to Orlando more than double in the past month. I fear we will end up driving after that May trip if airfares don't come down a bit.

In fact, I have noticed a lot of people taking road trips this summer. It reminds me of the 50's!

EXCEPT in the 50's, my Dad would pull up to the pump, hand over a $10 bill, say, "Fill 'er up," and get change!

 

[lugnut33]

Yes, but with the Dollar falling, their costs once here are much lower.

Right, but it's still costs quite a bit of money or them to come. In fact the dollar has recently been gaining strength.

 

[lugnut33]

EXCEPT in the 50's, my Dad would pull up to the pump, hand over a $10 bill, say, "Fill 'er up," and get change!

Well a $100 bill is the new $10 bill!! LOL

 

[gkrykewy]

Am I right to think that if I wanted to add-on via resale, I need/should try to match my current use year?

I'll definitely take a close look at an AKV add-on once BLT goes on sale.

 

[mikron]

Could be the sellers selling low need money with the hard times. People do what they have to to survive, Disney and the cost to enjoy might not be on the top of there list.

 

[TenThousandVolts]

Am I right to think that if I wanted to add-on via resale, I need/should try to match my current use year?

I'll definitely take a close look at an AKV add-on once BLT goes on sale.

It is easier to have to same UY. But not completely necessary if going resale.

 

[bbowers]

I have been watching also, I am wondering if GMAC is getting these contracts. I get emails from TSS, I haven't seen a deal yet. I know there is one location I would love to find a deal on.

I am the one who purchased the stripped VB 60 pts, and I got it thru TSS.

 

[gobofraggle]

I've never thought of DVC as something you should buy conditional upon a resale value - if I *need* to sell it, anything I'll get will be a bonus - but the whole thing is costed out with the intention of keeping until expiration.

We bought most of our points about 12 years ago - OKW back when it was just called 'DVC' because there were no other resorts - I think we paid $62 per point.

The idea that possibly being able to sell for around $70 per point now is a sign of a bad market, after all of these years of use of those points, including the initial years when we got free theme park tix each visit... well, it doesn't seem like that bad a market.

I really don't think people who are enjoying DVC should even look at the resale values unless or until they need to. It forces you to look at the whole experience in a different way - as something where you are winning or losing, and possibly not appreciating the amazing value of... The mindset is like looking at stock market valuations every day of investments you aren't going to sell anyway and feeling richer or poorer when in fact you are neither.

 

[TenThousandVolts]

Mouse511------------- 150 SSR (Oct) $74, 19 banked '07 pts, all '08 pts, buyer pays closing and '08 mf, non-members,TSS

Jones611------------- 120 SSR (Mar) $73, no '08 pr '09 pts, buyers pay closing, (sub 8/5) non-members

These 2 both just passed ROFR.
Pretty low- especially the 1st one- pretty well stocked with points at $74.

 

[BWV Dreamin]

I've never thought of DVC as something you should buy conditional upon a resale value - if I *need* to sell it, anything I'll get will be a bonus - but the whole thing is costed out with the intention of keeping until expiration.

We bought most of our points about 12 years ago - OKW back when it was just called 'DVC' because there were no other resorts - I think we paid $62 per point.

The idea that possibly being able to sell for around $70 per point now is a sign of a bad market, after all of these years of use of those points, including the initial years when we got free theme park tix each visit... well, it doesn't seem like that bad a market.

I really don't think people who are enjoying DVC should even look at the resale values unless or until they need to. It forces you to look at the whole experience in a different way - as something where you are winning or losing, and possibly not appreciating the amazing value of... The mindset is like looking at stock market valuations every day of investments you aren't going to sell anyway and feeling richer or poorer when in fact you are neither.

Very well said........

 

[TenThousandVolts]

Very well said........

Yes- gobofroggle has it right- if you aren't in buying or selling mode no point in even paying attention- best to just enjoy the product.

 

[missy2217]

Disney's Old Key West $3,650 50 Oct 1,258,041
Disney's Old Key West $3,650 50 Oct 07- 50 pts, 08- 50pts, 09 - 50pts
Disney's Old Key West $3,650 50 Oct 07 -50pts, 08- 50pts, 09 - 50 pts
Disney's Old Key West $3,650 50 Oct 08 -50pts, 09 -50pts
Disney's Old Key West $3,650 50 Sept 07 - 96pts, 08 - 50pts
Disney's Old Key West $3,650 50 Sept 07 - 96pts, 08 -50 pts
Disney's Old Key West $3,700 50 Mar 08- 100pts, 09- 50pts, 10- 50pts
Disney's Old Key West $3,750 50 Feb 08 - 0 pts, 09 - 50 pts
Disney's Old Key West $3,750 50 Jun 08 - 50pts, 09 - 50pts
Disney's Old Key West $3,750 50 Jun 08 -50pts, 09 - 50pts
Disney's Old Key West $3,750 50 Jun 08 -50pts, 09 -50pts
Disney's Old Key West $3,750 50 OCTOBER 2008=50, 2009=50
Disney's Old Key West $3,900 50 Feb Use Yr- 50 pts 08
Disney's Old Key West $4,500 60 DECEMBER 0 -07; 0 -08, 60 - 09
Disney's Old Key West $5,250 70 Jun 08 - 55pts, 09 -70pts, 10 - 70pts
Disney's Old Key West $5,250 70 Jun 08 - 70pts, 09 - 70pts
Disney's Old Key West $7,200 100 Sept Use Yr- 100 pts 07 - 100 pts 08
Disney's Old Key West $7,300 100 Feb Use Yr- 86 pts 07 - 100 pts 08
Disney's Old Key West $7,600 100 Mar 08 - 0 pts, 09 - 100 pts
Disney's Old Key West $7,700 100 Aug Use Yr- 100 pts 07 - 100 pts 08
Disney's Old Key West $8,200 100 Sept Use Yr- 100 pts 08
Disney's Old Key West $10,125 135 FEB 2008 - 84PTS, 2009 -135PTS
Disney's Old Key West $10,530 135 Aug Use Yr- 135 pts 07 - 135 pts 08
Disney's Old Key West $10,500 140 DECEMBER 0 - 07; 0 - 08; 140 - 09
Disney's Old Key West $10,950 150 April Use Yr- 6 pt 08
Disney's Old Key West $11,000 150 Feb 08- 57pts, 09- 150pts, 10 - 150pts
Disney's Old Key West $11,000 150 FEBRUARY 2008 -0, 2009 -150
Disney's Old Key West $11,100 150 Oct Use Yr- 151 pts 07 - 150 pts 08
Disney's Old Key West $11,250 150 Aug Use Yr- 150 pts 08
Disney's Old Key West $11,250 150 Aug Use Yr- 200 pts 07 - 150 pts 08
Disney's Old Key West $11,250 150 Aug Use Yr- 83 pts 07 - 150 pts 08
Disney's Old Key West $11,550 150 SEPTEMBER 199 - 07; 150 - 08
Disney's Old Key West $11,700 150 Oct Use Yr- 175 pts 07 - 150 pts 08
Disney's Old Key West $12,000 150 Apr Use Yr- 42 pts 07 - 150 pts 08
Disney's Old Key West $13,500 150 OCT 150- 207, 150 - 08, 150 -09
Disney's Old Key West $12,464 164 Feb Use Yr- 58 pts 07 - 164 pts 08
Disney's Old Key West $13,100 190 AUG 2007 -190, 2008 -190, 2009 -190
Disney's Old Key West $13,600 190 Oct 07 -159pts, 08 -380pts, 09 -190pts
Disney's Old Key West $14,200 200 Aug Use Yr- 200 pts 07 - 200 pts 08
Disney's Old Key West $14,500 200 MARCH 2008 -400 PTS, 2009 -200 PTS
Disney's Old Key West $15,000 200 Mar 08- 294pts, 09- 150pts, 10 -150pts
Disney's Old Key West $15,000 200 OCT 2007 -44 PTS, 2008 -200 PTS
Disney's Old Key West $15,600 200 March Use Yr- 205 pts 07 - 200 pts 08
Disney's Old Key West $13,900 210 April use yr- 420 pts 08- 210 pts 09
Disney's Old Key West $14,700 210 Sept Use Yr- 228 pts 07 - 210 pts 08
Disney's Old Key West $15,120 210 Sept Use Yr- 369 pts 07 - 210 pts 08
Disney's Old Key West $15,330 210 Feb Use Yr- 210 pts 08 1,159,482
Disney's Old Key West $15,350 210 Sept- 210 for 08- 210 for 09
Disney's Old Key West $15,750 210 Apr Use Yr- 0 pts 08
Disney's Old Key West $15,750 210 APRIL 333- 2008, 210 -2009
Disney's Old Key West $15,750 210 Dec Use Yr- 216 pts 07 - 210 08
Disney's Old Key West $15,750 210 Dec Use Yr- 397 pts 07 - 210 pts 08
Disney's Old Key West $15,750 210 Jun Use Yr- 210 pts 07 - 210 pts 08
Disney's Old Key West $15,750 210 March Use Yr- 14 pts 07 - 210 pts 08
Disney's Old Key West $15,750 210 Oct Use Yr- 250 pts 08
Disney's Old Key West $15,750 210 Sep Use Yr- 135 pts 07 - 210 pts 08
Disney's Old Key West $16,380 210 Apr Use Yr- 349 pts 07 - 210 pts 08
Disney's Old Key West $16,380 210 Aug Use Yr- 15 pts 07 - 210 pts 08
Disney's Old Key West $16,380 210 Sept Use Yr- 273 pts 07 - 210 pts 08
Disney's Old Key West $16,800 210 Apr Use Yr- 320 pts 07 - 210 pts 08
Disney's Old Key West $16,800 210 DECEMBER 399 - 07; 210 -
Disney's Old Key West $16,800 210 Jun Use Yr- 280 pts 07 - 210 pts 08
Disney's Old Key West $16,350 218 March Use Yr- 265 pts 08
Disney's Old Key West $15,400 220 OCTOBER 95 -07; 220 -08
Disney's Old Key West $16,250 220 Sept 08 - 168 pts, 09 - 220 pts
Disney's Old Key West $16,500 220 Aug Use Yr- 440 pts 07 - 220 pts 08
Disney's Old Key West $16,500 220 Feb Use Yr- 232 pts 08
Disney's Old Key West $16,500 220 OCT 2008 -440 PTS, 2009 - 220 PTS
Disney's Old Key West $16,500 220 Oct Use Yr- 220 pts 07 - 220 pts 08
Disney's Old Key West $17,000 220 Feb Use Yr- 86 pts 08
Disney's Old Key West $17,000 220 MARCH 220 - 08, 220 - 09
Disney's Old Key West $17,380 220 Dec Use Yr- 440 pts 07 - 220 pts 08
Disney's Old Key West $14,900 230 Sept- 295 for 08, 230 for 09
Disney's Old Key West $16,000 230 Aug 08 - 319 pts, 09 - 230 pts
Disney's Old Key West $16,000 230 Aug Use Yr- 20 pts 07 - 230 pts 08
Disney's Old Key West $16,000 230 Sept 07 -7pts, 08 -262pts, 09 -230pts
Disney's Old Key West $16,100 230 Apr Use Yr- 230 pts 07 - 230 pts 08
Disney's Old Key West $16,100 230 Dec- 460 for 07 (176 hldg) 230 for 08
Disney's Old Key West $16,100 230 FEBRUARY 460 - 08; 230 -09
Disney's Old Key West $16,100 230 Oct 07 -179pts, 08 -230pts
Disney's Old Key West $16,700 230 OCT 07 -230, 08 230 , 09 -230
Disney's Old Key West $16,790 230 Oct 07 -230pts, 08 -230pts, 09 -230pts
Disney's Old Key West $17,000 230 Feb Use Yr- 230 pts 08 1,108,489
Disney's Old Key West $17,250 230 Aug Use Yr- 149 pts 07 - 230 pts 08
Disney's Old Key West $17,250 230 Aug Use Yr- 230 pts 08 1,209,384
Disney's Old Key West $17,250 230 Aug Use Yr- 345 pts 07 - 230 pts 08
Disney's Old Key West $17,250 230 FEB 08 -460, 2009 -230, 2010-230
Disney's Old Key West $17,250 230 FEBRUARY 2008 -460, 2009 -230
Disney's Old Key West $17,250 230 Jun 08 - 230 pts, 09 - 230pts
Disney's Old Key West $17,250 230 Jun 08 -212pts, 09 -230 pts
Disney's Old Key West $17,250 230 MAR USE YR - 230 PTS 08 - 230 PTS 09
Disney's Old Key West $17,250 230 OCTOBER 2008 =230, 2009=230
Disney's Old Key West $17,480 230 JUN USE YR - 206 PTS 07 - 460 PTS 08
Disney's Old Key West $17,940 230 Feb Use Yr- 293 pts 08
Disney's Old Key West $18,000 230 Jun Use Yr- 256 pts 08
Disney's Old Key West $18,170 230 Dec Use Yr- 451 pts 07 - 230 pts 08
Disney's Old Key West $18,400 230 Apr Use Yr- 162 pts 08
Disney's Old Key West $18,400 230 Dec Use Yr- 49 pts 07 - 230 pts 230
Disney's Old Key West $18,400 230 Sept Use Yr- 46 pts 07 - 230 pts 08
Disney's Old Key West $18,500 232 Oct Use Yr- 329 pts 07 - 232 pts 08
Disney's Old Key West $16,750 250 Aug Use Yr- 428 for 08, 250 for09
Disney's Old Key West $18,250 250 Mar 08 - 179 pts, 09 - 250 pts
Disney's Old Key West $18,750 250 Aug 07- 24pts, 08- 250pts, 09- 250 pts
Disney's Old Key West $18,750 250 Feb Use Yr- 406 pts 08
Disney's Old Key West $19,500 260 Aug Use Yr- 317 pts 07 - 260 pts 08
Disney's Old Key West $19,500 260 June- 215 for 08, 260 for 09, 260 for 10
Disney's Old Key West $20,280 260 Jun Use Yr- 17 pts 07 - 260 pts 08
Disney's Old Key West $19,000 270 Aug 08 - 30 pts, 09 -270 pts
Disney's Old Key West $19,440 270 DEC 2007 -17, 2008 -270, 2009 -270
Disney's Old Key West $19,710 270 MARCH 416 - 2008, 270 - 2009
Disney's Old Key West $20,250 270 Feb 08 - 114 pts, 09 -270 pts
Disney's Old Key West $20,250 270 March 2008 -156pts, 2009 -270pts
Disney's Old Key West $20,900 270 Dec 07 - 0 pts, 08 - 252 pts, 09 -270pts
Disney's Old Key West $21,000 270 MARCH 2008 -258 PTS, 2009 -270 PTS
Disney's Old Key West $21,000 270 MARCH 2008 -276 PTS, 2009 -270 PTS
Disney's Old Key West $21,060 270 Jun Use Yr- 270 pts 07 - 270 pts 08
Disney's Old Key West $21,600 270 Oct Use Yr- 206 pts 07 - 270 pts 08
Disney's Old Key West $20,880 290 June- 198 for 08- 290 for 09
$21,000 300 APRIL 08-330 , 09 -300 , 2010- 300
Disney's Old Key West $21,600 300 Jun Use Yr- 88 pts 08
Disney's Old Key West $21,900 300 Feb Use Yr- 600 pts 08
Disney's Old Key West $22,500 300 Oct Use Yr- 397 pts 07 -300 pts 08
Disney's Old Key West $23,100 300 Feb 08 - 600pts, 09 -300pts
Disney's Old Key West $23,400 300 Sept Use Yr- 303 pts 07 - 300 pts 08
Disney's Old Key West $25,500 300 Dec use Yr- 539 pts 07 - 300 pts 08
Disney's Old Key West $21,000 310 Feb 08 - 0pts, 09 -310pts Disney's Old Key West $22,940 310 Sept Use Yr- 315 pts 07 - 310 pts 08
Disney's Old Key West $24,800 310 Aug Use Yr- 620 pts 07 - 310 pts 08
Disney's Old Key West $28,050 330 Oct Use Yr- 81 pts 07 - 330 pts 08 1
Disney's Old Key West $25,160 340 Apr Use Yr- 340 pts 07 - 340 pts 08
Disney's Old Key West $25,200 350 Jun 08 -639pts, 09 - 350pts
Disney's Old Key West $26,250 350 Dec Use Yr- 536 pts 07 - 350 pts 08 1,
Disney's Old Key West $28,000 350 FEB 2008 - 33 PTS, 2009 - 350 PTS
Disney's Old Key West $26,900 372 June use yr- 125 for 07- 372 for 08
Disney's Old Key West $27,072 376 Mar Use Yr- 226 pts 07 - 376 pts 08
Disney's Old Key West $32,000 400 Apr Use Yr- 400 pts 07 - 400 pts 08
Disney's Old Key West $29,000 405 DEC USE YR - 405 PTS 07 - 405 PTS 08
Disney's Old Key West $31,500 420 Jun 08 - 266 pts, 09 - 420 pts 1,258,182
Disney's Old Key West $34,500 460 Feb Use Yr- 460 for 08- 460 for 09
Disney's Old Key West $43,400 620 MARCH 08 -930,09 -620, 2010 - 620

Who were these resales listed with, I don't see that many or those deals listed here on DVC resales.

 

[TenThousandVolts]

Who were these resales listed with, I don't see that many or those deals listed here on DVC resales.

GMAC- they don't list them all on their website but that is their full OKW list.

 

[rchristiansen]

I can give some insight as to why we are selling ours. We just came back from an 11 night stay at AKV and BWV. We were in a value studio and a standard studio respectively. We only have 150 points - 100 at OKW and 50 at AKV.

After that trip we realized we wanted to stay in much bigger accommodations but only have the 150 points. We wanted the bigger room for various reasons:

• Including the convenience (not necessary the money savings) of making our own meals. (We were tired to not getting any TS walk ups except at Germany! -- I like to plan my ADRs but I don't like to have to plan them all).
  
• We also have to go in June as our daughter is going to be in 1st grade and I won't take her out of school. Therefore the point value is higher.
  
• We can't afford any more points at this time and I won't take out a loan for DVC points.

We considered (for a moment) buying a condo in Orlando and renting it out. But that was too risky.

So we decided (since we don't have any 2009 point left - from our rentals this last trip) we would stay off site in a 3 bedroom condo -- allowing room for us to invite friends or family. The cost for a week is about 1.5 times our maintenance fees per year.

In the meantime we put our points up for sale. We own our points outright and have even rented them out to friends any family netting about $2000 from those rentals. We've also taken 5 trips since 2004. For rounding purposes our maint fees were about $3000 for those 5 years, plus next year. We paid about $12,000 for our points (we bought resale at first). We'll be able to sell them for about $10,000 after commissions.

Cost ($12k sales price + $3K Maint Fee) - Revenue($2K rentals - $10K net sale) = $3k cost for 5 years of Disney World trips in a deluxe resort. Not bad! Pretty much equal to rack rates at a value resort.

I still think DVC is a great investment and will argue the value till the cows come home. However, for us, the situation isn't perfect. For most people it is. I'm happy to make financially sound decisions for our family and our resale contract will be someone else's good fortune going forward!

 

[noname70]

Yes, but with the Dollar falling, their costs once here are much lower.

The US dollar is rising

 

[carlbarry]

The US dollar is rising[/QUOTE
True, to some extent: it is off it's low of about $1.10 for 1 Euro, but not at the peak of $1.60, either. July was not a good month for the Dollar.

 

[gobofraggle]

The US dollar is rising[/QUOTE
True, to some extent: it is off it's low of about $1.10 for 1 Euro, but not at the peak of $1.60, either. July was not a good month for the Dollar.

sorry to sound picky, but $1.60 would be the 'low', not $1.10

remember when the Euro was first launched, it was worth less than a dollar?

the dollar will gain value against the Euro because the Eurozone economy is faltering, inflation is way up and the ECB has indicated that it will be cutting interest rates soon, making Euros less valuable to hold.

I'm in UK and look at the £:$ rate more. Dollar was $1.40 per pound for several years when I was taking WDW vacations, recently fell to $2.10 but is now up to about $1.91... these things are cyclical. My dad used to talk about when it was two dollars to a pound a couple of decades ago and how cheap it made US vacations - recently, those days returned for a while... it will strengthen, it will weaken... up and down... like all currencies do. Nothing is a disaster or irreversible. Things will reverse.

 

[carlbarry]

sorry to sound picky, but $1.60 would be the 'low', not $1.10

remember when the Euro was first launched, it was worth less than a dollar?

the dollar will gain value against the Euro because the Eurozone economy is faltering, inflation is way up and the ECB has indicated that it will be cutting interest rates soon, making Euros less valuable to hold.

I'm in UK and look at the £:$ rate more. Dollar was $1.40 per pound for several years when I was taking WDW vacations, recently fell to $2.10 but is now up to about $1.91... these things are cyclical. My dad used to talk about when it was two dollars to a pound a couple of decades ago and how cheap it made US vacations - recently, those days returned for a while... it will strengthen, it will weaken... up and down... like all currencies do. Nothing is a disaster or irreversible. Things will reverse.

Yes, you are correct, including your analysis.