DVC resale rising prices

[pineapplepalms]

I could be 100% wrong but my thought is that the prices are rising because the demographic of people buying have made and saved a substantial amount of money over the last year.

Every situation is different but most of our friends have a huge surplus of cash do to the fact that they have worked from home over the last year.

No or less expensive vacations.
No child care costs
Minimal commuting costs.
Minimal eating out
Minimal entertainment costs

I’m curious about this... do you mind sharing how they have managed to maintain their jobs while having no childcare costs? At the start of the pandemic I was pregnant and had 1 and 4 year olds and it was not possible for me to work and care for my family while also feeling ill and tired from pregnancy. So while we saved on childcare and other costs like travel, we also lost my income. My friends who have maintained their jobs with young kids have had to pay for nannies or had help from grandparents, and my friends that cared for their kids instead gave up their job. Personally I have not figured out how to “do it all” and I have no idea how others with young kids were able to maintain full time jobs for over a year without help. Please share their secrets!

 

[MonaMN]

I’m curious about this... do you mind sharing how they have managed to maintain their jobs while having no childcare costs? At the start of the pandemic I was pregnant and had 1 and 4 year olds and it was not possible for me to work and care for my family while also feeling ill and tired from pregnancy. So while we saved on childcare and other costs like travel, we also lost my income. My friends who have maintained their jobs with young kids have had to pay for nannies or had help from grandparents, and my friends that cared for their kids instead gave up their job. Personally I have not figured out how to “do it all” and I have no idea how others with young kids were able to maintain full time jobs for over a year without help. Please share their secrets!

I can only speak for myself, but with a now 12 year old, we ended up saving a lot because she wasn’t going to before/after school care and didn’t do her normal summer activities (various camps and classes) but was able to hang at home with us without incurring extra cost. So for us, there was a savings there - and both of us were able to continue to work from home.

Also, I know this time has been MUCH harder for families like yours with smaller kids, so kudos to you for surviving.

 

[Leight19]

I’m curious about this... do you mind sharing how they have managed to maintain their jobs while having no childcare costs? At the start of the pandemic I was pregnant and had 1 and 4 year olds and it was not possible for me to work and care for my family while also feeling ill and tired from pregnancy. So while we saved on childcare and other costs like travel, we also lost my income. My friends who have maintained their jobs with young kids have had to pay for nannies or had help from grandparents, and my friends that cared for their kids instead gave up their job. Personally I have not figured out how to “do it all” and I have no idea how others with young kids were able to maintain full time jobs for over a year without help. Please share their secrets!

I can also add in my field (engineer in pharma company) most companies were excellent letting people wfh and having flexible schedules for those who need to watch kids. I feel we were lucky but a lot of companies in my field and similar engineering roles had that level of flexibility. It’s all antecdotal but most people I know personally are better off this year then previous years financially. That includes engineers, teachers, mortgsge companies, real estate, and medical field. I understand not everyone was as lucky but there is large portion of country who didn’t take financial hit but saved tons in child care, not eating out, and/or delaying vacation. It’s not surprising to me some of the luxury items are going up in cost.

 

[Traveling on cc points]

I’m curious about this... do you mind sharing how they have managed to maintain their jobs while having no childcare costs? At the start of the pandemic I was pregnant and had 1 and 4 year olds and it was not possible for me to work and care for my family while also feeling ill and tired from pregnancy. So while we saved on childcare and other costs like travel, we also lost my income. My friends who have maintained their jobs with young kids have had to pay for nannies or had help from grandparents, and my friends that cared for their kids instead gave up their job. Personally I have not figured out how to “do it all” and I have no idea how others with young kids were able to maintain full time jobs for over a year without help. Please share their secrets!

I feel for you and your situation and wish I had the secret for you. None of our friends have really young kids anymore.
The youngest in our group is 8 and she and the older kids were able to do remote learning on their own with help from time to time from their parents. I know it is frowned upon here on the dis but from time to time they also had friends and family come over and pitch in with the school work if was a particularly stressful work of school day.

the point of my post was to point out that many people had a lot less expenses this year while still working from home. Don’t feel bad that you couldn’t do it with a newborn and a 1 year old, no one could

 

[Evita_W]

I’m curious about this... do you mind sharing how they have managed to maintain their jobs while having no childcare costs? At the start of the pandemic I was pregnant and had 1 and 4 year olds and it was not possible for me to work and care for my family while also feeling ill and tired from pregnancy. So while we saved on childcare and other costs like travel, we also lost my income. My friends who have maintained their jobs with young kids have had to pay for nannies or had help from grandparents, and my friends that cared for their kids instead gave up their job. Personally I have not figured out how to “do it all” and I have no idea how others with young kids were able to maintain full time jobs for over a year without help. Please share their secrets!

A lot of people have been working from home, which eliminated child care costs for them.

 

[pineapplepalms]

I can only speak for myself, but with a now 12 year old, we ended up saving a lot because she wasn’t going to before/after school care and didn’t do her normal summer activities (various camps and classes) but was able to hang at home with us without incurring extra cost. So for us, there was a savings there - and both of us were able to continue to work from home.

Also, I know this time has been MUCH harder for families like yours with smaller kids, so kudos to you for surviving. ❤

I feel for you and your situation and wish I had the secret for you. None of our friends have really young kids anymore.
The youngest in our group is 8 and she and the older kids were able to do remote learning on their own with help from time to time from their parents. I know it is frowned upon here on the dis but from time to time they also had friends and family come over and pitch in with the school work if was a particularly stressful work of school day.

the point of my post was to point out that many people had a lot less expenses this year while still working from home. Don’t feel bad that you couldn’t do it with a newborn and a 1 year old, no one could

Thank you for elaborating. I definitely see how you could save on childcare expenses like before/after school care or activities with older kids that are more independent and not in diapers or breastfeeding! In my sleep deprived state I didn’t even think about that type of childcare.

I can also add in my field (engineer in pharma company) most companies were excellent letting people wfh and having flexible schedules for those who need to watch kids. I feel we were lucky but a lot of companies in my field and similar engineering roles had that level of flexibility. It’s all antecdotal but most people I know personally are better off this year then previous years financially. That includes engineers, teachers, mortgsge companies, real estate, and medical field. I understand not everyone was as lucky but there is large portion of country who didn’t take financial hit but saved tons in child care, not eating out, and/or delaying vacation. It’s not surprising to me some of the luxury items are going up in cost.

A lot of people have been working from home, which eliminated child care costs for them.

I can see how flexible schedules and WFH are helpful especially with older kids as some others have mentioned. Just not in the cards for me personally to maintain a full time job along with caring for an infant, 2yo, and 5yo, although we did save on a variety of expenses. It’s amazing how much more we spend on groceries now though, as well as things to occupy/entertain/teach the kids.

 

[MomOTwins]

Thank you for elaborating. I definitely see how you could save on childcare expenses like before/after school care or activities with older kids that are more independent and not in diapers or breastfeeding! In my sleep deprived state I didn’t even think about that type of childcare.




I can see how flexible schedules and WFH are helpful especially with older kids as some others have mentioned. Just not in the cards for me personally to maintain a full time job along with caring for an infant, 2yo, and 5yo, although we did save on a variety of expenses. It’s amazing how much more we spend on groceries now though, as well as things to occupy/entertain/teach the kids.

Some of us just haven’t been the greatest parents too... lol. My five year old whose preschool closed last year has watched at LOT of tv and had a ton of tablet time to get me through work-from-home zoom meetings.

On the original topic, we just put in our very first offer on a PVB contract, and justified the cost with what we made on disney stock gains we had from buying at pandemic low prices (got it for $80 a share, now $188). So stocks may be another reason people are better off financially now and buying resale.

Not sure if this contract will work out though. Sellers asking price is too high (stripped contract priced as a loaded one) but we’ll see if they will come down. We are not in a rush so won’t overpay.

 

[Stargazer65]

I’m curious about this... do you mind sharing how they have managed to maintain their jobs while having no childcare costs? At the start of the pandemic I was pregnant and had 1 and 4 year olds and it was not possible for me to work and care for my family while also feeling ill and tired from pregnancy. So while we saved on childcare and other costs like travel, we also lost my income. My friends who have maintained their jobs with young kids have had to pay for nannies or had help from grandparents, and my friends that cared for their kids instead gave up their job. Personally I have not figured out how to “do it all” and I have no idea how others with young kids were able to maintain full time jobs for over a year without help. Please share their secrets!

I'm a working dad in an essential industry. My wife is a stay at home, homeschooling mom. Nothing changed for us, except a reduction in extracurricular activities that saved us some expenses.

 

[YeOswaldianSociety]

Pay More, Get Less! It is crazy how the market for this is currently.. Me and my wife worked through the entirety of the the Pandemic with three children but in no way did we save enough to purchase add on DVC points. Right on to those that have managed this tremendous feat.

 

[pineapplepalms]

Some of us just haven’t been the greatest parents too... lol. My five year old whose preschool closed last year has watched at LOT of tv and had a ton of tablet time to get me through work-from-home zoom meetings.

On the original topic, we just put in our very first offer on a PVB contract, and justified the cost with what we made on disney stock gains we had from buying at pandemic low prices (got it for $80 a share, now $188). So stocks may be another reason people are better off financially now and buying resale.

Not sure if this contract will work out though. Sellers asking price is too high (stripped contract priced as a loaded one) but we’ll see if they will come down. We are not in a rush so won’t overpay.

I hear you... my 5 yo has gotten way more screen time especially since having the baby, since the baby and my 2yo require so much more hands-on care. I just try to remind myself that this is temporary and we’re doing the best we can under the circumstances.
The stock market really has made incredible gains. Best of luck landing your ideal contract!

 

[MomOTwins]

I hear you... my 5 yo has gotten way more screen time especially since having the baby, since the baby and my 2yo require so much more hands-on care. I just try to remind myself that this is temporary and we’re doing the best we can under the circumstances.
The stock market really has made incredible gains. Best of luck landing your ideal contract!

Thank you! We have fingers crossed we’ll get a good contract. We are taking a pause on Disney World the rest of this year as we just got back from a trip and don’t want to battle the 50th crowds this fall (also hoping to wait for fastpass to return), and we have a disney cruise for spring next year we hope will sail, so the earliest we would visit is fall 2022. That gives us the luxury to wait for the right points, use year and a reasonable price. If resale prices don’t stabilize or go down from what people are asking currently, that would just make us more likely to buy direct so either way, we’ll have a contract we’re happy with sometime this year.

 

[BeBopaSaurus]

Some of us just haven’t been the greatest parents too... lol. My five year old whose preschool closed last year has watched at LOT of tv and had a ton of tablet time to get me through work-from-home zoom meetings.

On the original topic, we just put in our very first offer on a PVB contract, and justified the cost with what we made on disney stock gains we had from buying at pandemic low prices (got it for $80 a share, now $188). So stocks may be another reason people are better off financially now and buying resale.

Not sure if this contract will work out though. Sellers asking price is too high (stripped contract priced as a loaded one) but we’ll see if they will come down. We are not in a rush so won’t overpay.

 

[Brian Noble]

Something else I think is a factor is we are seeing a major shift in the economy, overall COVID has shown us what really matters is time spent with family and friends over things.

This has been an ongoing trend for a few years now---or, at least, I've been reading articles saying this for years. Maybe those aren't exactly the same thing!

I think there’s also another aspect of the people ending up with an extra lump of cash after getting trip refunds and foregoing other usual costly entertainment & excursions.

Absolutely. We had two "milestone" trips planned for summer 2020. Both were quite expensive. Neither happened. And that's on top of our usual vacations, none of which happened either. No buying gas for the commute. No ordering in lunch at the office every day. No restaurants on the weekends. Heck, I wasn't even buying my daily $6 cappuccino.