DVC Resorts Expiring 2042

[Chuck S]

Depending on the resort, I think they will either fully remodel, or tear down and rebuild to include access to modern technologies, and then resell the new resort under rules similar to those now being implemented at Riviera. We really don;t know what tech gadgets will be in common everyday usage by 2042, and what their requirements will be to use them. I mean, 30 years ago when DVC started, who could foresee everyone having laptops, tablets and cell phones...and needing USB power supplies for charging, internet/wifi access and big screen UHD TVs?

 

[_auroraborealis_]

Vacation patterns may also change considerably. Vero and HHI may be slowly (or not slowly) drowning. Hurricanes may be more frequent, and more frequently inland. The UN Climate Report suggests reef die-offs and food crises may be possible as soon as 2040, with atmospheric warming as much as 2.7 degrees Fahrenheit (https://www.nytimes.com/2018/10/07/climate/ipcc-climate-report-2040.html).

Might impact a lot of things, let alone a luxury good.

 

[DisneyStarWisher]

We wound up selling this spring. We originally owned at OKW and then sold those and bought at HHI. 18 wonderful years of vacation. The point chart changes, rule changes and the extreme dues increases and the 'end' in 2042 were all part of the decision. We were able to recoup our original cost and you can't put a price on the family time.

But HHI also has a 2042 end date and some of the highest dues of all the resorts. I'm confused.

 

[jarestel]

I do suspect however there will be a class action law suit in 2042 as a willing attorney looking for an opportunity will bring an action which Disney is likely to defend.

Since everyone who has purchased DVC from day 1 has signed an acknowledgment agreeing to the end date of the contract, I can't imagine there too many attorneys willing to waste their time by bringing class action lawsuits based on the feeble argument that their clients were too dimwitted to understand what they were signing. Not much chance of success in that defense.

 

[MPS516]

Since everyone who has purchased DVC from day 1 has signed an acknowledgment agreeing to the end date of the contract, I can't imagine there too many attorneys willing to waste their time by bringing class action lawsuits based on the feeble argument that their clients were too dimwitted to understand what they were signing. Not much chance of success in that defense.

so they only graduated honorable attorneys from your law school, no ambulance chasers allowed.

 

[jarestel]

so they only graduated honorable attorneys from your law school, no ambulance chasers allowed.

It's more practical than that I'm afraid. They don't make any money filing frivolous lawsuits they know they won't win. It's all about the money!

 

[gscott8075]

But HHI also has a 2042 end date and some of the highest dues of all the resorts. I'm confused.

We owned OKW for a few years, sold and bought at HHI in 2001. We sold HHI for a number of reasons and settled a few weeks ago.

 

[jimmytammy]

I will be 77 then. Already warned my kids when this all transpires, they will be wheeling me around WDW, or they better be if they know what's good for em'
All I can say about 2042, it will be a sad year for our household

 

[DisneyStarWisher]

We owned OKW for a few years, sold and bought at HHI in 2001. We sold HHI for a number of reasons and settled a few weeks ago.

Gotcha. I thought you meant you just sold OKW this spring to buy HHI. Sorry for the misunderstanding.

 

[gscott8075]

Gotcha. I thought you meant you just sold OKW this spring to buy HHI. Sorry for the misunderstanding.

That was on me - it was not clearly stated! Sorry.

 

[Chumpieboy]

I'm in for 10 points which should be good for 6 hours in a studio.

...in the "Dumpster and employee smoking area View" category.

 

[sgtpet]

I wonder at what point the resale market will drop on these resorts as 2042 looms.

 

[Frederic Civish]

I wonder at what point the resale market will drop on these resorts as 2042 looms.

That's probably the number one question with these resorts, with the question about the OKW extension being number two. Clearly, these resorts (minus OKW) will end in 23 years.

I don't think it is really having much affect, so far. I could be wrong, since it is so hard to tell. It might possibly be affecting things already, but, keep in mind that so far, MOST OF THESE DISNEY WORLD RESORTS ARE LESS THAN HALF WAY INTO THEIR CONTRACTS!! Yep. That's right.

Boardwalk opened Summer 1996. It is 23 years into its contract with 23 years remaining.

Boulder Ridge November 2000. It is only 19 years in, so far. 19 used, 23 remaining.

Beach Club Summer 2002. It is only 17 years in. 17 with 23.

So, the remaining 23 years is NOT a small amount since, THE MAJORITY OF THE TIME MIGHT BE REMAINING. When you think of it that way, it might not be such a problem to buy Beach Club right now because IT DOES NOT have only a little time left. Think about how much time and enjoyment people have had, up until now, and there is even more time left to go.

 

[KAT4DISNEY]

I wonder at what point the resale market will drop on these resorts as 2042 looms.

As long as the purchase price plus the MF's is still a better deal than paying cash direct to Disney for the room then financially they should sustain. Once the purchase price plus MF's is more then they should decline. How much of a discount people will want vs a cash room is the question but the absolute tipping point should be cash room vs cost of DVC ownership.

 

[The Prophet]

We know what will happen at the end.
However, what will happen in the months leading up to 1/31/2042 is unknown

For example will folks who own at Copper Creek be permitted to book at Beach Club/Boardwalk 7 months prior to this date, or will there be restrictions?
What about Old Key West? They need to keep all (or part) of the resort operational past 2042.

Stay tuned ....

 

[zavandor]

I wonder at what point the resale market will drop on these resorts as 2042 looms.

I would say it's already happening.
Let's compare BWV and PVB.
- BWV has walking access to two parks, PVB has monorail or boat to two parks
- BWV has a variety or different room sizes, PVB has only studios and bungalows
- Both have great views and point saving views
- BWV has a much much better point chart
- BWV doesn't have the risk of points being reallocated from bungalows into other rooms
- BWV has easy access to Epcot for dining, PVB has easy access to monorail resorts restaurants

Personal preferences come into play, but I'd say in every category, BWV is either better or a tie. And yet BWV is sold for $129 on average, PVB for $152 on average. The shorter expiration is already playing a role here. We won't see a crash, just a slow trend toward zero.

 

[jarestel]

Personal preferences come into play, but I'd say in every category, BWV is either better or a tie. And yet BWV is sold for $129 on average, PVB for $152 on average. The shorter expiration is already playing a role here. We won't see a crash, just a slow trend toward zero.

If you substitute BCV for BWV, the numbers are more comparable even though expiration dates are the same.

I agree that personal preference is the main mover and shaker though I would "guess" (because I have no data to prove it) the Polynesian would come out higher on the desirability scale in most polls even considering all of the "drawbacks" you mentioned.

 

[sgtpet]

The reason PVB sells at a higher price point is because the initial cost of PVB was much greater than BWV. The fact that BWV is that close in price per point makes me believe that the 2042 resorts are still soaring on the resale market. I think it relates to the large cost per point for Copper Creek and the new Riveria Resort.

I would say it's already happening.
Let's compare BWV and PVB.
- BWV has walking access to two parks, PVB has monorail or boat to two parks
- BWV has a variety or different room sizes, PVB has only studios and bungalows
- Both have great views and point saving views
- BWV has a much much better point chart
- BWV doesn't have the risk of points being reallocated from bungalows into other rooms
- BWV has easy access to Epcot for dining, PVB has easy access to monorail resorts restaurants

Personal preferences come into play, but I'd say in every category, BWV is either better or a tie. And yet BWV is sold for $129 on average, PVB for $152 on average. The shorter expiration is already playing a role here. We won't see a crash, just a slow trend toward zero.

 

[stewart715]

I would say it's already happening.
Let's compare BWV and PVB.
- BWV has walking access to two parks, PVB has monorail or boat to two parks
- BWV has a variety or different room sizes, PVB has only studios and bungalows
- Both have great views and point saving views
- BWV has a much much better point chart
- BWV doesn't have the risk of points being reallocated from bungalows into other rooms
- BWV has easy access to Epcot for dining, PVB has easy access to monorail resorts restaurants

Personal preferences come into play, but I'd say in every category, BWV is either better or a tie. And yet BWV is sold for $129 on average, PVB for $152 on average. The shorter expiration is already playing a role here. We won't see a crash, just a slow trend toward zero.

PVB vs. BWV isn't really a relevant comparison. The years remaining surely has an effect on price but the fact remains that the resale value of the 2042 resorts at WDW are still at an all time high and are continuing to rise. Still think we're many years away before that turns around.

 

[Jerry@dvcstore]

I get this question often at the office and as of now, there has been no official announcement of what Disney is planning to do with these resorts once they expire. I am sure Disney will come up with something, but at this time, there is still no word....only rumors and speculation. They do have 23 years to see how things go with the program... so it should be interesting to see what happens.