DVC solution??

[igrsod]

What if DVC added one year extension to everyone's deed. Would that solve the problem with people losing the use of their 2019 points??
Curious what others think?

 

[davper]

Something I suggested on another thread. But can they, legally? And what about those that lost 2 years of points, like myself?

 

[igrsod]

Something I suggested on another thread. But can they, legally? And what about those that lost 2 years of points, like myself?

Good questions... I was just posing it as a possible solution. Not sure of the legalities and such. I think most owners would appreciate that as a solution.

 

[erionm]

What if DVC added one year extension to everyone's deed. Would that solve the problem with people losing the use of their 2019 points??
Curious what others think?

This might not be possible unless they extend the ground leases (on all resorts) with TWDC. At the end of each resorts ground lease, control over the building reverts to the resort division and would no longer be a DVC resort.

 

[Sandisw]

Only way is to get TWDC to agree to the extension. But, even if they did, it’s not going to help with the current situation of an over abundance of points, even if they stick to the rules of letting points expire.

Plus, this would be giving all owners an extra year, not just those who lost points,
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[CarolMN]

And it wouldn't help all that many owners. Many of us do not expect to be alive or able to travel at the end of the contracts. IMO, one additional year would not result in the resale market valuing my BWV contract higher to any noticeable extent.

"A dollar promised in 20 years is worth a LOT LESS than a dollar today."

 

[Grumpy by Birth]

Another consideration... extending the deed gives you another year of points... along with another year of MFs to pay. So you really wouldn't be getting your lost points back. You'd still have to pay for that extra year's worth of points on top of the MFs you already paid for the lost points.

 

[ABE4DISNEY]

I think I also read this one at dvcnews.....What about opening up RIV all the way and possibly add some of the moderates for point stays?

 

[Marionnette]

Had had read on another board that they were considering converting those “lost” points into multiple future UYs so that the impact is less severe by spreading it out over time.

 

[Sandisw]

I think I also read this one .....What about opening up RIV all the way and possibly add some of the moderates for point stays?

All of those are possibilities if they can negotiate that with Disney.

For moderates, the current program is thst a DVC turns over a villa in exchange for members to use points there. This way, the cash from that room is used to offset the trade,

So, DVCM could very well be trying to negotiate all those changes, including getting DVD to declare more rooms from RIV to DVC,

But those moves will cost Disney to lose money, so it won’t be an easy move,

 

[Lumpy1106]

I own at BLT, so if they extended a year, my contract will expire when I am 93 instead of when I am 92. Thanks, but no.
The only solution I can see that makes any sense is, if the cash resorts end up being underbooked to the extent that they have to close parts of those resorts (has been done before), those are offered to DVC. As Sandisw has said, that's a complex issue, but IMHO, feasible.

 

[StitchesGr8Fan]

Everyone’s contract at a resort has to expire at the same time. (OKW has 2 dates). So they would have to extend for everyone, even people who didn’t lose points. Therefore some people would be getting an extra year for free.

 

[Chuck S]

Here's a thought they could do, that wouldn't cost Disney or DVC a fortune. The next new resort, Reflections, could be opened to reserservations early, before any points are sold, for those people that were affected by the covid 19 closures, give them a month to book reservations, with a one year "use by" date. After that month, when everyone had their opportunity to book, the resort could open up to DVC Sales, and the new direct buyers could book at 11 months and existing Direct buyers could open up at 7 months. It would likely mean, however, that more rooms would need to be declared in the first round than was originally planned. But overall all, likely the least expensive option for DVC looking at the big picture. And it wouldn't have an impact on booking availability for current year points at home resorts for members that weren't impacted by the closures.

 

[davper]

I would be happy with getting the MF value of my lost points in credits towards tickets.

 

[Chuck S]

I would be happy with getting the MF value of my lost points in credits towards tickets.

The problem with that, if the lost points were banked from the previous year, is that those dues were already spend at your home resort during that use year to pay for the line items at that resort.

 

[Sandisw]

I would be happy with getting the MF value of my lost points in credits towards tickets.

I saw another posting elsewhere that said they talked to a higher up and that any solution has to involve something related to real estate as this is a real estate issue,

So it does not appear things like tickets, etc, would be a legal way around this,

 

[igrsod]

I saw another posting elsewhere that said they talked to a higher up and that any solution has to involve something related to real estate as this is a real estate issue,

So it does not appear things like tickets, etc, would be a legal way around this,

That makes sense to me. Honestly, there is no perfect solution.. and whatever is decided, not everyone is going to be happy. It is an uncertain time and no one could have planned for all of this. Most important thing is to keep people as safe as possible. Material things truly are not that important at times like this.

 

[Heather07438]

It might work out if DVC gave those out points a few options to choose from, say get 50% of their dues back on unusable points, or be able to use the lost points in some set time frame in the future (dues already paid), or Disney stepping in to offer a decent percentage off APs, etc. I don't know enough to give precise options, but something along those lines.

I think the ability for individuals to choose the remedy that fits them best would go a long way in improving satisfaction.

 

[Chuck S]

I think the ability for individuals to choose the remedy that fits them best would go a long way in improving satisfaction.

That would be a terrible mess, and it still wouldn't make everyone happy.

 

[Sandisw]

It might work out if DVC gave those out points a few options to choose from, say get 50% of their dues back on unusable points, or be able to use the lost points in some set time frame in the future (dues already paid), or Disney stepping in to offer a decent percentage off APs, etc. I don't know enough to give precise options, but something along those lines.

I think the ability for individuals to choose the remedy that fits them best would go a long way in improving satisfaction.

I think what we Need to Rememver is that DVCM has to make the solution work for the system and the balancing of points,

Its not really about the effect on owners, Sure, whatever they do will have a different effect on individuals, but ultimately, it is about the extra points only and what can be done legally with them to absorb them while maintaining minimal loss of those affected points.