Effect of post-9/11 Recession on DVC Resales?

[ransom]

I've seen folks in another thread speculating about people selling their DVC contracts as soon as a recession comes along. So I wondered what happened in the post-dot-com, post-9/11 recession? Were there a ton of DVC contracts on the market? Or is DVC fairly recession-proof?

 

[Database]

I heard that post-9/11 actually increased sales and interest in DVC.
We were told that it wasn't until after 9/11 Hilton Head sold out.

 

[utahkennedys]

That makes sense to me b/c I have heard there was a huge resurgence in the importance of family, family time, etc -- a perfect match with DVC when people re-focused their priorities.

 

[DVC Grammy]

IMHO, there is a perception "out there" that WDW and Disney in general, has the aura of safety. Part of it is marketing (family-friendly) and part of it possibly has to do with the "Main Street Americana" image of a time when people felt safer.
As I said, I think it's a perception, but I do know that while I don't become totally carefree anywhere any more , I do feel more relaxed in WDW than many other tourist destinations that aren't just one resort hotel/ship w/amenities attached.

 

[goldilocks_63]

So, I had just adopted a child, and 2 weeks after 9/11 I got laid off....

BUt despite that, there were some very good resales available, so I bought thru TSS OKW for discounted prices (I'd list them but I can't remember them exactly) + closing costs, I believe...

So even though I didn't have money, and it was a risk, I purchased. I had to rent those first years points until I had income (work in IT - On again. Off Again, etc...)...

But it worked out for me. So my perception is that resales increased, and there were some bargains to be had......

Goldi

 

[jbrowna]

In the first year or so after 9/11 I heard from some CM's I knew that DVC was one of the few areas at WDW that was still growing -- everything else was contracting and retrenching. That made DVC the "fair-haired child" of the resort at that time. Whatever DVC wanted, DVC got. I suspect that pendulum is swinging back now, but who knows?

 

[Anthony1971]

I would agree there would have been some good deals to be had and maybe Disney let them slide through ROFR as they would not have know the effects on DVC --however I do not think there are any records here-- I do know there were some great package deals to be had.. I do remember getting 7 nights for the price of 4...so I would not cosndier DVC at that point as it would have made it cheaper to stay with cash with the ticket options and commitment.
But some here should have a better idea of what actually happened