Expiration year -- how is it going to work

[Brian Noble]

Mexico resorts are all RTU. I think there are also some oddities in e.g. Scotland, but don't remember the details.

However, in the Mexico case, I am fairly sure the RTU is not tied to an underlying lease that ends for everyone at the same time, so it is perfectly possible to sell me a 30 year RTU today, and you a 30 year RTU in three years on the same property.

I can't think of another US-based timeshare structured this way.

 

[Sandisw]

Yes as stated no 2043 booking, maybe not even any real 2042 booking. Best case is to probably borrow them and use them prior to any issues, but I’m sure when we get closer like within a few years (3-5) they will have an outline and defined plan set for all the 2042 points expiring.


I’d be surprised if they cut everyone off end of Jan 2042, but I would think you’d have to have something booked by then.

Me too!!
I’m thinking the thought process might be having some sort of great incentive as an owner to whatever they do beyond 2042 with that location. I have thought about that as well, I’m sure they will want people to roll over into something else before it actually expires.

Unless DVD decides to change things, the ground lease ends 2042 and the building and land go back to Disney.

There will be no availability to book beyond January 31st 2042.

Now, DVC could decide to offer owners some potential options but it won’t be within the DVC unless they get Disney to extended because those resorts are gone.

It’s also why I see them moving toward the trust model because they don’t run into this with new resorts. No more leasehold and only RTU to properties.

 

[Genie+]

We bought a 2042 contract because we wanted BW or BC and that’s all you get lol, and it matches our expected timeline of usage. I liked the idea of not being tied in too long.

Our plan is to roll with whatever DVC decides is the best way to transition the membership through this period (within reason). With a Sept UY there will only be 5 months of inventory left for our 2041 point allocation. I can’t say exactly how DVC is going to smooth the wrinkles but I’m fairly certain DVC will make a few adjustments near the end. Maybe they don’t allow banking some or all of our 2040 points, change home priority booking window to something different than 4 months, and/or they offer incentives to roll points into a new contract. It’s not something they can commit today because the DVC landscape in 15 years is unknown. Closer to then they’ll determine any likely issues and see how they might prevent.

My only prediction is DVC probably wants the dues paid first to use 2041 points in 2040

 

[muppets3d]

Are there other big timeshares like DVC that don't go on forever and have an actual expiration? Or is DVC unique that way. Wondering if there's examples out there already.

It's not terribly common, at least for points-based timeshares. Most of them seem to be perpetual, except DVC. But Disney doesn't like the idea of anyone except them owning property inside the district. But now with Golden Oak things seem to be changing a bit.

 

[Sprinkles&Sprints]

I guess this is another indirect advantage of Favorite Weeks. I have two contracts with Dec UY - one at BWV (and per the points above could be an absolute mess the last year) and CCV (where at least I know I’m guaranteed to have Week 52 that year). Although hypothetically - how would that last year work if someone has a Dec UY and a Favorite Week in March?

 

[DougEMG]

So what would motivate a DEC UY owner to pay the dues in 2041 if DVC puts some kind of restrictions on borrowing in place thus forcing the owner to use the points in only Dec 2041 and Jan 2042?

 

[muppets3d]

So what would motivate a DEC UY owner to pay the dues in 2041 if DVC puts some kind of restrictions on borrowing in place thus forcing the owner to use the points in only Dec 2041 and Jan 2042?

We are 18 years away FFS can we keep the "what ifs" to at least the same presidential administration, if not the same year?

 

[Brian Noble]

So what would motivate a DEC UY owner to pay the dues in 2041

If they do not pay 2041 dues, they won't be making any reservations from about March '41 on, because dues are CY not UY.

I would assume 2042 dues will be pro-rated for everyone, at 1/12th, just as dues are pro-rated at the beginning of a resort's life. Anyone who owns any other points in the system are going to need to pay that off, or their account overall is going to be frozen. If you only one '42 points, then maybe the only reason to pay is that they are honest.

 

[Chili327]

So what would motivate a DEC UY owner to pay the dues in 2041 if DVC puts some kind of restrictions on borrowing in place thus forcing the owner to use the points in only Dec 2041 and Jan 2042?

Zero motivation if you don’t plan to use them.

We are 18 years away FFS can we keep the "what ifs" to at least the same presidential administration, if not the same year?

We are less than 18 years away from it becoming an issue, most likely will have to be worked out & completely in place by 2040, so at best 15 years (technically 14 and some change)