How big is SSR going to be?

[Johnnie Fedora]

Wasn't SSR always going to be three phases, or just two with the possibility of 3? With phase thee how many total units are there going to be now? How much of the total resort has been sold to date?

 

[spiceycat]

over 800 rooms - but I can't remember the exact figure

they are currently selling the 2nd part - it will open in March, 2005 - it is selling to quote "like hotcakes"

 

[SSRex]

When I first looked into SSR in August 2003, there were only four buildings for sure with another 8 listed as proposed. Phase 3 will add 6 more.

 

[jel0511]

It is my understanding SSR was originally only going to have two phases, and they just recently added the third phase. Phase 1 with 4 buildings has completely sold out, with the exception of a reserve for current members to add-on. DVC is now only selling Phase II to new members. I believe Phase II is bigger with 8 buildings, I think Phase III is going to be 6 more buildings. After all is said and done, SSR will be the biggest DVC resort with over 800 units.

 

[OneMoreTry]

Is this DVC buying frenzy an indicator of a strong economy? Or low interest rates? Or just an overwhelming desire to escape reality and go to WDW?

I assume the vast majority of these purchases are financed.
What would happen if the economy slumps and multiple members default on loans? Besides the fact that resales would plummet. And you would be able to get BWV or BCV on New Year's with a one week notice.

 

[DrTomorrow]

Originally posted by OneMoreTry
I assume the vast majority of these purchases are financed.
What would happen if the economy slumps and multiple members default on loans?

Well, the economy has been in very good shape since 9/11, yet DVC has been selling quite well. I would hope that the "vast majority" of DVC purchases are NOT made with someone's last two nickels, and would suspect that most owners can weather an economic downturn or two.

 

[Granny]

Originally posted by OneMoreTry
Is this DVC buying frenzy an indicator of a strong economy? Or low interest rates? Or just an overwhelming desire to escape reality and go to WDW?

Yeah.....that last one!

And Dr. T's right (surprising, eh? ). I wouldn't think that people who buy DVC are any more likely to default on their loan than people who buy cars or houses.

 

[spiceycat]

I agreed the last one - hey I love to escape reality - I only take a cell phone for emergencies - leave the computer, work, home - and I have a real escape!!!!