How much does Resort Exp Date REALLY matter???

[disneynutz]

I'm just 21 and my wife is 25 and we've been back and forth on this same issue a lot. The end date is important to me by 2042 I'll just be 49 and hopefully still wanting to go to Disney a lot. However she really wants to own at BCV whereas while I love the looks of it, the date just isn't doing it for me.

You are gong to spend hundreds of thousands of dollars on your Disney vacations and you are going to let the termination date dictate where you buy and stay? Plan on your purchase being worth zero when you sell, buy where you love to stay and enjoy your Disney vacations.

Bill

 

[NoleFan]

You are gong to spend hundreds of thousands of dollars on your Disney vacations and you are going to let the termination date dictate where you buy and stay? Plan on your purchase being worth zero when you sell, buy where you love to stay and enjoy your Disney vacations. Bill

Exactly!

 

[a742246]

I'm just 21 and my wife is 25 and we've been back and forth on this same issue a lot. The end date is important to me by 2042 I'll just be 49 and hopefully still wanting to go to Disney a lot. However she really wants to own at BCV whereas while I love the looks of it, the date just isn't doing it for me.

From years of experience if your wife wants BCV get BCV. Believe me it will be a wise decision.

 

[JimMIA]

From years of experience if your wife wants BCV get BCV. Believe me it will be a wise decision.

Yep. "If Momma's not happy, ain't nobody happy!"

 

[disneynutz]

Yep. "If Momma's not happy, ain't nobody happy!"

And that's why we own AKV, BCV, BWV, BLT, VGF and VWL.

She has finally decided that BWV is our favorite followed by VGF and VWL. Thank heavens that she doesn't have any interest in the Poly.

Bill

 

[NoleFan]

My husband doesn't like bcv & our son & I love it there. I bought points there anyway with no intention of selling. we all like bwv so we own there as well. I think bwv is the only resort we all agree that we love.

 

[Dean]

I'm just 21 and my wife is 25 and we've been back and forth on this same issue a lot. The end date is important to me by 2042 I'll just be 49 and hopefully still wanting to go to Disney a lot. However she really wants to own at BCV whereas while I love the looks of it, the date just isn't doing it for me.

While I wouldn't let expiration alone dictate the options, I think it's wise to consider it as part of the value or lack of for a given resort/contract. OKW is a good example where there are 2 expirations, the 2057 expiration is more than the 2042 but whether it's worth it is the question. IMO OKW is worth a max of about $8-10 pp more for 2057, compared to $2042. The thing that scares me about the resorts with a later expiration is how will dues be when the overhead costs needs to be shrinking as the system gets smaller. For OKW it's even more scary because you have the added risk and uncertainty of how to get a resort down to 1/3 it's size and legally likely not being able to do so without redoing all then existent deeds. Or else keeping it open at it's current size with low occupancy and lower returns to DVC after CRO takes their 50% cut.

To me the bottom line is not to avoid a resort simply because it's a 2042 resort but rather to consider the value for the remaining contact. There will always be options down the road to add something else and it's almost guaranteed that the long term cost of waiting in this situation would be less than limiting one's self to a later expiration and otherwise paying more. Thus I don't think a 2042 resort is a big deal for younger buyers. For specifics, OKW & AKV will likely have higher long term fees on their 2057 expiration; SSR should continue to be the lowest overall, BLT should have reasonable fees though not enough so to justify the purchase for the fees themselves and VGF will be dramatically more long term and for most, will no where near return the value for the price paid for a new buying who owns mainly at VGF. The first question for anyone is whether buying in makes sense in any capacity so everything else I've said or will assumes that the answer here is yes. After that it's simply comparing one resort situation to another and retail to resale. SSR will almost certainly be the best value going forward, after that it's simply comparing preferences, risk, costs, usage and the like. One issue between BCV and BWV is that BWV is cheaper pp and also has the standard view options so less points needed if EPCOT is the main focus.

 

[skier_pete]

While I wouldn't let expiration alone dictate the options, I think it's wise to consider it as part of the value or lack of for a given resort/contract. OKW is a good example where there are 2 expirations, the 2057 expiration is more than the 2042 but whether it's worth it is the question. IMO OKW is worth a max of about $8-10 pp more for 2057, compared to $2042. The thing that scares me about the resorts with a later expiration is how will dues be when the overhead costs needs to be shrinking as the system gets smaller. For OKW it's even more scary because you have the added risk and uncertainty of how to get a resort down to 1/3 it's size and legally likely not being able to do so without redoing all then existent deeds.

The dues are based on the individual resorts. Something happening at another resort won't affect dues at yours.

Secondly, there's almost zero likelyhood they close these resorts at the end of the lease life. My guess is either they will just extend the lease and resell everything, or more likely they will do some sort of major refurb and THEN resell. OKW in particular they will likely refurb the entire resort, and then resell the unsold sections for another 40+ year lease. Then when 2057 comes around, the will put those rooms on the market. I can easily see where getting hold of a 2057 lease at OKW right now will be a great deal later. In say 2030, when the most the resort is expiring in 2042, the 2057 leases will be worth way more than $15 more per point.

 

[ELMC]

Personally I gave zero consideration to end date when deciding what resort to buy at. I can understand why it might be important to some, but I place exponentially more value on how I will use DVC in the next 10 years than how I might use it starting in 2040. Life changes too much. Sure, it's easy to say now that you see yourself spending lots of time at Disney when you retire, but honestly, if you're 30 years away from retirement, I think it's overly optimistic to think that you actually know what you will be doing at that time.

 

[Dean]

The dues are based on the individual resorts. Something happening at another resort won't affect dues at yours.

Secondly, there's almost zero likelyhood they close these resorts at the end of the lease life. My guess is either they will just extend the lease and resell everything, or more likely they will do some sort of major refurb and THEN resell. OKW in particular they will likely refurb the entire resort, and then resell the unsold sections for another 40+ year lease. Then when 2057 comes around, the will put those rooms on the market. I can easily see where getting hold of a 2057 lease at OKW right now will be a great deal later. In say 2030, when the most the resort is expiring in 2042, the 2057 leases will be worth way more than $15 more per point.

Only partly true. There are charges related to common functions such as MS as well.

We don't know what's going to happen to the resorts and I certainly don't share your optimism as to to the outcomes of the resorts. As a minimum, we know they are slated to be removed at a given point and not all at the same time. Given Disney and DVC's history, I am not confident in their ability to downsize as needed to keep prices appropriate AND service at the correct level. To think Disney will do things in such a way as to increase owners values is not born out by history so far. We'll see in about 24-27 more years.

 

[amberg93]

From years of experience if your wife wants BCV get BCV. Believe me it will be a wise decision.

I'm also the wife. If I'm not happy nobody is happy either. Two wives means that someone has to be unhappy

And yes, I do care about the end date a lot. Besides the fact that I happen to love AKV just as much as BCV, it makes more sense to buy somewhere we'll have a longer contract. Though, now that I've gotten her on the idea of picking somewhere with a longer contract she's wanting BLT instead.

Clearly, we've got a lot to sort out. But date is a pretty big thing for us when we consider what a big investment it is, we want it to last as long as plausible.