DonMacGregor
Sub Leader
- Joined
- May 13, 2021
Yes it is.Does that mean the “rebate” is taxable as a 1099?
I don’t know, but my guide has told me you only qualify for the rebate if you live in one of the 50 states. I’ve read elsewhere it’s not taxable, but that’s only hearsay.Does that mean the “rebate” is taxable as a 1099?
I got the VDH brochure yesterday and there were ZERO numbers in it, except the fine print. I thought the WDW bus ads say 30% now? VDH didn't even try that, LOL. I would be interested to see the math in the VDH pitch now, there has to be some. When I did the pitch before Covid, there were tons of charts.The ”math” is getting harder to justify. Back in 2012 I am sure the signs at the DVC kiosks still read “save 70%.” At some point it dropped to 50%, 40% and now it sells the Disney dream. So if that doesn’t tell you something, I am not sure what does. If I talk to folks now, I talk more about the intangible benefits over the savings. And while I love both direct and resale, buy where you want to stay has become even more important.
I got a "full pitch" a year ago at WDW and there was no mention of any savings. They emphasized a life time of family trips for me, my kids, and grandkids. They did say I would be saving money from the room I was saving at (contemp club level) but did not really specify a percentage other then "oh yeah you saving for sure."I got the VDH brochure yesterday and there were ZERO numbers in it, except the fine print. I thought the WDW bus ads say 30% now? VDH didn't even try that, LOL. I would be interested to see the math in the VDH pitch now, there has to be some. When I did the pitch before Covid, there were tons of charts.
Soooo I was tempted to add direct with this exact UY and resort. My guide was saying that IF I opt to use the Magical Beginnings deal, on top of the other incentives, I would pay dues on the full set of 2022 points, not just pro-rated from the date the contract was signed. Can you please confirm what your arrangement? And would love to know how that pushed you to buy direct. I'm still on the fence trying to figure out if I can make the math work for the blue card, though the FOMO is killing meWe just used Magical Beginnings @$22/pt. for an Oct UY GF contract. It was seamless and they are offering it publicly now on the website. It definitely moved the needle for us to buy in Direct.
I did have to pay the full 2022 dues. We have been looking at direct and resale for awhile and actually just also purchased a resale contract. I was willing to wade into the direct water a little at a time (50 point contracts here and there) to work my way up to a blue card but, like you, the FOMO was real. We were able to get our price per point after all incentives/rebates/rewards cash back to $182.17. Adding on the 2022 dues brings that cost per point up to $189.51. (We also used the military discount as paltry as it is, but I'll take every penny...every stinking one of em).Soooo I was tempted to add direct with this exact UY and resort. My guide was saying that IF I opt to use the Magical Beginnings deal, on top of the other incentives, I would pay dues on the full set of 2022 points, not just pro-rated from the date the contract was signed. Can you please confirm what your arrangement? And would love to know how that pushed you to buy direct. I'm still on the fence trying to figure out if I can make the math work for the blue card, though the FOMO is killing me
I did have to pay the full 2022 dues. We have been looking at direct and resale for awhile and actually just also purchased a resale contract. I was willing to wade into the direct water a little at a time (50 point contracts here and there) to work my way up to a blue card but, like you, the FOMO was real. We were able to get our price per point after all incentives/rebates/rewards cash back to $182.17. Adding on the 2022 dues brings that cost per point up to $189.51. (We also used the military discount as paltry as it is, but I'll take every penny...every stinking one of em).
Being able to put it all on my CC and get those rewards dollars was a thing. I applied for the card as soon as I read about MB, lol, and worked that out with my guide splitting it up over a few months. It wasn't a decision that I took lightly but the number felt fair when compared to current resale prices for VGF and having some unrestricted points. So all in all, it came down to seeing a number that I felt was competitive with resale when taking into consideration the tangible benefits (unrestricted booking), that made the price make sense for me.
Agree 100% FWIW. Took the whole family (6 of us, 3 connecting rooms) to Dolphin the week before Christmas. Booked maybe 6 months out.Dolphin is not an off-site option, it is considered a deluxe on-site for perks, as opposed to value. It's much closer than a massive component of DVC (AKL, SSR, OKW).
In many ways, Marriott is a superior hotelier. I understand the bias here is DVC, but the obvious competitor is Dolphin. When you are doing math, it is the obvious comparison.
See that's the problem with these arguments. You said it's objectively equal, then gave an opinion in the same breath. No matter how much you want to break into down into pure math, you can't. Too many intangibles that make a resort preferable to someone over another. I love Swolfin I think it's one of the best bang for buck hotels on property. Stayed there at least 10 times. But it's not objectively equivalent to owning DVC and neither is renting.This thread is about math. Dolphin is an equivalent property by any objective measure, much better than the 11 point OKW room IMO.
Sure, if you must see animals from your balcony, Dolphin isn't going to work, but neither is 11 point OKW room.See that's the problem with these arguments. You said it's objectively equal, then gave an opinion in the same breath. No matter how much you want to break into down into pure math, you can't. Too many intangibles that make a resort preferable to someone over another. I love Swolfin I think it's one of the best bang for buck hotels on property. Stayed there at least 10 times. But it's not objectively equivalent to owning DVC and neither is renting.
Do they have kitchens?Sure, if you must see animals from your balcony, Dolphin isn't going to work, but neither is 11 point OKW room.
These boards look down on Swolphin, and I don't get the hate. I can't think of an objective measure Swolphin are worse at, they are much better at location and transportation (and probably food?) than the majority of DVC.
If you are comparing WDW hotel rooms to WDW hotel rooms, as many are, it's the obvious comp. Fine, maybe you don't want to stay at Dolphin. I don't really want to stay at 11 point OKW. Just because it's OMG DISNEY doesn't make it better.
Nope. No 2 or 3 bedroom options either. But we're only supposed to compare it as a hotel room, because reasons.Do they have kitchens?
Nope. These are studio hotel rooms, some larger than others, some have fireworks views, some have horrible views. Some have balconies, many do not... They have a coffee maker and mini fridge, but I think if you want a microwave, you have to ask. Definitely no toaster like the studios have.Do they have kitchens?
It's $215 for the dates on my August trip right now. It swings wildly in price, and it has downside, as does DVC.I spent 10+ years staying at the Swolphin, from the Starwood days to now Marriott. I stopped in the past year or two because the rates were getting out of control. If you're super flexible on dates, then you might be able to find something sub $300 (incl. resort fees & parking) per night (especially if you're a passholder using the discount code), but no longer on the regular.
Nope. These are studio hotel rooms, some larger than others, some have fireworks views, some have horrible views. Some have balconies, many do not... They have a coffee maker and mini fridge, but I think if you want a microwave, you have to ask. Definitely no toaster like the studios have.
I spent 10+ years staying at the Swolphin, from the Starwood days to now Marriott. I stopped in the past year or two because the rates were getting out of control. If you're super flexible on dates, then you might be able to find something sub $300 (incl. resort fees & parking) per night (especially if you're a passholder using the discount code), but no longer on the regular. If you have Marriott points, they've gone to dynamic pricing and so you're typically looking at 40,000 points plus and the new Swan Reserve is always over 50,000. That's one of the reasons why I bought DVC - it worked out to be cheaper in the long run.
First, congratulations on a smart decision and on your success. Second, congratulations on asking your question here on the boards. Many members of the disboards have analysed this beast to a point that makes my eyes glaze over. Very smart people here who know finance, and know all of the legal ins and outs of the contracts you are considering.I use to be a DVC owner for many years, back in 2012 I sold my DVC so I could purchase my first rental property,
I had a 3 bedroom family suite with a balcony at Dolphin. No kitchen, admittedlyNope. No 2 or 3 bedroom options either. But we're only supposed to compare it as a hotel room, because reasons.