Interested in DVC!!

[CarolMN]

No i know how it works thank you, just amazed how it works.

If it didn't work the way it does, DVC members would not have the opportunity to use points for anything other than a DVC resort or RCI trades. That would make a lot of Members very unhappy - no DCL cruises, no stays at the Disneyland Hotel or Paradise Pier, no stays at WDW non-DVC resorts, etc.

Even though those uses are a poor $$ value, they are popular options. (I'm personally amazed at how many members use points to cruise). Sales would take a hit without those options.

 

[mom2rose&john]

Can you put children under 18 yrs old on the deed?

 

[CarolMN]

Can you put children under 18 yrs old on the deed?

Not AFAIK A minor cannot own property. Why would you want to put one on the deed? Probably isn't necessary.

 

[mom2rose&john]

You can will it to your kids, correct? What happens if they are under 18 and are willed the DVC?

 

[_auroraborealis_]

No i know how it works thank you, just amazed how it works.

But... there's nothing weird about it.

Florida law requires Disney to retain a certain percentage. Why would they leave that percentage idle?

And the trading platform to non-DVC means they get reservation points, and need to turn them to cash. How else would they do it?

 

[_auroraborealis_]

You can will it to your kids, correct? What happens if they are under 18 and are willed the DVC?

Then it will be part of the managed estate, as will anything you will to a minor. Minors cannot control inheritance until 18 and need a trustee.

 

[CarolMN]

You can will it to your kids, correct? What happens if they are under 18 and are willed the DVC?

Then it will be part of the managed estate, as will anything you will to a minor. Minors cannot control inheritance until 18 and need a trustee.

And if your Will does not name a guardian for your minor children, your state of residence will appoint one for you. It may not be the person(s) you would have chosen.

If you don't live in the state of Florida, you could also consider putting your DVC in a trust, and the DVC transfer would not have to go through probate. The beneficiaries of the trust could be your children and you would appoint the trustee(s) & successor trustees for the trust. (If you are not a Florida resident but own DVC, your heirs will have to go through probate in your state as well as the state of Florida. That can be expensive and time consuming).

I am not an attorney (just worked in the Financial Services industry). If you are serious about estate planning, you should consult an attorney.

 

[Jkarrows]

If it didn't work the way it does, DVC members would not have the opportunity to use points for anything other than a DVC resort or RCI trades. That would make a lot of Members very unhappy - no DCL cruises, no stays at the Disneyland Hotel or Paradise Pier, no stays at WDW non-DVC resorts, etc.

Even though those uses are a poor $$ value, they are popular options. (I'm personally amazed at how many members use points to cruise). Sales would take a hit without those options.

Why not, my point was there is no free space in resorts with DVC but there is for cash customers, nothing to do with trades or cruises?

My point was why as a DVC member can you not book these rooms that cash customers can.

Nothing to do with staying anywhere else, if the room is free then surely it should be free to DVC and cash customers, that's my point.

 

[Jkarrows]

But... there's nothing weird about it.

Florida law requires Disney to retain a certain percentage. Why would they leave that percentage idle?

And the trading platform to non-DVC means they get reservation points, and need to turn them to cash. How else would they do it?

As said offer them to both cash and DVC members, if i use my year points tomorrow then i have no more points no different if i use them at any time of the year.

 

[Marionnette]

As said offer them to both cash and DVC members, if i use my year points tomorrow then i have no more points no different if i use them at any time of the year.

I really don’t think you’re grasping how the trading platform works.

Let’s say that I trade my points for a DCL cruise. DCL doesn’t deal in points. It deals in cash. DVC has to pay DCL for that reservation. How do they do it? They turn those points, and those from other DVC members, into room inventory that is then turned over to Disney CRO to book for cash. DVC gets paid when the villa gets booked on the cash side. DVC then turns around and pays DCL for my cruise. If it was done the way that you outlined, then DVC never gets cash for that villa if a member books it. Then they can’t pay DCL and the whole thing falls apart.

 

[KAT4DISNEY]

Why not, my point was there is no free space in resorts with DVC but there is for cash customers, nothing to do with trades or cruises?

My point was why as a DVC member can you not book these rooms that cash customers can.

Nothing to do with staying anywhere else, if the room is free then surely it should be free to DVC and cash customers, that's my point.

DVC pays for member trades with cash, not points. DCL, ABD, Disney hotels - none of them accept points for payment - they want cash like they do from any other customer. And how does DVC get that cash? By renting out reservations made on the trading members points.

FWIW - there's nothing stopping you from booking the room you desire on cash. In essence it's like renting from the member who traded out and Disney is the middle man. The other model that is often recommended is for the member to rent out their points directly via a middle man (David's or another broker) and then pay cash for whatever location they want to go visit. Exact same thing and both ways will leave a room that is bookable by anyone for cash but not bookable on points by other members.

And of course there's the points owned by Disney whether it be their 2-3% they are mandated to own or if it's other points they own or rooms that are available in a new resort because they haven't even been declared into DVC. They don't want to just exchange points for them because that's what they already have. They want to get some income out of them via cash rentals.

 

[Deb & Bill]

As said offer them to both cash and DVC members, if i use my year points tomorrow then i have no more points no different if i use them at any time of the year.

They are offered to both cash and DVC, except DVC has to pay cash to use those villas. They have already been booked with points and the booking traded for a cruise, Adv by Disney or Disney Hotel. Or they belong to DVC. Instead of turning it over to David or another broker, they use the inhouse broker, Disney Reservation Center.

 

[Deb & Bill]

That’s true, but I was referring to the point charts in their entirety. Not specifically SV Studios. BCV has same issue with their studios too.

When you referred to the cheap points at the BWV, I interpreted that as the Standard View. The Preferred view isn't that cheap. But it is cheaper than VGF or Polynesian I guess.

 

[Jkarrows]

I really don’t think you’re grasping how the trading platform works.

Let’s say that I trade my points for a DCL cruise. DCL doesn’t deal in points. It deals in cash. DVC has to pay DCL for that reservation. How do they do it? They turn those points, and those from other DVC members, into room inventory that is then turned over to Disney CRO to book for cash. DVC gets paid when the villa gets booked on the cash side. DVC then turns around and pays DCL for my cruise. If it was done the way that you outlined, then DVC never gets cash for that villa if a member books it. Then they can’t pay DCL and the whole thing falls apart.

OK that makes sense, thanks, never thought of it that way to be fair.

 

[Jkarrows]

DVC pays for member trades with cash, not points. DCL, ABD, Disney hotels - none of them accept points for payment - they want cash like they do from any other customer. And how does DVC get that cash? By renting out reservations made on the trading members points.

FWIW - there's nothing stopping you from booking the room you desire on cash. In essence it's like renting from the member who traded out and Disney is the middle man. The other model that is often recommended is for the member to rent out their points directly via a middle man (David's or another broker) and then pay cash for whatever location they want to go visit. Exact same thing and both way will leave a room that is bookable by anyone for cash but not bookable on points by members.

And of course there's the points owned by Disney whether it be their 2-3% they are mandated to own or if it's other points they own or rooms that are available in a new resort because they haven't even been declared into DVC. They don't want to just exchange points for them because that's what they already have. They want to get some income out of them via cash rentals.

Apart from why would i use cash when i am a DVC member who has points?

 

[KAT4DISNEY]

Apart from why would i use cash when i am a DVC member who has points?

Often you can get more cash via renting the same number of points than to exchange your points. Disney requires a bit of the cut to do the work. If you do the work then you keep it all.

 

[Deb & Bill]

Apart from why would i use cash when i am a DVC member who has points?

Because nothing is available to book using points when you want to go. So you pay cash to book something else because you really, really want to go at that time. Or you have a bounce back reservation to use instead. All sorts of reasons.

 

[Jkarrows]

Because nothing is available to book using points when you want to go. So you pay cash to book something else because you really, really want to go at that time. Or you have a bounce back reservation to use instead. All sorts of reasons.

If i had the cash to go on top of being a DVC owner I would buy more DVC points with the cash instead.

Just personal view.

 

[_auroraborealis_]

If i had the cash to go on top of being a DVC owner I would buy more DVC points with the cash instead.

Just personal view.

Then you might run into this problem again.

If Disney allowed the units they paid for in points to be paid for again in points, it'd just be point laundering and they'd take losses on cruise exchanges and Concierge. Disney is NOT going to take losses for trade.

 

[Marionnette]

If i had the cash to go on top of being a DVC owner I would buy more DVC points with the cash instead.

Just personal view.

More points don’t solve the problem if there’s nothing available to book via DVC. Renting out existing points so that you can pay cash for what you want is a more rational idea.