Is BCV truly worth more than BWV?????

[jade1]

It seems that for some strange reason BCV owners appear to be very protective and dare I say paranoid about their resort. Why?

And that is odd (and makes no sense), because they are the ones that can stay at BCV any time (or time of the year) they want, and the rest have to take their chances. If any new resort causes more pressure on BCV availability at 7 months-its irrelevant to BCV owners and only effects the rest (or bad planners).

 

[lenshanem]

I personally like BWV better than BCV and try to book it when it is just a quick trip for DH and myself. But, my girls would rather swim at SAB and if you ask them that is their fav part of a WDW trip so I'm glad we own there instead for them.

 

[Dis13]

Wow, I'm stumped for a response. I'd like to think your post isn't simply a pot stirring post so I'll give it a wack. If it a stir.. well... then you got me.

Absolutely not trying to stir the pot.

We purchased a small OKW contract via resale, with the intent to add on at CRV. However, that's just not happening quick enough (we dipped into our 2008 points for the December trip), so I'd like to do a small add on to hold us over. Choices are:

OKW (lower $$, absolutely LOVE it there),
AKV (looks interesting, but not sure I will LOVE it for 50 years, club level interesting, but not if there are only 5 rooms available),
BCV (like the area, have 2 boys ages 8 and 10 who would LOVE SAB, most importantly, we would want to go early December - downside - less years).

Right now leaning toward BCV, but waiting to hear all the details "officially" for AKV beforemaking a decision. Plus we don't really need the points "today."

 

[dvcjim]

We like both resorts. We stay at BW with pts, and use cash at BC (sometimes pts also).

Can't go wrong with either, but if forced to choose I would say BC.

IMO the food options there are FAR FAR better, and the Pool is #1 in WDW.

When we stay at the BC we still stroll over to the boardwalk to take in the fun stuff going on. The walk is nice after dinner.

 

[dvcjim]

BTW I think it is foolish to buy one DVC over another at this point in time based upon how many years the contract has left on it.

If you love your DVC you will end up doing many many add ons over the course of the next 30 years anyhow.

If you get burnt out on DVC or have a change in vaction desires, you will be able to sell a more popular resort with less years on it for as much as a less popular resort with a longer contract period.

The LAST thing I would base my purchase on is what will happen 35 years from now.

Cross that bridge when you get there.

 

[jade1]

BTW I think it is foolish to buy one DVC over another at this point in time based upon how many years the contract has left on it.

If you love your DVC you will end up doing many many add ons over the course of the next 30 years anyhow.

If you get burnt out on DVC or have a change in vaction desires, you will be able to sell a more popular resort with less years on it for as much as a less popular resort with a longer contract period.

The LAST thing I would base my purchase on is what will happen 35 years from now.

Cross that bridge when you get there.

Couldn't agree more.

 

[dvcjim]

I would not want to own at resort A, and spend the next 30 years trying, hoping, waitlisting trying to get into resort B,C,D at the 7 mth window.

 

[tomandrobin]

I have absolutely nothing to say on this topic but do highly enjoy a good resort debate.

Nice to see other resorts being kicked around for change!

 

[Dean]

I would not want to own at resort A, and spend the next 30 years trying, hoping, waitlisting trying to get into resort B,C,D at the 7 mth window.

I've said the same thing many times to buy where you want to stay in MOST cases. Though I do feel there are other factors. Buying a resort simply on the basis of length of ROFR is not a good choice for many but the specific situations dictate where you draw the line. I do feel that the value will be going down or at least not going up as much fairly soon for the 2042 resorts

Do you think this will become more difficult (booking BCV at 7 months) once the people who buy into AKV get tired of looking at giraffes, since (at the moment anyway) there really isn't very much else there?

Every single extra point in the system will increase the pressure on the resorts that are more in demand. The only way it would ever help would be if the new resort were enough higher demand and size that it drew BCV owners in higher numbers and percentages than wanted BCV itself. Even then every single owner that trades out of a new resort is looking to go somewhere else so overall it would likely be a wash at best.

 

[dumbo71]

BTW I think it is foolish to buy one DVC over another at this point in time based upon how many years the contract has left on it.

If you love your DVC you will end up doing many many add ons over the course of the next 30 years anyhow.

If you get burnt out on DVC or have a change in vaction desires, you will be able to sell a more popular resort with less years on it for as much as a less popular resort with a longer contract period.

The LAST thing I would base my purchase on is what will happen 35 years from now.

Cross that bridge when you get there.

So did I make a mistake in your opinion by selling the older resorts I owned?

Worked out quite well, actually. I just used my SSR points to book a BWV standard view one bedroom for May. This was booked at 4 months out.

Holding a resort until the end or until the the price drops is a huge mistake IMO. Many will find out just how big of a mistake it is soon enough. Lets face it, plans change. You never know when you might be forced or want to sell. Why not own a resort that will have a high resale value? The longer term at AKV will mean a long period of high resale values unless DVC tanks entirely which we all know won't happen. If you end up keeping it to the end then you won't care. Many simply won't or can't.

I like to prepare for the worst case scenario. It has worked rather well to this point. I like buying low and selling high. Just like the stock market and housing market, many don't know when to cash out. I've been raking it in with the last market drop after 9/11. I got out immediately, watched the market plummet and when it got real low I bvought back in. Now my portfoluio is up over 75% in the last three years. Cash out of OKW, BCV, VWL, BWV in the next 5 years or plan on taking a huge loss if you should need or want to sell.

Thanks for providing a different take.

 

[dumbo71]

I do feel that the value will be going down or at least not going up as much fairly soon for the 2042 resorts

Every single extra point in the system will increase the pressure on the resorts that are more in demand. The only way it would ever help would be if the new resort were enough higher demand and size that it drew BCV owners in higher numbers and percentages than wanted BCV itself. Even then every single owner that trades out of a new resort is looking to go somewhere else so overall it would likely be a wash at best.

The first sentence, I agree with. It isn't a question of if it will happen but simply when. My guess is in the next 5 - 10 years especially if DVC continues on the rumored rapid expansion. All of those new resorts with 50 year terms will create a downward pressure on the older properties. Many will simply find it hard to justify buying a resort with 30 years of use when they can get one with 50.

The second part is hard to argue with as well. It is just simple math, really. I just haven't experienced it. I book at 7 months mainly and I'm always getting what I want. Do you have any facts to back this up or is it pure specualtion based on the numbers game?

 

[dvcjim]

edit

 

[keishashadow]

BTW I think it is foolish to buy one DVC over another at this point in time based upon how many years the contract has left on it.

my kids don't think so

If you love your DVC you will end up doing many many add ons over the course of the next 30 years anyhow.

not necessarily, why not transfer points if you need more infrequently?

If you get burnt out on DVC or have a change in vaction desires, you will be able to sell a more popular resort with less years on it for as much as a less popular resort with a longer contract period.

remains to be see...there has to be a cut-off eventually down the road when the bottom drops on the older contracts (20 years, 15 years, 10 years...who knows/what if DVC stops the ROFR process on the older contracts!)

The LAST thing I would base my purchase on is what will happen 35 years from now.

even my 13 year old said do an add-on where you get the most years usage (smart kid , planning his inheritance ).

Cross that bridge when you get there.

btw, each of my vultures (DSs) has "spoken for" a contract.

 

[dumbo71]

btw, each of my vultures (DSs) has "spoken for" a contract.

Sounds like some really smart kids. I love people with some foresight. Now to have it at a young age, that is truly special.

I predict your kids are headed for great things.

 

[dvcjim]

IMO if your desire is to leave a world class time share to your children, you should look outside of DVC.

Much better life time contracts in the MKT place.

My goal has never been to leave my child a time share, when I am gone.

 

[sweet48]

forgive me, but if everyone thinks that getting a ressie at 7 months is just as easy as 11 months, then wouldn't it be smarter to buy at lets say Hilton Head or Vero Beach at a much lower cost, then renting at BWV or BC saving even more $$$ ?

 

[dvcjim]

In the past 7 mth reservations haven't been that hard to get, unless you were looking at the Wine/christmas/easter dates. But most people tend to think that with the recent influx of new owners we will see the owners of the smaller resorts start taking more advantage of the 11 mth window at their home resorts. Once this starts to happen, the 7mth window will become more and more hectic.

It only take an owner of a resort getting shut out one time, when they call in at 6 mths for them to swear that will never happen again, and call next time at 11 mths.

IMO 2-3 years from now, we will see the many owners staying at their home resort, simply because that is all they are able to get into.

Unless you call 11-7 mths out, you will find IMO that the only resort with rooms, will be the larger resorts in locations not as much in demand.

Time shall tell.

 

[Dean]

Do you have any facts to back this up or is it pure specualtion based on the numbers game?

I think there are plenty of facts but they are not hard and reproducible at this time. No question those of us who know how to play the system will be successful most of the time. But BCV is tough now likely due in part to it's small size and in part to SAB access and then there's the dedicated 2 BR issue. Or for BWV it's SV or BW view for which you need the home resort priority much of the time, but not all.

 

[Dean]

forgive me, but if everyone thinks that getting a ressie at 7 months is just as easy as 11 months, then wouldn't it be smarter to buy at lets say Hilton Head or Vero Beach at a much lower cost, then renting at BWV or BC saving even more $$$ ?

That would be true IF is were just as easy at 7 months. The other flaw is that VB has dues so much higher that you would eat up your savings in 10 years or so if not before and have no chance of reserving anything on property until 7 months out.

 

[jekjones1558]

Resale value is a non-issue for me. I will use my DVC points until I am unable to travel. If they are almost worthless at that point, I don't care. I am using them now to treat DH and me, family and friends. DH and I expect to get our money's worth even if the points are worth zero at the end. We are NOT wealthy and we have a lot invested (1000 points), but I include DVC in my expense column, with things like movies and plays, not in my asset column. Of course I am already 59, so my perspective is entirely different from you youngsters!