Island Tower at Polynesian Villas & Bungalows

[frankgoss]

Saw this building in person today for the first time. Talk about an eyesore that's way out of place.

I am newbie to forum. After some calls and search Orange County Controller Phil Diamonds CPA I found the 8/2/24 transfer of 1.42 acres under Island Towers to our condo.

On last Friday a sales manager called back and would not confirm nor deny, but a nice Guide did follow up under a Condo Search with a second 8/2/24 filing with all 40 rooms called Phase 88 A-F which was posted here.

DISNEY is bound and we are all waiting for deals for existing Poly members.

Some members have gone so far as to used computer program to hypothetical point chart that appear to have some validity when the MOUSE post them in fall.

Two CPA's expressed accounting 101 on deposits as unearned income and when reading these legal documents DISNEY reserves the right to do anything but once dedicated into condo we can as a United group request amendments to condo agreements, but must be United!


These two legal documents were somewhat not discovered but the December, 2023 annual meeting information was somewhat misleading 40 room or 2000 vacation weeks vs 226 room estimated in " as built" ,legal document to came is well under FLORIDIAN VILLA in their initial 8000 vacation weeks then an additional amount 12000 vacation weeks.

So what is up. Revenue for " Hotel and Parks" over " DVC". Will there be a stamped like in the old West when there was a land rush? Will DVC sales have enough Guides and back office help to handle 700,000 points. We all will want to own one of the 9 floor two penthouses? This will happen in 4Q earning release at $200 ave per point big revenue.

The forum, where a sales manger said not to believe was right one ever the two CPA but Disney need quick revenue for third quarter earning release and those with big bucks can buy outright as corporate property so those other two penthouses will go for multi millions like some of the bungalow 52000 points@$200 is $10,400, 000. GOT ANY?

 

[frankgoss]

GO TO ORANGE COUNTY CONTROLLER WEBSITE AND ONLY CLICK THE DOCUMENT NUMBER 20240449559(land) and 20240449561(40 rms dedicated).You can down load free. GOOD LUCK TOOK ME 2 HRS AND 5 PHONE CALLS BUT THEY ARE HELPFULL.

 

[CastAStone]

Just curious, how outrageous are the Disney Direct financing interest rates now?

For reasons inexplicable, Palm Financial, an arm of Disney who finance nearly all financed direct contracts, has not changed their interest rates *at all* during the Fed’s interest rate run up.

 

[CastAStone]

GO TO ORANGE COUNTY CONTROLLER WEBSITE AND ONLY CLICK THE DOCUMENT NUMBER 20240449559(land) and 20240449561(40 rms dedicated).You can down load free. GOOD LUCK TOOK ME 2 HRS AND 5 PHONE CALLS BUT THEY ARE HELPFULL.

I think there’s screenshots of these up thread.

 

[Electron_si]

Have they ever been lower than they currently are now?

 

[CastAStone]

Have they ever been lower than they currently are now?

Is this in relation to incentives or interest rates?

 

[Electron_si]

Sorry, I thought I replied quick enough that it would be the next post.

Interest rates through Disney, have they ever been below 8.99%?

 

[ShaneDJ]

I am newbie to forum. After some calls and search Orange County Controller Phil Diamonds CPA I found the 8/2/24 transfer of 1.42 acres under Island Towers to our condo.

On last Friday a sales manager called back and would not confirm nor deny, but a nice Guide did follow up under a Condo Search with a second 8/2/24 filing with all 40 rooms called Phase 88 A-F which was posted here.

DISNEY is bound and we are all waiting for deals for existing Poly members.

Some members have gone so far as to used computer program to hypothetical point chart that appear to have some validity when the MOUSE post them in fall.

Two CPA's expressed accounting 101 on deposits as unearned income and when reading these legal documents DISNEY reserves the right to do anything but once dedicated into condo we can as a United group request amendments to condo agreements, but must be United!


These two legal documents were somewhat not discovered but the December, 2023 annual meeting information was somewhat misleading 40 room or 2000 vacation weeks vs 226 room estimated in " as built" ,legal document to came is well under FLORIDIAN VILLA in their initial 8000 vacation weeks then an additional amount 12000 vacation weeks.

So what is up. Revenue for " Hotel and Parks" over " DVC". Will there be a stamped like in the old West when there was a land rush? Will DVC sales have enough Guides and back office help to handle 700,000 points. We all will want to own one of the 9 floor two penthouses? This will happen in 4Q earning release at $200 ave per point big revenue.

The forum, where a sales manger said not to believe was right one ever the two CPA but Disney need quick revenue for third quarter earning release and those with big bucks can buy outright as corporate property so those other two penthouses will go for multi millions like some of the bungalow 52000 points@$200 is $10,400, 000. GOT ANY?

Can you explain that like I'm a 5-year-old?

 

[hockeydad21]

Can you explain that like I'm a 5-year-old?

I felt like I needed a tinfoil hat while reading that….and I’m still lost

 

[Cabius]

I felt like I needed a tinfoil hat while reading that….and I’m still lost

I think it's about evidence that the tower will be part of the PVB association, which at this point is a done deal as the weeks have been added in.

 

[MicheyMouse]

Not as crazy as you think.... for current members with 20% down the premium credit rate is 8.99% over 10 years.

What are the rates and credit score tiers for new purchasers?

 

[vdangelo239]

I believe for new buyers it is 9.99%....I could be wrong but that's what i think it is.

 

[AnnaKristoff2013]

What are the rates and credit score tiers for new purchasers?

I don’t think they’re pulling credit scores for these loans, at least for existing members, but I could be wrong. I certainly wouldn’t finance a DVC purchase at 9 percent (unless planning to immediately pay it off), but relative to every other kind of loan it certainly isn’t as terrible as it would have been 5 years ago.

 

[TinkAgainU]

So, on pricing, I got tired to scrolling on the OC Controller's site, but did find very few Grand Floridians that had actually sold at the touted $230 per point direct - and then found a few which were dated (not just recorded) after the prices supposedly went up to $230 which sold at $217 and $220 - I know that is not Poly pricing, but now I'm wondering if only a few Poly sold at the high Direct prices they were stating? I mention this because I always laugh that Amazon Sellers bump their prices up just before offering big Prime Day discounts - and if one person bought, they get to say we were selling at XXX. I could certainly see Disney playing the same game.

 

[tjkraz]

I felt like I needed a tinfoil hat while reading that….and I’m still lost

Who said this forum didn’t need AI generated content?

 

[disneyfan123]

MB is such clever marketing, whoever at DVC thought of it deserved a big promotion. “I bought at $160!” No you didn’t, you bought at $180 and rented out your first year of points, something that is also easy to do yourself if you buy resale.

It's also only available for US members, so it's meaningless for international owners (like myself).

 

[CastAStone]

Who said this forum didn’t need AI generated content?

That’s where my head went too

 

[CastAStone]

So, on pricing, I got tired to scrolling on the OC Controller's site, but did find very few Grand Floridians that had actually sold at the touted $230 per point direct - and then found a few which were dated (not just recorded) after the prices supposedly went up to $230 which sold at $217 and $220 - I know that is not Poly pricing, but now I'm wondering if only a few Poly sold at the high Direct prices they were stating? I mention this because I always laugh that Amazon Sellers bump their prices up just before offering big Prime Day discounts - and if one person bought, they get to say we were selling at XXX. I could certainly see Disney playing the same game.

While Poly was sold out the last few years, it generally sold just a couple thousand points each month.

Disney priced it where the number of points they’d sell each month was roughly equal to the number of points they were getting from foreclosures and the like. It’s less the principal of fake pricing to induce a sale mentality and more the principal where if Taylor Swift was playing a local club tickets would cost tens of thousands of dollars but when she plays a football stadium they cost merely thousands of dollars.

 

[mkatsy]

I felt like I needed a tinfoil hat while reading that….and I’m still lost

Tinfoil hat AND some adderall

 

[Salokin]

It's also only available for US members, so it's meaningless for international owners (like myself).

Isn’t it available to international members if in the states at the point of purchase?