Just added on 300 pts at OKW direct with Disney at $135 per point thru 2057. Added magical beginnings and that reduced the price to $115 per point.

[CastAStone]

Right. We've talked about this a lot. But when will the dues start to shift for 2042 owners? Useful life of some components has got to be getting close soon to exceeding time remaining.

Here is DVC’s official assessment of that for OKW. Absolutely some things past 2042.

 

[NY Pirate Princess]

I have trouble with this chart. Take roof repair/replacement. Estimated remaining years of useful life are 1-21. Disney obviously has broken this information down internally, but this means nothing to me. Am I paying a portion of dues toward roof in 2043 or not? Appears that way to me! I wonder what the BWV useful life chart looks like.

I understand most of my dues goes to payroll which is awesome. But this though just keeps rolling around in my mind.

 

[CastAStone]

I have trouble with this chart. Take roof repair/replacement. Estimated remaining years of useful life are 1-21. Disney obviously has broken this information down internally, but this means nothing to me. Am I paying a portion of dues toward roof in 2043 or not? Appears that way to me! I wonder what the BWV useful life chart looks like.

I understand most of my dues goes to payroll which is awesome. But this though just keeps rolling around in my mind.

I interpret it to mean Disney isn’t sure what the useful life will be, but at most it’s 21 years.

My mental rule when I read these things - and this is just me - is I take the furthest out date and subtract 5 to get my personal estimate of it’s life expectancy.

 

[DonkeyHoTay]

The chart does not actually reveal anything - it’s a standard disclosure required by law and only vaguely connected to reality. I’ve put together hundreds of them and it is not really intended to relay the condition of any assets. The most noteworthy part is the disclosure on the reserve balance, which dues are partially funding each year. That reserve is the line between replacements that do or do not require a special assessment from owners.

 

[NY Pirate Princess]

Does the capital reserve amount please you? I am not savvy enough to know, but if refurb costs 114M is 28M enough in reserve?

 

[DonkeyHoTay]

Does the capital reserve amount please you? I am not savvy enough to know, but if refurb costs 114M is 28M enough in reserve?

Edit - I am and will be 100% pleased with the OKW reserve until the day I get a letter (I have a lot of OKW points) informing me of a special assessment because there is not enough money in the reserve.

It’s unknown if the reserve is enough - how well does Disney property management do their job? All we can assume/hope for is that DVD commissioned a proper reserve study that revealed the recommended amounts to be set aside each year from dues to fund the reserves that meet future replacement needs. And that is a total wild a$$ guess.

The reason I discount the chart is because that disclosure is not audited, and that’s because estimates are not auditable assertions. But the reserve balance is real cash set aside for capital purpose and that means something.

 

[Mikey15]

The chart does not actually reveal anything - it’s a standard disclosure required by law and only vaguely connected to reality. I’ve put together hundreds of them and it is not really intended to relay the condition of any assets. The most noteworthy part is the disclosure on the reserve balance, which dues are partially funding each year. That reserve is the line between replacements that do or do not require a special assessment from owners.

Yeah, my non-Disney timeshare is laid out similarly to OKW (multiple 2-floor walkup buildings spread out around common features) and this looks very familiar. I’m an accountant and I find the required disclosure doesn’t really say a whole lot.

1-21 years on roofs tells me they replaced/repaired some last year, and will replace/repair some next year, but also possibly years in between. You can’t tell if the current reserve is/will be sufficient or not without some sort of time-weighting of the anticipated cost.

 

[DonkeyHoTay]

Also, I am and will be 100% pleased with the OKW reserve until the day I get a letter (I have a lot of OKW points) informing me of a special assessment because there is not enough money in the reserve.

 

[DonkeyHoTay]

I’m an accountant and I find the required disclosure doesn’t really say a whole lot.

Yep, I’m a CPA and a licensed association manager - those disclosures are not exactly transparent.

 

[CastAStone]

Does the capital reserve amount please you? I am not savvy enough to know, but if refurb costs 114M is 28M enough in reserve?

I would say they they’re going to use substantively all of it for the soft goods refurb in a couple years. They can delay it if something happens that takes precedence in the mean time.

 

[CastAStone]

Also, I am and will be 100% pleased with the OKW reserve until the day I get a letter (I have a lot of OKW points) informing me of a special assessment because there is not enough money in the reserve.

The only Special Assessment DVC has ever issued was the OKW extension. They’ve done some huge dues increases at HHI and VB, but never to the point where it was “special”.

 

[CarolynFH]

The only Special Assessment DVC has ever issued was the OKW extension. They’ve done some huge dues increases at HHI and VB, but never to the point where it was “special”.

Well, technically HHI owners paid a special assessment for several years to reimburse Disney for the insurance deductible that repaired damage from Hurricane Matthew.

https://dvcnews.com/other-resorts/h...ead-owners-hit-with-bill-for-hurricane-damage

 

[DonkeyHoTay]

Well, technically HHI owners paid a special assessment for several years to reimburse Disney for the insurance deductible that repaired damage from Hurricane Matthew.

https://dvcnews.com/other-resorts/h...ead-owners-hit-with-bill-for-hurricane-damage

On the other hand, I think that article says the dues charge for this one item was $0.1133 per point each year for 4 years. As assessments go, that's not a big number for the average contract size. That's the nice part about spreading costs over 1.3 million point owners.

 

[CarolynFH]

On the other hand, I think that article says the dues charge for this one item was $0.1133 per point each year for 4 years. As assessments go, that's not a big number for the average contract size. That's the nice part about spreading costs over 1.3 million point owners.

Yes, that worked out very nicely for the DHHIR owners. Very few timeshare developers (if the timeshare was still in active sales) or HOAs (if the timeshare was sold out) would have/could have done something similar.

 

[VGCgroupie]

The OKW deal is gone now right? I haven't been paying much attention because I would never buy OKW.. alas here I am asking about it.

 

[Sandisw]

The OKW deal is gone now right? I haven't been paying much attention because I would never buy OKW.. alas here I am asking about it.

They said they were out of points now. So, in that sense, yes.

 

[HyperspaceMountainPilot]

They said they were out of points now. So, in that sense, yes.

Someone just reported losing a 200+ pt loaded contract to the ROFR monster…so limited availability may be coming to a DVC kiosk near you.

 

[CastAStone]

The OKW deal is gone now right? I haven't been paying much attention because I would never buy OKW.. alas here I am asking about it.

I think they still are legally required to honor it if they have inventory until it expires.

 

[Tatebeck]

I don't know if the terms of the OKW deal are even still on the website, but if it was anything like the Welcome Home offers, etc. then I'm sure it had something like this little snippet in there as well. From the Welcome Home terms:

"Offer cannot be combined with other select offers or discounts and may be extended, modified or withdrawn at any time without notice"

 

[VGCgroupie]

I think they still are legally required to honor it if they have inventory until it expires.

Got myself a new guide and found out they are sold out. I thought I remembered seeing something about them lowering the discount but since I wasnt closely following Im not sure exactly what it was.