Looks like I’m about to LOSE the value of my 200 points!

[Sandisw]

Even our own president was saying a week ago he expected everything to begin opening by Easter. So a week ago it was reasonable to think that things were heading in the right direction and Disney would not still be closed in to May. Now it appears to be a very real possibility. Only time will tell. If Disney has announced by March 31 that they would not be opening until June 1 then I’m sure all August use year would have banked.

You are right, having hope that things would get back to normal was a good thing,

The point is, through, that once an owner knew the policy that late banking would not be allowed...which is the current rule and announced around March 18th....they had to decide to either take the risk and keep the reservation hoping things would be indeed open, or cancel and protect the points,

No one is saying it wasn’t a tough choice...it was, because Aug UY people had a few days to decide.

But it doesn’t change the fact that it was up to the owner to make the choice, once the cards were on the table to what would happen with points booked beyond their deadline IF Disney remained closed.

 

[Sandisw]

I’ve deleted a few posts that I felt were questionable in regards to board rules regarding political posts,

Lets keep to the topic of the thread.

 

[rkstocke5609]

I have a 1BR booked for Christmas. I believe that I could lose those points if things aren’t cleared up. As I stated in a similar thread, the only way I could see them doing anything , and it’s just a feel good more than anything, is to tack on points lost in this event to be used in the year following the contract expiration year. There is no way to extend banking and expiration of points now, the system would be overloaded with points. So, they gift you those points at the end of your contract but they aren’t transferable if you sell your contract. So, let’s say 40% of people lost points, then let’s say only 20% of those folks actually own the contract to the end. The actual cost to Disney would be negligible. But it’s a feel good.

 

[LAX]

I am not trying to "rub it in" to those that are faced with losing thousands dollars worth of points, but I cancelled my June reservation last month because of the fear I had about the possibility of DVC suspending banking current UY points (hasn't happened yet). That was a reservation with some borrowed points that I am currently stuck with (ie: expire during current UY). I made a choice to cancel then because I didn't want to gamble not being able to bank current UY points. I realize everyone's risk tolerance is different, but you wanted to hold on to a reservation, that to some extent is a decision that you made and need to at least take some responsibilities for.

LAX

 

[karen4546]

look people can say to people like me who have August or later UYs..."You were on noitice", "why didn't you just bank before the deadline", etc.

I like to think of myself as optimistic and I personally don't own a crystal ball to see the time line on this pandemic. I like so many others am holding out hope that this is manageable within the next six weeks and that WDW can start the re-opening process. I think they should do a soft opening to onsite guests only at least for a few months. (preferably starting May22) and then move to good neighbor hotels and offsite and day visitors/locals. I mean if they want to open for everyone then that is great also. But I am holding on to hope, hope that life can resume to some normality very soon.

The should've could've posts are not helpful or hopeful. Some people probably don't even have DVC ownership and are posting. We only bought 100 points direct AKV in May 2019 but that was with our vacation fund and then when I booked this trip for Copper Creek we needed more points and so we bought 25 more direct in October 2019. So our stake is paltry compared to some owners, but we ARE owners and no I did not read my contract thoroughly nor did I ever think there would be a world pandemic such as this. I am going to wait until my reservation gets canceled or until Disney announces that they will be closed during my scheduled trip before I do anything with my 2019 points. As of now, I will not be able to bank the 75 points from 2019 and so I will try to book a trip before July 31 to use them. But who is to say that WDW will even be open by then?? I don't know and neither does anyone here on this board.

Stay safe, stay indoors, and let's all do our part to get back to life.

 

[CanadaDisney05]

The should've could've posts are not helpful or hopeful.

I mean, if your going to post publically on a discussion forum about how the big evil corporation is stealing all your money, be prepared for others to disagree. Especially in a scenario where the big evil corporation is actually not profiting off of the situation.

However I do believe this discussion is actually really important. It may not be fun, but this situation is actually showing how much of a misunderstanding the membership has in general about the product they purchased. It may be a harsh lesson for some, but it's a good learning opportunity for those who made some mistakes, some who didn't understand the risks, and prospective buyers who may read this.

 

[nagshead]

look people can say to people like me who have August or later UYs..."You were on noitice", "why didn't you just bank before the deadline", etc.

I like to think of myself as optimistic and I personally don't own a crystal ball to see the time line on this pandemic. I like so many others am holding out hope that this is manageable within the next six weeks and that WDW can start the re-opening process. I think they should do a soft opening to onsite guests only at least for a few months. (preferably starting May22) and then move to good neighbor hotels and offsite and day visitors/locals. I mean if they want to open for everyone then that is great also. But I am holding on to hope, hope that life can resume to some normality very soon.

The should've could've posts are not helpful or hopeful. Some people probably don't even have DVC ownership and are posting. We only bought 100 points direct AKV in May 2019 but that was with our vacation fund and then when I booked this trip for Copper Creek we needed more points and so we bought 25 more direct in October 2019. So our stake is paltry compared to some owners, but we ARE owners and no I did not read my contract thoroughly nor did I ever think there would be a world pandemic such as this. I am going to wait until my reservation gets canceled or until Disney announces that they will be closed during my scheduled trip before I do anything with my 2019 points. As of now, I will not be able to bank the 75 points from 2019 and so I will try to book a trip before July 31 to use them. But who is to say that WDW will even be open by then?? I don't know and neither does anyone here on this board.

Stay safe, stay indoors, and let's all do our part to get back to life.

these were our thoughts too. We didn’t cancel our May 22 trip to poly bc even a week ago the president expected things to be opening up by Easter. A week ago my kids were set to start school back tomorrow. Now this week things seem worse and dates are pushing. I don’t feel like we were on notice from anyone bc even as if today disbey hasn’t stated when they are opening so we felt like late May would be ok. Now we are scared that it’s not. So I’m in the same boat as you and can relate.

 

[davper]

Welcome to the club. I am losing 300.

 

[Sandisw]

I mean, if your going to post publically on a discussion forum about how the big evil corporation is stealing all your money, be prepared for others to disagree. Especially in a scenario where the big evil corporation is actually not profiting off of the situation.

However I do believe this discussion is actually really important. It may not be fun, but this situation is actually showing how much of a misunderstanding the membership has I'm general about the product they purchased. It may be a harsh lesson for some, but it's a good learning opportunity for those who made some mistakes, some who didn't understand the risks, and prospective buyers who may read this.

Couldn’t have said it better...I know you actually did!

 

[Sandisw]

these were our thoughts too. We didn’t cancel our May 22 trip to poly bc even a week ago the president expected things to be opening up by Easter. A week ago my kids were set to start school back tomorrow. Now this week things seem worse and dates are pushing. I don’t feel like we were on notice from anyone bc even as if today disbey hasn’t stated when they are opening so we felt like late May would be ok. Now we are scared that it’s not. So I’m in the same boat as you and can relate.

Just to clarify. The “on notice” some of us are referring to is knowing what DVCs response would be if you cancel after a banking deadline.

They have made it known banking rules are not being changed.

 

[CanadaDisney05]

even a week ago the president expected things to be opening up by Easter. A week ago my kids were set to start school back tomorrow.

I've seen this posted a few times and bear with me because I don't want this to get political. The deadline for banking for Aug use year was March 31. Today is the 5th of April. I agree, this situation has been evolving rapidly, but it's a hard cry for me to believe that someone 5 days ago was so misinformed about the situation that they didn't think that there was even remote possibility that something like Disney World could potentially still be closed by July 31.

We still don't know if it will be closed by then. All we know is that nobody actually knows, so by not banking your points by your deadline you are opting to take on that risk. That is a choice. This is a bit different than someone with an April use year. It's much more believable that on Dec 1 (their banking deadline), the thought that Disney World would be closed in March was absurd

 

[Sandisw]

I've seen this posted a few times and bear with me because I don't want this to get political. The deadline for banking for Aug use year was March 31. Today is the 5th of April. I agree, this situation has been evolving rapidly, but it's a hard cry for me to believe that someone 5 days ago was so misinformed about the situation that they didn't think that there was even remote possibility that something like Disney World could potentially still be closed by July 31.

We still don't know if it will be closed by then. All we know is that nobody actually knows, so by not banking your points by your deadline you are opting to take on that risk. That is a choice. This is a bit different than someone with an April use year. It's much more believable that on Dec 1 (their banking deadline), the thought that Disney World would be closed in March was absurd

One thing that I wonder about is how many people with Aug UY did not cancel and left 2019 UY points in reservations,

The more 2019 points there are beyond banking deadline, I worry it lessons the chance that DVCM will be able to come up with a sufficient plan. By May 1st, you are talking 4 of the 8 UYs in play.

 

[CanadaDisney05]

One thing that I wonder about is how many people with Aug UY did not cancel and left 2019 UY points in reservations,

The more 2019 points there are beyond banking deadline, I worry it lessons the chance that DVCM will be able to come up with a sufficient plan. By May 1st, you are talking 4 of the 8 UYs in play.

It is only the people with cancelled vacations in that time frame that have those use years though.

 

[LAX]

One thing that I wonder about is how many people with Aug UY did not cancel and left 2019 UY points in reservations,

The more 2019 points there are beyond banking deadline, I worry it lessons the chance that DVCM will be able to come up with a sufficient plan. By May 1st, you are talking 4 of the 8 UYs in play.

Sorry for going OT, but that's why on another thread, I suggested that DVD/DVC should be encouraging owners to take advantage of alternate use such as RCI. The more points that are tied to this cancellation, the more difficult it would be for DVD/DVC to come up with a suitable solution.

LAX

 

[nagshead]

I've seen this posted a few times and bear with me because I don't want this to get political. The deadline for banking for Aug use year was March 31. Today is the 5th of April. I agree, this situation has been evolving rapidly, but it's a hard cry for me to believe that someone 5 days ago was so misinformed about the situation that they didn't think that there was even remote possibility that something like Disney World could potentially still be closed by July 31.

We still don't know if it will be closed by then. All we know is that nobody actually knows, so by not banking your points by your deadline you are opting to take on that risk. That is a choice. This is a bit different than someone with an April use year. It's much more believable that on Dec 1 (their banking deadline), the thought that Disney World would be closed in March was absurd

I understand and appreciate your point. It’s valid.

 

[Sandisw]

It is only the people with cancelled vacations in that time frame that have those use years though.

I meant those with reservations at risk. If by May 1st, a lot of Aug and Sept UY owners who had April/May reservations...assume June 1st open...didn’t cancel and bank, that means DVCM has to now consider 4 UYs vs just April and June, which were beyond banking when this started.

Any decision to allow late banking could be negatively impacted by those that didn’t bank when they could.

I am just not sure I see DVCM coming out with a policy that waives it for April and June only,,,it’d be easier and less of a hassle to try and explain to just stay firm and not allow any late banking.

 

[Darklord77]

It may be a harsh lesson for some, but it's a good learning opportunity for those who made some mistakes, some who didn't understand the risks, and prospective buyers who may read this.

People don't buy timeshares to learn life lessons. No one who had a reservation cancelled or is under threat to lose their upcoming reservation made any kind of mistake. No one understood the risk that a respiratory illness from China 5 months ago would eventually grind life in the U.S. to a halt. So what's the "harsh lesson"? Don't buy a timeshare in the future due to the risk of a future global catastrophe?

 

[karen4546]

I mean, if your going to post publically on a discussion forum about how the big evil corporation is stealing all your money, be prepared for others to disagree. Especially in a scenario where the big evil corporation is actually not profiting off of the situation.

However I do believe this discussion is actually really important. It may not be fun, but this situation is actually showing how much of a misunderstanding the membership has in general about the product they purchased. It may be a harsh lesson for some, but it's a good learning opportunity for those who made some mistakes, some who didn't understand the risks, and prospective buyers who may read this.

Someone else must have said "big evil corporation" . I don't think anyone on here has "all their money" tied up in DVC. I most certainly know that the Disney Corp. is losing a ton of money. DVCM already made their money off of my purchase and the dues that I will pay every year until 2057.

There is NO MISUNDERSTANDING about my purchase of DVC. I get to stay at beautiful Deluxe resorts that are essentially pre-paid. I understand that I could have banked by March 31. If they change the banking rule then great if not then hopefully i can use the points by 7.31 I have two more trips booked: September and December- I will just not have to borrow points for those and i can use my current UY.

 

[Sandisw]

People don't buy timeshares to learn life lessons. No one who had a reservation cancelled or is under threat to lose their upcoming reservation made any kind of mistake. No one understood the risk that a respiratory illness from China 5 months ago would eventually grind life in the U.S. to a halt. So what's the "harsh lesson"? Don't buy a timeshare in the future due to the risk of a future global catastrophe?

The harsh lesson that owning DVC is not the same as staying a cash guest and not being able to get the same level of support.

The harsh lesson that traveling late in your UY can be even more risky than you think because things can happen outside of your control that one never heard of or expected,

The harsh lesson that TWDC is not responsible to support DVC in any way and we as owners have no right to demand they do, no matter how we feel,

The harsh lesson that we have to trust that DVCM is making decisions based on whats best for the system, even when it’s a hard pill to swallow personally, especially when we have no real say in the ultimate decsion,

 

[KAT4DISNEY]

Sorry for going OT, but that's why on another thread, I suggested that DVD/DVC should be encouraging owners to take advantage of alternate use such as RCI. The more points that are tied to this cancellation, the more difficult it would be for DVD/DVC to come up with a suitable solution.

LAX

I wonder about RCI being the "savior". I don't know how they work out exchanges there but it is an "exchange" program, correct? Maybe, just maybe, Disney should take the responsibility themselves and offer up a special exchange option into their own hotels and not pass the buck for not taking care of their customers themselves. There's zero doubt IMO that their hotels will have vacancies for awhile following this.