Mousesavers "BASH" DVC!!

[DizWacko]

I think alot of people are missing Mousesavers point. The real argument here is whether it is more wise to "rent" instead of "purchase" DVC. The rental market here is probably averaging $10 per point, Im not so sure that you will see this increase heavily in the future. There doesnt seem to be any shortage of DVC points for rent (notwithstanding holidays, etc). What will drive the price up of rental points when already the rental price is already half of the rack rate of resorts??

Alot of people would rather forgoe the commitment of owning DVC when they can get most of the benefits from simply renting "on demand".

 

[tjkraz]

I think alot of people are missing Mousesavers point. The real argument here is whether it is more wise to "rent" instead of "purchase" DVC.

I don't necessarily agree that advocating rentals is the point of the article. The concept of renting comprises exactly one sentence in the five paragraph article. The rest of the article is more of an endictment of the entire DVC concept--implying that folks would be better off in the long run by putting their money in the bank and paying cash for their trips. Maybe yes, maybe no.

My main concern with the article is the footnote that illustrates the impact of compounding annual increses in member dues. The $17.26 figure is (IMO) clearly used as a scare tactic.

If the intent was to offer a balanced argument, it would also mention that Rack Rates at Moderate and Deluxe resorts will look something like this in another 48 years (assuming 3.5% annual increases)

Moderate (SV, Value Season): $675 / $752 (with tax)
Deluxe (Boardwalk Inn, SV, Value): $1480 / $1651 (with tax)

Compared to those figures, paying $155 per night for a Standard View BWV Studio ($17.26 x 9 pts) doesn't seem so bad, does it?

As outrageous as paying $1600 for a hotel room may seem today, Disney isn't simply going to freeze prices. They've established a pattern of increasing rates by 3-4% per year, and there is every reason to believe that it will continue for the next 50 years.

I like Mary's site and visit it often, but the data listed only gives half of the story. DVC is not right for everyone--it's not right for MOST WDW guests. But I've seen much better analyses at other websites.

 

[gmboy95]

Ya know....for a guy like me who works 9-5, has a couple of kids, lives check to check, drinks beers while watching pats and sox games..things like "compounded interest" mean nothing to me....most of us send it out as quickly as it comes in...I purchased my DVC with some tax return money, and financed it...It stunk paying for it for five years, and it seemed burdensome....now that I am done paying the loan off, in my very simple mind"....FREE DISNEY TRIPS FOR LIFE!!!!!!!!!!!!!!!!!

I mean a guy like me does not want to hear how much the house cost....I just want to know what the monthly mortgage payment is....if I can afford it, so be it.....I mean many of us are a leaky roof away from the poor house anyway....so enough about interest and cost analysis, just bring on the free room and lets all go around the world!!!

 

[Dean]

Ya know....for a guy like me who works 9-5, has a couple of kids, lives check to check, drinks beers while watching pats and sox games..things like "compounded interest" mean nothing to me....most of us send it out as quickly as it comes in...I purchased my DVC with some tax return money, and financed it...It stunk paying for it for five years, and it seemed burdensome....now that I am done paying the loan off, in my very simple mind"....FREE DISNEY TRIPS FOR LIFE!!!!!!!!!!!!!!!!!

I mean a guy like me does not want to hear how much the house cost....I just want to know what the monthly mortgage payment is....if I can afford it, so be it.....I mean many of us are a leaky roof away from the poor house anyway....so enough about interest and cost analysis, just bring on the free room and lets all go around the world!!!

You know that's true for a lot of people with many purchases such as a car, house or timeshare. And it's a shame that people don't look at the real costs and plan accordingly.

 

[Mojomanny]

Gmboy, with all due respect, there is an error in signature line.

Robert Kraft is the owner of the 3 time World Champion Patriots

Have a great day from another Pat's Fan. Made it to every game last season, including pre-season!

 

[Laurajean1014]

I am more than happy with my DVC purchase and not mousesavers or anyone else can spoil the next 40+ years I have with DVC.

 

[Eeyore'sthebest]

I haven't even closed yet (anxiously waiting for next month) but we have already worked out trips into 2007.
I know I wouldn't be able to do it paying the rack rates and I can't wait by the phone for when the discounts come out and make that call at 7 a.m.
The best part is that we have enough points for 2 bedroom and are taking my parents for a fully paid for trip (12/2006). I wouldn't be able to pay for their park tickets if I was paying for the hotel rooms. We are also taking my DSD and my DSGD (2) for the 10/2007 trip. I know I couldn't afford to do this without DVC. So let mousesavers say what they want. I bought DVC and can't wait to go home.

 

[Daitcher]

I haven't even closed yet (anxiously waiting for next month) but we have already worked out trips into 2007.
I know I wouldn't be able to do it paying the rack rates and I can't wait by the phone for when the discounts come out and make that call at 7 a.m.
The best part is that we have enough points for 2 bedroom and are taking my parents for a fully paid for trip (12/2006). I wouldn't be able to pay for their park tickets if I was paying for the hotel rooms. We are also taking my DSD and my DSGD (2) for the 10/2007 trip. I know I couldn't afford to do this without DVC. So let mousesavers say what they want. I bought DVC and can't wait to go home.

This is really what is wrong with this country. "I wouldn't be able to do it paying rack rates". Well the minimum $15,000 buy in for around 150 points won't set you back? What about your annual dues for the next 50 years? Prepared to pay them at retirement age? People, please! If you can't afford to pay cash for the buy in amount or can't afford Disney trips without buying into DVC then you are living paycheck to paycheck and have no business even considering it. This type of thinking is why there are so many bankruptcies in this country. I'd be willing to bet you'll see your contract on the resale market sooner than later. This thinking of " as long as I can make the monthly payments" is a ticket to the poor house. Lets hope social security holds up for youre sake.

p.s. You are certainly not alone. This type of thinking is common. Please reconsider. Pay yourself the monthly premiums to buy in. Pay yourself the annual dues and invest that money.

DAVE

 

[Eeyore'sthebest]

This is really what is wrong with this country. "I wouldn't be able to do it paying rack rates". Well the minimum $15,000 buy in for around 150 points won't set you back? What about your annual dues for the next 50 years? Prepared to pay them at retirement age? People, please! If you can't afford to pay cash for the buy in amount or can't afford Disney trips without buying into DVC then you are living paycheck to paycheck and have no business even considering it. This type of thinking is why there are so many bankruptcies in this country. I'd be willing to bet you'll see your contract on the resale market sooner than later. This thinking of " as long as I can make the monthly payments" is a ticket to the poor house. Lets hope social security holds up for youre sake.

p.s. You are certainly not alone. This type of thinking is common. Please reconsider. Pay yourself the monthly premiums to buy in. Pay yourself the annual dues and invest that money.

DAVE

Hey, Thanks for that positive thinking! The old expression "Don't judge a book by its cover" can be applied here. Never judge a person by their post. I never said I financed my purchase, did I? You just assumed. You also have assumed that I have no retirement savings. You also assumed I will end up in the poor house. Just to set the record straight. My money, every paycheck, goes into multiple accounts: 401K, stock account, mutual fund account, college savings plan, money money account and a savings account for my DD. The bills are paid with the remaining and we then live "paycheck to paycheck" as I refuse to take money out of the other accounts unless it is an emergency. I make a 6 figure salary that is accompanied by a 5 figure annual bonus. My DH is a stay at home dad. My DD will be attending private school in the fall, tuition is already paid in full for next year in case you were worried.

As you can tell from this post, I am a saver and am sickened by the rack rates that keep increasing. However, as I lost colleagues in the collapse of the WTC I know how important it is to develop memories with your children. I have therefore bought into DVC so that I do not have to shell out over $2000 for a hotel that I consider inferior. Did I mention that I usually stay at the Four Seasons on other vacations. I do not tell you any of this information to rub it in. I have been blessed with many wonderful opportunities and am truly aware of that. However, when I am slammed by someone that wants to assume the worst of me without any knowledge I feel I must reply.

And as for someone that is living paycheck to paycheck, consider yourself lucky that you are not. If they want to purchase DVC that is their business, not mine or yours.

 

[DizWacko]

Hey, Thanks for that positive thinking! The old expression "Don't judge a book by its cover" can be applied here. Never judge a person by their post. I never said I financed my purchase, did I? You just assumed. You also have assumed that I have no retirement savings. You also assumed I will end up in the poor house. Just to set the record straight. My money, every paycheck, goes into multiple accounts: 401K, stock account, mutual fund account, college savings plan, money money account and a savings account for my DD. The bills are paid with the remaining and we then live "paycheck to paycheck" as I refuse to take money out of the other accounts unless it is an emergency. I make a 6 figure salary that is accompanied by a 5 figure annual bonus. My DH is a stay at home dad. My DD will be attending private school in the fall, tuition is already paid in full for next year in case you were worried.

As you can tell from this post, I am a saver and am sickened by the rack rates that keep increasing. However, as I lost colleagues in the collapse of the WTC I know how important it is to develop memories with your children. I have therefore bought into DVC so that I do not have to shell out over $2000 for a hotel that I consider inferior. Did I mention that I usually stay at the Four Seasons on other vacations. I do not tell you any of this information to rub it in. I have been blessed with many wonderful opportunities and am truly aware of that. However, when I am slammed by someone that wants to assume the worst of me without any knowledge I feel I must reply.

And as for someone that is living paycheck to paycheck, consider yourself lucky that you are not. If they want to purchase DVC that is their business, not mine or yours.

Could we be anymore dramatic? Yikes !!

 

[Eeyore'sthebest]

Could we be anymore dramatic? Yikes !!

I have a co-worker that would love to chat with you.

I apologize for the tone if I offended anyone.

 

[DizWacko]

I have a co-worker that would love to chat with you.

I apologize for the tone if I offended anyone.

I am well aware of WTC impact on the area as I live in NJ and 80 people were lost in the town adjacent to mine and 2 close friends come close to losing their lives ... but CMon get a grip, this is a Disney Vacation Club board and you are talking about 9/11 and wanting to ensure future memories with your children because you might not be here tommorow and/or your willing to spend tons of money on 4-seasons hotels but "shirk" at paying rack rates for Disneyworld even though you make 6 figures and financially well off ... pure dribble.

 

[MiaSRN62]

What about your annual dues for the next 50 years? Prepared to pay them at retirement age? People, please! If you can't afford to pay cash for the buy in amount or can't afford Disney trips without buying into DVC then you are living paycheck to paycheck and have no business even considering it. This type of thinking is why there are so many bankruptcies in this country. I'd be willing to bet you'll see your contract on the resale market sooner than later. This thinking of " as long as I can make the monthly payments" is a ticket to the poor house. Lets hope social security holds up for youre sake.

Daitcher,

I don't know how you can make such a blanketed, generalized statement such as this. You don't know any of us and what our financial situations are ? Can't afford disney trips without buying into DVC ? We bought into DVC because #1) we knew we could afford it. We purchased what was comfortable for us, not necessarily the amount we actually wanted. We also put 50% down payment so our monthly payments would be less. We only have 1 major credit card and only 1 car loan payment. We're not overextended by any means #2)we travel with generally 5 or 6 people. Stuffing into 2 hotel rooms for a week or even more was just a pain. We weren't always getting connecting rooms either which didn't work well at all with kids. Dh and I would have to split up and sleep in different rooms some vacations. We really wanted/needed 2 bedroom vill accomodations. So I don't feel timeshares don't work at all ? We're able to stay in a 2 bedroom villa for 7 nights (at our offsite timeshare) every year for $550 in dues. Two rooms at the All Stars would cost us much more than that for the same amount of time. And with our villa we get washer/dryer, full kitchen, jacuzzi, full balcony. #3)we have mutual funds and 401K's for retirement.
I agree with Eeyoresthebest.........
I respect your opinion Daitcher, but I don't agree because there's just no way to know everyone's financial portfolio and starting judging based on facts you don't know ?

 

[keishashadow]

There are many of us "non-traditional" DVC'ers who bought in with minimum resale contracts. Currently, only requiring a Studio and visiting anywhere between 5 - 8 days a year, we don't want or need the full complement of points thru DVC direct.

The thought of incurring another debt via DVC kept us from joining years ago. Thankfully, I discovered resale and it was a perfect fit. We wanted to pay cash, not that we 'had to' - our total cost for ownership was in the range of $5,500, with current dues less than $225/year. Comparable to the cost of an additional WDW trip for us. Compare that to the $700+ for 5 nights I paid for the pleasure of staying with the cheerleading & twirling groups @ the AS in February. I'd rather sleep in my car than deal with the hoards of loosely supervised children again. In my case, I look at the timeshare as not only preserving what's left of my sanity, but saving us close to $500 a trip (less the initial purchase price) sure seems like a bargin to me.

As I sit and watch many of our investments languish, I don't regret spending the money and look forward to a future add on (Contemporary ) If we find that we need more points for future trips, we'll just borrow, rent or do the add-on.

 

[lllovell]

I am well aware of WTC impact on the area as I live in NJ and 80 people were lost in the town adjacent to mine and 2 close friends come close to losing their lives ... but CMon get a grip, this is a Disney Vacation Club board and you are talking about 9/11 and wanting to ensure future memories with your children because you might not be here tommorow and/or your willing to spend tons of money on 4-seasons hotels but "shirk" at paying rack rates for Disneyworld even though you make 6 figures and financially well off ... pure dribble.

It might be dribble to you, but life is full of choices for ALL of us that are different. If this effected this person so greatly that it changed their outlook on life, more power to him. 9/11 didn't change me in such a direct manner, but losing my mother at 53 to breast cancer last year did. You dont have to agree with people's reasoning and can certainly say "I don't agree" but I don't see a need for comments like this.

It IS a DVC board. It IS a conversation that is going to get heated at times, especially because this board is open to those who are members AND those that think we are crazy for being members. Judging people you don't even know for financial decisions (where you see maybe 2% of their financial picture in a written paragraph) is not really called for.

I see a little of myself in all these posts. I am married to the guy who doesn't really want to know how much our mortgage is going to cost, but is all for paying it down quickly with the 2 week payment plan and sending extra money each month. I crunched the numbers to DEATH before buying into DVC and decided it wasn't a great financial decision for us (we stayed in values or sometimes moderates) but that is was an OK decision because it gave us so much more for our money. i.e. - I might pay a little more, but I get so much more of a vacation at the DVC resorts than I got in the past. I also bought in for emotional reasons. I am VERY happy at WDW and have loved every second of taking my children and look forward to taking them for YEARS to come, and day to day happiness DOES mean more to me now that I have lost someone I can never get back again - ever! I also financed, with the general understanding that I was buying into a "current" use contract and every day I didn't buy in, was a day that I technically lost in ownership. I have great plans to pay off my 10 year mortgage in 2.5 years or less and I am confident it will happen, but I am NOT cheating myself out of better vacations (vacations we would have taken anyway, but at lesser hotels) NOW when I am going to go to WDW 2-3 times a year anyway.

We all fall into different catagories here. Some are analytical. Some are emotional. Some are just fun lovers who found something that makes them happy. There is no need to put down someone else's reason for buying into DVC. Sure, tell me if you don't agree with my decision and why...but telling me I am a doofus for making that decision is not really needed or appropriate.

 

[Divamomto3]

Ya know....for a guy like me who works 9-5, has a couple of kids, lives check to check, drinks beers while watching pats and sox games..things like "compounded interest" mean nothing to me....most of us send it out as quickly as it comes in...I purchased my DVC with some tax return money, and financed it...It stunk paying for it for five years, and it seemed burdensome....now that I am done paying the loan off, in my very simple mind"....FREE DISNEY TRIPS FOR LIFE!!!!!!!!!!!!!!!!!

I mean a guy like me does not want to hear how much the house cost....I just want to know what the monthly mortgage payment is....if I can afford it, so be it.....I mean many of us are a leaky roof away from the poor house anyway....so enough about interest and cost analysis, just bring on the free room and lets all go around the world!!!

Holding up a Sam Adams Summer Brew.... to my fellow Sox/Pats fan....You're my kinda guy!

 

[fishermouse]

Although I agree you should check out any purchase before signing on the dotted line. It just seems to me that any one that offers up this much unsolicited information has an alterior motive. Can't say for sure this is true but it just seems fishy..

 

[DizWacko]

Oh, Im not entitled to my opinion? I believe its dribble, and I have no problem stating it. She mentioned in her first post that she lived paycheck to paycheck, until we found in a later post that she meant this to mean after she saves a ton of money and has payed off Private School and vacations at the Four Seasons and DIsney - is this living paycheck to paycheck?

Then she goes on about how she justified her DVC purchase partly because of the impact of 9/11 (this is insulting sorry) and wanting to be able to make great last memories with her kids - give me a break !! I shudder at the whole reference to 9/11 and her DVC purchase vs. paying rack rate at Disney resorts (????????),

 

[Divamomto3]

Daitcher,

I don't know how you can make such a blanketed, generalized statement such as this. You don't know any of us and what our financial situations are ? Can't afford disney trips without buying into DVC ? We bought into DVC because #1) we knew we could afford it. We purchased what was comfortable for us, not necessarily the amount we actually wanted. We also put 50% down payment so our monthly payments would be less. We only have 1 major credit card and only 1 car loan payment. We're not overextended by any means #2)we travel with generally 5 or 6 people. Stuffing into 2 hotel rooms for a week or even more was just a pain. We weren't always getting connecting rooms either which didn't work well at all with kids. Dh and I would have to split up and sleep in different rooms some vacations. We really wanted/needed 2 bedroom vill accomodations. So I don't feel timeshares don't work at all ? We're able to stay in a 2 bedroom villa for 7 nights (at our offsite timeshare) every year for $550 in dues. Two rooms at the All Stars would cost us much more than that for the same amount of time. And with our villa we get washer/dryer, full kitchen, jacuzzi, full balcony. #3)we have mutual funds and 401K's for retirement.
I agree with Eeyoresthebest.........
I respect your opinion Daitcher, but I don't agree because there's just no way to know everyone's financial portfolio and starting judging based on facts you don't know ?

I don't understand why anyone here needs to rationalize their financial situation to a message board. I truly don't understand why anyone would care if I had $300,000 in the bank or 3 cents.

 

[lllovell]

Oh, Im not entitled to my opinion? I believe its dribble, and I have no problem stating it. She mentioned in her first post that she lived paycheck to paycheck, until we found in a later post that she meant this to mean after she saves a ton of money and has payed off Private School and vacations at the Four Seasons and DIsney - is this living paycheck to paycheck?

Then she goes on about how she justified her DVC purchase partly because of the impact of 9/11 (this is insulting sorry) and wanting to be able to make great last memories with her kids - give me a break !! I shudder at the whole reference to 9/11 and her DVC purchase vs. paying rack rate at Disney resorts (????????),

You are entitled to whatever you choose - isn't that the great American way these days?

You understand my point but choose to ignore it. If you don't agree with her opinions fine, but as it has been pointed out time and time and time again here, there is no need to insult people.