New DVC 101 Episode from the DIS Unplugged!

miTnosnhoJ

DIS Veteran
Joined
May 7, 2015
I enjoyed the show. Especially how Pete talked himself into needing some points.

There is a factual error, however. You guys stated that DVC was a hedge against inflation, and if you have points for a studio, DVC cannot raise the points per night for a studio unless they reduce the points somewhere else. DVC has recently abandoned this promise, and is using something called the “lockoff premium” to be a method by which they can raise studio and 1BR point costs up to 20% per year, with no corresponding reductions elsewhere in the points chart.
DVC, faced with a huge outcry on the boards, rolled back this change for the time being, and made the 2019 points charts very similar to the 2018 points charts. However, the language allowing this is still in the Public Offering Statement, and they reserve the right to increase the lockoff premium in this way in the future.
I feel that if you are educating people on DVC, you should recognize that DVC is no inflation hedge at all, unless you are solely renting GVs or 2BRs.

For more on this, see the thread called “Would You Join a Lawsuit?”
 

crvetter

DIS Veteran
Joined
Nov 26, 2018
I enjoyed the show. Especially how Pete talked himself into needing some points.

There is a factual error, however. You guys stated that DVC was a hedge against inflation, and if you have points for a studio, DVC cannot raise the points per night for a studio unless they reduce the points somewhere else. DVC has recently abandoned this promise, and is using something called the “lockoff premium” to be a method by which they can raise studio and 1BR point costs up to 20% per year, with no corresponding reductions elsewhere in the points chart.
DVC, faced with a huge outcry on the boards, rolled back this change for the time being, and made the 2019 points charts very similar to the 2018 points charts. However, the language allowing this is still in the Public Offering Statement, and they reserve the right to increase the lockoff premium in this way in the future.
I feel that if you are educating people on DVC, you should recognize that DVC is no inflation hedge at all, unless you are solely renting GVs or 2BRs.

For more on this, see the thread called “Would You Join a Lawsuit?”
This is a true statement only for resorts without dedicated studios and 1 bedrooms. As a member heavily involved in that thread (and one of the few that talked to leadership directly) I wanted to just clarify that point. But everyone should realize if your home resort doesn’t have studio and 1 bedrooms what you said is exactly true. Though there are some believe DVC can’t do that legally but that is something they won’t likely admit to since they tried and want to avoid lawsuits.
 

Just People

Lurker
Joined
Apr 3, 2008
The discussion was a little too pro-DVC, not really an educated discussion. No one brought up DVC's new shady bungalows/cabins and how to artificially raise resort availability. DVC has sold a lot of points at both The Polynesian and Copper Creek, but a big reason those points exist is the cabin category. The vast majority of DVC members will never stay or have enough points to stay in these kind of rooms. However, DVC doesn't really care if they sit empty for days at a time because folks have already paid for those rooms, whether they use them or not. There is a reason you don't see Disney building cabins or bungalows at non-DVC resorts. They would have to actually book those rooms to turn a profit! If anyone really was listening to this episode to possibility figure out if they should pay for DVC, Pete should emphasize you don't actually own anything, even compared to a normal timeshare, more of a long-term lease. But hopefully more to come on DVC 201:Advance Tactics.
 

kniquy

DIS Veteran
Joined
Dec 15, 2014
In this special show, the panel discusses Disney Vacation Club general information including what it is, what is offered, and how you can be a part of it!
Great intro to DVC! I think it really is only scratching the surface of what it all entails, so I do look forward to other episodes. I do think there should be some reference to the DVC portion of the disboards in future episodes. This forum really has been such a valuable resource to have access to. In the initial research phase of buying resale, to now using my points and learning all the ins and outs of the DVC system. There is always a new question that i have or I see questions from other members - questions that i never even thought of asking but have absolutely had an impact on how I plan my DVC trips.
 

Carlymouse

Mouseketeer
Joined
Sep 22, 2017
In this special show, the panel discusses Disney Vacation Club general information including what it is, what is offered, and how you can be a part of it!
Thanks for this! My husband and I bought in in September, so we knew a lot of the info but still enjoyed listening. It was nice to hear your story as well.

Great intro to DVC! I think it really is only scratching the surface of what it all entails, so I do look forward to other episodes. I do think there should be some reference to the DVC portion of the disboards in future episodes. This forum really has been such a valuable resource to have access to. In the initial research phase of buying resale, to now using my points and learning all the ins and outs of the DVC system. There is always a new question that i have or I see questions from other members - questions that i never even thought of asking but have absolutely had an impact on how I plan my DVC trips.
Agreed! DVC boards here were invaluable, especially during ROFR!
 

WebmasterPete

Grand Administrator
Staff member
Administrator
Joined
Jun 1, 1997
I enjoyed the show. Especially how Pete talked himself into needing some points.

There is a factual error, however. You guys stated that DVC was a hedge against inflation, and if you have points for a studio, DVC cannot raise the points per night for a studio unless they reduce the points somewhere else. DVC has recently abandoned this promise, and is using something called the “lockoff premium” to be a method by which they can raise studio and 1BR point costs up to 20% per year, with no corresponding reductions elsewhere in the points chart.
DVC, faced with a huge outcry on the boards, rolled back this change for the time being, and made the 2019 points charts very similar to the 2018 points charts. However, the language allowing this is still in the Public Offering Statement, and they reserve the right to increase the lockoff premium in this way in the future.
I feel that if you are educating people on DVC, you should recognize that DVC is no inflation hedge at all, unless you are solely renting GVs or 2BRs.

For more on this, see the thread called “Would You Join a Lawsuit?”
Thanks for this! We'll be making this show a regular addition to our channel and I'll make sure to issue a correction on the next one we record. BTW, I really did talk myself into it. I sign my first contract Monday LOL!
 

WebmasterPete

Grand Administrator
Staff member
Administrator
Joined
Jun 1, 1997
Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.

Pete
 

JETSDAD

DIS Veteran
Joined
Jan 7, 2016
Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.

Pete
Welcome home!!

I think something that could be discussed is how DVC busy seasons vary greatly from regular Disney seasons and how you may not be able to switch resorts as easily (or at all) as the salespeople make it seem at 7 months. Also I assume you will be discussing pros and cons of direct vs resale.
 

Katie L

Mouseketeer
Joined
Jun 2, 2017
Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.

Pete
Loved it, Pete. I’m still on the sidelines... but getting closer to convincing the husband.

I think talking about how DVC busy season is very specific and not at all what you would expect for “regular” busy season. There are so many ins and outs. You’ve definitely got content for some time.

Which resort did you pick?
 

BWV Dreamin

DIS Veteran
Joined
Mar 10, 2007
Would definitely be mentioning the fact that value points accommodations ( BWV, BLT, VGF standard studios and whenever they become available again, AKV value studios) must be booked at 11 months out. Certain times of year (Christmas and F & W) will have to be walked.
 

Carlymouse

Mouseketeer
Joined
Sep 22, 2017
Thanks for this! We'll be making this show a regular addition to our channel and I'll make sure to issue a correction on the next one we record. BTW, I really did talk myself into it. I sign my first contract Monday LOL!
Was it BLT? can't wait to hear about it.
 

ScubaCat

DIS Veteran
Joined
May 12, 2008
Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.

Pete
You'll want to add an episode called "Addonitis" to the docket for sure. You'll catch the disease shortly after you sign your first contract (probably mid-day next Wednesday, maybe sooner). On the bright side, you have us all here on your platform to provide free counseling to help you cope with it.

Thanks again for the show.
 
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ELMC

DIS Veteran
DVC Gold
Joined
Jul 4, 2011
Thanks for this! We'll be making this show a regular addition to our channel and I'll make sure to issue a correction on the next one we record. BTW, I really did talk myself into it. I sign my first contract Monday LOL!
I hope you used The Timeshare Store!
 

ELMC

DIS Veteran
DVC Gold
Joined
Jul 4, 2011
Agreed. It's a little premature to nitpick omitted facts based on one half hour conversation. I thought it was a fine introduction.

Looking forward to DVC 102...
Agreed. I think it was a good introduction into DVC and a broad overview of the product. One only has to look at these forums to develop content for the next 50 episodes and the appropriate progression from introductory to advanced topics. Having been on the DVC boards for close to a decade I've seen the same themes/topics/threads show up again and again over time. It's going to be a lot of work to plan it out, but if done properly each topic could be an individual episode and could be an intriguing podcast for years to come. Good luck with the new endeavor, Pete!
 

Disneykate605

Disney Life
Joined
Apr 26, 2018
Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.

Pete
Welcome home!!
I'm happy to hear about this new show...I've always felt DVC was missing from my DIS show life!
 

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