Predictions for Dec 2024 Incentives?

[lmf77]

All of that is true if you just look at 2019-2024 and ignore the 15 years prior, when prices were fairly disconnected from interest rates

The financing bit doesn’t track though, as Monera, who finance most DVC resale loans, has not changed their interest rates *at all* over the last 4 years, despite the broader market conditions.

But people can shop around for rates and when home equity loans were under 5% it would have made the most sense for people to use those to buy their DVC if they needed to finance.

If you look at the Orange County comptroller site, I don’t see a lot of leins being put on these DVC deeds. I can’t imagine all the deeds without leins were able to be purchased outright with cash. Direct purchases can be put on credit cards too especially when there’s a deal of no interest but the timeline on those is still best for those with the cash available.

And not to say that there aren’t a lot of people who can pay outright with cash but when all interest rates are higher than less people can afford to buy. When more people can afford to buy, DVC can sell more without needing to offer incentives.

 

[Mikey15]

I did get a $500 military incentive which essentially brought the price down to 215 a point. I also got a bonus year of point I think, I’m getting 2024 points but only paying 2wks of dues. He got me an October use year which is different than my original use year, I hope I don’t kick myself later for doing that….

Thank you for your service,

Just wanted to add that it might not be too late to ask for the Use year you actually want. Not sure if there was a reasoning behind October but if you would prefer it matching your current use year, you’re probably still in a rescission period and could get that corrected.

 

[LittleBitGoofy]

Thank you for your service,

Just wanted to add that it might not be too late to ask for the Use year you actually want. Not sure if there was a reasoning behind October but if you would prefer it matching your current use year, you’re probably still in a rescission period and could get that corrected.

Agreed on the UY item. I'd expect OP could get the desired UY rather than the offered one.

 

[sarahlord]

Thank you for your service,

Just wanted to add that it might not be too late to ask for the Use year you actually want. Not sure if there was a reasoning behind October but if you would prefer it matching your current use year, you’re probably still in a rescission period and could get that corrected.

I should have clarified I asked for October for this contract.

If I had really thought about my travel habits I would have asked for October for my first contract too

I only travel to Disney from October to May, it’s too hot to go June-September.

So my poly contract is now my contract for fall trips and my riviera contract is for my February-April trips. I kick myself for not asking for October for my first contract

 

[sarahlord]

Agreed on the UY item. I'd expect OP could get the desired UY rather than the offered one.

I asked for October for this contract, I hope I don’t regret having 2 use years…..

 

[LittleBitGoofy]

I should have clarified I asked for October for this contract.

If I had really thought about my travel habits I would have asked for October for my first contract too

I only travel to Disney from October to May, it’s too hot to go June-September.

So my poly contract is now my contract for fall trips and my riviera contract is for my February-April trips. I kick myself for not asking for October for my first contract

That's why we picked October UY too with the weather over the summer then hurricane season which puts us traveling to WDW late October through late May. It's a great UY!

 

[AstroBlasters]

I was looking at the history of resale prices and for the majority of the resorts, the price was high while interest rates were low and then went down as interest rates increased. That makes sense. Interest rates go up because of inflationary pressure. Plus a lot of people finance so higher rates make it more expensive. For a discretionary item like DVC, I’d expect lower prices during a higher rate environment. The same probably applies to direct purchases. So if inflation stays higher than the FED is aiming for and they stop lowering rates, I would think incentives would be decent next year. Not as good as this year but better than where they are now. And resale prices should stay about the same too.

IMO, it didn’t really have to do with interest rates. It was more about “revenge travel”.

 

[tx911]

I caved and called my guide for 100 direct poly points so I could use a 0% APR credit card instead of buying resale. Also don’t like the resale restrictions….

I did get a $500 military incentive which essentially brought the price down to 215 a point. I also got a bonus year of point I think, I’m getting 2024 points but only paying 2wks of dues. He got me an October use year which is different than my original use year, I hope I don’t kick myself later for doing that….

Now my conundrum is do I rent these extra points and use that money to pay down the contract? Sort of like my own magical beginnings or do I try and use them

I'm using my 2024 points towards annual passes

 

[sarahlord]

That's why we picked October UY too with the weather over the summer then hurricane season which puts us traveling to WDW late October through late May. It's a great UY!

ugh I wish both my contacts were October or I wish I could pay Disney a small sum to change the use year on my Riviera contract

Oh well, I’ll deal with my two use years, I’m pretty organized at least.

 

[sarahlord]

I'm using my 2024 points towards annual passes

I get military salute tickets and don’t go enough to justify annual passes unfortunately

 

[tx911]

I get military salute tickets and don’t go enough to justify annual passes unfortunately

I didn't used to go enough to justify annual passes. Until I got annual passes

 

[SugarSweetLee]

ugh I wish both my contacts were October or I wish I could pay Disney a small sum to change the use year on my Riviera contract

Oh well, I’ll deal with my two use years, I’m pretty organized at least.

What UY is your Riviera?

 

[sarahlord]

I didn't used to go enough to justify annual passes. Until I got annual passes

Sounds like a slippery slope

 

[sarahlord]

What UY is your Riviera?

February

 

[SugarSweetLee]

I didn't used to go enough to justify annual passes. Until I got annual passes

So easy to say "well, let's just fit one more trip in...since we have the pass already!"

 

[tx911]

Sounds like a slippery slope

 

[tx911]

Sounds like a slippery slope

Speaking of slippery slope, I have an upcoming stay at the Poly Tower in March.

I'm really worried that I'm going to want to add on there! My wife will have a coronary if I do though.

 

[tx911]

Speaking of slippery slope, I have an upcoming stay at the Poly Tower in March.

I'm really worried that I'm going to want to add on there! My wife will have a coronary if I do though.

Now that I think about it, I’m not sure it gets much better than a RIV/Poly split stay

 

[SugarSweetLee]

Speaking of slippery slope, I have an upcoming stay at the Poly Tower in March.

I'm really worried that I'm going to want to add on there! My wife will have a coronary if I do though.

We just bought into RIV in June, just stayed at Poly villas for the first time this week, and now want to buy some Poly

 

[sarahlord]

Now that I think about it, I’m not sure it gets much better than a RIV/Poly split stay

I think it’s a great combination, one Epcot/HS home resort and one MK home resort and there are at least 40yrs left on both resorts, I couldn’t resist.