Proof DVC is complicated.

[Brian Noble]

No doubt about that. I just pointed out that I feel that market value is a noteworthy difference to some other timeshares. It should never be a main reason to go with DVC (as development of the past is a bad predictor for the future) and it certainly wasn't for me but if life happens and you can't or don't want to use it anymore, there is a better chance to get some money back.

Unfortunately, market value is a double-edged sword.

If you are buying from the developer, market value is mostly upside. But if you are buying resale, market value starts to look more like downside risk coupled with opportunity cost. Prior to buying DVC, my timeshare portfolio was put together at a cost of approsimately zero dollars, and it delivered nearly twenty years of great vacations, paying lower maintenance fees than I would have spent on equivalent rent*. I might have to throw a little money at disposal, but I am still way ahead of the game because of those many years of usage value.

Now, consider one way in which DVC is not like most other points-based timeshares: DVC resales are resort-restricted, and at least today no amount of money can wash resale points. So, not only are DVC resales expensive, but they are also less useful. In comparison, you can pay between zero to maybe a thousand or so for a nice pile of Wyndham points (depending on on home resort/fee ratios/etc.) and those points spend just like those bought from the developer for standard reservations.

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*: For DVC exchanges, I ended up paying less in total costs than a Member would have spent only on Dues for the same stay, let alone less than market rents.

 

[IsDVCForMe?]

Do timeshares have an expiration date?

 

[walt34]

Unfortunately, market value is a double-edged sword.

If you are buying from the developer, market value is mostly upside. But if you are buying resale, market value starts to look more like downside risk coupled with opportunity cost. Prior to buying DVC, my timeshare portfolio was put together at a cost of approsimately zero dollars, and it delivered nearly twenty years of great vacations, paying lower maintenance fees than I would have spent on equivalent rent*. I might have to throw a little money at disposal, but I am still way ahead of the game because of those many years of usage value.

Now, consider one way in which DVC is not like most other points-based timeshares: DVC resales are resort-restricted, and at least today no amount of money can wash resale points. So, not only are DVC resales expensive, but they are also less useful. In comparison, you can pay between zero to maybe a thousand or so for a nice pile of Wyndham points (depending on on home resort/fee ratios/etc.) and those points spend just like those bought from the developer for standard reservations.

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*: For DVC exchanges, I ended up paying less in total costs than a Member would have spent only on Dues for the same stay, let alone less than market rents.

I completely agree. But coming back to the video that started this thread, being able to sell a contract bought from the developer is probably the more relevant scenario, I believe. I am refering to the segment where he claims, she needs to 'find another sucker' to take over her contract and best case scenario is she loses every dime she spent on her DVC timeshare. That's true for many timeshares but not true for DVC - at least at the moment.
And that's not even the worst part of the video.

 

[Brian Noble]

I am not sure it ever makes dollars-and-cents sense to buy any timeshare from the developer. I know that's not how I justified it.

And I am sure the video is clickbait trash. I am not giving it my attention either way.

 

[Sandisw]

Do timeshares have an expiration date?

Some do and some do not.

 

[Chili327]

I'm not sure I do either.

The only difference I see is that as long as WDW exists, it might be easier to get out of than others.

Price it low and someone will attempt the purchase.

Now that you mention it, I don’t see a difference either. Guess I’ll just have to sell my contract. Shucks!

… hopefully someone will buy it.

But that is quite an important difference, in my opinion.

Maybe I don’t understand other timeshares, I just assume they are horrible experiences so I don’t look into them. lol
But I’m sure I didn’t think DVC was going to be worth doing before I learned… so my point still stands, the others aren’t worth it.

I tried watching and regret every second of that time lost. I turned it off after 5 minutes after he called it the Disneyland Vacation Club.

Agreed.

@Chili327

Since this youtube video is so obviously clickbait, I'd unplug it in your post not to help the baiter to make money.

I am going to do so, but then I also feel like others will actually search for it, which may actually be worse… maybe I should just delete this whole thread?

the biggest difference for me is that the other timeshares don't let me stay at Beach Club.

Or Boardwalk, or Wilderness Lodge, etc, etc.

I am not sure it ever makes dollars-and-cents sense to buy any timeshare from the developer. I know that's not how I justified it.

It must for some?

I am sure the video is clickbait trash. I am not giving it my attention either way.

You definitely shouldn’t. I almost didn’t post it, but I really wanted to talk about how absolutely ignorant a “smart” guy can be. And that it is a perfect example of how badly knowledge can be given out there.