Purchasing Vero Beach reslae question?

[kenspidey]

Oh we vacation every year in Hawaii and will problems doing that years after disney has lost a little luster with my kids... I was looking at mf and vero is pretty high. So maybe not the best plan. Renting is ok idea but since it will be a long term maybe not... Renting and the cash price don't seem too different.

I am trying to buy at Vero (currently in ROFR). I like the fact that my current price is minimal (some 30-40) dollars less per point and that I can get 150 points for less than 100 point contracts elsewhere. I also plan on staying at Vero on a every three year basis. The difference in Maintenance fees is really only $2 per point so it will take me 15 to 20 years to break even with another resort and that's not even including interest on the money. It's a great deal especially if you want to stay there occasionally.

 

[lchute1158]

That's good to hear... I would stay there once in a while I think since my wdw stats are vinyl a few days efore a dcl sail.

 

[lchute1158]

Well... Just doing some simple calculations i think it will take 8 to 10 years for the mf on vero to catxh up to the higher initial cost of ssr

 

[z28wiz]

Well... Just doing some simple calculations i think it will take 8 to 10 years for the mf on vero to catxh up to the higher initial cost of ssr

Correct on a hundred point purchase you will be paying 250 more a year in dues compared to ssr. After that 10 year mark I will notice the difference in dues since vero will probably be wry close to 10 per point in dues per point.

 

[LisaS]

You'll figure out the "catch" when you get your first dues bill. Remember, dues increases are percentage based. So a 4% increase on VB is larger than a 4% increase on OKW.

I agree. People sometimes look only at the current dues and not the historic data to see how much they increase each year. This chart only goes through 2011 but it shows how the dues gap has widened over the years between VB and the other resorts: http://www.disboards.com/showthread.php?t=2685252

Another issue that is sometimes raised about VB is the possibility of hurricane damage, making a special assessment a possibility.

 

[kenspidey]

I agree. People sometimes look only at the current dues and not the historic data to see how much they increase each year. This chart only goes through 2011 but it shows how the dues gap has widened over the years between VB and the other resorts: http://www.disboards.com/showthread.php?t=2685252

Another issue that is sometimes raised about VB is the possibility of hurricane damage, making a special assessment a possibility.

Does anyone know if Disney carries any type of Hurricane insurance? Maybe this is one of the reasons why their dues are so high.

 

[lchute1158]

I believe wind insurance is mandatory in Florida. When I owned a house there the wind insurance alone was about 1000 a month.

 

[z28wiz]

1000 a month for wind insurance? Holy cow. Do you mean 1000 a year?

 

[lchute1158]

oh a month!