Questions about 2042

[wdeversole]

Let's say I have an August use year - will I get a full year's worth of points in August 2042 that have to be used by December 31st?

Assuming that to be true, since dues are paid in January for the calendar year, am I getting those last seven month's worth of points "free" from dues?

Just wondering ......

 

[DVCDAVE]

I don't know the answer to your question, maybe DOC or your guide can help. I plan on on borrowing my 2042 points and spend them in 2041

 

[PKS44]

I thought the program ended Jan 31 2042...

 

[RobDoc]

Actually, you won't get ANY points in Aug, 2042- since DVC ends (under the current configuration) on Jan. 31, 2042.

If we apply the same question but use 2041 for the dates, there will be no extra dues owed on your August points- since all dues for the year are due by Jan 15- unless paid by autodebit.

Dues run by calendar year without regard to use year. It remains to be seen whether we'll all get a dues statement in January, 2042!

 

[wdeversole]

Thanks for the info - now I can return to my compulsive vacation planning !! (Is there anyplace I can go for therapy for this problem - preferably at Disney??)

 

[RobDoc]

Is there anyplace I can go for therapy for this problem

There are currently 5 centers which offer extensive help in combating the problem (there is fortunately NO real cure). We expect announcement of a 6th center opening within the next several months.

All of these centers provide a complete program of relaxation and entertainment, which are essential components of the therapy.

For information about the therapy program, call 1-800-800-9100 or to actually schedule a session call 1-800-800-9800-3-3. A clinic representative will be happy to assist with your addiction!

Enjoy!

 

[Dean]

DVC so far has declined to address this issue. Most on this board seem to think it's too far in the future to worry about. Options would include prorating the last year of points or having a lottery for who got points and who didn't. I personally plan to borrow all of my points late in the course to stay at the DVC old folks home.

 

[Bigcat]

What happens to all the money we have been paying into the reserve fund in 2042?

 

[Dean]

Originally posted by Bigcat
What happens to all the money we have been paying into the reserve fund in 2042?

My assumption is that the reserve fund will be depleted by the end.

 

[Terry S]

Doc.. Too Funny....

 

[dtheboys]

Oh, well I have enough to worry about in 2002!!!
I'm sure not going to worry about 2042!!!
Going tp BWV in April....can't wait!

 

[ralphd]

My assumption is the reserve fund will be depleted by the end

Dean's assumtion is (should be) correct if Disney does not offer DVC members an option to extend our membership beyond 2042!

Since it looks like BCV has a 2042 expiration date, it seems more likely that they will come up an offer. If they are smart, they will take advantage of the high ratings and purchasing power of the current membership.

Time will tell!

ralphd

 

[Dean]

Even if they extend, the problem is only delayed. Both for the reserves and how to handle the last year or two of points. Also with Eagle Pines apparently on hold, the issue of expiration at a later date and therefore extension for the current resorts is less clear.

 

[ralphd]

Again you are correct Dean. Either way leaves questions about how 2042 will be handled for extensions and/or the expiration of contracts.

The reserve portion of the annual dues will have to continued for one group and terminated for the other group.

ralphd

 

[Dean]

I find it fascinating to ponder how they might end this but no one else seems to want to discuss it. I guess 40 years away is too long for many to worry about. As for dues, etc, it will depend on what's to happen with the resorts. If they will be torn down, they can skimp a bit at the end. If they are to revert back and be used, Disney may want to fix everything they can at our expense.

My guess is that either a lottery for that last full year or a prorated amount of points for the last year and a portion are the most like. The people with a later use year are likely the ones that will get the most use of it. Also, if one doesn't get the points, I'm sure no dues will be owed.

 

[ralphd]

I think that since DVC has been a profitable venture for Disney, it will be to their advantage to continue the existing contracts, as well as continuing to sell new DVC memberships.
The new contract will solve the proration problem in 2042 for members who extend their contracts. If contracts expire in 2042-
DVC will have to prorate the last year. Not sure they could sell the lottery idea.
The buildings will age, but with proper maintenance, they could continue to offer above average facilities. That assumes no major structural problems with the buildings.
The existing DVC resorts occupy prime space, but Disney still has space to add cash (CRS) resorts. So I don't think land will be a problem.
If they don't offer us extensions when (and if) DVC II is introduced, then we may have an answer.

Next/

ralphd

 

[Dean]

ralphd, an extension will only delay the problem, not solve it. Regardless, at the end something must happen. The only options I can think of that would possibly work would be some type of proration or a lottery. They will have less units than points if they allow everyone to have their full allotment of 2040 and 2041 points. I'm sure no one will get 2042 points. I guess the other option would be to allow the resort to keep running to use up all of the current points. My guess is they will prorate the last 2 years (2040 & 2041) of points giving each member roughly 60% of their total allotment for those 2 years but likely giving them all at the start of the 2040 use year. I also expect they'll stop banking around the last 3-4 years but continue borrowing unless everyone is doing it. They will need to make and distribute these decisions at least 5 - 7 years before the end of the RTU so we all can plan according. They will be able to charge dues only on the points you get so if they do a proration, everyone will pay less total but the same per point for the same resort. If they do a lottery, one will need to pay the dues to get the points.

If the contract is extended, the problem will still be there at the end, jsut later.

 

[PKS44]

I guess I don't understand something...when we bought in we bought a certain number of points EVERY YEAR, not every year until the last two years, not every year that they charge dues, but every year. PERIOD. I don't see how they can not give everyone points as agreed to in the contract. That does not mean that people will be able to use those points as easily so I am sure there will be jockeying to use points before then, which may solve the problem to begin with as those who do so will free up units for those who do not...

Paul

 

[Dean]

Originally posted by PKS44
I guess I don't understand something...when we bought in we bought a certain number of points EVERY YEAR, not every year until the last two years, not every year that they charge dues, but every year. PERIOD. I don't see how they can not give everyone points as agreed to in the contract. That does not mean that people will be able to use those points as easily so I am sure there will be jockeying to use points before then, which may solve the problem to begin with as those who do so will free up units for those who do not...

Paul, there simply will not be enough units to go around for all of the points the last year so so. What you bought was X points yearly in a resort that ends on 31 Jan 2042. While I understand your sentiment, guaranteeing you (and everyone else) full points for your 2041 use year is simply not feasible unless they run the resort longer to accomodate the extra unit requests. Then if that's the case, DCV must then decide how they are going to limit the points. Giving someone who has a December use year their full 2041 pts then not having any units to offer them doesn't seem the best alternative.

I can't think of anything in the POS that addresses this issue one way or the other. I certainly can't think of anything that would force them to give you every last point even if you had a Feb use year.

The trouble with borrowing is that everyone else will be doing the same. That means the 11 month window and calling day by day will likely be the only way the last 2 or 3 years. I know I will recommend to my kids that they are completely borrowed ahead the last 5 years or so and they make ressies exactly 11 months out.

The other interesting component is what will happen with the non DVC alterntives. Unless MS keeps running, it means that there will be no exchange company interactions the last year or so and no deposits the last 2-3 years. If we were regular II members instead of DVC having a corporate membership, the problem would be much less as you could still deposit and use by 2 years from the unit check in date. Certainly using the DC, etc would be an alternative but DVC will have the same problem of how to get units to rent using the points. You can bet DVC will get their units even if you and I do not.

 

[PKS44]

Dean-

I guess we are discussing the meaning of "getting" points. I believe the enforcement of the contract will mean that everyone WILL get their full yearly allottment of points...those points are for use BASED ON AVAILABILITY. so there is no guarantee that we will be able to use them

The last two years people will be worried about availability. This will likely cause them to do just what you say you and your kids will do..borrow and use up...this will make availability very difficult initially. For those people who try and fail to get what they want, I would think the availability will get easier since others will have rushed to use up their points making fewere people around to compete with towards the very end.....

Paul