Reflecting on 20+ Years as a DVC Member

[tfc3rid]

So, it's been a while for me since posting to the DIS and it's nice to be back. I love the DVC discussion here and the direct versus resale debate is enlightening...

I bought into DVC in 2000 at BEV for a whopping $62 a point, BCV in 2002 for $72, and SSR in 2006 for $90. My wife and I have LOVED our membership and we try and use our annual allotments every year. It's been a while but addonitis is back and this time for VDH. I expect the direct to be about $250 and I'd look at 75 points. For my wife and I with no kids, that's a nice amount of total cumulative points but we love taking our nieces and nephews as well so need larger rooms.

One debate about resale and resorts for me, since we have no kids, is which resort would be reasonable for a future resale add on. For me and VDH, I'll likely be dead by 2073 so for me, a resale contract ending in the early to mid 2060s might work best. Make it less messy as far as a will or trust in the long run...

So, anyone else debate this type of thing? Yeah, it would be great to leave to people but if they're not fans, why saddle them with it. But I've been waffling on the issue... While I'd love to buy a 'cheap' RIV resale, 2070 is pushing it for me...

 

[thanxfornoticin]

Yes, we've discussed it many times, too! We currently have a bunch of points expiring in 2042, which is perfect for our age/travel expectations. We also have a number of points 2057 that we'll either continue using after 2042 (health permitting), sell, or give to kids/grandkids. But for now, the plans are to use and enjoy them for as many years as we can! I expect from your note, we're probably a bit older. We bought the original Vacation Club resort (now OKW) back in 93 and have never regretted the investment for fun and memories!

 

[Jimmy Geppetto]

So, it's been a while for me since posting to the DIS and it's nice to be back. I love the DVC discussion here and the direct versus resale debate is enlightening...

I bought into DVC in 2000 at BEV for a whopping $62 a point, BCV in 2002 for $72, and SSR in 2006 for $90. My wife and I have LOVED our membership and we try and use our annual allotments every year. It's been a while but addonitis is back and this time for VDH. I expect the direct to be about $250 and I'd look at 75 points. For my wife and I with no kids, that's a nice amount of total cumulative points but we love taking our nieces and nephews as well so need larger rooms.

One debate about resale and resorts for me, since we have no kids, is which resort would be reasonable for a future resale add on. For me and VDH, I'll likely be dead by 2073 so for me, a resale contract ending in the early to mid 2060s might work best. Make it less messy as far as a will or trust in the long run...

So, anyone else debate this type of thing? Yeah, it would be great to leave to people but if they're not fans, why saddle them with it. But I've been waffling on the issue... While I'd love to buy a 'cheap' RIV resale, 2070 is pushing it for me...

I don’t think VDH will be anywhere near $250pp. I anticipate similar pricing to what you are seeing now for VGF, but that’s only my personal prediction. If a recession hits, then all bets are off.

If I were you, I wouldn’t be worried about the deed end date. Look at how well you did with your existing contracts. Assuming you were done them with them today, you can always sell them to someone who would want them and even if you were to sell them at “fire sale” prices, you will still make a profit. I realize that may not be your intent, but that is the beauty of DVC… demand for DVC will peak and valley…but there seems to always be a decent floor. Who knows what the future holds, but I wouldn’t be too worried about deed expiry if you were comfortable with the current price.

 

[tfc3rid]

I don’t think VDH will be anywhere near $250pp. I anticipate similar pricing to what you are seeing now for VGF, but that’s only my personal prediction. If a recession hits, then all bets are off.

If I were you, I wouldn’t be worried about the deed end date. Look at how well you did with your existing contracts. Assuming you were done them with them today, you can always sell them to someone who would want them and even if you were to sell them at “fire sale” prices, you will still make a profit. I realize that may not be your intent, but that is the beauty of DVC… demand for DVC will peak and valley…but there seems to always be a decent floor. Who knows what the future holds, but I wouldn’t be too worried about deed expiry if you were comfortable with the current price.

I'm basically feeling like I'm in the market to 'replace' the 400 points I'll lose in 2042, assuming they do not make any moves toward extensions... That said, if I got the chance to extend BW and BC for 15 years or so, I'd do it in a heartbeat.

And yes, at this point, I'd make a very healthy profit if I wanted to sell but have zero desire to.

 

[Jimmy Geppetto]

I'm basically feeling like I'm in the market to 'replace' the 400 points I'll lose in 2042, assuming they do not make any moves toward extensions... That said, if I got the chance to extend BW and BC for 15 years or so, I'd do it in a heartbeat.

And yes, at this point, I'd make a very healthy profit if I wanted to sell but have zero desire to.

I’m right there with ya in the “please offer an extension to beach club owners” club! But I won’t get my hopes up. It’s very unlikely it happens.

 

[tfc3rid]

I’m right there with ya in the “please offer an extension to beach club owners” club! But I won’t get my hopes up. It’s very unlikely it happens.

Yeah, I'm working on the assumption that both will go away or extension prices would be too high... That certainly will impact overall availability as time goes on....

 

[tmoney007]

DVC 20 years later has changed a lot , My family loves it best investment

 

[tfc3rid]

DVC 20 years later has changed a lot , My family loves it best investment

No question, it has changed a lot. We've lost a lot of the goodies but I expected that to a degree with the significant expansion of the program and business model.

The price I paid back in the day makes me wish I bought more back then... Likely never expected to ever see $200 a point, even for Disney prices.

 

[Jimmy Geppetto]

Yeah, I'm working on the assumption that both will go away or extension prices would be too high... That certainly will impact overall availability as time goes on....

My prediction is they allow the 2042 deeds to expire and sell the resort as new properties/deeds with a new 40 or 50 year expiry.

 

[tfc3rid]

My prediction is they allow the 2042 deeds to expire and sell the resort as new properties/deeds with a new 40 or 50 year expiry.

I still hold out hope that they might offer BCV and BWV direct buyers something... Throw us a bone... Wishful thinking I know but I wouldn't imagine a ton or direct buyers left by the time 2042 comes around....

 

[TCRAIG]

I still hold out hope that they might offer BCV and BWV direct buyers something... Throw us a bone... Wishful thinking I know but I wouldn't imagine a ton or direct buyers left by the time 2042 comes around....

I’m hoping hoping hoping that they’ll offer BWV and BCV owners a discount when they refurb/resell - even if they just limit to direct owners - but I think, especially BCV because it’s so small, they’ll do a tear down and complete rebuild as a tower rather than just a refurb.

 

[Mexacajun]

I’m hoping hoping hoping that they’ll offer BWV and BCV owners a discount when they refurb/resell - even if they just limit to direct owners - but I think, especially BCV because it’s so small, they’ll do a tear down and complete rebuild as a tower rather than just a refurb.

Yeah, think about a tower there that could see into the world showcase and see the fireworks, they would sell so fast at whatever price and the point charts would be absurd.
So lets check:
1. ruins sight lines
2. extracts more money from guests
3. charges higher points per stay

I would say that is the trifecta and because of it, you are probably correct

 

[RoseGold]

Especially if you don't live in FL/CA, maybe it's time to talk to an estate attorney about a plan. When you die, these have to be probated with out of state lawyers, and it's a lot. There are other solutions here, like local LLCs or a trust.

To me, adding a whole extra state of probate to my widow isn't worth it for DLT, especially for just 75 points, which you might even be able to use your existing contracts for.

 

[RoseGold]

Yeah, think about a tower there that could see into the world showcase and see the fireworks, they would sell so fast at whatever price and the point charts would be absurd.

Before Covid, the walk to Epcot hotel on the other side was pretty far along in planning, I think it even had some permits.

 

[kanerf]

My prediction is they allow the 2042 deeds to expire and sell the resort as new properties/deeds with a new 40 or 50 year expiry.

I agree and hopefully they will give current owners a large discount to buy into the new resort. Like many though I will be 82 so it won't matter to me.