That 12 year difference really bothers me. Am I obsessing??

[BroganMc]

Hard to say, someone likely asked that same question many years ago as well, but is it currently easier to sell a resort with 46 years left (SSR) or one with 34 years left (BCV)?

Ask that question in 2 years when SSR is sold out and the choices are AKV, KTR, GCV and a potential DHa on the horizon.

 

[jade1]

Ask that question in 2 years when SSR is sold out and the choices are AKV, KTR, GCV and a potential DHa on the horizon.

Only 2 more years? And then, finally the extra 12 year advantage is finally gonna what...."possibly" catch up to BCV? And this is an argument on a thread about if the extra years are worth it or not? I think we have our answer right there.

Second-that's kind of the point of this thread-everyone (all DVC owners, including SSR and BCV owners) will have these choices-AKV is one now and KTR may be in months, and if either one wants to upgrade-which would you rather be selling, BCV or SSR? There is always new resorts with longer end dates coming-so why worry about it? Many folks will be changing time and again, or adding on with a new longer end date on "that" resort. It comes down to timing and what is your DVC resort worth if you choose to sell. Another possibility is some kind of major change-like DVCIII. What if its an entirely new club seperate from the rest? Many folks may add on there, and many may sell what they have and buy only into that-meaning once again they should hope they have a high demand property to sell, regardless of how many years it has left.

 

[Disneypirate85]

Not trying to get to FAR off topic but has there been a survey/study of DVC buyers ages? What is the "Average" age of a buyer?

We purchased our DVC this year, actually we close on 3/12 we considered 2054 or 2057 for bout a minute. I'm 38 years old, have a high stress job, 911 Dispatcher/ Deputy Sheriff, and don't really eat right, SO seeing the end of my contract is probably out of the question I know this and accept it.
But like all of you we LOVE Disney so will probably go for MANY MANY years to come.

 

[BroganMc]

Only 2 more years? And then, finally the extra 12 year advantage is finally gonna what...."possibly" catch up to BCV? And this is an argument on a thread about if the extra years are worth it or not? I think we have our answer right there.

I think you misunderstood the intention of my post. You were asking the rhetorical question about which contract is easier to sell: BCV or SSR. But when you ask that you need to consider that Disney is currently selling SSR contracts as new with a very nice incentive discount ($94 per point). Since when you buy with Disney you don't have to pay closing costs, don't have to wait for ROFR, can make reservations immediately upon downpayment, and as an unsold resort you don't have to go on a waiting list for points, then resale contracts are going to be less advantageous than the Disney-sold article.

But once SSR sells out this year and Disney jacks up prices for the newer resorts that are only open 6 more years (vs 18 years for older resorts), then I suspect we'll see that 2042 vs. 2054+ expiration come into play. I gave it two years simply because it allows some settling of the initial sale market.

And in 10 years time, we will probably see the 2042 resorts having a harder time selling simply due to that early expiration date, location be damned.

If you want a comparison just look at the OKW 2042 vs OKW 2054 market.

The crazy thing here is that Disney ever sold BCV with a 2042 contract. IIRC it was selling back in '00-'02. So that means it only had a 40 year contract to begin with. If I had purchased back then, I woulda been hopping mad when SSR rolled around a couple years later with a lot more years.

 

[murcor]

We struggled with the decision on the extra 12 years. I really wanted to be able to give the gift of disney to my kids/grandkids. We bought SSR and very happy

I will be 72 in 2042 but my kids will only be 42, hopefully enjoying Disney with their families

I will be 84 in 2054 and hopefully I will will STILL be around to watch my kids/grandkids/gratgrandkids at WDW

 

[PEANUT1]

Sure, but why should someone buy a resort they don't intend to stay at (if you like the resort the extra years are a great deal, even if you are old enough that you likely won't get use out of it) so they can pass it on to children who are only going to sell it. The longer years, if you are going to use them, seem like an important decision criteria. The longer years so you can pass them along to someone else, that seem like a minor decision criteria to me.

this is the wonderful thing about life....everyone has their own opinion. I don't plan on passing it to my children because I will be ONLY 79 in 2054 and hopefully still loving disney.

In addition, so far I have had no problem staying exactly where I want to ( I've only been a member for a year though, and have booked trips at 5 of the different DVC properties.)

 

[jade1]

I think you misunderstood the intention of my post. You were asking the rhetorical question about which contract is easier to sell: BCV or SSR. But when you ask that you need to consider that Disney is currently selling SSR contracts as new with a very nice incentive discount ($94 per point). Since when you buy with Disney you don't have to pay closing costs, don't have to wait for ROFR, can make reservations immediately upon downpayment, and as an unsold resort you don't have to go on a waiting list for points, then resale contracts are going to be less advantageous than the Disney-sold article.

But once SSR sells out this year and Disney jacks up prices for the newer resorts that are only open 6 more years (vs 18 years for older resorts), then I suspect we'll see that 2042 vs. 2054+ expiration come into play. I gave it two years simply because it allows some settling of the initial sale market.

And in 10 years time, we will probably see the 2042 resorts having a harder time selling simply due to that early expiration date, location be damned.

If you want a comparison just look at the OKW 2042 vs OKW 2054 market.

The crazy thing here is that Disney ever sold BCV with a 2042 contract. IIRC it was selling back in '00-'02. So that means it only had a 40 year contract to begin with. If I had purchased back then, I woulda been hopping mad when SSR rolled around a couple years later with a lot more years.

I did ask that question, and currently it is BCV-meaning even with 12 fewer years, it is worth more money. Future quesswork is just that.

As for the OKW extension-they could add that at BCV as well-then they all have the same end date and one will continue to be worth a lot more than the others.

I understand that "some day" there has to be a crossover of BCV and SSR for example ("IF" they dont add on 12 more years at BCV like at OKW), but that's only if you hang on to these contracts that long (and I know many people will, but many people wont). But I heard the "buy at SSR for 12 extra years argument 3 years ago" and it's still reselling for far less. There are 80 SSR resales today compared to 6 BCV-and BCV averages about $10 per point more. I am just saying "currently" the 12 extra years are not helping the value of SSR when compared to BCV, and the OP should be looking at every angle when buying in. Therefore there is currently a good "financial" reason to own BCV IMO over SSR, and what if they do extend BCV for 12 more years like SSR-what will the OP say then?

As for your analogy of buying BCV back in 2001 for only 40 years and being hopping mad about SSR having more. Let's look at that wonderfull example and only from a "financial" standpoint. I bought BCV when it opened for $60 a point. Actually $70 per point and included the first years points which I rented for $10-equivalent to Magical Beginings they sometimes offer-so $60 per point. Even with less years it's still worth $90 plus per point, an increase in value of over $30 per point in 7 years. That gives us extra money to use towards a possible 12 year add on if wanted, or we could sell and get all of our initial buy in and dues paid to date back-meaning all the trips we took where for free, or we could sell at a high profit and purchase at AKV (not) or KTR, or a new DVCIII. And that's just financial-We have no interest in staying at SSR with all BCV has to offer in comparison, especially location, and enjoy the 11 month priority. But if we want, we can stay any time at SSR, SSR cannot stay at BCV anytime they want.

No, I would be hopping mad I missed out.

 

[sandals1959]

I apologize (as I am still earning my ears) if this is a redundant question. If someone were to buy at OKW now, do they still have the option of getting the extra year that Disney recently offered; or has that ship sailed?

 

[AKV707]

I apologize (as I am still earning my ears) if this is a redundant question. If someone were to buy at OKW now, do they still have the option of getting the extra year that Disney recently offered; or has that ship sailed?

If you buy direct from DVC, you will automatically get the 2057 expiration. I believe that if you buy resale, you will now have to pay $25 per point to get the extension as I think the $15 per point deal has ended. I could be incorrect, though.

 

[WALTSAGOD]

Sure, but why should someone buy a resort they don't intend to stay at (if you like the resort the extra years are a great deal, even if you are old enough that you likely won't get use out of it)


so they can pass it on to children who are only going to sell it.

Uhhh,...why do the kids have to sell it rather than enjoy it?

 

[Melrosgirl]

Yes there will come a point (I'm guessing in about 5 to ten years) that the 2042 contracts will be worth far less. They'd have to be.

We're considering selling BCV now bc at the prices we initially paid for them in 2002, we could sell and even after commissions, etc., we'd basically get our entire investment back less some dues. So we figure the $5000 we paid in dues paid for our 11 week long vacations. Far worth it. Still pondering it. We'd still go to WDW if we sold, but maybe every other year or two. The only think holding me back is the "do I want to leave a contract or two for my kids when they are older"...but then you have to consider them having to pay dues, etc., etc., etc.

 

[crisi]

Uhhh,...why do the kids have to sell it rather than enjoy it?

To enjoy it they need to

1) want to go to WDW on a regular basis (or want to use it to trade out)
2) be able to afford it
3) When they go to WDW, want to stay DVC

They may not want any of this.

Moreover, I have two children and one contract. I've seen a lot of families not handle inheritance well - particularly when it comes to long term sharing of an asset. Don't want to give my kids the battle point. I know other people (probably who have older kids and are older than I am) who bought enough DVC contracts to be able to evenly leave them to children, which is great if that is what is important to you. I can't imagine making a decision based off leaving it to my children.

Now, if I were young enough to use the extra twelve years, they might be tempting. But leaving them to my kids is somewhat of a negative to me. Its an asset my estate needs to get rid of.

I think I'll outlive my DVC - if genetics are any indication (my DH is unlikely to)....I may even be healthy enough where I decide to take a few Disney trips on cash. But we will see. There are a lot of ifs there - another big one for me is if Disney holds its value. I'm not sure I'll own for another five years - we may yet decide to sell as the kids reach high school and college. I'm part of the contingent that doesn't think WDW is what it was.

I also have to say, I PREFER Deluxe resorts to DVC. DVC is great for us at this point because we aren't packing four of us into a hotel room - it also appeals to my frugal nature. I wouldn't stay DVC if it were just my husband and I. I like daily maid service. I think the regular rooms are much nicer. So for me, a longer term ownership means I might get more when I sell it, but since we are getting our ROI on it with this trip - that isn't a huge deal - I didn't buy it as an investment.

 

[jade1]

Yes there will come a point (I'm guessing in about 5 to ten years) that the 2042 contracts will be worth far less. They'd have to be.

We're considering selling BCV now bc at the prices we initially paid for them in 2002, we could sell and even after commissions, etc., we'd basically get our entire investment back less some dues. So we figure the $5000 we paid in dues paid for our 11 week long vacations. Far worth it. Still pondering it. We'd still go to WDW if we sold, but maybe every other year or two. The only think holding me back is the "do I want to leave a contract or two for my kids when they are older"...but then you have to consider them having to pay dues, etc., etc., etc.

I agree, UNLESS they offer extensions at the other 2042 resorts-then you may wish you kept it. Sounds like you have made a very wise purchase from the start, and now are in a very good position with great options.