Too expensive for points too far into the future and simply done poorly. No one knows if they'll offer an extension, I certainly wouldn't buy assuming they will. Even if they do, it's unlikely to be cheap enough to justify the extension if the OKW experience is at all predictive.
BCV didn't open until 2002. It would only be 33 years old in 2035. I agree... it would be much easier making the decision closer to the end of the contract.
Ahh... 1977 was a very good year, yes?
Obviously, I am the same age as you. And as a BWV owner, I to will be selling before 2042. I will not be entertaining any extension.
True, but no one knows if the option will be available, and if it is, whether it'll be reasonable. It's unlikely that it will be financially feasible to try to sell any of the resorts for just 15 years or so as that time draws near. I actually think DVC would have been better off just putting it up for vote to extend for the extra 15 years and doing so for free. Even for free, their still getting a significant benefit is sales of other resorts and reduced fees at existing resorts. Assuming they get say 50% of OKW resold, their options are pretty limited as to what to do with the resort in 2042. I doubt they'll be able to rent it for sufficient villas and $$ to make that feasible, esp given they're already trying to rent club villas there and other resorts as well. Most likely they'd just close down part of the resort at places like OKW but that will result in higher fees due to the lower denominator.
In a sense yes, however, there is an underlying inherent value of an extended resort, just unlikely to be enough to make up the cost of the extension based on the OKW experience. I would estimate that inherent value to be in the $5 pp range up to a max of around $8 pp.
