Villas At Disney Institute?

[tom in ct.]

Does anyone think that the institute will end later than 2042? And does anyone think that the PPN will be comprible to OKW or more like BW and BCV?

 

[larry_poppins]

Just my opinion. The points will be similar to Beach Club and Wilderness Lodge. It will be billed as a very upscale resort with access to the Spa and a lakeside view of Downtown Disney.
I think there is a good possibility that the end date may extend past 2042, particularly if sales are slow.

Just my 2 cents,

Larry Poppins

 

[Caskbill]

I think it depends a lot on how sales at BCV's go. Let's say that all the current DVC properties sell out by the time the Institute opens. They could then easily make that a new 50 year resort which would help sales.

But, if the other DVC properties still have a lot left, then they would wind up competing against themselves. Would a new member rather buy a 38 year contract at BCV, or a 50 year contract at the Institute?

I'm sure they're looking at all the options. One big question would be that if they went to a new 50 year contract, would that be a DVC II resort that the original DVC member resorts could not trade into? Or would 'cross' trading be allowed? This is always a fun discussion and always pure speculation. Only time will tell what DVC management finally comes up with.

 

[lovewdw13]

No one knows but the higher ups. Disney Institute will not begin selling until BCV are sold out. And then it will most likely be on a presale. What does that mean for that contract? My guess is that they'll extend the number of years for the Institute. If they don't, then it makes sense to do it with the Eagle Pines project. There's my 5 cents.
Benedetta
DVC Member and Cast Member

 

[Muushka]

would that be a DVC II resort that the original DVC member resorts could not trade into? Or would 'cross' trading be allowed?

Assuming points are about the same as the current 38 year DVCI, I just wonder why people think that DVD would create a new DVC that so many people (DVCI) would not be able to use? Especially if the point structure was comparable.

It seems to me that it would behoove (oooh, I never wrote that word before- hope I spelled it right!) DVD for us to give up our rooms on site (BWV, VWL, BCV) to trade to offsite, making the new DVC's more desirable for sales.

In other words, when they sell the new DVC, they would be able to say that if people purchase at the new, they can trade into on site properties.

Does this make sense or am I all wet??

 

[Richyams]

I think Muushka is absolutely correct.

Of course and DVCII would have to be able to trade into the current resorts and vice versa. I don't even understand the speculation that this might not be true.

I think that an extension is possible for current resorts.

 

[Dean]

I don't see why there's even talk of a DVC II. There's ABSOLUTELY no reason that a resort can't be added to the current DVC system even if it has a different ending date. The current references in the POS to DVC ending on 31 Jan, 2042 (bascially 40 years) is in reference to when the resorts end. There's even a provision for extending the current DVC resorts. My guess is that DI will have the same ending date and then IF EP Happens in it's present Large format, it will have a differnt ending year. Certainly if there is already a resort planned that will have a differnt ending year, might as well make all new resorts the longer time AND charge higher prices.

Lets assume BCV sales stay fairly good at $80 pp, DVD might as well sell DI at the 2042 ending date. Assuming DI sells out at $85 pp. EP on the other hand will be late enough that the remaining life will affect sales. The pitch goes something like this:

buy the NEW DVC resort EP at $100 pp with a new ending date of 2055 (or 50 years from start of sales). Trade into any of the current DVC resorts until 2042.

They could then offer a 13 year extension to the current DVC owners at $20 pp if it appears enough people will take advantage of it.

 

[Bennet]

I don't think they will change the end date any time soon.

The net present value of a 1$ 40 years out isn't much different than 30 years out.

 

[sgtpet]

I agree with Dean. DVC II is a fantasy on this board. I don't even fell it is worthy of conversation since this is as likely as an asteriod destroying earth during the life of DVC.

 

[Lesley]

Hmm.....as far as any extended time period on DVC or a DVCII...I think its more a matter of what point the new DVC owners will be looking for something that goes beyond 2042. Having joined in 2000 in my late 20's I knew that we'd have our points until we're fairly aged, though I certainly plan to still be around afterward...I'll be turning 70 in 2042. But to new owners in the next few years who are in their 20's....do they really want to put that much money into something that will be gone before they even retire? I think it all lies with the younger folks. Maybe they won't care. I know I would.

I know that many purchasers of DVC are much older and may not even plan on being around to see the end of DVC, but it seems to me that once younger folks are the main ones joining (as they get older) things will have to change to sustain sales.

Anyone know the average age of current DVC members? Or the average age of new members throughout the history of DVC? Just curious... I think its something to consider.

 

[PamOKW]

Anyone know the average age of current DVC members? Or the average age of new members throughout the history of DVC? Just curious... I think its something to consider.

Only DVC knows for sure....but awhile back we were trying to figure out whether OKW was inhabited by crotchety old people. The numbers worked out to the majority of DVC folks who post here being in their 30's and 40's with some in their 20's and a growing number in their 50's and up. Of course, OKW has been around for 10 years so those who purchased in their 30's and 40's are now in their 40's and 50's. VWL was coming in with the most purchasers in their 20's but the majority still in the 30-40's range.

 

[MdmMim]

Regarding the age of DVC owners, I was quite surprised at the annual BWV meeting last year. I looked around the room and saw the most of the people in attendance appeared to be in their 60's or above. There were some younger (20/30-ish), but I would say the majority were well above that, including me.

 

[ralphd]

Agree with Dean. Think EP may be the first resort with a new ending date. The new resorts can (and probably will) be part of the existing DVC. There is no requirement for a DVCII for the different ending date.
Also agree they will probably offer an extension to the existing contracts.

ralphd

 

[CarolMN]

Originally posted by MdmMim
Regarding the age of DVC owners, I was quite surprised at the annual BWV meeting last year. I looked around the room and saw the most of the people in attendance appeared to be in their 60's or above. There were some younger (20/30-ish), but I would say the majority were well above that, including me.

IMHO, the age of the people attending the annual meeting is probably more related to the time of year (first week in December) than the average age of DVC members. Most who have school age children do not travel during this time. JMHO. YMMV.