What are your personal long range DVC plans?

[spiceycat]

I have 240 at OKW - 190 +25, 50 at BWV - 2 - 25, at VWL 60

so I have 350 points.

I still love going to Disney and staying at DVC.

but lately with Spicey being so old. I am staying offsite more than on. there is a timeshare that accepts pets. So I have been staying there alot....

After Spicey is gone - I just don't know. I think I will kept it for my brother family - not to mention me. but I just don't know. I will probably lose both Spicey, who is 20 - soon to be 21 in May, and mother who is 84, going to be 85 in Oct.... in the next few years if not sooner.

I brought DVC in the first place for my nephew (who will be 18 this year) and my mother - who won't for years stay in a value resort until I forced her to do it....

my nephew thinks that Disney is old hat - and besides he might not go to college - wants to play professional baseball NOW. and Yes he is that good - one of the top 100 in the US. this year the coach think he will be in the top 25....

Mother will probably be dead...so will Spicey...

I just don't know if WDW will be as great a place without them.

that leaves just my niece and my brother well we fight.... He wants his way - hey it is my dollar I want my way some of the time...

Anyway here is hoping that everyone gets what they want....

I would probably give up the 190 at OKW first... kept the 50 and BWV and VWL....(I can rent them pretty easily) - although it was more fun to stay in them than rent them....

 

[crisi]

Spicey,

Sorry to hear about Spicey and your mother.

As to the rest,

We haven't made long term plans, more ideas really. Sometimes I think we will own DVC until it expires, using it to golf in retirement. Sometimes I think we will sell it about the time the kids go to college - about 12 more years. Sometimes I think we will sell it before then, if the kids get bored.

I enjoy Disney, but I don't have the true Disney addiction of others here. And I hate Florida. I can't imagine spending more than a week every other year there. We have 150 points, which has been adequate, and for bringing guests will rent the rest we need.

I have no desire to hang onto it for my kids. I hope my kids are twenty years or more away from providing me with grandchildren (my daughter learned to tie her shoes yesterday!) and I wouldn't want to burden them with my choices. I don't expect annual Disney vacations to be affordable for them until they are in their 30s, and the dues are a lot.

 

[Deemarch]

DH & I bought at age 50 and will continue to go to WDW till we can't walk! Hey, they have those motorized carts, right? Okay, till we can't drive a motorized cart! Hey, they have wheelchairs, right? Then till our kids & grandkids are too old to push us around WDW?

 

[DrTomorrow]

No plans to sell. We have 300 points @ SSR and have no problems using them up. Between just-the-two-of-us-in-a-1BR trips, trips with DS 25, trips with friends and future trips with eventual DDIL & DGC, we figure our points won't be wasted. We don't even see DVC "getting old", as that was one of the reasons we chose SSR - it is a spread-out resort we'd enjoy even if it weren't at WDW, and there is so much to do in Orlando that we haven't even scratched the surface.

However, I am a firm believer that planning that far (10-12 years or more) into the future is pretty much a futile effort. I'm not so sure about 'God laughing', but things change in unpredictable ways. 3 years ago (when we bought into DVC) I was a software engineer, DW commuted to her EDS office and we lived in Michigan. Now I'm going to be a high school math teacher, DW works out of our home office and we live in sunny Phoenix - no way we could've seen that coming! An interesting exercise: (honestly) ask yourself if 10 to 15 years ago you could have predicted that your life would be what it is right now.

What I do know is that we will definitely be better off having owned DVC than not.

 

[diznyfanatic]

Spicey - I'm sorry too about Spicey and your mom. It's so hard to deal with loss, and we can never be totally prepared for it, even when we know it's going to happen.

Tony - You will be living my dream but I'll have to live it vicariously through you as there is no possible way I could ever own 5,000 points. It sure would be what I'd do if I hit the lottery though!

DrT - I agree with just about everything you said, but the planner and dreamer in me refuses to give in. Your last sentence couldn't have summed it up any better for me either.

Keep the responses coming. I've really enjoyed reading them!

 

[spiceycat]

thanks Crisi and diznyfanatic - so if I one day disappear - you will know why...

Mother is still doing pretty fine - but she can't remember what she did 5 minutes ago and if you bother her she can't remember what she is doing now....

She only drives to the grocery store and drug store....

any other places she ask me to take her.

Spicey has almost quit eating....

So I guess I am lucky both are still functioning.....and enjoying life....

thanks again!!!

 

[tomerin]

we now have a 175 point contract at SSR. i would like to soon add another 175 points so we could stay at least 2 weeks a year at any given resort at any time. we like longer stays. we do plan on keeping our dvc contract for as long as we can travel to the world. then we will give it to the kids to share

 

[FlyingfreeWDW]

we now have a 175 point contract at SSR. i would like to soon add another 175 points so we could stay at least 2 weeks a year at any given resort at any time. we like longer stays. we do plan on keeping our dvc contract for as long as we can travel to the world. then we will give it to the kids to share

Let me start by saying that this isn't directed just at you. People really miss some key points with this so I'll use your post as an example. Lets say you plan to leave your DVC to the kids. Your current dues are about $4.00 per point now. I'll increase those dues an average of 3% per year which is very likely and about what we've seen.

Here are the numbers starting next year assuming 4.00 now. 4.12,4.24,4.37,4.50,4.63,4.77,4.91,5.05,5.20,5.36,5.52,5.68,5.85,6.03,6.21,6.40,6.59,6.79,6.99,7.20. This brings us 2o years from now. $7.20 times 350 points equals $2520. You just left your kids with a $2520 a year bill. This must be factored in for those of you planning on keeping your DVC and passing it on. Some of you might say, "well, they could sell it if they don't want it." That is true but 20 years from now those BCV,BWV,VWL,VB, OKW points won't be worth much at all. SSR will likely be selling for far less as well. Besides selling it is work and just another headache to deal with.

Really think about this stuff if you plan to hold your DVC for the duration and pass it on. You may be passing on something your kids will not be able to afford or want. Dues will be a heavy burden for those carrying it 20 years or more from now. Just think about those SSR dues 40-50 years from now. My DVC will be long sold by then.

 

[ryley26]

WE also plan on taking our grandchildren god willing and watching WDW thruogh there eyes.

 

[nicky mouse]

Here are the numbers starting next year assuming 4.00 now. 4.12,4.24,4.37,4.50,4.63,4.77,4.91,5.05,5.20,5.36,5.52,5.68,5.85,6.03,6.21,6.40,6.59,6.79,6.99,7.20. This brings us 2o years from now. $7.20 times 350 points equals $2520. You just left your kids with a $2520 a year bill. This must be factored in for those of you planning on keeping your DVC and passing it on. Some of you might say, "well, they could sell it if they don't want it." That is true but 20 years from now those BCV,BWV,VWL,VB, OKW points won't be worth much at all. SSR will likely be selling for far less as well. Besides selling it is work and just another headache to deal with.

Inflation is also likely to go up as time goes on. So, $2520 might not be much more of a burden 20 years from now than $700 is today.

 

[Poohs Pal]

ADD on ADD on and ADD ON . Visiting Vero Beach and BWV next week so if i'm really impressed I will add on, if not i'll buy more SSR points as the rest of the family were really impressed with SSR in December. I also plan to spend many years visiting with Dgrandson and taking my DN and her twin girls. Dnephew just found thier expecting so more little one's to share my favorite place with . Susan

 

[crisi]

Inflation is also likely to go up as time goes on. So, $2520 might not be much more of a burden 20 years from now than $700 is today.

You are very right, but I was in my 30s before $700 in dues was something that I would have been willing to pay for vacation. In other words, its a burden to someone starting out. I don't think either of my kids (who are in elementary school now) will get out of college and have sufficient disposable income for regular Disney trips. I sure didn't.

 

[DrTomorrow]

You are very right, but I was in my 30s before $700 in dues was something that I would have been willing to pay for vacation. In other words, its a burden to someone starting out. I don't think either of my kids (who are in elementary school now) will get out of college and have sufficient disposable income for regular Disney trips. I sure didn't.

Again, it's all situationally dependent. Our DS is 25; by the time MrsT and I are pushing up daisies, I'm fairly certain he'll easily bear that 'burden'.

 

[DrTomorrow]

[...] I'll increase those dues an average of 3% per year which is very likely and about what we've seen.

Here are the numbers starting next year assuming 4.00 now. 4.12,4.24,4.37,4.50,4.63,4.77,4.91,5.05,5.20,5.36,5.52,5.68,5.85,6.03,6.21,6.40,6.59,6.79,6.99,7.20. This brings us 2o years from now. $7.20 times 350 points equals $2520. You just left your kids with a $2520 a year bill. This must be factored in for those of you planning on keeping your DVC and passing it on. Some of you might say, "well, they could sell it if they don't want it." That is true but 20 years from now those BCV,BWV,VWL,VB, OKW points won't be worth much at all. SSR will likely be selling for far less as well. Besides selling it is work and just another headache to deal with.

Really think about this stuff if you plan to hold your DVC for the duration and pass it on. You may be passing on something your kids will not be able to afford or want. Dues will be a heavy burden for those carrying it 20 years or more from now. Just think about those SSR dues 40-50 years from now. My DVC will be long sold by then.

Weak, FfWDW, very weak. Yes, let's show how one figure (annual MF) increases over time, but conveniently NOT show other important and related values will increase, such as the cost of lodging at WDW and average household income. It is entirely possible that WDW lodging costs could increase at 4% per year - then the DVC ownership passed on to heirs would be a positive asset. If you're going to make data-based claims, at least do the rest of us the intellectual courtesy of showing ALL of the data....

 

[bpmorley]

we have 270 at SSR. We have no children at this time, so we're gonna be in WDW at least once a year. The rest of the points will either be rented or given to family. There may be a child on the way, so these plans may change soon. We have talked, and we'll at least keep our DVC for 20 years.

 

[Laurajean1014]

We have no plans to sell our contracts/points. We expect to keep them until we are tired of travelling and then give them to our son.

This year - here now and then again in December
Next year - Hawaii
2008 - Med Cruise
2009 - 3 trips to WDW
2010 - ???

 

[FlyingfreeWDW]

Weak, FfWDW, very weak. Yes, let's show how one figure (annual MF) increases over time, but conveniently NOT show other important and related values will increase, such as the cost of lodging at WDW and average household income. It is entirely possible that WDW lodging costs could increase at 4% per year - then the DVC ownership passed on to heirs would be a positive asset. If you're going to make data-based claims, at least do the rest of us the intellectual courtesy of showing ALL of the data....

DoctorT with all due respect. My post, "weak", or not was merely to show the liability side of passing down a DVC contract. I see no reason to even discuss rising lodging costs in my post? That has no bearing on the fact that the DVC contract people pass on has a liability aspect to it. I'm simply choosing to pass on assets not liabilities. Hopefully someone out there reads my post and rethinks there long term goals with DVC. That is the reason for my post. To spur some thought about this.

Let me ask you this since you seem like a bright guy: Even if one decided to keep DVC for the duration, how could anyone justify simply holding there current contract until the end? Wouldn't we all be better off selling our current contract down the line when resale values were still high and buying the newest DVC Resort? At that point you would have a new 50 year contract and lower dues. It seems like a no brainer to me. This would even be more appealing if one owned a large property like SSR or OKW. Those resorts can be had at 7 months anytime so owning there has no real value from a booking priority standpoint. I'd like to hear your thoughts on this as well as others. Even if I change my mind and decide to keep DVC it won't be this contract at SSR. I'll sell 10 - 15 years from now and buy the newest offering if I choose to hold DVC.

Thanks for your well thought out and bright posts. You always make for an interesting read.

 

[DrTomorrow]

DoctorT with all due respect. My post, "weak", or not was merely to show the liability side of passing down a DVC contract. I see no reason to even discuss rising lodging costs in my post? That has no bearing on the fact that the DVC contract people pass on has a liability aspect to it. I'm simply choosing to pass on assets not liabilities. Hopefully someone out there reads my post and rethinks there long term goals with DVC. That is the reason for my post. To spur some thought about this.
You are correct about the liability; my only point is that there is potentially an asset component as well. If WDW lodging prices increase faster than MF (and rental rates eventually exceed $10/point ) then it should be possible to rent out points at a net profit. An analogy: If I leave my DS $1,000,000 when I die, I'm leaving him with a terrible tax liability; I'm willing to be, however, that he wouldn't mind....

Let me ask you this since you seem like a bright guy: Even if one decided to keep DVC for the duration, how could anyone justify simply holding there current contract until the end? Wouldn't we all be better off selling our current contract down the line when resale values were still high and buying the newest DVC Resort? At that point you would have a new 50 year contract and lower dues. It seems like a no brainer to me. This would even be more appealing if one owned a large property like SSR or OKW. Those resorts can be had at 7 months anytime so owning there has no real value from a booking priority standpoint. I'd like to hear your thoughts on this as well as others. Even if I change my mind and decide to keep DVC it won't be this contract at SSR. I'll sell 10 - 15 years from now and buy the newest offering if I choose to hold DVC. To be honest, I can't tell right now. What if DVC offers some spectacular discount to current owners on new properties that exceeded what you sold for 5 years earlier? Also, I see no basis for the assumption that MF on a new resort would be significantly cheaper than one that is closing in a few years. Also, if we "all" started selling our DVC ownership, resale values wouldn't stay high for very long.

Thanks for your well thought out and bright posts. You always make for an interesting read.

Which, in the end, is one of my main goals. That, and to impart a little knowledge and a little (some say very little) humor into an oftimes dreary world.

 

[LisaS]

Here are the numbers starting next year assuming 4.00 now. 4.12,4.24,4.37,4.50,4.63,4.77,4.91,5.05,5.20,5.36,5.52,5.68,5.85,6.03,6.21,6.40,6.59,6.79,6.99,7.20. This brings us 2o years from now. $7.20 times 350 points equals $2520. You just left your kids with a $2520 a year bill.

On the other hand, if the points are gifted to them then their only liability at that point is the dues. Renting at a 20-year projected price of $10/point leaves them a pre-tax profit of $2.80/point, or $980/year -- enough money for a tank of gas and maybe a pizza in 2026!

 

[dizfanz]

Do I cook up some steaks or go to Flying Fish tonight instead? Sorry, that's about as far in advance as I plan thanks to 36 more years of DVC.