More like leaseholds in Florida by law have to have 40 years minimum - This is one of the reasons why CCV is different than BRV and yet VGF 2 is the same.
Sure, but even still, they could have kept a number of resorts all on say, 2058 or 2060 for a period of time like the first few resorts. They haven't done that since moving past 2042 expiration.
Yes, they can do whatever they want. However, they're not likely to want to extend any of the current condominium associations when they can make a lot more money by letting those associations end per contract, then renovating and remodeling the buildings to bring them up to whatever the standards are for timeshare villas at WDW at the time and then selling points for the new condo associations. They did extend OKW but legally that's a mess, so doubtful they want to repeat it. And they don't have to sell VB or HHI, but speculation is that they will sell them because they don't want to operate timeshare resorts away from their parks anymore.
Also a true extension would keep the O14 as is, meaning unrestricted amongst themselves. And there is no way they do that.
It would depend on the terms of the extension offer (DVD could make resale owners pay more than direct, for instance) - but I wouldn't spend much time worrying about it, given that the likelihood of an extension of any of the 2042 resorts is pretty much nil. Too much money to be made by letting the 2042 resorts expire, renovate them, and sell as new, with much higher points charts.
Except for WDW - guests will be 10 minutes to the beach in almost every direction
Also, that little issue of the land lease being all or nothing.
That's true. The financial side might be a little easier to understand and accept, though!
