What happens when the membership expires?

[Crew-JTA]

So, I know the resorts that expire in 2042 are less expensive per point (looking at resale), but what happens when 2042 rolls around? Is it worth it to get one of the newer resorts instead?

Tamara

 

[Dean]

So, I know the resorts that expire in 2042 are less expensive per point (looking at resale), but what happens when 2042 rolls around? Is it worth it to get one of the newer resorts instead?

Tamara

Once they expire, 31 Jan, 2042 for some, those members and resorts cease to be part of the club. Disney can do as they wish with those resorts and DVC members in general will have no right to access. As to the value of an expiring resort, it depends. From a $$ standpoint it's simply a mathematical comparison to other resorts. OKW is likely the best example where an extension has been offered and accepted (by a few). They will be required to keep all, or at least a portion, of the resort open until 2057. Those owners who signed their rights over to DVD for 2042 and beyond, will cease to be a member of the Club then. While there are fewer OKW 2057 contracts for sale than 2042, the price difference is unlikely to hold up to the cost of the extension. Ultimately I'd say decide what resorts you prefer to own at, how you'll use the club and what your tolerance is for having to stay at the resort you own most trips. That exercise should help you figure out the best value that will fit your needs and comfort level. So far the shorter remaining term has not made those resorts a value compared to other choices. comparing SSR to OKW 2042, SSR seems to be a better value simply for points and club access in that the price difference isn't that great. If you think of it in terms of an extension, the difference of 2054 for SSR and 2042 for OKW is around $5 a point (less if you try) and the OKW extension was $15 a point at it's cheapest to get to 2057.

 

[CMOORE185]

I have never worried about the expiration issue because in 2042 I will be 81 and I have no idea if my children will want it.

 

[WsPrincess]

I am not worrying. We will be in our 60s when our contract expires and if as the expiration date gets closer we know we still want to be members, we will buy another contract with a later end date. I have trouble planning 5 years out so for me, I need to get a little closer to the end to be able to make a decision

 

[Deb & Bill]

If I am still alive, I will be looking at my 92nd birthday a few months later. Unless they DO turn OKW into retirement village, I won't be worrying about it.

 

[DougEMG]

I'm not worried about the end date, I'll by 80+ when OKW & BWV end and if I'm still able to go I'll hobble around SSR.

If I last till SSR expires, it will be all good.

 

[Dean]

I am always amused when people say they don't care (not worried) about the end, it's kind of like saying you aren't worried if you lose a few points here and there. I wonder how many of those would say the same about their home or any other investment. The reality is that there will be some inherent value (or lack of) based on the situations involved in such a discussion. that value is likely to be somewhere in the $5-15 a point range depending on specifics (extensions, how they handle the last 2-3 years, etc) but it could be even more.

 

[SpaceMountain77]

While this post may seem morbid, I do believe it is important to be realistic.

I think one must consider both his/her own "end date" as well as the contract end date. In other words, how old will you be when the contract expires? If one is going to be in their 70s-90s when the 2042 contract expires, then I do not see a concern with the contract expiration. Moreover, unless you are planning to leave it to your children or grandchildren, it is not an issue. For me, I bought a shorter contract because I do not have a family member who would want it.

Actually, the Bay Lake Tower contract end date amuses me. In 2060, I will be well into my 80s and Disney's Contemporary Resort will be 89 years old! How "contemporary" do you think that resort will be after 89 years? It may very well become Disney's Retro Resort

 

[Caren90]

I will be "pushing up daisies" at the EPCOT Flower and Garden show when my contracts expire.

Stephen

 

[Crew-JTA]

Ok. I love all these "morbid" posts! I hope I'm not "pushing up daisies" by the end of the contract, since I'll only be in my late 60s, but I can't think of a better place than EPCOT! But seriously, it seems that I'll have to weigh the benefit of an initially less expensive contract at a resort that I really want with the 11 month advantage, with the initially higher expense of "property" with a longer shelf life that you still pay for every year in dues/taxes. Whew! Such good problems to have
Thank you, friends, for all your help.

 

[CMOORE185]

I am always amused when people say they don't care (not worried) about the end, it's kind of like saying you aren't worried if you lose a few points here and there. I wonder how many of those would say the same about their home or any other investment. The reality is that there will be some inherent value (or lack of) based on the situations involved in such a discussion. that value is likely to be somewhere in the $5-15 a point range depending on specifics (extensions, how they handle the last 2-3 years, etc) but it could be even more.

I am glad you find it amusing, but I am actually glad for the expiration date. In 2042, if they didn't expire, these DVC timeshares could be an albatross on the owners, high MF's and unsellable. I don't want to be in my eighties trying to dump a timeshare I don't even use anymore and am paying high MF's for.

 

[Dean]

I am glad you find it amusing, but I am actually glad for the expiration date. In 2042, if they didn't expire, these DVC timeshares could be an albatross on the owners, high MF's and unsellable. I don't want to be in my eighties trying to dump a timeshare I don't even use anymore and am paying high MF's for.

Charles, it's the "I'll be old or gone so I don't care" that I refer to. Apparently you care but don't think DVC would have value enough to justify the risk to those following after. That's a valid position.

 

[DougEMG]

I am always amused when people say they don't care (not worried) about the end, it's kind of like saying you aren't worried if you lose a few points here and there. I wonder how many of those would say the same about their home or any other investment. The reality is that there will be some inherent value (or lack of) based on the situations involved in such a discussion. that value is likely to be somewhere in the $5-15 a point range depending on specifics (extensions, how they handle the last 2-3 years, etc) but it could be even more.

I "don't care" because while there should probably be some value left in the contract it won't do me any good. I bought SSR fully expecting not to be able to use the contract all the way to its end date.

 

[dianeschlicht]

I am not worrying. We will be in our 60s when our contract expires and if as the expiration date gets closer we know we still want to be members, we will buy another contract with a later end date. I have trouble planning 5 years out so for me, I need to get a little closer to the end to be able to make a decision

Start worrying! We are in our 60's and nowhere near wanting to give up our DVC yet! Actually, we'll be in our mid 90's (God willing) when 2042 rolls around, so we aren't worried about it.

 

[Dean]

I "don't care" because while there should probably be some value left in the contract it won't do me any good. I bought SSR fully expecting not to be able to use the contract all the way to its end date.

I can see the view and think it's very common, but why post if you feel that way unless you simply want to denigrate those who do want to discuss it. In addition, why be passionate about DVC now and "not care" later.

 

[ELMC]

I can see the view and think it's very common, but why post if you feel that way unless you simply want to denigrate those who do want to discuss it. In addition, why be passionate about DVC now and "not care" later.

I don't think Doug's intention was to be disrespectful of anyone who wanted to discuss this issue. The fact is, there are a lot of people who love the fact that the contracts expire. They know this going in and accept that at some point their relationship with DVC will come to an end. Perhaps some are being a little flip, but I don't think there's anything malicious about their comments.

 

[DougEMG]

I can see the view and think it's very common, but why post if you feel that way unless you simply want to denigrate those who do want to discuss it. In addition, why be passionate about DVC now and "not care" later.

Well my first post was meant to be amusing about why I'm not very concerned about the end date. My 2nd post was in response to you finding it amusing that some people didn't care about that and implied they were throwing money away. If I was 20 years younger, end dates would matter more to me.

I certainly didn't think I was denigrating anyone who was worried about the end date. If I was, you have my apology.

 

[Dean]

Well my first post was meant to be amusing about why I'm not very concerned about the end date. My 2nd post was in response to you finding it amusing that some people didn't care about that and implied they were throwing money away. If I was 20 years younger, end dates would matter more to me.

I certainly didn't think I was denigrating anyone who was worried about the end date. If I was, you have my apology.

Intended or not, that's the way it comes across.

 

[DougEMG]

So, I know the resorts that expire in 2042 are less expensive per point (looking at resale), but what happens when 2042 rolls around? Is it worth it to get one of the newer resorts instead?

Tamara

When the contract ends, so to does you membership.

The value of longer end date contracts really has two separate parts. (1) how long you want to use the membership for or if you want to pass it on to any children and (2) the resale value of the contract (longer contracts should be worth more). So worth is really in the eye of the beholder.

Currently the best bang for you buck is SSR in terms of price verses years left on the contract.

My daughter prefers me to buy SSR as she figures she's going to get those points when I can't use them any more.

BWV I bought because I want to stay there, so contract length wasn't an issue.

 

[Dean]

I don't think Doug's intention was to be disrespectful of anyone who wanted to discuss this issue. The fact is, there are a lot of people who love the fact that the contracts expire. They know this going in and accept that at some point their relationship with DVC will come to an end. Perhaps some are being a little flip, but I don't think there's anything malicious about their comments.

As I said before, having the opinion that an expiring timeshare is a good thing is a valid point in the discussion and one that's reasonable to be shared. I personally hope and expect DVC to have some value late but we'll see. To a degree, any long term purchase is a gamble and that's especially true for timeshares. In general though the fact that DVC has a RTU expiration is considered a negative in the rest of the timeshare world.