- Joined
- Dec 11, 2006
- Messages
- 27,810
The current prices are a result of many factors. The problems that hit the housing market hit the DVC also. Owners were over extended hoping that life would be wonderful forever. Unfortunately reality hit when a family member lost their job or the interest on their home loan adjusted to a level that they could no longer afford.
It's hard to justify vacations and ownership in the DVC when you are about to be foreclosed on. Many Members just want to get rid of their Membership interest at any price before the next payment is due, or God forbid, before Dues are due next January.
When supply exceeds demand, the prices are going to drop.
It's hard to justify vacations and ownership in the DVC when you are about to be foreclosed on. Many Members just want to get rid of their Membership interest at any price before the next payment is due, or God forbid, before Dues are due next January.
When supply exceeds demand, the prices are going to drop.
