What will happen in 2042?

[DisDaydreamer]

Please don't feel bad or apologize for asking this question again.

It is a valid question that interests many folks (including folks that are not on this board religiously and probably did not read a similar thread weeks (even months or days) ago nor have mastered the art of refining the searchs on the DIS--which can be quite arduous if one does not know how to use the advanced search option and narrow it down to only the DVC threads).

ABSOLUTLEY... WE (the DIS community) live for valid questions to answer. Many if not most questions have been answered before, but it is grand to help a new member to understand... anything.

J and R's mom or El&Asmom... keep asking the questions.....

 

[gppnj]

I hope I'm still living in 2042. If I'm living, I hope I'm still able to go to Walt Disney World. But when my contracts expire, I'll just be glad that I lived long enough to see them expire.

 

[Anthony1971]

I think the better question would be is if there will be an extension offered on me and a complete referbushment of my body otherwise you will have one wrinkled grumpy old man wandering aimlessly around WDW... That is if I can even remember what Disney is or where it is or if I took my medication

 

[salmoneous]

You need to have people with a long-term interest in the properties paying the maintenance. Should Disney make it clear they are going to kick everyone out in 2042, owners are going to stop maintaining the place. Will Disney take over the maintenance to make sure they are handed over nice buildings? Will Disney offer buyouts to take over ownership before 2042? Will Disney offer extension? I just think they have to do one of the 3…

 

[dwelty]

as I have said in the past, since most of us will be pretty old in 2042, I think Disney should turn each resort into a cemetary. That way, you can buy a plot at your resort, and stay there for eternity.

 

[Anthony1971]

You need to have people with a long-term interest in the properties paying the maintenance. Should Disney make it clear they are going to kick everyone out in 2042, owners are going to stop maintaining the place. Will Disney take over the maintenance to make sure they are handed over nice buildings? Will Disney offer buyouts to take over ownership before 2042? Will Disney offer extension? I just think they have to do one of the 3…

If we stop paying Maint. our ownership reverts back to DVC so they can rent it and recover the funds that was....even if they had to upgrade all the values they would make out
The land is to be retunred to Dinsey in its original state in other words with no buildings if that is they way it was.... So we could end up paying to have the buildings bulldozed...if we didn't already... If Disney will decide to keep these buildings?????

 

[luvindisneyworld]

Not this thread again. We just had one of these a few weeks ago. To the OP, Do a search and I'm sure a few will pop up.

Yes,This thread again.I know myself that the search function is spotty at best and I hav never been able to ge it to work for me.So why do you have a problem with a question?If you know that it has been asked before then just skip over it instead of coming in like you have a problem with it.
This is what this board is for we are suppose to be here to help each other,not go ahead telling everyone that what they are posting is wrong and should not be posted.

Okay off my soapbox now.

 

[tjkraz]

Should Disney make it clear they are going to kick everyone out in 2042, owners are going to stop maintaining the place.

Not sure I follow.

If you're referring to you and me as "owners", we don't really have a say in the matter. Our dues pay for maintenance and any damage outside of normal wear and tear could be charged back to guests.

Regardless of what greater plan may be in place for post-2042, Disney will still be charging hundreds of dollars per night (actually thousands per night) to cash guests using the same facilities. Since maintenance is largely charged back to members, I see no reason to lower dues and let the condition of the facilities decline.

Will Disney take over the maintenance to make sure they are handed over nice buildings?

Regardless of what legal entities are involved (Disney Vacation Club, Disney Vacation Development, etc.) they are all "Disney." There's no reason to believe that buildings won't be in whatever condition "Disney" wants them come 2042.

Will Disney offer buyouts to take over ownership before 2042?

For what purpose?

Will Disney offer extension?

Seems to be the magical question here. When it looked like we may be dealing with just two expiration dates--2042 and 2054--some hoped they would offer to extend the 2042 contracts. Now that they've gone to 2057, it looks like they intend to give 50-year contracts to all subsequent resorts. I don't personally view extensions as being likely.

The goal appears to be to sell a "new" contract for 50 years which would typically cover the lifespan of the original purchaser. Upon expiration, decendants who might have inherited the last few years of a contract would then be able to buy their own 50-year contract.

 

[salmoneous]

If you're referring to you and me as "owners", we don't really have a say in the matter. Our dues pay for maintenance and any damage outside of normal wear and tear could be charged back to guests.

Regardless of what greater plan may be in place for post-2042, Disney will still be charging hundreds of dollars per night (actually thousands per night) to cash guests using the same facilities. Since maintenance is largely charged back to members, I see no reason to lower dues and let the condition of the facilities decline.

Regardless of what legal entities are involved (Disney Vacation Club, Disney Vacation Development, etc.) they are all "Disney." There's no reason to believe that buildings won't be in whatever condition "Disney" wants them come 2042.

Others understand the legalities much better than I, but my understanding is that one of the "Disney's" is a management company that the owners (you and I) hire to run the place in our interests. Right now, our interests and Disney's interests are pretty much the same. Unless something changes, that will not be the case in 2041. The management company will be obligated to do what is best for us, not what's best for Disney. Or we may have even fired them by then and hired a different management company.

Then again, there may be requirements for minimums level of maintenance in all the legal documents. But whatever the legal specifics, it could get very ugly. It's in everybody's interests to avoid conflict, legal costs, etc. Which is why I strongly believe Disney will do something to make sure their interests and our interests remain aligned.

 

[Anthony1971]

Others understand the legalities much better than I, but my understanding is that one of the "Disney's" is a management company that the owners (you and I) hire to run the place in our interests. Right now, our interests and Disney's interests are pretty much the same. Unless something changes, that will not be the case in 2041. The management company will be obligated to do what is best for us, not what's best for Disney. Or we may have even fired them by then and hired a different management company.

Then again, there may be requirements for minimums level of maintenance in all the legal documents. But whatever the legal specifics, it could get very ugly. It's in everybody's interests to avoid conflict, legal costs, etc. Which is why I strongly believe Disney will do something to make sure their interests and our interests remain aligned.

The problem is the land reverts back to disney after 50 years or in 2042 or whatever the end date is.... The bottom line is it is up to Dinsey (it is all Disney anyway) in 2042 as they own the land that the buildings we own a small piece of sit on making the buildings and the land Disneys at the contrcats end.

 

[Dean]

You need to have people with a long-term interest in the properties paying the maintenance. Should Disney make it clear they are going to kick everyone out in 2042, owners are going to stop maintaining the place. Will Disney take over the maintenance to make sure they are handed over nice buildings? Will Disney offer buyouts to take over ownership before 2042? Will Disney offer extension? I just think they have to do one of the 3…

I think it's a big? How fees will go the last few years. Obviously Disney will want to have the properties as updated as possible if they have plans to use the existing buildings. However they have a legal fiduciary responsibility that they cannot get away from. This will be an interesting balance and I think it will be fun to see how this goes.That

This would be the biggest reason I can think of where Disney would offer extensions. That way they could justify using fees to update for future use. Overall my suspicion is they will shut the fees down last few years other than the bare minimums. Disney will not be able to justify nor legally support, acting like the kid in the candy store.

 

[El&Asmom]

I think it's a big? How fees will go the last few years. Obviously Disney will want to have the properties as updated as possible if they have plans to use the existing buildings. However they have a legal fiduciary responsibility that they cannot get away from. This will be an interesting balance and I think it will be fun to see how this goes.That

This would be the biggest reason I can think of where Disney would offer extensions. That way they could justify using fees to update for future use. Overall my suspicion is they will shut the fees down last few years other than the bare minimums. Disney will not be able to justify nor legally support, acting like the kid in the candy store.

I guess that's something I hadn't thought of. I'm sure during the last several years, people will be less willing or complient in paying their MF when they have little to loose if Disney confiscates their contract. It may not be "worth" paying MF on something you will only own for a couple more years if you can spend those dollars elsewhere for a similar vacation.
It may be in Disney's best interest to allow some type of extension to owners or their beneficiaries.

 

[Dean]

I guess that's something I hadn't thought of. I'm sure during the last several years, people will be less willing or complient in paying their MF when they have little to loose if Disney confiscates their contract. It may not be "worth" paying MF on something you will only own for a couple more years if you can spend those dollars elsewhere for a similar vacation.
It may be in Disney's best interest to allow some type of extension to owners or their beneficiaries.

Actually it's extremely likely that they will be some type of pro ration of points used the last one to two years. I also think it's likely that one will only have to pay dues on the points used to. This will cut the fees in half the last year or two assuming no other changes.

The other issue is that to Disney vacation Club is a money eating machine. Much like government, what will haven when a large portion of the income is removed. Certainly the expenses will not go down proportionally automatically. Hopefully the Disney vacation Club will plan appropriately for this event.

 

[BWVNUT]

You need to have people with a long-term interest in the properties paying the maintenance. Should Disney make it clear they are going to kick everyone out in 2042, owners are going to stop maintaining the place. Will Disney take over the maintenance to make sure they are handed over nice buildings? Will Disney offer buyouts to take over ownership before 2042? Will Disney offer extension? I just think they have to do one of the 3…

Not to mention Disney will have to be careful with whatever precedent they set since when the 2042 contracts expire they'll have owners who will have another 12, 15 and potentially 18 + years left on their contracts...(depending on the time/rate of DVC expansion and if each new resort were to have an additional 3 years of contract).

 

[sssteele]

If there were no duplicate postings on this site, there'd be little to read. Don't apologize for a legitimate question always worth new perspectives and conspiracy theories. I always return again and again to some of the old/new queries because they are of interest to me, or provide great speculative nonsense. I am convinced (a guide told me this is 90% for sure) that many of the DVC properties will become assisted living/skilled care facilities, but that only those suffering from "Disney Dimentia" will be allowed to renew their contracts. Cast members will be selected from those former or present Disney employees who have worked for the firm so long that they can't remember much either, and will assure us that they remember us from 30 years ago when we checked in, or when we called housekeeping about a "Goldfish" cracker found under the sofa. I am being extra nice to all CMs because of the latter possibility. It is also rumored that Walt himself will be brought back from his "cryogenic" state to join us and reveal to us all of the "untold truths" of the Walt empire.

 

[CandleontheWater]

I think we should watch and see what Disney does with its other aging hotel properites as a potential insight as to the fate of the DVC. Take the CR and the Poly for example, they are 36 years old, yet they have been effectively rehabed and guests are still willing to shell out top dollar to stay there. Disney fans are still so enchanted with the CR (including myself) that they are literally salivating over the prospect of a Contemporary DVC. I don't really see either resort deteriorating over the next 14 years to necessitate demolition or waining in popularity, and I think the same will hold true for the DVC resorts. With routine maitenence and occasional rehabs, the resorts can easily stay viable for 50, 60, 70+ years. However, if Disney does a 180 and begins to dismantle older resorts, like perhaps the CBR, that may point to Disney being open to starting with a clean slate, and may mean that less popular, or possibly even all the DVC resorts may be razed in the name of progress. I'm going to watch how Disney handles its other resorts and how the on-property market fluctuates, because I think that may be the best view into the future of the DVC.