When will you receive your final points on your contract? Isn't expiration really the year prior to the stated expiration year??

[zavandor]

I do not think DVC can disabile borrowing before the end of the contracts. 32% of the points at AKV have a December UY, owners wouldn't have enough time to use them all. PVB is another December heavy resort. But even at OKW, which is fairly distributed, it would be unfair for December (or other late) UY owners.
They will probably disabile banking, but not borrowing.

 

[Lorana]

And to clarify, when we say we 2042ers have 21 years of points, we really only have 20 years of points.

This. I remind my husband that we should really think of our BRV/HHI points as expiring the end of 2041. Maaaybe we can squeeze in a trip in January 2042, but everyone else will likely be thinking the same.

 

[Sandisw]

I do not think DVC can disabile borrowing before the end of the contracts. 32% of the points at AKV have a December UY, owners wouldn't have enough time to use them all. PVB is another December heavy resort. But even at OKW, which is fairly distributed, it would be unfair for December (or other late) UY owners.
They will probably disabile banking, but not borrowing.

The rules for banking and borrowing are subject to change and based on supply and demand and if they are going to have a problem, they have the right to suspend them. Now, that is not to say they won't find a way to make it all work, but when people buy a Dec UY, they know..or should know.. they will only be getting 2 months to use those 2041 points.

Not sure that is really any different then when a resort first opens and some UY's get more points to start than others. Didn't those buying RIV with a Feb UY only get points starting in 2020 while everyone else got points starting in 2019?

 

[zavandor]

The rules for banking and borrowing are subject to change and based on supply and demand and if they are going to have a problem, they have the right to suspend them. Now, that is not to say they won't find a way to make it all work, but when people buy a Dec UY, they know..or should know.. they will only be getting 2 months to use those 2041 points.

Not sure that is really any different then when a resort first opens and some UY's get more points to start than others. Didn't those buying RIV with a Feb UY only get points starting in 2020 while everyone else got points starting in 2019?

People buying December UY also know that it is possible to borrow points. So if rules are changed to make the system work, they shouldn't change in a way that some people are at a disadvantage to the point there is no time to use all the points. Why disabile borrowing to allow February UY owners to book with ease when as a consequence December UY owners cannot all use their points? It doesn't make sense.
Maybe they can disabile borrowing for February UY owners (they still have a year to user their points), while allowing borrowing for December UY. Would the February owers be happy?

 

[Ruttangel]

Imagine staying at your resort on the very last day....it could be quite a party

 

[CSLucas]

They will probably disabile banking, but not borrowing.

This is what I think will happen as well. I would think they would want to clear out owners as quickly as possible, so if they could get a good chunk to use up all their points a year before expiration, then that would be ideal - they can rent the rooms out for cash to help fund whatever conversion they are going to be doing, or they can just go ahead and get started with the conversion. I could also see them putting in some sort of requirement to pre-pay dues on borrowed points which would help make sure a ton of people don't just walk on their contracts in the final year. Either way, we plan to have sold long before this becomes an issue (December UY here)

 

[Sandisw]

People buying December UY also know that it is possible to borrow points. So if rules are changed to make the system work, they shouldn't change in a way that some people are at a disadvantage to the point there is no time to use all the points. Why disabile borrowing to allow February UY owners to book with ease when as a consequence December UY owners cannot all use their points? It doesn't make sense.
Maybe they can disabile borrowing for February UY owners (they still have a year to user their points), while allowing borrowing for December UY. Would the February owers be happy?

No easy solution for sure, but I just don’t see anything currently that prevents them from suspending the practice in the last few years of contracts.

They could also find a way to remove the resort from BVTC so the only ones staying are owners and leave banking/borrowing alone? Or maybe change the 7 month window at those resorts to say 3 months to give owners longer to get points booked? IIRC, the non home resort booking period does not need to be the same for every resort.

But there is no way for all the 2041 points to be borrowed back into calendar year 2040 or 2041. So some owners will lose points no matter what because there won’t be enough rooms to book with all of them.

 

[zavandor]

No easy solution for sure, but I just don’t see anything currently that prevents them from suspending the practice in the last few years of contracts.

They could also find a way to remove the resort from BVTC so the only ones staying are owners and leave banking/borrowing alone? Or maybe change the 7 month window at those resorts to say 3 months to give owners longer to get points booked? IIRC, the non home resort booking period does not need to be the same for every resort.

But there is no way for all the 2041 points to be borrowed back into calendar year 2040 or 2041. So some owners will lose points no matter what because there won’t be enough rooms to book with all of them.

We know the lockoff premium plus people letting points expire creates some extra availability. Allowing people to borrow final year points and book some of that will help free up some space for the final year.
Anyway, in our contracts there is written that reservations are first come first serve. So technically, DVC might actually do nothing and if people lose points it's too bad for them. Certainly it will pay off being in the final year on top of things and book as soon as possible. I will certainly do it.

 

[eandt]

There's nothing in the contracts that say you won't get your 2041 UY points, so, yes, they'll get them, and yes, DEC UY will have 2 months to use them, unless they borrow them into their 2040 UY.

Why wouldn't you have your entire UY to use them? Seems like a self created and unnecessary nightmare to do otherwise.

 

[zavandor]

Why wouldn't you have your entire UY to use them? Seems like a self created and unnecessary nightmare to do otherwise.

In February 2042 the leases expire and the resorts revert back to Disney. So no points from those resorts can be used after that date.

 

[DonMacGregor]

Why wouldn't you have your entire UY to use them? Seems like a self created and unnecessary nightmare to do otherwise.

Because all Ownership Interests, regardless of Use Year, end on January 31 of the year of expiry (2042, 2057, etc.). A December UY would theoretically receive their 2041/2056 points on December 1st, and have until January 31st to use them. After that, the member has no ownership interest in the resort.

 

[Lorana]

Why wouldn't you have your entire UY to use them? Seems like a self created and unnecessary nightmare to do otherwise.

It unfortunately is a nightmare from that perspective - all DVC contracts end January 31 of their expiration year, regardless of UY. So December UY contracts will receive their final points on 12/1 and have until 1/31 (2 months) to use them.