Who pays for Vero Beach repairs?

[jmminarik]

Ultimately, one way or another, we'll all pay for it. Every corporation, every insurance company, every government ultimately makes the shareholders, policy holders, citizenry and the consumers pay in the end. The question is how will they pick out pockets?

-Joe

 

[Maistre Gracey]

Well, the underwriters will target certain higher risk groups for higher premiums and/or larger deductibles. I would think the Florida coast would be considered a high risk venture.

I agree that VB owners should, and will pay any expense associated with unforseen damage.
My question is, can the Vero Beach Resort or DVC charge a fee for visiting members and other guests to offset some of this expense?

Just curious...

MG

 

[Dean]

Originally posted by Maistre Gracey
I agree that VB owners should, and will pay any expense associated with unforseen damage.
My question is, can the Vero Beach Resort or DVC charge a fee for visiting members and other guests to offset some of this expense?

Just curious...

MG

No other than indirectly through the activities and restaurant, which I doubt they would or could do either.

 

[BobH]

Even if you divide a cost of 2 mil out among 15000 to 20000 Vero Beach members you still only have $100 to 133 in expenses. I doubt this would break anyone's bank.

 

[Dean]

Originally posted by BobH
Even if you divide a cost of 2 mil out among 15000 to 20000 Vero Beach members you still only have $100 to 133 in expenses. I doubt this would break anyone's bank.

I doubt there are that many members at VB. Likely half those or less. But I too suspect the overall dollars to be at worst, $300-400 per person. I still feel it's unlikely to have a SA at all.

 

[BobH]

Dean-
Are the number of members per resort listed anywhere? I was making a guess at the possible members at Vero. I read somewhere recently that the total DVC membership is near 80,000.

 

[Dean]

Originally posted by BobH
Dean-
Are the number of members per resort listed anywhere? I was making a guess at the possible members at Vero. I read somewhere recently that the total DVC membership is near 80,000.

I'm not aware of a listing of members per resort or even points per resort. It really depends on the number of points and not the number of people. Still, I was guestimating from the number of units at VB compared to the total DVC units. I just took a rough estimate, it would not be difficult to get a more accurate reflection by taking the number of units of each type and comparing. Maybe assigning a value of 1 for a studio and 4 four a 3 BR. Then it's simply a number game. Of course this assumes all points at X resort are sold and that DVC owns the same percent of points at each resort. All of which are reasonably true except SSR where I suppose one could take phase one and be pretty close.

 

[Desperado]

Originally posted by Maistre Gracey
Well, the underwriters will target certain higher risk groups for higher premiums and/or larger deductibles. I would think the Florida coast would be considered a high risk venture.

I agree that VB owners should, and will pay any expense associated with unforseen damage.
My question is, can the Vero Beach Resort or DVC charge a fee for visiting members and other guests to offset some of this expense?

Just curious...

MG

I guess that's where supply and demand would come in. Charge too much for meals and rooms from cash guests and loose business because it's too expensive.

 

[Maistre Gracey]

Well, it was just a thought. I completely understand that the VB point owners are responsible for this possible fee, and I will gladly pay it in order to restore VB to all it's glory.

I guess I was just thinking that the members and guests trading in are somehow reaping the benefits for free, but I suppose that's the price we pay for choosing to own at Vero.

MG

 

[Dean]

Originally posted by Maistre Gracey
Well, it was just a thought. I completely understand that the VB point owners are responsible for this possible fee, and I will gladly pay it in order to restore VB to all it's glory.

I guess I was just thinking that the members and guests trading in are somehow reaping the benefits for free, but I suppose that's the price we pay for choosing to own at Vero.

MG

Actually we all took that risk at each resort we own, it's just that VB is more at risk being directly on the ocean.

 

[Desperado]

Originally posted by Maistre Gracey
I guess I was just thinking that the members and guests trading in are somehow reaping the benefits for free....

Yep, that's true. Just like OKW members are reaping the benefits of the new slide they are getting that they do not have to directly pay for.

 

[manning]

The slide is being put in also for DVD benefit. Disney has their reasons.

 

[TheRustyScupper]

Originally posted by KennySC
John Kerry just called in and stated that if he were President the Federal Goverment would pay for all repairs, lost income and candy for all the kids!

Kerry just announced his revised stance.

He said in an interview:
"The kids will pay for all candy, and the repairs and lost income will be paid to the government."

He also said:
"Yes, I said that until I didn't say that."

 

[Desperado]

Originally posted by manning
The slide is being put in also for DVD benefit. Disney has their reasons.

Probably so, but those same types of unspecified mysterious reasons might also apply to helping Vero. Given we don't fully know what they are, we don't know whether or not they similarly apply.

 

[Desperado]

Originally posted by HookdonWDW
DVD is the Development company. When you signed your contract, you signed a contract with DVD.

DVC is the group that you then belong to.

DVD builds the resorts, furnishes them and provides all of the initial ammenities.

DVC collects dues, taxes, and maintains the resorts.

So... if DVD updates a pool at OKW, replaces defective siding at BWVs, or replaces couches with queen sized beds in the BCVs, it does not come out of your dues. It comes out of DVDs operating funds (or the initial purchase price/point).

On the other hand, if DVC replaces furniture that someone has destroyed (without charging them), repairs defects in units, pays electrical bills and deals with hurricane damage, the money for these items comes from the dues that the DVC owners at that resort pay. This is part of the reason why the dues are not the same at each resort.

Ahhhh, that's DVD. Thanks.

 

[Dean]

Originally posted by Desperado
Yep, that's true. Just like OKW members are reaping the benefits of the new slide they are getting that they do not have to directly pay for.

The slide IS NOT being paid for by the other owners but by DVD itself. A sizable group of OKW members would have preferred it not to have been built, likely far more than 50%. The members at OKW will pay upkeep, lifeguards, etc. And in theory any member who owns at one resort and stays at another utilizes the amenities there. Plus there is pool hopping that might play into this discussion where one stays at one resort and uses the amenities at another.

 

[Desperado]

Originally posted by Dean
....A sizable group of OKW members would have preferred it not to have been built, likely far more than 50%...

Please present how you know that it is "likely far more than 50%"

My opinion is that your statement is a big big guess on your part, that isn't backed up by a factual source.

http://disboards.com/showthread.php?s=&threadid=476692&highlight=+OKW++Pool++Slide

http://disboards.com/showthread.php?s=&threadid=595318&highlight=+Poll++OKW++pool++slide

http://disboards.com/showthread.php?s=&threadid=476983&highlight=+Poll++OKW++pool++slide

 

[Dean]

Originally posted by Desperado
Please present how you know that it is "likely far more than 50%"

My opinion is that your statement is a big big guess on your part, that isn't backed up by a factual source.

http://disboards.com/showthread.php?s=&threadid=476692&highlight=+OKW++Pool++Slide

http://disboards.com/showthread.php?s=&threadid=595318&highlight=+Poll++OKW++pool++slide

http://disboards.com/showthread.php?s=&threadid=476983&highlight=+Poll++OKW++pool++slide

There was a survey of OKW members a few years ago that asked this very question including listing costs of the construction and ongoing costs in a per point method. The "vote" was overwhelmingly in favor of not building it. I am recalling 69% against but I'm sure someone else know for certain. Of course any discussion as to why they voted that way would be speculation. I have my thoughts and I'm sure you have yours, my guess is they will be different.

 

[Desperado]

Originally posted by Dean
There was a survey of OKW members a few years ago that asked this very question including listing costs of the construction and ongoing costs in a per point method. The "vote" was overwhelmingly in favor of not building it. I am recalling 69% against but I'm sure someone else know for certain. Of course any discussion as to why they voted that way would be speculation. I have my thoughts and I'm sure you have yours, my guess is they will be different.

A few years ago? How about 7 years ago. Your citing a 7 year old poll taken before three additional resorts were built to say that currently the majority do not want a slide as your source? Pretty slippery......

 

[Dean]

Originally posted by Desperado
A few years ago? How about 7 years ago. Your citing a 7 year old poll taken before three additional resorts were built to say that currently the majority do not want a slide as your source? Pretty slippery......

The owners are basically the same and it's the only somewhat scientific piece of evidence we have. I don't see it as slippery at all. I'd think taking any position otherwise would be the slippery one.