ReddOchtober
Earning My Ears
- Joined
- Nov 11, 2018
- Messages
- 9
I went back and forth for 5 years, and as the saying goes "I wish I bought sooner". We rented a lot until I finally on a whim and impulse bought a contract. We typically book our home resort, and if there is some place else we want to stay, we "waitlist". If we get it, great, if not, no biggie. Only worry I have is trying to get a stay at DL, and the limit to two waitlists at a time (it goes by resort and room type, so you can't go "Disneyland Hotel all rooms"). I save more now on my booking, we get the discounts, and since we are out of state, we save on AP if we choose to visit more than once in a year's time. Our plan was to use Mardi Gras every year since some years the time is shorter than a year to only buy one set of tickets for technically two years of trips. Any who, do what you feel is best for you. That said, I've rarely had issues getting the waitlisted room I wanted at WDW. We plan to pass it to our kids when they graduated college, or sell it if they are over it. While it isn't an investment, historically, it has held its value or increased over time, although that is not a guarantee and could change. That said, Disney seems very intent on maintaining its brand value between DVC, Golden Oak, and it's other real estate ventures; I could see them selling off Hilton Head and Vero Beach in the future when contracts expire. As for the other questions like rotating home resort, they can't do that because of the deed on the current catalog. Though laws can change, I guess some changes were made to the way DVC is deeded or managed with the Cabins but you still have a home resort there too.I have done a lot of research on dvc and I have come to two sticking points . I wanted to see from the community if my concerns seem legit. For starters I wanted to say I love the dvc hotels and actuslly would want it to work.
1. The home resort concept: I don’t like the idea of having a home resort and being locked out from other resorts. Right now I rent and I feel like that gives me a lot more flexibility. For instance I just booked beach club and Aulani both 7+ months out.
One possible solution that I think could alleviate this concern would to have a product where you have a rotating home resort . I was thinking like you could 3-5 resorts where your home resort rotates . I think this would give me the amount of variability that I need.
2. The main way I see the value of dvc really benefiting me is to pass it down to my daughter. If I am just to use it for the next ten years I think I’ll break even or so but if I pass it down to her then she could go with her kids and possible even my grandkids could bring my great grandkids. I reslly
Like the idea that even if I am gone they will still have a memory of me when they are making memories. I understand money could do the same but the truth is that sometimes we don’t buy things that are good for us and I’d like to force them into taking vacations . But the problem with this is the point cost is unknown and subjected to mgmt and I coukd potebtislly be giving them a huge bill.
One way I was thinking this could be alleviated was by prepaying dues . I would like to prepay all the dues on her contract so she can just focus on fun . Has this ever been offered before ?
Just my thoughts