Would Disney ever sell HH or VB?

[disney-super-mom]

I'm sorry this is a loaded question, but DH and I are trying to decide on making an investment into the DVC.

We're torn between sucking it up and making a larger intial investment using the current SSR 15% off special of $83.30 per point, or making a much smaller initial investment (money wise) buying a HH resale for around $68 per point.

One thing that keeps bothering us about buying a HH resale is that because it's not an on site property, there's always a chance that Disney could sell it sometime down the road, and then we'd no longer be DVC members. What do you feel are the chances of this ever happening? Are we worrying for nothing?

 

[RobDoc]

IMO, the chances of Disney selling off any of the DVC resorts is non-existent.

IMO, the negative publicity alone would put an immediate halt to any sales if they dumped a resort and stranded the owners who purchased with the intent of being part of the DVC "family".

I would also suggest buying where you want to stay- if that's HH, then it's a great resort and ownership is often helpful to secure reservations during the summer months. If you intend to purchase at HH and primarily use points at 7 months to get into WDW, I'd suggest buying at one of the onsite resorts as reservation habits could easily change over the next 36 years.

I own at HH and have gone there each summer since the resort opened. It is a wonderful vacation spot. I have never used those points anyplace except HH and have been able to secure studios, 1BR, 2BR and GV's during July by reserving at 11 months.

Be aware that the owners at the resort do have the ability to replace DVC as managers of the resorts. Should that happen, that resort would cease to have access to MS and no exchanges would be possible between that resort and any of the DVC resorts any longer. Is that likely to happen - I doubt it - but is is a possibility according to our contracts.

 

[Sammie]

I agree with Doc. I don't think Disney would sell the off site properties, but regardless that should not be a consideration for buying there and hoping to stay at a WDW resort.

Buy where you hope to stay and if you are able to use at the other resorts that is an added bonus.

 

[disney-super-mom]

Well, being from Spokane, our reason for buying into DVC would primarily be to stay at a WDW property, not necessarily at HH. This has to do with the initial cost of investment into DVC to see if it's right for us. We're looking to buy approx. 150 points to start, and if we love it, and therefore need more points, then we'll invest more from there. We're strictly looking at the financial part of it for the intial investment.

150 at $68 per point = $10,200 (HH)

150 at $83.30 per point = $12,495 (SSR)

Now I know that SSR is good until 2054, whereas HH is good until 2042. And, even if we bought SSR doesn't mean that's where we'd want to stay at WDW. We'd purchase SSR for the points because it's a good deal and it's good until 2054. We're just very confused as to which direction to go here, and we want to make sure that if we chose to buy HH, that it's a secure Disney property for the duration.

Maybe we're thinking too hard about this? :

 

[Smile]

Here are the pros and cons to go resale vs direct for purchase SSR

Direct with Disney
-extra 12 yr
-2005 pt is given when purchased
-15% discount (depends what the resale prices are going for SSR)
-1st time must buy 150 pts
-120 pt min if existing member

Resale
-most likely cheaper
-might be have banked pts
-might find smaller pt contract which resale better than larger pt contracts

That's my two-cents. Hope this helps you.

Cheers,

 

[AnnaS]

Just one more thing to add to your resale price - the closing costs which will run you a couple of hundred dollars ($350 and up ? - someone else will know better).

 

[Dean]

You can get closing as low as $250. It's possible these resorts could be sold but I'd agree that it's very unlikely. What is more likely is that the resorts could be severely damaged by a natural disaster and not be rebuilt. Even that is not a major risk. While I believe it's far better to buy on property in your situation, I wouldn't let this possibility affect your decision one way or another.

 

[crisi]

I also think its far better to buy on property if that is where you want to stay. The risk that Disney sells or the resort gets destroyed would be too much for me. It isn't a huge risk, but you are talking about spending $10,000 vs. $12,000. If I'm going to spend anything with three zeros, I'm going to be pretty sure I'm going to be happy with it, even if it costs me more.

Remember the "buy where you want to stay" argument. Home resort owners have priority from eleven to seven months. That can make certain rooms at WDW uncertain to get (usually described as OKW Grand Villas, BWV - Boardwalk View or Standard View, and VWL at holiday time - wouldn't surprise me if BCV during school breaks became hard as well). Note that many people have had no problems - even getting what are considered high demand rooms at seven months, but many people have had to use waiting lists or be content staying at their second choice.

 

[cruise-o-matic]

Well, being from Spokane, our reason for buying into DVC would primarily be to stay at a WDW property, not necessarily at HH. This has to do with the initial cost of investment into DVC to see if it's right for us. We're looking to buy approx. 150 points to start, and if we love it, and therefore need more points, then we'll invest more from there. We're strictly looking at the financial part of it for the intial investment.

150 at $68 per point = $10,200 (HH)

150 at $83.30 per point = $12,495 (SSR)

Now I know that SSR is good until 2054, whereas HH is good until 2042. And, even if we bought SSR doesn't mean that's where we'd want to stay at WDW. We'd purchase SSR for the points because it's a good deal and it's good until 2054. We're just very confused as to which direction to go here, and we want to make sure that if we chose to buy HH, that it's a secure Disney property for the duration.

Maybe we're thinking too hard about this? :

We were in the same situation last year. We crunched the #'s and decided on HH resale. Price was a big factor, but we also considered the 11 month advantage. We saw one at HH....summers and studio access....but with the eventual size of SSR, we didn't think it would be any problems booking SSR at 7 months. Keep in mind, we live w/in 6 hour drive to HH and we plan to go to HH...in fact we went in Sept and return for Easter, so we didn't strictly buy HH for WDW accomodations.

But that being said, we'll be a BCV in 5 weeks....booked day-by-day at 7 months...but no guarantee we'll be able to do that again...and had BWV for Marathon weekend, before having to cancel.

 

[TheBeast]

There's another way to look at the cost:

150 at $68 per point = $10,200 (HH) / 37 years = $275 / year

150 at $83.30 per point = $12,495 (SSR) / 50 years = $250 / year

If your primary reason for DVC is to go to WDW, I vote with the crowd that says buy on site.

 

[Smile]

There's another way to look at the cost:

150 at $68 per point = $10,200 (HH) / 37 years = $275 / year

150 at $83.30 per point = $12,495 (SSR) / 50 years = $250 / year

If your primary reason for DVC is to go to WDW, I vote with the crowd that says buy on site.

You also need to add in the dues for each.

 

[crisi]

You also need to add in the dues for each.

I wouldn't...there is no guarentee that dues will be the same. HH has a fairly high risk of a special assessment for hurricane over its life. SSR dues are currently subsidized and may change (likely not significantly, but until the resort has a track record, I wouldn't project costs).