yearly fees

[DAVE2010]

so i am wondering how much the fees have gone up over the years i bought 200 points at akv 2 weeks ago and thats almost 1000 per year .. now at 3 percent a year in 47 years i am thinking i will be paying like 2800 bucks a year or so ?? yes ?/ no ?? next year 1030 , 1063 and so on and so on am i wrong or am i right? would love to hear from a long time owner ty for any info that was my only fear but you only live once so we jumped in

 

[chalee94]

here is a link to historical annual dues per point for the different DVC resorts.

 

[DAVE2010]

here is a link to historical annual dues per point for the different DVC resorts.

ty much for that link

 

[DAVE2010]

here is a link to historical annual dues per point for the different DVC resorts.

have any of you really mapped this out over 47 years the fees are going to be pretty high whats now 5 % will be more like 12% at these rates 200 points thats 2400 bucks a year or more yikes

 

[Deb & Bill]

That's why most members tell potential members to look at the dues before they just buy HH or VB.

 

[Chuck S]

have any of you really mapped this out over 47 years the fees are going to be pretty high whats now 5 % will be more like 12% at these rates 200 points thats 2400 bucks a year or more yikes

But, remember that dues have to be tied legally to the actual cost of providing the services at the resort. So, if our dues increase to cover expenses, then logically, rental rates on cash rooms would also increase to cover rising costs during the same time frame.

 

[tjkraz]

have any of you really mapped this out over 47 years the fees are going to be pretty high whats now 5 % will be more like 12% at these rates 200 points thats 2400 bucks a year or more yikes

50 years ago the average annual income was $6,000. A gallon of gas cost $.25 and a new car went for $2,500.

Like Chuck said, the reason the costs go up is because all things tend to cost more from one year to the next--salaries, healthcare, utilities, gasoline, taxes, etc. In 50 years the fees will be much higher but you'll be earning a much higher income. We hope.

 

[chalee94]

have any of you really mapped this out over 47 years the fees are going to be pretty high whats now 5 % will be more like 12% at these rates 200 points thats 2400 bucks a year or more yikes

1970

Cost of a new home: $26,600.00
Cost of a new car: $3,900.00
Median Household Income: $8,734.00
Cost of a first-class stamp: $0.06
Cost of a gallon of regular gas: $0.36
Cost of a dozen eggs: $0.62
Cost of a gallon of Milk: 1.15

 

[DAVE2010]

1970

Cost of a new home: $26,600.00
Cost of a new car: $3,900.00
Median Household Income: $8,734.00
Cost of a first-class stamp: $0.06
Cost of a gallon of regular gas: $0.36
Cost of a dozen eggs: $0.62
Cost of a gallon of Milk: 1.15

these are good points but things are not going to go the same over the next 30 years imo they just cant if thats the case my 85k is going to be 300k a year lol i dont think so my parents reaped that generation not i i just wonder how many really think about the long term dues in 47 years ........ this was the only fear we had in buying in but we do have great jobs so i guess hopefully we are ok ..........

LIVING A DREAM ...........

 

[DAVE2010]

50 years ago the average annual income was $6,000. A gallon of gas cost $.25 and a new car went for $2,500.

Like chuck said, the reason the costs go up is because all things tend to cost more from one year to the next--salaries, healthcare, utilities, gasoline, taxes, etc. In 50 years the fees will be much higher but you'll be earning a much higher income. We hope.

we hope is right lol dont see pay going up that much lately i will be dead before 50 years lol anyways but still thinking about my wife and son .........

 

[Sammie]

Yes it concerns me and will probably be the main reason we sell ours. At this point I don't feel we are getting the return on our increase compared to what Disney resorts is getting for their increase in nightly rates.

If housekeeping and maintenance matched the dues increase I would have no problem with them increasing them each year. But when services decline and dues continue to rise, something is wrong.

And I think DVC has done an excellent job of convincing some that in order to keep their resorts at the standard of nonDVC resorts that dues would even have to be higher. I am not buying into that.

If damage to the units is being caused by guest usage and DVC does not want to pass that on all members I say it is time to do what most all timeshares do and is reclaim that loss from the person that caused it.

 

[BLTtinkerbell]

If damage to the units is being caused by guest usage and DVC does not want to pass that on all members I say it is time to do what most all timeshares do and is reclaim that loss from the person that caused it.

If a guest causes damage to the unit, then DVC/Disney should contact the guest to pay for said damages.

 

[Greatfalls]

To me, this is unquestionably the biggest down side to DVC (but not enough to dissuade me). I have 280 points (180/50/50) for about $1,250 in dues per year. The current monthly automatic deductions of $105 is a relatively minor blip on my monthly expenses (mortgage, insurance, utilities, etc). However, I am assuming that in 30 years, the dues will be around 3 times what they are now, so something like $300 per month. By then, I'll be deep into retirement. Even with inflation, I won't have the income I have now, so these dues will be more painful. I can hopefully can alleviate this by selling my 2 50-point add-ons, and maybe my kids will be interested in assuming the contracts (but I wouldn't force it on them). This is all a matter of crossing that bridge when I get to it -- the future cost is well worth the great times and memories my family has had already and will surely continue to have at DVC.

 

[DAVE2010]

ty much for that link

bump

 

[disneynutz]

My concern is that we let Disney decided what needs to be maintained and at what level. No where in our legal documents with them is a requirement that they perform at a certain level.

It's like letting the wolf guard the hen house. Disney will do what's good for Disney, not what's good for the members.

Bill

 

[Chuck S]

My concern is that we let Disney decided what needs to be maintained and at what level. No where in our legal documents with them is a requirement that they perform at a certain level.

It's like letting the wolf guard the hen house. Disney will do what's good for Disney, not what's good for the members.

Bill

How is it good for Disney to not maintain the resort properly? It is no expense or additional income to them, it is paid for by members.

 

[YourEveryDayAdam]

My concern is that we let Disney decided what needs to be maintained and at what level. No where in our legal documents with them is a requirement that they perform at a certain level.

It's like letting the wolf guard the hen house. Disney will do what's good for Disney, not what's good for the members.

Bill

You have to remember that Disney is going to want these resorts maintained properly. People pay cash directly to Disney for the use of the rooms. They have EVERY incentive to try and make sure they are well maintained.

If someone goes to Disney and buys a room at BLT, that person doesn't care that the room is actually owned by DVC. They didn't buy a room from DVC. They bought a room from Disney. These room's also have Disney's name smeared all over them: "Disney's Old Key West Resort", "Disney's Animal Kingdom Lodge", etc. If a non-guest has a bad room experience in a DVC room, then it's a black mark on Disney. Disney won't let that happen.

 

[tjkraz]

The main problem I have with critiquing things like housekeeping quality is that it's impossible to do an apples-to-apples comparison to 10+ years ago.

Today we have discussion boards where it's easy to share poor experiences and commiserate with others. But such resources largely didn't exist more than a decade ago when the 'net was still evolving.

If I were judging housekeeping solely on my own experiences, I would think that Disney does a flawless job. Aside from a handful of maintenance issues, we've never had problems with the condition of our DVC villas.

I realize that other people have had issues and certainly that's unfortunate. But the perspective we are lacking is any real way to compare 2010 housekeeping to 2000 housekeeping or 1990 housekeeping. The inference frequently is that things are slipping, but as Chuck points out, we are the ones who foot the bill.

Critiquing the theme parks is certainly fair game--we can talk about shorter hours, lack of new attractions, buildings not getting repainted often enough, etc. But the DVC resorts are a separate entity with their own set of books.

One could argue that the cost of dues can impact sales but I'm not convinced that DVC is interested in short-changing members to boost sales revenue. BLT and VGC debuted with dues that are 15% lower than any other resort. Dues could certainly have been much higher without costing them a single sale.

At the other end of the spectrum are resorts like BCV and BWV with comparatively high dues, yet I don't see prospective members crossing those resorts off their list simply because the dues are a dollar or so more than other alternatives.

 

[disneynutz]

I am convinced that 98% of Disney's DVC decisions are based upon what's good for sales. The more I talk to ASA's, Guides, DVD Managers, and Jim Lewis, the more that I am convinced.

My hen house post was more related to the fact that we trust them to decide what our money should be spent on, good or bad.

Valet service isn't important, but a new pool at Saratoga is. No Quick Service at Kidani, but new artwork at Saratoga is.

Any idea what their criteria is for making these decisions?

Bill

 

[Deb & Bill]

...Valet service isn't important, but a new pool at Saratoga is. No Quick Service at Kidani, but new artwork at Saratoga is.

Any idea what their criteria is for making these decisions?

Bill

I think a new pool can raise the dues at the resort, plus raise the going price of resales at SSR. Kidani is still selling at their price; SSR isn't.

A new pool at SSR brings more guests to SSR and they don't have to give away the stays to DRC to upgrade the Value resort guests.

But those are just my opinions.