Price increases are supposedly going into effect today.
DVC Price Increases on Feb 19
What do you think?
DVC Price Increases on Feb 19
What do you think?
What do you think?
Price increases are supposedly going into effect today.
DVC Price Increases on Feb 19
What do you think?
I don't see how they can keep rasing prices.
The value of a contract is going down (they all still have the same expiration year). So if you buy a contract today, you are getting less out of it than if you bought it 5 years ago.
Unless inflation is outstripping the loss in value of the contract, but still $180 a point. That's some crazy inflation.
-dave
Everyone has to do their own math. For us, VWL resale was a tremendous value. But YMMV.$160 - $182 a point is the Universe's way of telling people they have too much money. Seriously, with the declining service and offerings in the parks and the increases in maintenance fees, I have no idea why anyone would still buy DVC. I'm sure there will be lots of people that disagree and think DVC is still a good value.
$160 - $182 a point is the Universe's way of telling people they have too much money. Seriously, with the declining service and offerings in the parks and the increases in maintenance fees, I have no idea why anyone would still buy DVC. I'm sure there will be lots of people that disagree and think DVC is still a good value.
I doubt this has anything to do with China, but I'm sure you are right that someone will try to say it does.The resale market probably appreciates it.
Was there any justification for the increase? Did shuffling papers from one room to another suddenly start costing DVD more or are we blaming this on Disneyland China too?
I doubt this has anything to do with China, but I'm sure you are right that someone will try to say it does.
The price will go up as long as there are people willing to buy at the higher price. If anything the booming resale market is probably actually driving the direct prices up. Disney could exercise ROFR and buy points dirt cheap a few years ago but with resale prices steadily rising they are actually paying a lot more to buy points back now. Obviously they are still reselling them for a huge profit, but if they want to keep the profit margins the same they have to charge more for the "sold out" resorts.
What's interesting to me is that the prices for both resale and direct keep rising on the older "2042" resorts as the contracts get closer and closer to expiring. If all other market factors are held constant we should see the prices steadily declining down to $0 as we approach the end of the contracts. I am curious to see when we hit the tipping point on number of years remaining before the prices start to drop more dramatically. I am assuming 26 years remaining is still long enough that people assume they can at least break even before the contracts expire, but with the rising prices it's not going to be long before the math just doesn't work even for resale. I'm pretty sure the math on direct purchases is already "fuzzy" at best.
Price increases are supposedly going into effect today.
DVC Price Increases on Feb 19
What do you think?
$160 - $182 a point is the Universe's way of telling people they have too much money. Seriously, with the declining service and offerings in the parks and the increases in maintenance fees, I have no idea why anyone would still buy DVC. I'm sure there will be lots of people that disagree and think DVC is still a good value.
I believe that I am ahead of the game and past the break even point. If I continue to rent my points out, I am still on top. But I hear what you are saying.Insanity. If I were in the market now, I'd go Wyndham or Marriott and forego any thought of DVC. What you get for what you pay just isn't there.
So you'd rather spend 300k - 400k instead of 80k. Interesting. Disney loves you!!My wife and I almost bought into the DVC over the summer, but if you can't afford to fork over the full price in one lump sum...they charge you over 10% interest to finance...and that's with perfect credit!! We then talked about saving for a few years and buying outright, but they want to charge upwards of $1k a year just in maintenance fees. So what initially would be spending about $25-$30k would end up being another $50k on top of that just in maintenance fees.
Sorry...I just don't see how that can be a value by anyone. We will stick to booking our hotels through a CM.
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