They have a lot of explaining to do for OKW
My guess is that OKW, with all it's different buildings, not much being centralized, requires more maintenance than most other properties save for SSR. It has a lot of grass, ponds and streets and parking. Also it is a bit older so maybe some of the windows roofs have started to need replacing?Ouch is right, although I'm at the Beach club. 1.76%
Wonder why OKW and Boulder ridge got hit so hard.
Those renovations would have been paid for out of the existing capital reserves fund for the resort.I would imagine because OKW has had room renovations taken place the last year or so.
But those reserves would need to be replenished.Those renovations would have been paid for out of the existing capital reserves fund for the resort.
The reserves are constantly being replenished. The amount going into it doesn't spike just because they've completed a refurbishment.But those reserves would need to be replenished.
This. No explaining for BRV either. People are complaining that SSR went up higher than most too due to the refurb but really this shouldn't happen. It also wouldn't explain the historical rise for OKW of lateThe reserves are constantly being replenished. The amount going into it doesn't spike just because they've completed a refurbishment.
AFAIK, no one has identified the specific reasons why the OKW dues went up as much as they did.
So whatever money they have in reserve it's a given they will spend it all down to the last penny in any renovations they do, not much incentive to get the most bang for your buck when there is an endless supply of cash flowing in. Are these increases really going for pay increases?
I see this becoming a problem for some owners and seeing how the owners reacted about the points allocation bungle a year or so back, this won't come to pass either. Somebody's going to get smart and get a lawyer on it and it will hopefully be reduced back to what it is. Disney is just passing on the cost of the raising of the CM's wages onto the customer instead of paying it themselves. The greed knows no end with the Disney company and I myself am really starting to question why I continue to go to Disney World. I do feel I am wasting my hard earned money at times and both my husband and I have looked into selling our two contracts. Somebody somewhere will try to prevent this from happening though. Even if it starts right away next year, there's always the "throwing it out and people getting their money back" tactic to start. And there's also the tactic of "if you've payed your contract off and it's just the dues you're paying, don't pay them" tactic. I really wonder if every DVC owner protested and didn't pay on their contracts or the dues would it hurt them finally? Because Riviera sure isn't selling the way they thought and they lost on Aulani too. They need our money to keep this thing going and if we all quit paying, plus nobody decided to buy a contract, whether it's new or resale, will that finally get them to stop? It's starting to get out of hand and I really think this is a payback for people complaining and basically putting a stop to that point allocation situation last year. I mean, what gives? They're already having problems with both of the Galaxy's Edge not bringing in the number of tourists they thought would be, attendance is down a good bit at both parks as well and then you've got all this negativity with Disney + not working yesterday at launch, making a lot of people mad, and then you've got the Skyliner incident which we already know should have never been built in the first place, given Florida's climate and penchant for storms, it goes on and on. Bob Iger needs to leave the company. He is a pure disgrace to the Disney company. As for this dues increase, I think somebody will lawyer up and it will either disappear or we'll start paying at first but then get the difference back after a lawyer threat. Something's got to give and Disney needs to change.
I kinda feel the pay increase is a bit of a scapegoat. I would be very curious to know how they judge how much a DVC owner is responsible for staff that works in not just DCV but the hotel as well. For instance at Boardwalk there has to be a decent amount of crossover.So whatever money they have in reserve it's a given they will spend it all down to the last penny in any renovations they do, not much incentive to get the most bang for your buck when there is an endless supply of cash flowing in. Are these increases really going for pay increases?
I see this becoming a problem for some owners and seeing how the owners reacted about the points allocation bungle a year or so back, this won't come to pass either. Somebody's going to get smart and get a lawyer on it and it will hopefully be reduced back to what it is. Disney is just passing on the cost of the raising of the CM's wages onto the customer instead of paying it themselves. The greed knows no end with the Disney company and I myself am really starting to question why I continue to go to Disney World. I do feel I am wasting my hard earned money at times and both my husband and I have looked into selling our two contracts. Somebody somewhere will try to prevent this from happening though. Even if it starts right away next year, there's always the "throwing it out and people getting their money back" tactic to start. And there's also the tactic of "if you've payed your contract off and it's just the dues you're paying, don't pay them" tactic. I really wonder if every DVC owner protested and didn't pay on their contracts or the dues would it hurt them finally? Because Riviera sure isn't selling the way they thought and they lost on Aulani too. They need our money to keep this thing going and if we all quit paying, plus nobody decided to buy a contract, whether it's new or resale, will that finally get them to stop? It's starting to get out of hand and I really think this is a payback for people complaining and basically putting a stop to that point allocation situation last year. I mean, what gives? They're already having problems with both of the Galaxy's Edge not bringing in the number of tourists they thought would be, attendance is down a good bit at both parks as well and then you've got all this negativity with Disney + not working yesterday at launch, making a lot of people mad, and then you've got the Skyliner incident which we already know should have never been built in the first place, given Florida's climate and penchant for storms, it goes on and on. Bob Iger needs to leave the company. He is a pure disgrace to the Disney company. As for this dues increase, I think somebody will lawyer up and it will either disappear or we'll start paying at first but then get the difference back after a lawyer threat. Something's got to give and Disney needs to change.
We'll have to wait for the actual financial report to come out. It will detail every dollar spent in the past year and forecast for next year.
This is the first year I've ever gotten an email. 2 home resorts. 1 email but with links for the info. I saw a link for last year's info as well.Just had a look at my email for the Condo meeting. At the end of it there was a summary for Bay Lake, with details of expenditure etc.
You might want to check the emails you got, I assume everyone got one for each home resort.
You have to opt in to get the condo meetings notices by email. If you don't opt in, they will snail mail them.This is the first year I've ever gotten an email. 2 home resorts. 1 email but with links for the info. I saw a link for last year's info as well.
So if this is the norm on getting emails it's new for me and it means not all will get them given how poor they are at getting info out via email. I never get anything outside of my reservations until this came.
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