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2042, is it true?
- Thread starter marinad
- Start date
slappy magoo
Well-Known Member
Are you a DVC member? If so, was the deed expiration never explained to you???
This could get interesting....
sbkline
Well-Known Member
So, if the "lease" expires in 2042, then it seems to me that the price of joining the DVC should decrease each year, since each year, you're buying a year less. For example, a person who joins in 2007 has 35 years, while a person joining in 2017 has only 25 years. Doesn't seem fair to charge the same price, unless the expiration date gets pushed back each year for those who joined that year. But I doubt that's the case.
slappy magoo
Well-Known Member
OK, now YOU explain that to Disney. :ROFLOL:
OKW, BWV, BCV & VWL end in 2042. So do HHI & VBR, I believe. SSR & AKL, being built later, have later expiration dates. I'm assuming, once those expiration dates hit, the DVC has every intention of re-selling all new interests in the same resorts. couldn't really do that if everyone's deeds expired on different dates. I'm sure the DVC's philosophy is "You want more time, buy in earlier."
For the most part, if you purchased in 2017 you would be purchasing on the resale market and not from Disney, so you would be negotiating with the seller and would want to negotiate a discounted rate.
mousermerf
Account Suspended
Yeah, you cant buy anything but SSR right now and AKL soon.
TwoTigersMom
Well-Known Member
Do you mean in resale? I guess I'm just not understanding this statement. SSR & AKL are for sale right now from DVC. You can buy at all the resorts from DVC, if they have what your looking for available. If not you go on a waiting list. Sorry to get off subject.
Back on the subject, in the presentation, I was told that right now, DVC is not real sure what they will do when 2042 & 2057 hit. They may offer some sort of "extend your points" type thing.
brkgnews
Well-Known Member
The basic gist of buying at a later date (at least buying directly from Disney)... you can buy anything that happens to be available at the time. The price will likely be lower than it originally was (since it was likely a Right-Of-First-Refusal buyback). BUT! your savings may not match up to the amount of time you lose... in other words, your cost may be 20% less, but your lease time may be 30% shorter.
mprewitt
New Member
Since DVC pays for itself in just a few years, 2042 and 2057 aren't an issue for me. Once I reach the break-even point, it doesn't matter. I think 35 years of great vacations is worth it (or 50 years in the case of AKV).
The price of the older resorts (expiring in 2042) will drop as we get closer to that date, but I don't see that happening in the several years.
DVC is a worthwhile investment for those people that will visit WDW a minimum of 1 week every other year, and usually stay at a deluxe resort.
The price of the older resorts (expiring in 2042) will drop as we get closer to that date, but I don't see that happening in the several years.
DVC is a worthwhile investment for those people that will visit WDW a minimum of 1 week every other year, and usually stay at a deluxe resort.
My guess is they will either offer an extension or turn them into moderate resorts since they should be paid for by then.
slappy magoo
Well-Known Member
DVC currently has SSR available for anyone to buy. AKL might be available to anyone to buy right now, or it may still be in a period where only current DVC members can buy "add-on" points there. If this is the case (and I don't think it is) then they will be available to the general public very soon.
As far as the other resorts go, Disney MIGHT POSSIBLY have points to buy in those resorts, but not necessarily. The thing is, when someone wants to sell their interest in DVC, Disney has the right of first refusal. If you owned OKW points, and wanted to sell, Disney could buy them out from under any other potential buyer. From what I understand, they'd probably only do that if you were selling for too cheap a price, because they want to maintain the impression that it's a premium quality product worth a premium price. They will then turn around and sell the points at the current going rate for points at the newer resorts. They do maintain a wait list for people who HAVE to buy at a certai resort, people who want their home resort to be BCV, OKW, VWL and/or BWV and none of the others will do.
BTW, while I could be getting my yank cranked a coworker told me he was one of the original DVC members-bought in the OKW early on, and only paid 45 dollars a point. If that's true, then when you see the resale rates for the DVC resorts that are already "sold out" it doesn't seem like such a bad investment. Hell, BCV gets people asking for over 90 a point, and you know they didn't pay that much to buy in, if they bought in when the resort was new. BCV, VWL and BWV will probably always resell for more than OKW, SSR, HHI and Vero, either because the other resorts aren't on WDW property, or because they're so huge there will always be more new or resellable points available.
mprewitt
New Member
The AKV is available to everyone. I became a DVC member on May 5 by purchasing AKV, so it's been available to the public for at least over a month.
That's true. However, I added-on points at VWL and BWV instantly, without any wait. It was quick and easy, without any closing costs, and the points were immediately mine to use.
Again past performance is no guarantee of future returns. Buying into DVC purely for investment is not a good idea. You would be better off investing in the stock market.
If this is true about AKL expiring in 2057 than what is the advantage of buying SSR? Are they offering lower point costs?
scorp111
Well-Known Member
For what it's worth, I was told the original price for OKW was $56 per point. But I could have had a bad source.
DisneyPhD
Well-Known Member
The most recent discount had AKL at $8 per point off where as SSR was $10 per point off. Also I was incorrect (gasp) SSR expires in 2054 not 2052 so there is only 3 years difference between AKL and SSR.
Also just to note, those that bought at OKW in the early 1990's also got park admission included as an incentive for a number of years. Now we get $100 off AP which isn't bad at all.:animwink: