This is the one thing that interested me that I don’t really follow…but I know you do.
I can get a gold* annual pass instead of a platinum and save $400 so it’s like that extra $20,000 pays for itself? Also it gives me the right to be disappointed that I didn’t get into moonlight magic three times a year.This is the one thing that interested me that I don’t really follow…but I know you do.
So maybe you could explain what kind of temporary insanity would have someone buy a 50% used contract for 4x it’s original price?
It’s not a Victorian mansion…it’s straight depreciation
The actual answer is that as long as Disney raises hotel rates above the rate of inflation, the underlying value of the contract in nominal dollars increases. Plus they added 15 years to OKW. And every year you use, really, you’re using the last year of the contract, in terms of valuing it. And that last year‘s value was already collapsed greatly due to inflation/cost of capital/time value of money to begin with. So you’d expect a direct Old Key West contract to sell for substantially more (in nominal dollars) than when it was new.This is the one thing that interested me that I don’t really follow…but I know you do.
So maybe you could explain what kind of temporary insanity would have someone buy a 50% used contract for 4x it’s original price?
It’s not a Victorian mansion…it’s straight depreciation
And because some buyers don’t know any different. Things never change. We bought in 2010, did a tour at SSR to see the Bay Lake Tower model rooms, made a decision there and then. We had no idea there was a resale market.This is the one thing that interested me that I don’t really follow…but I know you do.
So maybe you could explain what kind of temporary insanity would have someone buy a 50% used contract for 4x it’s original price?
It’s not a Victorian mansion…it’s straight depreciation
Obviously initial property sales are the goals…
Iger is ticked they can’t sell dvds anymore
DVD=Disney Vacation Development Corporation, referred to in all of your ownership paperwork as “the developer”.Iger is ticked they can’t sell dvds anymore
You mean DDC? Disney Development Company?
Or DVC?
Hyatt? I would say upper mid-level Marriott...sadly. The Riviera, while a nice hotel, was completely lacking the Disney Difference...and by that I do not mean "Characters"...It just lacked any sort of special... It was any nice hotel USA. Completely off-brand to my eye. I am still baffled at the idea of abandoning the Disney look and curated style for a chain hotel look... Baffling.
Riviera is Four Seasons level look and feel. Like every Disney Deluxe resort, the service level is Hilton Garden Inn. But the rooms, while styleless, are very nice, and fancy.
I cannot agree with this statement. IMO The four seasons Orlando is notably elevated several notches above what the Riviera is. While I don't know the time and place that the four seasons is trying to portray but as soon as you step in the lobby you feel like you've left Florida. The grounds are immaculate. The pools are stunning and the rooms completely out class Disney.
They used the finest glue to attach things to the walls?
The rooms are very nice and large. But the common area's and the facade are mid level Marriott and too small. It is foolish and sad that Disney will never build a Wilderness lodge or Animal Kingdom lodge again. They no longer know what the Disney difference is or care.
