New Titles and Positions Announced including Jim MacPhee

[jt04]

Someone has control over EPCOT. Someone from MK. That's what scares me.

Again, I think Glendale WDI will be micro-managing the important stuff and that is fine with me. Any insiders see it different?

The insiders seem to have run for the hills. Where did they all go?:shrug:

Tirian seems to be the only one to comment and he had little to say.

 

[jt04]

I agree with you on that. Disney offers DVC members all sorts of other opportunities as opposed to parks as well. If people start seeing negative returns from Disney then they might use their points for something else. That of course leads Disney to much less profit from merch and food (huge money makers).

But the profit will increase wherever they do go.

I think in 10 years the Disney travel sector will be so amazing people will regret not buying in earlier. It will truly be a customer friendly all inclusive program to just about anywhere on the globe available in safe care free packages.

And I disagree with wdw74, I'm convinced Disney chartered air planes will be part of the future. Just the way I see it.

 

[EPCOT Explorer]

Again, I think Glendale WDI will be micro-managing the important stuff and that is fine with me. Any insiders see it different?

The insiders seem to have run for the hills. Where did they all go?:shrug:

Tirian seems to be the only one to comment and he had little to say.

So you think more clones and less inique projects? Good for the MK/DAK/MK...bad for EPCOT.

 

[WDWFigment]

You make some good points, you should be a lawyer

It is hard to have a topic on DVC because people on both sides become very emotional. It is like you are not suppose to talk about politics, strollers, pool hopping etc.

You stated:

My question, are you a DVC owner? I'm asking because your first statement is kind of a put off to people right off the bat. It might be the air quotes and the term "in the know".

I want to state I have not stated DVC is a bad decision. I will not get into that debate. I will discuss Disney business decisions and have a healthy debate on that subject.

Disney offers DVC to hook people to Disney. DVC people are locked in for 50 years. What is the incentive to keep the parks fresh, Disney has somebody's annual fee? You can't get out of that, well maybe bankrupt will get you out of the contract. You either pay the yearly fees or sell to someone. If no one buys, you are still stuck for the term of the contract. I don't think you can void the contract and say I'm done.

It does sound short sighted on Disney part but that is what business are doing these days. They are selling out long term for that quick dollar today to please stockholders. They don't have to worry about selling the existing DVC under contract for 25-50 years, Iger will be long gone, with his billions.

Some people say they will take the DVC points elsewhere. That is the only hope where Disney DVC causes competition within other Disney resorts or ABD. Whether you spend the points at WDW, DL or Tokyo, Disney gets the money.


Bottom line, I do think Disney can keep from having to refresh the parks as much as the past because DVC brings in repeat visitors. Before DVC, Disney would have to refresh the parks more often to get the repeat visitors.

No, I am not a DVC owner. I've been watching the market, and with the resale prices continuing to plummet because DVC is not exercising its ROFR (presumably because it doesn't want to add to its already high point inventory), I will wait one to two years, until I believe the market has bottomed out, and then purchase.

Even if I were a DVC owner, I think when you discuss/debate, you must check your emotions at the door. Rationality beats emotions 100 times out of 100.

As for your points, I believe I addressed all of them in my initial post. DVC owners are hardly a captive audience; they are not locked in for the exact reasons I stated above.

Further, you don't have to file bankruptcy to get out of your contract. Approximately 75% of DVC purchases are financed through Disney (which does in-house financing). If you default on your loan, Disney simply puts the points back in its inventory, and attempts to resell them. While, at first blush, it may seem advantageous to Disney for people to default, in an economy like this, it is not (given that Disney then loses other revenue from that lost contract). Even when the economy improves, I still doubt people defaulting is advantageous for Disney--if people are defaulting at high percentages in a good economy, there is a good chance their default was somehow caused by Disney's acts. Those same acts will probably cause less people to purchase DVC. Again, creating to a high inventory, which is not what Disney wants.

I'll readily concede that it's not quite the same as DLR. You don't have the ease of getting out (going one of the aforementioned stated routes is easier than simply not renewing an AP) and, even with the over-saturation of DVC, you still don't have the number of repeat visitors coming to WDW because of DVC as you do coming to DLR.

Still, if I were an executive, I would be forward-thinking enough to realize it's not as easy as collecting those huge monetary sums up front and coasting along with your captive audience. Then again, I'm egotistical, and I would care more about making shareholders happy in the few years I'm there. I'd want to leave a legacy.

 

[Computer Magic]

People are not "locked in". That is just your way of looking at it. Put it this way, they DVC purchasers have "locked in" Disney at a certain price that 10 and 20 years from now will be MUCH more expensive. I'm talking about resort prices. People choose to purchase and if it's not for you it's not for you.

Can you break the contract without selling to someone? If not, you are locked into the contract.

relax, I glad you a happy with your purchase.

 

[EPCOT Explorer]

No, I am not a DVC owner. I've been watching the market, and with the resale prices continuing to plummet because DVC is not exercising its ROFR (presumably because it doesn't want to add to its already high point inventory). I will wait one to two years, until I believe the market has bottomed out, and then purchase.

As for your points, I believe I addressed all of them in my initial post. DVC owners are hardly a captive audience; they are not locked in for the exact reasons I stated above.

You don't have to file bankruptcy to get out of your contract. Approximately 75% of DVC purchases are financed through Disney (which does in-house financing). If you default on your loan, Disney simply puts the points back in its inventory, and attempts to resell them. While, at first blush, it may seem advantageous to Disney for people to default, in an economy like this, it is not (given that Disney then loses other revenue from that lost contract).

I know, it's not quite the same as DLR; you don't have the ease of getting out (going one of the aforementioned stated routes is easier than simply not renewing an AP) and, even with the over-saturation of DVC, you still don't have the number of repeat visitors coming to WDW because of DVC as you do coming to DLR.

Still, if I were an executive, I would be forward-thinking enough to realize it's not as easy as collecting those huge monetary sums up front and coasting along with your captive audience. Then again, I'm egotistical, and I would care more about making shareholders happy in the few years I'm there. I'd want to leave a legacy.

They closed that program years ago, I'm afraid.:lookaroun:lol:

I generally agree. It's time for WDW tro be about DISNEY rather than DVC again.

 

[jt04]

So you think more clones and less inique projects? Good for the MK/DAK/MK...bad for EPCOT.

This is how I look at it, because Epcot is so unique, it will not be as likely to get clones. I think WDI's priority will be fixing JII first, then TT and Energy and a "Land" film for Soarin'. Hopefully an expanded Space Pavilion someday and an E Ticket for Seas and WS down the road. Epcot needs a lot of help from WDI and I think that help is on the way.

Again, all my opinion.

 

[drew81]

This is how I look at it, because Epcot is so unique, it will not be as likely to get clones. I think WDI's priority will be fixing JII first, then TT and Energy and a "Land" film for Soarin'. Hopefully an expanded Space Pavilion someday and an E Ticket for Seas and WS down the road. Epcot needs a lot of help from WDI and I think that help is on the way.

Again, all my opinion.

That would be excellent.

 

[mcjaco]

I think the priority should be Energy. JII has had two chances in the time Energy had one redo. Let's stop fixing a pavilion with band aids, while another pavilion that really needs some TLC sits and squanders away.

It's time to bring back Energy to it's fullest.

 

[Computer Magic]

No, I am not a DVC owner. I've been watching the market, and with the resale prices continuing to plummet because DVC is not exercising its ROFR (presumably because it doesn't want to add to its already high point inventory), I will wait one to two years, until I believe the market has bottomed out, and then purchase.

Agreed this is the time to buy. People can take advantage of those that lost their jobs and have to sell at a huge lose. Supply and Demand. Don't take that the wrong way, I have also done some searches on DVC pricing. I saw AKV as low as $88 per point. I just don't know if I will be going to Disney at 85 :lol:

Even if I were a DVC owner, I think when you discuss/debate, you must check your emotions at the door. Rationality beats emotions 100 times out of 100.

We agree. I have always saw that with your post.

Further, you don't have to file bankruptcy to get out of your contract. Approximately 75% of DVC purchases are financed through Disney (which does in-house financing). If you default on your loan, Disney simply puts the points back in its inventory, and attempts to resell them. While, at first blush, it may seem advantageous to Disney for people to default, in an economy like this, it is not (given that Disney then loses other revenue from that lost contract). .

That doesn't make me feel better, my credit score goes down the tube for bailing out on a loan.

I will say, Disney finance is a money maker. How long is the loan?

Still, if I were an executive, I would be forward-thinking enough to realize it's not as easy as collecting those huge monetary sums up front and coasting along with your captive audience. Then again, I'm egotistical, and I would care more about making shareholders happy in the few years I'm there. I'd want to leave a legacy.

I try to invest in stocks were the CEO is forward thinking. I wish more companies thought like you.

 

[Computer Magic]

I generally agree. It's time for WDW tro be about DISNEY rather than DVC again.

exactly. I have been thinking about this for a while. There is a lot of money going towards BLT, Tree Villias, AKV, and Hawaii.

 

[jt04]

I think the priority should be Energy. JII has had two chances in the time Energy had one redo. Let's stop fixing a pavilion with band aids, while another pavilion that really needs some TLC sits and squanders away.

It's time to bring back Energy to it's fullest.

I think the days of "failed" refurbs at WDW are over.

And I agree with you but it could be that JII is much cheaper to fix than Energy and in this economy that may be what decides it. The Energy pavilion needs to be done from the ground up more than any other pavilion. It's pathetic what happened to it. Eisner leadership at its worst.:brick:

 

[Captain Chaos]

Can you break the contract without selling to someone? If not, you are locked into the contract.

relax, I glad you a happy with your purchase.

I am a DVC owner. I am not locked in per se. I can always not pay and the contract is ripped up. I lose my membership.

 

[WDWFigment]

Agreed this is the time to buy. You can take advantage of those that lost their jobs and have to sell at a huge lose. Supply and Demand. Don't take that the wrong way, I have also done some searches on DVC pricing. I saw AKV as low as $88 per point.

Now is a good time, but I really think it's going to keep getting worse for DVC (see below *).

That doesn't make me feel better, my credit score goes down the tube for bailing out on a loan.

Actually, finance through Disney, and it doesn't affect your credit score. I can't remember the exact explanation as to why this is the case, but I am almost positive it is true. I'll do a search later to see if I can dig up more information.

Still, you lose the benefit of resale prices and/or third party financing rates, so unless you're planning on defaulting, the better bet is to buy resale and/or finance via a credit union or bank.

My point there was only to show another method people have to get out. While it may be unappealing to you because of the negative impact on your credit score, a lot of people don't think like that (if they did, they probably would be more likely to buy resale and/or finance through Disney).

I will say, Disney finance is a money maker. How long is the loan?

*I'm not exactly sure, and it has been a huge money-maker. However, check out this: http://www.orlandosentinel.com/business/orl-diztimeshare1209feb12,0,4931450.story

This is my rationale for my belief that prices will continue to drop, as DVC won't be exercising ROFR as much.

 

[Captain Chaos]

That doesn't make me feel better, my credit score goes down the tube for bailing out on a loan.

With a bank or mortgage broker, yes... With Disney, no... If you default on your loan with DVC, you only lose points and it is not reported to the credit agencies... I verified this 1000 times before purchasing...

 

[Captain Chaos]

Actually, finance through Disney, and it doesn't affect your credit score. I can't remember the exact explanation as to why this is the case, but I am almost positive it is true. I'll do a search later to see if I can dig up more information.

No need to research... The reason for this is you don't own the resort or the land under the resort... Disney does... You simply own points and the right to a room... Not the room itself... So, basically, you do not own the property, Disney does... That is why it does not affect your credit score...

 

[Computer Magic]

question answered

 

[Computer Magic]

With a bank or mortgage broker, yes... With Disney, no... If you default on your loan with DVC, you only lose points and it is not reported to the credit agencies... I verified this 1000 times before purchasing...

That is interesting.....

 

[WDWFigment]

No need to research... The reason for this is you don't own the resort or the land under the resort... Disney does... You simply own points and the right to a room... Not the room itself... So, basically, you do not own the property, Disney does... That is why it does not affect your credit score...

You still have property rights, and you're still breaching a contract; this is not the reason why. Let me see if I can find out the correct reason.

 

[Captain Chaos]

You still have property rights, and you're still breaching a contract; this is not the reason why. Let me see if I can find out the correct reason.

This is what my sales agent told me was the reason we don't get reported to the credit agencies... I am interested in what you find out though...