OKW DVC extension

[DABIGCHEEZ]

I own at SSR but has anyone else heard about the Old Key West DVC lease extension. From what I saw they are voting on it soon(9/24 I think) and it most likely will be approved. What it means if I understand it correct is that they will be offering those who own at OKW the option to extend their purchase by 15 years for $25/pt(currently expiring in 2042 and extending to 2057) I understand you will have the option to buy/extend based on the number of points you own. I don't know if you have to pay for the extension on all your points or if a portion is allowed. This money will need to be paid in full with next years dues. If you don't renew, I saw that they are considering lowering the current resale value by $10/pt. Just thought I'd pass it along if you didn't know about it and wondered your thoughts on this. :wave:

 

[llrain]

my inlaws already received an offer for 25.00 a point..
so they must be real confident they are going to vote positive
otherwise it wouldnt look good if they have to recind the offer

 

[DisneyPhD]

Most of the opinions I've read think that $25 is too much. It's been rumored that $15 will be offered for a limited time. That translates to $1 per point per year which is much more reasonable. I would like to see some other incentive offered like additional points to use right now, kind of like what they are doing to sell AKL by offering double developer points that have to be used within 6 months. Otherwise you're paying for something you can't use for 35 years. I'd almost rather purchase an add-on at AKL (or CRV:animwink: ). I'd have to pay the dues for the next 50 years but at least I'd have points to play with.