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Time Share Disneyland
- Thread starter pj4963
- Start date
SoCalDisneyLover
Well-Known Member
So is the Dream Key with Reservations, but that's not stopping people from buying them.
AJFireman
Well-Known Member
Its a comparison of DVC being a scam and the Dream Magic Key being a scam as well. People are still buying even though they are limited currently with reservations.
Please explain how DVC is a scam. Oh, and they aren't building or doing anything DVC related to the Disneyland Hotel. They are building a 4th resort that will be part DVC and part regular hotel.
Californian Elitist
Well-Known Member
No they’re not.
I was wrong about that part. It is 350 DVC rooms.
Disney Irish
Premium Member
The 4th Hotel was cancelled in October 2018 after the Anaheim Tax Break was revoked, the DVC portion of the project was changed to the DVC Tower being added to the Disneyland Hotel was announced in November 2019.
I got that part wrong.
Hmm, so you're saying that if I had invested my money 15 years ago, I could afford to stay at the Poly, GF, Contemporary, BC or BW for 2-3 weeks every year on the money I would have made from the stock market?
You are completely missing the point of DVC. It is NOT an investment. Why people keep looking at it that way is beyond my understanding.
You are really reaching there. The GF with just a garden view is over $8000 for my next stay. Since I paid only $30,000 for all of my DVC points, I can stay there twice on points for the same amount of time, so would be $16,000 this year alone. Over half of my "investment". So please tell me where I'm going to get 50% return on my money in just one year? And what about the other 24 stays I'vw taken in the last 15 years, a few of them in 3 bedroom grand villas? How would I pay for those out of my initial investment, and still have $16,000 for next years trips?
Disney Irish
Premium Member
Timeshares themselves are not scams, but as with anything in life there are ways to be scammed via timeshares and bad timeshare companies.
It all comes down to the program itself and what someone who is purchasing the membership wants to get out of it. The more reputable the company providing the timeshare the less likely it is for it to be a scam.
At its core I wouldn't call DVC a scam. I also wouldn't call it an investment either. I would call it what it is, a vacation club. You're buying into a membership for the opportunity to vacation at Disney properties around the world.
Some people obviously see worth in the program otherwise it wouldn't be popular and expanding.
To save literally a ton of money on your resort costs over the life of the timeshare. We have saved, off the DISCOUNTED rates, over $50,000 since we bought in. If you look at rack rates, it's over $75,000 saved. I keep track of the best deals that Disney offers, and calculate what it would cost us based on the discount.
I am the first to admit, though, that DVC is NOT for everyone. If someone prefers value or moderate resorts, or only go there once every 4-5 years, then DVC is not for that person. If they prefer off-site, then DVC is definitely not for them. But it is still not a scam by any stretch of the imagination.
You are making a huge assumption about what people have picked for their portfolio. Exactly what stocks did you choose for your comparison?Stock Return Calculator
Compare your investments with this stock return calculator. Compare up to ten tickers for up to twenty years of data. Get detailed chart and table highlighting actual investment results.www.customstockalerts.com
From October 25 2006 to October 24 2021 an investment in the S & P 500 (SPY) would yield a 341% return.
So the return would have been just over $102,000 - if I take NOTHING out for Disney trips. Have you calculated that part as well? My room costs would have been $142,000 for the same period, not including the $16,000 from next year.
We can argue the point all day, but the final thing is that DVC is NOT an investment. Never has been, never will be. If you want to invest your money in stocks and never take any out for a Disney vacation, that is up to you. From your statements, nothing will change your mind that DVC is not for you. I'm perfectly fine with that, and I'm not trying to change your mind about buying into DVC.
Disney Irish
Premium Member
I have no dog in this fight, as I'm not a DVC member nor plan to be. BUT......Stock Return Calculator
Compare your investments with this stock return calculator. Compare up to ten tickers for up to twenty years of data. Get detailed chart and table highlighting actual investment results.
From October 25 2006 to October 24 2021 an investment in the S & P 500 (SPY) would yield a 341% return.
Just socking your money away into a fund or other stock investment is risky, just ask anyone who still hasn't been made whole after the 2008 financial crisis. There is no guarantee that you'll get that ROI year-after-year, decade-after-decade.
Not to mention, what is time worth.... There is something to be said about the value of memories made during a vacation, something that just socking your money away can't produce.
If you personally don't see value in DVC then don't purchase into it. But also don't admonish someone that wants to just because you don't.
truecoat
Well-Known Member
Out of curiosity, what are the maintenance fees on these visits.
My maintenance fees run about $2400 a year. Quite the difference from paying $16,000 to reserve a normal Disney room.
Disney Irish
Premium Member
Point is still the same, there is no such thing as a guaranteed ROI in the stock market. You can remove as much risk as possible and you can still lose your money, the risk will always be there.
Plus as has been pointed out timeshares specifically DVC in this case is not an investment and shouldn't be seen as such. Its a membership into a vacation club which is not an investment.
truecoat
Well-Known Member
So not $30,000 but $66,000.