wannabeBelle
Well-Known Member
My Uncle is considering selling his as well. Marie
-
Welcome to the WDWMAGIC.COM Forums!
Please take a look around, and feel free to sign up and join the community.
News WDW Resorts to add fees for parking
- Thread starter The Visionary Soul
- Start date
nickys
Premium Member
Sell while you can. DVC is just a game of musical chairs. When Disney deflates the value so low you can't even sell except at a loss you'll be the one without a chair when the music stops..
If people want to make money on their DVC points, then selling may be a good move. Demand will probably continue to rise at least until SW:GE and the 50th. The bubble will burst at some point, then start to inflate again.
However, if people are still enjoying vacationing at WDW (or at DL etc) then they have no reason to sell. I have no intention of selling, we're still planning vacations to come. We could make our money back, true, but there's little point while we still plan to come back. We didn't buy into DVC in order to make a profit, we bought in because we like to vacation at WDW and DVC allows us to do so in a way that suits us.
The money grabs will not burst the bubble. If anything, I happen to think the bubble cushions the impact of the money grabs. The downturn in the US economy, whenever that hits, will lead to the bubble bursting. And no, that is not some political statement or prediction; it's just a fact of life that economies go up and down in cycles.
ford91exploder
Resident Curmudgeon
Jnnmmnnngghhhhhg
Points are being systemically devalued, the elimination of perks for resale, raising minimum purchase from 25 to 75, the spiraling maintenance fees, the disgraceful condition of the villas.
DVC until the recent changes was an amazing self sustaining ecosystem which in the words of 'Arthur Blank' was 'Built to Last' good book recommend it.
Now DVC is designed to generate short term cash from sales and financing not provide long term value to the guest.
When we initally bought in we got length of stay park passes. That was explained when we bought in that it was a short term perk to help introduce the 'points' concept. That was in keeping with the low pressure sales.
Now again Disney is selling a product on the basis of long term goodwill for a product which effectively no longer exists.
DVC is now a bubble and it will pop sooner than later. I sold my 800 DVC points.
Started thinking about selling when suddenly could not rent things like GV's and 2Br at the 11 month interval and it would be weird things like a missing day in the middle of the week.
Thought I would miss DVC more than I do especially with the latest round of cash grabs from WDW.
wannabeBelle
Well-Known Member
My Uncle feels the same way about many of the things you mention. Also he is not happy with the perks of the 60 days fast pass and EMH hors being expanded to the Disney Springs resort. Marie
ford91exploder
Resident Curmudgeon
In many ways DVC was the ultimate expression of the old Disney ethos, create a unique place and experience maintain the hell out of it and it will become both beloved and a licence to print money.
But now games are played with DVC inventory so that desirable properties are unavailable at 11 month window.
Or the new trick 'the disappearing ressie' where suddenly your reservation is cancelled because 'room is unavailable for maintenance' or better still 'cancelled by guest' Hey your vacation just went 'poof' because Disney needed it for a VIP or it could be sold for a higher price by CRO. Hope you bought travel insurance or had refundable flights..
Try to prove you did not cancel it, hey Disney refunded your points so its all good right, right???!
Its stuff like this thats going to pop the DVC bubble. Not a downturn because DVC sales were strong even through the 2009-10 recession mainly because then DVC was a solid value proposition.
I'm still not seeing how the bubble bursts. Isn't everything on the market right now sold out or close to sold out? The initial offering and resale market ebbs and flows based on supply and demand (and Disney buying back resales to raise the prices) which is understandable as it needs to be able to justify the price disparity between new offerings and older inventory. For perspective, I bought additional Saratoga Springs two years ago at $78/point and four years ago at $82/point and its now between $90 and $100/point. But the relative exposure on on resale of existing inventory is fairly minimal in comparison to the whole net worth of DVC. The only real risk would be for new construction (The Riviera,etc.) but even then their options are to wait out any downturn, or adjust their pricing accordingly. I personally don't think most people bought into DVC as an investment vehicle to make money out of, I think it was more for the practical use of a timeshare throughout the useful life of the property.
And I just realized that this is the parking fee thread....
nickys
Premium Member
Oh yes, that disappearing reservation! The one that you consistently ignored all requests to give us details about.
No idea why, what's the biggie about telling us what happened? It would make it easier to believe you, rather than assuming it's another "slight" exaggeration. Anything completely unavailable at 11 months is being walked, simple as. I hate it but it happens. They could stop it if they wanted to. And there are far, far more people chasing those studios especially. That's a side effect of the huge increase in small points-holders. That was their decision, and I don't agree with it, but they can't turn the clock back now, there are too many 25 point contracts out there to solve the problem.
And the sales through the recession were solid because, yes it was a good proposition. And of course they had sweeteners galore to buy, even cut the price of some resorts. That's when we bought!
But ultimately, it's your choice whether to sell or not. No criticism here for your decision.
But given this isn't the DVC sub-forum, then I'll leave it there.
ford91exploder
Resident Curmudgeon
As a financial investment DVC sucks, but I bought in for vacations, But when your so called reservation is nothing more than a worthless piece of paper.
During 2017 marathon had a points "reservation" for a GV, First could not find then Desk insisted that we cancelled reservation, upshot was we ended up with 2 standard rooms in GF. Decided to sell immediately after this experience. Life is too short to deal with that kind of garbage
wannabeBelle
Well-Known Member
Wow, Just WOW!!!! and one of the reasons I always tell my clients to have a copy of their reservation on them when traveling!! Although it doesn't sound like it would have helped in this case. Marie
So, someone made a mistake, and they corrected it as best as they could - or should they have thrown someone else under the bus, and given you their villa? Did you end up with a place to stay? I agree that it's annoying when you are planning on having the amenities of a DVC (cooking facilities, etc) and do not get what you've planned. I would have also asked for some meal vouchers if you hadn't purchased a meal plan, as I usually plan on having at least one meal a day in the villa.
But if the same thing happened to me I wouldn't automatically attribute it to some nefarious plot. But then again, I don't share your hatred of Disney management.
ford91exploder
Resident Curmudgeon
There is nothing nefarious going on aimed at me specifically, I assume Disney is simply doing what Airlines do all the time it's called yield management, If you have 2 bookings for the same ovesold seat airlines will give the higher priced seat preference in boarding. It's generally OK there because there is always another flight so its an annoyance. But there is only ONE block of time for your vacation so it sucks to be on the left hand side of the poisson distribution because you are out of luck.
But when it's your vacation and now you have no assurance that you will have somewhere to stay because the hotel can auction off your reservation to a higher bidder well why would one voluntarily subject themselves to that kind of uncertainty.
Also remember last year Disney pulled that same 'cancelled due to maintenance' stunt at CRT so they could instead do a $500 plate dinner special and they only got busted because a local with a reservation saw the advertisement for the $500 plate dinner and outed Disney on Facebook.
WDW is now totally driven by financial incentives, guest service means nothing any longer and that's why I despise the current management team because for 45+ years Disney did not run that way.
As to the 'Guest Recovery'
The accomodations were in no way similar and I had to cough up 2,500 bucks for a suite at the Marriott Grand Vista for the ones who would not fit in the room(s) as we had some extended family with both couples the GV sleeps 12 and the GF rooms slept 4 and we had 10 people total. To top it off Disney charged the same as they did for the Grand Villa mainly because the way it was put to me was take the rooms or forfeit the points
So not one of Disney's more stellar customer service moments, But it does fit the 'Unforgettable Happens Here' narrative out of Disney marketing no chance of any of us forgetting that stay.
Took it as the universe saying it's time to be done giving money to Disney, Sold our points after the last renter finished their vacation. Hell will freeze over before we return to a Disney property.
This is patently false, and you know it. DVC does not arbitrarily cancel points reservations so they can then turn these rooms into cash reservations. That is not how cash rooms at DVC resorts are made available. And if they did as you allege, they be subject to lawsuits by owners.
Question for you, why didn't you either show the front desk the confirming email you received from DVC or your member account reflecting the return of those points if a cancellation had occurred? Or get on the phone with Member Services right then and there? Hummmm?
Please stop spreading such nonsense.
I thought you hadn't visited WDW in years.....
Airlines routinely overbook certain flights based on historical analysis of no-shows and missed connections. Preference is given to individuals who show up first. How many years have you spent in the airline business? My dad spent nearly 40 years ...
GhostHost1000
Premium Member
wow I can assure you that is not how DVC works. I would have been on the phone with DVC right away demanding all your points back even when they got you in another (non-dvc) room
It's fabricated. If word of that got out to we owners, it would be litigation central at Morgan & Morgan.
jakeman
Well-Known Member
jakeman
Well-Known Member
Now that we've put to bed something completely false to get angry about, let's all get back to being angry about something real:Is that burning fabric I smell?
Parking fees!
Now that we've put to bed something completely false to get angry about, let's all get back to being angry about something real:
Parking fees!
I'm DVC, I don't pay them.
