captainkidd
Well-Known Member
That is exactly what is happening.
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Why DVC - No Number Crunching Allowed
- Thread starter DVCOwner
- Start date
That is exactly what is happening.
GoofGoof
Premium Member
I wonder if it's just that people don't realize the resale market exists. Either that or they really like taking cruises with their points.
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I think that a lot of the resale is from people that really did not think it out before buying. I know that we spent weeks after we returned from Walt Disney World before decieding to purchase. For us it was not a "number crunching" time, but we had to know that Disney Vacation Club was right for us and the way we wanted to visit Walt Disney World. Years after we purchased points from Disney Vacation Club, we did add on points from the resale market. We are again thinking of adding additional points from the resale market due to the family is getting ready to grow again.
BCVTalsJam
Active Member
We bought directly from Disney at the Beach Club and loved the experience. Wouldn't go through resales here...we love that we also have a contact down at Wdw as well.
Phonedave
Well-Known Member
I wonder if it's just that people don't realize the resale market exists. Either that or they really like taking cruises with their points.
Quite the oppsite. The DVC resale market is artifically HIGH. Take a look at just about any other time share re-sale out there. People are giving away time shares just so they can get out of paying the dues. DVC does a very good job with their ROFR in keeping the re-sale market higher than it would be. This was one of the reasons that DVC appealed to me, as opposed to a traditional time share (I looked into others at one time). With DVC you had a good chance of being able to sell your contract if you had to, and not have it be too much of a loss. Other time share people cannot even get rid of them. Nobody wants them for free - even the company that is selling them, because then they would have to assume the dues. People are stuck paying dues on a contract they don't want, and cannot even walk away from.
-dave
Phonedave
Well-Known Member
Somtimes things change as well. I can see situations where it is not a financial burden, but a lifestyle change. Maybe something happens and a person cannot travel due to physical reasons. Maybe a person that lived withing driving distance now gets a job offer far away, maybe even overseas, and decided that frequent trips to a DVC property are no longer in the cards, maybe a unexpected child comes along and all of a sudden selling off the DVC contract in order to pay for an addition on the house looks like a really good idea. Maybe an awesome deal on a great vacation house just presented itself - an investment that will appreciate over time (as opposed to DVC). I can think of a bunch of reasons that a person may wish to pull the remaining equity out of their DVC contract, aside from financial downturn.
-dave
captainkidd
Well-Known Member
Bingo. You just don't know.
dreamfinder
Well-Known Member
This. DVC loves people who make emotional decisions about the purchase. Actually, all timeshare does. But where Disney already plays up emotion, DVC just rides along for that. They then get home and realize that they can't travel every year, or the kids won't want to go so the number of points they bought doesn't make sense, etc. If DVC publicized the fact they will sell you several smaller contracts to buy in instead of buying one large contract I think you might see more people keeping some of their points, but where it's an all or nothing deal, people may have no choice but to unload it.
If you want DVC and can afford it, you will enjoy it. If you live your entire life thinking something might happen or things might change, then you'll never make any big purchase. If you buy that SUV, gas may go up to $6 a gallon. If you buy that new boat, your favorite fishing hole may dry up because of a drought (actually happened to a friend). If you buy that house, the market might crash (happened to a lot of people) or you out grow it too fast. Also, a vacation home may appreciate, but it will never be a good investment - cost of ownership usually take away any gains. People buy vacations homes because it allows them to enjoy their life more. They enjoy having it, just like people enjoy DVC. DVC does allow for life changes - RCI exchanges, renting points, Disney trips, etc. These are not the best use of points, but it's better than losing them. Heck, when I can't use my points, I'll donate them to charity and write it off.
Disneykidder
Well-Known Member
captainkidd
Well-Known Member
I agree with the "you only live once" mentality, but it's not as black and white as that. There are other variables, just like anything. The difference between all those things you mentioned and DVC is, not owning DVC doesn't stop you from being able to take fabulous vacations. It simply allows you to not have to worry about expensive monthly payments if you can't afford it.
DVC is a life choice. I know some people who own vacation homes and others who rent vacation homes for part of the summer - both have pluses and minuses. I didn't have to finance DVC, so I look at the monthly payments differently - really not that much. So DVC now makes me take vacations and allows me to invite other people - if I was paying cash, it would be much harder "mentally" to say "we have the room covered". Now, you can most definitely take a fabulous vacation to WDW without DVC. However, if money is tight the cash visitor will skip a year or two, whereas a DVC owner will probably make it work - again, Life choice.
People will always talk about the "buy-in" and how I could have used that money elsewhere. Again, life choice, as long as you have your financial ducks in a row, then you can splurge on things like DVC - first time I talked to DVC, I said no and they couldn't follow up with me at home as my state law doesn't allow it (went resale). I look at the buy-in as in any other big luxury item - the money is gone. I bought a mini-van 10 years ago and now it's worth a tenth of what I paid for it. I could have bought a cheaper van, and still had a van, but bought the cool one - can't believe I just said cool and mini-van together.
Life choice is why there will never be a right answer to DVC - everyone will measure each factor differently and how it individually applies to them. For me, DVC works.
People will always talk about the "buy-in" and how I could have used that money elsewhere. Again, life choice, as long as you have your financial ducks in a row, then you can splurge on things like DVC - first time I talked to DVC, I said no and they couldn't follow up with me at home as my state law doesn't allow it (went resale). I look at the buy-in as in any other big luxury item - the money is gone. I bought a mini-van 10 years ago and now it's worth a tenth of what I paid for it. I could have bought a cheaper van, and still had a van, but bought the cool one - can't believe I just said cool and mini-van together.
Life choice is why there will never be a right answer to DVC - everyone will measure each factor differently and how it individually applies to them. For me, DVC works.
Phonedave
Well-Known Member
That was not my point. My point was that financial downturn is not the only reason that people may be selling off their DVC There are many other reasons that may cause a person to offload their DVC interest.
-dave
I do think that inviting other people and not worrying about them having to pay for rooms is one of the things that I love the most about being a member of Disney Vacation Club. I know that several of the families that we have taken with us to Walt Disney World would never have been able to go if they would have had to pay for rooms along with all the other cost. When the kids where young they where allowed to bring friends and everyone enjoyed the trip more. Now that both kids are married, we have added enough points so they can bring other families with them. We usually get two two-bedrooms allowing the guest the use of the "studio" portion of the suite. One of the big highlights of any trip we make is the fun we have hosting families who have never been to Walt Disney World and helping them enjoy it as much as we do.
captainkidd
Well-Known Member
Sorry, I have to ask - How is that? For most people, the most expensive part of a trip to Hawaii is the airfare. The lodging costs aren't the major problem.
GoofGoof
Premium Member
Not to mention... been there, and my greatest disappointment? No decent restaurants. Now, this was DECADES ago, in the '80s... has anything changed?
Not a big fan of Spam?
What island(s) did you visit? I had some pretty fantastic meals on Maui and Kauai in my 2 trips. Great seafood restaurants and excellent Sushi. Tons and tons of Japanese tourists so you know the sushi is going to be good and authentic. the steaks were really good too. Parker Ranch on the Big Island was once the largest cattle ranch in the country and is still one of the largest so there is no shortage of home grown beef.
From what I understand from some others who had been to Maui and Kauai in the 80s and then back again more recently is the places have really developed over the past 30 years. This is seen as a positive and a negative depending on who you ask. Most of the high end resorts have good (but very expensive) restaurants and if you know where to look some local spots that are great.
For me personally, I would rate Oahu 4th out of the 4 major islands. Waikiki reminded me too much of Miami Beach. Lots of generic food places too. The North Shore was more my style, but there is much less going on over there. Aulani is away from the congestion of Honolulu and pretty close to Pearl Harbor (a must see for anyone going to Oahu - very moving place).
GoofGoof
Premium Member
Everything about Hawaii is expensive. You can find cheaper rooms, but if you stay at a major resort you are looking at $400+ per night. Food is very expensive too. When we went on our honeymoon (10 years ago now) we spent about $6K for 12 nights. I think the airfare was about 25% of that. If you shop around you can get RT airfare from Philly to Honolulu for about $700 as an example. For my 2nd trip a few years ago, we got frequent flier tickets and had a generous uncle who traded in his timeshare for us and got us a condo on Kauai. I may not have shelled out the cash for both the room and the plane so it is possible for someone to say they would not have gone without DVC.
Sorry, forgot to add: from S. Cali you can get a flight to HI for around what I pay to fly to FL so for our West coast friends it isn't too expensive.