- Joined
- Apr 29, 2004
When have the DVC resale prices plummeted?ROFR has not stopped DVC prices from plummeting in the past.
When have the DVC resale prices plummeted?ROFR has not stopped DVC prices from plummeting in the past.
Is that not the point of ROFR though? Disney makes sure that price stays where they want it.
When have the DVC resale prices plummeted?
But if they keep taking low ball contracts wouldn't that force buyers to start offering moreROFR does not prevent a sale or market value loss. When Disney enacts ROFR they replace the purchaser in a deal.
But if they keep taking low ball contracts wouldn't that force buyers to start offering more
DVC didn't "plummet" exactly but it steadily decreased and the re-sale market was a graveyard until about 4 years ago.
As another poster commented. It's amazing how quickly we forget about 2008-2016. The "great recession".
Didn't the "Great recession" end in like 2009?
Not quite that quickly but yes, the market was pretty much back to baseline within about 2 years.Didn't the "Great recession" end in like 2009?
I bought direct from disney originally and they accept credit card. What I did was finance on a 0% APR credit card for 18 months and paid it off in that 18 months so I essentially financed it for freeI personally look at the whole thing like this: DVC is a long term investment. You're not going to see a ROI until maybe 10-15 years depending on contract/vacations and assuming you're not renting points out.
There are a few different thoughts here. I personally would either pay out the whole thing in cash up front or finance 50% of it with a home equity loan. I certainly will NEVER finance something like this with a god awful 10+% interest rate. If you're financing a vacation with that kind of rate, then you are foolish.
The cost of a cash layout is the opportunity cost of not having that cash in the short and medium term of the loan. So, my personal threshold is that when I can afford to drop 20-40k on a property and not suffer the opportunity of cost of cash on hand, then it's time to pull the trigger.
(I've been considering the financing of a 300ish pt contract)
It makes sense if you travel to Disney World every year and were going to stay at deluxe level resorts anyways.I have run the numbers many many times. Even with paying all cash, I still don't get the advantage of paying thousands of dollars a year for a vacation that will cost thousands of dollars a year anyway. If I own 200 points and my maintenance fee is $7, I'm paying $1400 just for maintenance and that is where I draw the line. Not worth it. (But I will happily rent points and help that member pay their fees
My dues on all my points is around 2k a year but when I look at what I would pay cash it's close to 10k a year for the amount of days we travel. So it still makes sense over time.I don't see DVC as buying or financing real estate, I see it as paying monthly rent for an annual or longer vacation. You're left with nothing at the end either way. The only advantage is knowing how much that vacation is going to cost each month.
I have run the numbers many many times. Even with paying all cash, I still don't get the advantage of paying thousands of dollars a year for a vacation that will cost thousands of dollars a year anyway. If I own 200 points and my maintenance fee is $7, I'm paying $1400 just for maintenance and that is where I draw the line. Not worth it. (But I will happily rent points and help that member pay their fees
But I listen to the DVC show, especially Jackie, and it all sounds wonderful and I wish I had bought when Boardwalk opened. We toured it and just weren't in a good place then. But we didn't even know we could finance directly with Disney or we would probably have jumped in anyway lol.