Current Owners: Would you Buy At 2021 prices?

[AdamsMum]

Funny enough, we considered the BCV contract expiring in 2042 as a benefit to buying at one of those resorts

Me too, although I bought in 2007. My kids have grown up and have other things to do with their vacation time. The biggest problem I see with some timeshares is that contract in perpituity. Even if there were years to be left to them (I'll be 85 in 2042), who knows what the maintenance fees will be by then. It could end up being a liability. I just hope I'm able to enjoy it for the rest of the contract.

 

[ToodlesRN]

To all current DVC owners who bought in awhile back.... would you do so again?

just went to DVC website to look at direct Disney costs: I was SHOCKED.

For 5 days a year. Family of 4.
150 points recommended.

$30,000!!!

When I talk to folks who bought in 10 years ago+, they got a steal.
I am asking non-Florida residents.

when you take into Costs of travel, tickets, etc., does it make sense to still purchase today?

RESALE market hasn’t softened much at all..

A previous DIS poster mentioned their all-in costs was equivalent to paying cash for their current home.

Enjoying reading the comments, as I have been thinking of selling our GCV contract and purchase an Aulani contract. Never thought about the options of direct or resale so this is making me decide which route to take with purchasing. We bought in 2007 and 2008, the prices are astonishing now!!

 

[Matty B13]

Enjoying reading the comments, as I have been thinking of selling our GCV contract and purchase an Aulani contract. Never thought about the options of direct or resale so this is making me decide which route to take with purchasing. We bought in 2007 and 2008, the prices are astonishing now!!

You could buy double the amount of points with a resale contract after you sold the GCV one, but I would really think twice about it. GCV are very high in demand, and Alani not so much.

 

[sssteele]

I can't justify today's prices in my mind, but that's because we bought BCV in 2002 (300 points) We could sell now for almost 3 times our purchase price -$60K. The difference (about$40K) goes a long way towards dues we've paid. Can't picture that scenario with today's prices and dues.

 

[paults]

No way would I buy any DVC resorts now at these prices. Sorry

 

[New Mouse]

We only bought last year (via resale), so we don't fit into your category of those "who bought in awhile back". However, IMO, DVC still makes sense. Yes prices have gone up compared to when you bought into DVC, but that is inflation and occurs across all industries. The important thing to remember is that while DVC prices have gone up, so has the cost to book room at these resorts through Disney. So the value of DVC is still there...very much so. DVC owners still save a lot of money on rooms over the life of the contract.

The value of DVC has gone down significantly. That fact is plastered all over their advertising. That also doesnt factor in substantially higher point charts and maintenance fees.

 

[crisi]

Absolutely not. We bought in 2001 - and got BWV at $63 a point, 150 points. I had set a limit of $10k - that year we got a $13k bonus from my husbands job - after taxes. I mean, maybe if bonuses were enough to pay in cash for a contract - but contracts have gone up faster than bonuses.

 

[DVC Doctor]

The value of DVC has gone down significantly. That fact is plastered all over their advertising. That also doesnt factor in substantially higher point charts and maintenance fees.

especially for Riviera

Absolutely not. We bought in 2001 - and got BWV at $63 a point, 150 points. I had set a limit of $10k - that year we got a $13k bonus from my husbands job - after taxes. I mean, maybe if bonuses were enough to pay in cash for a contract - but contracts have gone up faster than bonuses.

$63 in 2001 is equivalent to $95 today

https://www.inflationtool.com/us-dollar/2001-to-present-value?amount=63

 

[DVCsloth]

I paid $165 direct for GFV and that was a lot of money to me in 2015. Now resales are more expensive than that, so prices go up. A new vehicle has gone up about 35% since 2014 since I bought new.

 

[bakerworld]

We bought all our home direct. We added direct in '19 because we wanted 30 points in our use year. $225/pp cured add-on-itis with no chance of future relapse.

 

[New Mouse]

We bought all our home direct. We added direct in '19 because we wanted 30 points in our use year. $225/pp cured add-on-itis with no chance of future relapse.

This is part of why DVC starting to mess with the point.charts and raise the points required to book is troubling. They have likely hit a theoretical peak on what people will pay per point, hence the slow sales at Riviera. They need to generate revenue somehow.

To be blunt, the current leadership at DVC is slimy.

 

[crisi]

especially for Riviera



$63 in 2001 is equivalent to $95 today

https://www.inflationtool.com/us-dollar/2001-to-present-value?amount=63

But the $13k in bonus didn't become $19k in the intervening years.

 

[DVC Doctor]

But the $13k in bonus didn't become $19k in the intervening years.

DVC prices are outpacing inflation for sure and be GLAD you were able to buy in at $63pp and got to use it for 20 years and can now sell that contract for double what you originally paid. There are not too many vacation purchases that can match that.

 

[smisale]

yes I would for sure and have. You can read the blog from our sponsor about where prices are going month to month. Demand is high so i think prices are going to climb higher so if you want to buy and save now is the time again it my opinion no one really know but history shows its a steady climb with a few dips

 

[crisi]

DVC prices are outpacing inflation for sure and be GLAD you were able to buy in at $63pp and got to use it for 20 years and can now sell that contract for double what you originally paid. There are not too many vacation purchases that can match that.

Book value is useless unless I sell it. Not something to be factored in at all because it might be worth a lot less on the day I sell it - or I may just let it expire.

 

[DVC Doctor]

Book value is useless unless I sell it. Not something to be factored in at all because it might be worth a lot less on the day I sell it - or I may just let it expire.

21 years use is still a long time in my book and the value of being about to book BWV at 11 months for under $8pp is a fantastic purchase and great inherent value

 

[crisi]

21 years use is still a long time in my book and the value of being about to book BWV at 11 months for under $8pp is a fantastic purchase and great inherent value

It has been a good value, but it hasn't saved us money. And right now we are dumping money into it and getting nothing in return. I'm not traveling during Covid, and I'm not renting my points out to someone else that will enable THEM to travel during Covid, so I'll lose two years of points and pay dues on them - not a big deal for us in the scheme of things, but if $4k was a lot of money to us, it would be.

 

[Lulubelle17]

We only bought last year (via resale), so we don't fit into your category of those "who bought in awhile back". However, IMO, DVC still makes sense. Yes prices have gone up compared to when you bought into DVC, but that is inflation and occurs across all industries. The important thing to remember is that while DVC prices have gone up, so has the cost to book room at these resorts through Disney. So the value of DVC is still there...very much so. DVC owners still save a lot of money on rooms over the life of the contract.

I agree with you. All those who say that what they paid is like peanuts compared to today's prices forget that DVC was expensive when they bought it compared to the cost of living back then. Yes, DVC prices have grown faster than inflation, but it wasn't a bargain then and it isn't a bargain now. Of course it is worth it if it fits your vacation needs, lifestyle, and income/budget and I would buy in at today's prices if it met my needs.

 

[DVCanadian]

Bought 520 points resale for $50 pp in 2011 so current prices seem outrageous.
Come here every few months just to marvel over how high the prices are and say to my wife “imagine buying 520 points at $165 pp (direct)!”

Maybe inflation means the $26,000 I paid is similar to $85,800 direct now, or $52,000 resale but sure doesn’t feel that way.

 

[DVCSunDevil]

It has been a good value, but it hasn't saved us money. And right now we are dumping money into it and getting nothing in return. I'm not traveling during Covid, and I'm not renting my points out to someone else that will enable THEM to travel during Covid, so I'll lose two years of points and pay dues on them - not a big deal for us in the scheme of things, but if $4k was a lot of money to us, it would be.

To be fair, that is a "you" decision. Your decision not to travel or not to rent your points has nothing to do with DVC or Disney. You are the one making the design to "dump money" into DVC while not reaping any of the benefits.