| tjkraz |
12-26-2012 08:37 AM |
The subsidy does follow transfers-of-ownership but Disney is typically very aggressive in ROFR on subsidized contracts. At least that's the case with Vero and they have even more reason to ROFR Aulani.
With the subsidy approaching $2 per point, over the next 50 years it will cost DVD $80 or so per point. It only makes sense for them to spend a little more to buy back the subsidized contracts to avoid the much bigger liability down the road.
Quote:
Originally Posted by htmlkid
(Post 46993676)
Also remember too that even on a contract with regular MF's there is a developer subsidy and another subsidy adding up to over$2 a point that will eventually expire.
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The builder's subsidy is designed to cover the excess operating costs of common area amenities which are not yet being supported by a full slate of owners.
Take something like the main pool. Operations of the pool must be fully funded from Day One even though only a fraction of the points have been sold. As more points are sold--and more owners share the cost of these amenities--the subsidy dwindles organically with no adverse impact on dues.
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