DVC RESALES
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Old 06-04-2013, 04:24 PM   #16
Mickey'sApprentice
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We bought into BWV in 2006 by paying $84/point.

Since then, we've seen points commonly go for $60/point.

Did we lose money? No.

Why?

1) We haven't sold our contract.
2) We've gone on many trips and used our DVC points.

Frankly, in 2042 my BWV points will be worth $0.

We enjoy going to WDW. We enjoy staying at BWV. It was the right choice for us.
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Old 06-04-2013, 04:35 PM   #17
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It's an interesting analysis, but I'm not quite sure what role it plays going forward. Given today's current market, I don't think those results are repeatable. Certainly, many people who own BWV currently can expect a similar outcome should they decide to sell, but the likelihood that someone can buy BWV now with the expectation of recouping the purchase price upon exit is highly unlikely. That being said, your larger point of DVC holding its value significantly better than other timeshares is valid. How much value it holds really depends on what price you buy in at. I shudder to think what this analysis would look like if you performed it for AKV or SSR. (Hint hint).
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Old 06-04-2013, 04:36 PM   #18
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Quote:
Originally Posted by Mickey'sApprentice View Post
We bought into BWV in 2006 by paying $84/point.

Since then, we've seen points commonly go for $60/point.

Did we lose money? No.

Why?

1) We haven't sold our contract.
2) We've gone on many trips and used our DVC points.

Frankly, in 2042 my BWV points will be worth $0.

We enjoy going to WDW. We enjoy staying at BWV. It was the right choice for us.
I curious why you feel the need to defend your purchase.
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Old 06-04-2013, 05:27 PM   #19
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Originally Posted by Mickey'sApprentice View Post
We bought into BWV in 2006 by paying $84/point.

Since then, we've seen points commonly go for $60/point.

Did we lose money? No.
By paying $84/point in 2006, you've saved a lot more than someone who paid $60/point in 2012 (when prices bottomed). I think of it as follows:

$84 - $60 = $24/point spread out over 6 years, or $4/point per year. Add that to your MF and that's how much your vacations cost for the years 2006 to 2012. With a MF below $6/point for those years, you paid less than $10/point for your DVC stays for those years. That's well below what Disney would charge even with a 40% "Room Only" discount, which puts you way ahead of the game compared to someone buying at $60/point in 2012.

By effectively depreciating your points to be the equivalent of $60/point in 2012, going forward, you're going to end paying exactly the same as someone who bought low in 2012. But, in terms of total savings, you'll remain ahead of them forever because of the savings you realized before they became members.

Note that this assumes you would have vacationed at WDW from 2006 to 2012 anyway.
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Old 06-04-2013, 05:57 PM   #20
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So DVC doesn't look to me like a good investment. That doesn't mean it's not a good purchase.
This I agree.
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Old 06-04-2013, 07:13 PM   #21
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This I agree.
It can be for some people. Certainly for most people here - we tend to be a pretty darn content group with our purchase.

But I think we do need to be cautious. We only know and can evaluate our own circumstances, and a lot of people look at these analysis to justify something that it is a struggle to afford. Then, at the first financial difficulty, the house of cards falls down around them. And "hey look, if I bought resale in 2009 how much money I'd make if I sold now in 2013" is GREAT justification, in the worst way, for such people.
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Old 06-04-2013, 07:29 PM   #22
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The 166 point BWV contract ( purchased at $50 and sold for $62 ) was mine. I wish I'd held it for a bit longer, I would have gotten closer to $80 now.
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Old 06-05-2013, 08:01 AM   #23
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Originally Posted by JimMIA View Post
I'm not sure where you are looking for those numbers, but what I see on the ROFR thread is 160 point contracts going for $62-63, and that's only because of the recent bump in prices.
I just looked at SSR listings on the Fidelity website and loaded SSR contracts are advertised from $80 to $130 a point. Not sure what they're actually selling for but this is still a dramatic increase from what I paid back in 2008.
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Old 06-05-2013, 08:20 AM   #24
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I just looked at SSR listings on the Fidelity website and loaded SSR contracts are advertised from $80 to $130 a point. Not sure what they're actually selling for but this is still a dramatic increase from what I paid back in 2008.
I saw that and posted about it on another thread. That has to be an error or just someone floating out high prices to see if anyone is dumb enough to take it.
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Old 06-05-2013, 08:27 AM   #25
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Originally Posted by Chic View Post
I just looked at SSR listings on the Fidelity website and loaded SSR contracts are advertised from $80 to $130 a point. Not sure what they're actually selling for but this is still a dramatic increase from what I paid back in 2008.
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Originally Posted by iluvthsgam View Post
I saw that and posted about it on another thread. That has to be an error or just someone floating out high prices to see if anyone is dumb enough to take it.
Actually someone on another thread said they learned that sellers will raise the price to those levels when they decide they don't want to sell anymore. Their contract stipulates that if the brokers find someone to make a full-price offer, the sellers either have to take it or pay the commission to the broker. Jacking up the price may be a way to run out the clock on a listing without having to pay any additional money.
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Old 06-05-2013, 09:17 AM   #26
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Quote:
Originally Posted by Chic View Post
I just looked at SSR listings on the Fidelity website and loaded SSR contracts are advertised from $80 to $130 a point. Not sure what they're actually selling for but this is still a dramatic increase from what I paid back in 2008.
Okay, that's the problem then. Asking prices are irrelevant.
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Old 06-05-2013, 10:07 AM   #27
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Originally Posted by crisi View Post
But I think we do need to be cautious. We only know and can evaluate our own circumstances, and a lot of people look at these analysis to justify something that it is a struggle to afford. Then, at the first financial difficulty, the house of cards falls down around them. And "hey look, if I bought resale in 2009 how much money I'd make if I sold now in 2013" is GREAT justification, in the worst way, for such people.
Absolutely, and that is my main reservation about a lot of these "financial justifications" for a purchase.

WAY too often, I see people grasping at straws to attempt to justify doing what they WANT despite tons of evidence against them. They will grasp one little example (often hypothetical, not even real! ) and use that to justify a bad decision.

The DVC timeshare salesmen and Fidelity brokers have both made a LOT of money off those folks.
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Old 06-05-2013, 11:00 AM   #28
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Originally Posted by Nabas View Post
By paying $84/point in 2006, you've saved a lot more than someone who paid $60/point in 2012 (when prices bottomed). I think of it as follows:

$84 - $60 = $24/point spread out over 6 years, or $4/point per year. Add that to your MF and that's how much your vacations cost for the years 2006 to 2012. With a MF below $6/point for those years, you paid less than $10/point for your DVC stays for those years. That's well below what Disney would charge even with a 40% "Room Only" discount, which puts you way ahead of the game compared to someone buying at $60/point in 2012.

By effectively depreciating your points to be the equivalent of $60/point in 2012, going forward, you're going to end paying exactly the same as someone who bought low in 2012. But, in terms of total savings, you'll remain ahead of them forever because of the savings you realized before they became members.

Note that this assumes you would have vacationed at WDW from 2006 to 2012 anyway.
Good point
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Old 06-05-2013, 12:23 PM   #29
Mickey'sApprentice
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Quote:
Originally Posted by Nabas View Post
By paying $84/point in 2006, you've saved a lot more than someone who paid $60/point in 2012 (when prices bottomed). I think of it as follows:

$84 - $60 = $24/point spread out over 6 years, or $4/point per year. Add that to your MF and that's how much your vacations cost for the years 2006 to 2012. With a MF below $6/point for those years, you paid less than $10/point for your DVC stays for those years. That's well below what Disney would charge even with a 40% "Room Only" discount, which puts you way ahead of the game compared to someone buying at $60/point in 2012.

By effectively depreciating your points to be the equivalent of $60/point in 2012, going forward, you're going to end paying exactly the same as someone who bought low in 2012. But, in terms of total savings, you'll remain ahead of them forever because of the savings you realized before they became members.

Note that this assumes you would have vacationed at WDW from 2006 to 2012 anyway.
Thank you for saying what I was trying to say.

One of these days, I'll figure out how to say what I really want to say.

I've gotten 6 years use out of my points that was probably worth $24/point.

Can you think of any other way that I could stay in a deluxe hotel within walking distance to Epcot and only pay $60-$80 per night?

VERY HAPPY!
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Old 06-05-2013, 05:00 PM   #30
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This is really fascinating. Thank You for the info. I am curious to see how non WDW resorts have done. Would it be possible to do similar analysis for Hilton Head?
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