This makes me a bit nervous. What’s the 90-day rule with closings…can I spread final payment out to align with overlap for a potential Black Friday or new incentives to
Technically, this is at DVC's discretion (versus the 10 day right of rescission which is the law) but my guide and others indicated that if you elect for a 90 day close with payments spread throughout, you will be able to change any of the terms (changing resorts, adding points, or implementing better incentives if they come along) as long as it is before the contract closes. We did a deposit plus 30/60/90 day payments.
I hope someone tries to get it in writing. Would potentially tell us if DVC realizes that it may need to offer more incentives sometime before the need of the year.
I doubt a guide would be dumb enough to put something so definitive in writing....
This is the key - it's the price. We saw this with BPK at the end when they were pushing to sell it out - if they have to move Poly points in a year, they know how to do it.
That's a bit of a reach. DVC has done various member meetings for decades. I can't remember the timeframe but minimum 10 years ago they went thru a period of holding afternoon meetings at Top of the World Lounge. For many, many years they held weekly update meetings Wednesdays at Atlantic Dance Hall. There have always been scattered reports of guides giving out sketchy information. Just because someone is either misinformed or desperate to make a sale doesn't mean there have been philosophical changes handed-down at an institutional level.
Parents who are age 25-40 today were in their teens when BLT and Poly were last selling.
What I can say is, in recent months, compared to about two years ago when we began seriously exploring memberships:
Absolutely, but putting the costs into a basic inflation calculator does not negate my point. Additionally, looking at an OKW points chart compared to the Poly 2 points chart does not negate my point. You can tell me they are different experiences, and that Poly might well be worth a point premium, you can also tell me that cash rates at WDW have outpaced inflation. That's fine, it does not negate my point which was the buyer pool may be shrinking as both supply and costs go up - and those costs buy you less of a room than yesterday.
I don't think anyone is questioning that. As they say, the mouse always wins.
Special offers on DCL are also nothing new. There was a time when people would actually ask on the DIS "is it worth booking a short Disney cruise so I can buy DVC with the on-board offer?"
The buyer pool always is what it proves itself to be. If DVC has to discount to sell at what they believe to be an appropriate pace, they will. I'm not the least bit surprised that they're aiming high with a shiny new tower pointed right at the Magic Kingdom.
Disney is most likely self-insured as many large companies are.
this is my guess as well, but I assume that DVC owners some how have to foot the bill?
In the annual budgets, DVC list the insurance budget for each resort. Unsure if this is just members paying Disney to self-insure or actual outside insurance. Anyway, the most expensive resorts in terms of insurance are, not surprisingly, VB then HH then VGC (probably the added cost of earthquake insurance?) and then AUL.
VGC (at least in the 2022 report) had the third highest insurance budget of any DVC, beat out only by VB and HH. My guess: added earthquake insurance.
Interesting. I wonder how VDH compares? Presumably similarly.
Maybe, unsure. We'll probably find out in about a month. VDH has a much smaller footprint than VGC. This is one reason I think that there's a DVC shift mostly to towers: they're simply cheaper to maintain and manage.
