I bought 300 points in OKW in 1995 and it was one of my best decisions. I just regret not extending when given the opportunity. I love DVC. In 2042 I’ll be 89 so i am ok with that. I have had many years of GREAT vacations with my kids and grandchildren.
Bought a 2042 resale. It will cover my kids childhood years which is my main goal. As we get closer, we’ll decide if we want to buy direct at that time. Really grateful to have the opportunity to be a part of dvc and bought where we’d want to stay :)
I've already gotten my money's worth out of my contract so I'm not concerned on their decision when the time comes. I'll continue to use it until it expires!
I have binged all your spotify podcasts twice and still watch you guys on youtube. I love it soo much!! ❤ my partner isnt a fan because its going to cost him a fortune in DVC points 😂
Disney Adult here. I am a CA and FL Parks Vacationer. I visit Disney 3 times a year, and I live in Colorado. Aulani (AU)! We went for the first time ever to Hawaii and AU in September 2024. BEST VACATION EVER! Ten of the best days we ever spent! We Bought DVC Resale points while we were there! Planning on going every other year! If you haven't gone - GO! The hotel, restaurants, and CMs are top-notch. But seeing and experiencing the island is fabulous! You receive free parking if you are an AU DVC Owner! We rented from Budget Car Rental for $414 for the entire 10 days. Highly recommend. Even if you live in Florida and think you've seen it done it. NO! Hawaii is a magically beautiful fantasy; no other place is like it!
Believe it or not, Disney used to run a free shuttle from Walt Disney World to Vero Beach for years after it opened in the mid-90s. They had big plans for that property. The Eisner growth years were something else.
Pinnochio behind Derrick is classic when he says every day people buying boardwalk to make sure they can get in. Probably, maybe, or a Pinnochio sales pitch😂.
I have a 2042 resort (Boardwalk) and we got it 2 years ago. The expiration year didn’t matter at all to us because we were late to the game in the first place and should’ve done this when we had a lot more years left on ourselves. At this point in life, I don’t plan on selling it, and I feel like we have already got more than our moneys worth out of it in the short time we’ve had it. I would even buy another small Boardwalk contract just to add some more points to it because I absolutely love it there. Ok I might be snooping on DVC resale as we speak looking for a February use year 😊
Great conversation as always! I beat the average since my wife and I bought into BRV in 2001 and I hope to be there on vacation in 2042 to close it down. We’ll be 79 touching nearly 80 by then, but it doesn’t hurt to hope and plan … if the Gods are willing! 💛😉
Great show as always! Just FYI, Southern Living released an article 1/21/25 titled “15 things to do in Vero Beach” So there are at least 15 things to do there 😅 We haven’t been, but definitely on the bucket list.
Fantastic show guys. One of the best I've watched. You should be charging Disney consultancy fees. You would know more than some of their dvc management team. Just bought bcv for $130. Have no qualms about buying in there with 2042 end date. As with all property transactions, which dvc are, you are buying location and bcv is the most central location, probably, in wdw. There's no way you won't be able to rent the bcv points or sell the contract within the 10 year mark. My husband works in the financial markets and devised an internal rate of return spreadsheet to evaluate resale contracts on the market, taking into account alternative use of money, paying cash rates, dues inflation etc etc and the prices that bcv resale are coming in at now stack up extremely well financially, round the $130pp mark. Thanks again for the best dvc talk show out there.
Living in Wisconsin 1 hour away from the Wisconsin Dells always wondered why Disney DVC never tried it where every outdoor and indoor water parks exists in a construction battle who is better and bigger, but they don't have Mickey!
I bought VWL (Boulder Ridge) when they started selling, and then purchased Beach Club pre-opening (because Wilderness was sold out), so all my 902 points (502 BR and 400 BC) are expiring in '42. I'll be 81 at that time, and plan on holding on to them until the bitter end. On just three occasions I've sold/transferred points to other DVC owners because I knew I wouldn't use them, but it was really the exception. As I own my own small inn and motel on the coast of Maine, my Disney trips are generally right before I open for the season, and then right after I close for the season so I'm easily able to plan 11 months out. The DVC product has worked really well for me, especially since I didn't pay more than $64 per point "way back when".
I just bought Copper Creek because I wanted the Wilderness Lodge to be my home resort, but the uncertainty around 2042 ruled out Boulder Ridge. Copper Creek will be around until I am 96 years old if I live that long; my daughter will be in her 60's. The tipping point by my large excel doing the math is about 8-9-10 years to break even, depending, so everyone can determine for themselves the intangible values for the 2042.
Aulani is my favorite. It’s also always pretty busy so seems to be doing fine. They rent the unsold points for cash and probably earn a higher profit that way.
I'll be too old to care in 2042. I purchased with the intent to pass my contracts to my children when I am gone. Jeff, Amy, and Paul saw my while touring the Poly Tower so you know I am old.
I have a small Boardwalk contract and definitely plan on keeping it till it expires (I’ll be 80 then. Yikes!) Maybe even buy another one! I just love it there.❤
So my husband and I bought resale points for Boardwalk in 2018 and 2020....2021? Anyway. We know that it expires in 2042, but we looked at the cost - purchase/dues - and figured we'd still come out ahead, especially with the convenience the location offers us.
I agree there will not be any more extensions. But that did not stop us from just purchasing a Boardwalk contract. We love that area and it's almost impossible to stay there unless you own. We look forward to 18 years of Boardwalk stays! We also own at Hilton Head for the same reason. However, all the rest of our points are at Copper Creek. While we absolutely love the resort, the fact that it doesn't expire until 2068 and still has the crazy low point charts made it a no brainer to choose when we went on our point buying spree a couple of years ago. So I guess that's a long winded way of saying - I see both sides. Buy where you want to stay and don't worry about expiration but also keep some points in your back pocket for the long term.
I have BWV, AKL, and now Grand Floridian ... I probably will just end up keeping the Boardwalk ( bought those at $69pp direct when it started) because I'll be 77 when that is done, so I'm not really worried about the expiration time only because I have the other 2 and can use those, or give them to my son..who was just born when I got it, and he's 27 now! I think with OKW, it was way too early for people to think about 15 extra years... If you'd ask now, maybe more would do it because it's a lot closer to the end date
Do you think direct sells will begin to increase and resale sells will decrease the closer we get to 2042? After 2042 there will only be a handful of Walt Disney World resorts to stay at with resale but direct sells will be able to stay at all of the resorts. I believe we will start seeing this within the next 5-7 years.
I agree that I could see the Vero or Hilton Head properties being sold off. Would love if they were able to still be in 'network' to exchange points and continue to be able to use those properties.
Copper Creek point chart was matched to Boulder Ridge for the most part - so that point chart continues to be attractive, and will be interesting to see if they rebuild/resell BRV and continue that trend (GFV and Poly tower also matched existing point charts). IThey could stagger extension offers for the 2042 WDW resorts so they could take them off line one at a time to rebuild/resell. Will be interesting!
Minnie DVC. It would start in 2041, and you could become a member by buying a 15 year Old Key West contract at 30% the price of a full contract. They can make different length contracts for different resorts.
I think Amy is onto something when she is looking at the dues per stay rather than the dues per point. Old Key West has the highest dues per point on property, but it is the least expensive dues per day when comparing like periods and seasons across all the resorts. It would make sense that older resorts have higher dues in general because they have fewer point values yet the cost of maintaining the resorts is not less expensive just because they are older.
They also had plans once for a DVC resort at the National Harbor in Maryland near Washington DC and even owned land there but canceled it after MGM National Harbor was announced,
When we bought 2042 SSR (direct) in 2004, expiration date was not a consideration. We were in our early 30's at the time. We were just excited to be able to stay at Disney for years to come. Fast forward to now and I bought BRV 2042 (resale) last year, this time more mindful of the expiration date but figuring we can still get 10-15 more years Lord willing, and hope to be retired in 5 years or so... 😁
I just don’t understand why they can’t have characters in the other non-Orlando/LA resorts like they do in Aulani. I mean that made our stay in Aulani so much more magical and I can’t imagine going to one off property and not be surrounded by characters.
I had to quit claim deed for our paid off AK contract due to a divorce. She could not take the 50 points to Poly since there was still a mortgage on it. The ending date has never figured into my thoughts.
We bought the extension and I didn't realize until years later that we were in the minority. We felt like we were in it for the long haul and it seemed like a pretty good deal. I wonder if Disney doesn't just take the 2042 deeds back and dump all that inventory into cash reservations for the remaining time. Can they do that?
I'm one of the members who got my foot in the door with a 25pt Vero Beach back in 2021. Upgraded to a 30pt OKW last year. I will be 70 when the contract expires in 2042, so that was a non-factor for me.
DVC members since 2001 we have over 500 points, we were told back then the new resorts would always be highly themed, it has been a big disappointment over the last 6 years or so the towers loaded with Hampton in style rooms with one character artwork on the wall is not highly themed. I just saw the new universal hotel at epic universe and they blow Disney design out of the water. It’s a shame that Disney has lost its way. We have enjoyed our 24 years of vacations and do not regret ever buying in to the club. I won’t see the the 2042 expiration dates but I am really afraid for what Disney is planning
I wonder if they approach all members with contracts expiring in 2042 and offer to move their home resort to OKW, in 2043 and extend to 2057, trying to have all of OKW a 2057 expiration. While they refurbish and resale the other properties.
So, the question I have, and maybe Derek would know the answer??? I own at Boardwalk my Use Year is December. If my contract ends on January 31st, 2042. Does that mean I have to use ALL my points that I just got on December 01st, 2041 by January 31st, 2042? Does anyone know how that's going to work??? 🤔
Hi there! It's Derek so you are correct on that end date....* All Deeds Expire on Jan. 31st of respected year so for us Boardwalk owners the final date will be Jan 31, 2042 (no matter the Use Year) - not that I'll have to worry as I'm sure I will have already used and borrowed the 2042 points by then ;)
@@derekdeboer3416 Thanks for answering my question, Derek! Well, I don't usually borrow my points but, I guess that last year I will have to borrow my points or I will loose them!-YIKES! Kind of doesn't seem fair to those of us who have a December UY! I guess that also means no one will be able to Bank their 2041points?~Margaret
I have a December Use Year at Aulani and Saratoga. I’m confused about what happens in that final year of the deed. For example, the Aulani deed expires in 2062. Under normal circumstances, I would be able to use my points that vested in December 2062 through November 2063. However, because the deed has expired, do I forfeit those points (unless I “borrow” and use then in calendar year 2062)?
Yes! Most people are trying to get out of their Timeshare. We love our WorldMark Timeshare. We purchased our Timeshare back in 1996. As Amy would say, “Old Timers”. Why do we still own our Timeshare? We don’t own just one timeshare. We own a high number of timeshares. We love our locations. We own in the San Francisco, Monterey, Lake Tahoe, Wine Country, Yosemite, Disneyland and Disneyworld areas. That is just to name a few. Our adult daughters love taking their kids to those locations. Our daughters will continue that tradition after we are gone. We also purchased when Timeshare’s were less expensive.
Hi Paul and all, I’ll be 92 when my contract at AK expires. I suspect I’ll also be expiring around that same time. I think a better topic for discussion is what is the projected tipping point to sell? At some point the value of a contract on the resale market will only decrease year over year due to its impending expiration. Can you shed an insight on what you think that might be? 15, 10, 5 years out from expiration?
32:25 I think someone in DVC upper management has a multi-decade plan, pulled together by some high-paid strategy consultants, but the plan consists of different scenarios that could play out. Nothing will happen until about a decade prior, 2032 or so, at some point DVC will do something different with the ROFR clause for the 2042's, a whole shift. Suddenly buy them all, or suddenly buy none. Then, when you see a reduction on ROFR buybacks, then you know they have a plan. My humble opinion.
I like the video because I get to see what Jeff and Panda have,Disney related items, in the background. And where is the dog, Paul, usually one is in the back on the coach. And is Pinocchio' new for Derek?
Our family loves the HH and we would have bought in if the contract didn't end so soon or the dues weren't so high. I think Vero/HH could sell again well if they could figure out a way to make the annual dues more reasonable. Same with the Cabins at FW. The dues are a huge turn off and DVC has to realize that. Whicg makes it mind-boggling they are selling the cabins initially with such high dues. Very sad to lose those resorts, especially HH (we haven't had the pleasure of visiting Vero yet).
Inherently DVC contract loses its point value over time because of the expiration so year by year the contract loses 2% value per year. There is a compounding factor of the value of the dues and desirability, for now lets put that to the side. With a contract these days 225 dollars a point base price. There is an expected drop the 'point value' of 4.5 dollars per year. So a contract expiring in 2042 theoretically is about 76.5 dollars per 'point value'. So lets looks at Old Key West current contracts for sale. Looking at prices it is averaging right about that price when looking at the lowest 7 contracts for OKW where it expires at 2042. This aligns with that expectation. IMO when looking to buy a resale it's a good guide to see what you are getting for your dollar. OKW extended to 2057 is a slam dunk where using that 4.5 dollar per year left on the contract. Just a thought
I don’t understand why Vero and Hilton head are considered failures. They are consistently full and are beloved. Why would Disney be eager to divest themselves from these resorts? Also, selling those properties makes our contracts at other resorts less valuable, I think that’s a sure path to lawsuits.
I suspect Disney will sell the “new” Beach Club or Boardwalk or whatever at current prices then but the point charts will be more in line with Poly or VGF on a per night basis. They will likely do a refurb but will make tons of money because those properties will sell quickly and they will have no real construction costs. Maybe, but doubtful, they will throw a bone to existing owners to buy again at $10 off per point.
They are most definitely going to build a tower at the BCV location. It’s prime location with its walkability to Epcot. It’s highly likely they know what they are going to do with the 2042 resorts. Some of them will need a long lead time to refurbish and can’t all be done at once. Okw owners need their heads examined who didn’t take up that extension offer. Do they not understand by how much it would have increased their resale value? Cant believe Disney couldn’t just have emailed everyone rather than phoning everyone. Email is standard when offering shareholders capital raising offers for listed companies.
Question: What happens if a DVC property is destroyed? What would happen to my points? Especially if they are resale points? I’ve been dying to add on a small Disneyland Villas contract but with the fires down there it seems more than a small risk. Is there anything in the contract that addresses this? Would love to hear discussion about this.
I don't have any 2042s but if I did, I'd probably look at selling about 10 years out IF I cared about recouping any money. If not, would just keep them until the end. As far as what will happen... Agree, if they decide to flip and resell, they will not look anything like they do now. They'll be high-density towers. But let's not discount reality: A natural disaster can take out any of these resorts well before 2042. If that happens, I don't know if Disney would choose to rebuild (and if so, the same? or with the Tower model) OR cash everyone out of remaining value with insurance money, which would surely cause a major class action suit. Yep, the current governance of DVC has no care of anything that far out - symbolic of Disney as a whole over the past 30 years. Zero foresight; just immediate market reactions.
We own at BCV, so a 2042 resort. We have. No plans to sell, no plans to add points. If they were to convert the property to a tower type resort, we’d sell immediately. The whole idea of that area is the way it looks. Other than the Swan and Dolphin, the other resorts are not soaring to the sky. It makes it look more like a quaint New England village or seaside Florida resort from yesteryear. If Disney doesn’t take this into consideration, they stand to lose big time. What happens when you really change an area that guests have grown to love? There was a lot of uproar when they added the “games of chance” to the Boardwalk. Many that owned over there did not like the fact that there were now more places for people to congregate. Being an owner across the lake, I wasn’t thrilled either. I mean the biggest mistake they made with the Boardwalk was the Surrey bike rentals. Those were now liked at all on the Beach Club/Yacht Club side of the lake. Most people did not know how to drive them or even care when small children were in the path. We complained on more than one occasion about the bikes. We even used to find them parked outside of International Gateway briefly (because cast members would return them to the rental stand). The people that left them were dumbfounded that the bikes could not be rented for hours and hours on end. They would complain about how they were getting back to their resort when Boardwalk was literally 100 yards away. Over the years we watched a decline in the behavior of park goers…and resort guests. I mean for nearly 45 years there were no barriers on the beaches around the resorts and because of one family being careless (I do mean that. Not that I believe that the little boy needed to pay the price, but it is Florida and alligators are everywhere there’s water) we all had to deal with a change that was unwarranted and doesn’t really stop alligators or snakes. With every change they make, they are creating a rift with people that have visited these parks for decades. Is it worth attracting one new customer at the cost of 10-20 previous ones? If they are really trying to make money, then adding to the customer base without losing any is the goal. Right now, they are continually losing customers with their current business practices (I’m not even gong to touch their loses due to social missteps). The more you charge for something without making it better, people do notice. Walt Disney World has never been a “cheap vacation”…or maybe it was. The first trip I took to Walt Disney World was in 1974. I was 5 years old. The entire trip including a rental car, a day a Sea World, a day at Cape Canaveral, a day at the Magic Kingdom (that’s all they had then), hotels, and food was about $300. Putting that in today’s dollars a little less than $2,000 dollars…$1,920.52 to be exact. Now, a family of four (two adults, one child, one “infant”) would cost $566.59 just for one day in the park (doesn’t include lightning lanes), a room outside Disney would be about $200 for the night times three, Three meals, about another $200 times 3, rental car for three days will be around $90 per day or another $270. Passes for Sea World $411.96. Admission to Cape Canaveral with the tour, $309.56. The grand total (conservatively speaking) would be over $2,700…$2,758.11 to be exact or $837.59 more than the equivalent trip back in 1974. Now what I didn’t include was the six other hotel stays in the current year calculation as we drove from NY and back again. So if we add that roughly $1,200 on, it’s now three times as expensive to do the same trip today. Again, being generous here because estimates are that the cost has risen nearly 500% since they opened in 1971. If you want customers there are three things you must do. One is to provide to provide something to draw in customers, Disney doesn’t have a problem with this. Two is to provide something to keep the customers coming back, here they are starting to struggle. Three is to provide an equivalent value for what is being paid, Disney is failing miserably at this. We used to overlook the high price of a Disney trip because we felt that we were getting our money’s worth. Not anymore. So many things that were once free of charge (and I’m only talking 5 years ago) are now a paid premium. Things that once ran smoothly and efficiently are now a practice of “hurry up and wait.” I can remember going to the parks in the middle of the day and being able to pick and choose the attractions because there were that few people in the parks waiting to do something. I wouldn’t say they weren’t crowded, just not full to capacity. FastPass and FastPass+ were both free, but we hardly (if ever) used them and they didn’t cost extra. Food in the parks was a bit more expensive, but not the three to four times as much as outside and it was good. The cost of admission when we started going in 1991 was $33 per park, per day. That in today’s dollars is $76.47, but it’s at least $119 per park, per day…again not including lighting lanes. So before you buy lightning lanes, you’re already 30% ahead of what you would have spent 34 years ago. Some will say, that’s 10% per decade, but it’s not. It’s 30% more than inflation adjusted dollars. When you add the 90% increase in inflation, you’re paying 110% more than it would have cost just 34 years ago. To put that in perspective, the average price of gasoline has only gone up $1.30 over the same period or equivalent to $2.98. Gasoline in the U.S. is currently averaging $3.12, only a five percent difference. So Disney really shouldn’t cost what it does…but people keep paying through the nose for it. For those of us with a long history with these parks, I find the current prices to be unrealistic for most people, let alone families that don’t vacation every year. It’s not a recipe to maximize profits, in my opinion. They could get far more profit with more park visitors, even if they eliminated lightning lanes fees and hired more employees. The profits were through the roof in the 1990s and there were a few trips where we hardly waited for any ride, including popular ones like Haunted Mansion, Peter Pan’s flight, Horizons, Star Tours, and the like. There was a trip in 1995 that we spent 10 days at the Yacht Club Resort and in 2005 we spent 14 days at the Boardwalk. The trip in 1995 we experienced less wait times and had more fun overall even with less time on the trip. Both trips included time at Sea World. We spent a lot less in 2005 because of DVC, but purchased annual passes instead of length of stay as they were cheaper. This allowed us to return later in 2005 for a 7 day trip. Trips to the parks have been minimal since 2017 and stays just at DVC resorts more frequent. They can turn it around, but still no plans to add on points right now. A week over at the Boardwalk or two weeks at Old Key West (aka Old Key Jeff) are just fine.
Boardwalk ? hated it...... super long hallway that takes forever to get to the lobby and people from Dolphin & Swan steal your bus because they dont want the shuttle from their non disney hotel.... would never buy there
I bought 300 points in OKW in 1995 and it was one of my best decisions. I just regret not extending when given the opportunity. I love DVC. In 2042 I’ll be 89 so i am ok with that. I have had many years of GREAT vacations with my kids and grandchildren.
Bought a 2042 resale. It will cover my kids childhood years which is my main goal. As we get closer, we’ll decide if we want to buy direct at that time. Really grateful to have the opportunity to be a part of dvc and bought where we’d want to stay :)
Panda had me rolling talking about Amy and Barron pizza 🤣🤣🤣
Love the Show!
Agree, if buying a 2042, hold till end and enjoy it!
I've already gotten my money's worth out of my contract so I'm not concerned on their decision when the time comes. I'll continue to use it until it expires!
I have binged all your spotify podcasts twice and still watch you guys on youtube. I love it soo much!! ❤ my partner isnt a fan because its going to cost him a fortune in DVC points 😂
Disney Adult here. I am a CA and FL Parks Vacationer. I visit Disney 3 times a year, and I live in Colorado. Aulani (AU)! We went for the first time ever to Hawaii and AU in September 2024. BEST VACATION EVER! Ten of the best days we ever spent! We Bought DVC Resale points while we were there! Planning on going every other year! If you haven't gone - GO! The hotel, restaurants, and CMs are top-notch. But seeing and experiencing the island is fabulous! You receive free parking if you are an AU DVC Owner! We rented from Budget Car Rental for $414 for the entire 10 days. Highly recommend. Even if you live in Florida and think you've seen it done it. NO! Hawaii is a magically beautiful fantasy; no other place is like it!
Believe it or not, Disney used to run a free shuttle from Walt Disney World to Vero Beach for years after it opened in the mid-90s. They had big plans for that property. The Eisner growth years were something else.
Pinnochio behind Derrick is classic when he says every day people buying boardwalk to make sure they can get in. Probably, maybe, or a Pinnochio sales pitch😂.
I have a 2042 resort (Boardwalk) and we got it 2 years ago. The expiration year didn’t matter at all to us because we were late to the game in the first place and should’ve done this when we had a lot more years left on ourselves. At this point in life, I don’t plan on selling it, and I feel like we have already got more than our moneys worth out of it in the short time we’ve had it. I would even buy another small Boardwalk contract just to add some more points to it because I absolutely love it there. Ok I might be snooping on DVC resale as we speak looking for a February use year 😊
I did take the extension and I have 300 points at OKW and don’t regret our decision 😊 Charlene
Great conversation as always! I beat the average since my wife and I bought into BRV in 2001 and I hope to be there on vacation in 2042 to close it down. We’ll be 79 touching nearly 80 by then, but it doesn’t hurt to hope and plan … if the Gods are willing! 💛😉
Great show as always! Just FYI, Southern Living released an article 1/21/25 titled “15 things to do in Vero Beach” So there are at least 15 things to do there 😅 We haven’t been, but definitely on the bucket list.
Fantastic show guys. One of the best I've watched. You should be charging Disney consultancy fees. You would know more than some of their dvc management team.
Just bought bcv for $130. Have no qualms about buying in there with 2042 end date. As with all property transactions, which dvc are, you are buying location and bcv is the most central location, probably, in wdw. There's no way you won't be able to rent the bcv points or sell the contract within the 10 year mark.
My husband works in the financial markets and devised an internal rate of return spreadsheet to evaluate resale contracts on the market, taking into account alternative use of money, paying cash rates, dues inflation etc etc and the prices that bcv resale are coming in at now stack up extremely well financially, round the $130pp mark.
Thanks again for the best dvc talk show out there.
I purchased my first DVC contract via resale last year, and expiration year was a significant factor in my decision.
I've been waiting for this one!
Living in Wisconsin 1 hour away from the Wisconsin Dells always wondered why Disney DVC never tried it where every outdoor and indoor water parks exists in a construction battle who is better and bigger, but they don't have Mickey!
Excellent thoughts on the 2042 extensions! Thanks for the great video.
I bought VWL (Boulder Ridge) when they started selling, and then purchased Beach Club pre-opening (because Wilderness was sold out), so all my 902 points (502 BR and 400 BC) are expiring in '42. I'll be 81 at that time, and plan on holding on to them until the bitter end. On just three occasions I've sold/transferred points to other DVC owners because I knew I wouldn't use them, but it was really the exception. As I own my own small inn and motel on the coast of Maine, my Disney trips are generally right before I open for the season, and then right after I close for the season so I'm easily able to plan 11 months out. The DVC product has worked really well for me, especially since I didn't pay more than $64 per point "way back when".
I'm right there with you. Bought BWV and the VWL. I'll be 80 when they expire, and plan to use every single one!
I just bought Copper Creek because I wanted the Wilderness Lodge to be my home resort, but the uncertainty around 2042 ruled out Boulder Ridge. Copper Creek will be around until I am 96 years old if I live that long; my daughter will be in her 60's. The tipping point by my large excel doing the math is about 8-9-10 years to break even, depending, so everyone can determine for themselves the intangible values for the 2042.
Aulani is my favorite. It’s also always pretty busy so seems to be doing fine. They rent the unsold points for cash and probably earn a higher profit that way.
You guys make one of the funniest shows on TH-cam.
I'll be too old to care in 2042. I purchased with the intent to pass my contracts to my children when I am gone. Jeff, Amy, and Paul saw my while touring the Poly Tower so you know I am old.
Good day to all. I have always wondered on the real details on the expiration dates!
I have a small Boardwalk contract and definitely plan on keeping it till it expires (I’ll be 80 then. Yikes!) Maybe even buy another one! I just love it there.❤
Same here! I’ll be 83 when it expires, and I haven’t given up on the possibility of buying more there. My wife and I ove the Boardwalk! ❤
Only a true, life-long friend volunteers to come help put your Ikea furniture together. Treasure that one!
So my husband and I bought resale points for Boardwalk in 2018 and 2020....2021? Anyway. We know that it expires in 2042, but we looked at the cost - purchase/dues - and figured we'd still come out ahead, especially with the convenience the location offers us.
Great Show!!! As always 😊
I agree there will not be any more extensions. But that did not stop us from just purchasing a Boardwalk contract. We love that area and it's almost impossible to stay there unless you own. We look forward to 18 years of Boardwalk stays! We also own at Hilton Head for the same reason. However, all the rest of our points are at Copper Creek. While we absolutely love the resort, the fact that it doesn't expire until 2068 and still has the crazy low point charts made it a no brainer to choose when we went on our point buying spree a couple of years ago. So I guess that's a long winded way of saying - I see both sides. Buy where you want to stay and don't worry about expiration but also keep some points in your back pocket for the long term.
I have BWV, AKL, and now Grand Floridian ... I probably will just end up keeping the Boardwalk ( bought those at $69pp direct when it started) because I'll be 77 when that is done, so I'm not really worried about the expiration time only because I have the other 2 and can use those, or give them to my son..who was just born when I got it, and he's 27 now!
I think with OKW, it was way too early for people to think about 15 extra years... If you'd ask now, maybe more would do it because it's a lot closer to the end date
Do you think direct sells will begin to increase and resale sells will decrease the closer we get to 2042? After 2042 there will only be a handful of Walt Disney World resorts to stay at with resale but direct sells will be able to stay at all of the resorts. I believe we will start seeing this within the next 5-7 years.
All they have to do to increase DVC is to give more real perk. Could you imagine sorcerer pass for 600 to all DVC direct members.
I agree that I could see the Vero or Hilton Head properties being sold off. Would love if they were able to still be in 'network' to exchange points and continue to be able to use those properties.
Copper Creek point chart was matched to Boulder Ridge for the most part - so that point chart continues to be attractive, and will be interesting to see if they rebuild/resell BRV and continue that trend (GFV and Poly tower also matched existing point charts). IThey could stagger extension offers for the 2042 WDW resorts so they could take them off line one at a time to rebuild/resell. Will be interesting!
Minnie DVC.
It would start in 2041, and you could become a member by buying a 15 year Old Key West contract at 30% the price of a full contract.
They can make different length contracts for different resorts.
I think Amy is onto something when she is looking at the dues per stay rather than the dues per point. Old Key West has the highest dues per point on property, but it is the least expensive dues per day when comparing like periods and seasons across all the resorts. It would make sense that older resorts have higher dues in general because they have fewer point values yet the cost of maintaining the resorts is not less expensive just because they are older.
They also had plans once for a DVC resort at the National Harbor in Maryland near Washington DC and even owned land there but canceled it after MGM National Harbor was announced,
Good topic 😁
When we bought 2042 SSR (direct) in 2004, expiration date was not a consideration. We were in our early 30's at the time. We were just excited to be able to stay at Disney for years to come. Fast forward to now and I bought BRV 2042 (resale) last year, this time more mindful of the expiration date but figuring we can still get 10-15 more years Lord willing, and hope to be retired in 5 years or so... 😁
I would love to see a DVC all inclusive resort
Still holding out for a gulf coast DVC resort 🤞
I just don’t understand why they can’t have characters in the other non-Orlando/LA resorts like they do in Aulani. I mean that made our stay in Aulani so much more magical and I can’t imagine going to one off property and not be surrounded by characters.
I had to quit claim deed for our paid off AK contract due to a divorce. She could not take the 50 points to Poly since there was still a mortgage on it. The ending date has never figured into my thoughts.
We bought the extension and I didn't realize until years later that we were in the minority. We felt like we were in it for the long haul and it seemed like a pretty good deal. I wonder if Disney doesn't just take the 2042 deeds back and dump all that inventory into cash reservations for the remaining time. Can they do that?
I'm one of the members who got my foot in the door with a 25pt Vero Beach back in 2021. Upgraded to a 30pt OKW last year. I will be 70 when the contract expires in 2042, so that was a non-factor for me.
DVC members since 2001 we have over 500 points, we were told back then the new resorts would always be highly themed, it has been a big disappointment over the last 6 years or so the towers loaded with Hampton in style rooms with one character artwork on the wall is not highly themed. I just saw the new universal hotel at epic universe and they blow Disney design out of the water. It’s a shame that Disney has lost its way. We have enjoyed our 24 years of vacations and do not regret ever buying in to the club. I won’t see the the 2042 expiration dates but I am really afraid for what Disney is planning
I wonder if they approach all members with contracts expiring in 2042 and offer to move their home resort to OKW, in 2043 and extend to 2057, trying to have all of OKW a 2057 expiration. While they refurbish and resale the other properties.
So, the question I have, and maybe Derek would know the answer??? I own at Boardwalk my Use Year is December. If my contract ends on January 31st, 2042. Does that mean I have to use ALL my points that I just got on December 01st, 2041 by January 31st, 2042? Does anyone know how that's going to work??? 🤔
Hi there! It's Derek so you are correct on that end date....* All Deeds Expire on Jan. 31st of respected year so for us Boardwalk owners the final date will be Jan 31, 2042 (no matter the Use Year) - not that I'll have to worry as I'm sure I will have already used and borrowed the 2042 points by then ;)
@@derekdeboer3416 Thanks for answering my question, Derek! Well, I don't usually borrow my points but, I guess that last year I will have to borrow my points or I will loose them!-YIKES! Kind of doesn't seem fair to those of us who have a December UY! I guess that also means no one will be able to Bank their 2041points?~Margaret
I have a December Use Year at Aulani and Saratoga. I’m confused about what happens in that final year of the deed. For example, the Aulani deed expires in 2062. Under normal circumstances, I would be able to use my points that vested in December 2062 through November 2063. However, because the deed has expired, do I forfeit those points (unless I “borrow” and use then in calendar year 2062)?
Yes! Most people are trying to get out of their Timeshare. We love our WorldMark Timeshare. We purchased our Timeshare back in 1996. As Amy would say, “Old Timers”. Why do we still own our Timeshare? We don’t own just one timeshare. We own a high number of timeshares. We love our locations. We own in the San Francisco, Monterey, Lake Tahoe, Wine Country, Yosemite, Disneyland and Disneyworld areas. That is just to name a few. Our adult daughters love taking their kids to those locations. Our daughters will continue that tradition after we are gone. We also purchased when Timeshare’s were less expensive.
Hi Paul and all, I’ll be 92 when my contract at AK expires. I suspect I’ll also be expiring around that same time. I think a better topic for discussion is what is the projected tipping point to sell? At some point the value of a contract on the resale market will only decrease year over year due to its impending expiration. Can you shed an insight on what you think that might be? 15, 10, 5 years out from expiration?
When do we get to hear about the man jumping on Jeff's balcony?
Do you think they’ll start over reselling these resorts that expire, or will they become just regular hotel rooms? We own at SSR and BWV.
32:25 I think someone in DVC upper management has a multi-decade plan, pulled together by some high-paid strategy consultants, but the plan consists of different scenarios that could play out. Nothing will happen until about a decade prior, 2032 or so, at some point DVC will do something different with the ROFR clause for the 2042's, a whole shift. Suddenly buy them all, or suddenly buy none. Then, when you see a reduction on ROFR buybacks, then you know they have a plan. My humble opinion.
For those resort contracts expiring in 2042, will DVC members with extended contract years for other resorts be able to still book those 2042 resorts?
They would revert back to Disney, and not be available until they had declared DVC inventory again (likely post rebuild).
I like the video because I get to see what Jeff and Panda have,Disney related items, in the background. And where is the dog, Paul, usually one is in the back on the coach. And is Pinocchio' new for Derek?
Our family loves the HH and we would have bought in if the contract didn't end so soon or the dues weren't so high. I think Vero/HH could sell again well if they could figure out a way to make the annual dues more reasonable. Same with the Cabins at FW. The dues are a huge turn off and DVC has to realize that. Whicg makes it mind-boggling they are selling the cabins initially with such high dues. Very sad to lose those resorts, especially HH (we haven't had the pleasure of visiting Vero yet).
Inherently DVC contract loses its point value over time because of the expiration so year by year the contract loses 2% value per year. There is a compounding factor of the value of the dues and desirability, for now lets put that to the side. With a contract these days 225 dollars a point base price. There is an expected drop the 'point value' of 4.5 dollars per year. So a contract expiring in 2042 theoretically is about 76.5 dollars per 'point value'. So lets looks at Old Key West current contracts for sale. Looking at prices it is averaging right about that price when looking at the lowest 7 contracts for OKW where it expires at 2042. This aligns with that expectation. IMO when looking to buy a resale it's a good guide to see what you are getting for your dollar. OKW extended to 2057 is a slam dunk where using that 4.5 dollar per year left on the contract. Just a thought
7-10 years of owning? I still have mine since 1994
I don’t understand why Vero and Hilton head are considered failures. They are consistently full and are beloved. Why would Disney be eager to divest themselves from these resorts? Also, selling those properties makes our contracts at other resorts less valuable, I think that’s a sure path to lawsuits.
I suspect Disney will sell the “new” Beach Club or Boardwalk or whatever at current prices then but the point charts will be more in line with Poly or VGF on a per night basis. They will likely do a refurb but will make tons of money because those properties will sell quickly and they will have no real construction costs. Maybe, but doubtful, they will throw a bone to existing owners to buy again at $10 off per point.
I am riding my 2042 points to the bitter end. I don't ever plan on selling. Great topic, however.
DVC in Palm Springs, Cotino community.
They are most definitely going to build a tower at the BCV location. It’s prime location with its walkability to Epcot. It’s highly likely they know what they are going to do with the 2042 resorts. Some of them will need a long lead time to refurbish and can’t all be done at once.
Okw owners need their heads examined who didn’t take up that extension offer. Do they not understand by how much it would have increased their resale value? Cant believe Disney couldn’t just have emailed everyone rather than phoning everyone. Email is standard when offering shareholders capital raising offers for listed companies.
Dont pick on Derek for close computer reading, its an age thing and you all will be there sooner or later 😮
Question: What happens if a DVC property is destroyed? What would happen to my points? Especially if they are resale points? I’ve been dying to add on a small Disneyland Villas contract but with the fires down there it seems more than a small risk. Is there anything in the contract that addresses this? Would love to hear discussion about this.
As part of your dues you pay for insurance costs on the property. This would likely dictate what happens in the event of a catastrophic event.
We have AK, RR and SSR and we have adult children, so we don't expect to be around when they expire, so no thought on this topic
I don't know Spotify. Haha. At least I'm here.
I think they just go rack model like yacht during the 2042 transition.
I’m mostly out in the 2050’s. SSR 2054, OKW 2057 and VGF 2064
I don't have any 2042s but if I did, I'd probably look at selling about 10 years out IF I cared about recouping any money. If not, would just keep them until the end.
As far as what will happen...
Agree, if they decide to flip and resell, they will not look anything like they do now. They'll be high-density towers.
But let's not discount reality: A natural disaster can take out any of these resorts well before 2042. If that happens, I don't know if Disney would choose to rebuild (and if so, the same? or with the Tower model) OR cash everyone out of remaining value with insurance money, which would surely cause a major class action suit.
Yep, the current governance of DVC has no care of anything that far out - symbolic of Disney as a whole over the past 30 years. Zero foresight; just immediate market reactions.
We own at BCV, so a 2042 resort. We have. No plans to sell, no plans to add points. If they were to convert the property to a tower type resort, we’d sell immediately. The whole idea of that area is the way it looks. Other than the Swan and Dolphin, the other resorts are not soaring to the sky. It makes it look more like a quaint New England village or seaside Florida resort from yesteryear. If Disney doesn’t take this into consideration, they stand to lose big time. What happens when you really change an area that guests have grown to love? There was a lot of uproar when they added the “games of chance” to the Boardwalk. Many that owned over there did not like the fact that there were now more places for people to congregate.
Being an owner across the lake, I wasn’t thrilled either. I mean the biggest mistake they made with the Boardwalk was the Surrey bike rentals. Those were now liked at all on the Beach Club/Yacht Club side of the lake. Most people did not know how to drive them or even care when small children were in the path.
We complained on more than one occasion about the bikes. We even used to find them parked outside of International Gateway briefly (because cast members would return them to the rental stand). The people that left them were dumbfounded that the bikes could not be rented for hours and hours on end. They would complain about how they were getting back to their resort when Boardwalk was literally 100 yards away.
Over the years we watched a decline in the behavior of park goers…and resort guests. I mean for nearly 45 years there were no barriers on the beaches around the resorts and because of one family being careless (I do mean that. Not that I believe that the little boy needed to pay the price, but it is Florida and alligators are everywhere there’s water) we all had to deal with a change that was unwarranted and doesn’t really stop alligators or snakes.
With every change they make, they are creating a rift with people that have visited these parks for decades. Is it worth attracting one new customer at the cost of 10-20 previous ones? If they are really trying to make money, then adding to the customer base without losing any is the goal. Right now, they are continually losing customers with their current business practices (I’m not even gong to touch their loses due to social missteps). The more you charge for something without making it better, people do notice.
Walt Disney World has never been a “cheap vacation”…or maybe it was. The first trip I took to Walt Disney World was in 1974. I was 5 years old. The entire trip including a rental car, a day a Sea World, a day at Cape Canaveral, a day at the Magic Kingdom (that’s all they had then), hotels, and food was about $300. Putting that in today’s dollars a little less than $2,000 dollars…$1,920.52 to be exact. Now, a family of four (two adults, one child, one “infant”) would cost $566.59 just for one day in the park (doesn’t include lightning lanes), a room outside Disney would be about $200 for the night times three, Three meals, about another $200 times 3, rental car for three days will be around $90 per day or another $270. Passes for Sea World $411.96. Admission to Cape Canaveral with the tour, $309.56. The grand total (conservatively speaking) would be over $2,700…$2,758.11 to be exact or $837.59 more than the equivalent trip back in 1974. Now what I didn’t include was the six other hotel stays in the current year calculation as we drove from NY and back again. So if we add that roughly $1,200 on, it’s now three times as expensive to do the same trip today. Again, being generous here because estimates are that the cost has risen nearly 500% since they opened in 1971.
If you want customers there are three things you must do. One is to provide to provide something to draw in customers, Disney doesn’t have a problem with this. Two is to provide something to keep the customers coming back, here they are starting to struggle. Three is to provide an equivalent value for what is being paid, Disney is failing miserably at this.
We used to overlook the high price of a Disney trip because we felt that we were getting our money’s worth. Not anymore. So many things that were once free of charge (and I’m only talking 5 years ago) are now a paid premium. Things that once ran smoothly and efficiently are now a practice of “hurry up and wait.” I can remember going to the parks in the middle of the day and being able to pick and choose the attractions because there were that few people in the parks waiting to do something. I wouldn’t say they weren’t crowded, just not full to capacity. FastPass and FastPass+ were both free, but we hardly (if ever) used them and they didn’t cost extra. Food in the parks was a bit more expensive, but not the three to four times as much as outside and it was good. The cost of admission when we started going in 1991 was $33 per park, per day. That in today’s dollars is $76.47, but it’s at least $119 per park, per day…again not including lighting lanes. So before you buy lightning lanes, you’re already 30% ahead of what you would have spent 34 years ago. Some will say, that’s 10% per decade, but it’s not. It’s 30% more than inflation adjusted dollars. When you add the 90% increase in inflation, you’re paying 110% more than it would have cost just 34 years ago. To put that in perspective, the average price of gasoline has only gone up $1.30 over the same period or equivalent to $2.98. Gasoline in the U.S. is currently averaging $3.12, only a five percent difference. So Disney really shouldn’t cost what it does…but people keep paying through the nose for it.
For those of us with a long history with these parks, I find the current prices to be unrealistic for most people, let alone families that don’t vacation every year. It’s not a recipe to maximize profits, in my opinion. They could get far more profit with more park visitors, even if they eliminated lightning lanes fees and hired more employees. The profits were through the roof in the 1990s and there were a few trips where we hardly waited for any ride, including popular ones like Haunted Mansion, Peter Pan’s flight, Horizons, Star Tours, and the like. There was a trip in 1995 that we spent 10 days at the Yacht Club Resort and in 2005 we spent 14 days at the Boardwalk. The trip in 1995 we experienced less wait times and had more fun overall even with less time on the trip. Both trips included time at Sea World. We spent a lot less in 2005 because of DVC, but purchased annual passes instead of length of stay as they were cheaper. This allowed us to return later in 2005 for a 7 day trip.
Trips to the parks have been minimal since 2017 and stays just at DVC resorts more frequent. They can turn it around, but still no plans to add on points right now. A week over at the Boardwalk or two weeks at Old Key West (aka Old Key Jeff) are just fine.
lol. Wow. Just wow.
Yuck.
Boardwalk ? hated it...... super long hallway that takes forever to get to the lobby and people from Dolphin & Swan steal your bus because they dont want the shuttle from their non disney hotel.... would never buy there
I should add that we bought Boardwalk in 1997
💙💙💙
Maybe Aulani will sell out by the time it expires
It reminds me of Y2K..........no one thought, in my company we'd be around...........some of us were tho 🥴