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Large DVC Annual Dues Increase for 2019

Discussion in 'Disney Vacation Club - DVC' started by littlestar, Nov 17, 2018.

  1. littlestar

    littlestar TUG Member

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    Last edited: Nov 17, 2018
  2. TravelTime

    TravelTime TUG Member

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  3. TravelTime

    TravelTime TUG Member

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    If it is due to increased wages, then this shows exactly how a higher minimum wage causes inflation in the economy so eventually the value of $15 goes away and it will need to raised again.
     
  4. bizaro86

    bizaro86 TUG Member

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    Probably can expect significant increases next year as well. Some of the rise doesn't go into effect until September, so that will affect 2019 much more than 2018. Plus it goes up another $1 in 2019 and then another $1 in 2020...

    A few years of big dues increases and expiration getting to be a factor could finally see DVC prices turn, especially if the economy turns.
     
    Sugarcubesea likes this.
  5. Sandy VDH

    Sandy VDH TUG Review Crew: Elite TUG Member

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    For smarter people, but there will always be the ones the drink the Disney cool-aid.
     
  6. TravelTime

    TravelTime TUG Member

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    I am not sure why liking Disney means one is drinking the Disney kool aid. I actually did not like Disney when I bought it but I now like it a lot after visiting a few times and in diffferent locations. I was going to sell all my DVC timeshares but held on because the Disney bubble truly is magical and unlike anywhere else.
     
    JohnB3 likes this.
  7. TravelTime

    TravelTime TUG Member

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    I know I will be crucified for saying this. I am not surprised by the huge MF increases at Disney. Compared to my other timeshares, I have been thinking Disney is not that expensive. I was surprised by how affordable the MFs are at DVC relative to rentals. It does not surprise me that Disney is increasing MFs this much in what is the hottest economy in my history. We own the most points in the DVC resorts that are not increasing as much. So for us, the increase will not be as much on average. I am concerned that this may affect resale values since we were thinking of selling in the next couple of years. I suspect though that the bigger problem with resale values will be the impending recession in 2020+.
     
  8. rickandcindy23

    rickandcindy23 TUG Review Crew: Expert TUG Member

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    Impending recession? Please tell me it ain't so! :) There will be a market correction, and it will affect some people to the point where they will sell and maybe the price of DVC will tank again. Maybe I can buy more DVC Points?
     
    TravelTime likes this.
  9. TravelTime

    TravelTime TUG Member

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    We are having market corrections now. Housing and the stock market are correcting as I type. The economy has been growing since 2009, although many people do not feel it. At some point, there has to be another recession.
     
    tahoe likes this.
  10. Jason245

    Jason245 TUG Review Crew: Veteran TUG Member

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    I have been doing the math for a few years now on this and the economics on dvc ownership haven't made sense and won't make sense for anyone ever because dvc keeps exercising rofr to keep the market proped up..

    They are the only company that does this and based on my more in depth view of thr company they will probably never stop...

    Sucks for me as I will probably never buy.. good on them and their customers.

    Sent from my SAMSUNG-SM-N910A using Tapatalk
     
  11. bnoble

    bnoble TUG Member

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    It's the opposite. ROFR follows demand, not the other way around. During the crash, DVC had all but abandoned it.
     
    chalee94 and TravelTime like this.
  12. rickandcindy23

    rickandcindy23 TUG Review Crew: Expert TUG Member

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    Other hotel-managed timeshares have ROFR. I am pretty sure Hilton does, and of course Marriott and Westin do as well, same with Hyatt. It's not exclusive to Disney.

    I love Disney. I hope the price goes back down to $50 per point again (resale), so I can buy more.
     
  13. TravelTime

    TravelTime TUG Member

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    DVC rarely exercises ROFR. I bought into Aulani at less than half the retail price. The market demand drives resale prices. I paid a lot for Grand Cal resale due to the market, not due to ROFR.
     
  14. TravelTime

    TravelTime TUG Member

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    Maybe in the next depression.
     
  15. Dean

    Dean TUG Member

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    One has to compare DVC to staying on property using cash. If staying on property isn't worth an uncharge for a given person, DVC will never make sense for anyone, even those who bought when the market was lower. There will be a pullback at some point but if there's a fire sale it's unlikely any most could buy in anyway as the economy or the company would be in the tank. At the current levels it does make less sense that at other times historically.
     
    DannyTS, JohnB3, TravelTime and 2 others like this.
  16. DannyTS

    DannyTS TUG Member

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    Yesterday a 200 Magic Kingdom was sold for 12100

    upload_2018-11-25_11-40-8.png
     
  17. Panina

    Panina TUG Review Crew: Expert TUG Member

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    Probably won’t pass rofr
     
  18. DannyTS

    DannyTS TUG Member

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    i am not even sure why it was on ebay. the auction started at zero so the owner took a big risk
     
  19. TravelTime

    TravelTime TUG Member

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    Last edited: Nov 25, 2018
  20. frank808

    frank808 TUG Member

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    Disney just got more points at AKL to sell for $171 a point. Someone on the waitlist to buy at AKL will be getting a call from their guide.

    Sent from my SM-N950U using Tapatalk
     
  21. JulieAB

    JulieAB TUG Review Crew: Veteran TUG Member

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    I agree with much of this. We stayed off-site in timeshares for years because we were on a budget. But once we had the means, I reached a point last summer at Disneyland while waiting in line for the buses where I was SO OVER it. I decided I had spent enough time in various Disney bus, parking, and tram lines the past 20 years and it was time to buy VGC. I did the math, and while the lifetime cost was higher than what we were paying off-site, it wasn't as much as I thought it would be (and it would've been even less had we bought SSR). At my age, that added cost is totally worth not spending another minute in one of those bus lines! And with the addition of Star Wars land next year, I fully expect there to be major perks to staying on site! :)
     
    TravelTime likes this.
  22. bendadin

    bendadin TUG Member

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    I bought from Fidelity in 2015. AKV for $85/point. The chatter chatter on the boards is that these few really low contracts were BK, so deeds have the propensity to be rather tainted which you can't see that upfront. So there is risk but payoff if it works out well.

    I just sold one of my contracts. My kids don't want to stay at Disney any longer, but I do like the annual pass discount. But we started cruising on Disney, so they are now over it. Sigh!
     
  23. TravelTime

    TravelTime TUG Member

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    What do you mean by BK and tainted?
     
  24. DannyTS

    DannyTS TUG Member

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    it is interesting that contracts continue to be sold on ebay and sometimes won at even lower prices: 250 annual points for $5625. Since it is the end of the year, some of these purchases may escape ROFR. Good for the buyers!
    upload_2018-12-1_19-46-1.png
     
    Last edited: Dec 1, 2018
  25. rickandcindy23

    rickandcindy23 TUG Review Crew: Expert TUG Member

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    No way is that going to make it through ROFR. Disney will love to get those points back and sell them for about $170 per point. I should be bidding on eBay, just in case you are right.
     

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