DVC and Jan 2042

[ljmiii]

Unsurprisingly, I've been thinking about our the endgame for our BWV ownership for a while now and something @brp wrote in the HGVC forum brought it to mind.

We love BWV (and BCV where we used to own) but obviously the Jan 2042 expiration is an issue. And unlike the MK resorts, BWV/BCV have an obvious alternative...the Marriott Swan/Dolphin/Swan Reserve complex. But the location isn't *as* good and while we like some of the restaurants at those resorts (e.g. Rosa Mexicano) we're not that fond of the vibe in general.

Perhaps worse they are quite expensive. I just make an upcoming reservation in a Boardwalk View studio at BWV that costs 63 points ($609.32 @ 2026 dues). The equivalent reservations I made at the Dolphin and Swan Reserve (in case I do decide to sell BWV) are both just under $2K (admittedly w/a King bed and no connecting door).

It frustrates me that there is no good answer. But I was wondering what other folk here are thinking about their Jan 2042 DVC ownership.

 

[Dean]

We've thought about it and it's been discussed ad nauseam over the years. While no one knows what DVC will do when the other 2042 resorts get close to the end of the RTU, I think it's unlikely they'll be an extension and ever more unlikely it'd be a reasonable option if they did offer an extension (the OKW extension options were not reasonable). We recently bought a resale AKV contract partly for that reason though mostly for the extra points, I would not have bought just for the RTU ending issue. We already own a smaller AKV contract which was our only retail DVC purchase. But 16 years is still a long time away.

 

[rickandcindy23]

You must be considerably younger than the two of us. In 2042, we will be 87. We did buy 1,000 OKW points that expire in 2057 direct from Disney. The kids will inherit, and the grandkids should get use as well.

Perhaps you will be offered a deal to extend your points because what will Disney do with it? Disney is selling timeshare like crazy.

 

[TheHolleys87]

We’ll be old enough in 2042 that it’s entirely possible we won’t live to see BWV end, so we added DD as an owner to avoid Florida probate. She can then do as she wishes at the time (use, rent, sell, give away).

I too doubt there will be an extension of the existing BWV condominium association. Instead I think they’ll renovate the building to bring to whatever standards are at the time and resell as part of the trust, complete with a new points chart where the units cost many more points than they do now.

 

[heathpack]

I will be 74 in 2042 and Mr H will be 81.

The only 2042 contract we own is 50 points at BCV. We have intentionally avoided buying resorts with 2042 expiration- not because we plan on using our DVC much past 2042 but because we want decent residual value in the contracts when we start selling them off around that time or even before. Our plan for the 50 pt Beach Club contract is to happily use it until 2042- the expectation is to use it personally but if we are not hale and hearty to maybe rent out our points over those "last hurrah" days.

What is it you're wondering about, exactly? Is it that you'd like to stay in the Crescent Lake area but think it will become unaffordable? I guess I assume that's what will happen and even if I were quite a bit younger than I am, I would not expect to stay in the Crescent Lake area past 2042. I imagine that there might possibly be something I could justify to myself as enough of a "deal" to buy it. But probably not because my sense is that the latest trend with Disney is to tier their offerings and expand offerings geared towards guests who don't care what things cost- they want convenience and easy access. So my sense is they will repackage BCV and BWV into an expensive "premium" product and make zero effort to offer something reasonably priced for existing owners or new members that fit the current demographic.

So my sense is when 2042 comes around, the Crescent Lake resorts will become unattainable for the likes of me. I am not the sort to pay $900/night for a hotel room.

 

[TheHolleys87]

So my sense is they will repackage BCV and BWV into an expensive "premium" product and make zero effort to offer something reasonably priced for existing owners or new members that fit the current demographic.

I agree. Extending the life of the existing condominium association leaves way too many $$$$ on the table for Disney. Not to mention the flexibility that the trust model apparently gives them, based on what I’ve read.

 

[bnoble]

I wanted an Epcot-ish area resort, but am hoping to be able to travel beyond 2042. That's why I bought RIV.

However, if i owned one of the other two, I would not do anything at all about it. Fifteen years is a long time for things to evolve and change.

(Edited: and that applies to all of the '42s. There is no problem to solve yet.)

 

[ljmiii]

I will be 74 in 2042 and Mr H will be 81...

...not because we plan on using our DVC much past 2042 but because we want decent residual value in the contracts...

What is it you're wondering about, exactly?

Thank you @heathpack (and all the rest of you) for your replies...I and my dear wife will be in our mid-late 70s.

When I purchased our latest contract, BWV, it was indeed with the intention that we would want to sell before the value of the contract 'fell off the cliff'. But as I continue to look into the alternatives - owning at Riviera, renting reservations at BWV/BCV, or paying cash for BW, YC, BC or the Marriott 'Swalphin' resorts - I'm finding that owning BWV until the contract expires is probably the best choice for us.

We love the villas at Riviera but like walking to the parks a lot better than riding the Skyliner. And even if I could get over that, I don't want to own at a resort where an ever increasing share of owners *have* to make reservations at Riviera and no where else.

Renting reservations at BWV/BCV isn't great for us because we always want to coordinate a split stay with BLT...and somewhat to my surprise we aren't as flexible about dates as I expected. Also, getting Boardwalk View reservations for anything but a 1BR at BWV isn't something I would trust to anyone else.

And lastly, the cash prices for BW, YC, BC or the Marriott 'Swalpin' resorts are eyewatering...particularly for 1BR suites.

So my sense is when 2042 comes around...

Obviously none of us have any real knowledge of what will happen. Though the old saw, 'DVC hasn't even hired the people who will make those decisions' probably isn't true anymore.

My personal guess is that BWV and BCV will retain their current footprint and simply be resold 'as is' in the normal refurb schedule under the then prevailing rules and prices for a premium DVC resort. I expect that current owners will have first dibs on purchasing a contract but no discounts will be offered...or perhaps a very small one to those who purchased direct or owned before a certain date (2011? 2019? 2032?).

 

[heathpack]

Thank you @heathpack (and all the rest of you) for your replies...I and my dear wife will be in our mid-late 70s.

When I purchased our latest contract, BWV, it was indeed with the intention that we would want to sell before the value of the contract 'fell off the cliff'. But as I continue to look into the alternatives - owning at Riviera, renting reservations at BWV/BCV, or paying cash for BW, YC, BC or the Marriott 'Swalpin' resorts - I'm finding that owning BWV until the contract expires is probably the best choice for us.

We love the villas at Riviera but like walking to the parks a lot better than riding the Skyliner. And even if I could get over that, I don't want to own at a resort where an ever increasing share of owners *have* to make reservations at Riviera and no where else.

Renting reservations at BWV/BCV isn't great for us because we always want to coordinate a split stay with BLT...and somewhat to my surprise we aren't as flexible about dates as I expected. Also, getting Boardwalk View reservations for anything but a 1BR at BWV isn't something I would trust to anyone else.

And lastly, the cash prices for BW, YC, BC or the Marriott 'Swalpin' resorts are eyewatering...particularly for 1BR suites.



Obviously none of us have any real knowledge of what will happen. Though the old saw, 'DVC hasn't even hired the people who will make those decisions' probably isn't true anymore.

My personal guess is that BWV and BCV will retain their current footprint and simply be resold 'as is' in the normal refurb schedule under the then prevailing rules and prices for a premium DVC resort. I expect that current owners will have first dibs on purchasing a contract but no discounts will be offered...or perhaps a very small one to those who purchased direct or owned before a certain date (2011? 2019? 2032?).

I totally agree with this. I bought BCV last year despite the "wisdom" being not to buy 2042 contracts because they are "too expensive" on a $/pt basis considering current sales price, fees associated with buying, and the limited number of points remaining. I agree that these points are expensive but not that the are "too expensive," considering the cost of the alternatives.

My "target" is to purchase points that cost me $12/pt or less, considering my buy in cost and the number of remaining points in the contract (and residual value will be a bonus, right now I'm just trying to beat the prevailing rental rate by a good margin). By my estimation method, my BCV points cost me $17ish/pt. This is barely below the prevailing rental rate and for most DVC locations is in my personal "no buy" zone. But I betting that rental costs for BCV and BWV continue to rise (sharply, I think!) and that bargains will become scare as renters see the end coming. And I think hotel rates in the Crescent Lake area will continue to rise probably disproportionately to other areas as Disney works to cement this area's reputation as a luxury zone.

Our plan is to use our points for a week's stay EOY in September in a studio. This gives us 9 weeks at BCV over the course of our ownership, at a current cost or around $1700/week. Its actually a decently affordable way to stay at that location.

 

[bnoble]

I think there are only two "dollars and cents" decisions about 2042 resorts that make sense. One: Sell them right now. Two: Hold them until expiration. Trying to time a sale between now and then seems tricky.

 

[Huskerpaul]

We bought BWV in 2022 with the intention of running out the clock, when I will be 79. We also added on at Boulder Ridge last year with the same intention.

 

[CPNY]

You must be considerably younger than the two of us. In 2042, we will be 87. We did buy 1,000 OKW points that expire in 2057 direct from Disney. The kids will inherit, and the grandkids should get use as well.

Perhaps you will be offered a deal to extend your points because what will Disney do with it? Disney is selling timeshare like crazy.

There is the answer, Disney is selling timeshares like crazy. They could easily take them back, place even more resale restrictions on them and re sell them for retail prices. Im sure they will offer owners the option to extend at ridiculously high prices. Either way, the mouse will come out ahead.

 

[nomoretslt]

I’ll be 86 and DH 88 in 2042. My goal is to outlive the contract(s). That’s 16 more years. My two grandmas lived to be 90. My parents … nope. I just try to live my best life…, I really would like to see what happens to BWV.
The thought to sell our BWV points never entered our minds.
Daughter is on all deeds except BWV. I guess I should take care of that. Although I have read of instances where the family doesn’t notify DVC after a death and just continue making reservations and paying the dues.
Gone will be the days of 10 point studios in September. What I hope they don’t do is demolish my favorite resort and replace with a high rise. The upkeep and. Maintenance must be never ending. I really dislike the Swan and Dolphin looming over Boardwalk. Seems like every picture I take…..there they are.
Anyway…..BLT points will be there for the family and direct points at Riviera can be used at newer resorts.
There will also come a time when we won’t be able to do the 8 hour drive. The thought of having to fly again….ugh. We could take a few days to drive and stay longer. I can imagine our kids….OMG are they crazy….they can’t drive that far!, They are too old. Lol, I still worry when my kids drive here.
32 more days for our next trip, hopefully DHs upcoming tests and Dr appointments won’t give us any surprises. He’s doing so much better.