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Post by helenabear on Feb 12, 2024 22:16:13 GMT -5
I'm sure dvcforless can answer anything about that. I wouldn't blame them if they don't, not a lot of companies want to give away their business model. I would guess they get a fee or percentage if the contract sales or are paid per click through. However they are doing it they have a done a great job and their list of agencies using them is impressive. There is a ton of data to play with all in one place. It is interesting the price history varies by the size of the contract, I would love to see it posted with an overall trend for all contracts included. Of course that may just be me trying to determine if we are seeing a EOL effect for the 2042 contracts. Just glancing at a few of the charts and not really mining data I don't see much of an affect yet. I am also not sure if the status button is something they assign of if the listing agent assigns it. It will be their call. I dropped the ball and didn't post this thread for a few days when I got the last message (just was busy) so hopefully soon they'll jump on in. Anyone have thoughts on current best value resort for resale? Last I spent the time looking at resale prices, end dates, annual fees and similar it was almost a toss up between SSR and BLT. I am getting add on fever for a resale now that we know the cabins at FW are a no-go for purchase for us. I have add on fever too but only for one location. It's not the cheapest resale either but pondering a specific contract. I'd divide out average cost per year for points. I probably would calculate out how many days I'd get with the points and some other stuff along witj MFs. I bet SSR would be a winner. |
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Post by Adelard of Bath on Feb 13, 2024 11:55:50 GMT -5
We are having add-on fever, too, although maybe "fever" isn't the right word. More like "running a very slight temperature" vs a fever. We know where we want and luckily the amount we want to spend aligns with about how many points we are interested, but the increase in dues this would mean is giving us pause. Another $1000 a year! Give or take. I told her that's a little less than $50 per paycheck...which right now isn't as easy as we'd like.
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Post by helenabear on Feb 13, 2024 12:10:25 GMT -5
We are having add-on fever, too, although maybe "fever" isn't the right word. More like "running a very slight temperature" vs a fever. We know where we want and luckily the amount we want to spend aligns with about how many points we are interested, but the increase in dues this would mean is giving us pause. Another $1000 a year! Give or take. I told her that's a little less than $50 per paycheck...which right now isn't as easy as we'd like. I think that's what mine will go up if I pull the trigger on this contract. It's low priced but the resale company is sucking it up big time for me. They are doing no work at all. I kind of wish the seller would agree to do a private sale. |
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Post by MinnieMom on Feb 13, 2024 15:59:25 GMT -5
I just want more points for more nights on property. We rarely use home resort advantage, so any of the WDW resorts would do. I used the www.dvcforless.com to quickly pull the info to do a cost comparison. I like the site layout and information. Nice. Ignoring the on-going increases in annual dues to simplify the comparison, this is what I get when I run the math:  My first thought was that direct purchase for CFW may not be as bad as I originally thought - at least by the annual cost to own comparison. Sure, that makes it the most expensive on the chart. But it's the only direct on the chart and that's always going to be the most expensive option. While the staggering annual fee costs for the cabins still shocks me, if/when CFW resale contracts start hitting the market, that might not be a terrible way to go. When I dropped the purchase price to $175 and years to 48 on my chart, the annual cost to own dropped to less than Beach Club ($1580 v $1589). If resale purchase prices average $125 in two years, that puts annual cost to own (excluding annual fee increases) at $1,476 - just between Boulder Ridge and BoardWalk. So still on the higher end of the scale, but given the point charts per night that may wind up being a good value in a few years unless the joker in the deck that is annual fees winds up compounding against the cabins. BLT coming out as the least expensive on an annual cost to own basis did not surprise me. I figured it would be BLT or SSR and the additional 8 years of contract life plus lower annual fees make the difference. Copper Creek beating SSR is a bit of a surprise. I really enjoy that resort, but it would not have been on my radar for a value play. That's really interesting. This brief look may solidify the decision to wait a couple of years and see what happens when CFW contracts hit the resale market. I want more points but don't see us using them until 2026, maybe 2027 at this point. Plus, while I don't see CFW being a real value option for cost of ownership given dues, I could see it being a good option for us to buy resale in a couple of years. I don't love the floorplan of the new cabins, but do love Fort Wilderness and the thought of a kitchen plus extra space for the nightly point value of a studio. So the site was very helpful. That's getting benchmarked as the new go-to resource for pulling info on resale possibilities. Thanks! |
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Post by tomandrobin on Feb 13, 2024 17:05:06 GMT -5
Nice calcs.....I like to see the cost of ownership as a per point value. But since you are using 100 points as your basis, you can just move the decimal over two places.
Then one thing that would scare me on the Cabins is the yearly maintenance fee. Its already scary high and I can see that over the next fifty years possibly being worse.
As your chart shows well, that the purchase price really is not that big of a deal vs the actual money spent over the life of ownership.
I have not looked at the rental profit margins in awhile of all the resorts. Wow, those margins have really gotten tight at BCV and BWV. If you are renting at $20 pp, you are only making $4 pp. I have been renting my SSR at $18-$19 pp, making $6.7-$7.7 pp.
Those 2042 resorts will be dogs to own in a few more years. I will be interested to see how the resale prices hold and the mf.
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Post by cpnkirk on Feb 13, 2024 20:16:26 GMT -5
Copper Creek had everyone shocked at the opening price for MF per point. Over the next few years, all other resorts had greater increases per point than CCV, and now look - they are mid to low in MF ranking.
I'm hoping the same thing doesn't happen compared to the Cabins @ FW MF!
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Post by helenabear on Feb 13, 2024 20:23:31 GMT -5
Making me think I need to finalize a sale of PVB at @ $133 per point. Hmmm. CCV felt like a great value when I got it too. Only my OKW isn't great but at 20 years of ownership and purchase price of around $60 I could rent for $14 and be thrilled.
Struggling with the agent at Vacatia right now. Not sure next step.
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Post by MinnieMom on Feb 14, 2024 11:04:10 GMT -5
Destination preference aside, I could see Poly becoming a better value over time with the tower. That *should* help control MF increases. Fingers crossed, anyway.
I had not considered rental values versus cost to own at all. Saratoga - or early buyers at Old Key West - come up looking brilliant in those scenarios!
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Post by tomandrobin on Feb 14, 2024 11:53:01 GMT -5
Destination preference aside, I could see Poly becoming a better value over time with the tower. That * should* help control MF increases. Fingers crossed, anyway. I had not considered rental values versus cost to own at all. Saratoga - or early buyers at Old Key West - come up looking brilliant in those scenarios! My original plan was always to have enough points to use half and rent half. The half of points I rent would cover all maintenance fees.
Currently, I make $11-$12 pp over MF which is making more than my original goal of double MF. I hope that trend continues going forward.
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Post by brp on Feb 14, 2024 11:57:22 GMT -5
Destination preference aside, I could see Poly becoming a better value over time with the tower. That * should* help control MF increases. Fingers crossed, anyway. I had not considered rental values versus cost to own at all. Saratoga - or early buyers at Old Key West - come up looking brilliant in those scenarios! My original plan was always to have enough points to use half and rent half. The half of points I rent would cover all maintenance fees.
Currently, I make $11-$12 pp over MF which is making more than my original goal of double MF. I hope that trend continues going forward.
That's a nice plan. How long is/was the breakeven on the initial outlay for the investment portion of the points? Cheers. |
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Post by helenabear on Feb 14, 2024 12:24:32 GMT -5
Destination preference aside, I could see Poly becoming a better value over time with the tower. That * should* help control MF increases. Fingers crossed, anyway. I had not considered rental values versus cost to own at all. Saratoga - or early buyers at Old Key West - come up looking brilliant in those scenarios! I'll be honest so far PVB isn't bad with fees anyway but the tower should help. My OKW purchase was done during a time when I calculated a break even point vs my usual Swalphin stay. Even with the rooms being like $150-170 night max (often around $130) I still broke even after something like 6 years. So while I complain about OKW MFs having such an old contract does take the sting out Destination preference aside, I could see Poly becoming a better value over time with the tower. That * should* help control MF increases. Fingers crossed, anyway. I had not considered rental values versus cost to own at all. Saratoga - or early buyers at Old Key West - come up looking brilliant in those scenarios! My original plan was always to have enough points to use half and rent half. The half of points I rent would cover all maintenance fees.
Currently, I make $11-$12 pp over MF which is making more than my original goal of double MF. I hope that trend continues going forward.
I'm wondering if my adding on will allow for some rentals as my kid gets older. I probably should just go with this and get the latest find started. The agent is really sucking it up but I have a good deal for PVB. I have worried about rental market collapsing and being flooded lately. But I'm not caring too much how much I'll make. For the record if anyone is curious Disney definitely doesn't want PVB points. It's been kinda obvious in resale for a while but Disney refused a buy back offer for this contract I'm looking at. |
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Post by Kerri jo on Feb 14, 2024 21:30:38 GMT -5
What are your thoughts about why Disney is letting PVB resale go through ROFR? I would have thought they'd be acting on those but I haven't been following as much as I used to.
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Post by helenabear on Feb 14, 2024 22:41:11 GMT -5
What are your thoughts about why Disney is letting PVB resale go through ROFR? I would have thought they'd be acting on those but I haven't been following as much as I used to. Last I checked not one PVB contract has been retaken in a very long time! When DVC is about to add on again, they do not take contracts back through rofr unless for some reason they absolutely needed it. They do not want a surplus points. They also did this when VGF was about to come back on the market as a new offering. |
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Post by Eeyorelover22 on Feb 15, 2024 6:30:32 GMT -5
Nice calcs.....I like to see the cost of ownership as a per point value. But since you are using 100 points as your basis, you can just move the decimal over two places. Then one thing that would scare me on the Cabins is the yearly maintenance fee. Its already scary high and I can see that over the next fifty years possibly being worse. As your chart shows well, that the purchase price really is not that big of a deal vs the actual money spent over the life of ownership. I have not looked at the rental profit margins in awhile of all the resorts. Wow, those margins have really gotten tight at BCV and BWV. If you are renting at $20 pp, you are only making $4 pp. I have been renting my SSR at $18-$19 pp, making $6.7-$7.7 pp. Those 2042 resorts will be dogs to own in a few more years. I will be interested to see how the resale prices hold and the mf. We like dogs and bought a 50 pt BWV resale dog. I love RR, but DH does not so since we’ve been in a refurbished room twice now and he loves it, I started looking. I’m going to get the cashier’s check this morning. I purchased my own Welcome Home gift at The Screen Door which is the super duper cute Boardwalk Loungefly. It was too easy and I keep thinking I need to even it out for the kids, but with “only” 18 years left it will expire before they are even retirement age so unless we find that 50 points isn’t enough and I can’t find enough unicorns, we’ll stick with 50 points. it’s interesting to me that “blue card status” isn’t as big of a deal now that we are in Florida full time. There isn’t that much of a draw to obtain that when I think about it. Our AKV are all direct and can transfer to the kids that way and for them being out of state maybe cheaper tickets will help them. I’m hoping to get into MM on general registration today…looks like it’s already full…and if I can’t without a room, that sort of seals that thought for me with blue card status. They don’t offer enough to pay all the extra money. When we bought direct, I didn’t know anything about the resale market. |
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Post by captjacksfamily on Feb 15, 2024 6:47:05 GMT -5
...Those 2042 resorts will be dogs to own in a few more years. I will be interested to see how the resale prices hold and the mf. I am actually surprise that these aren't seeing more of dip from that now. Our only remaining DVC contract is at BWV and we were recently discussed putting it on the market, in the end we decided to keep it because living so close we would probably never replace it once it was gone. So just like Slim Pickens in Dr Strangelove we're riding into the ground. |
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