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Post by neednewpark on Mar 20, 2023 8:28:56 GMT -5
There has been a lot of expiry talk in recent. On forums and on podcasts. Got me thinking.... Come 2042 there will be 4 WDW resorts and 2 Off property resorts that expire. I wonder the number of contracts between them. (Maybe someone knows that?) That is an insane flood of contracts for DVC to resell. They will not want to let these sit too long as they lose money. Sure they can cash them out but they are deluxe and deluxe prices. Will be a hard few years to get them all sold out. Then to do it again in 2054. This makes me feel more and more that they will need to get very far ahead of this. Like 5-10 years ahead. Clearly we are not there yet. So a simple poll to ask this group. 2 answers to keep it simple. And share your thoughts.
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Post by cpnkirk on Mar 20, 2023 9:35:05 GMT -5
I really doubt they will offer extensions. I imagine refurb / resell. Doesn't mean they will have all to sell at one time, though - they could make it a cash resort for a few years before changing back to DVC.
Can you imagine the points chart differences from current OKW to a new OKW (NKW?)?? The 3br might double!
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Post by ermindy1133 on Mar 20, 2023 9:59:07 GMT -5
Well... They tried the extension at OKW, and it wasn't a resounding success. I agree with others who have said that it was offered too far in advance. I really don't think they will offer an extension again at OKW. Best plan there is to slowly take contracts back through ROFR and resell them as 2057 expirations. That would leave fewer expiring contracts in 2042 at that resort. BCV and BWV are going to be problematic. Two of the most in demand properties will be expiring at the same time. That's really bad! maybe some faint hope for extensions there? It will be interesting to see if surveys appear in the next few years, trying to gauge interest. Since they have converted part of the Lodge to DVC, I think that the ones of us who own at BRV are just screwed. We aren't likely to see an extension offer for our happy place.  Vero and HH are going to be problematic as well. I know that people love those resorts, but MF's are through the roof, and they aren't truly connected to anything. I've heard knowledgeable DVCers speculate that Disney will simply sell those properties in 2042. I really don't know how they will handle them, but ii suspect that they will be "allowed a natural death." I would LOVE to be wrong. I would love the opportunity to buy an extension on our BRV contract, but don't want to get my hopes up. I guess we will see... |
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Post by ermindy1133 on Mar 20, 2023 10:00:54 GMT -5
I really doubt they will offer extensions. I imagine refurb / resell. Doesn't mean they will have all to sell at one time, though - they could make it a cash resort for a few years before changing back to DVC. Can you imagine the points chart differences from current OKW to a new OKW (NKW?)?? The 3br might double! Because of the botched extension, that resort has 2 exp dates, the current 2057 owners, at least, will get to keep their 10 point/night studios until 2057. |
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Post by captjacksfamily on Mar 20, 2023 10:27:53 GMT -5
I don’t expect extensions I would put money on a discount, probably something like 20% to current owners to try and hook us into buying new contracts. I would think this would be offered somewhere between 2 and 5 years from the end of the current contract, basically late enough that our contracts won’t be worth anything in the resale market. By selling new contracts they can adjust the price and point charts as well as take the resorts down for an extend time for major refurbs.
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Post by helenabear on Mar 20, 2023 11:57:50 GMT -5
They will never offer an extension again. Far too complicated and OKW flop shows it's the wrong way to go.
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Post by MinnieMom on Mar 20, 2023 12:08:54 GMT -5
I voted extension, simply because it was tried once. I doubt it would be set up the same as the OKW experiment, but some type of extension or continuing owner discount seems probable.
When was the last time a stand along cash resort was built at WDW with a DVC component? I think it would have to be Art of Animation, and that was an updated continuation of the old Pop Century plans revamped.
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Post by neednewpark on Mar 20, 2023 12:20:08 GMT -5
They will never offer an extension again. Far too complicated and OKW flop shows it's the wrong way to go. I do not think the extension route is the same as the OKW one. Since the property will be expiring the choice will be more definite. Extend or expire. Not extend 30 years from now. But i do agree what they did to OKW complicated things. |
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Post by disneyspaz on Mar 20, 2023 13:40:43 GMT -5
I say no extension simply because if they take it back and resell it they can change the points charts. If they offer extensions it would lock in the points charts.
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Post by helenabear on Mar 20, 2023 13:45:37 GMT -5
They will never offer an extension again. Far too complicated and OKW flop shows it's the wrong way to go. I do not think the extension route is the same as the OKW one. Since the property will be expiring the choice will be more definite. Extend or expire. Not extend 30 years from now. But i do agree what they did to OKW complicated things. There really is no other option than to extend the entire resort x many years like they did with OKW. They will not make that mistake again or they would have offered it. It's too complicated and causes issues when not all extend. Or paperwork gets lost (ahem). They will not do it again. Only thing they'd do is resell new contracts and maybe offer a discount for original owners. They won't consider an extension again or they'd have done it already. |
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Post by carol on Mar 20, 2023 19:15:39 GMT -5
They will refurb and sell as new. I expect higher points per night, too - at least comparable to VGF and Riviera, maybe more.
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Post by pooh bears mom on Mar 20, 2023 19:36:47 GMT -5
BCV and BWV they will definitely refurb and resell with high point chart and price. the other resorts, we may see an early incentive to buy. HHI and VB, I think they will sell to HIlton, or Marriot or Holiday Inn, which will be sad, as I love HHI
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Post by neednewpark on Mar 20, 2023 20:25:27 GMT -5
I say no extension simply because if they take it back and resell it they can change the points charts. If they offer extensions it would lock in the points charts. Very good point. |
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Post by FessParker1 on Mar 21, 2023 5:31:11 GMT -5
I really doubt they will offer extensions. I imagine refurb / resell. Doesn't mean they will have all to sell at one time, though - they could make it a cash resort for a few years before changing back to DVC. Can you imagine the points chart differences from current OKW to a new OKW (NKW?)?? The 3br might double! Because of the botched extension, that resort has 2 exp dates, the current 2057 owners, at least, will get to keep their 10 point/night studios until 2057. Current and future owners will have til 2057 as long as you buy a 2057 before expiration. They could chop the resort in half and rename part of it and add on any new restrictions and a different point chart. Doubt this will happen as there making so much from dues they could just give the points away and still make money. |
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Post by brp on Mar 21, 2023 8:34:45 GMT -5
I also voted that they will let them expire.
if they extend and the price is reasonable, I might extend and sell. But I don't expect that.
Cheers.
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