- Joined
- Dec 19, 2008
In this special show, the panel discusses Disney Vacation Club general information including what it is, what is offered, and how you can be a part of it!
This is a true statement only for resorts without dedicated studios and 1 bedrooms. As a member heavily involved in that thread (and one of the few that talked to leadership directly) I wanted to just clarify that point. But everyone should realize if your home resort doesn’t have studio and 1 bedrooms what you said is exactly true. Though there are some believe DVC can’t do that legally but that is something they won’t likely admit to since they tried and want to avoid lawsuits.I enjoyed the show. Especially how Pete talked himself into needing some points.
There is a factual error, however. You guys stated that DVC was a hedge against inflation, and if you have points for a studio, DVC cannot raise the points per night for a studio unless they reduce the points somewhere else. DVC has recently abandoned this promise, and is using something called the “lockoff premium” to be a method by which they can raise studio and 1BR point costs up to 20% per year, with no corresponding reductions elsewhere in the points chart.
DVC, faced with a huge outcry on the boards, rolled back this change for the time being, and made the 2019 points charts very similar to the 2018 points charts. However, the language allowing this is still in the Public Offering Statement, and they reserve the right to increase the lockoff premium in this way in the future.
I feel that if you are educating people on DVC, you should recognize that DVC is no inflation hedge at all, unless you are solely renting GVs or 2BRs.
For more on this, see the thread called “Would You Join a Lawsuit?”
Agreed. It's a little premature to nitpick omitted facts based on one half hour conversation. I thought it was a fine introduction.It was a good first episode, I look forward to more.
Thank you![]()
Great intro to DVC! I think it really is only scratching the surface of what it all entails, so I do look forward to other episodes. I do think there should be some reference to the DVC portion of the disboards in future episodes. This forum really has been such a valuable resource to have access to. In the initial research phase of buying resale, to now using my points and learning all the ins and outs of the DVC system. There is always a new question that i have or I see questions from other members - questions that i never even thought of asking but have absolutely had an impact on how I plan my DVC trips.In this special show, the panel discusses Disney Vacation Club general information including what it is, what is offered, and how you can be a part of it!
Thanks for this! My husband and I bought in in September, so we knew a lot of the info but still enjoyed listening. It was nice to hear your story as well.In this special show, the panel discusses Disney Vacation Club general information including what it is, what is offered, and how you can be a part of it!
Agreed! DVC boards here were invaluable, especially during ROFR!Great intro to DVC! I think it really is only scratching the surface of what it all entails, so I do look forward to other episodes. I do think there should be some reference to the DVC portion of the disboards in future episodes. This forum really has been such a valuable resource to have access to. In the initial research phase of buying resale, to now using my points and learning all the ins and outs of the DVC system. There is always a new question that i have or I see questions from other members - questions that i never even thought of asking but have absolutely had an impact on how I plan my DVC trips.
Thanks for this! We'll be making this show a regular addition to our channel and I'll make sure to issue a correction on the next one we record. BTW, I really did talk myself into it. I sign my first contract Monday LOL!I enjoyed the show. Especially how Pete talked himself into needing some points.
There is a factual error, however. You guys stated that DVC was a hedge against inflation, and if you have points for a studio, DVC cannot raise the points per night for a studio unless they reduce the points somewhere else. DVC has recently abandoned this promise, and is using something called the “lockoff premium” to be a method by which they can raise studio and 1BR point costs up to 20% per year, with no corresponding reductions elsewhere in the points chart.
DVC, faced with a huge outcry on the boards, rolled back this change for the time being, and made the 2019 points charts very similar to the 2018 points charts. However, the language allowing this is still in the Public Offering Statement, and they reserve the right to increase the lockoff premium in this way in the future.
I feel that if you are educating people on DVC, you should recognize that DVC is no inflation hedge at all, unless you are solely renting GVs or 2BRs.
For more on this, see the thread called “Would You Join a Lawsuit?”
Welcome home!!Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.
Pete
Loved it, Pete. I’m still on the sidelines... but getting closer to convincing the husband.Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.
Pete
Congratulations! Welcome Home! Can wait to hear about where you decided to buy and your experience with the process. I'm sure that will make it into the next episode.getting ready to sign my first contract on Monday!
Was it BLT? can't wait to hear about it.Thanks for this! We'll be making this show a regular addition to our channel and I'll make sure to issue a correction on the next one we record. BTW, I really did talk myself into it. I sign my first contract Monday LOL!
You'll want to add an episode called "Addonitis" to the docket for sure. You'll catch the disease shortly after you sign your first contract (probably mid-day next Wednesday, maybe sooner). On the bright side, you have us all here on your platform to provide free counseling to help you cope with it.Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.
Pete
I hope you used The Timeshare Store!Thanks for this! We'll be making this show a regular addition to our channel and I'll make sure to issue a correction on the next one we record. BTW, I really did talk myself into it. I sign my first contract Monday LOL!
Agreed. I think it was a good introduction into DVC and a broad overview of the product. One only has to look at these forums to develop content for the next 50 episodes and the appropriate progression from introductory to advanced topics. Having been on the DVC boards for close to a decade I've seen the same themes/topics/threads show up again and again over time. It's going to be a lot of work to plan it out, but if done properly each topic could be an individual episode and could be an intriguing podcast for years to come. Good luck with the new endeavor, Pete!Agreed. It's a little premature to nitpick omitted facts based on one half hour conversation. I thought it was a fine introduction.
Looking forward to DVC 102...
Welcome home!!Thanks everyone for the feedback. Keep the suggestions coming! We are making this a regular show (especially now that I've taken the plunge and am getting ready to sign my first contract on Monday! Let me know what topics/issues you'd like covered and I'll make sure they get worked into future episodes.
Pete