Originally Posted By Spirit of 74 <<I hate Beach Club. Sorry but I do.>> Why apologize? I agree with you and have never stayed there. I do believe it is the worst thought out and executed DVC resort constructed. It was built where it had no business being put. It has overextended/taxes the services and staff of the BC/YC and has brought them down to the point I don't stay there anymore.
Originally Posted By RoadTrip <<There are only so many people out there that want to buy in. Aren't there?>> Probably, but that doesn't bother me. I've never seen DVC as an investment so I really don't care whether there is a resale market out there or not. I see it as discounted lodging which is an entirely different thing. I think anyone who has bought DVC as an investment has made a huge mistake. What kind of investment is something that goes "poof" in 40 years? As for future maintenance... if they are using sales of new units to finance maintenance of existing units they are violating terms of the purchase agreement. I can not believe they are doing that. The maintenance fee covers maintenance. It does now, it will in the future. What will eventually need doing that is not being done now? Boardwalk has already been repainted a couple of times, the carpet has been replaced, and much of the furniture has been replaced. What else are you going to have to do over the long term? Replace the roof? That is not a hugely expensive task compared to all of the other routine maintenance that is done. I see no problem with the maintenance fee financing all needed maintenance well into the future. I pay about $940 per year in maintenance fees. My points will buy one week in a one bedroom unit, so they can sell that unit for 51 other weeks. That means over the course of a year that unit will earn about $48,880 in maintenance fees. Would anyone here like to explain how $48,880 per year is not enough money to maintain a 712 square foot unit plus its share of the common areas? I think this is just a case of the usual gloomers and doomers practicing their trade. Maintenance fees will pay for maintenance through the end of everyone's contract without a problem. The Contemporary and the Poly are thirty years old and are two of the most sought after resorts at WDW. The Disneyland Resort at DL is 50 years old and still packing them in. Why do you think the DVC units would be any different?
Originally Posted By Spirit of 74 Lost in Trippy's usual wordy, rambling about the wonders of DVC are two GREAT points that deserve repeating so: <<I think anyone who has bought DVC as an investment has made a huge mistake. What kind of investment is something that goes "poof" in 40 years?>> <<Would anyone here like to explain how $48,880 per year is not enough money to maintain a 712 square foot unit plus its share of the common areas?>> (although I bet a Disney exec or MBA could come up with a good BS answer to the above!!!)
Originally Posted By TDLFAN Side note. The entire North annex building complex at the Contemporary is now closed and behind construction walls.. No wrecking ball in sight just yet but I think it's only a matter of time.
