DCA, Future Expansion
Topic: GCH expansion official announced - 50 DVC units

#	Author	Message
21	pitapan16 Wed 9/19/2007 8:56p	If you are going to purchase a Condo, I recommend purchasing assets first to pay for it.
22	dennis-in-ct Thu 9/20/2007 4:24a	lol ... good one pitpan <<< Mousesavers says it takes 20 yrs to break even and don't ever *EVER* enter into a DVC purchase if you have to finance - always pay the buy in up front or don't consider it at all. <<< I said that wrong. What the website said was to only purchase a DVC if you have the cash for the intial buy-in cost.
23	jonvn Thu 9/20/2007 7:53a	OK, I'll say it likke this: Don't buy a DVC timeshare. I don't know what numbers that site did, but it simply is throwing money away. I'll look later in the day. The worst of it is the fact that the timeshare reverts to Disney after a certain time period. You're not even BUYING a timeshare with DVC, you're LEASING one. For a lot of money. Money you can hold on to and invest where it will actually make you some money. Save your money, buy vacations when and where you want to go.
24	LuLu Thu 9/20/2007 10:19a	dennis, wow! Thanks for the link. I'd just gotten an offer of 500 bonus "Disney Reward Dollars" with a DVC purchase, so I was wondering if it was worth looking into. That page quickly convinced me not to bother!
25	jonvn Thu 9/20/2007 10:24a	I just took a quick look at this page. You have to be OUT OF YOUR MIND to do this, financially. Look: "The initial cost of joining DVC is significant (without incentives, the current minimum of 160 points costs $16,640 plus closing costs, if you purchase direct from Disney) and you will pay substantial annual dues (current minimum is around $640)." So the MINIMUM is $17K! OK, you can go to WDW for about $1000. Say $1500. For a week. SO, you just prepaid for like the next 25 years worth of Disney vacations. In the meantime, they have your money, while you sit at home getting mailers from DVC. You know who doesn't have your money in all that time? YOU DON'T! SO unless there is some other reason to do this, it's to be avoided.
26	Sport Goofy Thu 9/20/2007 10:29a	<< SO unless there is some other reason to do this, it's to be avoided. >> Well, I don't advocate a DVC purchase, but I can envision a scenario where the U.S. dollar continues to deteriorate and we see escalating inflation. If my crystal ball said that vacations 25 years from now will cost 4 to 5 times more than they do today, I might take advantage of buying all my vacations now in 2007 dollars and achieve a cost savings up front. However, since I only take a vacation once every 5 years or so, I think I'd rather take my chances and keep my money in the bank.
27	berol Thu 9/20/2007 10:38a	If I stay lots of nights each year in expensive Disney park hotels, DVC saves money (but so does moteling it.) The result with or without DVC is Disney has a big pile of my money with only paper to show for it.
28	LuLu Thu 9/20/2007 11:46a	I think she says you have to average $1200 in Disney lodging per year (2005 dollars) to even begin considering it. And then you have to figure you'd continue doing that for 50 years! Add in managing your points, and it's just way too much of a commitment/hassle, even if it made sense financially. In the case of inflation, your annual dues continue to rise anyway. She's assuming your dues and lodging costs rise at about the same rate.
29	berol Thu 9/20/2007 11:53a	I know of someone that must be spending around $5000-6000/year on GCH lodging. If that were me, I'd be all over GCH DVC.
30	jonvn Thu 9/20/2007 11:58a	Oh, while we're at it: Don't lease a car, either.

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