VDH Opening

[ehh]

$2.73 per point tax seems extremely high. I could stomach the 230/pt. and dues of 9.06. But when you add in another 2.73 pp for tax and parking on top of that we're looking at the equivalent of $12+ dues. This can't be right.

We're in the same boat for the transient tax. We were fine with the $230, the $9.06, and our stay being in a higher season than the VGC calendar. But an additional tax that's ~30% on top of dues? Ugh.

We're reconsidering.

 

[Epcot Forever Forever]

I agree and it seems like locking in these rates is a good idea given inflation and future costs will rise one way or the other.

The problem is the time value of money when we are dropping 15k-35k. The value proposition just isn’t quite there compared to all the previous dvc sales.

I’m calculating a 2024 all in cost of ~$21/ point the way I calculate cost of capital. That’s $483 for a standard Studio when I usually travel to Disneyland and the Disneyland Hotel in that window starts at $597+tax. But we’re a family of 5 so once the littlest is out of a pack and play, we’re in a 1BR, and we’re looking at $903 worth of points per night to fit our family of 5.

I could stay at GCH for about that with tax. Or at a suite at several nearby hotels for 1/3rd of that.

I’ve been excited about this for 3 years but it had to make financial sense. It…doesn’t. Like, at all. Not even a little bit.

Sorry Disney there’s no damn way.

 

[Epcot Forever Forever]

I’ve also reversed thinking on this: I think they’ll be selling it for *years*

 

[happythoughts & pixiedust]

I’m calculating a 2024 all in cost of ~$21/ point the way I calculate cost of capital. That’s $483 for a standard Studio when I usually travel to Disneyland and the Disneyland Hotel in that window starts at $597+tax. But we’re a family of 5 so once the littlest is out of a pack and play, we’re in a 1BR, and we’re looking at $903 worth of points per night to fit our family of 5.

I could stay at GCH for about that with tax. Or at a suite at several nearby hotels for 1/3rd of that.

I’ve been excited about this for 3 years but it had to make financial sense. It…doesn’t. Like, at all. Not even a little bit.

Sorry Disney there’s no damn way.

Exactly the number I'm getting. Almost exactly equivalent to buying VGC direct for $310. Truly insane. Very curious to know why the tax at VDH is 5.5X VGC.

 

[sannibeller777]

Hi, excited about this! I've been a DVC member for many years, new to this site, and am trying to catch all the abbreviations -- what is MF?

 

[nlenguyen]

I thought they would sell fast, but yes, Riveria strategy is the way they want. They will be actively selling 6 resorts by the time VGF sells out as this probably would likely sell out in a year or so

 

[nlenguyen]

Hi, excited about this! I've been a DVC member for many years, new to this site, and am trying to catch all the abbreviations -- what is MF?

Maintenence fees (annual dues)

 

[broncofan]

I’m calculating a 2024 all in cost of ~$21/ point the way I calculate cost of capital. That’s $483 for a standard Studio when I usually travel to Disneyland and the Disneyland Hotel in that window starts at $597+tax. But we’re a family of 5 so once the littlest is out of a pack and play, we’re in a 1BR, and we’re looking at $903 worth of points per night to fit our family of 5.

I could stay at GCH for about that with tax. Or at a suite at several nearby hotels for 1/3rd of that.

I’ve been excited about this for 3 years but it had to make financial sense. It…doesn’t. Like, at all. Not even a little bit.

Sorry Disney there’s no damn way.

I'm just so happy to hear from someone else who makes spreadsheets and calculates the per night cost including a consideration of the cost of capital. The days where that came to 40-60% savings (never the 70% that was advertised when we first bought in 2007, but I can't fault them for not including time value of money) are long gone for direct purchases.

 

[nlenguyen]

I'm just so happy to hear from someone else who makes spreadsheets and calculates the per night cost including a consideration of the cost of capital. The days where that came to 40-60% savings (never the 70% that was advertised when we first bought in 2007, but I can't fault them for not including time value of money) are long gone for direct purchases.

I wonder if they will say that purchasing VDH will be a 40-60% savings, because you just need to look online, it is not, maybe 20% if that

 

[take36]

I’m calculating a 2024 all in cost of ~$21/ point the way I calculate cost of capital. That’s $483 for a standard Studio when I usually travel to Disneyland and the Disneyland Hotel in that window starts at $597+tax. But we’re a family of 5 so once the littlest is out of a pack and play, we’re in a 1BR, and we’re looking at $903 worth of points per night to fit our family of 5.

I could stay at GCH for about that with tax. Or at a suite at several nearby hotels for 1/3rd of that.

I’ve been excited about this for 3 years but it had to make financial sense. It…doesn’t. Like, at all. Not even a little bit.

Sorry Disney there’s no damn way.

What happened to the dvc pitch “stay deluxe for the price of a moderate.”

Using Paradise Pier prices as “moderate” VDH is still more expensive and many consider DLH moderate and that doesn’t fly neither.

There are just too many good hotel options at all price points around DL that are closer then any of the Disney resorts.

I want to buy so bad but if I’m not saving any money then why am I buying dvc?

 

[Epcot Forever Forever]

Exactly the number I'm getting. Almost exactly equivalent to buying VGC direct for $310. Truly insane. Very curious to know why the tax at VDH is 5.5X VGC.

I looked it up. Timeshare owners can negotiate lower rates with the city. They must have done that with VGC and not with this.

 

[broncofan]

I wonder if they will say that purchasing VDH will be a 40-60% savings, because you just need to look online, it is not, maybe 20% if that

Everything I've seen in recent times just makes a vague statement about how you can save on your vacations, year after year... or something along those lines. But when we bought I'm pretty sure the brochure said 70%, then it changed to 50% a few years later, and then they stopped giving a percentage. But you're right, my calcs for VGF, RIV, and now VDH all come to less than 20% and even that is very sensitive to the discount rate you use.

 

[Kjdisney]

Just got off phone with guide. Confirming what others have stated. $230 pp (no word on incentives), $9.06 initial mf, 2023 tax $2.73 pp at checkout, 2024 tax $2.82 pp. Ouch

We're in the same boat for the transient tax. We were fine with the $230, the $9.06, and our stay being in a higher season than the VGC calendar. But an additional tax that's ~30% on top of dues? Ugh.

We're reconsidering.

Me too! I couldn’t see any information of an increase in the transient occupancy tax for 2024, so it looks like at the current 15% tax they’ve assigned a base value of $18.25 pp and have increased base value by 3% for 2024. I’m not great at math so maybe I’m looking at it wrong, but it’s enough to count me out. It’s a shame I even purchased Enchant key in anticipation of purchase.

 

[Epcot Forever Forever]

Everything I've seen in recent times just makes a vague statement about how you can save on your vacations, year after year... or something along those lines. But when we bought I'm pretty sure the brochure said 70%, then it changed to 50% a few years later, and then they stopped giving a percentage. But you're right, my calcs for VGF, RIV, and now VDH all come to less than 20% and even that is very sensitive to the discount rate you use.

I haven’t seen a sign that said 50% since CCV sold out.

 

[AaronEuth]

Fifty years of VDH @ 230 per point, is $4.60 per point per year in actual purchasing price. That I can stomach. But telling me I have to pay a tax of over 50 percent of the purchase price per point, to use those points is a non starter for me. It effectively makes VDH a 345/point purchase and that's just not happening.

 

[take36]

Me too! I couldn’t see any information of an increase in the transient occupancy tax for 2024, so it looks like at the current 15% tax they’ve assigned a base value of $18.25 pp and have increased base value by 3% for 2024. I’m not great at math so maybe I’m looking at it wrong, but it’s enough to count me out. It’s a shame I even purchased Enchant key in anticipation of purchase.

Unless they plan to jack up the cash rates, we aren’t really saving anything. We giving up housekeeping and having to plan far in advance, possibility of being unable or losing points, less flexibility to get a 20% discount at best?

There better be some sweet incentives or a lot of luggage sets and backpacks.

Oh and new owners aren’t even going to be full members unless they buy 150pts.

 

[sannibeller777]

Maintenence fees (annual dues)

Ah, yes, OK annual fees! Thank you!

 

[Epcot Forever Forever]

Me too! I couldn’t see any information of an increase in the transient occupancy tax for 2024, so it looks like at the current 15% tax they’ve assigned a base value of $18.25 pp and have increased base value by 3% for 2024. I’m not great at math so maybe I’m looking at it wrong, but it’s enough to count me out. It’s a shame I even purchased Enchant key in anticipation of purchase.

That $18.75 is within pennies of the number I get for dues + (buy in / (years when considering cost of capital)). That’s very funny to me that Disney knows that’s how to value the timeshare but advertises the straight line method.

 

[Epcot Forever Forever]

I am very curious as to @Brian Noble ’s take on both the Anaheim tax (and how it relates to non-Disney timeshares) and also the overall value as detailed in the last 20 or so posts.

 

[Brian Noble]

"Say it three times..."

The WorldMark Anaheim charges a per-night ToT based only on unit size, not season. It's $27 and change per night for a studio. You can see all the values here:
https://worldmark.wyndhamdestinatio...value-charts/wbw-credit-tax-resort-alerts.pdf

If you use the maximum reallocation values, TOT at VDH studios range from $40-something to almost $80. Given the difference in room-rate/value between the WorldMark and the Disneyland Hotel, that's probably not wrong. I have no idea why VGC is so low.

Just spot-checking, a Premium view room at DLH in the second full week of May comes to $4,480 all-in--and that's (presumably) discounted, using the Spring promotion. The Preferred view studio is probably most comparable to that, at 134 points for the week. Using the $18.75 all-in/first-year cost, that's $2,512.

The week I would have gone just so happens to be spring break week for most of Southern California, so it is bananas busy and the highest point season. That studio is 223 points that week, at $18.75 an all-in cost of $4,181.25. So, for a bit less than it costs in a random week in May, I can get the peakest-of-the-peak weeks.

Looks like a pretty good deal to me---if you absolutely must stay at a Disney resort for Disneyland. I don't think I do, but I'm not one of the True Believers.

Edited to add: My $18.75 doesn't have ToT. With ToT, the two weeks are: $2,881 and $4,795. Still a pretty good deal, TBH.