To be fair, the governor of Florida is verbally making statements about increasing the taxes on WDW and putting tolls on the roads…. So that may increase the cost structure of all DVC owners at FL resorts.
I will gladly bet $10 theoretical internet dollars that it is not sold out by July 1 2025. It will sell like crazy in the first 90 days no doubt. Then what?
Then folks stay on points and get stuck with a bill.
This is getting a lot of laugh emojis but the current value of $2.73 per point per year for 50 years is at least $75, making conservative assumptions about increases, and one could make a compelling case that it’s over $125.
I'd still like to know what the tax is 15% of, exactly. What is their process for valuing the stay and if we can make educated guesses how can that be expected to change over time. We have very few datapoints right now: they're valuing each 2023 point at $18.20 and 2024 about 3% higher than that. We have outputs but not a process.
I was thinking that maybe the starting per point valuation was the actual cost per point as in a 100 pt contract at 112 works out to be about $2.25 a point (5000 Pts) With a 3% annual increase it brings you pretty close to the TOT of $0.51 after 14 years.
The VGC one has increased by 5.5% total since 2020. So about 1.65% per year. Obviously that’s being calculated differently but it’s all we have other than the 2 VDH numbers.
Oh, I was increasing the starting valuation of $2.25 by 3% annually , and then using 15% of that number to reach the TOT cost. The valuation went from $2.25 to $3.40? after 14 years.
Never gonna happen.
That’s the concern. When it’s so unattractive and the resale is even uglier than the original purchase, how do you get rid of it? When it gets to that point I think the loss will make the ToT look like nothing.
The decision to buy VGC resale with the cash i put aside for VDH was a hard one. As soon as the location and balcony issue was announced, I had misgivings about this product. I didn't quite realise how different it would be. Today's news is gobsmacking. However, it's still a good time to snap up VGC resale before others feel disappointed and buy up!!
It will be so fascinating to see how hard this is to grab at 7 months. I’m guessing not so bad if you want a studio (and will take preferred)? But I’m not sure.
Except it can't be booked with cheap (resale) SAPs. It'll be a fascinating scenario to watch unfold over the next several years. I think Disney miscalculated this one, but time will tell. It certainly doesn't help that the "theming" itself has proven to be polarizing and not generally appreciated like the Grand.
