This assumes the health to travel three and four decades after purchase let alone being alive that long after purchase, particularly for those in their 30s or 40s when purchasing.
This. Plus he changed the frequency of travel from every year to multiple times a year and if you have to get on plane each time those presumed savings go out the window.
DVC was a fantastic purchase for my family 25 years ago, but the costs today are more than triple what we paid. Our kids have grown-up going to Disney locations, but now we rent our points since we don't need the same size accommodations any longer. We still have annual passes, but only for my wife and I. We've definitely received our money's worth for the DVC purchase.
Just a quick note. The points per night / week can change from year to year. If they want to change the points for a week , they have to lower the points somewhere else on the chart. Think of it this way. they can move points around the chart anyway they want., but what can’t change is the total point number ( like a spreadsheet all the points in a vertical column also have equal the same number in the horizontal column) I hope this make sense. They usually don’t modify the points charts to much, I have seen them increase because of popularity and holidays. I think is still a good buy if you use it.
Appreciate the added color and enjoyed the math! But you also don't take into consideration potential discounts offered, or your ability to invest that initial $47,000 upfront. The value gets ALOT murkier then, but even so, agreed the value to be had if you ALWAYS stay at a Deluxe Resort and visit multiple times per year (and expect that to continue into the future)...
Thanks for this video and info. Just wondering about the actual cost per point. On your screenshot, you had a loan amount of $47,376 is that the original loan principal? If so, assuming 10% interest a loan calculator shows a payment of $626 per month to payoff in 10 years, and will require additional $580 per month to pay it off in 4 years. That comes to a total payments of $57,800 to pay off the loan in 4 years including the interest. That would make your cost per point around $193/per point.
He said around the 1:20 mark that his cost per point at the time was $156. My wife and I spoke with a DVC rep yesterday and they shared that current point cost $239!
@@thejosharana88 yes, $239 is the current cost per point for Disneyland hotel and $225 for Riviera and Poly, quite expensive. Now, regarding his cost per point, John is doing a simple division of total cost ($47,000) divided by the number of points (300) to get to $156. My point is that he is not taking into account the loan he had to take ($47,000) to pay for the points since he did not pay cash. That is what I am showing in my comment, his true cost per point is close to $193 when taking into account the interest he paid assuming a 10% interest rate on that loan for about 4 years (the time he took to pay the loan off).
I love this super transparent video! Thank you. But, your calcs assume I’m someone who pays for deluxe hotels. I only stay at all-stars since I spend every moment in the parks. I go 2-3 times a year, and split with a friend so I don’t think DVC would be worth it to me. So happy to have seen the prices break down for Dvc, Ive researched it couple times and always felt like they never tell you the true prices
yeah, that's a very good point that I didn't have the foresight to include, if you don't stay at deluxe resorts.....absolutely stay away! Thanks for the comment.
I don’t agree if you go every year, you should get dvc regardless if you stay at a value resort or not. you are essentially getting deluxe for the price of less than a value. Remember you are basicallt locking in a price for a specific timeframe. I bought in 2018 and at my price per point plus the dues I am paying less than what it cost for a value resort at this very moment. At the time, I probably wasn’t because you could get a value resort in 2018 for about $100 a night but now you can’t get a value resort unless it is severely for less than $160-$180 a night. This video also doesn’t take into account discounts as a DVC member you have access to the highest Florida resident only pass which saves an out-of-state pass holder over $400 a person.
@@Successfinder123 Damn you really got a hard on for Disney. The rate is less but you forget you have to pay interest. And if you invested your money in something like the Stock Market or crypto, your profits could more than cover the price difference.
I can’t make any financial sense out of this at all. It’s no wonder people don’t have any money to retire. Just take the 4 year loan payments plus the yearly maintenance fee, invest it in any decent mutual fund and in 50 years you’d be quite wealthy. Then look at that amount of money and see if your Disney vacations were worth it. The video is just trying to rationalize this extravagant purchase. Foolishness.
And what's more, even if you buy the cheaper Sorcerer Pass that DVC members can access, you're still subject to blockout dates. If I just handed Disney 150 grand, you'd best believe I'm walking into those parks any day I want. Total scam of a sales model.
@@Successfinder123 He went into his numbers in this video and came to 147 grand for a 50 year contract. I'll stick to cheap hotels if I go to the parks and spend most of my day there. A fool and their money is soon parted.
Holy ****, I can't imagine spending $50k on that. I'm especially not a fan of all the woke/trans stuff they are introducing, but even with that aside, this contract essentially means that you better only ever go to some Disney resort for vacation. Either that or you vacation all the time which sounds like a very unproductive life. Or it could make sense if you're mega rich, but if you're mega rich, you can afford to just go when you can/want to go. I don't think Disney is worth it. What value do you get out of Disney? It's not educational or beneficial in any truly meaningful way. You are teaching your kids to be infatuated with a company that's slow rolling out the gay/trans agenda and teaching them bad morals + chop your dick off. And if it's a 50 year contract, then you are LOCKED IN, no matter how bad the agenda gets or how bad Disney becomes. At best, it's going to spoil the kids. And that's a lot of money down the drown to spoil your kids. I'd rather go once maybe every 5 or 10 years (if at all) and say, "Hey if this is something you REALLY want to do again, you better get to work fundraising or working a job or making money somehow".
This post is a bit extreme. They’ve moved away from the “woke” stuff TBH and are more focused on family friendly experiences, similar to how it was before 2016-2018. But I do agree that timeshares more broadly are not a good purchase. Even DVC, which is supposedly the “best timeshare you can purchase”, is still bad. You pay for points that you have to use or else they expire. It’s sort of like purchasing constant gift cards to a store you may like a lot. Sure you will use them but maybe you want to try something else, it’s forcing you to stay within its constraints on your travel options. To its credit the Disney brand definitely treats its DVC members much better than Wyndham, Hilton etc… but that doesn’t mean it’s a good deal. I can get last minute stays at Disney Boardwalk Villas and Disney Old Key West for $150-$170/night. And I don’t have to worry about maintenance fees or annual dues. You can even buy Disney points from owners for a given year so that you can use the benefit without having to pay into the membership. Overall no timeshares are a good deal but I love utilizing the service, it’s just better to do it through work arounds, especially if you have a flexible schedule and can do last minute travel.
@@Amanda-zg9pz I'd say the purchase is much more extreme. And the Disney bandwagon is extreme. I went to Disney World a couple years ago because my wife wanted us to take the family there. And I went to Disney Land when I was a kid. My experience as a child was that it was mediocre. My experience as an adult is that it's overpriced. You have to pay $40+ for Mickey Mouse ears that honestly cost much less than $1 to produce. Everything is completely over priced. I'm not sure if you realize how overpriced everything is. You're paying a TON for brand recognition and brand loyalty alone. I live near Boise and we have a very large water park that is just as fun, if not more fun, for a fraction of the price. If you add in airfare, lodging, etc.. then the local option really makes more sense. Perhaps the Disney deal makes more sense if you are a local to the Orlando or L.A. area. But even then, it only makes sense if you have a ton of extra cash on hand. If you have that much money, it makes me question if you really need to be pinching pennies in the first place. But aside from that, a 50 year contract, especially if you have to take out a loan just to pay off where you are paying so much in interest, doesn't make financial sense. If you invested that $50k in the stock market, the dividends would more than pay for the difference in pricing. Overpaying that much and putting yourself in debt simply out of brand loyalty is extremely stupid. Also, Disney is infecting the minds of your children, and it's not to teach them math or history or anything like that. If you really care about your children, I suggest shows like Numberblocks. They do a great job at incorporating educational material with entertainment. But after watching Turning Red, the only thing my daughter learned was to twerk and grind her butt up on people. 90% of the movie is good, but they inject subliminal messaging into everything. What makes you think they are moving away from that?
This assumes the health to travel three and four decades after purchase let alone being alive that long after purchase, particularly for those in their 30s or 40s when purchasing.
This. Plus he changed the frequency of travel from every year to multiple times a year and if you have to get on plane each time those presumed savings go out the window.
@@justinreagan5702 what don’t you get about you can rent out your points?
DVC was a fantastic purchase for my family 25 years ago, but the costs today are more than triple what we paid. Our kids have grown-up going to Disney locations, but now we rent our points since we don't need the same size accommodations any longer. We still have annual passes, but only for my wife and I. We've definitely received our money's worth for the DVC purchase.
$500/night for saratoga vs. $250 for Swan?
that's....a lot.
As a blurred out family member- I can attest that was a fun trip :)
Just a quick note. The points per night / week can change from year to year. If they want to change the points for a week , they have to lower the points somewhere else on the chart. Think of it this way. they can move points around the chart anyway they want., but what can’t change is the total point number ( like a spreadsheet all the points in a vertical column also have equal the same number in the horizontal column) I hope this make sense. They usually don’t modify the points charts to much, I have seen them increase because of popularity and holidays. I think is still a good buy if you use it.
Appreciate the added color and enjoyed the math! But you also don't take into consideration potential discounts offered, or your ability to invest that initial $47,000 upfront. The value gets ALOT murkier then, but even so, agreed the value to be had if you ALWAYS stay at a Deluxe Resort and visit multiple times per year (and expect that to continue into the future)...
50 year contract!?! That's longer than any mortgage by 20 more years! Crazy.
It’s not a mortgage though
Thanks for this video and info. Just wondering about the actual cost per point. On your screenshot, you had a loan amount of $47,376 is that the original loan principal? If so, assuming 10% interest a loan calculator shows a payment of $626 per month to payoff in 10 years, and will require additional $580 per month to pay it off in 4 years. That comes to a total payments of $57,800 to pay off the loan in 4 years including the interest. That would make your cost per point around $193/per point.
He said around the 1:20 mark that his cost per point at the time was $156. My wife and I spoke with a DVC rep yesterday and they shared that current point cost $239!
@@thejosharana88 yes, $239 is the current cost per point for Disneyland hotel and $225 for Riviera and Poly, quite expensive. Now, regarding his cost per point, John is doing a simple division of total cost ($47,000) divided by the number of points (300) to get to $156. My point is that he is not taking into account the loan he had to take ($47,000) to pay for the points since he did not pay cash. That is what I am showing in my comment, his true cost per point is close to $193 when taking into account the interest he paid assuming a 10% interest rate on that loan for about 4 years (the time he took to pay the loan off).
Uses rack rate to ‘assume’ a savings, while ignoring maintenance fees go up. Lol.
3:46 68+139+97=304
His math was off a lot in the video. I wonder if he was in a similar mind state when he made the decision to green-light this contract.
I love this super transparent video! Thank you. But, your calcs assume I’m someone who pays for deluxe hotels. I only stay at all-stars since I spend every moment in the parks. I go 2-3 times a year, and split with a friend so I don’t think DVC would be worth it to me. So happy to have seen the prices break down for Dvc, Ive researched it couple times and always felt like they never tell you the true prices
yeah, that's a very good point that I didn't have the foresight to include, if you don't stay at deluxe resorts.....absolutely stay away! Thanks for the comment.
I don’t agree if you go every year, you should get dvc regardless if you stay at a value resort or not. you are essentially getting deluxe for the price of less than a value. Remember you are basicallt locking in a price for a specific timeframe. I bought in 2018 and at my price per point plus the dues I am paying less than what it cost for a value resort at this very moment. At the time, I probably wasn’t because you could get a value resort in 2018 for about $100 a night but now you can’t get a value resort unless it is severely for less than $160-$180 a night. This video also doesn’t take into account discounts as a DVC member you have access to the highest Florida resident only pass which saves an out-of-state pass holder over $400 a person.
@@Successfinder123 Damn you really got a hard on for Disney. The rate is less but you forget you have to pay interest. And if you invested your money in something like the Stock Market or crypto, your profits could more than cover the price difference.
I can’t make any financial sense out of this at all. It’s no wonder people don’t have any money to retire. Just take the 4 year loan payments plus the yearly maintenance fee, invest it in any decent mutual fund and in 50 years you’d be quite wealthy. Then look at that amount of money and see if your Disney vacations were worth it.
The video is just trying to rationalize this extravagant purchase. Foolishness.
100%
You still have to pay for the park tickets haha
@@the_traveling_texan you have to pay for park tickets regardless.
And what's more, even if you buy the cheaper Sorcerer Pass that DVC members can access, you're still subject to blockout dates. If I just handed Disney 150 grand, you'd best believe I'm walking into those parks any day I want.
Total scam of a sales model.
@@Lancun who’s giving Disney $150 grand? You clealy don’t know how anything at Disney works.
@@Successfinder123 He went into his numbers in this video and came to 147 grand for a 50 year contract. I'll stick to cheap hotels if I go to the parks and spend most of my day there. A fool and their money is soon parted.
Great point. Park tickets are one of the perks that initially were offered with a DVC purchase, so losing that perk was like adding more dues.
A sucker is born every minute.
@@richardwallerstein539the fees aren't even locked in. They increase every year.
don’t hate on dr stanton!! he’s the best 💔
Holy ****, I can't imagine spending $50k on that. I'm especially not a fan of all the woke/trans stuff they are introducing, but even with that aside, this contract essentially means that you better only ever go to some Disney resort for vacation. Either that or you vacation all the time which sounds like a very unproductive life. Or it could make sense if you're mega rich, but if you're mega rich, you can afford to just go when you can/want to go. I don't think Disney is worth it. What value do you get out of Disney? It's not educational or beneficial in any truly meaningful way. You are teaching your kids to be infatuated with a company that's slow rolling out the gay/trans agenda and teaching them bad morals + chop your dick off. And if it's a 50 year contract, then you are LOCKED IN, no matter how bad the agenda gets or how bad Disney becomes. At best, it's going to spoil the kids. And that's a lot of money down the drown to spoil your kids. I'd rather go once maybe every 5 or 10 years (if at all) and say, "Hey if this is something you REALLY want to do again, you better get to work fundraising or working a job or making money somehow".
Glad you got that off your chest? LOL
This post is a bit extreme. They’ve moved away from the “woke” stuff TBH and are more focused on family friendly experiences, similar to how it was before 2016-2018. But I do agree that timeshares more broadly are not a good purchase. Even DVC, which is supposedly the “best timeshare you can purchase”, is still bad. You pay for points that you have to use or else they expire. It’s sort of like purchasing constant gift cards to a store you may like a lot. Sure you will use them but maybe you want to try something else, it’s forcing you to stay within its constraints on your travel options. To its credit the Disney brand definitely treats its DVC members much better than Wyndham, Hilton etc… but that doesn’t mean it’s a good deal. I can get last minute stays at Disney Boardwalk Villas and Disney Old Key West for $150-$170/night. And I don’t have to worry about maintenance fees or annual dues. You can even buy Disney points from owners for a given year so that you can use the benefit without having to pay into the membership. Overall no timeshares are a good deal but I love utilizing the service, it’s just better to do it through work arounds, especially if you have a flexible schedule and can do last minute travel.
@@OxygenBeats imagine being this stupid.
@@BaileyIsAwakeYT Their user name is misleading. I don't think they're getting enough oxygen.
@@Amanda-zg9pz I'd say the purchase is much more extreme. And the Disney bandwagon is extreme. I went to Disney World a couple years ago because my wife wanted us to take the family there. And I went to Disney Land when I was a kid. My experience as a child was that it was mediocre. My experience as an adult is that it's overpriced. You have to pay $40+ for Mickey Mouse ears that honestly cost much less than $1 to produce. Everything is completely over priced. I'm not sure if you realize how overpriced everything is. You're paying a TON for brand recognition and brand loyalty alone. I live near Boise and we have a very large water park that is just as fun, if not more fun, for a fraction of the price. If you add in airfare, lodging, etc.. then the local option really makes more sense. Perhaps the Disney deal makes more sense if you are a local to the Orlando or L.A. area. But even then, it only makes sense if you have a ton of extra cash on hand. If you have that much money, it makes me question if you really need to be pinching pennies in the first place. But aside from that, a 50 year contract, especially if you have to take out a loan just to pay off where you are paying so much in interest, doesn't make financial sense. If you invested that $50k in the stock market, the dividends would more than pay for the difference in pricing. Overpaying that much and putting yourself in debt simply out of brand loyalty is extremely stupid. Also, Disney is infecting the minds of your children, and it's not to teach them math or history or anything like that. If you really care about your children, I suggest shows like Numberblocks. They do a great job at incorporating educational material with entertainment. But after watching Turning Red, the only thing my daughter learned was to twerk and grind her butt up on people. 90% of the movie is good, but they inject subliminal messaging into everything. What makes you think they are moving away from that?