1 00:00:00,480 --> 00:00:02,680 I'd just like to start this show with a shout out to all the 2 00:00:02,680 --> 00:00:04,760 audio podcast listeners out there. 3 00:00:04,920 --> 00:00:07,680 We apologize if there's echoes in our in our shows. 4 00:00:08,039 --> 00:00:10,000 It's amateur hour here. We we don't really know what 5 00:00:10,000 --> 00:00:14,480 we're doing most days, just kind of winging it and seeing what 6 00:00:14,480 --> 00:00:17,440 happens. But most of our equipment I feel 7 00:00:17,440 --> 00:00:20,560 like has not been reset back up the way we had since we moved. 8 00:00:20,560 --> 00:00:22,480 And we're getting ready to move it downstairs. 9 00:00:22,480 --> 00:00:24,840 So sorry about that. You will not always see this 10 00:00:24,840 --> 00:00:26,520 background. It will actually look a lot 11 00:00:26,520 --> 00:00:29,080 prettier very soon. Amy bought some lovely chairs. 12 00:00:29,080 --> 00:00:31,800 I bought some IKEA furniture that I have to put together and 13 00:00:31,800 --> 00:00:34,920 there's even ATV involved. Jeff, I'm going to need you to 14 00:00:34,920 --> 00:00:37,880 come hang that. Let me know when I'm good at 15 00:00:37,880 --> 00:00:39,280 IKEA furniture too. So you. 16 00:00:39,440 --> 00:00:42,520 Let me oh are the ceiling. Fans still up that Jeff put up. 17 00:00:42,920 --> 00:00:46,880 They are the ceiling fans are still up a couple of them no 18 00:00:46,880 --> 00:00:49,760 matter what you do, do not turn off. 19 00:00:50,720 --> 00:00:54,560 They just they just keep going. So if you're in the. 20 00:00:55,680 --> 00:00:57,280 Jeff said you had some ever spinners. 21 00:00:57,480 --> 00:00:59,120 Those are the ever spinners. They just continue. 22 00:00:59,400 --> 00:01:02,360 Yeah, if you're if you're in the Orlando, FL area and you need a 23 00:01:02,360 --> 00:01:04,760 ceiling fan install, reach out to Jeff Haslam. 24 00:01:04,800 --> 00:01:08,320 He'll make it run forever. Never spinner. 25 00:01:17,050 --> 00:01:19,850 Hey everybody, and welcome to this week's episode of The DVC 26 00:01:19,850 --> 00:01:21,690 Show. I'm your host, Paul Krieger, 27 00:01:21,690 --> 00:01:24,530 joined as always by my lovely wife, Amy Krieger. 28 00:01:24,530 --> 00:01:28,370 Hello, we've got John Sicari AKA Big Fat Panda in the house. 29 00:01:28,850 --> 00:01:34,970 Welcome home everyone. The one the only Jeff Haslam and 30 00:01:34,970 --> 00:01:39,530 senior sales associate for the DC resale market, Derek Deborn. 31 00:01:40,080 --> 00:01:42,440 Hey now, so I'm sitting here waiting because then I come 32 00:01:42,440 --> 00:01:45,320 after Panda, and then I realized after the last show and my 33 00:01:45,320 --> 00:01:47,320 props, you're probably like, I'm just going to go to Jeff first. 34 00:01:47,320 --> 00:01:48,040 What's? Fun. 35 00:01:49,360 --> 00:01:52,240 I feel like I just need to yeah, I need to just change the order 36 00:01:52,240 --> 00:01:55,800 of buttons that I have here and and move him before you because 37 00:01:55,800 --> 00:01:58,560 I just never know what's going to happen and I always I I feel 38 00:01:58,560 --> 00:02:01,680 bad for Jeff some days because I don't know what just happened, 39 00:02:02,480 --> 00:02:04,200 but never. Felt mad for me. 40 00:02:04,560 --> 00:02:07,600 And I just want to say how cute you 2 are with your matching zip 41 00:02:07,600 --> 00:02:10,600 up, zip up sweatshirts here in this episode. 42 00:02:10,600 --> 00:02:16,520 So yeah, it is absolutely beautiful and audio listeners 43 00:02:16,520 --> 00:02:20,680 will never get to see that. But actually so many of you 44 00:02:20,680 --> 00:02:23,280 watch this on YouTube and I absolutely love you. 45 00:02:24,120 --> 00:02:27,040 It would be great if just for like 1 episode you went over to 46 00:02:27,040 --> 00:02:28,720 Spotify and watched this there too. 47 00:02:28,880 --> 00:02:31,120 I'm just saying, you know, if you just want to change it up, 48 00:02:31,120 --> 00:02:33,880 maybe just listen to us. That works as well. 49 00:02:34,360 --> 00:02:36,880 And we could, we could bump those numbers up a little bit. 50 00:02:37,040 --> 00:02:39,280 Just shameless plug. Yeah. 51 00:02:39,440 --> 00:02:42,040 There's a level that you were trying to get to. 52 00:02:42,360 --> 00:02:44,280 Yeah. So which we're not there. 53 00:02:45,120 --> 00:02:46,680 We're not there yet. On the Spotify. 54 00:02:46,760 --> 00:02:49,760 We'll be there one day. Tell your tell your parents 55 00:02:49,760 --> 00:02:50,960 about us. Tell everyone. 56 00:02:50,960 --> 00:02:52,200 Hi, Mom. How are you? 57 00:02:52,760 --> 00:02:53,720 Listen to us. You. 58 00:02:54,480 --> 00:02:56,880 If it's Spotify, you should be telling your kids about us. 59 00:02:56,880 --> 00:02:58,360 The parents aren't going to know what that is. 60 00:02:59,280 --> 00:03:02,400 Well, welcome to this week's episode of the DVC Show Getting 61 00:03:02,400 --> 00:03:05,120 Away. Back on, back on track, back on 62 00:03:05,120 --> 00:03:08,560 topic. We are talking more of our kind 63 00:03:08,560 --> 00:03:11,840 of back to basic series that we are running with this year and 64 00:03:11,840 --> 00:03:16,120 we thought it would be important to dive into what expiration 65 00:03:16,120 --> 00:03:19,200 dates are when it comes to Disney Vacation Club. 66 00:03:20,080 --> 00:03:24,040 Every single Disney Vacation Club resort has an expiration 67 00:03:24,040 --> 00:03:26,200 date. All of your deeds that you have 68 00:03:26,200 --> 00:03:29,200 for the specific resorts state this expiration date. 69 00:03:29,200 --> 00:03:31,520 And so it's important to understand what this means to 70 00:03:31,520 --> 00:03:34,800 members, what it means for the future of Disney Vacation Club, 71 00:03:34,880 --> 00:03:38,760 and if you're a first time buyer, kind of how to plan for 72 00:03:38,760 --> 00:03:41,320 that. This and all of our Disney 73 00:03:41,320 --> 00:03:44,680 Vacation Club content is always brought to you by the world of 74 00:03:44,680 --> 00:03:49,000 DVCDVC resale market. If you're looking to buy or sell 75 00:03:49,000 --> 00:03:53,280 a Disney Vacation Club contract, Monera Financial who can help 76 00:03:53,280 --> 00:03:57,600 with financing that DVC resale contract purchase and the DVC 77 00:03:57,600 --> 00:04:00,840 Rental Store where you can try before you buy, rent out some 78 00:04:00,840 --> 00:04:04,800 points or rent your own points for some cash. 79 00:04:05,040 --> 00:04:07,400 And a quick note related to the world of DVC. 80 00:04:07,400 --> 00:04:09,800 You may have seen it on the Internet, you may have seen it 81 00:04:10,000 --> 00:04:15,160 on social media, but the world of DVC is now under a broader 82 00:04:15,160 --> 00:04:17,959 umbrella called Key Holder Vacations. 83 00:04:18,240 --> 00:04:21,640 What does this mean to you as someone that listens to us on 84 00:04:21,640 --> 00:04:24,640 the DVC Fan show? Absolutely nothing. 85 00:04:24,640 --> 00:04:27,480 For the most part, Key Holder Vacations is just going to 86 00:04:27,480 --> 00:04:33,720 provide us with a wider range of abilities to meet the needs of 87 00:04:33,760 --> 00:04:37,200 travel far and beyond. Disney Vacation Club. 88 00:04:37,240 --> 00:04:39,840 We've talked about it in a couple different shows recently. 89 00:04:39,840 --> 00:04:42,760 You know, we now are doing some Royal Caribbean cruise swaps. 90 00:04:43,000 --> 00:04:46,360 So you may see kind of our brands starting to expand 91 00:04:46,360 --> 00:04:48,960 outwards from the Disney bubble a little bit. 92 00:04:49,040 --> 00:04:52,000 And that is why the decision has been made to have this 93 00:04:52,000 --> 00:04:55,640 overarching brand, Key Holder Vacations kind of be our parent 94 00:04:55,640 --> 00:04:59,560 company moving forward. But world of DVC still exists. 95 00:04:59,840 --> 00:05:04,040 DVC resale market still exists. This whole motley crew still 96 00:05:04,040 --> 00:05:07,280 exists and nothing else will change. 97 00:05:07,280 --> 00:05:11,120 So if you do see that name out there, that is us. 98 00:05:11,400 --> 00:05:14,440 But for the for the most part, you won't really notice any 99 00:05:14,440 --> 00:05:17,520 difference in what we're going to talk to you about because we 100 00:05:17,520 --> 00:05:21,640 are here to talk all things DDC or else Derek wouldn't be here. 101 00:05:22,520 --> 00:05:24,720 No, I. Notice how fast he took off his 102 00:05:24,720 --> 00:05:26,480 glasses just then? Like he's worried that people 103 00:05:26,480 --> 00:05:28,160 are going to know that that's his alter ego. 104 00:05:29,760 --> 00:05:32,200 I noticed. Because every time. 105 00:05:32,200 --> 00:05:36,080 Wait, was that? Clark Kent Paul always has to 106 00:05:36,080 --> 00:05:39,600 say something like, oh, there he goes, there goes senior sales 107 00:05:39,600 --> 00:05:45,120 agent reaching. It's just too funny because not 108 00:05:45,120 --> 00:05:47,400 the rest of the world doesn't get to see what I see in 109 00:05:47,400 --> 00:05:50,040 between. Like if I, if I send the camera 110 00:05:50,040 --> 00:05:52,800 over to Panda, I get to see the rest of you. 111 00:05:52,800 --> 00:05:56,000 And, and you know, Jeff's taking a drink of water or something 112 00:05:56,040 --> 00:06:00,520 while while Panda's talking, Derek is doing exactly what he's 113 00:06:00,520 --> 00:06:04,800 doing now, fixing his hair or he's like trying to read some 114 00:06:04,800 --> 00:06:06,840 piece of paper or the computer screen. 115 00:06:07,040 --> 00:06:09,840 And, and if he does both at the same time, yes, he gets really 116 00:06:09,840 --> 00:06:11,840 close. He gets really close to the 117 00:06:11,840 --> 00:06:14,720 screen and he's trying to read the computer and it's. 118 00:06:15,120 --> 00:06:17,400 It makes my night because I get. Serious. 119 00:06:17,400 --> 00:06:20,000 That is information that is going to come back to haunt you. 120 00:06:21,240 --> 00:06:24,360 Yeah, I have AI have a little window down here on my on my 121 00:06:24,360 --> 00:06:25,680 screen. So I have. 122 00:06:25,920 --> 00:06:27,480 Surprises for you? Yeah. 123 00:06:28,600 --> 00:06:30,440 Do you guys see us? Do we disappear? 124 00:06:30,600 --> 00:06:31,400 No. Yeah. 125 00:06:32,000 --> 00:06:34,200 But Jeff, you could just press a button and you're on, so be 126 00:06:34,200 --> 00:06:35,680 careful with your little surprises. 127 00:06:37,000 --> 00:06:39,240 When somebody's full screen, we don't see anybody else. 128 00:06:41,560 --> 00:06:45,400 Well, we are talking about. Deed, please don't upset the 129 00:06:45,400 --> 00:06:48,880 folks at Key Holder Vacations. Let's talk about let's move on. 130 00:06:49,240 --> 00:06:52,640 Move on. Yeah, I really don't know where 131 00:06:52,640 --> 00:06:55,800 to go from here now. So there you have it. 132 00:06:56,160 --> 00:07:00,240 We are talking deed expiration dates tonight and I think I kind 133 00:07:00,240 --> 00:07:03,080 of kicked this off by kind of saying what is a de expiration 134 00:07:03,080 --> 00:07:05,440 date and it's pretty self-explanatory. 135 00:07:05,440 --> 00:07:09,800 So comparing us to other timeshare or I say us like we 136 00:07:09,800 --> 00:07:12,120 are Disney vacate. Well essentially we are we are 137 00:07:12,120 --> 00:07:14,960 the mayors of Disney Vacation Club just like Jeff is the mayor 138 00:07:14,960 --> 00:07:18,880 of Olkey West. But when it comes to Disney 139 00:07:18,880 --> 00:07:24,280 Vacation Club, unlike other time shares that basically are in 140 00:07:24,280 --> 00:07:29,040 perpetuity, I guess forever, you basically buy in and you've got 141 00:07:29,040 --> 00:07:31,560 this thing and your kids have this thing and then your 142 00:07:31,560 --> 00:07:34,160 grandkids have it and they don't want it and they don't know what 143 00:07:34,160 --> 00:07:35,920 to do with it. And then they have to hire 144 00:07:35,920 --> 00:07:37,520 someone and pay them to get rid of it. 145 00:07:37,880 --> 00:07:40,480 Unlike all of that, Disney Vacation Club actually came up 146 00:07:40,480 --> 00:07:42,960 with a pretty ingenious model where it's like, we're only 147 00:07:42,960 --> 00:07:45,480 going to give it to you for about 50 years, and then at the 148 00:07:45,480 --> 00:07:47,760 end of that 50 years, we're going to take it back and you 149 00:07:47,760 --> 00:07:50,280 own nothing. I don't want it to sound that 150 00:07:50,280 --> 00:07:53,520 bleak because it's pretty awesome and the value you get 151 00:07:53,520 --> 00:07:58,080 out of those 50 years is great. But every single resort does 152 00:07:58,120 --> 00:08:01,600 have an expiration date. And if you are wondering what 153 00:08:01,600 --> 00:08:05,160 those are on the screen right now, for those of you watching 154 00:08:05,160 --> 00:08:08,840 on YouTube, you can actually see a list of all of these resorts. 155 00:08:09,000 --> 00:08:13,240 So a handful of resorts all expire in 2042. 156 00:08:13,240 --> 00:08:16,480 That is the actual the the closest expiration date to 157 00:08:16,480 --> 00:08:17,880 today. So that's like Beach Club, 158 00:08:17,880 --> 00:08:21,720 Boardwalk, Boulder Ridge. You also have Hilton Head, Vero 159 00:08:21,720 --> 00:08:25,000 Beach to throw into that. Just kind of going down the list 160 00:08:25,000 --> 00:08:29,480 here, though, You've got Animal Kingdom 2057, Aulani 2062, Bay 161 00:08:29,480 --> 00:08:33,360 Lake 2060 Board Board. We'd already discussed 162 00:08:33,360 --> 00:08:36,840 Boardwalk, Boulder Ridge. Those are 2042 resorts the most. 163 00:08:37,159 --> 00:08:40,120 The newest Disney Vacation Club property, cabins at Disney's 164 00:08:40,120 --> 00:08:43,360 Fort Wilderness. Not until 2075. 165 00:08:43,960 --> 00:08:47,080 Someone will still be here talking about Disney Vacation 166 00:08:47,080 --> 00:08:50,440 Club in 2070. I'll be pushing 90, yeah. 167 00:08:51,080 --> 00:08:52,920 I'm not sure that we'll still be doing this show. 168 00:08:53,640 --> 00:08:57,400 I'm just saying, you know, I love, I love the Internet and 169 00:08:57,400 --> 00:09:01,160 all, but I don't know that I'll know what Disney Vacation Club 170 00:09:01,160 --> 00:09:03,960 is by 2075. Amy will be like. 171 00:09:04,280 --> 00:09:10,760 I hope Red Baron, Peach says. But every single resort does 172 00:09:10,760 --> 00:09:13,040 have that finite expiration date. 173 00:09:13,440 --> 00:09:17,120 And that's an important thing to consider when it comes to kind 174 00:09:17,120 --> 00:09:19,360 of what property you are looking to buy. 175 00:09:19,360 --> 00:09:22,080 Derek, I assume that, you know, this is a conversation that 176 00:09:22,080 --> 00:09:25,160 comes up sometimes when people are looking at A at a specific 177 00:09:25,160 --> 00:09:28,120 resort or specific property and, and you know, how many years 178 00:09:28,120 --> 00:09:30,560 there might be. Yeah, especially, you know, a 179 00:09:30,560 --> 00:09:33,760 lot of people at first as they're learning about the club, 180 00:09:34,240 --> 00:09:36,880 that's a big question because a lot of people, their first 181 00:09:36,880 --> 00:09:39,680 question, you know, maybe to me or one of the agents here is 182 00:09:39,680 --> 00:09:43,040 always so which, which resort has the longest deep? 183 00:09:43,600 --> 00:09:46,560 And I have to explain. OK, so are you familiar with the 184 00:09:46,560 --> 00:09:48,160 club, you know, and how it all works? 185 00:09:48,320 --> 00:09:51,400 No, but I just want the one that that's got the most years 186 00:09:51,400 --> 00:09:53,560 because I want to be able to pass it on to my kids and I want 187 00:09:53,560 --> 00:09:55,120 to be able to pass it on to my grandkids. 188 00:09:55,400 --> 00:09:57,440 So we're of course happy to run through all that. 189 00:09:57,440 --> 00:10:00,120 But what we want to stress, though, is that, you know, I 190 00:10:00,160 --> 00:10:02,200 guess while that's the important, how many years are 191 00:10:02,200 --> 00:10:05,680 left, what's more important is why are you buying that resort, 192 00:10:05,800 --> 00:10:07,440 right? Because it all comes down to 193 00:10:07,440 --> 00:10:09,480 that, you know, the one you buy, you have that home resort 194 00:10:09,480 --> 00:10:12,920 priority. And not all resorts are created 195 00:10:12,920 --> 00:10:16,760 equal, meaning not all resorts are easy to get into if you do 196 00:10:16,760 --> 00:10:19,720 not own them. So there's some resorts, say 197 00:10:19,720 --> 00:10:23,040 Boardwalk Beach Club in particular, you know, Grand 198 00:10:23,040 --> 00:10:26,840 Californian, Grand Floridian, sometimes during certain times 199 00:10:26,840 --> 00:10:29,040 of the year, those are, you know, may not be the easiest 200 00:10:29,040 --> 00:10:32,320 resorts to get into. So it comes back down to it 201 00:10:32,320 --> 00:10:34,040 like, Hey, listen, how do you vacation? 202 00:10:34,040 --> 00:10:37,840 Do you have a favorite resort? You know, if so, regardless of 203 00:10:37,840 --> 00:10:39,640 quote, UN quote, how many years are left? 204 00:10:39,920 --> 00:10:42,960 If you love the beach club, right, But you're going to buy 205 00:10:42,960 --> 00:10:45,880 something, you know, the the cabins at Fort Wilderness 206 00:10:45,880 --> 00:10:48,120 because you want to be able to use it at the beach club. 207 00:10:48,600 --> 00:10:51,160 You're probably going to be maybe disappointed for the next, 208 00:10:51,160 --> 00:10:53,760 you know, almost 20 years because you may not be able to 209 00:10:53,760 --> 00:10:56,120 get in to the resort that you want. 210 00:10:56,120 --> 00:10:58,960 So I think even more important is, you know, not only how many 211 00:10:58,960 --> 00:11:02,080 years are left, but how do you plan on using it? 212 00:11:02,080 --> 00:11:06,040 Because if you love the beach club, every day I have people 213 00:11:06,040 --> 00:11:09,760 that buy the beach club and they say, I know it's 2042, but you 214 00:11:09,760 --> 00:11:12,920 know what, I don't want to be bummed out at seven months for 215 00:11:12,920 --> 00:11:16,120 the next 1819 years. I want to be able to know that I 216 00:11:16,120 --> 00:11:18,040 can get into the resort that I love. 217 00:11:18,280 --> 00:11:21,320 So I'm not disappointed. So I don't care about how many 218 00:11:21,320 --> 00:11:23,560 years are left. So again, that's where people 219 00:11:23,560 --> 00:11:26,320 see, again, people see value in different ways. 220 00:11:26,320 --> 00:11:28,920 Some people it's price per point, some people it's annual 221 00:11:28,920 --> 00:11:31,320 dues. And this conversation is people 222 00:11:31,320 --> 00:11:33,600 that find value. And I want to have the resort 223 00:11:33,600 --> 00:11:35,760 that has the longest deed no matter what. 224 00:11:36,280 --> 00:11:39,120 Amy, you mentioned that in up in a recent Q&A show that we 225 00:11:39,120 --> 00:11:41,880 actually did regarding our boardwalk contract. 226 00:11:43,000 --> 00:11:45,400 Yeah, I mean, I agree completely with what Derek said. 227 00:11:45,400 --> 00:11:49,600 You know, I would rather be happy for the next what what we 228 00:11:49,600 --> 00:11:54,560 got now like 18 years and knowing I'm going to get to be, 229 00:11:54,560 --> 00:11:56,120 you know, exactly where I want to be. 230 00:11:56,120 --> 00:12:00,640 Then having to kind of stress out, you know, especially if 231 00:12:00,640 --> 00:12:04,440 you, you know, we, we talked about the, the planner and the 232 00:12:04,560 --> 00:12:08,160 people that have specific ones and specific needs and specific 233 00:12:08,160 --> 00:12:09,640 dates. You know, if you know, you want 234 00:12:09,640 --> 00:12:12,280 to be staying at the boardwalk during the food and wine 235 00:12:12,280 --> 00:12:16,560 festival, you know, in October, then you definitely want to make 236 00:12:16,560 --> 00:12:19,440 sure that you have the resort. And a lot of people will buy 237 00:12:19,440 --> 00:12:23,800 Vera Beach, you know, because they love, they want to be able 238 00:12:23,800 --> 00:12:27,360 to go during those difficult to get during the summer or they 239 00:12:27,360 --> 00:12:30,360 want the three bedroom beach cottages because you really 240 00:12:30,360 --> 00:12:33,520 can't get those 3 bedrooms at Vero Beach unless you own there, 241 00:12:33,800 --> 00:12:34,920 you know. So if that's what's going to 242 00:12:34,920 --> 00:12:37,320 make you happy, then that's that's worth it because at the 243 00:12:37,320 --> 00:12:41,120 end of the day, DVC is just as much an emotional purchase, you 244 00:12:41,120 --> 00:12:45,800 know, as it is a financial one. Panda Jeff was was kind of 245 00:12:45,800 --> 00:12:48,240 expiration date ever a consideration for you guys when 246 00:12:48,240 --> 00:12:50,000 you actually bought into Disney Vacation Club? 247 00:12:50,920 --> 00:12:52,800 I won't. I will tell you, I'm not even 248 00:12:52,800 --> 00:12:54,360 sure I was aware of it at the time. 249 00:12:54,400 --> 00:12:56,840 I mean, I was because of the shows, but I don't think I 250 00:12:56,840 --> 00:12:58,440 thought of it as I was purchasing. 251 00:12:58,440 --> 00:13:00,600 No, no. But there is something to be 252 00:13:00,600 --> 00:13:02,440 said where they're at some point, like let's say you really 253 00:13:02,440 --> 00:13:05,240 want old Key West. At some point there's going to 254 00:13:05,240 --> 00:13:09,240 be a thing where do I do this that cancels in 2042 or take 255 00:13:09,240 --> 00:13:11,840 something else that cancels, you know, 20 years later. 256 00:13:12,560 --> 00:13:13,400 Yeah. That's it. 257 00:13:13,400 --> 00:13:16,440 That's an argument. If you missed the first episode 258 00:13:16,440 --> 00:13:19,960 of this kind of back to basic series, we talked about all 259 00:13:19,960 --> 00:13:23,720 things Disney Vacation Club and Jeff, you mentioned on that show 260 00:13:23,720 --> 00:13:26,080 how you know you specifically bought into Old Key West because 261 00:13:26,080 --> 00:13:27,960 it was the best value for you at the time. 262 00:13:27,960 --> 00:13:31,360 So does that kind of answer that you know, was was deed 263 00:13:31,360 --> 00:13:34,640 expiration a factor in that? Component. 264 00:13:34,840 --> 00:13:38,400 It wasn't at the time and Old Key West is weird because it's 265 00:13:38,400 --> 00:13:40,640 got 2 expirations, which I'm sure we're going to get into, 266 00:13:40,640 --> 00:13:44,240 but it wasn't at the time. I wanted the best value for the 267 00:13:44,240 --> 00:13:46,160 dollar. At that time, the dues were low. 268 00:13:47,360 --> 00:13:52,680 I had an extended contract. However, it's been 3, almost 269 00:13:52,680 --> 00:13:57,520 four years now since I bought those contracts and the 12042 270 00:13:57,680 --> 00:14:03,560 that I had left, I just sold because I'm starting to think 271 00:14:03,560 --> 00:14:07,960 down the road a little further and I'm thinking I I don't want 272 00:14:07,960 --> 00:14:09,840 everything that I own to be 2042. 273 00:14:09,840 --> 00:14:13,000 I don't want to suddenly be out of points in 18 years. 274 00:14:13,000 --> 00:14:18,760 I hope to not yet be dead and I'll be in my 60s, but I'm I'm 275 00:14:18,960 --> 00:14:22,000 purposely offloading that contract for that very reason. 276 00:14:22,000 --> 00:14:24,000 I want something that's got a little further out. 277 00:14:24,000 --> 00:14:25,760 So did it come into play at the time? 278 00:14:25,760 --> 00:14:27,120 No. Is it a factor now? 279 00:14:27,200 --> 00:14:29,840 A little bit. So yeah, let's let's dive into 280 00:14:29,840 --> 00:14:33,080 that a little bit. So 2042, that is the first year 281 00:14:33,080 --> 00:14:36,920 in which multiple Disney Vacation Club properties are 282 00:14:36,920 --> 00:14:40,120 going to expire. So we've got the original Old 283 00:14:40,120 --> 00:14:42,840 Key West owners. Those contracts will expire. 284 00:14:43,240 --> 00:14:46,360 We'll put an asterisk next to that and we'll get back to that 285 00:14:46,360 --> 00:14:48,440 as to what that means fully in a little bit. 286 00:14:48,680 --> 00:14:53,200 But Old Key West, Boardwalk Beach Club, Boulder Ridge, Vero 287 00:14:53,200 --> 00:15:00,080 Beach, Hilton Head, that's six out of the current 17 resorts. 288 00:15:01,120 --> 00:15:04,600 So that is a large component of Disney Vacation Club properties 289 00:15:05,120 --> 00:15:10,800 all planning to expire in 2042. And I actually write a, you 290 00:15:10,800 --> 00:15:12,960 know, a blog monthly for DVC resale market. 291 00:15:12,960 --> 00:15:15,880 It's the average price blog. So it monitors kind of the 292 00:15:15,880 --> 00:15:19,160 average price of contracts sold. And right before we actually 293 00:15:19,160 --> 00:15:21,080 started this show, I was talking to Derek about it because I 294 00:15:21,080 --> 00:15:24,040 actually just wrote the December 2024 one. 295 00:15:24,120 --> 00:15:27,760 And one of the insights that I kind of came up with on that was 296 00:15:28,440 --> 00:15:32,440 I think we're starting to see volatility in 2042. 297 00:15:33,000 --> 00:15:37,760 I don't want to say that it's decreasing or declining yet, but 298 00:15:37,800 --> 00:15:40,600 it's kind of like a wave that doesn't know which direction it 299 00:15:40,600 --> 00:15:43,360 should go in right now. So we see kind of months in 300 00:15:43,360 --> 00:15:45,480 which some of these resorts trend back up. 301 00:15:45,720 --> 00:15:48,440 We see months in which some of these resorts trend back down. 302 00:15:48,440 --> 00:15:51,320 On the whole, it's kind of followed the rest of the market, 303 00:15:51,320 --> 00:15:53,880 which I think over the past two years has kind of declined in 304 00:15:53,880 --> 00:15:56,120 value. But Derek, have you have you 305 00:15:56,120 --> 00:15:59,240 kind of seen kind of a similar trend with 2042 resorts or do 306 00:15:59,240 --> 00:16:02,440 you have maybe an influx of sellers reaching out to you that 307 00:16:02,440 --> 00:16:05,240 are, you know, having this conversation? 308 00:16:06,120 --> 00:16:09,240 Yeah, it it does kind of seem that lately, you know, I'm 309 00:16:09,360 --> 00:16:12,240 talking to more and more sellers who when they look to sell and I 310 00:16:12,240 --> 00:16:13,960 ask, you know, hey, So what do you own? 311 00:16:14,280 --> 00:16:17,240 A lot of times it is that Hey, Vero Beach, I seem to be getting 312 00:16:17,240 --> 00:16:20,240 a little bit more. We at the DVC resale market, I 313 00:16:20,240 --> 00:16:22,480 seem to be getting a lot of Vero lately. 314 00:16:23,160 --> 00:16:26,560 Some beach clubs which are again Beach Club and Boardwalk, those 315 00:16:26,560 --> 00:16:29,680 I think honestly will always remain popular no matter what. 316 00:16:29,680 --> 00:16:33,280 We just listed, for example, 100 Point Beach Club the other day, 317 00:16:33,440 --> 00:16:36,440 within six hours, I think it had five different offers on it. 318 00:16:36,680 --> 00:16:39,640 So again, for folks for those resorts, whereas something like, 319 00:16:39,800 --> 00:16:43,080 again, a Bureau might tend to maybe sit for a little bit 320 00:16:43,080 --> 00:16:45,960 longer because again, people initially when they look at some 321 00:16:45,960 --> 00:16:48,600 of these and maybe they're not 100% familiar with the club, 322 00:16:48,600 --> 00:16:50,800 they're like, hey, so wait a second. 323 00:16:50,840 --> 00:16:54,200 I could buy points at Bureau Beach at like 50 bucks a point 324 00:16:54,200 --> 00:16:55,920 and I could use them to go stay at the beach club. 325 00:16:55,920 --> 00:16:59,280 And you're always like, I mean, technically, yeah, you can. 326 00:16:59,440 --> 00:17:02,760 But let me break it out of view and what that means if you buy 327 00:17:02,800 --> 00:17:05,200 Bureau and then you do walk through it because I want to 328 00:17:05,200 --> 00:17:06,800 make sure that everybody's completely there. 329 00:17:06,800 --> 00:17:10,000 You got 2042, you got the highest annual dues, and you 330 00:17:10,000 --> 00:17:12,960 can't book a Walt Disney World resort until seven months out. 331 00:17:13,040 --> 00:17:15,040 So that's where folks go. Oh, OK. 332 00:17:15,880 --> 00:17:17,760 Yeah. So for us, it seems to be, you 333 00:17:17,760 --> 00:17:20,119 know, the ones that, you know, honestly, we sell everything, 334 00:17:20,319 --> 00:17:22,920 but the ones that tend to maybe sit a little bit longer than 335 00:17:22,920 --> 00:17:26,000 average because 80% of them will sell within, you know, 30 days 336 00:17:26,000 --> 00:17:28,640 or less. Are the Veros, the Hilton heads, 337 00:17:28,680 --> 00:17:31,920 you know, for obvious reasons. It's, you know, 2042 does play a 338 00:17:31,920 --> 00:17:35,760 part, but it's also there off property, you know, so they're 339 00:17:35,760 --> 00:17:39,160 not at Walt Disney World. So it I'm honest with people, 340 00:17:39,160 --> 00:17:41,080 I'm like, listen, where are you going to use it? 341 00:17:41,320 --> 00:17:43,000 Well, I just want to use it for Walt Disney World. 342 00:17:43,000 --> 00:17:46,680 Then buy a Walt Disney World resort, you know, buy a springs, 343 00:17:46,880 --> 00:17:48,800 don't buy a Bureau, don't buy a Hilton Head. 344 00:17:49,200 --> 00:17:52,240 But people like Annie said, people that love those cottages 345 00:17:52,240 --> 00:17:54,600 that want to go, you know, during the busy time at Hilton 346 00:17:54,600 --> 00:17:58,120 Head, which is the summer, people love to buy points for 347 00:17:58,120 --> 00:17:59,960 those resorts. So again, it does come down to 348 00:17:59,960 --> 00:18:03,280 being an emotional and for those, you know, off Disney 349 00:18:03,360 --> 00:18:06,320 resorts, it's still very practical. 350 00:18:06,320 --> 00:18:09,800 If you want to, you know, enjoy staying where you want to stay 351 00:18:10,160 --> 00:18:13,640 for the next, you know, 1819 years, you got to do it. 352 00:18:14,280 --> 00:18:17,320 I think it's really interesting to where these kind of resorts 353 00:18:17,320 --> 00:18:21,480 fall, you know, when we look at those average resale prices, 354 00:18:21,800 --> 00:18:23,920 because that's what we're, we're, we're really looking at 355 00:18:23,920 --> 00:18:27,000 when it comes to what is the remaining value left on these 356 00:18:27,000 --> 00:18:28,920 contracts. It's what's that resale value? 357 00:18:28,920 --> 00:18:31,120 It's like when you're selling your house or selling a used 358 00:18:31,120 --> 00:18:33,680 car, like is what, what is that remaining resale value? 359 00:18:33,920 --> 00:18:37,360 I continue to get updates from Carvana that our Jeep's value 360 00:18:37,360 --> 00:18:40,160 keeps plummeting and I really want to sell it right now. 361 00:18:40,360 --> 00:18:44,640 But anyhow, when you look at kind of the the Walt Disney 362 00:18:44,640 --> 00:18:47,000 World properties, you kind of see that difference that Derek 363 00:18:47,000 --> 00:18:50,760 was talking about South resorts like Beach Club, Boardwalk in 364 00:18:50,760 --> 00:18:54,680 the one 20s to one 30s per point still, even though they have 365 00:18:54,680 --> 00:18:58,840 that 2042 value and they've kind of stayed there for the entire 366 00:18:58,840 --> 00:19:01,080 year. Actually both of those resorts 367 00:19:01,080 --> 00:19:02,920 actually saw an increase last year. 368 00:19:02,920 --> 00:19:06,320 If you look year over year in terms of the the price per point 369 00:19:06,320 --> 00:19:11,200 for those resorts, Old Key West actually also a a small increase 370 00:19:11,200 --> 00:19:14,480 for the that 2042. So from $89.00 per point 371 00:19:14,480 --> 00:19:19,360 December 23 all the way to $91.00 per point in December 24. 372 00:19:20,240 --> 00:19:23,240 The interesting ones are the ones that are not at Walt Disney 373 00:19:23,240 --> 00:19:26,120 World. Like Derek mentioned, Vero Beach 374 00:19:26,120 --> 00:19:29,480 started December 23 at $58 per point. 375 00:19:29,640 --> 00:19:32,800 In December of 24, it was at $51 per point. 376 00:19:33,560 --> 00:19:36,680 Hilton Head actually did go up year over year. 377 00:19:37,240 --> 00:19:39,240 So it's it's kind of its own outlier. 378 00:19:39,240 --> 00:19:41,360 There's a lot of people that just love Hilton Head Island. 379 00:19:41,360 --> 00:19:43,680 We went there last year. It was absolutely beautiful. 380 00:19:43,680 --> 00:19:46,200 We're going to try to make it back there this year, hopefully 381 00:19:46,440 --> 00:19:49,880 maybe in the fall season. But there was an interesting 382 00:19:49,880 --> 00:19:53,960 thread that I found on Diz boards not too long ago, and I 383 00:19:53,960 --> 00:19:58,960 just want to get your thoughts on it, which is that will Vero 384 00:19:58,960 --> 00:20:02,320 Beach kind of be the first Disney Vacation Club property 385 00:20:02,320 --> 00:20:06,160 that we maybe see hit a $0.00 value? 386 00:20:06,400 --> 00:20:11,840 And what essentially that means is it's it's the sadness to 387 00:20:11,840 --> 00:20:14,040 Derek's ears. I told him I didn't want to 388 00:20:14,080 --> 00:20:16,440 completely, you know, depress him in this episode. 389 00:20:16,440 --> 00:20:22,560 But when you factor in. The value of the contract $51 390 00:20:22,560 --> 00:20:25,520 per point, let's say as of December 2024. 391 00:20:25,840 --> 00:20:29,520 And then Derek, what are annual dues for Vero Beach this year? 392 00:20:30,480 --> 00:20:32,160 You know, you're 1314. He's. 393 00:20:33,080 --> 00:20:35,360 On again. I am I, but I want to say it's 394 00:20:35,360 --> 00:20:39,360 like I want to say it's in the $1314.00 per point range if not 395 00:20:39,360 --> 00:20:41,280 higher. It's over 13 bucks. 396 00:20:41,400 --> 00:20:43,600 Yeah. And so it. 397 00:20:45,040 --> 00:20:51,360 It's $1414.30. Yeah, so $14.30. 398 00:20:51,360 --> 00:20:54,800 So when Jeff, you're, you're shaking your head no like it. 399 00:20:54,840 --> 00:20:58,200 It's a sad thing because I know we all love Vero Beach, but. 400 00:20:58,320 --> 00:21:00,640 OK, I do have a comment on that, OK. 401 00:21:01,200 --> 00:21:03,960 And this came from someone who I think commented on one of our 402 00:21:03,960 --> 00:21:06,640 videos and I thought it was a good point and where. 403 00:21:06,880 --> 00:21:07,960 You're going with this? Yeah. 404 00:21:08,440 --> 00:21:10,960 They were, yeah. And they broke down the math a 405 00:21:10,960 --> 00:21:13,320 lot better than I'm going to because I'm not gonna break down 406 00:21:13,320 --> 00:21:15,240 the math for you at all cuz it's math. 407 00:21:15,960 --> 00:21:18,760 But basically the you write. Loans for a living, ladies and 408 00:21:18,760 --> 00:21:20,720 gentlemen. The point they were making is 409 00:21:20,720 --> 00:21:24,680 that, yes, Vero Beach has very high dues, the highest that 410 00:21:24,680 --> 00:21:26,800 there are. But one thing that Vero Beach 411 00:21:26,800 --> 00:21:30,080 also has is some of the lowest point charts. 412 00:21:30,440 --> 00:21:33,600 So, like, it kind of evens out, you know what I mean? 413 00:21:33,600 --> 00:21:37,520 You're paying, you know, this much dues, but you're only, you 414 00:21:37,520 --> 00:21:40,040 only need this many points. So you need a whole lot less 415 00:21:40,040 --> 00:21:44,960 points to stay there on average. Then like, you know, something 416 00:21:44,960 --> 00:21:48,520 like Grand Floridian, Polynesian, yeah, the dues are 417 00:21:48,520 --> 00:21:51,640 lower, but you need like double the points per night, you know 418 00:21:51,640 --> 00:21:53,640 what I mean, to stay in a studio there. 419 00:21:54,640 --> 00:21:55,880 So I thought that was a good point. 420 00:21:56,400 --> 00:21:58,920 Which is a good point, but the difference is you're 2 hours 421 00:21:58,920 --> 00:22:01,560 away from Walt Disney World. So I mean, it's going to be more 422 00:22:01,560 --> 00:22:02,840 points. I mean, that's the whole point 423 00:22:02,840 --> 00:22:06,440 is when you go to Vero, Yeah, there, there's nothing to do, 424 00:22:06,760 --> 00:22:08,040 right? So I mean, your rooms are going 425 00:22:08,040 --> 00:22:11,080 to be less per point. We just went three weeks ago, I 426 00:22:11,080 --> 00:22:13,080 think today. So we were there for four nights 427 00:22:13,320 --> 00:22:15,000 right before Christmas. Ocean View Room. 428 00:22:15,120 --> 00:22:17,880 I think it was like 15 points a night or something. 20 points a 429 00:22:17,880 --> 00:22:21,200 night, which was absolute insanity how low those points 430 00:22:21,200 --> 00:22:22,720 are. But again, you're in Vera. 431 00:22:22,800 --> 00:22:25,320 So I mean there's we love it, adore it. 432 00:22:25,360 --> 00:22:27,120 Everybody that goes there loves it. 433 00:22:27,120 --> 00:22:29,600 And then winds up a lot of members will add more points 434 00:22:29,600 --> 00:22:31,920 because they say I want to be able to come back because I love 435 00:22:31,920 --> 00:22:33,760 this place. But again, I mean that that's 436 00:22:33,760 --> 00:22:35,480 why the points are always going to be more. 437 00:22:35,480 --> 00:22:37,600 It's still a great point, but it's going to be more to say at 438 00:22:37,600 --> 00:22:41,200 Walt Disney World then. Yeah, I hear that Vero decorates 439 00:22:41,200 --> 00:22:42,720 are really, really pretty for Christmas. 440 00:22:43,800 --> 00:22:47,360 It's the best. It's the best time of year to go 441 00:22:47,360 --> 00:22:49,760 to Bureau. The tree is phenomenal. 442 00:22:49,760 --> 00:22:51,720 Oh my God. I also, I don't want to fully 443 00:22:51,720 --> 00:22:55,240 derail this show, but I also just can we take a minute, 444 00:22:55,240 --> 00:22:58,240 Derek, just for you to tell us all that we were correct and 445 00:22:58,240 --> 00:23:00,680 that Winden Waves is an amazing restaurant yet again. 446 00:23:03,320 --> 00:23:07,800 So happy to post that on DBC fan because Andy and I went without 447 00:23:07,800 --> 00:23:10,040 the kids for one night and we're like, where we going to go eat? 448 00:23:10,040 --> 00:23:13,040 We didn't want to leave. So we're like, well, hello 449 00:23:13,040 --> 00:23:17,080 Winden Waves, here I am. I went in there. 450 00:23:17,080 --> 00:23:19,560 I was kind of afraid that they were like not going to serve me. 451 00:23:19,560 --> 00:23:21,360 So I wore like a top hat and like a mustache. 452 00:23:22,360 --> 00:23:25,040 We sat down. It was awesome. 453 00:23:25,080 --> 00:23:28,720 I had the shrimp and grits. It was our service, which is 454 00:23:28,720 --> 00:23:30,840 always been great at Bureau of the service is always 455 00:23:30,840 --> 00:23:32,360 phenomenal. I just always had an issue with 456 00:23:32,360 --> 00:23:35,000 the food there. But I could not be happier. 457 00:23:35,000 --> 00:23:38,120 I was so happy to post that and happy to see that people were 458 00:23:38,120 --> 00:23:42,440 happy with me at Wind and Waves. I saw a bunch of DVC fan folks 459 00:23:42,440 --> 00:23:44,440 throughout my whole entire trip there, which is awesome. 460 00:23:44,440 --> 00:23:47,080 So I love seeing them and every single one of them was like, I'm 461 00:23:47,120 --> 00:23:50,560 so glad you like Wind and Waves. We're so happy to see. 462 00:23:50,920 --> 00:23:52,640 Oh yeah, that was great. Yeah. 463 00:23:53,320 --> 00:23:56,320 Jeff, I want to go to you with the question that I asked to 464 00:23:56,320 --> 00:23:58,600 kick us off, but I'm going to add two other pieces of 465 00:23:58,600 --> 00:24:01,560 information here to to kind of just set the stage a little bit 466 00:24:01,560 --> 00:24:04,080 more. Sadly. 467 00:24:04,800 --> 00:24:07,960 Vero Beach originally had an expansion plot that was across 468 00:24:07,960 --> 00:24:10,640 the street from where it currently sits. 469 00:24:11,400 --> 00:24:16,240 So the plan for Disney was always to expand Vero Beach 470 00:24:16,240 --> 00:24:17,520 hoping that it did. Well. 471 00:24:18,080 --> 00:24:21,520 Disney has sold off that land. They no longer own that land. 472 00:24:22,560 --> 00:24:25,080 So I feel like that's a little bit of writing on the wall. 473 00:24:25,080 --> 00:24:28,400 So going back to you kind of shaking your head there, you 474 00:24:28,400 --> 00:24:30,640 know, do you think that we are going to kind of get to that 475 00:24:30,640 --> 00:24:35,560 zero value here with Vero Beach Resort and, and what does that 476 00:24:35,560 --> 00:24:38,280 mean and what do you think they maybe do with this property once 477 00:24:38,280 --> 00:24:43,240 we get to 2042? Yeah, I, I, I think the closer 478 00:24:43,240 --> 00:24:48,120 we inch to that, yeah, I think you're going to see those values 479 00:24:48,120 --> 00:24:50,720 start to plummet. And I'm nobody has a crystal 480 00:24:50,720 --> 00:24:54,480 ball, but I, I'm, I'm thinking after, you know, we crossed that 481 00:24:54,480 --> 00:24:57,200 10 year mark, 10 years left on those deeds is when you're 482 00:24:57,200 --> 00:24:59,040 really going to start to see those impacts. 483 00:24:59,280 --> 00:25:03,560 If we're just guessing, but you know, we, we've seen time and 484 00:25:03,560 --> 00:25:07,760 time again the Disney right now there's more for sale than 485 00:25:07,760 --> 00:25:10,480 there's ever been and some of those properties are struggling 486 00:25:10,480 --> 00:25:11,600 to sell. You know, right now we've got 487 00:25:11,600 --> 00:25:15,080 Disneyland Tower, we've got Aulani, we've got, what else do 488 00:25:15,080 --> 00:25:17,200 we have? The caverns, Polynesian. 489 00:25:18,240 --> 00:25:20,440 There's a lot of inventory right now that they're having trouble 490 00:25:20,440 --> 00:25:22,000 getting through. Some are selling better than 491 00:25:22,000 --> 00:25:24,080 others, but I don't think they're going to want to put 492 00:25:24,080 --> 00:25:27,120 themselves in a position to try and flip 6 properties at the 493 00:25:27,120 --> 00:25:30,000 same time. I think unfortunately for Derek 494 00:25:30,000 --> 00:25:33,000 and for a lot of us, I think Vero and Hilton Head will get 495 00:25:33,000 --> 00:25:35,880 sold off. I think they'll become Wyndham 496 00:25:35,880 --> 00:25:39,440 or RCI or Marriott or somebody completely different than that. 497 00:25:39,440 --> 00:25:41,560 Maybe they'll get raised and something else built there. 498 00:25:41,560 --> 00:25:47,880 But I just don't see the off property experiment for Disney 499 00:25:48,440 --> 00:25:50,920 didn't really do what anybody thought it was. 500 00:25:51,360 --> 00:25:54,120 Now, if if they were to surprise us next year to say, hey, we're 501 00:25:54,120 --> 00:26:01,200 going to build a DVC in Salt Lake and in Vegas and in Vermont 502 00:26:01,200 --> 00:26:03,840 and all these other places that we all wish they would, that 503 00:26:03,840 --> 00:26:05,080 could be a different conversation. 504 00:26:05,080 --> 00:26:09,840 But I just, it doesn't feel like that experiment worked very well 505 00:26:09,840 --> 00:26:11,640 for them. So I I think those will be the 506 00:26:11,640 --> 00:26:14,040 first to go have thoughts about the other ones. 507 00:26:14,040 --> 00:26:18,960 But yeah, I wish that. I wish that there was a scenario 508 00:26:18,960 --> 00:26:23,880 in which, you know, Disney Vacation Club could expand 509 00:26:23,880 --> 00:26:26,360 internationally. That is, that is probably one of 510 00:26:26,360 --> 00:26:28,160 the biggest struggles with Disney Vacation Club. 511 00:26:28,160 --> 00:26:31,080 But we've said before, I would love to see like Disney Vacation 512 00:26:31,080 --> 00:26:33,600 Club on a cruise ship. Now, the annual dues would be 513 00:26:33,600 --> 00:26:36,040 through the roof probably. And what happens if your ship 514 00:26:36,040 --> 00:26:38,360 sinks? You know, that there would have 515 00:26:38,360 --> 00:26:40,000 to be some parameters around that. 516 00:26:40,800 --> 00:26:44,560 But also, we get questions all the time about, you know, going 517 00:26:44,560 --> 00:26:48,280 to Tokyo, going to Disneyland Paris, Shanghai, as they 518 00:26:48,280 --> 00:26:52,560 continue to, well, what's the last ship that sank? 519 00:26:53,600 --> 00:26:55,520 Titanic. Coast of Concordia. 520 00:26:55,520 --> 00:26:58,440 I don't think it's a. Concern even as much as a 521 00:26:58,440 --> 00:27:00,160 sinkhole. Hey, the coast of Concordia. 522 00:27:00,200 --> 00:27:04,880 Sunk in like 20 what? What 2016? 523 00:27:05,160 --> 00:27:06,360 I don't know. Paul just made it sound. 524 00:27:06,360 --> 00:27:08,480 Like it's a, it's a weekly thing. 525 00:27:08,760 --> 00:27:10,440 I know you gotta worry. About the ship. 526 00:27:10,560 --> 00:27:14,440 OK, I like how the answer was. Titanic, though Lincoln 1912 was 527 00:27:14,440 --> 00:27:17,800 the last time. Our our good friends, Dan and 528 00:27:17,800 --> 00:27:20,080 Jeff, we went on the Icon of the Seas with Royal Caribbean with 529 00:27:20,080 --> 00:27:27,440 them last year and they were extremely, Dan is Dan was like, 530 00:27:27,440 --> 00:27:30,520 don't show me anything about sinking ships or anything like 531 00:27:30,520 --> 00:27:32,560 that. He was like, this thing looks so 532 00:27:32,560 --> 00:27:34,200 big. It's just going to tilt over 533 00:27:34,200 --> 00:27:35,640 when they throw it into the water. 534 00:27:35,880 --> 00:27:38,680 I mean, it's, it's likely to go down and all this stuff. 535 00:27:38,680 --> 00:27:42,200 So what do I do as an amazing friend? 536 00:27:42,360 --> 00:27:45,360 I double down. They have a pool. 537 00:27:45,360 --> 00:27:49,320 So I sent them an inflatable of the Titanic to put in their 538 00:27:49,320 --> 00:27:51,880 pool. And comically enough, one time 539 00:27:52,200 --> 00:27:54,840 he sends me a picture one night and it had fell over. 540 00:27:55,080 --> 00:27:57,560 So I was like, well, it's a sign. 541 00:27:57,600 --> 00:28:01,600 It's a sign. So it was 2012, Yeah. 542 00:28:01,600 --> 00:28:03,880 That it's saying I just saying logistically. 543 00:28:03,880 --> 00:28:07,040 There'd probably be a lot of we we know how Disney is with legal 544 00:28:07,040 --> 00:28:09,760 on a daily basis, so the better question is how many. 545 00:28:09,760 --> 00:28:15,120 Times has Carnival caught on fire last? 546 00:28:15,120 --> 00:28:17,760 Year, I think it was 2 at least in one year. 547 00:28:17,760 --> 00:28:18,680 They don't. The people. 548 00:28:18,760 --> 00:28:22,120 Don't react, they just continue to party by the watch the videos 549 00:28:23,160 --> 00:28:26,280 group package. But I, I think that's, you know, 550 00:28:26,360 --> 00:28:30,400 I, I wish if Disney were to explore expansion again for 551 00:28:30,400 --> 00:28:32,720 Disney Vacation Club, it would be great to see them move in 552 00:28:32,720 --> 00:28:35,400 those directions where, you know, your clientele already 553 00:28:35,400 --> 00:28:38,400 loves the product that you have. I think that's the struggle with 554 00:28:38,440 --> 00:28:40,880 these other properties. And, and it's not that they're 555 00:28:41,080 --> 00:28:43,760 like you. You ask us like, we'll do this, 556 00:28:43,960 --> 00:28:46,920 you know, for 2025. At some point, we'll probably 557 00:28:46,920 --> 00:28:49,240 discuss our favorite Disney Vacation Club properties. 558 00:28:49,560 --> 00:28:53,360 Derek's going to say Vero Beach. One of us in some capacity is 559 00:28:53,360 --> 00:28:57,240 probably going to say Aulani. You know, these properties that 560 00:28:57,400 --> 00:29:02,560 are not at Disney World are some of the best Disney vacation I 561 00:29:02,560 --> 00:29:03,560 know. I really. 562 00:29:03,560 --> 00:29:06,720 Hate that they don't do well, you know what I mean, 'cause I 563 00:29:06,720 --> 00:29:09,520 wish it was such a vibrant. I wish that they could expand. 564 00:29:09,520 --> 00:29:11,360 I wish that there was just DVC, you know. 565 00:29:11,600 --> 00:29:13,600 Hey, we got, we're going to New York City out of a cruise where 566 00:29:13,600 --> 00:29:15,480 we're gonna stay, of course, we're gonna use our DVC points 567 00:29:15,480 --> 00:29:18,520 and stay at the Times Square DVC Resort. 568 00:29:18,720 --> 00:29:20,240 Or did you know that there was a New York? 569 00:29:20,240 --> 00:29:23,720 City DVC concept that once one time that I didn't know that. 570 00:29:23,720 --> 00:29:25,480 Or like, hey, I want something different. 571 00:29:25,480 --> 00:29:28,720 I want to go to the mountains or I want to go to like Tahoe or 572 00:29:28,720 --> 00:29:32,120 ski resort or something. It, it's just, it's so cool. 573 00:29:32,120 --> 00:29:34,440 If you could be like, let's just use our DVC points. 574 00:29:34,440 --> 00:29:37,440 We know we'll be taken care of at the well taken care of at 575 00:29:37,440 --> 00:29:41,080 this, you know, DVC resort. But I just hate that the concept 576 00:29:41,440 --> 00:29:45,160 didn't work well enough that they're just, you know, and and 577 00:29:45,160 --> 00:29:48,200 you have to like understand, like, yes, we get it. 578 00:29:48,200 --> 00:29:51,360 If you love DVC, you're probably very parks focused and and 579 00:29:51,360 --> 00:29:55,320 that's understandable. But yeah, yeah, it's just keep. 580 00:29:55,320 --> 00:29:58,960 Going off the rails here, but. Virgin Voyages is testing a new 581 00:29:58,960 --> 00:30:02,880 thing where you can hop on, hop off at the mini. 582 00:30:03,360 --> 00:30:07,360 So you you take your cruise, you get off the ship in Bimini, you 583 00:30:07,360 --> 00:30:09,520 stay there for a week and then you catch the next boat that 584 00:30:09,520 --> 00:30:13,240 happens to come into port. And like, Can you imagine if DVC 585 00:30:13,240 --> 00:30:16,720 did that with Disney Cruise Line and you could just pop over to? 586 00:30:16,720 --> 00:30:19,080 Lighthouse Point. Or whatever they've come up 587 00:30:19,080 --> 00:30:20,600 with. I thought that they were going 588 00:30:20,600 --> 00:30:22,240 to do that when they built. Lighthouse point, because they, 589 00:30:22,560 --> 00:30:25,200 they bought, they bought enough land out there that I thought, 590 00:30:25,200 --> 00:30:28,880 what if, what if somehow they packaged the ability to take a 591 00:30:28,880 --> 00:30:34,080 three night cruise and go to lighthouse Point and then stay 592 00:30:34,080 --> 00:30:38,160 there on, on your property for, you know, three nights or so and 593 00:30:38,160 --> 00:30:41,080 then hop back on the cruise ship and come back. 594 00:30:41,480 --> 00:30:43,240 I, I, I think people would love that. 595 00:30:43,240 --> 00:30:46,680 I think, you know, definitely you've you've seen the growth in 596 00:30:46,680 --> 00:30:50,320 cruise line over the course of the past five years coming out 597 00:30:50,320 --> 00:30:54,080 of the pandemic that you have to say to yourself, if there was a 598 00:30:54,080 --> 00:30:58,120 way to package this, like it would blow my mind if it's not 599 00:30:58,120 --> 00:31:01,600 on a whiteboard somewhere and it's not having been discussed. 600 00:31:01,800 --> 00:31:05,120 And they're just, they're just like, how could we make it 601 00:31:05,120 --> 00:31:07,560 legally work? How could we make it feasibly 602 00:31:07,560 --> 00:31:09,200 work? Because we are talking about 603 00:31:09,200 --> 00:31:12,360 like, I don't, I don't know that we would ever know. 604 00:31:12,360 --> 00:31:14,560 Like how much did Riviera cost to build? 605 00:31:15,040 --> 00:31:17,520 But it's definitely probably not the same amount of money that it 606 00:31:17,520 --> 00:31:21,560 cost to build Disney treasure that just started sailing in 607 00:31:21,560 --> 00:31:26,160 December. So, you know, we we go down this 608 00:31:26,160 --> 00:31:28,560 fantasy route, but it's like, what would the cost per point 609 00:31:28,560 --> 00:31:30,480 be? How many years would be on this 610 00:31:30,480 --> 00:31:32,800 contract? What's the annual do? 611 00:31:32,840 --> 00:31:35,520 What's what's that ship going to look like in 50 years? 612 00:31:35,520 --> 00:31:39,600 Does it get a refurb like what happens do this? 613 00:31:40,000 --> 00:31:41,680 Off go on a cruise ship. Yeah. 614 00:31:42,800 --> 00:31:46,040 So there's there's just a lot of questions about that. 615 00:31:46,920 --> 00:31:51,960 And so unfortunately, you know, I, I do kind of agree with Jeff 616 00:31:51,960 --> 00:31:54,960 what you said and, and kind of the direction that I think 617 00:31:54,960 --> 00:31:59,480 Disney will go in 2042, which is that a lot of these, you know, a 618 00:31:59,480 --> 00:32:02,680 lot of these external properties will probably close or be sold 619 00:32:02,680 --> 00:32:05,400 off. I, I just don't see them. 620 00:32:06,440 --> 00:32:09,800 They would surprise me if, if they, if they did something 621 00:32:09,800 --> 00:32:11,760 else. And, and a lot of questions we 622 00:32:11,760 --> 00:32:14,440 get all the time is Disney's got to have a plan. 623 00:32:14,440 --> 00:32:16,040 What's their plan? Why aren't they telling us their 624 00:32:16,040 --> 00:32:18,960 plan? I guarantee you, I guarantee you 625 00:32:19,000 --> 00:32:23,040 from the bottom of my heart, the current leadership, they don't 626 00:32:23,040 --> 00:32:28,560 care nor do they really know there might be on a 10 year 627 00:32:28,560 --> 00:32:32,400 plan, a strategic vision for what this might look like or 628 00:32:32,400 --> 00:32:35,040 potentially how it rolls into the current package of what 629 00:32:35,040 --> 00:32:36,960 they're doing. I do think the writing is on the 630 00:32:36,960 --> 00:32:39,360 wall with kind of what they're doing with resale restrictions 631 00:32:39,560 --> 00:32:42,560 and maybe what they're doing with the Palmetto Trust, but 632 00:32:42,560 --> 00:32:44,880 they really don't care at this point in time. 633 00:32:44,880 --> 00:32:47,520 Most of them are going to be somewhere else at that point in 634 00:32:47,520 --> 00:32:50,040 time and they're not going to have to worry about it. 635 00:32:50,040 --> 00:32:53,200 And they just care about, you know, getting from year to year 636 00:32:53,200 --> 00:32:55,160 and, you know, hitting their one year goal, hitting their 637 00:32:55,160 --> 00:32:56,960 three-year goal, hitting their five year goal. 638 00:32:57,720 --> 00:33:00,880 So this is this is a question mark that is far out there. 639 00:33:01,680 --> 00:33:03,400 I don't know what Jeff said about the 10. 640 00:33:03,400 --> 00:33:06,120 Year thing with people, I think that's with Disney Tour. 641 00:33:06,120 --> 00:33:09,080 I think as it gets to the last 10 years, we'll hear it come up 642 00:33:09,080 --> 00:33:11,120 a lot more well and it's so abstract. 643 00:33:11,120 --> 00:33:15,280 Right now, 18 years down the road, yeah, when you have a 5060 644 00:33:15,280 --> 00:33:18,840 point or 60 year contract, that's a long time, 18 years, 645 00:33:18,920 --> 00:33:21,720 there's not that much left. But 18 years is still a long 646 00:33:21,720 --> 00:33:23,280 time. Like that's a whole it is. 647 00:33:24,000 --> 00:33:26,680 Getting out of the. House, right born. 648 00:33:26,680 --> 00:33:29,480 To adulthood like yeah, exactly. So I. 649 00:33:29,480 --> 00:33:33,080 Think it's very abstract for everybody to think that far down 650 00:33:33,080 --> 00:33:36,800 the road, but at some point somebody's going to have to 651 00:33:36,800 --> 00:33:39,040 think that far down the road. Yeah, yeah. 652 00:33:39,480 --> 00:33:42,480 Yeah, every. Single day, every single day I'm 653 00:33:42,480 --> 00:33:45,360 blessed to have at least multiple people ask me. 654 00:33:45,640 --> 00:33:49,280 So what happens in 2042? Like every day someone will 655 00:33:49,280 --> 00:33:51,360 always ask me and I literally have the same answer and. 656 00:33:51,800 --> 00:33:55,200 You just said. It Disney's literally trying to 657 00:33:55,200 --> 00:33:58,320 get through 2025 like they are not thinking. 658 00:33:58,840 --> 00:34:01,040 Well then, like everybody, let's. 659 00:34:01,040 --> 00:34:03,000 Have a meeting now. Remember who's got. 660 00:34:03,000 --> 00:34:07,520 Plans for. 2043, right? We're just trying to have. 661 00:34:07,720 --> 00:34:10,560 You know, frontier land, not, you know, blow up with sewage 662 00:34:10,560 --> 00:34:11,960 and so they could build tires on. 663 00:34:13,480 --> 00:34:17,159 We're not worried about 24, so like well and. 664 00:34:17,360 --> 00:34:19,880 Aulani is. The time. 665 00:34:19,880 --> 00:34:21,400 Wise too, Jeff, I mean. You just touched it. 666 00:34:21,600 --> 00:34:25,199 I bought my boardwalk in like 1999 where I didn't have any 667 00:34:25,199 --> 00:34:27,280 kids. Olin is now 20 years old, 668 00:34:27,280 --> 00:34:29,480 Connor's 16 years old. And Annie and I just said we're 669 00:34:29,480 --> 00:34:34,000 like holy count got we still got what, 18-19 more years left of 670 00:34:34,000 --> 00:34:36,120 this. So when you're in it and you 671 00:34:36,120 --> 00:34:41,000 realize how long that you know, span of time is, it's, it's OK 672 00:34:41,639 --> 00:34:44,800 just because I know. The calendar, just just because 673 00:34:44,800 --> 00:34:47,840 I knew a calendar can do this. At the end of this show, Derek, 674 00:34:47,840 --> 00:34:50,320 I'm going to send you a calendar invite for dinner invitation in 675 00:34:50,320 --> 00:34:51,679 2042. Yes. 676 00:34:52,719 --> 00:34:56,719 Panda will just decline it though, but thinking I accepted. 677 00:34:56,719 --> 00:34:59,800 It thinking right? But the perfect illustration of 678 00:34:59,800 --> 00:35:01,280 this is. Aulani, if they were worried 679 00:35:01,280 --> 00:35:04,320 about things not selling, they wouldn't keep raising the price 680 00:35:04,320 --> 00:35:07,480 of Aulani because it's been sold for 152 years now. 681 00:35:07,520 --> 00:35:10,120 So yeah. Yeah, you know what though? 682 00:35:10,120 --> 00:35:11,920 It's also interesting because I do. 683 00:35:11,920 --> 00:35:14,840 I get asked just at Monera all the time, you know. 684 00:35:14,840 --> 00:35:17,240 Well, what do you think's going to happen in 2042 to these 685 00:35:17,240 --> 00:35:18,640 resorts? You know, should I be buying it? 686 00:35:18,640 --> 00:35:19,760 What do you think's going to happen? 687 00:35:19,760 --> 00:35:24,720 And it's, I just want to be like, like, think about 2024 and 688 00:35:24,720 --> 00:35:27,120 like in January 2024, Jeff, did you know you were going to buy a 689 00:35:27,120 --> 00:35:30,560 house in that year? Like, no, like we didn't know 690 00:35:30,560 --> 00:35:32,120 that. Like there's so many things that 691 00:35:32,120 --> 00:35:34,040 can happen to you in just one year. 692 00:35:34,040 --> 00:35:37,320 So many things can change in your life that you don't, you 693 00:35:37,320 --> 00:35:40,320 don't even know. So yeah, they're, they're not 694 00:35:40,320 --> 00:35:42,200 going to know. Nobody knows. 695 00:35:42,800 --> 00:35:44,880 We mentioned this at the top. Of the show related to Old Key 696 00:35:44,880 --> 00:35:49,480 West, but Old Key West is the only property in which I don't 697 00:35:49,480 --> 00:35:52,920 know if they tried to maybe answer this question a little 698 00:35:52,920 --> 00:35:56,120 bit or if they were just experimenting. 699 00:35:56,480 --> 00:35:59,480 I'll let Derek go into more detail because I know he was 700 00:35:59,480 --> 00:36:01,720 around whenever that debacle happened. 701 00:36:02,800 --> 00:36:06,160 But Old Key West has two expiration dates. 702 00:36:06,400 --> 00:36:09,440 So if you're ever looking at Old Key West contracts, most likely 703 00:36:09,440 --> 00:36:11,400 if you're buying direct through Disney, they're going to sell 704 00:36:11,400 --> 00:36:14,960 you what is a 2057 expiration date contract. 705 00:36:15,920 --> 00:36:18,200 And if you look on the resale market, you're going to see a 706 00:36:18,200 --> 00:36:24,200 combination of both 2057 and 2042 expiration contracts. 707 00:36:24,560 --> 00:36:29,880 And this is because many moons ago, back when Derek was a young 708 00:36:29,880 --> 00:36:34,440 buck selling Disney Vacation Club, before the before the 709 00:36:34,440 --> 00:36:39,120 reading glasses, Disney Vacation Club offered a 15 year 710 00:36:39,120 --> 00:36:41,840 extension. So they gave the original owners 711 00:36:41,840 --> 00:36:45,640 or the owners at the time of Old Key West the ability to extend 712 00:36:45,640 --> 00:36:51,360 their contract by 15 years. What then ensued is maybe I 713 00:36:51,360 --> 00:36:56,360 would say between 20 to 30% of people at the time decided, 714 00:36:56,360 --> 00:36:59,160 yeah, I'll take the extra 15 years. 715 00:36:59,160 --> 00:37:03,240 It was a decent price or whatever it was, and then Disney 716 00:37:03,240 --> 00:37:07,240 realized they had a problem because they had about 80% plus 717 00:37:07,240 --> 00:37:10,080 of the ownership of this resort that didn't take them up on that 718 00:37:10,080 --> 00:37:13,280 offer. And how do you extend the deed 719 00:37:13,280 --> 00:37:17,240 of a resort when only a certain percentage of the resort has 720 00:37:17,240 --> 00:37:20,760 actually extended? So that then ensued a a 721 00:37:20,760 --> 00:37:28,040 combination of quitclaim deeds and other affidavits that had to 722 00:37:28,040 --> 00:37:31,680 be signed and threats that Derek had to make to people to sign 723 00:37:31,680 --> 00:37:36,160 those in in order to try to get most people that didn't buy it 724 00:37:36,160 --> 00:37:39,800 to say that they knew specifically they had to vacate 725 00:37:39,800 --> 00:37:43,000 that place in 2042. Derek, did I get any of that 726 00:37:43,000 --> 00:37:46,120 wrong? I'm having like PTSD. 727 00:37:46,120 --> 00:37:50,080 Now, just trying to remember what it was like back in 2008. 728 00:37:50,080 --> 00:37:53,760 So yeah, Paul's exactly right. Disney came up with the idea and 729 00:37:53,760 --> 00:37:55,000 said, hey, you know what we're going to do? 730 00:37:55,560 --> 00:37:59,880 OQS expires in 2042. So let's offer folks the chance 731 00:37:59,880 --> 00:38:04,040 to extend 15 more years. So their deed goes until 2057. 732 00:38:04,040 --> 00:38:05,960 And what we're going to do, we're going to give it to you 733 00:38:05,960 --> 00:38:08,040 for a deal. So I think the first 734 00:38:08,040 --> 00:38:11,400 out-of-the-box offer was, I believe it was like $10 a point, 735 00:38:11,920 --> 00:38:13,960 right? So you had members say they had 736 00:38:13,960 --> 00:38:16,360 200 points. Seems like a no brainer, right? 737 00:38:16,360 --> 00:38:19,160 You're like, hey, for, you know, $2000, you can extend your 738 00:38:19,160 --> 00:38:22,600 membership 15 extra years. But the problem was, you know, 739 00:38:22,640 --> 00:38:25,640 vacation guides and everybody had to get a hold of all the 740 00:38:26,160 --> 00:38:28,960 options and thousands and thousands of members to reach 741 00:38:28,960 --> 00:38:30,760 out to them to say, would you like to do this? 742 00:38:30,760 --> 00:38:33,440 And like Paul said, it probably, I wonder if there's ever been 743 00:38:33,760 --> 00:38:35,600 anything official on how many people did it. 744 00:38:35,960 --> 00:38:39,480 But it would definitely was not the response that they had hoped 745 00:38:39,480 --> 00:38:43,000 for because a lot of folks, and they would tell me even over the 746 00:38:43,000 --> 00:38:45,480 phone, because we would have literally phone nights where all 747 00:38:45,480 --> 00:38:47,880 the guides were asked to stay over and we would just go 748 00:38:47,880 --> 00:38:50,320 through, you know, entire lists of calling all these members. 749 00:38:50,320 --> 00:38:52,360 Did you want to do it? And a lot of folks were like 750 00:38:52,360 --> 00:38:54,080 literally had the answer. And I don't blame them. 751 00:38:54,080 --> 00:38:56,800 They're like, this was in 2008, keep in mind. 752 00:38:56,800 --> 00:39:00,520 So they're like, hey, so in 2042, do you want to give us 753 00:39:00,520 --> 00:39:05,320 3004 thousand $5000 now for something that's going to kick 754 00:39:05,320 --> 00:39:08,920 in in 2042? So a lot of folks are like, you 755 00:39:08,920 --> 00:39:11,880 know, no, I mean, I'm good. I've got how many more years 756 00:39:11,880 --> 00:39:14,400 left of this? So that's where the majority of 757 00:39:14,400 --> 00:39:16,800 folks just said no. But then like Paul said, then it 758 00:39:16,800 --> 00:39:19,640 became an issue of like, OK, so all the folks that said, no, you 759 00:39:19,640 --> 00:39:23,000 can't just say no, you got to sign this, you know, quitclaim D 760 00:39:23,000 --> 00:39:26,720 back that we're going to take it back from you in 2042 because 761 00:39:26,720 --> 00:39:28,840 we've got some folks over here that took it all the way till 762 00:39:28,840 --> 00:39:33,240 2057. So it was a hot mess. 763 00:39:33,280 --> 00:39:36,000 And so that's where I think that, you know, experiment 764 00:39:36,400 --> 00:39:38,520 stopped. And that's why people ask, hey, 765 00:39:38,520 --> 00:39:40,480 are they ever going to do something like that again for 766 00:39:40,480 --> 00:39:42,320 like the Boardwalk or Beats Club? 767 00:39:42,320 --> 00:39:46,480 And I'm like, no way they're just going to let this stuff 768 00:39:46,760 --> 00:39:49,200 settle, let it come to the finish line. 769 00:39:49,240 --> 00:39:52,880 However, it's going to come because it just did not work out 770 00:39:52,880 --> 00:39:55,800 because again, I wouldn't want to do it like I would not want 771 00:39:55,800 --> 00:39:59,120 to give 3004 thousand dollars now where I still. 772 00:39:59,120 --> 00:40:01,680 Had 30 more. Years left like no, I'm not 773 00:40:01,680 --> 00:40:05,680 paying that, but Derek, let's say in. 2035, they made that 774 00:40:05,680 --> 00:40:08,800 offer for the 2042 people. You don't think they would have 775 00:40:08,800 --> 00:40:11,920 a lot more people take it? Oh, 100. 776 00:40:11,920 --> 00:40:14,800 Percent panda that and you don't think they'll revisit it? 777 00:40:14,920 --> 00:40:18,680 In the future, I don't know. About that, well. 778 00:40:18,800 --> 00:40:20,600 And and before. We get into theories and 779 00:40:20,600 --> 00:40:23,000 speculations. Let me just add this to the 780 00:40:23,000 --> 00:40:25,480 conversation. I was at the Boardwalk Condo 781 00:40:25,480 --> 00:40:29,160 Association meeting in December. This question was asked as to 782 00:40:29,160 --> 00:40:31,880 whether or not there was a consideration for an extension 783 00:40:31,880 --> 00:40:35,320 to Boardwalk. The leadership of DVC shut that 784 00:40:35,320 --> 00:40:40,520 conversation down so fast that, yeah, I and, and most of them, a 785 00:40:40,520 --> 00:40:42,640 lot of the senior leadership, you know, they've a bit, they've 786 00:40:42,640 --> 00:40:45,400 been there probably, you know, back when Derek was there, 787 00:40:45,560 --> 00:40:47,800 they've lived through the Old Key West debacle. 788 00:40:48,320 --> 00:40:51,120 I can tell you for a fact that at least a lot of the people 789 00:40:51,120 --> 00:40:54,600 there that are in senior leadership also have that PTSD 790 00:40:54,600 --> 00:40:56,280 related to what happened to Old Key West. 791 00:40:56,680 --> 00:40:59,720 And the answer is no. The answer is no to that 792 00:40:59,720 --> 00:41:03,880 question right now. Now, Jeff, I, I and I will let 793 00:41:03,880 --> 00:41:06,320 us go kind of around the room and give some speculation 794 00:41:06,320 --> 00:41:08,360 because I've had some speculation and thought as to 795 00:41:08,360 --> 00:41:10,280 what they might do for many years. 796 00:41:10,280 --> 00:41:12,680 But Jeff, I'll let you, I'll let you leave the discussion here. 797 00:41:13,520 --> 00:41:16,840 Well, and to that point, I. I myself personally asked that 798 00:41:16,840 --> 00:41:18,520 question in my old Key West meeting. 799 00:41:18,520 --> 00:41:21,440 I brought it up to the fact that they've kind of backed 800 00:41:21,440 --> 00:41:24,520 themselves into a corner here. And just like Paul said, they 801 00:41:24,520 --> 00:41:28,000 did shut it down. And I can't remember her name is 802 00:41:28,040 --> 00:41:32,440 Yvonne. Yvonne, Yes, Yeah, she very 803 00:41:32,440 --> 00:41:35,480 specifically said there are no plans to revisit that. 804 00:41:36,320 --> 00:41:39,800 But my point to them was, and I and I think they heard it, but 805 00:41:39,880 --> 00:41:41,840 and I think it's something that they they've thought about. 806 00:41:41,960 --> 00:41:44,840 But for example, and I don't know how many people are in this 807 00:41:44,840 --> 00:41:48,520 boat, but I admittedly own a lot of old Key West contracts or I 808 00:41:48,520 --> 00:41:52,120 did until recently. I actually looked at them one 809 00:41:52,120 --> 00:41:58,760 day and one of my 2040 twos and one of my 2050 sevens, we're in 810 00:41:58,760 --> 00:42:00,680 the same building. You look at the legal 811 00:42:00,680 --> 00:42:03,720 description on your deeds and your purchase contracts. 812 00:42:04,440 --> 00:42:06,600 Same building, two different expiration states. 813 00:42:06,600 --> 00:42:09,800 Now mind you, it's like a tile. It's like a one inch tile that 814 00:42:09,800 --> 00:42:12,920 you own or the door knob or whatever that you want to 815 00:42:12,920 --> 00:42:16,080 percent that out as but. I don't. 816 00:42:16,160 --> 00:42:20,040 Know how legally they're going to be able to do anything with 817 00:42:20,040 --> 00:42:24,240 that property until 2057. I think they've backed 818 00:42:24,240 --> 00:42:27,000 themselves into this corner because there's probably a lot 819 00:42:27,000 --> 00:42:29,120 of those buildings that are hybrid like that. 820 00:42:29,320 --> 00:42:31,520 Some expire this day, some expire that day. 821 00:42:31,840 --> 00:42:35,160 They do buy old Key West back pretty frequently on right of 822 00:42:35,160 --> 00:42:38,120 first refusal. I personally speculation. 823 00:42:38,960 --> 00:42:42,160 I don't know how they're going to get out of it or they're just 824 00:42:42,160 --> 00:42:46,040 going to be paying their own dues themselves after 2042 to 825 00:42:46,040 --> 00:42:48,560 2057 on those contracts that have expired. 826 00:42:49,240 --> 00:42:51,000 But the maintenance is still going to be there. 827 00:42:51,440 --> 00:42:54,760 Not everybody will have expired. It's it's going to be a weird 828 00:42:54,760 --> 00:42:56,080 situation. So I. 829 00:42:57,240 --> 00:42:58,480 That's. My personal feeling I. 830 00:42:58,480 --> 00:43:01,320 Think the other three that we haven't talked about, Boulder 831 00:43:01,320 --> 00:43:06,360 Ridge Beach Club, Boardwalk. First of all, their point charts 832 00:43:06,360 --> 00:43:08,360 have no business being as low as they are. 833 00:43:09,480 --> 00:43:12,800 Other properties that. Are adjacent Epcot adjacent to 834 00:43:13,320 --> 00:43:15,640 Magic Kingdom? Those are easy flips. 835 00:43:16,680 --> 00:43:18,120 Polish. Paint, call it something 836 00:43:18,120 --> 00:43:20,040 different. Easy peasy. 837 00:43:20,040 --> 00:43:22,440 But I think Old Key West is going to be the exception. 838 00:43:22,440 --> 00:43:23,680 I don't know how they're gonna get out of it. 839 00:43:24,760 --> 00:43:26,400 Yeah. No I completely agree. 840 00:43:26,400 --> 00:43:29,560 The point charts is where I come back to, especially when you 841 00:43:29,560 --> 00:43:32,920 look at boardwalk and beach club like you they are. 842 00:43:32,920 --> 00:43:36,960 I feel like when you compare them to Grand Floridian, 843 00:43:36,960 --> 00:43:40,200 Polynesian, which I get like those are like the Crown Jewel 844 00:43:40,200 --> 00:43:43,680 resorts, but those are walking distance or monorail distance to 845 00:43:43,680 --> 00:43:47,840 Magic Kingdom. You got walking sky liner boat 846 00:43:48,160 --> 00:43:50,160 to alcohol and Hollywood Studios. 847 00:43:50,160 --> 00:43:54,840 I think that they regret how low the point charts are at 848 00:43:55,000 --> 00:43:57,640 Boardwalk and Beach Club and that is going to be one of the 849 00:43:57,640 --> 00:44:00,320 first things they want to change and and Amy. 850 00:44:00,320 --> 00:44:03,520 That's such a perfect point. Just when you both said that is 851 00:44:03,520 --> 00:44:06,960 just because that goes to the value of Disney Vacation Club. 852 00:44:07,200 --> 00:44:10,240 And I say that because people again ask all the time, like 853 00:44:10,480 --> 00:44:11,600 what am I going to do in the club? 854 00:44:11,600 --> 00:44:13,760 Because they're going to Jack up the points and blah, blah, blah. 855 00:44:13,760 --> 00:44:15,200 It's going to be more points later on. 856 00:44:15,200 --> 00:44:17,600 I go listen, the points are what what they are. 857 00:44:17,600 --> 00:44:20,440 Those charts. Do you not think that if Disney 858 00:44:20,600 --> 00:44:24,280 could in some way, shape or form change those Beats Club and 859 00:44:24,280 --> 00:44:29,160 Boardwalk point charts, they 100% would, but they can't. 860 00:44:29,440 --> 00:44:32,440 They legally can't. So that is the value of buying 861 00:44:32,440 --> 00:44:36,160 Disney Vacation Club is those point charts are basically see, 862 00:44:36,520 --> 00:44:39,040 you know, they're sealed up so that it goes to the value. 863 00:44:39,040 --> 00:44:41,880 But now you see they're like, OK, we're going to build 1 now 864 00:44:42,120 --> 00:44:44,040 They ain't making that that same mistake. 865 00:44:44,040 --> 00:44:47,120 They kind of kept doing it with old Key West was insanely low 866 00:44:47,120 --> 00:44:49,240 and they're like, wait a second, maybe we should make the next 867 00:44:49,240 --> 00:44:52,360 one a little bit more and now and so forth and so forth. 868 00:44:52,360 --> 00:44:55,480 So and it's. Worth noting, this is a this is 869 00:44:55,480 --> 00:44:59,120 a one time problem that Disney Vacation Club have have backed 870 00:44:59,120 --> 00:45:03,360 themselves into because if you, you know, I'll, I'll put this up 871 00:45:03,360 --> 00:45:05,440 on the screen again. If you look at all of the other 872 00:45:05,440 --> 00:45:09,040 resorts, all of the other expiration dates are staggered. 873 00:45:09,040 --> 00:45:12,960 So what they learned very quickly is that they needed to 874 00:45:12,960 --> 00:45:17,080 make these, you know, 50 year contracts based off of the year 875 00:45:17,080 --> 00:45:21,640 that the property was built. And so those numbers just extend 876 00:45:21,640 --> 00:45:25,680 outwards just like cabins at Fort Wilderness as a 2075, you 877 00:45:25,680 --> 00:45:28,280 know, that's a 50 year contract essentially from the first year 878 00:45:28,280 --> 00:45:31,280 that it'll be a fully converted resort. 879 00:45:32,080 --> 00:45:37,200 And those decisions, you know, were methodical because they 880 00:45:37,200 --> 00:45:39,600 don't want to get themselves into this situation again, 881 00:45:39,600 --> 00:45:44,040 because this is where for me, my theory with what they're going 882 00:45:44,040 --> 00:45:48,520 to do comes into play is because I don't see how they function 883 00:45:48,520 --> 00:45:50,640 with so many resorts going offline. 884 00:45:50,640 --> 00:45:54,800 If we just specifically look at Walt Disney World, you've got 885 00:45:54,800 --> 00:45:58,560 beach club, you've got Boulder Ridge, you've got Boardwalk. 886 00:45:59,160 --> 00:46:02,600 And then you have the old I, I, I will remove old Key West 887 00:46:02,600 --> 00:46:05,120 because they have their old own problem that they're going to 888 00:46:05,120 --> 00:46:06,880 have to deal with over there. It's like half. 889 00:46:07,600 --> 00:46:10,600 But it yeah, it'll it'll. Old Key West will have its own 890 00:46:10,600 --> 00:46:13,120 problem that they'll significantly have to deal with. 891 00:46:13,520 --> 00:46:18,400 But you know, just looking at unless they unless they make 892 00:46:18,400 --> 00:46:21,320 sure that they sell out of Alani and all their other points 893 00:46:21,320 --> 00:46:25,240 before 2042 so that they can then offer three resorts at once 894 00:46:25,840 --> 00:46:28,440 because they're doing that now. Let's be honest, they're they're 895 00:46:28,440 --> 00:46:30,520 offering at least three different properties at Walt 896 00:46:30,520 --> 00:46:32,680 Disney World now. So it's not unheard of that they 897 00:46:32,680 --> 00:46:35,280 could potentially try to sell all three properties at once, 898 00:46:35,560 --> 00:46:38,120 but it would take some time. And also you would imagine that 899 00:46:38,120 --> 00:46:41,240 they would have to take these resorts offline for maybe a year 900 00:46:41,400 --> 00:46:44,280 to two years to fully refurbish them. 901 00:46:44,480 --> 00:46:46,280 I mean, we know the refurbishments that like 902 00:46:46,400 --> 00:46:49,960 Boardwalk just got, but if you look behind, you know, the walls 903 00:46:49,960 --> 00:46:52,760 in Boardwalk, there's a lot of stuff that they need to do. 904 00:46:52,800 --> 00:46:56,040 So, you know, are they going to demo portions of these resorts? 905 00:46:56,040 --> 00:46:59,360 Are they going to add a tower in the middle of, you know, Beach 906 00:46:59,360 --> 00:47:03,280 Club that extends the number of rooms that they're able to sell 907 00:47:03,280 --> 00:47:04,360 there? You know, all of these things 908 00:47:04,360 --> 00:47:07,480 are, are potential things that they can do in 2042 to then flip 909 00:47:07,480 --> 00:47:10,440 and resell. For those reasons. 910 00:47:11,200 --> 00:47:16,200 I wonder if and Panda, I, I will pose this to you because you 911 00:47:16,200 --> 00:47:17,760 kind of asked this question earlier. 912 00:47:18,920 --> 00:47:22,480 If you were offered, let's say that you own a 2042 contract 913 00:47:23,400 --> 00:47:26,160 five years or so before that contract expires. 914 00:47:26,160 --> 00:47:30,640 What if Ioffer you a a 15 year extension that takes it out to 915 00:47:30,640 --> 00:47:35,360 2057? But it's kind of a flex 916 00:47:35,360 --> 00:47:38,840 membership almost say the Palmetto Trust for example. 917 00:47:38,840 --> 00:47:42,400 It's a trust membership in which your points are now able to be 918 00:47:42,400 --> 00:47:46,480 used at 3 or 4 different properties. 919 00:47:46,520 --> 00:47:50,800 Beach Club, Boardwalk, Boulder Ridge, perhaps if they don't 920 00:47:50,800 --> 00:47:54,320 sell them off these other 2042 properties, Hilton Head at Vero 921 00:47:54,320 --> 00:47:59,320 Beach based off of a certain parameter and timeline of 922 00:47:59,320 --> 00:48:03,480 knowing that this resort is going offline at this period of 923 00:48:03,480 --> 00:48:06,640 time, This resort is going offline at this period of time. 924 00:48:06,640 --> 00:48:08,320 So they're solving 2 problems at once. 925 00:48:08,640 --> 00:48:12,000 Essentially what they're doing is they're allowing themselves 926 00:48:12,000 --> 00:48:15,440 more time to maybe take one resort offline at a time. 927 00:48:17,000 --> 00:48:20,400 And they know that only a certain percentage of owners are 928 00:48:20,400 --> 00:48:23,280 actually going to buy into this 15 year extension. 929 00:48:23,480 --> 00:48:25,720 But they're allowing themselves the ability to take one resort 930 00:48:25,720 --> 00:48:30,800 offline, flip it, resell it, move to the next, flip it, 931 00:48:31,120 --> 00:48:33,560 resell it. And then once that 15 year 932 00:48:33,680 --> 00:48:39,880 period is done, then they have 4 beautiful new Disney Vacation 933 00:48:39,880 --> 00:48:42,760 Club resorts that they've either resold or flipped. 934 00:48:42,960 --> 00:48:46,840 And that's when your contract or kind of your extension contract 935 00:48:47,320 --> 00:48:49,840 expires. I think it solves for multiple 936 00:48:49,840 --> 00:48:51,520 problems. It's just whether people would 937 00:48:51,520 --> 00:48:55,440 kind of buy into that concept of I'm almost buying a 15 year 938 00:48:55,440 --> 00:48:58,720 extension for multiple properties, I'll do it. 939 00:48:59,560 --> 00:49:02,240 I I would be a no. Yeah, really. 940 00:49:03,000 --> 00:49:04,200 Yeah, if it doesn't function the. 941 00:49:04,200 --> 00:49:08,080 Way I'm used to all these years of DVC. 942 00:49:08,120 --> 00:49:10,560 No, it sounds too loosey goosey and too strange. 943 00:49:11,040 --> 00:49:13,720 Change it up on me like that. Yeah, I would have to really do 944 00:49:13,720 --> 00:49:15,920 a deep dive. But I just wanted to say back to 945 00:49:15,920 --> 00:49:18,280 what you were saying about how Disney leadership right now 946 00:49:18,280 --> 00:49:20,920 doesn't care because many of them won't be there in, you 947 00:49:20,920 --> 00:49:23,040 know, 15 years or whenever this happens. 948 00:49:23,280 --> 00:49:26,560 I think the same thing in 10 years from now when they revisit 949 00:49:26,560 --> 00:49:30,000 this, I think the whole PTSD that you guys feel from it will 950 00:49:30,000 --> 00:49:33,960 be long gone and extensions may be offered again because 951 00:49:34,120 --> 00:49:35,640 different leaders, the leadership's going to change 952 00:49:35,640 --> 00:49:38,480 three times by then. God only knows what can happen. 953 00:49:39,320 --> 00:49:41,040 Yeah, that's the same. Thing we see in the parks too, 954 00:49:41,040 --> 00:49:45,080 you know with with the expansions you know it's gone 955 00:49:45,080 --> 00:49:50,200 are the days of let's announce something because now now we're 956 00:49:50,200 --> 00:49:52,720 in the days of well we're thinking about this what do you 957 00:49:52,720 --> 00:49:55,720 guys think about that if you like it enough maybe we'll do it 958 00:49:57,040 --> 00:49:59,840 you know so I think I think we'll see feelers I think we'll 959 00:49:59,840 --> 00:50:02,960 see surveys all of that kind of stuff as we get closer to that 960 00:50:03,720 --> 00:50:05,960 yeah and another. Thing to just piggyback on to 961 00:50:05,960 --> 00:50:08,480 that too. I, I don't know, I, I, I think, 962 00:50:09,280 --> 00:50:13,520 I think that those ones that are adjacent to Disney World are, 963 00:50:13,520 --> 00:50:16,120 are still going to get flipped right at 2042. 964 00:50:17,320 --> 00:50:20,120 A couple years ago I maybe wouldn't have gone so hard with 965 00:50:20,120 --> 00:50:22,600 that, but they clearly have no problem. 966 00:50:23,680 --> 00:50:29,400 Selling multiple resorts. At the same time, and again I go 967 00:50:29,400 --> 00:50:33,280 back to, you know, they're selling old Key West for 165 or 968 00:50:33,280 --> 00:50:36,440 170 a point. New resorts are going for 235 969 00:50:36,520 --> 00:50:39,600 now like. They're going to want to make 970 00:50:39,600 --> 00:50:40,640 money. And they're going to want to 971 00:50:40,640 --> 00:50:43,240 make money fast. And so I just, I don't, I don't 972 00:50:43,240 --> 00:50:44,800 see an extension being in the cards. 973 00:50:45,200 --> 00:50:48,440 Maybe again, like I said, old Key West, but those other three 974 00:50:48,440 --> 00:50:52,600 like Boulder Ridge is such an easy Copper Creek 2 point O that 975 00:50:52,680 --> 00:50:57,520 I just don't see the necessity for them to extend that 976 00:50:57,520 --> 00:50:59,280 contract. Well, and. 977 00:50:59,360 --> 00:51:03,320 And and to your point, they also don't have problems right now 978 00:51:03,320 --> 00:51:06,640 selling a resort that's 10 years old as a brand new property. 979 00:51:06,640 --> 00:51:08,960 Again, that's what they're doing with the Polynesian. 980 00:51:09,200 --> 00:51:12,520 I mean, there's 11, yes, less years on that contract. 981 00:51:13,680 --> 00:51:17,960 And and and you know, it's, it's still selling as a new, as a 982 00:51:17,960 --> 00:51:19,080 new. Property right as. 983 00:51:19,280 --> 00:51:21,240 A new price. And if you're buying into the. 984 00:51:21,240 --> 00:51:26,000 Brand new Island Tower today it it's not 50 years from today 985 00:51:26,000 --> 00:51:30,880 that is still a 2066 contract for the Polynesian that the same 986 00:51:30,880 --> 00:51:35,280 thing that they just proved with Grand Floridian, Grand Floridian 987 00:51:35,520 --> 00:51:41,240 2064 contract. So we had Grand Floridian 2064 988 00:51:41,600 --> 00:51:45,600 then two years later the Polynesian added one. 989 00:51:45,920 --> 00:51:53,080 So 2068 that's Copper Creek, be interesting to see if we see do 990 00:51:53,080 --> 00:51:56,840 they flip more of Wilderness Lodge and add it to Copper Creek 991 00:51:57,600 --> 00:52:00,560 or or what they do Boulder Ridge to Copper Creek? 992 00:52:00,560 --> 00:52:03,120 And yeah, kind of. What do they do over there? 993 00:52:03,120 --> 00:52:07,160 Because I think that they, they've, they found a, a golden, 994 00:52:08,240 --> 00:52:12,360 you know, opportunity with kind of adding to these resorts and 995 00:52:12,360 --> 00:52:16,360 offering kind of that 40 year contract purchase option. 996 00:52:16,640 --> 00:52:19,200 So it'll be interesting to see what they do there. 997 00:52:19,200 --> 00:52:23,520 But I know we've kind of derailed in this show talked a 998 00:52:23,520 --> 00:52:28,360 lot about 2042. And because that is that is kind 999 00:52:28,360 --> 00:52:30,960 of the expiration date that if you are looking at Disney 1000 00:52:30,960 --> 00:52:33,440 Vacation Club, you do need to pay the most attention to 1001 00:52:33,440 --> 00:52:36,280 because it is the one that's coming up the the the quickest. 1002 00:52:37,200 --> 00:52:40,960 But I, I kind of end things by saying the same thing that I 1003 00:52:40,960 --> 00:52:44,120 said in our first Back to basic show where we would discuss 1004 00:52:44,120 --> 00:52:47,320 Disney Vacation Club where if this is a serious consideration 1005 00:52:47,320 --> 00:52:51,000 for you or if you do know what you're doing in 2042 or beyond, 1006 00:52:51,800 --> 00:52:54,640 then you know, talk to a Disney Vacation Club sales guide, 1007 00:52:54,640 --> 00:52:57,320 whether direct or resale, and engage them in those 1008 00:52:57,320 --> 00:52:59,720 conversations. Express might maybe concerns 1009 00:52:59,720 --> 00:53:03,240 that you have about a specific resort and its expiration date 1010 00:53:03,240 --> 00:53:05,480 and how maybe that affects you or your family. 1011 00:53:06,360 --> 00:53:09,360 Derek, I don't know if you have numbers on this, but average 1012 00:53:09,360 --> 00:53:12,920 Disney Vacation Club owner probably never sees the entire 1013 00:53:12,920 --> 00:53:16,280 life of a contract, do they? No. 1014 00:53:16,440 --> 00:53:18,480 I mean, honestly, it's pretty rare. 1015 00:53:18,480 --> 00:53:21,360 So when we see people that are looking to sell their old, old 1016 00:53:21,360 --> 00:53:24,960 Key West, you know, and you look at their contract number and 1017 00:53:24,960 --> 00:53:28,480 it's like, you know, 1003, you're like, holy cow, when did 1018 00:53:28,480 --> 00:53:30,400 you buy this? And they're like, oh, like 1991 1019 00:53:30,400 --> 00:53:32,880 or 1992. It pretty rare. 1020 00:53:33,080 --> 00:53:36,600 I think the average lifespan of a membership is somewhere around 1021 00:53:36,600 --> 00:53:39,760 and Paul, you might know too, I think it's somewhere around like 1022 00:53:39,760 --> 00:53:44,160 7 to 10 years or somewhere in, in that mix where families won't 1023 00:53:44,160 --> 00:53:46,840 all the time sit and say, so I don't care. 1024 00:53:46,840 --> 00:53:50,680 I want the one with the longest fee because I'm never going to 1025 00:53:50,680 --> 00:53:53,640 sell. And I know when you buy this, 1026 00:53:53,840 --> 00:53:56,880 you think I'm never going to sell it, but we sold for over 1027 00:53:56,880 --> 00:54:01,880 4500 contracts last year. Not every one of those 4500 1028 00:54:01,880 --> 00:54:05,120 contracts when they first bought it said, I can't wait to sell 1029 00:54:05,120 --> 00:54:07,720 this in 2024. Nobody said that. 1030 00:54:07,880 --> 00:54:10,680 But you know what, life happens. So life gets in the way. 1031 00:54:10,920 --> 00:54:13,880 For the most part when people sell, they're happy. 1032 00:54:14,000 --> 00:54:15,720 You know, I'm, they're like, God, you know what, we'd use 1033 00:54:15,720 --> 00:54:18,000 this, we'd love this. We tell the new owners, I hope 1034 00:54:18,000 --> 00:54:21,320 they love it as much as it's so cute when they do that because 1035 00:54:21,320 --> 00:54:23,560 it's like buying a house. They're like, Oh my God, our 1036 00:54:23,560 --> 00:54:25,240 kids grew up with this membership. 1037 00:54:25,600 --> 00:54:28,240 Other people might sell because, you know, in the case of divorce 1038 00:54:28,240 --> 00:54:31,000 or maybe a job loss or for whatever reason. 1039 00:54:31,280 --> 00:54:34,000 But I mean, thank God that there's an out for these people, 1040 00:54:34,000 --> 00:54:37,520 you know, to be able to, to sell it and recoup your funds because 1041 00:54:37,520 --> 00:54:40,400 I'm, I'm in in agreement with just about everything. 1042 00:54:40,400 --> 00:54:42,720 I think everybody said, I don't think there's going to be any 1043 00:54:42,720 --> 00:54:44,040 extensions. No way. 1044 00:54:44,320 --> 00:54:45,960 They ain't going to touch that with a 10 foot pole. 1045 00:54:45,960 --> 00:54:48,400 They're not going to do quick claim deeds and buybacks. 1046 00:54:48,400 --> 00:54:50,040 And do you want it? Do you not want it? 1047 00:54:50,040 --> 00:54:51,480 If you don't want it, you got to do this. 1048 00:54:51,600 --> 00:54:53,960 They ain't got time for that. So they're going to, I think 1049 00:54:54,040 --> 00:54:56,160 Bureau and Hilton Head I think will be gone. 1050 00:54:56,520 --> 00:54:58,640 So I think they will literally take that land and put up 1051 00:54:58,640 --> 00:55:00,760 whatever it is, they can sell it to whoever it is. 1052 00:55:00,760 --> 00:55:03,440 It's incredibly valuable property on both fronts. 1053 00:55:03,440 --> 00:55:06,120 I think those are gone. And I think just like Jeff said 1054 00:55:06,120 --> 00:55:09,600 and you guys kind of talked onto, I think they're just going 1055 00:55:09,600 --> 00:55:11,000 to take the Beach Club and Boardwalk. 1056 00:55:11,160 --> 00:55:13,800 Hey, you know what, we're going to, you know, demolish this half 1057 00:55:13,800 --> 00:55:15,280 of the resort. We're going to build new ones, 1058 00:55:15,560 --> 00:55:17,840 sell it as a brand new membership, however that's going 1059 00:55:17,840 --> 00:55:20,440 to work because that location can't be beat. 1060 00:55:21,280 --> 00:55:22,760 But yeah, it's going to be interesting. 1061 00:55:22,760 --> 00:55:26,400 But I tell people every day, if you're buying a 2042, plan on it 1062 00:55:26,400 --> 00:55:29,040 ending. Don't buy it in hopes that 1063 00:55:29,040 --> 00:55:31,880 Disney's going to do something. Don't buy it in hope that 1064 00:55:31,880 --> 00:55:34,320 there's going to be a super cheap extension down the road, 1065 00:55:34,320 --> 00:55:35,600 blah blah blah. Buy it. 1066 00:55:35,920 --> 00:55:39,200 Plan it ending in 2042. Yep. 1067 00:55:40,120 --> 00:55:42,800 We really want to hear your comments on 2042 Resorts because 1068 00:55:42,800 --> 00:55:45,320 I think this is going to be more and more of a conversation over 1069 00:55:45,320 --> 00:55:47,280 the over the next 15 years or so. 1070 00:55:47,920 --> 00:55:50,880 And hopefully we're here kind of enjoying this journey with you. 1071 00:55:51,200 --> 00:55:54,680 And, and you know, in seven to 10 years, we haven't sold all of 1072 00:55:54,680 --> 00:55:58,960 our Disney Vacation Club points, but but I think it's going to be 1073 00:55:59,000 --> 00:56:01,480 a topic that comes up in conversation more and more and 1074 00:56:01,480 --> 00:56:05,360 one that we focus on more. But let let us know in the 1075 00:56:05,360 --> 00:56:07,240 comments below. Like what are you thinking about 1076 00:56:07,240 --> 00:56:09,480 2042 resort, if you own one right now? 1077 00:56:09,480 --> 00:56:12,720 Has this been a conversation that you've had or is it kind of 1078 00:56:12,720 --> 00:56:16,440 like, you know what, yeah, these resorts expire, but I'm probably 1079 00:56:16,440 --> 00:56:18,480 never going to own it to term anyhow. 1080 00:56:18,480 --> 00:56:21,440 So it's not something that you've overly been concerned 1081 00:56:21,440 --> 00:56:23,240 about with your with your purchase. 1082 00:56:23,520 --> 00:56:26,440 But that's going to do it for this week's episode of the DVC 1083 00:56:26,440 --> 00:56:28,240 Show. We hope you enjoyed it and we 1084 00:56:28,240 --> 00:56:29,680 will see you next Monday.