The Struggle is Still Real with DVC Add-on-itis

In this episode, the team discusses the most costly affliction that you can suffer by being a Disney Vacation Club owner - add-on-itis - and the search for new DVC contracts that you can add to your current collection.
Add-on-itis: The struggle is REAL!:
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[@kathleenhoban9630]

My family has 150 points, we make it work by combining yearly points every couple of years. Going to Aulani and WDW both this calendar year. We resist addonitis, by thinking about those DUES!

[@leegray7566]

On yesterday show you asked what Disney should bring back to DVC: Tables in Wonderland dining card, Annual passes, Coasters in the room, Disney Pen and paper, magic bands and DVC sliders for magic bands. No cost items but it can go a long way making DVC owners feel special again

[@DS-iq7cg]

As a fellow sufferer, I can attest that add-on-itis is real. Thanks for all you guys do. Great shows, great personalities, great content.

[@em4634]

I don't even own DVC yet and I have add-on-itis, LOL🤣

[@LARKXHIN]

same lol

[@michellebrill5328]

Me too!

[@MarkStephCT]

My wife and I have been members since 1998 and have 150 points at OKW. We both commented while watching this video that we can't relate with this addiction. We have never felt the need to buy more points. In fact, in some years we end up renting any excess points we can't use.

[@karenpetersen4293]

Add-on-itis hit my husband HARD after our First Welcome Home at Riviera. We went home and immediately bought another 50 points at Riviera, for a total of 200. I was thiiiiiiiis close to purchasing VGF2 when it was released, but the I discovered that the best cure for add-on-itis is calculating the total annual dues.

[@jackebbeler7876]

So I live in Indianapolis and have been to Disney with my kids probably 40 times. We’ve stayed at The Grand Floridian many times and now our home resort as a relatively new DVC member. Please bring back the orchestra! Such classy music to listen to late afternoons and early evenings. Just loved it! Now it’s gone. For heavens sake raise the prices on something else at The Grand Floridian but bring back the orchestra!! If you would bring this up in your great shows I’d be grateful. You are doing good work. Enjoy your weekly shows. We are out here watching.. Many thanks. Jack

[@ditkafan1]

Couldn't agree more Pete - our 4th resort is Riviera was far to easy to fall in love with! We bought 3x100 point contracts (split up for better resale value down the line if we ever needed to).

[@CaseyJasonFamily]

13 years with DVC, still with our 160 pts. Grateful for what we have and no add-on-itis

[@emailuser8668]

Are you able to stay at decent DVC resorts or with only 160 points are you limited to 2nd class hotels during off peak seasons? Any info you can share is appreciated, thanks.

[@levimachado]

If you combine 2 years you can get quite a vacation on 320 points

[@drookard1525]

We just bought a small BLT contract the end of 2021, kind of regretting it. Only because we wanted the new GF and now the new poly tower… it never ends.

[@emailuser8668]

Congrats to Pete W & the DVC Fan crew on reaching 20,000 subscribers. Pete also hosts DIS Unplugged on KZbin that deals with the Disney parks, which already has over 100,000 subscribers. Both have great content.

[@franklinmimi]

Pete, I love your colorful shirt. Enjoying the DVC Fan video now.

[@MikeOnTheHomestead]

6 months into my first contract, we have not added on yet but the itch is real....

[@grandadmiraldanno2145]

I have a framed (signed) print of every Larry Doston resort that i have ever stayed at... he needs to paint the Riviera!

[@thedadwars]

Love you guys but can we get a wide shot of the studio already? 😉

[@tutuluvsminnie7129]

Now is such a good time to get a resale contract. Many choices to choose from so you can easily get the Use Year that you need and the number of points you want at the resort you love. i checked across the DVC resale company alternatives - including direct from Disney- to get the right contract for me.

[@hooterwah00]

your majesty ...the queen of all add ons

[@frankcarney4882]

Paul if you remember, I had posted that I was able to borrow more the 50% for my 2023 Jan vacation, my points come in October. And that was 2 weeks ago and Disney had not cancelled my reservation yet.

[@rojuar1]

I haven't yet buy my first contract and already am suffering adonitis

[@DestinationTimeshare]

This doesn't only exist in DVC timeshares, but timeshares in general. We don't own DVC, but bought a Marriott timeshare back in the mid 2000s. We have since added on three more. Some people own dozens of weeks/points. The cost of DVC keeps us from buying and would probably keep us from the add-on-itis.

[@rgrmike1977]

It's real, it feels good to exploit, and it WILL lead to more vacations, lol. Great show guys

[@andreaornelas7455]

What a fun way to start the week. 😊

[@rauljcolon]

DVC members since 2018.. Learned so much by listening and watching your show. If there is one show I can relate to is this one. Just bought my 3rd contract Direct for GF. I would like to know if there is one resort right now that you recommend for points to stay which one would you recommend?

[@lpbigD4444]

My wife and I own 150 Riviera points and are just waiting for the poly tower to add on. She's much more conservative with money than I am so I think our dynamic is going to be me constantly trying to convince her we should get more points

[@jaysantos536]

I currently have 34 contracts and look to buy at least 5 to 8 each year. No big deal if you use them....or resell them. I've 9 contracts this year and made over $52K on them.

[@mikeamizzle]

Lol

[@rodrigochaves6562]

I would love to add more points, but I just can't afford it.

[@AspireToInspire_22]

A good topic for a future show would be step by step instructions on how to use your DVC points for Interval International II. Thanks!

[@richardsfaire]

I have the same 230 point contract at OKW that I purchased in 1992 and have never had to urge to buy more points. Part of the reason is I would never get the incredible price that I did back then. Another reason are the dues. What I don't use I rent out so I'm satisfied with the points I have.

[@krishanamcreynolds9724]

I love Larry Dotson! I have two of his resort pictures hanging on my wall.

[@larryqueen1638]

Been listening to all of the DVC content for about 2 years now. I am convinced to purchase, but I am still working on my wife. I think I may be able to convince her to buy direct with the new Polynesian tower. Crossing my fingers. Just moved to Four Corners this week. 🙌🏻

[@emailuser8668]

Since resale isn't an option with the new Pynesian tower, negotiate even demand concessions from DVC corporate to close the deal like 5 to 20% off the contract price.

[@ginafriebel2568]

Great show. I would love to hear how you manage owning different contracts. What are things that might get in the way when trying to book a trip using points from different resorts? What does it look like in your account or do you have a different page for each? It sounds confusing and it is what keeps me from buying more. Keep up the good work!

[@elizabethwarren4736]

I came here to write the same thing. As a new DVC member I have so many questions about how having more than 1 contract works

[@hm4704]

I only have one contract. But I did learn that it is easiest/less confusing if you make sure that the “use year” (month) is the same on each contract.

[@jodigross2776]

@@elizabethwarren4736 feel free to reach out directly, I’d be happy to discuss in detail.

[@steveseattle140]

New car and DVC contract? Both at 10% interest?

[@courtneyspencer6654]

My addonitis for having a 2nd kid gets in the way of having DVC addonitis lol

[@aklevah1]

Second Week in a row with no Fiasco. Did I miss something, is he gone?

[@mutley0130]

It helps to avoid it if you're poor

[@jeremyclark12]

Another great show! Good ideas on justifying that add-on! Keep it up!

[@limpfinger12]

I'm not draining my 401k, but I am borrowing from there to add on! I'd rather enjoy that money now than when I'm probably dead prior to retirement 🤣

[@dee_mcgee11]

Saw Pete at the Patreon meet-up and he mentioned I would be catching addonitis.

[@ChicagoPaul76]

That would make a great fundraiser, like how many gumballs in this jar instead how many points does Pete have. $5 a guess, closest after DisCon wins something.

[@atropos0754]

I’ve added on 4 times…., I think I’m done?

[@adamk.6792]

I'd love to just get into DVC. I've been sitting in ROFR for 63 days now. 😕

[@markreynolds9135]

I think resale companies need to adjust their statements regarding Disney’s ROFR. Many say the average is 30 days but I am seeing many more situations where people are waiting 45 to 70 days which is a far cry from 30.

[@scottwilliams1255]

Something sounds wrong. Call your realtor. They should be reaching out to disney for you.

[@knappydiscgolfer1]

At what point will the 2042 resorts start dropping in price? We are about to be inside 20 years left. And, it just seems like they’ve got to, at the very least, stopping going up.

[@chaleej5571]

Yeah, that makes sense but it's hard to say. I agree with the pessimists that expect all the prices to drop a bit as the economy gets bumpy later this year - but my crystal ball isn't as good as Madame Leota's...

[@eggnogaddict6287]

DVC, as a whole, is collapsing in price. Grand Cal was $300, now $260-270. Bay Lake was $200 last year, now $160-170. Real estate in general is going to collapse with 5-6% sustained mortgages, and it’s just getting started. Inventory is piling up. Watch the Moving to Orlando show. New builds with buyers under contract a year ago at 3% rates can’t get approved at closing for 5.5% because the payments are too high. That’s resulting in brand new homes being dumped onto the market in a panic to get top dollar. Used to have a dozen offers with $50k above ask. Now you get one offer at ask. It’s all collapsing. What’s scary is many people who locked in at 3% are sitting in homes they couldn’t afford at 5.5% rates. Which means there are a lot of people stretched to the max who bought homes during the frenzy the past 2 years who are seeing $4-5-6-7 gas and every other price going up squeezing their budgets. Long story short, this is why DVC is a severe buyers’ market. It’s the pinnacle of discretionary real estate spending, and people are dumping contracts because they can’t afford their normal lives. Plus you have DVC direct selling the most resorts concurrently ever. Riviera, Poly, Aulani, Grand, Disneyland Hotel, it’s too much supply.

[@catshepherd3102]

I’m struggling with the desire to buy a contract with the upcoming Disneyland Hotel opening. I keep asking “when is it going on sale?!?”

[@sheilaa1333]

Same! But I’m in CA so it’s much easier to justify. 😁

[@bridgettturner7787]

Me too!

[@catshepherd3102]

I’m in Oregon 😉

[@LisaAnn365]

Wait. What? A borrowing restriction?

[@chaleej5571]

Yeah, you can only borrow 50% of the next use year allocation of points. Started during the pandemic after the closures - too many points chasing too few villas right now... Restricting borrowing is an effort to balance the system.

[@tommyoliveira1237]

Hi I hope some one here might be able to answer. First off love the show great info. My ? / problem is I have a scheduled vacation in August. Because of the 50 percent rule I had to pay for a room on our first night as i ran out of usable points. Do you see DVC relaxing the 50 percent borrow rule any time soon?? Any insight would be great. Thank you

[@tommyoliveira1237]

Ok 15 minute mark answered my ? Thank you

[@eggnogaddict6287]

You could always buy up to 24 DVC rental points per year from Disney if you just need a few points to get by (at like $17-20 a point I believe). Or you can rent points from DVC Rental Store. No insight into when they will relax the 50%; speculation would be for 2023 as the 50th crowds will dissipate and you are beyond the pandemic bank/borrow effects so demand should subside.

[@ziggy4465]

Add-on itis is something we have yet to experience. We have been blue card DVC members since 2002. We have had many vacations using our points (whether we went to theme parks or not). One year we spent 12 days at DBV in a one bedroom villa (we had banked and borrowed points for that one, but no points purchased for the stay). Our home resort is DBCV and we only have 150 points. We have stayed at DBCV, DBV, DHHIR, OKW, DSSR, DWL, and BLT. Sometimes it’s a one night stay and sometimes it’s a full vacation. We had thought about adding several times, but life has always gotten in the way. Getting ready for retirement (8 years at the most), adding on is looking more and more like a possibility. We’ll have to see how well my 401k performs over the next few years.😁

[@sheilaa1333]

I’m in the same boat. I have enough for a week every other year at VGF (longer in summer) which is enough for now, but I keep dreaming about retirement in 3-5 years and I’m itching to buy more. Thankfully (?) wanting Disneyland Tower next year (because we’re in CA) has kept me from taking the leap just yet. But once that is purchased I’m in trouble... 🙄

[@elplata7224]

Lol! Another one Pete!

[@morgonz]

I just do not understand this add one itis from the point of view or an Orlando resident. All you guys on the panel live in Orlando and have your own home. It may be an hour drive to the parks, but still it does not make sense to me. Only Aulani makes sense in that regard. For all of us that live in another state is another matter altogether. The add on itis is real.

[@andreaschumacher9418]

Did you watch the show? Amy talks about this at 21:59 why they need points as locals. I think they live an hour away.

[@eggnogaddict6287]

It should be noted how DVC resale prices hit a wall in May 2021 coinciding with the peak in lumber prices (as a result of new builds for real estate booming and peaking). DVC is a discretionary real estate purchase, and the market stalled big time last May. In May 2020, you saw Bay Lake contracts in the $160s. They jumped to almost $200 by May 2021. Today, May 2022, Bay Lake contracts are back to May 2020 levels of $160s. The people who panic bought in early 2021 will never get their initial investment money back, unless of course the Left’s inflation continues at 10% a year so that nominal dollars are worth nothing. So people who bought DVC a year ago could be down -20% or more, and bought them thousands of dollars cheaper if they had only waited a year. My thoughts are DVC has a deluge of supply coming online where they will be selling, concurrently, multiple direct options. That combined with people forced to sell their contracts as fuel prices rise and airline tickets are unaffordable costs added in, it’ll be a buyer’s market for a good while in DVC world. Interest rates are rising so real estate will be garbage anyway. Yes, I know, people in 1980 had 15% mortgages. Their homes were also $70,000 and not $470,000. Big difference.

[@chaleej5571]

Yeah, a lot of people wished for recession when they saw the lower prices paid in the Great Recession 15 years ago. They might be getting their wish... We'll see how layoffs, gas prices and inflation affect Disney travel and DVC specifically... Could definitely mean DVC deals and small crowds at the parks for the people who can still afford it.

[@emailuser8668]

Well said!

[@markthorsen2888]

I predict huge changes in the coming months. Disney's current attitude of greed over customer experience will not allow money to be made off of DVC contracts without them getting "their" share.

[@JLT3]

You have 600+ right? 😆

[@bettyannerisley943]

Can I be your sister. It has nothing to do with your awesome DVC.Absolutely nothing.😉

[@Imzadi]

Y’all sound like a bunch of addicts 😂