LONE-STAR 370 Posted February 21, 2012 Report Share Posted February 21, 2012 Had this emailed to http://realestate.yahoo.com/promo/living-large-in-a-new-disney-home.html Quote Link to post Share on other sites
HappyCamper...Deb 61 Posted February 21, 2012 Report Share Posted February 21, 2012 ...If each fiend donates $100,000, we may have a homemade timeshare thing going. Quote Link to post Share on other sites
BradyBzLyn...Mo 2,023 Posted February 22, 2012 Report Share Posted February 22, 2012 So pretty and shiny!!!Cool article - thanks for sharing it. Quote Link to post Share on other sites
Starbuc71 162 Posted February 22, 2012 Report Share Posted February 22, 2012 once again, can we all say "Cash Cow"? Quote Link to post Share on other sites
BradyBzLyn...Mo 2,023 Posted February 22, 2012 Report Share Posted February 22, 2012 Oh I think this one is a Cash Elephant! Quote Link to post Share on other sites
Lou... 3,118 Posted February 22, 2012 Report Share Posted February 22, 2012 Cash whale! Quote Link to post Share on other sites
Tri-Circle-D 2,059 Posted February 22, 2012 Report Share Posted February 22, 2012 Wow, is all I can say.The article says that they don't expect these to be the primary residences of the people who buy here. More likely it will be their second or third home.Wow.The thing I find interesting, and I've mentioned it before, is that when this development was announced, the information provided was that the land was sold to a third party developer, and would be developed indepently of the Disney company. Now, this is clearly being marketed as being a part of Walt Disney World, all the way down to including park admission with the purchase price. Smart, but a massive shift from where this started out.I think ultimately this will be a big success for Disney, as there are definitely people who can afford this type of extravagance. I still say that if Walt was buried in a grave, he would be rolling over in it.TCD Quote Link to post Share on other sites
mikeymouse1 25 Posted February 22, 2012 Report Share Posted February 22, 2012 I wonder if the property owners will be able to rent there properties out? That is what lots of people do with summer homes in the mountains or at the beach Quote Link to post Share on other sites
BradyBzLyn...Mo 2,023 Posted February 22, 2012 Report Share Posted February 22, 2012 The article actually says that "short term" rentals are prohibited. I guess that means they can't rent the place out for a week or 2, but I wonder if they are able to rent for a few months if they're only planning to be there a certain time of year? Quote Link to post Share on other sites
PureTcrazy...rita 380 Posted February 23, 2012 Report Share Posted February 23, 2012 I would think that people who can own homes like that as a second or third residence, won't be worried about having a rental income. They would probably let important clients, friends or family use it though! Quote Link to post Share on other sites
BradyBzLyn...Mo 2,023 Posted February 23, 2012 Report Share Posted February 23, 2012 I agree, Rita. The article suggests that the "no short term rental" clause was to prevent the not super wealthy 2nd/3rd home people thinking they could purchase the home as an "investment" and then rent it out regularly to random people to recoop their $.I could definitely see people doing that - in fact you could make quite a snazzy little business for yourself in the "luxury Disney rental" business. Sounds like Disney thought of that and wanted to make sure the community was definitely "owner based" and not just another transient rental community where people are likely to not treat the place as well because they're just there for a short time and it's not theirs. Quote Link to post Share on other sites
mikeymouse1 25 Posted February 24, 2012 Report Share Posted February 24, 2012 I just hope they don't do like they did with Celebration and sell out. Sense it's in the heart of the WDW resort Quote Link to post Share on other sites
Just Whipperwhirl 24 Posted February 29, 2012 Report Share Posted February 29, 2012 I still rather live at the Fort. Quote Link to post Share on other sites
SCTigerCock 171 Posted February 29, 2012 Report Share Posted February 29, 2012 TCD,I remember mentioning that. I went back to the annual reports and noted no changes in acreage owned at WDW by Disney. Just throwing this out there to ponder, but if Disney did truely sell acreage wouldn't they risk losing control of that property. And also risk there inherit control of RCD? Quote Link to post Share on other sites
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