We are still in the consideration stages ourselves. We would only look at resale due to the cost, but one concerning thing to me is that Disney reserves the right to change their terms at any time.
That is correct, for the most part. Basically, all you are guaranteed is the right to reserve lodging at your home resort...subject to availability, of course. OTOH, that's all DIRECT purchasers are guaranteed as well. It's important to understand that those things direct purchasers
currently have access to can be taken away with one swipe of the Mouse's pen...just like they were from resale buyers.
The ability to change just about anything is typical of most timeshare systems -- DVC is no outlier in that respect.
Also, I find the excitement about resale restrictions pretty amusing in light of the changes they have made to
everyone's DVC. The restrictions/changes on transfers, banking, and points allocations have been much more important (IMHO) than eliminating a bunch of junk nobody would have really used anyway!
To my knowledge, it was only recently (within the last 1-2 years?) that Disney placed limitations so that resale contracts could not book
DCL, ABD and non-DVC resorts.
That's correct, although some of us think they did resale buyers a
favor by imposing those restrictions. Two reasons: 1) those options are so expensive point-wise that they are awful uses of points anyway, but more importantly 2) the restrictions force purchasers to think about what is
really important about timeshare ownership -- using it within the internal system of that program.
It makes me nervous to think about what else Disney might restrict for resale owners, especially if direct sales start to decline.
There are things they could do, but I think we overestimate the importance of resale with regards to DVC's direct sales. From a prospective purchaser's perspective, resale is very important because significant savings are possible via that route. For the developer, however, resale is pretty much of a non-issue, IMHO.
The vast majority of DVC direct purchasers have no idea a resale market exists. They are at WDW on vacation, get swept up in the pixie dust, and take a tour. And they buy. It's an impulse purchase of a good product which works out fine for many families. Maybe not the smartest financial decision they've ever made, but it works out okay.
I don't think the DVC timeshare sales personnel need to worry about resale. What they need is
something to say to minimize the attractiveness of resale -- and the current restrictions (even though I think those options are worse than useless) give them enough to
say to their uninformed target market.