Announced in dashboard notifications

[wishicouldgomoreofte]

!!!!Update to Disney Vacation Club Resort Access for Contracts Not Purchased Directly from Disney!!!!

Effective January 19, 2019, only Members who purchase directly from Disney will be able to use their Vacation Points at the 14 existing Disney Vacation Club Resorts or future Resorts—such as Disney’s Riviera Resort or Reflections – A Disney Lakeside Lodge. Resale contracts purchased for the existing 14 Disney Vacation Club Resorts will only be able to exchange Points into those 14 Resorts.

This change does not apply to contracts purchased prior to January 19, 2019. Contracts gifted to family members will continue to have the same Resort access as before the ownership transfer.

The eligibility rules for Membership Extras and RCI access remain unchanged.

The Buena Vista Trading Company Disclosure Guide has been amended accordingly.


Sorry if this is already posted.
This is the official language.
I have enough points, but always wanted to buy AKV.
That is out now, as well as selling (it will certainly deflate prices quickly).
I don't Understand how "Resale contracts purchased for the existing 14 Disney Vacation Club Resorts will only be able to exchange Points into those 14 Resorts." would work.
How would they EXCHANGE into DVC resorts?

 

[Networth]

Many current discusstion about this going on in other threads. You may find more answers in those.

 

[CarolynFH]

!!!!Update to Disney Vacation Club Resort Access for Contracts Not Purchased Directly from Disney!!!!

Effective January 19, 2019, only Members who purchase directly from Disney will be able to use their Vacation Points at the 14 existing Disney Vacation Club Resorts or future Resorts—such as Disney’s Riviera Resort or Reflections – A Disney Lakeside Lodge. Resale contracts purchased for the existing 14 Disney Vacation Club Resorts will only be able to exchange Points into those 14 Resorts.

This change does not apply to contracts purchased prior to January 19, 2019. Contracts gifted to family members will continue to have the same Resort access as before the ownership transfer.

The eligibility rules for Membership Extras and RCI access remain unchanged.

The Buena Vista Trading Company Disclosure Guide has been amended accordingly.


Sorry if this is already posted.
This is the official language.
I have enough points, but always wanted to buy AKV.
That is out now, as well as selling (it will certainly deflate prices quickly).
I don't Understand how "Resale contracts purchased for the existing 14 Disney Vacation Club Resorts will only be able to exchange Points into those 14 Resorts." would work.
How would they EXCHANGE into DVC resorts?

To answer your question, they would exchange into DVC resorts the same way all owners do now - when the 7-month window (or whatever window if it changes) opens they could book a non-home resort. They just couldn’t book Riviera or Reflections or any later resorts.

When you book a non-home DVC resort you are exchanging your home resort points into the non-home resort.

 

[Frederic Civish]

Where are some of the other current discussion threads that are covering this?

Could someone list those here?

 

[Madame]

Where are some of the other current discussion threads that are covering this?

Could someone list those here?

https://www.disboards.com/threads/m...14-resort-access.3727788/page-4#post-60111497
https://www.disboards.com/threads/price-increases-mid-january.3727558/page-12#post-60111494

 

[Frederic Civish]

I know someone in the process of buying a contract. They have done ALL of their part, but are waiting for it to be finalized by the seller and broker. I told them to call their broker. Their broker said that the Cut-Off date of Jan 19th is the date that applies to ROFR date, so I expect that a lot of people who are just thinking about it are going to jump in and make offers and get the ball rolling right now.

 

[wishicouldgomoreofte]

To answer your question, they would exchange into DVC resorts the same way all owners do now - when the 7-month window (or whatever window if it changes) opens they could book a non-home resort. They just couldn’t book Riviera or Reflections or any later resorts.

When you book a non-home DVC resort you are exchanging your home resort points into the non-home resort.

Thank you. I took exchange to mean like an RCI exchange to get into a DVC resort--that they would have to wait and try for the slim pickings of people who made a deposit into RCI. That would remove all incentive to buy resale, which is, of course, DVD purpose.
So you are saying new resale buyers would be able to book into all 14 existing resorts, just not new ones?
That is not alarming. Boy did I read that differently!

 

[CarolynFH]

Thank you. I took exchange to mean like an RCI exchange to get into a DVC resort--that they would have to wait and try for the slim pickings of people who made a deposit into RCI. That would remove all incentive to buy resale, which is, of course, DVD purpose.
So you are saying new resale buyers would be able to book into all 14 existing resorts, just not new ones?
That is not alarming. Boy did I read that differently!

That’s how I read it - they’re not changing the way things work for resale buyers of the first 14 resorts. They’re only changing the way things work for resale buyers in regards to the new resorts starting with Riviera. Of course, a lot is unknown about that, all we have is a lot of speculation and educated guesses.

 

[DSLRuser]

I have no problem with this change. I am for what ever gives me more value for buying direct vs resale.

 

[JohnGypsy]

I have no problem with this change. I am for what ever gives me more value for buying direct vs resale.

As long as you're not looking for "more value for buying direct" at Riviera or any other new resort. Because then you're LOSING value when it comes to resale value.

No one is going to want to buy resale-market Riviera because then they will be locked into ONLY Riviera.

People thinking that this change doesn't affect them because they only buy direct are missing a big part of the picture. One day you'll might want to sell -- and this will destroy that resale value.

 

[DSLRuser]

No one is going to want to buy resale-market Riviera because then they will be locked into ONLY Riviera.

I see this as adding value to my original 14 contract. yes...riviera resale people will be screwed. but those with original 14.....buy our resale and you get access to more for your money.

 

[JohnGypsy]

I see this as adding value to my original 14 contract. yes...riviera resale people will be screwed. but those with original 14.....buy our resale and you get access to more for your money.

Ah, got ya. I took when you said wrong when you said "value for buying direct". I thought you were looking for more value for buying direct going forward -- not for already purchased stuff.

 

[Marionnette]

I have no problem with this change. I am for what ever gives me more value for buying direct vs resale.

As a direct owner, you do enjoy the benefits that resale buyers don't have. But when (if) you go to sell any of those direct contracts, they have no more value than when a resale owner sells theirs. Every owner should be concerned about the way this decision affects the resale market. While it may be your intention to hold your contacts until the day they expire, life happens and you could find yourself in a position where you must sell.

 

[Woody412]

I see this as adding value to my original 14 contract. yes...riviera resale people will be screwed. but those with original 14.....buy our resale and you get access to more for your money.

This potentially lowers the resale value for all owners. Yes it will lessen the resale value of the new resorts most of all, but it will also hurt owners of the original 14 as anyone buying their resale would not have access to any of the new resorts.

 

[crvetter]

This potentially lowers the resale value for all owners. Yes it will lessen the resale value of the new resorts most of all, but it will also hurt owners of the original 14 as anyone buying their resale would not have access to any of the new resorts.

This absolutely true but will only get more evident as newer resorts come online that can compete with the "legacy" resorts. However, I suspect people that own at VGF, BLT, PVB, BCV, BWV (to a lesser extent BRV & CCV) will always command a premium because as it stands they simply have the best locations and that can't be changed (unless Disney gives up on MK, Epcot, and DHS). I think eventually resale buyers will buy those with the intentions of really only using it there. I know the monorail is aging but I do imagine Disney will do something to rectify it in some fashion and even if they didn't BLT, walk to MK, and PVB/VGF walk to TTC which is the main transportation hub and have boat transportation.

Since BLT, PVB, and VGF all have many years left it will be a while before the legacy resorts ever have a resale issue for those previous mentioned resorts. It is potential the other resorts (in particular Aulani, HH, and Vero) will drop when a few new resorts come online, especially if gets harder and harder to book at 7 months at WDW (and people notice that).

I would personally consider a direct purchase in DVC2 (or whatever they phrase it as) once a couple more resorts come online. But I would only ever purchase direct into a resort near a park, limiting the impact of resale (I mean who buys BCV resale with the intention of not staying there mostly). There is space at Epcot and MK for a park super close but those are years down the line (5-10+) with Riviera then Reflections coming online first. At that point BCV and BWV expire in 10 years about so I'm sure Disney if DVC is still a cash will flip those resorts over in about a years time (possibly less). A quick rebuild of the interior is all that would be really needed.

 

[JohnGypsy]

This potentially lowers the resale value for all owners. Yes it will lessen the resale value of the new resorts most of all, but it will also hurt owners of the original 14 as anyone buying their resale would not have access to any of the new resorts.

"POTENTIALLY" being the main point there. They aren't losing access to anything that they had previously. So, smart resale buyers (and I think they do tend to be smarter than many direct buyers when it comes to the amount of research that they do before buying), will likely recognize that the best deal is still buying from the Original14 which access to all of the Original14. I don't think we know at all that it "WILL also hurt owners of the original 14."

EDIT: Note that I am talking about now and for the next 10 years or more. As we get closer to expiration -- and as more yet-unannounced locations MIGHT be built -- then we might see more of an impact.

 

[Woody412]

"POTENTIALLY" being the main point there. They aren't losing access to anything that they had previously. So, smart resale buyers (and I think they do tend to be smarter than many direct buyers when it comes to the amount of research that they do before buying), will likely recognize that the best deal is still buying from the Original14 which access to all of the Original14. I don't think we know at all that it "WILL also hurt owners of the original 14."

EDIT: Note that I am talking about now and for the next 10 years or more. As we get closer to expiration -- and as more yet-unannounced locations MIGHT be built -- then we might see more of an impact.

Without a doubt buying one of the originals will be a better deal than buy one of the new resorts, but buying one of them a week ago would be an even better deal. And buying 3 years ago would’ve been even better.

Keep in mind, we bought ours a year ago and paid more than we would have 3 years ago for less access. So as with most things, and my wife especially loves to point this out, I am probably wrong.

 

[JohnGypsy]

Agreed -- but I still maintain that, at this point, it doesn't really mean that this change will significantly "hurt owners of the original 14" as far as value goes.