Any news on Rule changes Buying Direct vs Resale?

[adminjedi]

After all the rumors, I expected some "official" news by now.

 

[lisaann1170]

I'm glad to see this post! I don't have an answer for you, only more questions.

I'm looking into purchasing DVC points for the first ime and hear references to "rumors" about buying from a reseller vs. Disney direct, but after hours on board, I can't find specific rumors. What's the concern?

 

[adminjedi]

Hints and concerns that usage rules for re-sale contracts may change.

 

[ChiSoxKeith]

Sometimes, rumors are just rumors.

 

[CMOORE185]

Sometimes, rumors are just rumors.

This is usually my same feeling on rumors like this, but I believe Jim Lewis himself said there was going to be some news on this subject at the annual meeting.

 

[auntsue]

When is the annual meeting?

 

[WilsonFlyer]

This is usually my same feeling on rumors like this, but I believe Jim Louis himself said there was going to be some news on this subject at the annual meeting.

And several prominent posters here stood right there at the meeting and heard him say it, including the main man, WebmasterDoc.

These are facts and they are beyond dispute. This was not a rumor as rumors usually go around here. Whether anything will ever come of it is another horse of a different color but it doesn't change the fact that the statement was made by Jim Lewis.

 

[Jason@dvcstore]

After all the rumors, I expected some "official" news by now.

At The Timeshare Store, Inc.® we wish there would be some type of "official" news as well.

Jason

 

[Carmell226]

I talked to a DVC guide on Monday and I asked him about it. He told me that while there was no official word from Senior Management yet, that he was 95% sure that it would be happening and I quote "sooner rather than later".

 

[deerislemaine]

I thought that this rumor had finally been put to rest...

 

[erionm]

When is the annual meeting?

It was 12/9/2010.

 

[Sandisw]

And several prominent posters here stood right there at the meeting and heard him say it, including the main man, WebmasterDoc.

These are facts and they are beyond dispute. This was not a rumor as rumors usually go around here. Whether anything will ever come of it is another horse of a different color but it doesn't change the fact that the statement was made by Jim Lewis.

That's what I heard from someone as well. That some of the rumors out there were discussed and investigated but that some may not actual go through because after a lot of research it was decided not to follow through.

Now, I also read that some are still on the table so who knows what will happen.

 

[ChiSoxKeith]

And several prominent posters here stood right there at the meeting and heard him say it, including the main man, WebmasterDoc.

These are facts and they are beyond dispute. This was not a rumor as rumors usually go around here. Whether anything will ever come of it is another horse of a different color but it doesn't change the fact that the statement was made by Jim Lewis.

I would love to see the quote from WebMasterDoc regarding that. Because when reading through all of the condo meeting reports, everyone seems to be in agreement with the statement as posted by Tim over at DVCnews.com

•An owner with 1600 points questioned why DVC does not have any sort of loyalty program with extra benefits for high point owners. Jim Lewis stated that they are on the verge of announcing just such a product. While not revealing any specific details, he did state that members will be able to participate both via their own purchases and referrals of other buyers

So, if Tim's account is correct, Jim Lewis stood up there and said there was going to be a roll out of some kind of program to give tiered benefits for people who own larger amount. Nowhere did he say that they were looking into splitting membership by people who bought direct and people who bought resale.

And we've already seen that there is an layered incentive program for referrals. Not sure if that's new (since I'm new to DVC) but my guide emailed me about it yesterday.

 

[Dizny Dad]

. . . . These are facts and they are beyond dispute. . . . . . . . . .

But I can't handle the truth!

(Loved it!)

 

[Dean]

At The Timeshare Store, Inc.® we wish there would be some type of "official" news as well.

Jason

My guess is the resale companies are better off with the current uncertainty than any realities that might evolve but I know how hard it is for people not to know what to expect.

I talked to a DVC guide on Monday and I asked him about it. He told me that while there was no official word from Senior Management yet, that he was 95% sure that it would be happening and I quote "sooner rather than later".

There are 2 ways to take such info from the guides. One is they could use it to try to pressure potential buyers into signing meaning there's no basis for their statements and the other is that if a guide is HONESTLY telling you this, it means it's almost certainly a reality. Guides aren't normally going to get this info until it's pretty certain to happen. We'll see, I predict another long thread in the next year or so.

 

[RobDoc]

And several prominent posters here stood right there at the meeting and heard him say it, including the main man, WebmasterDoc.

These are facts and they are beyond dispute. This was not a rumor as rumors usually go around here. Whether anything will ever come of it is another horse of a different color but it doesn't change the fact that the statement was made by Jim Lewis.

Actually, I don't recall Jim Lewis (or anyone else) making any comment about changes for resale purchases. What I reported was his statement about a Tiered Loyalty Program.

While we are all still waiting to see what might officially be included in such a program, there were no facts presented at the Annual Meeting regarding resale purchases. I don't think "resale" was ever even mentioned. Unless/until something is presented to DVC members from DVD/DVC there is no official policy and any reported rumors are exactly that - rumors.

DVC has discussions all the time regarding ways to modify (hopefully improve) the program. The VAST majority of the suggestions resulting from these discussions never make it beyond that discussion and are never close to being implemented. Most of the internet rumors belong in that category.

 

[jennypenny]

My guess is that any benefits tied to a "tiered" program would only include points purchase directly from Disney in the total number used to calculate the tier. That way they could say they weren't really changing anything in regard to resales, just adding benefits to contracts purchased directly from Disney.

That's how I'd spin it if I were them. I suspect many, if not most, families that own DVC bought their first points from Disney. So they would still get some *new* benefits because they'd be in the first tier. Of course, I don't always agree with what Jim Lewis considers a *benefit* but that's another thread

 

[psac]

My guess is the resale companies are better off with the current uncertainty than any realities that might evolve but I know how hard it is for people not to know what to expect.

I would think just the opposite. In the "Rumors" thread that was like 10-20 pages long, a lot of people were saying they were waiting until this was sorted out to buy resale. Certainty either way would be helpful.

Personally, I'm in the camp that the laws (and basic common business practices) would prevent any substantial changes. That's why we went ahead with our resale purchase, that just cleared ROFR yesterday, by the way. (ps -- WOO HOO!)

 

[Dean]

I would think just the opposite. In the "Rumors" thread that was like 10-20 pages long, a lot of people were saying they were waiting until this was sorted out to buy resale. Certainty either way would be helpful.

Personally, I'm in the camp that the laws (and basic common business practices) would prevent any substantial changes. That's why we went ahead with our resale purchase, that just cleared ROFR yesterday, by the way. (ps -- WOO HOO!)

There are no legal or contractual restrictions to most of the issues discussed in that thread in spite of what one member here would like to think. The only think that is protected is home resort reservations and possibly club reservation options. Given that I expect the likely outcome is worse than many are thinking from a resale standpoint, I think the final product is likely to be worse than the uncertainty. Obviously it depends on the severity of the final outcome.

 

[WilsonFlyer]

Actually, I don't recall Jim Lewis (or anyone else) making any comment about changes for resale purchases. What I reported was his statement about a Tiered Loyalty Program.

While we are all still waiting to see what might officially be included in such a program, there were no facts presented at the Annual Meeting regarding resale purchases. I don't think "resale" was ever even mentioned. Unless/until something is presented to DVC members from DVD/DVC there is no official policy and any reported rumors are exactly that - rumors.

DVC has discussions all the time regarding ways to modify (hopefully improve) the program. The VAST majority of the suggestions resulting from these discussions never make it beyond that discussion and are never close to being implemented. Most of the internet rumors belong in that category.

I don't recall saying anything about "resale purchases" or anything else specific either. I was simply reiterating that you and others (I think I specifically remember DVCMike saying so too.) had said in that thread that you heard JL say that a program change with reference to loyalty was coming. Someone else above skewed what I said into the "resale" thing and I never said any such thing as far as I remember. That's why I said what I did over again.

All I ever meant to convey was the fact that you guys heard JL say that something was coming as far as some sort of "loyalty program". There seemed to be dispute earlier in the thread that the whole thing was a rumor implying that there was no tangible proof that any such thing ever existed or had been uttered. I guess that's what I was trying to put to rest. I guess I didn't do a very good job of it, did I? LOL

EDIT: I missed something VERY important and I see that now. I was talking in generalizations and I now see that the thread title was very specific with reference to resales. My apologies. I can see now how my statement would have been taken as a literal against the thread title. My bad and my apologies. Again, I was talking in generalizations with reference to something changing and nothing specific which is what I remember you guys saying. The thread was very general yet the title was very specific. I guess everybody caught that but me. I usually don't miss things like that but I certainly did this time for sure.



-bob