Any word on July 2022 Direct Sales?

[BeachClub2014]

I bought in October 2019 and it was a paper to sign so I am sure you did. But we didn’t have to do a call with QA..but maybe that is because we also told our guide we knew about them.

I double-checked and there is no document or paper that addresses resale restrictions in my packet. The only thing that I could find is this clause in the Product Understanding Checklist:

"DVD has reserved the right to prohibit or limit persons who do not purchase an Ownership Interest directly from DVD from participating in other aspects of Club membership or benefits, including prohibiting or limiting access to other DVC Resorts. Such prohibitions, restrictions, limitations, or changes may adversely affect your ability to resell your Ownership Interest or at a value that you might seek."

Maybe they've dropped that form since 2019?

 

[Brian Noble]

I'm constantly surprised by the almost weekly posts about DVC as a pseudo-investment, "exit strategies", etc.

Those folks are all more than two sigma. At best. (And yes, I paint myself with that brush).

 

[DonMacGregor]

Those folks are all more than two sigma. At best. (And yes, I paint myself with that brush).

It's all good. We just try to keep you away from "time use of money" debates...

 

[BeachClub2014]

Those folks are all more than two sigma. At best. (And yes, I paint myself with that brush).

Maybe it just helps them sleep better at night?

 

[Brian Noble]

It's all good. We just try to keep you away from "time use of money" debates...

I'm trying to keep myself away from those. It's not good for my emotional sobriety.

Maybe it just helps them sleep better at night?

Us. Helps us sleep better.

 

[BeachClub2014]

It's all good. We just try to keep you away from "time use of money" debates...

Or when people like me make your head explode when I say that the math doesn't matter to me. We bought what we did because we like it and can afford it. LOL

 

[BeachClub2014]

I'm trying to keep myself away from those. It's not good for my emotional sobriety.


Us. Helps us sleep better.

Yes, Us!

 

[Sandisw]

I double-checked and there is no document or paper that addresses resale restrictions in my packet. The only thing that I could find is this clause in the Product Understanding Checklist:

"DVD has reserved the right to prohibit or limit persons who do not purchase an Ownership Interest directly from DVD from participating in other aspects of Club membership or benefits, including prohibiting or limiting access to other DVC Resorts. Such prohibitions, restrictions, limitations, or changes may adversely affect your ability to resell your Ownership Interest or at a value that you might seek."

Maybe they've dropped that form since 2019?

I don't think it was dropped because I know someone who bought in 2021 who did indeed sign it. It was part of the closing paperwork we both had to sign and return. Now, at that time we signed, it was not done docusign, so I don't know if that is why it stood out?

But, the document was the same language that is in the POS but pulled out of it to ensure buyers saw it. I am surprised that you are not seeing it anywhere in your packet of papers.

 

[Brian Noble]

Or when people like me make your head explode when I say that the math doesn't matter to me. We bought what we did because we like it and can afford it.

I don't have any problem with that at all. Not one. That's an awesome reason to buy something, because money is for spending.

It's the folks who try to use bad math to justify what is usually someone else's purchase that winds me up. Bad math gives me hives. I guess that's an occupational hazard, because bad math is one of the very few ways you can fail your quals if I'm on your committee.

(Unsurprisingly, I used to have a reputation as being Someone You Don't Want on your quals committee. I am not sure if that's true in my older, gentler phase.)

 

[NVDISFamily]

I don't have any problem with that at all. Not one. That's an awesome reason to buy something, because money is for spending.

It's the folks who try to use bad math to justify what is usually someone else's purchase that winds me up. Bad math gives me hives. I guess that's an occupational hazard, because bad math is one of the very few ways you can fail your quals if I'm on your committee.

(Unsurprisingly, I used to have a reputation as being Someone You Don't Want on your quals committee. I am not sure if that's true in my older, gentler phase.)

There is no good or bad math, or economic reasoning on the planet that could overcome the overwhelming consensus of my family that they liked Riviera way better than the GF during our visit and tour. Resale restrictions be dammed..... I'm pretty sure our guide was convinced we were going to buy VGF as we ended our tour there. Ended up sitting in a room at VGF to buy our RVA points

I think I'm going to enjoy this purchase for years to come and it motivates me to work even harder to try and get promoted to el jefe grande at my firm just a few years earlier

Best math/econ of DVC.... work hard and make good $$$ so the purchase and those dues don't hurt all that much.

 

[DonMacGregor]

Or when people like me make your head explode when I say that the math doesn't matter to me. We bought what we did because we like it and can afford it. LOL

Preach Brother.

 

[theMoreDisneytheBetter]

Damn, a 3100 point contact for Riviera!

Maybe @macman123 got tired of ROFR???

 

[havoc315]

There is no good or bad math, or economic reasoning o

To me, the only real application of the "math" in a DVC purchase is to determine whether it makes sense, yes or no.
No matter how much I might love Riviera (or any resort), it wouldn't make sense to go buy 3,000 points so that I can stay in a Tower Studio for 3 days and then never use the contract again.
No matter how much I love GFV, it wouldn't make sense if it was $1 million per point purchase price.

Once we get to a threshold where purchasing makes basic financial sense, I certainly wouldn't be nitpicking "oh... but X-resort is potentially maybe 2% of a better value over the next 30 years."

 

[BeachClub2014]

To me, the only real application of the "math" in a DVC purchase is to determine whether it makes sense, yes or no.
No matter how much I might love Riviera (or any resort), it wouldn't make sense to go buy 3,000 points so that I can stay in a Tower Studio for 3 days and then never use the contract again.
No matter how much I love GFV, it wouldn't make sense if it was $1 million per point purchase price.

Once we get to a threshold where purchasing makes basic financial sense, I certainly wouldn't be nitpicking "oh... but X-resort is potentially maybe 2% of a better value over the next 30 years."

I don't think anyone buying 3,000 points is routinely staying in a tower studio

But I do get your basic point.

 

[macman123]

Maybe @macman123 got tired of ROFR???

Haha - not me. But even if it was, I would have split it into 100 point contracts, not just a single 3,100 one

Although I did buy 3x100 point RIV direct contracts

 

[theMoreDisneytheBetter]

Haha - not me. But even if it was, I would have split it into 100 point contracts, not just a single 3,100 one

Although I did buy 3x100 point RIV direct contracts

Can you imagine that conversation?
“Hi, I’d like 31 100 Riviera point contracts.”
“3 or 1?”
“No, 31.”
<CM falls off chair>

 

[macman123]

Can you imagine that conversation?
“Hi, I’d like 31 100 Riviera point contracts.”
“3 or 1?”
“No, 31.”
<CM falls off chair>

And plans retirement

 

[BeachClub2014]

And plans retirement

Right!?! I wonder what the commission would be on a 3,100-point sale?

 

[macman123]

Got to be 5% right?

So assuming around $170pp x $8.50pp x 3100 = $26,350

 

[theMoreDisneytheBetter]

Got to be 5% right?

So assuming around $170pp x $8.50pp x 3100 = $26,350

“What kind of incentives can you get me on 3,100 points???”