Are these resale prices normal or should I wait?

[Sandisw]

Putting aside economic forecasts, I don’t think the Riviera point charts are crazy compared to VGF. Is there a specific example or just overall? Also, you have the option of Tower studios, which can really stretch your points if you don’t need the bigger rooms/kitchenette and want to stay twice as long, or run into a situation like I did where I needed two studios but only one kitchenette. I’m not saying it’s perfect for everyone, I’m just saying if price per point was a major holdback for someone, that negative is almost negligible at this point.

There is no question that RIV charts are in line with Poly, VGF and BLT LV and TPV. So, people who dont mind spending points there, are going to find RIV comparable.

Of course, there are many resorts with point charts that are less and if there is truly no home resort preference, then all 4 of the ones above, which includes RIV will cost more points per night to stay there...on average.

Cheap point charts are only good, IMO, if one is happy with the location and the resort. If one is cool with staying at those places, then absolutely, you can get more nights.

I know people who just love OKW...the only DVC I have not stayed at...but no matter how often I book thinking it would be nice to save the points, I just can’t pull the trigger because I just don’t think I am going to be happy there.

I truly believe It will always come down to the subjective aspects of DVC vs the objective facts,

RIV is certainly a different product than all other DVC which is why I think it has aspects one needs to consider that you don’t with other resorts,

But, in the end, if one enjoys the resort, wants to stay there, then It’s worth spending the money to be at the place you love vs. being somewhere that you don’t.

 

[Bearval]

There is no question that RIV charts are in line with Poly, VGF and BLT LV and TPV. So, people who dont mind spending points there, are going to find RIV comparable.

Of course, there are many resorts with point charts that are less and if there is truly no home resort preference, then all 4 of the ones above, which includes RIV will cost more points per night to stay there...on average.

Cheap point charts are only good, IMO, if one is happy with the location and the resort. If one is cool with staying at those places, then absolutely, you can get more nights.

I know people who just love OKW...the only DVC I have not stayed at...but no matter how often I book thinking it would be nice to save the points, I just can’t pull the trigger because I just don’t think I am going to be happy there.

I truly believe It will always come down to the subjective aspects of DVC vs the objective facts,

RIV is certainly a different product than all other DVC which is why I think it has aspects one needs to consider that you don’t with other resorts,

But, in the end, if one enjoys the resort, wants to stay there, then It’s worth spending the money to be at the place you love vs. being somewhere that you don’t.

What is LV and TPV?

 

[Sandisw]

What is LV and TPV?

Lake View and Theme Park View

 

[RoseGold]

Putting aside economic forecasts, I don’t think the Riviera point charts are crazy compared to VGF. Is there a specific example or just overall? Also, you have the option of Tower studios, which can really stretch your points if you don’t need the bigger rooms/kitchenette and want to stay twice as long, or run into a situation like I did where I needed two studios but only one kitchenette. I’m not saying it’s perfect for everyone, I’m just saying if price per point was a major holdback for someone, that negative is almost negligible at this point.

RIV's point chart is a hair under VGF. There are many places in the charts where the RIV preferred is over VGF standard.

This isn't a "negligible" issue. That chart means, like VGF, it takes many, many more points to stay at RIV than at older properties. If your goal is to stretch points, OKW and SSR can't be beat. But you get further than RIV on a more forgiving chart like AKL or even BLT. That makes more sense to me than locking into RIV because there is one, rare room category that is a decent value.

The cheapest house is OKW/SSR. The cheapest house in the nicest neighborhood is BLT, IMO. VGF is the nicest house in the nicest neighborhood, and that's how RIV's chart is priced. You decide if you think the locations are equivalent and worthy of similar point charts. To me, if I'm buying into this chart, I'm doing it at VGF, which is what I did.

 

[Gf77]

ㅤ

 

[KeithSS]

I was responding to him calling the point charts at Riviera crazy (they kind of are), while neglecting the reality that about 3-4 other locations have high point charts also. I never said that Riv is good for stretching points, I said in certain situations where it's needed, having that tower studio available at Riv to stretch points at is something the equally absurdly priced VGF does not have. If you want to stretch points, OKW is a no brainer. I consider Riv and VGF to be the pinnacle, but that doesn't make it so- everyone has their own valid opinion on which is the best, most luxurious, nicest location, nicest layout, etc. I'm not arguing for Riv or against anything really, other than saying that Riv direct $/pp with incentives can be on par with at least two locations resale with the way things stand. That's what I meant by "negligible". Resale at some locations is creeping past direct at Riv, which is an ugly value proposition unless you hate Riviera.

I agree with this 100%. I just purchased 75 pts direct at Riv for a few diff reasons. First off resale prices at that point level are just stupid right now. Not much value at all plus you get the 2020 bonus points and not have to wait 4 months to get your points. I also considered OKW and SSR, but ultimately, at that point level the difference is negligible for $$ outlay and you get at 13 more years than if you purchased OKW and 17 if you bought SSR. Plus my wife and I really do like Riv and do plan to stay there sometimes, but when we don't or want to be frugal with our points we can use them at OKW or SSR to grab a studio. Grabbing a RIV studio at 7 mo in the fall when we usually travel will be close to impossible where as grabbing a SSR or OKW or even AKL for that matter at 7mo just about any time of year is fairly easy. We thought for the extra 13 years of use/value the extra $2700 would be worth the $$. Worst case we sell it in 2057. It has to be worth at least the $2700 extra we paid and then we had the extra priority for the times we did want to stay at Riv. At least that's the way we thought about it anyway lol

 

[RoseGold]

Resale at some locations is creeping past direct at Riv, which is an ugly value proposition unless you hate Riviera.

I can still make a value proposition for the worst deal in resale, Beach Club, when compared to cash.

Beach Club has buildings of cash buyers between BC/YC that are willing to pay some of the highest rack rates for SAB, the outstanding resort and theming, and the premium location. I've even seen cash BC/YC priced over VGF/Contemporary. That's why BC has buyers lined up who drove the price to it's current level.

It depends on what you are comparing to. If you were going to pay cash for YC anyway, BC resale is still an awesome deal!

 

[Gf77]

ㅤ

 

[Dismom18]

The debate I’m having essentially is the value of “buy where you want to stay” being either BLT/VGF resale prices rising to be what you can now pay for a direct contact at places like OKW\SSR and RIV.

 

[enigmatic]

Hi all! I recently became a DVC member in the fall buying direct. Well, the addonitis bug has bitten and I have been tracking the resale market for the last couple months. I've had one contract taken in ROFR for what I thought was a good price for BLT. I've now put an offer on another contract for quite a bit more, as it seems that the prices are trending upwards since the summer and I am wondering if this is a temporary jump and things will die down. If so, should I wait it out and see if I can get a similiar deal to the summer's prices or buy now before pricing gets even higher?

I've purchased several resale contracts over the past 15 or so years at several of the DVC resorts. The only contracts I've had ROFR'd were BLT. I think I've had 5 or 6 of them taken in a span of 4 years. I finally gave up trying when Reflections was announced and decided to wait until that was selling pre-market at DVC owners' specials. Since that project appeared to be scrapped, I bought a couple of Riviera resales in the downturn. Like others have stated, I think Riviera will not be the focus of ROFR take backs for quite a while.

 

[CookieandOatmeal]

The debate I’m having essentially is the value of “buy where you want to stay” being either BLT/VGF resale prices rising to be what you can now pay for a direct contact at places like OKW\SSR and RIV.

I own direct at the Poly and just bought a resale 100pt contract at BLT back in January where I paid $155/pt. I could have bought direct pts at OKW/SSR for only $10 more per point but I wanted the home resort advantage at BLT. To me, the value of buy where you want to stay is worth more than direct benefits. However, I do admit that since I already have access to direct benefits, home advantage is worth more even if I'm restricted on my BLT points. When I was in the market for a BLT contract, I was willing to pay $150-$155 per point since 100pts in a Dec UY isn't super plentiful. Good thing my contract was for $155/pt because DVC started rofr-ing all the other BLTs under $155! I really don't see prices going down at all and if you are comfortable with the prices now, you should consider buying.

 

[Onceuponamarathon]

There is no question that RIV charts are in line with Poly, VGF and BLT LV and TPV. So, people who dont mind spending points there, are going to find RIV comparable.

Of course, there are many resorts with point charts that are less and if there is truly no home resort preference, then all 4 of the ones above, which includes RIV will cost more points per night to stay there...on average.

Cheap point charts are only good, IMO, if one is happy with the location and the resort. If one is cool with staying at those places, then absolutely, you can get more nights.

I know people who just love OKW...the only DVC I have not stayed at...but no matter how often I book thinking it would be nice to save the points, I just can’t pull the trigger because I just don’t think I am going to be happy there.

I truly believe It will always come down to the subjective aspects of DVC vs the objective facts,

RIV is certainly a different product than all other DVC which is why I think it has aspects one needs to consider that you don’t with other resorts,

But, in the end, if one enjoys the resort, wants to stay there, then It’s worth spending the money to be at the place you love vs. being somewhere that you don’t.

You get me <3

 

[DougEMG]

I know it's hard to think this way, but the only real question is: Would you find good value out of a BLT ownership for which you pay $X/point? The fact that it used to cost $30/pt doesn't really matter, because that's not where the market is now. In the same vein, what it might have cost direct back when you bought also doesn't have much bearing on whether or not this resale purchase gives you good value for what you want.

Good advice.

I passed on buying BLT direct when it first came out thinking it was too expensive (silly me), ended up eventually buying it resale years later at a higher price then its original price.