That is not what I was stating.
Vero was not a deception of any sort. That was a decision that it was failing in sales and that perhaps offsite wasn't DVC's cup of tea. They then decided to not do the second phase and in order to compensate for that change which would ultimately reflect higher dues they subsidized the original purchasers.
I’m not saying its no hassle at all, but all that stuff is handled by the title company. Honestly, who cares if there are a few extra docusign pages to scroll through? And all of this is hardly monumentally complex, it’s routine, and title companies handling Aulani resales do it day in and day out, all of the time, for years on end. It’s not rocket science. They know how to do it.
Ah…I missed your point! Sorry about that.
Were there ever any whispers that the unrealistically low dues were a sign of deliberate funny business, or just incompetence?
All before my DVC time, which is relatively recent anyway, but very interesting! I googled Jim Lewis to see what happened to him post Disney.
The initial estimates were wildly too low and the executives were fired. That seems like incompetence that was caught internally instead of fraud.
On the boards it was considered more or less a sales technique. If you knew that then no surprise later. For the majority of buyers one could debate the fraudulent aspect depending on if they asked the question of how much dues might be expected to increase. Ultimately the right thing should have been actual estimates on dues and obvious disclosures of any sales incentive "rebates".
Got it. Sounds like more than incompetence. What a mess!
GF used the existing, known GF dues to sell, because it's the same association. RIV/CCV actually might have overestimated, it resulted in extremely low increases from the initial numbers used to sell. I think one of them even went down at some point. A lesson learned from Aulani/Vero.
