Big News

Discussion in 'Purchasing DVC' started by RRB, Jan 6, 2019.

  1. RRB

    RRB I've got Cabin Fever, Copper Creek that is

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  2. cde48

    cde48 Earning My Ears

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    This would make me not want to purchase any new resort. The best ones already exist. The product is becoming diluted, if it hasn’t been already.
     
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    DIS Sponsor Disney Vacation Club Resales www.dvcstore.com


  4. RRB

    RRB I've got Cabin Fever, Copper Creek that is

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    I think that anyone purchasing direct (including the Riviera Resort) will be able to stay at any DVC Resorts, only resale buyers will be limited.
     
  5. cde48

    cde48 Earning My Ears

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    My point is, if those that buy points at DRR have to sell, due to a lost job, not the right fit, that direct contract on a resale market is garbage. It won’t be appeasing for someone buying on the resale market, to only be able to stay at one resort. Those contracts will be worth peanuts.
     
  6. DVC Fanatic

    DVC Fanatic Earning My Ears

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    I think this will change the resale market dramatically and really tank any resale value in new resorts. Unless you want to exclusively stay at a new resort with no other option besides RCI, it will make no sense to buy resale of the new resorts.
     
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  7. beercity

    beercity Earning My Ears

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    100% agree.
     
  8. miTnosnhoJ

    miTnosnhoJ DIS Veteran

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    Maybe they are creating a diversion so we quit talking about lawsuits.
     
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  9. PSUDinsey

    PSUDinsey Mouseketeer

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    How would they restrict this? Add wording to the contract at ROFR?
     
  10. RRB

    RRB I've got Cabin Fever, Copper Creek that is

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    There are other limitations previously implemented to buying from a re-seller. How were those implemented?
     
  11. jarestel

    jarestel DIS Veteran DIS Lifetime Sponsor

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    Saving lots of money will still make sense to plenty of people. If the resale prices are substantially lower than direct prices buyers will still have interest. Sellers will probably take a hit though.
     
  12. jarestel

    jarestel DIS Veteran DIS Lifetime Sponsor

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    duplicate
     
  13. RRB

    RRB I've got Cabin Fever, Copper Creek that is

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    This news has not been confirmed by DVC yet.
     
  14. LionKingCPA

    LionKingCPA Earning My Ears DVC Gold

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    As I understand it this hasn't really been confirmed yet. But I've seen multiple sources report that it's a done deal. I'm very curious as to how the actual wording of this will be.

    It's understood that DVC could take away additional "privileges" from resale owners. And we all know they have done this to varying degrees over time (concierge, discounts). But this seems to potentially be treading on one of the basic rights - the right to book at any DVC owned timeshare based on the home resort/non home resort rules - that are promised in the contracts. I think they are arguing since Riviera (or any other future resort) didn't exist at the time of the resale purchase, these new resorts do not have to be considered a basic right?? That feels like a very grey area.

    Somebody talk me through where I'm wrong.
     
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  15. miTnosnhoJ

    miTnosnhoJ DIS Veteran

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    When you buy direct, you have to sign a document that includes language that you are not buying in anticipation of future resorts, and that Disney has no obligation to build future resorts. I think their case for this is stronger than the case for the 20% point increase for lockoffs.
     
  16. KAT4DISNEY

    KAT4DISNEY Glad to be a test subject

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    I'd agree from my understanding.

    The only thing I might find questionable is the exchange - there ought to be an offset for points going out and points coming in or at least I would hope so. How they are going to really balance that? I've got an idea of how they can make our points less valuable at Riviera or any new resort but if nobody in the current resorts exchanges out to them? Of course they will but again, I'd hope there has to be some balance.
     
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  17. Bing Showei

    Bing Showei DIS Veteran DVC Gold

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    This made me laugh so hard I started crying... then I realized I was actually just crying.
     
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  18. freediverdude

    freediverdude Was very touched by the Tapestry of Dreams parade

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    First the flap about the points, now this, and then the next whammy will be when we see the price increases, and then also the prices for Riviera soon. I think we are in for quite a ride the next few months.
     
  19. Wakey

    Wakey DIS Veteran

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    They may need more 'exchange points' in DVC 1 as this DVC 2 grows, to create a buffer. That will cost them, unless of course they could create points out of thin air, but they can't do that!
     
    Last edited: Jan 7, 2019
  20. GOOFY D

    GOOFY D DIS Veteran

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    One of the selling points of DVC has been that if the owner has to sell, the contracts still have significant value. This move will kill any future resale value.
     
  21. TheMick424

    TheMick424 Mouseketeer

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    Now confirmed - upload_2019-1-7_10-0-25.png
     
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