Buying Riviera now or wait for Poly 2

[PrincessKL]

Hi everyone! With the news on VDH, I am with many people that we will not add on there. Our plan was to buy 50 points at VDH and then wait for Poly 2 and buy 100 points to get the membership extras. And then eventually we will sell our 95 points BLT resale contract. However, now I am worried that Poly 2 will cost too much for us just like the VDH.

We were going to buy at VGF, but we stayed at the resort studio there last month and realized that we did not like the layout of the room. Since the deluxe studio is very hard to book (even at 11 months?) and the point chart at Riviera looks better, I think buying Riviera is the better option for us now. We stayed at the standard studio at Riviera and we loved it, even though we would prefer to stay close to Magic Kingdom because that’s our favorite park.

Anyone has similar thoughts about this? Maybe we should just add 50 points at Riviera now and wait for Poly 2 to decide if we should add 100 more points either at Riviera or Poly 2? Or should we just wait for Poly 2 for 150 points either at Poly 2 or Riviera? We are already borrowing into 2024 points with a June use year, so 95 points are not enough for us. I don’t mind waiting if Poly 2 is a good product, but I am not sure if I can count on it.

 

[Lumee23]

We are in a similar situation but swap VGF for Riv I wish I had a confident answer on this so I am curious to see what others think.

When you say are concerned Poly 2 will cost too much like VDH what are you referring to? The cost per point or the whole package? We can stomach the $230 but the high MFs and extra tax on top are too much for us. The reason I ask is because I think it is very likely that Poly2 will be in the $225-$230/pp range by the time they go on sale unless the economy reduces Disney's non-stop price increases. That said I don't think it will be more than Riv will be at the time of sale (before incentives) unlike VDH.

Even though info is light on Poly2 I think we are probably going to hold out. By not splitting it up into two purchases we will most likely be in incentives territory plus saving an extra round of closing costs, which should help offset any price increases over the next 1-1.5 yrs. We could take that same approach with VGF and take savings now but I would prefer Poly2 overall unless there is something about Poly2 that really doesn't work for us. That is the logic we are currently applying; however, I am impatiently waiting for more info about Poly2 so we can make a more informed decision.

 

[PrincessKL]

We are in a similar situation but swap VGF for Riv I wish I had a confident answer on this so I am curious to see what others think.

When you say are concerned Poly 2 will cost too much like VDH what are you referring to? The cost per point or the whole package? We can stomach the $230 but the high MFs and extra tax on top are too much for us. The reason I ask is because I think it is very likely that Poly2 will be in the $225-$230/pp range by the time they go on sale unless the economy reduces Disney's non-stop price increases. That said I don't think it will be more than Riv will be at the time of sale (before incentives) unlike VDH.

Even though info is light on Poly2 I think we are probably going to hold out. By not splitting it up into two purchases we will most likely be in incentives territory plus saving an extra round of closing costs, which should help offset any price increases over the next 1-1.5 yrs. We could take that same approach with VGF and take savings now but I would prefer Poly2 overall unless there is something about Poly2 that really doesn't work for us. That is the logic we are currently applying; however, I am impatiently waiting for more info about Poly2 so we can make a more informed decision.

Yes, I would be okay with $230 per point for Poly 2 at that time because I would save all the MF I had to pay if I need to buy now, but the additional tax and high MF just don’t make sense for us at Disneyland Hotel. I know Florida has the ToT waived, so I probably don’t need to worry about that and the MF might go up to that high for most DVC resorts at that time… I am more worried that Disney will come out of some new policy to surprise us and make DVC even less appealing. There are lots of rules they can bend as to whether Poly 2 is a separate association or not and if it has 50 years or resale restriction.

 

[DVCRookie2023]

Also in the same boat. Will be our first purchase. Looking at either buying into RIV/VGF or waiting for Poly2 since we stayed and liked Poly so much this year.

I am leaning toward going ahead and getting RIV this year as POly2 is still a large unknown and we also REALLY like RIV and GF!

 

[AstroBlasters]

Yes, I would be okay with $230 per point for Poly 2 at that time because I would save all the MF I had to pay if I need to buy now, but the additional tax and high MF just don’t make sense for us at Disneyland Hotel. I know Florida has the ToT waived, so I probably don’t need to worry about that and the MF might go up to that high for most DVC resorts at that time… I am more worried that Disney will come out of some new policy to surprise us and make DVC even less appealing. There are lots of rules they can bend as to whether Poly 2 is a separate association or not and if it has 50 years or resale restriction.

The ToT situation could change at any time in Florida if the legislature and the governor decide to amend the law for properties that exist in a special district…

All of the FL properties also have high transportation costs (monorail, bus, Skyliner, boat) that mean the increase in dues will likely be much higher than VDH which has none of those things. I predict that in 5-years the VDH dues will be lower than many of the WDW resorts.

 

[Frugal Fairy Tales]

… or you can buy Ft Wilderness DVC cabins, which were just announced, and will be ready in 2024.

 

[PrincessKL]

The ToT situation could change at any time in Florida if the legislature and the governor decide to amend the law for properties that exist in a special district…

All of the FL properties also have high transportation costs (monorail, bus, Skyliner, boat) that mean the increase in dues will likely be much higher than VDH which has none of those things. I predict that in 5-years the VDH dues will be lower than many of the WDW resorts.

You could be right. Maybe in 1-2 years (hopefully it’s not sold out this fast) we will revisit the idea of buying VDH if we really like there and would want to go to Disneyland every so often. But right now, Riviera seems to be a cheaper and better option to do what we need.