- Joined
- Nov 15, 2008
- Messages
- 45,045
The thing that concerns me about RIV is not the long term but if something would come up and you need to sell soon. There were resales sold at a big loss before it even opened, which means it was never used. I bought BWV in 1999 and it helped my decision to buy knowing I could get close to my money back if I had to sell. At this point, I’ve used it so many times if it was worthless, I wouldn’t care, I got my monies worth and then some.
As far as condition, I don’t have a problem with it. I’ve never been picky about theme, paint colors etc. as long as they don’t take away my boardwalk view, I’m happy.
Very true, but the huge loss does apply to all directly bought contracts, Any resort bought that way and Sold within a short time will take that big hit too.
But, yeah, buying on resale market is the only way to insulate yourself from a huge loss if one has to sell within the first year or two.