Does 275 listings of DVC contracts on TTS seem like a lot to you?

[tvwalsh]

I do not think I have ever seen so many listings of DVC contracts on The Timeshare Store website. When I tried to print them it was 19 pages! Anyone have any insight?

 

[Starr W.]

I hadn't looked in awhile, but what really caught my eye was the number of resales at AKV.

DH has been looking at VB points(told him have enough if we would just follow my plan ).

 

[tvwalsh]

18 more listings have just been added!

 

[Chuck S]

High gas prices and travel costs, high prices on everything from food to house insurance, bad economy with lots of folks getting laid off. People who could afford AKV when they purchased may not be able to afford it now.

I know a friend of mine was thinking of buying, he didn't, and now there is no way he can...changed jobs twice already this year and a baby on the way.

 

[bobbiwoz]

...DH has been looking at VB points(told him have enough if we would just follow my plan ).

Cute
Bobbi

 

[las3888]

Yes, that does seem like a lot!!!!

 

[DebbieB]

Keep in mind the membership has really expanded in the past 5 years. Also, many original members are now at a new place in their lives. I have a friend who I would have never dreamed would sell her DVC (bought around 1996). She recently did (except a small contract) to buy an RV for retirement.

 

[bookwormde]

It was reasonably steady (slowly increasing) till about 2 months since then there has been a big increase especially at SS and AKV, along with a significant $ decrease at SS

bookwormde

 

[snowbunny]

I just think it's another indication of the terrible economy and people getting in over their heads. DVC is a luxury, it will be one of the first things to go in tough times.

What surprises me about some of the listings are the prices, $90/point seems pretty high to me on some of the contracts that are stripped until 2010.

 

[corpcomp]

Only 3 that are not sale pending at BCV. That is not a lot at all. SSR / OKW have a lot.

 

[Caskbill]

If we guestimate there are 150,000 members and on average they own 2 contracts, then there are 300,000 contracts out there. (Probably low, I know people that have a dozen or so contracts)

Last I heard TTS had about 80% of all DVC resales. So if that's still about the same, 275 at TTS would mean there's about 344 total contracts available, somewhere.

344 out of 300,000 is about 1/10th of 1%, or roughly 1.15 out of every 1000 contracts.

 

[lugnut33]

If we guestimate there are 150,000 members and on average they own 2 contracts, then there are 300,000 contracts out there. (Probably low, I know people that have a dozen or so contracts)

Last I heard TTS had about 80% of all DVC resales. So if that's still about the same, 275 at TTS would mean there's about 344 total contracts available, somewhere.

344 out of 300,000 is about 1/10th of 1%, or roughly 1.15 out of every 1000 contracts.

So you're saying looking at it historically that the number of resales is roughly equal to the number of contracts that people hold? Increased number of contract equals increased number of resales.

That may be true, but I don't think there's any denying that there has been an erosion in the prices of the resale market, especially at SSR. I see contracts being approved in the mid 70's range. If there is a deterioration of prices, then I'd say there is excess supply that is causing downward pressure on the prices. Just my opinion.

 

[DotF]

I plan to post my SSR 100 points for sale.
Will they sell? eventually.
Why am I selling?
I am on a fixed income. My one child is in the navy. I doubt he coud afford
the maintenance fees on his salary. My former employer Verizon (Bell atlantic, Nynex, New Eng. Tel) has not given a COLA to its lower level management pensioners since the 80's. My pension is based on my late 80's salary.

I need to lower the monthly maintenance fees. I am keeping my 0KW 340 points which are luckily broken up into 4 contracts, 190, 50, 50 and 50.
Much easier to sell small lots if necessary.

 

[Let'sGoAgain!]

I wonder how much of it has to do with people being "swept up by the moment" during the DVC presentation and not really understanding what they are buying into? Then when they find out the specifics, they don't think they got what they were looking for.

When I see the questions on these boards sometimes (no offense intended to anyone...), it seems to me that DVC is more intent on closing the sale than on making sure the buyer understands everything.

I sometimes wonder what some new owners would do if they didn't have boards like this to turn to for their questions!

 

[lugnut33]

I wonder how much of it has to do with people being "swept up by the moment" during the DVC presentation and not really understanding what they are buying into? Then when they find out the specifics, they don't think they got what they were looking for.

When I see the questions on these boards sometimes (no offense intended to anyone...), it seems to me that DVC is more intent on closing the sale than on making sure the buyer understands everything.

I sometimes wonder what some new owners would do if they didn't have boards like this to turn to for their questions!

Yeah, but the buyer has the onus of informing him/herself before purchasing. If they buy spontaneously and later regret it, that's their own fault.

We had been looking at DVC for 2 years before we finally bought a 120 pt. resale contract at SSR.

 

[jarestel]

I sometimes wonder what some new owners would do if they didn't have boards like this to turn to for their questions!

Actually, I think boards like these are part of the problem sometimes. When prospective buyers ask for opinions and advice here, they mostly get platitudes about "wishing I'd bought sooner" and a half dozen theories on calculating all the $$$ folks will save once they purchase. We rarely give newbies any "objective" advice.

 

[tjkraz]

Actually, I think boards like these are part of the problem sometimes. When prospective buyers ask for opinions and advice here, they mostly get platitudes about "wishing I'd bought sooner" and a half dozen theories on calculating all the $$$ folks will save once they purchase. We rarely give newbies any "objective" advice.

That's a good point. Although I get the sense most people who ask for advice have already made up their mind and are just looking for someone to say "yeah, go for it!"

When poor candidates are honest about their situation (want to use points outside of DVC, not on the most stable ground financially, etc.) and are really looking for constructive advice, I think they get it.

As for the original post, does it seem like a lot of contracts? Perhaps...I don't follow it that closely. But regardless, I'm not looking to sell so it doesn't impact me one bit.

I don't feel that it reflects poorly on DVC at all. In many cases it's just a sign that a lot of people made poor decisions. People will continue to make poor decisions and there's little any of us can do to change that.

 

[Mouse511]

I agree that 19 pages is alot - we have been watching and debating if we should buy into DVC for almost two years now.

With the recent increase of SSR resales and a significant price drop - we decided it was time for the plunge.

So if all goes well with ROFR - you can subtract one contract from the list of hundreds !!!

 

[mgilmer]

Property No of Resales Lowest Price

AKV 22 $90
BCV 4 $89
BWV 14 $78
HH 10 $65
OKW 34 $70
SSR 110 $73
VB 39 $60
VWL 14 $77

Looks like SSR is not very popular based on the resale numbers and current low prices for a relatively new resort that just sold out. It is easy to see that BCV is the most popular and AKL may have a lot of resales but the price is still holding up.

 

[Nikisha421]

lots of thoughts and lots of ????s...DVC is definetely a luxury