DVC Please Give It a Break.

[Ben E N]

Do they? Will sales people fully disclose the new rule? You can only research the effect of this rule if you know about it. I'd hazard a guess that most new DVC buyers have never been on these boards.

I don't want to stick it to those sorts of people, but they are responsible for asking those sorts of questions before they sign on the dotted line. If they get lied to, then they have grounds to sue.

 

[Matty B13]

I don't want to stick it to those sorts of people, but they are responsible for asking those sorts of questions before they sign on the dotted line. If they get lied to, then they have grounds to sue.

If they didn't have a clue about the potential resale value of Riviera, then I don't think that they would be upset about the price they got for it if they had to sell, or just decided DVC wasn't for them. Ignorance is bliss.......

 

[MB_01]

I'd imagine a lot of people who's first exposure to DVC is stopping by the booths at WDW never even hear about resale or have any knowledge at all about the restrictions to this day. I just sort of lucked into resale when I was looking into renting points.

 

[Frederic Civish]

They won’t have a problem selling them at all just that they will go for around 50% of direct. There will be a market for people who just want to stay at the new resort that will not care they cannot use the other DVC resorts. I myself would consider buying points there resale for the right price. Plus not many people go into a purchase like this thinking about selling, they are too caught up in the moment.

I'm not so sure, about what the resale value of Riviera will be. Obviously, if the price is low enough, and if people are perfectly content to just stay there, then purchasing a Riviera resale contract makes perfect sense. BUT, if there are bunches of other resale contracts available, for Legacy 14 resorts, and if the price is similar, won't people tend to gravitate to the L 14 contracts? Of course, that will then mean that the Riviera resales continue, but at an even lower price. Also, by this standard, having Riviera, Reflections, and similar future DVC Resorts be so limited after Resale, they will actually be INCREASING the relative value and desirability of the L 14 resales. So the more 'Riviera' they sell, the more your current contracts might actually be worth.

On another note, I have heard that the average DVC owner keeps their contract for 10 to 15 years. Don't know how true that is, but it makes sense. People get older. They grow tired of Disney and they look for new vacation experiences. Then they want to get out from under the Maintenance Fees. So they sell.

Disney might decide they made a mistake by selling 50 year contracts. Why did they choose 50 years? Because that is kind of a Timeshare standard. But now that DVC is established, they don't need to continue with 50 years. I don't see why Disney might not start selling contracts that only last 20 years or 25 years, in the future. They could probably get pretty close to the same price, and the resale market would shrink considerably. Of course, if they switched over to a strategy like this, while the L 14 resorts are also still out there, then they would have to go against the L 14 Resale market! But if Disney successfully navigated that, then they could expect to get TWICE AS MUCH from Riviera over the next 50 years, since they will be able to sell it twice, once now, and then again in 25 years.

 

[Frederic Civish]

I'd imagine a lot of people who's first exposure to DVC is stopping by the booths at WDW never even hear about resale or have any knowledge at all about the restrictions to this day. I just sort of lucked into resale when I was looking into renting points.

As the Rental market continues to grow, and it will (and it seems that Disney will be even less successful at controlling the Rental market compared to the Resales market), then the Rental market will continue to be INCREASED ADVERTISING for the Resales market!

 

[Frederic Civish]

I don't want to stick it to those sorts of people, but they are responsible for asking those sorts of questions before they sign on the dotted line. If they get lied to, then they have grounds to sue.

If they didn't have a clue about the potential resale value of Riviera, then I don't think that they would be upset about the price they got for it if they had to sell, or just decided DVC wasn't for them. Ignorance is bliss.......

I'd imagine a lot of people who's first exposure to DVC is stopping by the booths at WDW never even hear about resale or have any knowledge at all about the restrictions to this day. I just sort of lucked into resale when I was looking into renting points.

The guides WILL NOT NEED TO BRING UP RIVIERA RESALES, unless they are directly asked. Why? Because, at least at first, when they start selling Riviera, THERE WILL BE NO RIVIERA RESALE MARKET TO WORRY ABOUT. At least at first, anything that someone says about the Riviera resale market will be just conjecture, so the guides can say whatever they want, or nothing at all.

 

[The Jackal]

These are the sales guides that are selling CCV, yet point out how you can get a room at AKV value studio for 9 points a day. The only thing they don’t tell you they are nearly all booked at 11 months. When I mentioned this the guide was suprised. He knew I was already a member too

 

[crvetter]

These are the Sam guides that are selling CCV, yet point out how you can get a room at AKV value studio for 9 points a day. The only thing they don’t tell you they are nearly all booked at 11 months. When I mentioned this the guide was suprised. He knew I was already a member too

Absolutely agree I was told certain rooms were an option when I questioned if they really were available they just played stupid saying that they don’t have access to see availability at the sales office. I sort of already knew that there was no way that anyone outside of AKV would ever get them. So never factored into my consideration

The one thing I think is really misleading in the sales process is they tell you that the point charts follow demand so if you want an idea of what is higher demand seasons look at the point charts. That is 100% false and I’m fairly certain everyone in sales knows that.

 

[The Jackal]

Absolutely agree I was told certain rooms were an option when I questioned if they really were available they just played stupid saying that they don’t have access to see availability at the sales office. I sort of already knew that there was no way that anyone outside of AKV would ever get them. So never factored into my consideration

The one thing I think is really misleading in the sales process is they tell you that the point charts follow demand so if you want an idea of what is higher demand seasons look at the point charts. That is 100% false and I’m fairly certain everyone in sales knows that.

I agree it seems DVC is nearly booked all year round. But I think by demand they mean mostly people wantng to go to the parks. But the parks seem like they are busy all the time now.

 

[crvetter]

I agree it seems DVC is nearly booked all year round. But I think by demand they mean mostly people wantng to go to the parks. But the parks seem like they are busy all the time now.

Nah they were deliberately misleading they specifically meant demand as a measure of speed at which the rooms are booked. Which is exactly how the point charts are meant or be set. They even said that. Basically for years now the point charts have not lined up with demand and definitely should be corrected.

 

[DanCio]

Do they? Will sales people fully disclose the new rule? You can only research the effect of this rule if you know about it. I'd hazard a guess that most new DVC buyers have never been on these boards.

Disney is going to use a disclaimer that they don't do resales though they do have ROFR on all resale contracts. And they are going to hammer home "This is Disney, you're buying this for life. Why would you want to sell it?"

 

[The Jackal]

Disney is going to use a disclaimer that they don't do resales though they do have ROFR on all resale contracts. And they are going to hammer home "This is Disney, you're buying this for life. Why would you want to sell it?"

Well Disney is the root cause of resale. If they did not ROFR contracts the price of them would be much lower than they are now. Almost all resorts are currently selling for more on the resale market than when originally sold by DVD. DVD made all the money from the original sale. They get paid the annual fees. They should just be happy with that. Like others have stated buy another timeshare. When you want to sell it it can take years and you get pennies on the dollar back. Would DVD be happy with all 450,000+ original owners taking advantage of the perks. But if you bought resale contract for more then it originally sold for 10 years ago. No perks for you. The only way DVD could do away with resale is to buy it all back. The problem they would run into is the contract prices would go up and be close to what DVD sells them at and they would make no money on reselling. Then they would be stuck with all those points. Because why would I buy points for BRV for $176 pp and it expires in 2042 when I can buy CCV for $188 and it expires in 2068. For $12 more pp it’s obvious what people would buy. Could DVD rent the rooms out, for all the contracts they would own, maybe? Not worth it. If they ended up owning 20-30% of a bunch of resorts, I don’t think they would be building new ones.