$6,000 - $7,500 markup for perks.
That would be a break even in roughly 6-7 years for a family of 4 who goes yearly for 8/9 nights and alternates years to purchase the Gold Pass.
So basically once you hit that break even you are then saving money there on out. Direct will always be more expensive its just about breaking down long term costs.
As always if there is even a tiny chance you are selling in 10-15 years you don't purchase direct ever.
Well, as has been in the case with our previous discussions, I'm pretty firmly in the "if the AP returns exactly the same as before" camp, so that will be for OP to decide also.
My understanding is that the City Council would only approve it if there were a reason to bring it before them, as the variances Disney asked for were within the zoning board’s purview.DLT has apparently been approved by a commission, but not by the Anaheim City Council, so it's still a gamble that it even happens.
I've gotta be completely honest, as someone who owns CCV, 50 points is not enough. Those studios are a nice cheap price nightly, but they can be difficult to book year-round. I have no qualms about going CCV over RIV despite the higher price if you like it better (because the two resorts are very different, so you should get the one you like most). However, if you're not buying a fixed week, I'd very strongly recommend you get enough CCV points for a 1-br so you aren't locked out of the time you want to go. Those studios go fast.
And then, if you're buying more points, we're getting into a deeper philosophical discussion in that you should really go resale for a larger contract, because the savings are fairly significant. I suppose 150 at $195 direct isn't too terrible if you value direct perks that much, but off the top of my head I'm guessing you could get 150 resale at $145-155, so that's a $6,000 - $7,500 markup for perks. That's not nothing.
I dunno, lots to think about there. My strong feeling though is it's not smart to buy a small non-FW CCV contract that can only get you regular studio stays unless you like the idea of fighting for your booking for basically all of fall through Princess Half Marathon weekend in February, plus spotty availability through Flower & Garden, and all the way through the points charts increasing in cost for the summer in late June (and, as someone who just booked that time period, even late June and into the summer is spotty).
Disneyland Tower won't be here for probably 3 years (if at all but I'm betting it will) - that's a lot of fun vacations between now and then. And like you said you can use your direct points at DLT at 7 months. DLT is going to have veeeeerrry few 1/2/3 bedrooms but a TON of studios (which only hold 4 not 5). So if you're ok with a studio for 4 or less, you should be fine at 7 month window I'm guessing especially if you book at 7 months - so many of Disneyland visitors are locals so the pressure for reservations at restaurants / hotels tends to be more relaxed. Grand Cal just has so few villas. Buying not at Riviera gives you some options to sell via resale in a few years if you're really itching for some DLT at that time.
May go for
4 50 point contracts. Each one about 425 for closing.
Price ends up being 168 per point.
Was thinking worst case in a few years it would be worth 130 ppt resale if I had to sell it.
Riviera for me. The rest the delta for resale vs direct is just too high.This is definitely a concern. It makes me think that maybe I should buy at BLT if they have points available. It isn't too much more for 100 points, but availability is better. The downside is the contract is 8 years shorter than CCV. I'll be almost 70 in 2060, so maybe that's a non-issue.It makes the per point cost over the contract life over a dollar more, although the dues are less at BLT.
Yeah, this is the conclusion I'm coming to and why I'm warming up to buying now versus waiting. I think if I end up with CCV, then my resale BLT would be the most sensible to sell, but I really like BLT. I could get the minimum for DLT and not have to worry about the blue card minimum. That's one reason I was thinking about a 50/50 split on the CCV points, but 50 points at CCV will be a struggle and that would give me 4 home resorts with small contracts! For example, if the minimum for a blue card is 125, I could sell 50 and then buy 75 at DLT. Alternatively, if 50 is the minimum add on at DLT, I could just buy 50, although I'm certain that won't go far at all!
Where are you looking at buying?
My understanding is that the City Council would only approve it if there were a reason to bring it before them, as the variances Disney asked for were within the zoning board’s purview.
I am also convinced that the zoning commission - made up of people appointed by the city council - would not have approved it if the city council wasn’t tacitly on board.
It’s very possible we never hear from the City on this project again and learn more only when the
Excavators show up.
Riviera for me. The rest the delta for resale vs direct is just too high.
I think it is wise for anyone to do that based upon how much the resale price premium is for contracts of 50 points and below.I see you plan to do 50-point contracts to help minimize that delta.
I think it is wise for anyone to do that based upon how much the resale price premium is for contracts of 50 points and below.
I think resell will be better for small contracts vs fixed week as youll have to find someone that wants that fixed week. Small contract pool seems much larger. Just my opinion.Fixed weeks in December is going to be the best deal around for Riviera. Its already been increased for December and its only going to increase as we move forward.
I would expect a fixed week in December to be a discount in 10 years time.
The fixed week premium is on the points spent for the reservation, not the purchase price though - correct? So you could cancel the reservation and use the points whenever. I guess you are still losing the premium on the small contract though.
Reading this thread and the Fixed Week thread convinced me to go for FW 44 (Jersey Week) at Riviera for 130 pts. Plus an additional contract for 25 pts to get to 150pt incentives (if they go for it), 50 pts if they don't. That Fixed Week comes with an October use year.
If I hold off on signing the contract to see the new incentives, my closing may occur in October.
My question is, if I close in October with an Oct UY, will I lose out on 2019 points? Or would I still get them by signing the contract in Sept?
This. I have a Sep UY and literally added on 8/31, got my 2019 points, and won’t close till November due to spreading out of payments on my Disney Premier VISA.You will get the points for October as soon as you initiate the process and pay the deposit, meaning you will get 2019 points!
You will get the points for October as soon as you initiate the process and pay the deposit, meaning you will get 2019 points!
This. I have a Sep UY and literally added on 8/31, got my 2019 points, and won’t close till November due to spreading out of payments on my Disney Premier VISA.
Thanks guys! Now I'm even more excited! I'm going to set up my tour ASAP. I didn't know you could push out the closing even further, that's great!
My second choice is FW 52, which would get 200 pt incentives and a December UY - which is my last choice of UY. I don't know if they can change it on Fixed Weeks. I'm still trying to talk myself out of that because while it's "only" 50 pts more (20pts if would I need to add on 50 to the 130pt FW), it really adds up. Plus adds more maint fees every year.
Now I just need to get over my frustration at not having enough time to pick up a small resale contract to qualify for the member incentives.
By "change it," do you mean having a different UY? Your UY doesn't have to correspond with the FW. I'm pretty sure they'd sell you a Feb UY for a week 52 FW if you really wanted it, even though it wouldn't make much sense.