GF direct now or wait till GF2

[mustinjourney]

Thank you,

It may be a silly question but why do people think price is going to lower? Surely if direct is $255 they are going ti make that the starting price and then introduce incentives for more points you buy?

right now they have vgf priced really high bc they don’t want to sell it.

they want to sell RIV. So high vgf pricing makes RIV look better. And for Disney, they have millions (I could be wrong about exact number—but let’s just say it’s a lot) of RIV points to unload vs a few thousand points (maybe) at vgf.

so Disney is way more focused on recouping their ROI on building RIV and getting those points off their books, and they are pricing the sold out resorts accordingly.

 

[nuhusky123]

Disney isn’t selling gfv right now, direct sales stopped months ago

the resale market is not controlled by Disney and those prices are grossly inflated that will crash shortly.

 

[davidl81]

Yes, that is why I don’t think they will be selling any points until the new building goes on sale and that any sold, will be held until the new rooms are available for use.

If not, then they I’ll be selling ”old points” and “new points” which would be a nightmare.

The is one of the Reasons we pulled the trigger on AUL direct in November instead of VGF2 (waiting for it to go on sale in Feb).

 

[kdm31091]

I don't even think you can buy VGF direct right now, and even if you could, at $255/point, I don't think it's worth it.

 

[nuhusky123]

Disney is not selling vgf, they will not sell vgf points until gfv2 goes on sale

 

[RoseGold]

If not, then they I’ll be selling ”old points” and “new points” which would be a nightmare.

This is inevitable. They're still foreclosing, so they have a stack of "old" points, which will be going in the pile.

 

[KAT4DISNEY]

Yes, that is why I don’t think they will be selling any points until the new building goes on sale and that any sold, will be held until the new rooms are available for use.

If not, then they I’ll be selling ”old points” and “new points” which would be a nightmare.

I don't understand "would be a nightmare"? No different than when they were selling Jambo and Kidani.

 

[Sandisw]

I don't understand "would be a nightmare"? No different than when they were selling Jambo and Kidani.

How did it work with that? If they start selling points for the new building and it is not open yet, those points can't be used. Does that mean when I go to add on I can ask to be deeded to the current building so I can use them sooner?

That is what I meant, but I don't remember how it worked with AKV so maybe it wouldn't be an issue.

 

[Sandisw]

This is inevitable. They're still foreclosing, so they have a stack of "old" points, which will be going in the pile.

Correct. But those deeded to the current building will be usable before the points deeded to the new building can, won't they?

 

[mustinjourney]

Correct. But those deeded to the current building will be usable before the points deeded to the new building can, won't they?

I’ve been wondering about this too. It’s going to make vgf even more of a mess in the near future.

 

[nuhusky123]

Yes and no. Let’s say they start sales this week and points are credited immediately

no you cannot book resort rooms at gfv and there is limited supply at gfv1, but all those points can be used at all other dvc properties.

it does mean more points in the system but there won’t be a shortage of places to spend points at and it’s not as if all 2,000,000 points will sell this year.

let’s say dvc does really reallly really well month 1 and they sell 200,000 points. Month 2 another 100,000 then they settle into an avg sales volume of 50,000. We are now probably looking at resort rooms becoming avail now so we have a couple months where there are some extra points in the pool but it’s not a massive imbalance to the system

 

[Sandisw]

Yes and no. Let’s say they start sales this week and points are credited immediately

no you cannot book resort rooms at gfv and there is limited supply at gfv1, but all those points can be used at all other dvc properties.

it does mean more points in the system but there won’t be a shortage of places to spend points at and it’s not as if all 2,000,000 points will sell this year.

let’s say dvc does really reallly really well month 1 and they sell 200,000 points. Month 2 another 100,000 then they settle into an avg sales volume of 50,000. We are now probably looking at resort rooms becoming avail now so we have a couple months where there are some extra points in the pool but it’s not a massive imbalance to the system

Except normally, when you buy points at a new resort, those points can not be used anywhere until the date the the resort is open. When I bought RIV, I could not use them to reserve anything until after December 15th/16th, whatever date the resort actually opened. Same with BLT...I bought in February but could not use those points to travel anywhere until after the resort opening in August.

I didn't think they can allow you to buy points and use them at a non home resort if your home resort is not available for booking as it imbalances the system, even if it is short term. I don't remember how far apart Jambo and Kidani opened from each other, or if one was sold out before they did the other. This situation is unique and more like the treehouses and I don't remember how that worked with those. or if SSR was sold out yet when those were added. In this case, VGF is and the number of points DVD owns is minimal. But maybe enough to offset it because rooms are supposed to open rather quickly.

 

[davidl81]

Except normally, when you buy points at a new resort, those points can not be used anywhere until the date the the resort is open. When I bought RIV, I could not use them to reserve anything until after December 15th/16th, whatever date the resort actually opened. Same with BLT...I bought in February but could not use those points to travel anywhere until after the resort opening in August.

I didn't think they can allow you to buy points and use them at a non home resort if your home resort is not available for booking as it imbalances the system, even if it is short term. I don't remember how far apart Jambo and Kidani opened from each other, or if one was sold out before they did the other. This situation is unique is like the treehouses and I don't remember how that worked with those.

Also Disney has been ROFR VGF points for months now (and normal other buy back processes) while not selling any points. So it’s likely they have a decent amount of points available for sale at various UYs when the resort goes on sale just from those.

 

[Sandisw]

Also Disney has been ROFR VGF points for months now (and normal other buy back processes) while not selling any points. So it’s likely they have a decent amount of points available for sale at various UYs when the resort goes on sale just from those.

So, that could be why they stopped sales?? So, they have enough points to sell at the beginning before rooms open up that are tied to the current building and therefore, don't need to worry about when those points can be used. That makes sense!

 

[nuhusky123]

another Scenario is dvc opens reservations for new buyers at time of sale only and then to the rest of dvc a few months later

new owners have reservations in hand for the new resort studios

so many questions. This will be very interesting in a few weeks

 

[Jimmy Geppetto]

So, that could be why they stopped sales?? So, they have enough points to sell at the beginning before rooms open up that are tied to the current building and therefore, don't need to worry about when those points can be used. That makes sense!

Wouldn't they have been much more active with ROFR if this were true?

 

[KAT4DISNEY]

How did it work with that? If they start selling points for the new building and it is not open yet, those points can't be used. Does that mean when I go to add on I can ask to be deeded to the current building so I can use them sooner?

That is what I meant, but I don't remember how it worked with AKV so maybe it wouldn't be an issue.

Correct that the points could not be used for stays prior to the opening of the unit you purchased. You were able to book with them though for a stay following the opening. For the most part they were considering Jambo "sold out" and only selling Kidani but if they had Jambo points they actually could have sold them although I don't know if they did. I purchased a contract at Kidani. I think it might have been 3 months, maybe a little longer prior to the building opening.

 

[Nabas]

Also Disney has been ROFR VGF points for months now (and normal other buy back processes) while not selling any points. So it’s likely they have a decent amount of points available for sale at various UYs when the resort goes on sale just from those.

Please keep in mind that based on direct sales, Disney ROFRs no more than 2000-3000 VGF points per month. This means that even in 12 months, Disney has ROFRed perhaps 30,000 VGF points.

It's a drop in the bucket, considering that VGF2 will have more than a million points.

The first theory I read as to why Disney stopped direct sales is because they intend to open at less than $255pp and didn't want a bunch of recent VGF1 buyers come back complaining. So they halted VGF1 sales as soon as they announced VGF2.

 

[Sandisw]

Correct that the points could not be used for stays prior to the opening of the unit you purchased. You were able to book with them though for a stay following the opening. For the most part they were considering Jambo "sold out" and only selling Kidani but if they had Jambo points they actually could have sold them although I don't know if they did. I purchased a contract at Kidani. I think it might have been 3 months, maybe a little longer prior to the building opening.

I think that is what I was getting at...that selling new and old points at once would be a nightmare in that some owners would be getting points to use immediately and some owners would be getting points that could not be used until the new rooms open.

It will definitely be interesting to see how they work it this time in terms of what they sell from the start in terms of unit those points deed to.

 

[Sandisw]

Wouldn't they have been much more active with ROFR if this were true?

It all depends on what they had on hand. They do retain at least 2% of the resort. So, once they declare new points into the system, then they will have more than they need to meet that number so maybe they could technically sell all old points first, and keep new points for once the rooms open? I think lots of things could happen.

If sales start and they tell you you can't use until the new rooms are open for occupancy, then we will know for sure they are deeded to the new rooms.