GF direct now or wait till GF2

[KAT4DISNEY]

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.

Is it any different than with a new resort though when people know they can't use them until the opening date? In this case if someone just wasn't going to buy if they couldn't use the points in the next month or so then they actually still could sell them Bldg 1 points but if all they had or people weren't looking to book at stay until after Bldg 2 opened then they'd just sell them points from Bldg #2.

For myself with AKV it was fine to not be able to use the points immediately and I'd guess that most people purchase but don't plan to go again for several months or even a year.

Oh - and dues don't start until the unit opens either so it actually was a benefit to not have Jambo and would be the same for any VGF Bldg #2 owners.

 

[Sandisw]

Is it any different than with a new resort though when people know they can't use them until the opening date? In this case if someone just wasn't going to buy if they couldn't use the points in the next month or so then they actually still could sell them Bldg 1 points but if all they had or people weren't looking to book at stay until after Bldg 2 opened then they'd just sell them points from Bldg #2.

Maybe nightmare wasn't the right word, but to me, that seems crazy that they would have a system where some could get points to use immediately and some could not depending on whether the buyer knows enough to ask?

But its DVD so maybe for them, it won't be that big of a deal. I certainly know I will ask for points from building 1 when I go to buy if it means I can use them prior to opening.

 

[KAT4DISNEY]

Maybe nightmare wasn't the right word, but to me, that seems crazy that they would have a system where some could get points to use immediately and some could not depending on whether the buyer knows enough to ask?

But its DVD so maybe for them, it won't be that big of a deal. I certainly know I will ask for points from building 1 when I go to buy if it means I can use them prior to opening.

I think I was editing when you posted but another thing is that dues calculate from the date of opening. If you aren't going to go before the date of the opening then it's actually a benefit to have your contract pull from that new unit.

 

[Sandisw]

I think I was editing when you posted but another thing is that dues calculate from the date of opening. If you aren't going to go before the date of the opening then it's actually a benefit to have your contract pull from that new unit.

That is a good point and that some people not want points to start until opening to pay less MF's!

 

[Lorana]

Certainly AKV contracts are deeded to either Jambo or Kidani. I own at both, and when we did a small add-on at AKV direct, we specifically requested Jambo points as my husband wanted to “actually” own there (our resale was Kidani). Technically if you were deeded to VGF1, you’d have points available immediately and legally they couldn’t restrict you. I imagine when the resort first opens for sale, they either will not sell VGF1 points, or will only sell those for UYs prior to resort opening - like if VGF2 opens in Aug, and you want a June UY, you’ll get VGF1 points, but if you want a Sep UY you’ll get VGF2 points.

 

[RoseGold]

I didn't realize ROFR had been that high! Foreclosures are also marching along. DVC will have a good stack of legacy points, maybe points that VGF2 can't even use. That level of ROFR, for points they know they will be sitting on, is very interesting.

It would be really bizarre if we ended up in a scenario where the old points cost more than the new points? Maybe, when they open VGF2 sales, they will sell the old point contracts at the same price as a kind of incentive until they run out. An extra year of points for an old contract would be a big incentive.

DVC ROFRing this high, and inflation gearing up, really makes me doubt VGF2 will be anywhere near RIV. DVC wouldn't be buying at this level if they planned to fire sale this. But then I said that about BW.

 

[Sandisw]

I didn't realize ROFR had been that high! Foreclosures are also marching along. DVC will have a good stack of legacy points, maybe points that VGF2 can't even use. That level of ROFR, for points they know they will be sitting on, is very interesting.

It would be really bizarre if we ended up in a scenario where the old points cost more than the new points? Maybe, when they open VGF2 sales, they will sell the old point contracts at the same price as a kind of incentive until they run out. An extra year of points for an old contract would be a big incentive.

DVC ROFRing this high, and inflation gearing up, really makes me doubt VGF2 will be anywhere near RIV. DVC wouldn't be buying at this level if they planned to fire sale this. But then I said that about BW.

I think the fact they did the big BWV and AUL promotions leads me to believe they have something up their sleeve. Not sure, as part of the same association, that they can sell points at different prices, and didn't when they added the treehouses.

Just hoping we get news in the next month!! I need to start planning!!!

 

[RoseGold]

I think the fact they did the big BWV and AUL promotions leads me to believe they have something up their sleeve

The extra VGF1 points are intriguing. I knew they'd have some, but it looks like they will have quite a bit and they are getting more in ROFR. An extra year of points on a direct contract is a very good incentive.

 

[Sandisw]

The extra VGF1 points are intriguing. I knew they'd have some, but it looks like they will have quite a bit and they are getting more in ROFR. An extra year of points on a direct contract is a very good incentive.

But how would it be an extra years of points? Your UY will determine which points you get...opening date doesn't change that...it just changes when the first room can be booked. So, if I have a Dec UY and buy, I will get 2021 points. If deeded to the new VGF building, it would probably mean I can't book anything with them until it opens, but I would still get them.

The only way this does not happen is if they don't start points until the 2022 UY...

 

[RoseGold]

The only way this does not happen is if they don't start points until the 2022 UY...

Seems like they have to. Let's say VGF2 is scheduled to open August 2022 and you buy a March UY in Feb 2022. Those are March 2022 points. The March 2021 points don't exist. The workaround is to buy a VGF1 contract, which does have March 2021 points. Or the workaround to booking now, because you want to book tomorrow, is to buy a VGF1 contract. That seems like a reasonable scenario for someone who bought at a kiosk. And that's how the VGF1 points are more valuable than the VGF2 points in early sales. It would be true as long as sales start before completion, which seems likely. DVC is buying VGF1 for a reason.

 

[Sandisw]

Seems like they have to. Let's say VGF2 is scheduled to open August 2022 and you buy a March UY in Feb 2022. Those are March 2022 points. The March 2021 points don't exist. The workaround is to buy a VGF1 contract, which does have March 2021 points. Or the workaround to booking now, because you want to book tomorrow, is to buy a VGF1 contract. That seems like a reasonable scenario for someone who bought at a kiosk. And that's how the VGF1 points are more valuable than the VGF2 points in early sales. It would be true as long as sales start before completion, which seems likely. DVC is buying VGF1 for a reason.

Except, I can't imagine there would be very many people...including myself that will pay a lot more...just to have those extra points when you can buy the VGF2 points for less. Doesn't seem like a strategy that DVD would do because if that was the case, there would be no reason to not sell them to people now at $255.

RIV started sales in April and didn’t open until December abs the only UY that didn’t get 2019 points was February. So it would surprise me to see UYs not sold.

 

[RoseGold]

Except, I can't imagine there would be very many people...including myself that will pay a lot more...just to have those extra points when you can buy the VGF2 points for less. Doesn't seem like a strategy that DVD would do because if that was the case, there would be no reason to not sell them to people now at $255.

They aren't selling them now at $255 because they are stockpiling them.

They either sell them at the same price until the run out, or maybe they offer them as an upsell. An upsell for an extra year of points sound on brand for DVC to me. You can book tomorrow! You get a whole extra year of points! And that would be how the VGF1 contract ends up costing more and why they are buying so much right now.

 

[Jimmy Geppetto]

They aren't selling them now at $255 because they are stockpiling them.

They either sell them at the same price until the run out, or maybe they offer them as an upsell. An upsell for an extra year of points sound on brand for DVC to me. You can book tomorrow! You get a whole extra year of points! And that would be how the VGF1 contract ends up costing more and why they are buying so much right now.

I may have missed it, but where are you seeing them buy VGF right now? The site sponsor's December ROFR report shows none bought back.

 

[RoseGold]

Link is banned here, but the data is out there.

 

[Jimmy Geppetto]

Link is banned here, but the data is out there.

Can you share the price range that they are buying at? One day I'm hoping this "mysterious link" lands in my hands.

 

[JETSDAD]

I didn't realize ROFR had been that high! Foreclosures are also marching along. DVC will have a good stack of legacy points, maybe points that VGF2 can't even use. That level of ROFR, for points they know they will be sitting on, is very interesting.

It would be really bizarre if we ended up in a scenario where the old points cost more than the new points? Maybe, when they open VGF2 sales, they will sell the old point contracts at the same price as a kind of incentive until they run out. An extra year of points for an old contract would be a big incentive.

DVC ROFRing this high, and inflation gearing up, really makes me doubt VGF2 will be anywhere near RIV. DVC wouldn't be buying at this level if they planned to fire sale this. But then I said that about BW.

In the past 6 months Disney has only gotten back 1 VGF contract via Foreclosure so I don't think that has any impact.

 

[KAT4DISNEY]

The extra VGF1 points are intriguing. I knew they'd have some, but it looks like they will have quite a bit and they are getting more in ROFR. An extra year of points on a direct contract is a very good incentive.

It's not that new buildings or even for AKV that Kidani didn't have current points, it's just that they couldn't be used to book a stay anywhere until after the unit opened. So it won't be that points from Bldg #1 will automatically have extra points compared to Bldg #2. There have been the rare cases where a UY didn't have current points for a new resort when it 1st went on sale if the opening was very late in the year but then DVC just pushes other UY's that do. For those adding on the fact that DVC may be sitting on points to sell that they have been ROFRing means they may not have to make the choice to skip a years worth of points but it hasn't been too common to have to do that. Riviera opening so late had it I think for a couple of UY's . I don't specifically recall it being an issue with other resorts though.

I think VGC may have been the 1st where the resort went on sale and some UY's didn't have what would have been current points. I think I bought my April UY in Feb or so and didn't get the current points but received the points that started that April. And the resort opened in the fall. For awhile if DVC didn't have UY's with current points they would still sell them but several years ago stopped doing that and just considered the UY unavailable until that UY reached it's next UY and had current points.

At the very least this won't be an issue with most UY's and if it could be for some I'd guess that DVC potentially is set up to handle it this time.

 

[KAT4DISNEY]

Except, I can't imagine there would be very many people...including myself that will pay a lot more...just to have those extra points when you can buy the VGF2 points for less. Doesn't seem like a strategy that DVD would do because if that was the case, there would be no reason to not sell them to people now at $255.

RIV started sales in April and didn’t open until December abs the only UY that didn’t get 2019 points was February. So it would surprise me to see UYs not sold.

And it may be dependent on when it goes on sale. DVC sells with current points. If they open the building early enough then all UY's will likely have current points. Or if they start sales late enough they'll all start with current points.

 

[Sandisw]

And it may be dependent on when it goes on sale. DVC sells with current points. If they open the building early enough then all UY's will likely have current points. Or if they start sales late enough they'll all start with current points.

I agree. Given the fast turnaround of the rehab…or more of just an update…I dont think they will need long between starting it and opening for occupancy.

My hope is that they open sales with all UYs getting current points since I need a Dec UY and don’t want to push off buying until December 2022!

 

[hhisc16]

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The Villas at Disney's Grand Floridian Resort & Spa

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