Overpriced relative to other
DVC. It is driven by scarcity at DLR with the price doubling in 3 years, it was overdue to crash back down to earth. Most other resorts have now unwound their pandemic ramp up.
If VDH floods the system and we start seeing resale contracts in a more reasonable window, like 150$, I'm not sure if VGC pricing can really stick. If VDH also has rooms bookable by SAP at 7 months that will devalue the entire resort as a whole.
Even the amortized cost boggles my mind, but somehow people justify it as a savings against the jaw dropping cash prices. I realize I am discussing this with a bunch of recent VGC converts.
I'd also start with the old timeshare adage that direct in general is always overpriced, so VDH is coming in overpriced as well.