Grand Californian crossing $200/pt resale

[longboard55]

As the economists would say the laws of supply and demand

 

[wbl2745]

Wow. Makes me want to consider selling. We bought seven years ago for $92 per point.

 

[SherylLC]

I wonder what will happen to prices if there is a DVC in new hotel....

 

[longboard55]

why sell. it's doing better than Amazon

 

[ScubaCat]

I wonder what will happen to prices if there is a DVC in new hotel....

We'll find out in just a few years. I bet it won't have much impact. The direct price will creep up annually, and the new property will sell for 10-15% less than that just like they do today.

 

[LAX]

We'll find out in just a few years. I bet it won't have much impact. The direct price will creep up annually, and the new property will sell for 10-15% less than that just like they do today.

I agree any new DVC likely won't have much impact at least in the long run as the number of available units will still be relatively small. Maybe when the next DVC is actively selling, VGC resale can lose some steam because people may opt for the new resort, especially if the difference in price is not much. Once that sells out, the resale market for VGC will go back to chugging along like it is now. I think the only thing that would put a dent on VGC resale price is probably an economic downturn where owners may need to dump their contracts for various reasons. However, the number of contracts will likely still be small enough that it won't nosedive.

LAX

 

[ScubaCat]

I agree any new DVC likely won't have much impact at least in the long run as the number of available units will still be relatively small. Maybe when the next DVC is actively selling, VGC resale can lose some steam because people may opt for the new resort, especially if the difference in price is not much. Once that sells out, the resale market for VGC will go back to chugging along like it is now. I think the only thing that would put a dent on VGC resale price is probably an economic downturn where owners may need to dump their contracts for various reasons. However, the number of contracts will likely still be small enough that it won't nosedive.

LAX

It's unlikely VGC will ever lose steam, especially since (keeping with the analogy here) there isn't much steam to lose. It's VERY, VERY small (48 TOTAL 2BR units plus 2 3BR GVs), so there's not really that much resale action on it as-is. That's the main reason they hiked the price up so significantly. As a comparison, I'm sure Riviera will be a good seller, especially being on the gondola line with the rooftop fireworks-view restaurant and all, but it won't make BWV and BCV any less popular.

 

[LAX]

It's unlikely VGC will ever lose steam, especially since (keeping with the analogy here) there isn't much steam to lose. It's VERY, VERY small (48 TOTAL 2BR units plus 2 3BR GVs), so there's not really that much resale action on it as-is. That's the main reason they hiked the price up so significantly. As a comparison, I'm sure Riviera will be a good seller, especially being on the gondola line with the rooftop fireworks-view restaurant and all, but it won't make BWV and BCV any less popular.

Not sure if VGC was already available as resale during the last economic downturn, but if it was, did it go down at all?

LAX

 

[ScubaCat]

Not sure if VGC was already available as resale during the last economic downturn, but if it was, did it go down at all?

LAX

Good question. It probably dropped a little, but contracts are somewhat rare compared to all the other properties. Resale is always available with timeshares. We'll even start seeing CCV contracts pop up fairly soon.

 

[DebbieB]

I’m considering a 100 point VGC add on but I can’t bring myself to pay that much. I could kick myself for waiting.

 

[KAT4DISNEY]

Not sure if VGC was already available as resale during the last economic downturn, but if it was, did it go down at all?

LAX

It was still in sales and DVC dropped it all the way down to around $88/pt with discounts. I believe resale probably was somewhere in the $80's for a bit.

I looked back at the 2010/2011 timeframe for ROFR and some reported buying VGC for $63-$65 and quite a few in the $70's.

 

[ScubaCat]

It was still in sales and DVC dropped it all the way down to around $88/pt with discounts. I believe resale probably was somewhere in the $80's for a bit.

I looked back at the 2010/2011 timeframe for ROFR and some reported buying VGC for $63-$65 and quite a few in the $70's.

Yeah, that was both during a tough economic times and was also before the "Potrock regime" as I call it. I'm a little surprised it got quite that low.. I don't recall BWV/BCV dropping below $80 but maybe they did.

 

[KAT4DISNEY]

Yeah, that was both during a tough economic times and was also before the "Potrock regime" as I call it. I'm a little surprised it got quite that low.. I don't recall BWV/BCV dropping below $80 but maybe they did.

I remember them getting down into the $70's anyway for BCV - I kind of feel even might have made mid $60's. BWV went lower - I bought it for $50 in 2011.

 

[LAX]

It was still in sales and DVC dropped it all the way down to around $88/pt with discounts. I believe resale probably was somewhere in the $80's for a bit.

I looked back at the 2010/2011 timeframe for ROFR and some reported buying VGC for $63-$65 and quite a few in the $70's.

Who said DVC is not a good investment!

LAX

 

[DougEMG]

I remember them getting down into the $70's anyway for BCV - I kind of feel even might have made mid $60's. BWV went lower - I bought it for $50 in 2011.

I bought 3 BWV contracts in 2012 all in the mid 50s. Those were the good old days if you were a purchaser.

 

[Bing Showei]

Who said DVC is not a good investment!

LAX

Maybe the guy who bought that same VGC contract the year before for $120/pt?

Or the guy who invested in the S&P in April 2010 instead and saw an annualized return (corrected for inflation) of 11.2%?

 

[LAX]

Maybe the guy who bought that same VGC contract the year before for $120/pt?

Or the guy who invested in the S&P in April 2010 instead and saw an annualized return (corrected for inflation) of 11.2%?

How about those who are buying add-on at $240 now (is that the current direct price? can't keep track)?

LAX