We found out that we passed ROFR on a 25 pt contract at VWL yesterday around 9PM. As much as I love Disney, buying a large contract doesn't seem to make a lot of sense for us. We bought a 3 BR Star Island TS for $1 for the week we normally go in August. The
DVC contact will get us a couple days on site before or after our TS week, and a nice discount on APs.
We previously thought about buying a DVC to cover a week, but it would have cost us $20,000+ for enough points to stay a week in a 2 BR. For $19,999+ less we get an extra bedroom for the week. It's an extra 4 miles away, but we avoid EMH and drive our own car down every year, so it's not a big deal.
The way I see it, less than $2500 (the cost of the DVC resale + $1) is getting me 9-10 days at WDW every year, the chance to stay on site for a few nights every year, and nice discounts on APs, and the ability to bring my sister's family or my parents down with me for a few days.
I'm a total Disnaholic, but I think they are overvaluing their product in this economy. The price of resales has dipped, even with ROFR, yet DVC continues to raise the price on the sale of points. If they can still make sales then more power to them, but I think they are going to have a hard time. Especially when the "stability and flexibility" selling point has pretty much been destroyed in the last week, even if the reasons were valid, neccessary, and/or legal.
