Let's speculate about Polynesian some more!

[mkatsy]

I doubt it's his handiwork, as the guides are usually trying to sell active resorts. I also wouldn't assume the buyer has no idea. Maybe they want the direct points, but didn't want to buy RIV or CFW. Or they just wanted direct Poly points.

I’m sure you’re right, not everyone even cares about the tower, and most people don’t obsess about it the way a handful of us do. But that new guide is ruffling some feathers I have not had the pleasure of crossing paths with him. Everyone I have ever interacted with has been lovely.

 

[Cabius]

I guess I just dint see them selling someone new PVB points right now at $250 if they know it’s gojng to be lower in just a few months with the tower if it’s all going to be one association.

But they aren't actively marketing PVB. I don't think how they handle one-off inbound leads is indicative of a defined strategy. It's more on autopilot.

I think of it from a guide's perspective:

A customer contacts me and asks to buy PVB, even though it's sold out. I have a very limited supply of PVB points through RofR purchases. It's priced at $250/point. It went into "sold-out" pricing mode a few years ago, and there hasn't been any reason to bring it down. (I suspect DVC leadership knows that if they changed PVB pricing, the weirdo sleuths on internet forums would read into it about what we were planning for the Tower.)

If I'm a guide, I don't actually know what PVB2 pricing will be, or whether it will be part of the same association. I hope to find out more this summer, but at this point I can't guarantee anything to my buyer.

More critically, I don't want to lose the sale. Even if I knew that the Tower would be folded into PVB at base $225, I'd gladly sell it for $250 right now. I've got a sales quota to make, and I don't want to sell at a lower price, or see the contract land with a different Guide! This buyer reached, willing to pay a premium price for PVB right now. No salesperson in the world is going to tell them "no, just wait 6 months and maybe you'll get it for cheaper".

 

[Sandisw]

But they aren't actively marketing PVB. I don't think how they handle one-off inbound leads is indicative of a defined strategy. It's more on autopilot.

I think of it from a guide's perspective:

A customer contacts me and asks to buy PVB, even though it's sold out. I have a very limited supply of PVB points through RofR purchases. It's priced at $250/point. It went into "sold-out" pricing mode a few years ago, and there hasn't been any reason to bring it down. (I suspect DVC leadership knows that if they changed PVB pricing, the weirdo sleuths on internet forums would read into it about what we were planning for the Tower.)

If I'm a guide, I don't actually know what PVB2 pricing will be, or whether it will be part of the same association. I hope to find out more this summer, but at this point I can't guarantee anything to my buyer.

More critically, I don't want to lose the sale. Even if I knew that the Tower would be folded into PVB at base $225, I'd gladly sell it for $250 right now. I've got a sales quota to make, and I don't want to sell at a lower price, or see the contract land with a different Guide! This buyer reached, willing to pay a premium price for PVB right now. No salesperson in the world is going to tell them "no, just wait 6 months and maybe you'll get it for cheaper".

They were not actively marketing BPK either when they stopped direct sales 9 months before it started up again for the new rooms.

You could not buy VGF at the sold out price even if you wanted to do it. I checked back then and it meant a lost sale. Why would it be any different with PVB ?

That is why I think the selling means one or two things..base price for Poly tower will be $250/pt to match current pricing since it will be part of PVB…or, they will be doing something else with association to start it lower

I just don’t see it being base $225 or $239 and part of PVB, and selling it now for $250, sale or no sale.

 

[maui22]

FWIW, I counted the number of PVB sales so far in February and it's the same number dvcnews reported in the January numbers. I didn't add up the points from the Deeds.

Could we see BLT and VGF at $285, Polynesian at $255-$260 base price? Then throw in some incentive based on number of points.

 

[mkatsy]

FWIW, I counted the number of PVB sales so far in February and it's the same number dvcnews reported in the January numbers. I didn't add up the points from the Deeds.

Could we see BLT and VGF at $285, Polynesian at $255-$260 base price? Then throw in some incentive based on number of points.

Did you look at the deeds? Almost all of them are from unit 81. I’m not sure I understand how this process works. If the points that are sold in a “sold out” resort are from ROFER and defaulted mortagages, wouldn’t the units be from all over the property?

 

[Sandisw]

Did you look at the deeds? Almost all of them are from unit 81. I’m not sure I understand how this process works. If the points that are sold in a “sold out” resort are from ROFER and defaulted mortagages, wouldn’t the units be from all over the property?

Yes but units can be a lot more than just one room. So, it’s possible that that unit had a lot of points to it and the points DVd still owns were enough to sell from just one.

For example, BPK consists of only two units…Unit 11 and Unit 12…so all 202 rooms make up those.

 

[aka Charles]

They were not actively marketing BPK either when they stopped direct sales 9 months before it started up again for the new rooms.

You could not buy VGF at the sold out price even if you wanted to do it. I checked back then and it meant a lost sale. Why would it be any different with PVB ?

That is why I think the selling means one or two things..base price for Poly tower will be $250/pt to match current pricing since it will be part of PVB…or, they will be doing something else with association to start it lower

I just don’t see it being base $225 or $239 and part of PVB, and selling it now for $250, sale or no sale.

All of this makes no sense to me, as well.
If Poly2 is going to be the same association, why is Poly1 even available for sale right now?
On top of that, the Add-on Tool page on the DVC website strangely is not listing VGF at all, and hasn't for weeks.
So Poly1 is selling when common business sense and past history says it should not be, and VGF is missing in action when it should be available at high sold-out pricing.
I wonder what's next, DVC condos in Miami?
lol
.

 

[mkatsy]

All of this makes no sense to me, as well.
If Poly2 is going to be the same association, why is Poly1 even available for sale right now?
On top of that, the Add-on Tool page on the DVC website strangely is not listing VGF at all, and hasn't for weeks.
So Poly1 is selling when common business sense and past history says it should not be, and VGF is missing in action when it should be available at high sold-out pricing.
I wonder what's next, DVC condos in Miami?
lol
.

The brand new S-Corp is starting to get registered in all the states. This is Connecticut.

 

[Hubalorian]

The brand new S-Corp is starting to get registered in all the states. This is Connecticut.

Could this mean a new association for DVC might be going on sale soon? Are those the dots I’m supposed to be connecting?

 

[mkatsy]

Could this mean a new association for DVC might be going on sale soon? Are those the dots I’m supposed to be connecting?

I don’t know but there is a whole lot of paperwork being shuffled around. DVC has basically run the same since it’s inception. Suddenly there are a bunch of changes being made. Could be getting ready for Poly, could be fall out from Reedy Creek, who knows?

 

[maui22]

Yes but units can be a lot more than just one room. So, it’s possible that that unit had a lot of points to it and the points DVd still owns were enough to sell from just one.

For example, BPK consists of only two units…Unit 11 and Unit 12…so all 202 rooms make up those.

@Sandisw is correct. From what I recall (been 7-8 years since I looked), PVB declarations. Each unit consisted of one of the following combinations of room:

• 2 bungalows
• 4 studios
• 6 studios

 

[maui22]

Did you look at the deeds? Almost all of them are from unit 81. I’m not sure I understand how this process works. If the points that are sold in a “sold out” resort are from ROFER and defaulted mortagages, wouldn’t the units be from all over the property?

I did look at deeds. Earlier in the week I also noticed unit 81 on several deeds. When looking today (not checking each one only looking at the association), I noticed other units.

Disney used to follow a very strict unit assignment where all points in a unit were assigned a specific UY. They had to ROFR enough points in a unit for the UY that a buyer wanted. At some point, they changed this policy. I believe they still follow a policy of no more than 98% of all points in a unit are sold.

For CFW, they will no longer have to follow this policy because there are no units. Imagine all the units at all DVC properties where they have more than 2% of points, but not enough for even a 50 point sale. Adds up when there are thousands of units across all properties.

 

[Sandisw]

I did look at deeds. Earlier in the week I also noticed unit 81 on several deeds. When looking today (not checking each one only looking at the association), I noticed other units.

Disney used to follow a very strict unit assignment where all points in a unit were assigned a specific UY. They had to ROFR enough points in a unit for the UY that a buyer wanted. At some point, they changed this policy. I believe they still follow a policy of no more than 98% of all points in a unit are sold.

For CFW, they will no longer have to follow this policy because there are no units. Imagine all the units at all DVC properties where they have more than 2% of points, but not enough for even a 50 point sale. Adds up when there are thousands of units across all properties.

And that could be a benefit of moving sales for future properties to the trust model they have set up.

The property remains owned by DVD but what they sell is use, which doesn’t attach to any specific unit.

While maybe Poly tower won’t be part of this move, I do think it will take shape in the future.

 

[bakerr6]

The only reason I could think that they would deviate from prior practices is that the tower is a completely different experience than PVB1. With BPK, they were selling essentially the same product, but the tower is completely different than the rest of the poly experience.

I believe that may be a bigger driving factor for allowing current direct sales than which association it's attached to.

 

[MarkNC2Disney]

With BPK, they were selling essentially the same product, but the tower is completely different than the rest of the poly experience.

They’re inverses of each other.
A bunch of studios to “compliment” an already balanced VGF1 (and perfect the way it was, IMO), versus a balanced tower to round out studio heavy PVB1.

 

[bakerr6]

They’re inverses of each other.
A bunch of studios to “compliment” an already balanced VGF1 (and perfect the way it was, IMO), versus a balanced tower to round out studio heavy PVB1.

I think you're looking at it from a disboards perspective. The people they gear direct towards are less educated on the differences and would consider the tower to be vastly different than the rest of the resort, where many of the people purchasing bpk would consider it extremely similar to the original building.

 

[MarkNC2Disney]

I think you're looking at it from a disboards perspective. The people they gear direct towards are less educated on the differences and would consider the tower to be vastly different than the rest of the resort, where many of the people purchasing bpk would consider it extremely similar to the original building.

Don’t disagree with you about Poly tower.

But BPK… is not extremely similar to the original building at all IMO. They’re both quite a lot different than their predecessors.

 

[eticketplease]

I think you're looking at it from a disboards perspective. The people they gear direct towards are less educated on the differences and would consider the tower to be vastly different than the rest of the resort, where many of the people purchasing bpk would consider it extremely similar to the original building.

I have to disagree with you there. We were existing owners but wanted to see the new resort studios. They also showed us the rooms in the regular building. I’m not sure how you could consider the buildings similar when one only has hotel rooms where the other clearly has the larger rooms with the kitchen.

 

[Sandisw]

I think you're looking at it from a disboards perspective. The people they gear direct towards are less educated on the differences and would consider the tower to be vastly different than the rest of the resort, where many of the people purchasing bpk would consider it extremely similar to the original building.

I honestly don’t think it would have anything to do with the soil Aries or differences but the decision by DVD to sell it as a different product, either as RTU vacation plan or leasehold condo new with restrictions in both cases.

if they want to abandon the ability to put in restrictions and don’t want it sold like CFW, then it will go to PVB and sold as normal.

 

[bakerr6]

Don’t disagree with you about Poly tower.

But BPK… is not extremely similar to the original building at all IMO. They’re both quite a lot different than their predecessors.

I agree with you 100%. I just think the people they are targeting may view the addition in a different light.