looking at the timeshare store whats up with everyone selling saratoga springs??

[dis2cruise]

i can't believe how many people are selling this is the most i have seen in a while...i wonder why??

 

[Snowgod]

i can't believe how many people are selling this is the most i have seen in a while...i wonder why??

To pay for food and gasoline!

 

[spiceycat]

maybe hoping to buy KT?

that say - there were times when BWV was the most.

SSR is the biggest of the DVC resort - so it and OKW should have the most.

 

[Bichon Barb]

Assuming it passes RoFR, looks like you can get 200 SSR points for a few hundred dollars more than 160 AKV points through Disney?

Veddy interesting.

 

[LIFERBABE]

To pay for food and gasoline!

Exactly!

DVC is a luxury. When food and gas start eating away at your budget and Sam's Club is rationing rice and sugar, the last thing some people are worried about is their next Disney Vacation.

Also the incentives. With the current incentive, I could buy SSR today, get 2 years worth of points(3 if I borrow), a $10 discount and a $500 Gift Card. I could use all that up and sell the contract for the cost of the comission and some time. Not planning on it, but I could.

 

[gkrykewy]

Probably something like this:

For the bulk of the last few years, until AKV went on sale (and even after, due to better incentives for SSR - we were heavily pitched SR when we bought AKV), most new DVC owners would have bought at SSR.

The most likely time for someone to regret their decision and want to bail is probably shortly after they buy - maybe it was a spontaneous decision, or maybe they really can't justify it once the maintenance bills start coming, or maybe they make a trip or two and decide it wasn't what they thought it was.

Therefore, we're probably in something of a boom period for SSR short-term 'regret' sales, which followed a boom period for SSR purchases.

If this is true, there will probably be an AKV regret-sale boom in the next 1-2 years as well, although probably a smaller boom as AKV is smaller than SSR, and there are probably more people who bought at AKV because they love AKV, rather than simply buying into DVC at the DVC resort with the best deal.

 

[Starr W.]

But I find interesting are the AKV resales I have seen already.

 

[starbox]

ITA that 1-3 years after a purchase is probably the time people are most likely to sell.

Disney does not do a particularly good job screening buyers for credit approval and I think there is a large percentage of people that buy in figuring they can afford the monthly payments on a 10 year loan and fail to take into account the fact that DVC vacations are going to cost a whole lot more than just paying for the points. Or they buy in w/out kids or with one toddler that visits Disney free - then a few years later have two or three kids that require tickets and meals - and it's suddenly a whole lot more expensive to maintain an annual Disney habit.

Add to that the fact that they may be having a hard time adjusting budgets around ARM mortgages that keep going up, gas prices continuing to go up, food costs going up............and many families have significantly less disposable income than they did when they bought in.

People that have owned for a few years are more likely to have a realistic and doable vacation budget worked out by now. I also expect AKV, Hawaii, and KT resales to spike until the dust settles and a core group of stable owners emerges.

 

[Greg K.]

It's the economy, Stoopid

I suspect some people are caught in the mortgage mess...others are suffering gas pump shock.

DVC (or even a nice long vacation) is a luxury many can do without. Especially now.

I suspect more people will be staying closer to home in the months ahead -- taking a "Staycation."

 

[DisDaydreamer]

ITA that 1-3 years after a purchase is probably the time people are most likely to sell.

Disney does not do a particularly good job screening buyers for credit approval and I think there is a large percentage of people that buy in figuring they can afford the monthly payments on a 10 year loan and fail to take into account the fact that DVC vacations are going to cost a whole lot more than just paying for the points. Or they buy in w/out kids or with one toddler that visits Disney free - then a few years later have two or three kids that require tickets and meals - and it's suddenly a whole lot more expensive to maintain an annual Disney habit.

Add to that the fact that they may be having a hard time adjusting budgets around ARM mortgages that keep going up, gas prices continuing to go up, food costs going up............and many families have significantly less disposable income than they did when they bought in.

People that have owned for a few years are more likely to have a realistic and doable vacation budget worked out by now. I also expect AKV, Hawaii, and KT resales to spike until the dust settles and a core group of stable owners emerges.

I think you are right on the money.

 

[Joey7295]

There are also alot more SSR contracts than anywhere else, therefore there should be more contracts on the resale market

 

[salmoneous]

i can't believe how many people are selling this is the most i have seen in a while...i wonder why??

To keep things in perspective - there are tens of thousands of SSR owners. Only a tiny percentage are up for sale.

 

[ADP]

Since SSR has (or close to) the largest population of DVC members as their home resort it wouldn't surprise me to see SSR as the highest availability on the resale market. I guess its the law of averages. Also, most people are still paying on their SSR contracts since it is a recent "on sale" resort for DVC. Most of the other resorts have been around long enough for most people to have paid off their contracts or sell based on their financial situation.

 

[snowbunny]

But I find interesting are the AKV resales I have seen already.

I think some people buy or add on just for the incentives, developer points etc. and then dump the extra contract - recoup what they spent plus they've gotten a very nice vacation or two out of it.

Also agree with the statements about the economy. And what about those who took out a HELOC to finance for their DVC and are now underwater on their homes....

 

[mom2rb]

I am one of the ones selling an SSR contract. I have three ( 150, 150, 120 ). I also have two at AKV ( 75, 75 ). DH and I want a total of 600 points. We plan on buying two 75 point contracts at CRV, this leaves us with an extra 120 points. So that is the one we are selling.

 

[bgraham34]

I was talking with a former DVC owner 2 weeks ago and they told me that they sold SSR because of the fuel going up mostly. They said selling 200 points would give them 1 year of gas and heating oil.

 

[lugnut33]

I know we were looking at buying (and will when KT comes for sale) to do trips every year, but now it will only be everyother year due to the costs associated with traveling. Besides, the way Disney is raising prices on incedentals, food, and park tickets I might be priced out in the next few years. The only ones to afford it will be rich Europeans.

 

[Greg K.]

I know we were looking at buying (and will when KT comes for sale) to do trips every year, but now it will only be everyother year due to the costs associated with traveling. Besides, the way Disney is raising prices on incedentals, food, and park tickets I might be priced out in the next few years. The only ones to afford it will be rich Europeans.

Good point. A couple weeks ago, another Disney website looked at the issue of ME, and what a great enticement that is for people -- free transportation to Disney from the airport! But once they have you in their clutches (cue sinister music) they crank up the prices like CRAZY. You can't get off property, and you have to pay through the nose.

How can Disney afford free ME? Just look at the rates going up for stroller rental, park tickets and food. Sad but true.

Of course, none of that will stop me from going back again and again and again...

 

[snowbunny]

How can Disney afford free ME?

They make a fortune keeping people on property without a car.

 

[Luigi's Girl]

It's the economy, Stoopid

I suspect some people are caught in the mortgage mess...others are suffering gas pump shock.

DVC (or even a nice long vacation) is a luxury many can do without. Especially now.

I suspect more people will be staying closer to home in the months ahead -- taking a "Staycation."

That is a great word!!