New $500 Resale DVC Transfer Fee

[airjay75]

I wonder at what number it would make sense

I ran the numbers at some point. I want to say, to put the yearly cost per point somewhat on par with CCV/BLT/SSR, it need to be down to $10 or $20 per point. Don't remember exactly though. I think even direct RIV/PVB points come out to a better cost per point per year than VB resale at current prices. That said, I didn't account for time value of money or financing costs, and there are definitely other ways to analyze it.

 

[Girlstar30]

I ran the numbers at some point. I want to say, to put the yearly cost per point somewhat on par with CCV/BLT/SSR, it need to be down to $10 or $20 per point. Don't remember exactly though. I think even direct RIV/PVB points come out to a better cost per point per year than VB resale at current prices. That said, I didn't account for time value of money or financing costs, and there are definitely other ways to analyze it.

Yes the 2042 part kills it for me as well, it needs to be free

 

[muppets3d]

Yes the 2042 part kills it for me as well, it needs to be free

If this $500 fee increases over time I could see it happening to VB and a few others given enough time, especially CFW. It could seriously cool demand for a lot of points out there, or at least depress pricing.

 

[VGCgroupie]

I wonder at what number it would make sense

None.

 

[Girlstar30]

None.

Dream killer

 

[muppets3d]

None.

If you only need a contract for a few years, or at worst case until VB expires - you could make the argument. Especially since DVC seems bound and determined to make resale more and more unpalatable as the years go by. The argument of "Buy SSR today and sell it in 2042" may not work out. I certainly wouldn't figure possible future resale value into any of my purchasing decisions of DVC because while it may never be truly zero, it may be close enough to where it basically is. Like a car - they will always have some value to someone, but at a certain point it's sometimes better to just sell it to a junkyard for $500 and be done with it.

 

[muppets3d]

I must of missed that the $500 is on top of the estoppel.

So basically it's money for nothing.

It's money to punish resale and depress the market. If it were actually tied to the cost of doing business it would not be $500.

 

[VGCgroupie]

If you only need a contract for a few years, or at worst case until VB expires - you could make the argument. Especially since DVC seems bound and determined to make resale more and more unpalatable as the years go by. The argument of "Buy SSR today and sell it in 2042" may not work out. I certainly wouldn't figure possible future resale value into any of my purchasing decisions of DVC because while it may never be truly zero, it may be close enough to where it basically is. Like a car - they will always have some value to someone, but at a certain point it's sometimes better to just sell it to a junkyard for $500 and be done with it.

The MF make VB a no go even if the price is $0 per point. Regardless of its expire date.

 

[airjay75]

I feel like one or two years worth of bad dues increases at VB could very quickly push the resale value over the cliff. I think the only real way I could see buying VB is if you knew you wanted to use those points for beach cottage stays through 2042. Not sure there is any category of room there that you can't get into with other DVC points if you're at least minimally flexible on dates of travel.

 

[Girlstar30]

I feel like one or two years worth of bad dues increases at VB could very quickly push the resale value over the cliff. I think the only real way I could see buying VB is if you knew you wanted to use those points for beach cottage stays through 2042. Not sure there is any category of room there that you can't get into with other DVC points if you're at least minimally flexible on dates of travel.

I think when I go back id want to try for one of those cottages, but id want it during turtle season, good luck to me

 

[muppets3d]

I feel like one or two years worth of bad dues increases at VB could very quickly push the resale value over the cliff. I think the only real way I could see buying VB is if you knew you wanted to use those points for beach cottage stays through 2042. Not sure there is any category of room there that you can't get into with other DVC points if you're at least minimally flexible on dates of travel.

Yeah a lot of people have been buying VB as SAPs due to the low buy-in so that has made it reasonably easy to book at 7 months.