New Poly Tower

[Paul Stupin]

i sorry for my ignorance I thought Gf2 IS a new DVC property

Of course it’s a new property, so, truly, no apology necessary. But I’m talking about post VGF2 properties like DLT and Poly2. But if you misunderstood, absolutely no need to apologize!

 

[Robbie Cottam]

Of course it’s a new property, so, truly, no apology necessary. But I’m talking about post VGF2 properties like DLT and Poly2. But if you misunderstood, absolutely no need to apologize!

I’m willing to bet that the poly 2 will have owner incentives …. And as I pointed out ”deed restriction” does not effect value

 

[Paul Stupin]

i sorry for my ignorance I thought Gf2 IS a new DVC property, oh and as far as deed restricted, I don’t she that as A good or a bad thing…. I won’t ever see it, and the secondary lenders will loan on what disney is currently sell it for.

My “deed restricted“ direct purchase RR came with two use years worth of points…. The resale market is currently 155 a point…. I paid 180…. By my math I’m already 15 dollars a point to the black…. And I have only owned it for 8 months.

Any bets on what incentives Disney offer on the Poly project?

I would bet Poly2 incentives will be great, but not as great as VGF2. It’s not a hotel wing flip, it’s all brand new.

 

[Robbie Cottam]

I would bet Poly2 incentives will be great, but not as great as VGF2. It’s not a hotel wing flip, it’s all brand new.

I bet like RR I have positive equity in it before my first stay….
doesn‘t have to be amazing when you can vacation for free

 

[DebbieB]

but it hasn’t opened yet, so is it new?

Renovated

 

[Robbie Cottam]

Renovated

So new to DVC….
I haven’t had a want or need to stay at GF since I was like 18 so I haven’t paid attention….

 

[Sandisw]

People always say that. They've had giant incentives at Bay Lake Tower, Aulani, and VGF2 just in the last few months. Why do you conclude that those are the last of them?

Disney is buying more in ROFR than they're able to sell at sold out prices. Every once in awhile, they'll run a deal at a sold out resort just to clear their ROFR points. They did it at Boardwalk recently and everyone was confused, but it makes perfect sense if you understand why they exercise ROFR in the first place. They don't ROFR Boardwalk to flip and sell Boardwalk at a profit. The volume is too small to be worth the hassle. They ROFR Boardwalk to keep the price up and make the Direct versus Resale math tilted towards Direct. Getting the points to sell again is just a byproduct of this. That's why they're happy to run random $40 Boardwalk incentives in 2021.

I think the reason we won't see them...unless the sales are flat for VGF/RIV...is they have a lot more points to sell now then they did when they had those sales..and they have DLT coming on line, and Poly tower as well in the next two years.

Prior to the pandemic, sold out resort incentives were not happening...it seemed a strategy to help with sales after they reopened. Not sure they need to do that anymore if what they have is selling at a level they are happy with. And, now that SSR, AKV, and OKW are close in price to RIV/VGF, buyers should go for the newer resorts, which means less points to keep in stock for the older ones.

However, if VGF is selling faster than they thought, and they don't want to have RIV as the only good option for price, before DLT and Poly tower come on board, then I do think we will see more of them. I do not expect it will happen for awhile.

 

[Sandisw]

So new to DVC….
I haven’t had a want or need to stay at GF since I was like 18 so I haven’t paid attention….

Yes, it was a new building that was added to the current VGF association. So, it is providing new rooms, but it did not create a new DVC resort. Poly tower may come into the DVC as a new resort...new condo association.

So, BPK is new but not a new resort...

 

[CaptainAmerica]

And, now that SSR, AKV, and OKW are close in price to RIV/VGF, buyers should go for the newer resorts, which means less points to keep in stock for the older ones.

But they haven't slowed down ROFR at OKW/SSR/AKV. If anything, they've accelerated, taking more and at higher price points.

I 100% agree that nobody is going to buy OKW when they can get GFV for cheaper, but that tells me they're going to need to put out some kind of generous OKW incentive every once in awhile to clear that inventory.

 

[Sandisw]

But they haven't slowed down ROFR at OKW/SSR/AKV. If anything, they've accelerated, taking more and at higher price points.

I 100% agree that nobody is going to buy OKW when they can get GFV for cheaper, but that tells me they're going to need to put out some kind of generous OKW incentive every once in awhile to clear that inventory.

Selling points may only be one reason why they are taking them. Remember, any points they own can be used to sell for cash, or used to give OTU points. As I mentioned, they gave a lot of their own stock away to owners to help soften the blow of the pandemic. Maybe they are just replenishing that stock?

Maybe they have changed strategy to ROFR to get resale and direct closer in price to guide people to direct. Nothing they do makes a lot of sense. I don't think them taking the contracts indicates a sale anytime soon. I think if the sales continue to be like they were in March, they have no need to offer sold out resorts at a bargain until they need to boost sales.

I guess we will see what happens come June!

 

[BeachClub2014]

I 100% agree that nobody is going to buy OKW when they can get GFV for cheaper, but that tells me they're going to need to put out some kind of generous OKW incentive every once in awhile to clear that inventory.

Welllll, at least one family did. We did. We bought OKW directly before it went to $200. At $180 per point, with the 2057 expiration, it wasn't that bad of a deal. We also had no interest in GFV so having the 11-month home resort advantage at OKW was also a consideration.

 

[CaptainAmerica]

Welllll, at least one family did. We did. We bought OKW directly before it went to $200. At $180 per point, with the 2057 expiration, it wasn't that bad of a deal. We also had no interest in GFV so having the 11-month home resort advantage at OKW was also a consideration.

Yeah I'm actually with you. I don't like VGF. But I think we're in the minority, particularly at $200. This is what I want to see. Give me one of these and I'm a Direct buyer at OKW all day long.

 

[BeachClub2014]

Welllll, at least one family did. We did. We bought OKW directly before it went to $200. At $180 per point, with the 2057 expiration, it wasn't that bad of a deal. We also had no interest in GFV so having the 11-month home resort advantage at OKW was also a consideration.

I should also add that we also have an OKW(E) contract awaiting ROFR at $130 per point. If that goes thru then it lowers our overall average per point cost for OKW while preserving half of the points as totally unrestricted. Now we just need DVC to get with the plan!

 

[LAX]

Has this been officially announced?

LAX

 

[CraigInPA]

Has this been officially announced?

LAX

The Poly Tower has been announced by DVC/DVD with artwork and a tentative completion date. But, then again, so was Reflections.

With Disney, you can't count on it until it's actually completed. Look at Pop Century. That was a mostly completed shell for about 10 years.

 

[theMoreDisneytheBetter]

I'd buy 150 CCV direct under $200 even though I don't need it (I just want it) and will be buying 200 Poly 2 (especially if a separate association) even higher. I look at CCV resale at $165 from time to time but then I get nervous about owning resale post 2042/2057.

 

[BamaGuy44]

I'd buy 150 CCV direct under $200 even though I don't need it (I just want it)

Username checks out

 

[theMoreDisneytheBetter]

Username checks out

Ha! Work has been tough lately and all I want to do is dream about not being here. Where better to go than Disney???

I even spent an hour last night dreaming about how I would plan December trips and where I would want to stay if I were retired.

 

[BamaGuy44]

Ha! Work has been tough lately and all I want to do is dream about not being here. Where better to go than Disney???

I even spent an hour last night dreaming about how I would plan December trips and where I would want to stay if I were retired.

I daydream about my retirement vacations all the time. Problem is how to retire and still afford the vacations....

 

[theMoreDisneytheBetter]

I daydream about my retirement vacations all the time. Problem is how to retire and still afford the vacations....

Don’t know about you but I’m planning to hit the lottery. I was all set when the jackpot was at $450mn but maybe it’s better to let it get a little bigger. I mean, think of all the points!!!