New Poly Tower

[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.

Thanks. I am not necessarily interested in purchasing, but was wondering if it's a rumor as I haven't been following new DVC projects closely.

LAX

 

[RoseGold]

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.

Not if VGF2 sells through fairly quickly. Then they're back with RIV and Aulani and need something better to sell direct for a while. Aggressive ROFR shows me that VGF2 is selling well.

 

[Stitchescape]

Our DVC guide said to us that the first week GFV2 went on sale was the best sales they had ever had, by far?! I guess that means that it’s selling well and quickly. Indeed it worked on us lol and we added on at GFV.
I’d already told him that there’s no way we’d ever consider RVA with the resale restriction.
Imho it’s a good thing that DVC has a resort to suit every one of us.

 

[CaptainAmerica]

Not if VGF2 sells through fairly quickly. Then they're back with RIV and Aulani and need something better to sell direct for a while. Aggressive ROFR shows me that VGF2 is selling well.

I'll take that tradeoff.

VGF2 leaving Riviera in the dust would be great news for those of us hoping that they'll reconsider resale restrictions.

 

[Paul Stupin]

I'll take that tradeoff.

VGF2 leaving Riviera in the dust would be great news for those of us hoping that they'll reconsider resale restrictions.

Personally, I think the resale restrictions are here to stay. VDH will have them, and my guess is it will sell pretty well.

 

[CaptainAmerica]

Personally, I think the resale restrictions are here to stay. VDH will have them, and my guess is it will sell pretty well.

I don't put a whole lot of weight on VDH. It's really a unicorn in the DVC landscape. DVC is an Orlando-based volume business. If they decide that restrictions are hurting sales in the swamp, I don't think they'll make a permanent decision to keep them due to VDH.

I certainly think it's possible that they keep them. I'd probably even say better than 50%. But I don't think VDH is the reason.

 

[Sandisw]

Our DVC guide said to us that the first week GFV2 went on sale was the best sales they had ever had, by far?! I guess that means that it’s selling well and quickly. Indeed it worked on us lol and we added on at GFV.
I’d already told him that there’s no way we’d ever consider RVA with the resale restriction.
Imho it’s a good thing that DVC has a resort to suit every one of us.

That was just current owners though and until numbers come out for April..hopefully in the next week..we will see if that excitement carried the same way with new buyers.

 

[Sandisw]

I'll take that tradeoff.

VGF2 leaving Riviera in the dust would be great news for those of us hoping that they'll reconsider resale restrictions.

The April numbers will give us some info on this with new buyers in terms of choice. IMO, it has to be a big discrepancy in the two to make them consider it. If it’s close, then I think it will cause them to stick.

 

[CaptainAmerica]

The April numbers will give us some info on this with new buyers in terms of choice. IMO, it has to be a big discrepancy in the two to make them consider it. If it’s close, then I think it will cause them to stick.

I agree. VGF is the flagship resort, and Disney hasn't convinced people that the Skyliner >= the monorail yet. VGF should outperform Riviera. The question is whether it outperforms Riviera so badly that they conclude that there must be something wrong with Riviera itself.

 

[DduzDis]

True. But at least I understand a new buyer who knows nothing about the product, and doesn’t know enough to realize that there’s anything more to know, getting caught up in the excitement while on a WDW trip and buying a Poly contract, unaware that there’s even a resale market, let alone new construction plans.

What I don’t understand are buyers who actually are familiar with the resale market and Poly2, who are buying Poly resale contracts anyway. Even if they have zero interest in the new tower and only plan on staying in Poly1 studios forever, Poly2 has the potential to decrease the amount of Poly1 resale buyers if it’s a different association...and fewer buyers could mean a lower resale price in a few years. Personally, I’d rather buy a resale contract whose long term value has a greater chance of going up than going down.

I guess you could argue that even if Poly2 is a separate association the ability to use its amenities could help Poly1 value. But, then, initial Poly2 sales incentives could be, like VGF2, very competitive, especially since it will potentially have one, two and three bedrooms. So who would want Poly1 if you could buy Poly2 direct for only a little more?

I bought Poly1 direct last year (so theoretically farther for my value to drop). I am not at all interested in Poly2 if it is a separate association but will check into it if the same (and theming comes around). I bought Poly1 for what it is and the memories we have made and will continue to make there. I bought it for studios for shorter trips for parties or festivals. Naturally, this did occur prior to knowing about Poly2, but it would not have changed my mind based on perceived changes in value. I don't plan to sell but if I did there is a market for it at SOME price.

 

[theMoreDisneytheBetter]

I agree. VGF is the flagship resort, and Disney hasn't convinced people that the Skyliner >= the monorail yet. VGF should outperform Riviera. The question is whether it outperforms Riviera so badly that they conclude that there must be something wrong with Riviera itself.

I also think walking > skyliner. For me even though Riviera is fancier than BC BC wins on location by a mile in terms of Epcot resorts.

 

[CaptainAmerica]

I also think walking > skyliner.

Not for me (and I'm not a Riviera fan by any stretch). I like entering Epcot from the main entrance, and I really hate that walk to Hollywood Studios.

 

[theMoreDisneytheBetter]

Not for me (and I'm not a Riviera fan by any stretch). I like entering Epcot from the main entrance, and I really hate that walk to Hollywood Studios.

In that case Riviera = Beach Club, because you can still take the skyliner over to HS but you enter into the same back entrance, only without the walk.

 

[xipotec]

am I the only one who thinks a Poly “Tower” totally destroys the idea of what the Poly is?

 

[CaptainAmerica]

am I the only one who thinks a Poly “Tower” totally destroys the idea of what the Poly is?

I never thought the Poly was much of what people claimed the Poly to be in the first place.

If that makes sense.

 

[Robbie Cottam]

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!!!

Same plan…1.5 billion here ….. but I’m high maintenance …
it’s a good plan it will happen

 

[AvidDisReader]

The April numbers will give us some info on this with new buyers in terms of choice. IMO, it has to be a big discrepancy in the two to make them consider it. If it’s close, then I think it will cause them to stick.

I believe we should look at April numbers with caution. They are probably going to be very strong. From many who posted on this and other sites, Cast Members were swamped with requests. So much so, that there were many posters stating that even though they purchased GFV in March they did not close until late March and early April meaning many March closing will show up in the April numbers. The real test will be in the May numbers, just my opinion,

 

[TCRAIG]

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!!!

AKA - the Redneck Retirement Plan

 

[AvidDisReader]

Same plan…1.5 billion here ….. but I’m high maintenance …
it’s a good plan it will happen

My mom was very tight with a buck, yet bought lottery ticket every week. When I tried to lecture her about throwing her money away she gave me a look that only a mother can and said " you can't win if you do not play".

 

[Sandisw]

I believe we should look at April numbers with caution. They are probably going to be very strong. From many who posted on this and other sites, Cast Members were swamped with requests. So much so, that there were many posters stating that even though they purchased GFV in March they did not close until late March and early April meaning many March closing will show up in the April numbers. The real test will be in the May numbers, just my opinion,

I agree. I was responding more to how strong it was in March. The real test and market for DVD is new buyers and we will get some of that in the April numbers.

But, it will take a few months of sales to see if there are any trends between the two…and definitely before DVD uses the info to make any changes to the program, especially when it comes to restrictions. .