New Poly Tower

[Sandisw]

I am actually considering adding on at Riviera. Already own VGF and I would rather add at Riviera. Resale restrictions don't bother me too much. If I take a hit if I sell it so be it. I would rather buy where I want to stay. I need a Epcot resort anyways and BCV and BWV are too short for me. Riviera is almost as good of a location IMO. I like the look of the new Poly so far, Poly IMO actually has a decent Epcot location as well.

Which is why I think there will be a market for Poly tower even if it has restrictions on it. I will add on more points at Poly tower, but only if it is new. Of course, we have RIV direct and resale so obviously, not bothered by them either. If they stick around, and in 10 years, it will apply to more resorts, so it won't be unique.

 

[paslaugh]

But they really haven't...you don't sell almost 3 million points in 3 years and say no one wants it. Not to mention they had a 3 month shut down, pandemic and depressed travel during that timeframe.

While it may have turned some away and sales might have been higher had it not had them, it is still selling. Plus It is a different product and therefore I think its held its own against other ones.

Now, with it competing against VGF it might give us something as you will be comparing sales at the same time, with the same environment. In terms of resale value, you just never know. Plenty of RIV contracts are selling for higher than many expected, so there is still a market for those points. I think a restricted Poly tower would do just fine and people would be willing to buy to use points only there are part of what they own. I think we will see a depressed Poly 1 points if this is new.

I don’t know if we’ll ever know for sure if Riv is selling as they want, however I do think that the recent direct price bumps at SSR, OKW, and AKV were precisely done to make RIV and AUL more appealing by comparison.

 

[Robbie Cottam]

I think we could be debating for 24 months!!! Gosh I need to be wrong!!!

If it opens in summer of 24 I hope they start selling points in 23 sometime….
at that point we would have facts …..

 

[Sandisw]

I don’t know if we’ll ever know for sure if Riv is selling as they want, however I do think that the recent direct price bumps at SSR, OKW, and AKV were precisely done to make RIV and AUL more appealing by comparison.

We don't know exactly what they are thinking, but I do believe they are content with the sales because the price has gone up and incentives have gone down...for the most part. The point was that plenty of new buyers love the resort and have chosen it...prior to the shut down, it had some great months...so, the potential was there.

 

[Sandisw]

If it opens in summer of 24 I hope they start selling points in 23 sometime….
at that point we would have facts …..

Opening late 2024...so don't need to start selling until Spring 2024 if you go by other sale start dates...

 

[Robbie Cottam]

Take her to Aulani once and you'll never have to stay at the Poly again.

I have no use of sitting on a slow airplane that long in my life….

and I fly one for a living…..

 

[Robbie Cottam]

i bought RR at 180 direct. I got the “bonus“ years worth of points. The points are already 155 on the resale market…. If I sold now I would be 15 per point ahead of the game in 8 months. I don’t see the restrictions hurting the resale market at all.

 

[Paul Stupin]

Which is why I think there will be a market for Poly tower even if it has restrictions on it. I will add on more points at Poly tower, but only if it is new. Of course, we have RIV direct and resale so obviously, not bothered by them either. If they stick around, and in 10 years, it will apply to more resorts, so it won't be unique.

I will add on more points as well so long as it‘s a different association. The resale restrictions, which originally bothered me with Riviera, don’t anymore. I‘ll be able to use the direct points anywhere, and years later, if I ever sell, they‘ll probably represent a pretty good deal in comparison to the sold out Poly2 direct price.

 

[CaptainAmerica]

I will add on more points as well so long as it‘s a different association. The resale restrictions, which originally bothered me with Riviera, don’t anymore. I‘ll be able to use the direct points anywhere, and years later, if I ever sell, they‘ll probably represent a pretty good deal in comparison to the sold out Poly2 direct price.

I don't care about new versus existing association, but I'll buy Direct at the next "great deal" they offer with no restrictions. Poly2 launch incentives, or a great incentive at OKW/SSR/AKV/AUL. But I won't buy a restricted deed.

 

[Paul Stupin]

I don't care about new versus existing association, but I'll buy Direct at the next "great deal" they offer with no restrictions. Poly2 launch incentives, or a great incentive at OKW/SSR/AKV/AUL. But I won't buy a restricted deed.

I don’t think you’ll see another “great deal“ for any new DVC properties, if by “great deal” you mean both generous incentives and no resale restrictions. And I think there will be many buyers who will in fact be excited to buy a resale restricted Poly2, myself included!

 

[Robbie Cottam]

gf2 is 207 direct

I don’t think you’ll see another “great deal“ for any new DVC properties, if by “great deal” you mean both generous incentives and no resale restrictions. And I think there will be many buyers who will in fact be excited to buy a resale restricted Poly2, myself included!

Seems like a pretty good deal to me …. Considering BLT is 245 direct and 170 to 195 resale

 

[paslaugh]

gf2 is 207 direct


Seems like a pretty good deal to me …. Considering BLT is 245 direct and 170 to 195 resale

Not just that, VGF2 was 186 with incentives at 200 points, which I had broken into 100pt contracts. I couldn’t believe how low they started with that.

 

[Robbie Cottam]

Not just that, VGF2 was 186 with incentives at 200 points, which I had broken into 100pt contracts. I couldn’t believe how low they started with that.

i would have done that but the wife refers poly…. And my step daughter loves the “stitch resort” so.…. My hands are pretty much tied

 

[Robbie Cottam]

Interesting little side note
new VGF2 direct is less than the original VGF resale

 

[CaptainAmerica]

I don’t think you’ll see another “great deal“ for any new DVC properties, if by “great deal” you mean both generous incentives and no resale restrictions.

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.

 

[Paul Stupin]

gf2 is 207 direct


Seems like a pretty good deal to me …. Considering BLT is 245 direct and 170 to 195 resale

Agreed! But, if you’ve been following the discussion, I’m referring to post VGF2 new DVC properties.

 

[Robbie Cottam]

Agreed! But, if you’ve been following the discussion, I’m referring to post VGF2 new DVC properties.

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?

 

[Paul Stupin]

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.

As I mentioned, I’m referring to new construction DLT properties, not resorts that they’re buying in ROFR. Do you honestly think DLT won’t have restrictions? By your definition, I don’t think you‘ll find any new properties post VGF2 without resale restrictions. Just my opinion, of course, but Disney’s playing the long game, and that appears to be their strategy.

 

[DebbieB]

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

Addition to existing

 

[Robbie Cottam]

Addition to existing

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