News: Disneyland Hotel Villas to have Resale Restrictions

[Nursemanit]

As someone who purchased resale this year....I know I can't use my points at Riviera, VDH, or likely any future resorts. But I can still use them at 7 months for the other existing resorts.

But...is there ever a possibility that Disney could say...all current (and future) resale owners can no longer book ANY resort but their home resort? Or if they did that...would it likely just be for future resale purchasers?

They would grandfather existing to avoid endless litigation. To be honest, people could have gone after Disney for loss of resale value even if they were grandfathered but that would have been hard to prove in the theoretical back when it happened. And now with Riveria holding value at a similar discount to direct than other resorts, it would be impossible to prove. Basically, you need to prove damages to win and RR proves it did not damage resale value.

 

[Epcot Forever Forever]

Riveria resale is holding value in proportion to the other resorts and in fact it is very hard to find in my use year. It did not crash to nothing like people predicted

Riviera resale is priced like Beach Club, a similarly located resort with much smaller rooms, no views, and ~30 fewer years. So I will just say i disagree.

 

[MouseyMin]

Question - what do you think will be the effect on the resale price of Polynesian and Grand Californian points assuming Poly 2 and DL Villas have the resale restrictions?

 

[Nursemanit]

Riviera resale is priced like Beach Club, a similarly located resort with much smaller rooms, no views, and ~30 fewer years. So I will just say i disagree.

That has nothing to do with it - It is about a discount off the purchase price. I bought at 182 and it would sell at 135

Riveria is holding its own see the chart of resale vs direct

Copper creek is 250 new and 152 resale - closest comparison

SSR sells in the low 100's - by your logic it should be priced higher than BC

https://www.dvcresalemarket.com/blog/dvc-resale-average-sales-prices-for-march-2023/
-

 

[Sandisw]

Since resale purchasers are restricted, will RIV and VDH be harder to book in the years after it is sold out?

It could be potentially harder to book at 7 months but eventually I think it might even out because there are so many resale points that have changed hands since 2019 that are no longer eligible

 

[Epcot Forever Forever]

That has nothing to do with it - It is about a discount off the purchase price. I bought at 182 and it would sell at 135

Riveria is holding its own see the chart of resale vs direct

Copper creek is 250 new and 152 resale - closest comparison

SSR sells in the low 100's - by your logic it should be priced higher than BC

https://www.dvcresalemarket.com/blog/dvc-resale-average-sales-prices-for-march-2023/
-

Comparing cost savings for resale for active and sold out resorts is…a choice.

I don’t think we have anything left to discuss.

 

[Nursemanit]

Question - what do you think will be the effect on the resale price of Polynesian and Grand Californian points assuming Poly 2 and DL Villas have the resale restrictions?

No real effect or more realistically net 0 effect as some will buy Poly 2 because of the restrictions and some will not buy it because of the restrictions - Neither means they will necessarily buy Poly 1

Probably the same for VGC

 

[Nursemanit]

Comparing cost savings for resale for active and sold out resorts is…a choice.

I don’t think we have anything left to discuss.

Math beats emotions

 

[Epcot Forever Forever]

Math beats emotions

Indeed!

 

[Sandisw]

As someone who purchased resale this year....I know I can't use my points at Riviera, VDH, or likely any future resorts. But I can still use them at 7 months for the other existing resorts.

But...is there ever a possibility that Disney could say...all current (and future) resale owners can no longer book ANY resort but their home resort? Or if they did that...would it likely just be for future resale purchasers?

The way the original 14 resorts entered into the exchange agreement with BVTC, they all had DVC resort agreements that allowed each to trade with the other resort.

And, thst agreement had a clause that said new resorts would be substantially similar. But then the DVC resort agreement with RIV was different and it bars resale owners from it from trading out and others trading in, except those grandfathered with contract pre Jan 2019.

 

[Sandisw]

They would grandfather existing to avoid endless litigation. To be honest, people could have gone after Disney for loss of resale value even if they were grandfathered but that would have been hard to prove in the theoretical back when it happened. And now with Riveria holding value at a similar discount to direct than other resorts, it would be impossible to prove. Basically, you need to prove damages to win and RR proves it did not damage resale value.

Contracts are pretty clear thst resale value isn’t guaranteed and that you should not buy with any expectation.

So, regardless of what is occurring, I doubt anyone could have gone after them when you buy agreeing and knowing that just because you don’t like a particular outcome

 

[Nursemanit]

Contracts are pretty clear thst resale value isn’t guaranteed and that you should not buy with any expectation.

So, regardless of what is occurring, I doubt anyone could have gone after them whe you buy agreeing and knowing that.

Your purchase of a car has no guarantee of resale value and specifically states that. But if someone damages your car they can and frequently are liable for diminished resale value. If the resale restrictions caused RR resale to go to pennies on the point - the actions of DVC which you did not agree to ( for the pre restrictions buyers) damaged the value of your property.

But they did not crash - so no damage, no cause

 

[Sandisw]

Your purchase of a car has no guarantee of resale value and specifically states that. But if someone damages your car they can and frequently are liable for diminished resale value. If the resale restrictions caused RR resale to go to pennies on the point - the actions of DVC which you did not agree to ( for the pre restrictions buyers) damaged the value of your property.

I don’t agree it’s the same as your car analogy because you didn’t have an agreement with the person who crashed car.

You do with DVD and it says, there is no guarantee of resale value, that’s exactly what they are telling you…don’t count on any specific value because things happen which could include future decisions by DVD.

But, we can move on.

 

[DonMacGregor]

 

[Nursemanit]

I don’t agree it’s the same as your car analogy because you didn’t have an agreement with the person who crashed car.

You do with DVD and it says, there is no guarantee of resale value, that’s exactly what they are telling you…don’t count on any specific value because things happen which could include future decisions by DVD.

But, we can move on

Indemnity does not cover you from intentional damage.

 

[Sandisw]

Indemnity does not cover you from intentional damage.

Agree to disagree.

 

[Nursemanit]

Agree to disagree.

NYS attorney general agrees and got a settlement from Hilton and Wyndham since contract clauses do not indemnify them from intentional actions.

 

[Jimmy Geppetto]

There were reports that Guides were advising potential Poly buyers the new tower does not have any studios. Has anyone heard this?

I won’t be able to confirm with the OKW bus driver until July.

 

[Sandisw]

NYS attorney general agrees and got a settlement from Hilton and Wyndham since contract clauses do not indemnify them from intentional actions.

Agree to disagree that applies to a resale value of a timeshare and no need to argue or we will both be given a warning.

 

[MartyParty]

Restrictions are the way forward. Disney has never wavered. Wishful thinking and an erroneous belief that Riviera wasn't selling because of the restrictions has been promulgated online. It is clear that this was simply bias as evidenced by Riviera outselling VGF they had to discount VGF. If Disney was going to relax restrictions it would have been done. Although none of us are endeared by the restrictions that are generally consumer unfriendly, it is not unusual in the timeshare business. I consider this VDH information firmly settling the debate (including what will likely occur with the Polynesian tower.)

This is the way....