Not ROFR thread - general discussion

[airjay75]

I listen to various podcasts and whatnot. There is a theory I hear that I am. It so sure about. That Disney uses ROFR to keep resale up. I don’t believe that. The ROFR avriviry is low single digit percentage of resales from what I can tell. Not sure how that keeps prices high. When I was buying I wanted the best deal I could find and was not too afraid of ROFR. When I was waiting I was very sure my contract was not getting taken and if it did I would have taken another at bat. Now I know people get super paranoid but depending on your resort it is highly unlikely to happen. I think Disney uses ROFR to make money for them not for us. Curious about others thoughts or insights.

I heard the folks on the DVC Show podcast I listened to today theorizing that in regards to the July ROFR activity. I'm with you - I don't buy it. If Disney cared about keeping resale values at a certain level, they would never have enacted resale restrictions in the first place. If anything, that seems like a major long-term play to deflate the value of the resale market. The only resort for which I could buy that theory is VB since it's the closes to a $0 value - if VB (or any DVC property) hits a $0 value, it could (maybe) create enough bad publicity to affect direct sales too. I'm still not sure that would be enough to cause Disney to exercise a lot of ROFR, but it's at least a theory that makes some sense.

 

[mauionabreakaway]

Similar experience at Aulani. Did the morning coffee presentation, then a brief chat about how it worked and then numbers came out with super tight deadlines, wanting me of course buy a large contract for the most “savings”. I told the rep I wasn’t making a big financial decision like this on vacation so thanks for the info & I’ll be in touch. Next day voicemail in the room. Day after an email. Next day a hello in the hallway telling me how quick Docusign works. Relax. I told you right out of the gate I’m not buying on the trip. Email day I got home. Pretty persistent.

That would kill a sale for me, I hate being harassed. Just earlier today I had a guy at my front door trying to sell me windows, I told him I wasn't interested and he said something like "that's because you haven't heard me out yet" so I said "Again, not interested, please leave me property", he kept going so I pulled out my phone and told him "You're trespassing now, I am calling the police" and he told me off, but finally left.

You know what? We do need windows, it's on our to-do list, I'd have taken his card, but really I doubt anyone going door to door selling windows is going to have the price and polish I expect, but damn, after that kind of hard sale, I wouldn't call that guy if he was the last shop left after a hurricane blew through.

 

[matt_in_nh]

I heard the folks on the DVC Show podcast I listened to today theorizing that in regards to the July ROFR activity. I'm with you - I don't buy it. If Disney cared about keeping resale values at a certain level, they would never have enacted resale restrictions in the first place. If anything, that seems like a major long-term play to deflate the value of the resale market. The only resort for which I could buy that theory is VB since it's the closes to a $0 value - if VB (or any DVC property) hits a $0 value, it could (maybe) create enough bad publicity to affect direct sales too. I'm still not sure that would be enough to cause Disney to exercise a lot of ROFR, but it's at least a theory that makes some sense.

The 2042 resorts especially VB will go to zero. Just a matter of when. Not sure they will buy all the points back as it decays.