People need to stop complaining!

[PBB]

People need to stop complaining??? Really???

Do you really think this about future resale purchasers not getting a discount? This is about Current DVC Members seeing DVC/DVD/DISNEY putting forth a policy to further devalue their the Member's asset in favor of New Property Sales. When a company acts in this manner it makes one question if DVC has a conflict of interest between acting in the best interest of the Members or best interests of DVD/Disney. It also erodes the trust that the Member has placed in DVC. For example, Are premium vacation periods held open for cash reservations instead of member points reservations? There isn't an independent audit confirming it. We have to trust that DVC isn't doing this,right?

These Ownership Interests were marketed with the ability to sell your Membership if the needs arise. They were not marketed or disclosed that you could sell your entire membership,however, your membership will be stripped of XY and Z. What is next? Future Resales purchasers will be able to stay at home resort???

Disney should be thrilled they have a group of hundreds of thousands of customers committed to going to their various parks and resorts. This individualls in this group spends thousands of dollars each year. Plus, DVD sold these developments for 3 times the cost of development. Now, Disney wants more.

Keep in mind, If you purchased your Membership via resale then DVC has already marked your Membership as a resale member in the reservation system. Are decisions being made by Management based upon whether or not you purchased new or resale? They seem focused on that aspect now.

If DVD is struggling selling new memberships perhaps their are other factors at play. Overpricing, market saturation,quality or outside influences such as the recession the country has been in since 2008. Obviously, they are listening to their non commissioned sales associates who are giving the primary excuse for not selling the product is resales.

Maybe DVD/Disney should have taken a proactive marketing approach like they did when they initially sold the Disney Vacation Club (OKW) and give new purchasers passes to the various parks until 2020 for half the occupancy rate of the room they reserve. Instead, they chose to devalue the entire membership assets.

 

[southerngirl528]

And I thought all the tooth gnashing had cooled down.....

 

[malba2366]

People need to stop complaining??? Really???

Do you really think this about future resale purchasers not getting a discount? This is about Current DVC Members seeing DVC/DVD/DISNEY putting forth a policy to further devalue their the Member's asset in favor of New Property Sales. When a company acts in this manner it makes one question if DVC has a conflict of interest between acting in the best interest of the Members or best interests of DVD/Disney. It also erodes the trust that the Member has placed in DVC. For example, Are premium vacation periods held open for cash reservations instead of member points reservations? There isn't an independent audit confirming it. We have to trust that DVC isn't doing this,right?

These Ownership Interests were marketed with the ability to sell your Membership if the needs arise. They were not marketed or disclosed that you could sell your entire membership,however, your membership will be stripped of XY and Z. What is next? Future Resales purchasers will be able to stay at home resort???

Disney should be thrilled they have a group of hundreds of thousands of customers committed to going to their various parks and resorts. This individualls in this group spends thousands of dollars each year. Plus, DVD sold these developments for 3 times the cost of development. Now, Disney wants more.

Keep in mind, If you purchased your Membership via resale then DVC has already marked your Membership as a resale member in the reservation system. Are decisions being made by Management based upon whether or not you purchased new or resale? They seem focused on that aspect now.

If DVD is struggling selling new memberships perhaps their are other factors at play. Overpricing, market saturation,quality or outside influences such as the recession the country has been in since 2008. Obviously, they are listening to their non commissioned sales associates who are giving the primary excuse for not selling the product is resales.

Maybe DVD/Disney should have taken a proactive marketing approach like they did when they initially sold the Disney Vacation Club (OKW) and give new purchasers passes to the various parks until 2020 for half the occupancy rate of the room they reserve. Instead, they chose to devalue the entire membership assets.

You are spot on here...I don't think the current changes will really affect resale as it is still a good value. But if they start messing with the room reservations system, booking windows, wait lists etc. then you will see a real drop in the value of resales. This really does affect everyone who owns a DVC timeshare...nobody plans on selling but you never know what the future will bring.
I think their sales problem stems from the resorts they are trying to sell. Polynesian should have had additional room options besides studios...timeshare buyers usually want the full kitchen and laundry facilities (I understand they have bungalows, but the average DVC buyer will never have enough points to stay there). Also, the prices are so high that the ROI is not really there.

 

[Meandnevaeh]

The resale is a used contract that is sold with less years left , the original owner ex might have had a contract for 50 yrs, kept it for 15 then sold it, that would leave 35 yrs on the contract , yes it is less years for the second owner. Each to his own but used is used

But it's possible to get a direct contract for whatever is left on the contract, if you buy SSR direct today it still expires in 2054, exactly the same as if you buy a contract on the resale market, it still expires in2054.

 

[Paula Sedley-Burke]

Basically if nobody buys direct then there is no resale anyway or much older resale and no fresh resorts. So if there is no difference between resale and direct apart from cost then new sales will run dry. the original poster talked about cars. This is a good example. If everybody stopped buying cars then eventually the cars out there would get older and older... Nobody wants this. The maker of the car must have the right to offer incentives to new buyers. It starts the process to build more and then there is something to pre owned and new. Just they have different benefits. One goes with ones budget and if budget allows personal choice.

Just remember that the perks change all the time. They have for all of us. Good and bad.

 

[ScubaCat]

And I thought all the tooth gnashing had cooled down.....

I wish people would just write what they're thinking and quit holding it all in...

 

[jerseyduke]

overall, people need to realize that benefits can change any time with any contract. its even worse to assume that things can't change for a resale contract. you can't have your cake and eat it too. you can't expect to get a cheaper DVC contract second hand and get all the benefits that people pay Disney full price for. At this point in time it is frustrating and not fair to people in the middle of a transaction but it is foolish to think you are entitled to the same benefits as people who pay more than you for the same type of contract.

Actually, if benefits are stated in the contract, then no, they can not change; that is the whole point of a contract!
However, this is not the case here, so it is kind of nit picking,

Also realize that Disney was paid its full asking price for that contract originally. They got their money, and also passed on ROFR.

Furthermore, it is a real estate purchase, and with an expiration date, the value of that interest is going to depreciate.

If we both buy the same car, but form different dealerships, and you pay more, are you entitled to a better made car than I am?

Bottom line is Disney has had what, 3 or 4 months in a row of selling less than 100,000 points for the first time ever? They are reacting to the situation.

 

[WBogley]

I think the lower resale benefits and the higher direct price increase will widen the price gap in direct vs resale. The wider the price gap gets, the more incentive there will be for people to buy resale assuming there is inventory. In the long run, direct sales will decline. I saw this years ago with Harley motorcycles. There were so many used/discounted bikes out there it eroded new bike sales by a lot and it continues today. I agree with the other poster, dis should have added more benefits to direct sales and left resale as is.

 

[Tinkerdreams]

If Disney offered just 1 incentive for direct buyers - mainly free tickets. They could even have a tiered incentive on this.

Buy 100 points and receive 4 - 5 day park tickets every year for the next 5 years.

Buy 150 points and receive 4 - 10 day park tickets of 5 years.

Buy 200 points and receive 4 - 7 day park hopper tickets for 5 years

Buy 300+ points and receive 4 AP's for 5 years.

This is one incentive that would truly bring the buyers in. It's revenue for DVD, Disney and current members who wouldn't lose out on benefits that they just took away.

 

[sgtdisney]

Bottom line is Disney has had what, 3 or 4 months in a row of selling less than 100,000 points for the first time ever? They are reacting to the situation.

Reacting, but in the wrong way. I seriously doubt it was all the generous perks that those "lowly" resale buyers were getting that drove the sales down for the latest offerings they have. It's the price, and the product. They can cut all the perks, benefits, gifts from the lords of DVD, whatever you want to call them this week. It's not going to help in the long run. They are currently selling two products at a price that has lowered demand. You have a resort across an ocean, and another one with nothing but studios and high end luxury accommodations with a point per night cost most people can't justify.

If Disney wants to drive up the price, they should ROFR every property coming through at under, say 120.00. That will dry up the resale market and force people to buy these two properties direct. People seem to be buying resale because Disney isn't currently offering a product that satisfies the larger masses. Disney, here's another tip. The cost of the bungalows are huge, want to fill them up? Give bungalow dwellers Club access over in the Hawaii building and I bet they will rent. Oh wait, maybe Disney doesn't want to have them rent out with points, so they can rent them out for cash?

 

[sgtdisney]

If Disney offered just 1 incentive for direct buyers - mainly free tickets. They could even have a tiered incentive on this.

Buy 100 points and receive 4 - 5 day park tickets every year for the next 5 years.

Buy 150 points and receive 4 - 10 day park tickets of 5 years.

Buy 200 points and receive 4 - 7 day park hopper tickets for 5 years

Buy 300+ points and receive 4 AP's for 5 years.

This is one incentive that would truly bring the buyers in. It's revenue for DVD, Disney and current members who wouldn't lose out on benefits that they just took away.

Good idea, similar to what they did back in the beginning.

 

[malba2366]

If Disney offered just 1 incentive for direct buyers - mainly free tickets. They could even have a tiered incentive on this.

Buy 100 points and receive 4 - 5 day park tickets every year for the next 5 years.

Buy 150 points and receive 4 - 10 day park tickets of 5 years.

Buy 200 points and receive 4 - 7 day park hopper tickets for 5 years

Buy 300+ points and receive 4 AP's for 5 years.

This is one incentive that would truly bring the buyers in. It's revenue for DVD, Disney and current members who wouldn't lose out on benefits that they just took away.

That is a very expensive Perk. $6000+ incentive to sell a $17000 timeshare! I don't ever see them offering that. I see them offering things like priority check in, a more generous banking window to the highest elites, more housekeeping etc.

 

[jerseyduke]

Reacting, but in the wrong way. I seriously doubt it was all the generous perks that those "lowly" resale buyers were getting that drove the sales down for the latest offerings they have. It's the price, and the product. They can cut all the perks, benefits, gifts from the lords of DVD, whatever you want to call them this week. It's not going to help in the long run. They are currently selling two products at a price that has lowered demand. You have a resort across an ocean, and another one with nothing but studios and high end luxury accommodations with a point per night cost most people can't justify.

If Disney wants to drive up the price, they should ROFR every property coming through at under, say 120.00. That will dry up the resale market and force people to buy these two properties direct. People seem to be buying resale because Disney isn't currently offering a product that satisfies the larger masses. Disney, here's another tip. The cost of the bungalows are huge, want to fill them up? Give bungalow dwellers Club access over in the Hawaii building and I bet they will rent. Oh wait, maybe Disney doesn't want to have them rent out with points, so they can rent them out for cash?

Absolutely, did not mean to imply otherwise. The Poly is the worst DVC offering. Old buildings, rehabbed on the cheap, all studios. My favorite resort and I will not buy there anytime in the near future.

They seem to have hit a higher level of resistance to the price point than anytime previously.

 

[ckb_nc]

Disney has a problem - how to drive sales direct when the resale prices are much cheaper. Will this do that? it depends. I for one would go resale still. Until Disney restricts resale somehow to making reservations in certain windows, I would stick to resale.

Unless Disney decides to ROFR everything to drive prices higher, I am unsure how this market materially changes much. Disney has to be careful to not kill this goose. An active resale market is a good thing - it shows this has tangible value. So many timeshares are basically worthless in resale; DVC is a rarity

 

[ScubaCat]

I'm going to start a new thread: "People need to stop complaining about people complaining!"

Then we can get back to normal

 

[Brian Noble]

And I thought all the tooth gnashing had cooled down.....

The Rending of Garments will take place in the Old Key West Community Hall, every Thursday at 4PM. Only qualified Members are invited.

 

[River Country]

Disney has a problem - how to drive sales direct when the resale prices are much cheaper. Will this do that? it depends. I for one would go resale still. Until Disney restricts resale somehow to making reservations in certain windows, I would stick to resale.

Unless Disney decides to ROFR everything to drive prices higher, I am unsure how this market materially changes much. Disney has to be careful to not kill this goose. An active resale market is a good thing - it shows this has tangible value. So many timeshares are basically worthless in resale; DVC is a rarity

I agree with this. I bought direct 5 years ago when prices were under $100 for SSR. I love SSR and have been able to stay at other resorts as well with the 7 month window. Now if I were to buy additional points I would look resale because the price is way cheaper per point for an older resort. I still get my DVC perks because my first 160 points were purchased direct so I cant see how eliminating these perks is going to impact the resale market that much I guess only time will tell.

 

[zavandor]

I bough resale a few years ago but after 2011 and I knew that something like this would happen. I though there was a 50%-50% chance that I would be grandfatered into the new tiering, so I'm happy I am in.
I understand the frustration of people who signed the contract just before the restriction and are now out of luck. But we should all understand that this may happen to us at any time, even in the future. DVC could have even say that people grandfathered in 2011 were out from this round of tiering! Or even create a "Poly members" club that only purchaser direct at the Poly (so with the latest high prices) could get into to receive benefits.
Anyone not confortable with the chance of this happen should sell. Because there is a very good chance this won't be the last round of restrictions.

And probably, this is the best interest for us too. DVD needs to make money to continue to exists. They need to make more money than using the same amount of resources (time, people, reale estate, land) in other ways. If they stop making enough money, then DVD would stop developing new resorts and investing in the product.
THIS would really have an impact on my membership. I wouldn't have new resorts to try. Existing resorts would expire and for the last years of my membership I would be able to choose between just a few resorts.
We need DVD to continue to make money and if resale restrictions are a way to do it, then let it be.

 

[CarolMN]

IMO, the primary reason for the recent change was to reduce future costs. It was just a bonus that the sales team now has another way to differentiate direct from resale. I really do not think DVD believes sales will noticeably increase as a result of the change. (Sales incentives are far more effective for that).

Some of the perks were paid for by DVD - For example, I suspect (but have no data) that they are at least paying something to offer the annual pass discount. Having worked for a large corporation, my guess is that every division of Disney has to show some amount of future expense reduction (due to huge overrun for Shanghai), and this change is part of DVD's contribution. YMMV.

 

[goneviral]

I appreciate the sentiment of your quote, but I did not sign a contract to not be a socialist, trade unionist, or a jew.

I stopped reading the thread after this.

Someone please spoil me: did every single DVC member stop complaining afterward?