Poll: Your Riviera Resale price

[stewart715]

I am thinking the same way. I would like an Epcot resort but do not want 2042 end years at current price. I am planning on checking out RRV on next several visits which I have planned. If like ,then will watch resale market in future and if price stays down in $120 -100 area, will probably buy. I have direct and other resales for the other resorts.

Look at the point charts for BWV. You would need far less points to stay there vs. new resorts with longer expirations. Worth considering.

 

[SG131]

Look at the point charts for BWV. You would need far less points to stay there vs. new resorts with longer expirations. Worth considering.

That’s why we bought here! Points charts were reasonable and absolutely love the location and being walking distance to two parks. I do like storm-along bay but its harder to monitor multiple kids there alone and it was more expensive. We will probably eventually buy in someone else with a longer contract life as well, but not Rivera unless it’s really cheap.

 

[Tony McQ]

Looks like Fidelity has a Riviera contract listed @ $170/pp...

 

[stewart715]

Looks like Fidelity has a Riviera contract listed @ $170/pp...

125 points

2018 - 0
2019 - 125
2020 - 125

Are new Riviera owners not getting 2018 UY points? Which means they cannot stay until a few months after opening? Seems weird.

 

[PolyRob]

Looks like Fidelity has a Riviera contract listed @ $170/pp...

WOW, what a DEAL!

125 points

2018 - 0
2019 - 125
2020 - 125

Are new Riviera owners not getting 2018 UY points? Which means they cannot stay until a few months after opening? Seems weird.

Riviera purchases get 2019 points unless you purchase a Feb UY.

 

[stewart715]

WOW, what a DEAL!

Riviera purchases get 2019 points unless you purchase a Feb UY.

I assume you meant they get 2018 points unless a Feb UY purchase?

 

[CarolMN]

I assume you meant they get 2018 points unless a Feb UY purchase?

No, PolyRob was correct. All Riviera purchasers get 2019 points unless they have a February use year. Feb use years begin with 2020 points. No one gets 2018 points.

 

[katandmouse]

In all fairness, every single Disney timeshare contract that preceded Riviera makes only one guarantee: that the owner will have the opportunity to book their home resort 30 days prior to everyone else.

It does not guarantee that the hotel side of the resort, restaurants, spas, any established transportation system, or theme park for that matter (think: “monorail resort” sans monorail or MK) will be maintained. Your ADs pay only for your timeshare building.

I think people tend to ignore this as it seems far fetched that VGF would lose the hotel, restaurants, spas, monorail, or MK, but in reality, those are the exact terms that every Disney timeshare owner agreed to. I’m not saying it will likely happen- I personally don’t foresee this happening, but any feelings that Riviera is detrimentally or significantly less secure in terms of contractual guarantees, than any other Disney timeshare property would require ignoring the insecure nature of any timeshare, Disney or otherwise.

This is why a Disney timeshare is strongly recommended by many to be viewed as a luxury purchase, a sunk cost, and a buy-to-use product, not an investment.

I think I understand what you are saying. I agree that any timeshare, including DVC, is a luxury purchase, a sunk cost, and a risk. I think that maybe before this year a lot of the risk with DVC was associated with Disney - taking a gamble on, Do I think Disney will hold its appeal for the next half century and keep up its theme parks and resorts? Do I trust Disney to run a timeshare in the best interests of its owners, even if it’s also looking out for its bottom line? I know that was my line of thought. This year (with the contract changes and original 2020 point charts) it’s become apparent that there are more risks to buying DVC.

I just think that Riviera has an additional, individualized risk on top of the other risks. The restrictions are written into Riviera’s contract in such a way that there are no guarantees at all for a resale owner - everything, including home resort booking, is up for additional prohibitions and limitations at any time. I do not like how “certain members” are singled out in Riviera’s contract. That to me is taking on an additional risk that would certainly play into whatever price I think would be fair, and even if I would want to buy at all.

 

[stewart715]

No, PolyRob was correct. All Riviera purchasers get 2019 points unless they have a February use year. Feb use years begin with 2020 points. No one gets 2018 points.

Woah, MAJOR brain lapse. I completely understood what he said but for some reason thought we were still living in 2018. Phew.

 

[Matty B13]

Looks like Fidelity has a Riviera contract listed @ $170/pp...

If it was a guaranteed week for a tower studio........ maybe, but I'm guessing that this person didn't know what they were buying and is going to lose their shirt...... pants & shoes.

I wonder if since the resort hasn't even opened up yet, if they could get the contract rescinded, maybe with a lawyer threatening a lawsuit.

 

[stewart715]

If it was a guaranteed week for a tower studio........ maybe, but I'm guessing that this person didn't know what they were buying and is going to lose their shirt...... pants & shoes.

I wonder if since the resort hasn't even opened up yet, if they could get the contract rescinded, maybe be a lawyer threatening a lawsuit.

I sure as heck would be trying.

 

[Matty B13]

I'm not sure if anyone here knows the Australian Movie "The Castle" but I was think of the father that always says "Your Dreaming" when I saw the $170/pp.

 

[CanadaDisney05]

I think I understand what you are saying. I agree that any timeshare, including DVC, is a luxury purchase, a sunk cost, and a risk. I think that maybe before this year a lot of the risk with DVC was associated with Disney - taking a gamble on, Do I think Disney will hold its appeal for the next half century and keep up its theme parks and resorts? Do I trust Disney to run a timeshare in the best interests of its owners, even if it’s also looking out for its bottom line? I know that was my line of thought. This year (with the contract changes and original 2020 point charts) it’s become apparent that there are more risks to buying DVC.

I just think that Riviera has an additional, individualized risk on top of the other risks. The restrictions are written into Riviera’s contract in such a way that there are no guarantees at all for a resale owner - everything, including home resort booking, is up for additional prohibitions and limitations at any time. I do not like how “certain members” are singled out in Riviera’s contract. That to me is taking on an additional risk that would certainly play into whatever price I think would be fair, and even if I would want to buy at all.

I agree with this. I know a lot of people here like to think of DVC as a sunk cost, and thinking of it in this manner does take a lot of pressure off, but in reality it's not. DVC is a long-term asset. Since this is a luxury purchase, the expectation shouldn't be that DVC will sell for more than you purchased it for when/if you eventually sell. However, the fact that it will all but likely hold some value for the duration of the contract tells you that by very definition, it is in fact not a sunk cost.

What is Sunk Cost

A sunk cost is a cost that has already been incurred and cannot be recovered.

Investopedia

A single vacation is a better example of a sunk cost. Once it's spent, its impossible to recover a portion of this expense. I don't think many of us would even consider purchasing DVC if there was a realistic chance that Disney may close up shop tomorrow, and you never get to use your 23 - 50 years of prepaid vacations.

Having said that, all the risks associated with DVC are real and should be taken into consideration. Risks have the ability to decrease the recoverable amount of the investment. The fact that the contract for Riviera includes additional risks that the previous properties did not, will lower the resale value. How much of a risk-discount the average DVC purchaser will put on this is unknown. Obviously I don't have any statistics on this, but my assumption would be that the community here is much more in-tune with the minute details of DVC than the average owner/prospective owner. If the information isn't readily available in an easy to understand format, my guess is that the current announced restrictions will play a large role in determining resale price, but any risk of future restrictions will play a very minor role.

 

[katandmouse]

I'm not sure if anyone here knows the Australian Movie "The Castle" but I was think of the father that always says "Your Dreaming" when I saw the $170/pp.

I think that movie might be more applicable to all of us than I care to admit!

 

[jerseyduke]

Its not even noon on the east coast and I have to change my pants already.

170 per point for a now restricted contract that has to go thru the lengthy resale process VS Unrestricted points at 188 that you can use at any resort and get the member perks, and pick your UY, and get access to almost instantly. (Not to mention, you can get direct points broken up into 2 50s and a 25 pointer - and I think small contracts at DRR will catch a very large premium over bigger DRR contacts on the resale market because of the restrictions)

If they leave the price up there, it will still be on fidelity when the contract expires!

 

[PolyRob]

Now that I think about it more, maybe it is a typo/website issue. I called Fidelity about 2 VGF contracts a few weeks back that had weird prices listed per point that did not add up to the correct final price. The person I spoke with said they were having "website issues" and that it was going to eventually be corrected.

ETA: Not a mistake or typo. Spoke with Shawn at Fidelity and the $170 is the correct asking price.

 

[aoconnor]

Looks like Fidelity has a Riviera contract listed @ $170/pp...

My guess how they got to $170 listing price...

Purchased for $188pp
Financed 80% ($150.5pp)

Listing Price $170pp
Less: 8.5% Broker Fee -$14.50pp
Net Proceeds: $155.50pp

Probably just trying not to get foreclosed on, but would be near-total loss of equity.

 

[zavandor]

I understand this contract more than the one sold for $100.
I actually predicted the first contract on sale would be listed for $170:
https://www.disboards.com/threads/p...contracts-listing-price.3744608/post-60493491
Someone who didn't realise what he was buying and wants to get out immediately would also not know what he's selling and would try to recoup as much as possible. Buying at $188 and selling at $100 within a day without any previous market history is really strange.

 

[jerseyduke]

I understand this contract more than the one sold for $100.
I actually predicted the first contract on sale would be listed for $170:

So what about lottery numbers? Please?

 

[KAT4DISNEY]

I understand this contract more than the one sold for $100.
I actually predicted the first contract on sale would be listed for $170:
https://www.disboards.com/threads/p...contracts-listing-price.3744608/post-60493491
Someone who didn't realise what he was buying and wants to get out immediately would also not know what he's selling and would try to recoup as much as possible. Buying at $188 and selling at $100 within a day without any previous market history is really strange.

It may be a function of want and need to sell. We'll have to see how long the $170/pt sits around. I agree it is a pricing that is more consistent with what other early resales priced at for different resorts but they also tended to sit around unsold for awhile.