Poly Bungalow's and Last Minute getaways

[Dave Hollywood]

I always check out the last minute getaways on dvcmember.com and see that the Poly Bungalow's are available every week, even on short notice. Is anyone renting these? Will the points ever come down? I have enough points for 2 weeks at BLT per year in a 1BR. The same amount of days in a Bungalow is 4 times as many points. If you do a 2BR in BLT compared to the 2BR bungalow, the bungalow is 3 times more. Is the bungalow really worth 3-4 times more points to stay there?

 

[BillPA]

DVC used those over priced bungalows to increase the amount of points for sale. Since most new dvc members only want studios, that's were their point go leaving the bungalows empty most of the time. Many call it a major ripoff from DVC, and they did the same with CCV cabins.

 

[Dave Hollywood]

I don't see the CCV cabins on the last minute getaways as much as the Poly bungalows. I think the many that call it a major ripoff may be on to something

 

[NoTime42]

The initial 2020 point chart allocations at Poly reduced Bungalow points by 9% and reduced CcV cabins slightly... but that mostly justified change was removed with the other problematic lockoff premium resort changes.
https://dvcnews.com/index.php/dvc-p...res/news-70636/4359-studio-costs-rise-in-2020

 

[Dave Hollywood]

What are the problematic lockoff premium resort changes?

 

[NoTime42]

My overly simplified TLDR from attempting to read dozens of pages from better experts than me:

For the purpose of balancing points in a resort, only dedicated studio, dedicated 1BR, 2BR (lockoff and dedicated) and GV count to equalize the math
DVC unit’s for legal selling purposes are mostly 2BR and GV unit’s.

If a resort had all 2BR lockoffs (that could be booked as a 2BR or separate studio + 1BR)
If the point charts had 2BR book for an average of 20 points/night, while studios book for an average of 8 points and 1BR books for an average of 15 points/night... which adds up to a 23 points..a 3-point lockoff premium over 20 points needed to book the full 2BR. There’s always been a lockoff premium. It’s possible only VGF states a max amount in its documents.

Basically the 2020 reallocation increased studio and 1BR without raising 2BR, (or lowering studios and 1BR at another time of the year) so it’s like Studios are now 10 points and 1BR went up to 17 points and that lockoff premium increased to 7 points/night.

Ultimately an increase in lockoff premium would mean owners book fewer nights, more rooms are empty and DVC gets to rent those empty rooms as cash for profit.

 

[Dave Hollywood]

So, in essence, my "property" value is being artificially decreased by DVC. Everytime they raise the amount of points per night, my value goes down.

 

[BillPA]

correct, and DVC pile of money goes up.

 

[McCrae]

To balance out demand at the Poly DVC should continue to lower the points required to stay at the cabins and allocate them to other rooms. It’s hard on existing owners, but it was an obvious risk when points were sold.