Disney was in panic mode. 2007-2008 was a shoe shine boy giving stock tips warning. Some were telling people to buy
DVC with 10% down payment, take the “free” (incentive stay at SSR). Then, foreclose on the contract. They were pointing out, it was cheaper than staying at a moderate (maybe they said value) resort with discounts available and you stayed at a deluxe.
On top of that boom, DVD added over 10 million points in 2008-2009 for sale thinking those good times would keep going. 2009, Kidani opened, then THV at SSR, August BLT opened, and later that year GCV opened.
Not surprising, Disney also saw major foreclosure crisis (more 2010-2011). Disney used a third party for financing prior to that crisis. That company stopped with DVC financing and Disney took over their own financing sometime in the 2009-2012 window. Tim at DVCNews posted something about it back then.
The BLT spring webcast incentive was as low as $91/pt for more points.
While BLT sounds great, I regret we didn’t choose GCV for $87/pt during the same sale. I believe some bought GCV for 85 or 83/pt direct. It was the first DL DVC and people didn’t know how well it would sell. Some experienced DVC owners from the 90s thought BLT 5.7 million points might sell out before the small GCV.
Resale stories from 2010-2012 make my direct prices look terrible. I recall someone posting they bought BWV resale for $25. They submitted a ton of offers until they found someone who accepted. Thing was there were thousands of sellers and not many buyers.