Resale Versus Direct: whats missing

[MICKIMINI]

Great points made by experienced DVC member here! When we first bought in 1996 we laughed about the 2042 expiration as it seemed SO far off. Well here we are at 19+ years, our son is now married and his wife and he also love WDW and we gift them trips.

As you age, so will your type of vacation and who you vacation with and like others say it is the great unknown.

I'd buy what you think is best for at least the next 20 years and if you see yourself aging at WDW which is what we are doing, go ahead and buy the minimum direct and then add on later with resale or direct.

Best of luck with your choice!

 

[sndral]

You didn't understand my point -- My point was, in 2042 -- If you buy re-sale now, You won't have access to half the WDW DVC resorts, you won't have access to anything at Epcot, and your access would be limited to only the oldest resorts.
So imagine, right now, if you were limited to only the older resorts? The oldest resorts are OKW, SSR, BWV, BRV, BCV, and AKV. The newest DVC resorts are Poly, CCV, BLT, RIV and GFV. So imagine you weren't able to use the 4-5 newest resorts, and could only use the 4-5 oldest resorts.
That is what it will be like in 2042 -- You will have the "older" resorts -- GFV, Poly, BLT, AKV -- Which will be the "old" resorts in 2042. You won't have the "new" resorts such as RIV, any other newer resorts they build, the "new" BCV, BWV, etc.

Well I understood the your point of choices becoming more limited w/ restricted resale points going forward, I just didn’t quite follow why you chose which resorts to include/exclude in each group & being a literal sort I figured well we know which of the resorts will still be bookable by restricted points so that piqued my curiosity hence my little chart.
I suppose the potential for regret in the next 20 years depends very much on the quality of new DVC offerings. If DVC built a wowza DHS adjacent new build w/ all the bells and whistles that would interest me & IMO be a loss if I couldn’t book it, but if they built SSR take 2 -a behemoth generic type resort not adjacent to a park & I’d argue Reflections was veering in that direction with it’s location, huge size & theming - not such a great loss IMO. Anyone buying resale now is saying that the option to stay at Riviera has little value to them, except, ironically, those buying Riviera resale who must really love the place.

 

[havoc315]

Well I understood the your point of choices becoming more limited w/ restricted resale points going forward, I just didn’t quite follow why you chose which resorts to include/exclude in each group & being a literal sort I figured well we know which of the resorts will still be bookable by restricted points so that piqued my curiosity hence my little chart.
I suppose the potential for regret in the next 20 years depends very much on the quality of new DVC offerings. If DVC built a wowza DHS adjacent new build w/ all the bells and whistles that would interest me & IMO be a loss if I couldn’t book it, but if they built SSR take 2 -a behemoth generic type resort not adjacent to a park & I’d argue Reflections was veering in that direction with it’s location, huge size & theming - not such a great loss IMO. Anyone buying resale now is saying that the option to stay at Riviera has little value to them, except, ironically, those buying Riviera resale who must really love the place.

Though there is some level of subjectivity, many would say resorts are getting better with each new resort. While some love and some hate the theming of the Riviera, it's hard to argue against it having among the nicest and biggest rooms on property. (Yes, OKW are really the biggest, but that's because it was more focused on being a timeshare condo). Rooms have gotten bigger over time, newer resorts tend to be more modern with more bells and whistles. Many of the 2042 resorts are described as "dated" by many people. In 20 years, that's how people may feel about the remaining Original DVC resorts. (It will depend on budget at the time and other factors, but I think you may see a MAJOR re-build of BCV and BWV in 2042, not just a modest re-fresh).

 

[RoseGold]

In posts like this, people throw around access to future resorts as if it is promised. There's no reason future properties have to play nicely with DVC or even exist. There's nothing permitted or announced. They don't have to be in BVTC. They can have punitive point trade ins that make them a bad use of points, like cruises.

RIV's policies were intended to cause FOMO, but right now there isn't much to miss out on.

If Reflections had gone as planned, it would have been completely unappealing to me. Mediocre location, and probably a point chart at or near VGF. I would expect the next construction to be Coronado Skyliner and a Coronado 2 (like RIV is CB2), also mediocre location and probably eye-watering chart. I'd take the O14 over that for sure.

If you're happy with the O14, then that's still a lot of resorts for a long time.

 

[Vulnox]

Saying "Right now there isn't much to miss out on" or that the O14 are a lot of resorts for "A long time" is only true if people get into DVC based on their vacation this year or next. I haven't for a moment gotten the impression that DVC is something you join just for "Right Now". If you take that as your only metric for membership, and ignore everything over the past 30 years, then someone will be posting here in 20 years how they can't believe they are losing access to portion of O14 resorts as they expire, and the only way around it is to buy Direct which is now (in this future) far more expensive.

You don't even have to discuss new resorts or whatever, but you can be fairly certain they will do something with those DVC properties with expiring deeds, and reselling them as new deeds after a quick refresh of the resort would be too easy of money to pass up, far less than building a new resort.

The OP in this case seemed to be asking as a potential new member. For someone that has already been in for 10 years and would be satisfied even if they had to dump their contract in 20 years because their favorite O14 resorts are dropping off, that is one thing. But for a new member, 20 years can be a small portion of their eventual membership, it would be wrong to just dismiss those concerns because you don't care right now. Yeah we don't know what Disney will do when that time comes, could be big point charts at the refreshed resorts or who knows, but at least they are likely to be options. While Disney could decide those refreshed resorts aren't in BVTC, that seems a lot further down the likely ladder than the more likely approach that direct can keep trading into those refreshed, new deed resorts and resale will no longer be able to.

But all of this, regardless of side, really just spotlights why the board's frequent saying of "Buy where you like to stay" is the only thing that matters. If BLT or AKL is the resort you never see being bored of, then still buying resale there regardless of what happens to the rest of the resorts in the future is still a solid option. But if there is even a chance you may do some resort hopping in the future, or may find you make short term plans at times, having the most options down the road is key.

 

[RoseGold]

If DVC built a wowza DHS adjacent new build w/ all the bells and whistles that would interest me & IMO be a loss if I couldn’t book it, but if they built SSR take 2 -a behemoth generic type resort not adjacent to a park & I’d argue Reflections was veering in that direction with it’s location, huge size & theming

If they did build something wowza, your RIV points probably wouldn't be very useful for booking it anyway. And they'll be happy to sell you some wowza points, if that actually does happen.

The flip side is that as the resorts get more mediocre and the charts keep expanding, the legacy charts and locations look better and better. That's why BC/BW are still so expensive. IMO, BLT and even Poly/VGF will eventually be in that position, especially if charts keep inflating.

 

[Uh_Oa]

When we were making the decision, I was prone to having major FOMO for being blocked out of future resorts. My DH is more facts based (ie: let's not worry about what MIGHT happen, but what the actual situation is now...) After we talked through it, we ended up buying Poly resale. This is how I got past my FOMO:

-Poly is our favourite resort and where we will stay the majority of the time. We also love BCV, BWV, AKV so there are lots of options with the O14 to keep us happy.
-RIV has no appeal to us, but if we ever really wanted to stay there, we could pay cash with the tens of thousands of dollars we saved and still come out way ahead.
-20 years is a long time away to try and predict what DVC might do with those expiring resorts or in new resorts. If DVC builds a resort that we just HAVE to own, we can buy a direct contract at that time (possibly selling our Poly points for a good price to put towards it).

Obviously if we really loved RIV and wanted to stay there often, it would change our decision. But the fact that DVC is building GFV2, rumoured to be restriction-free, shows that none of us can predict what DVC will do tomorrow, let alone decades from now.

We did the same thing. After over analyzing different resorts and the cost, PVB came out on top. We absolutely love PVB and have no regrets buying resale. It saved us thousands of dollars. We did buy a small amount of direct points at RIV in December. We took a tour in September and loved the resort for adult only F&W trips. I'd say that is the beauty of DVC. You have choices, you can buy resale or direct. In the future you can add more points or sell if your travel patterns change. There's no one size fits all answer, but there's no wrong answer either.

 

[Sandisw]

In posts like this, people throw around access to future resorts as if it is promised. There's no reason future properties have to play nicely with DVC or even exist. There's nothing permitted or announced. They don't have to be in BVTC. They can have punitive point trade ins that make them a bad use of points, like cruises.

RIV's policies were intended to cause FOMO, but right now there isn't much to miss out on.

If Reflections had gone as planned, it would have been completely unappealing to me. Mediocre location, and probably a point chart at or near VGF. I would expect the next construction to be Coronado Skyliner and a Coronado 2 (like RIV is CB2), also mediocre location and probably eye-watering chart. I'd take the O14 over that for sure.

If you're happy with the O14, then that's still a lot of resorts for a long time.

Aboslutely no way DVD makes points they sell restricted, Nothing suggests that, including RIV. RIV is not going to be a stand along product long term

I agree that if people do not care about what is coming down the pike and content with L14 for 20 years, and then most likely L9 at that point, then that feature of direct points is not a big deal.

What you mention about BVTC is true, but again, that Is true for all points so when looking at direct vs resale, it’s not applicable

In the end, we all have to decide which is why there is no clear winner in resale vs direct because no one views it all the same.

 

[disneydietitian]

he purchase is not a good financial investment. It's a good investment in your health and well being

WOW.......great point for someone like me looking to purchase.

 

[bakerworld]

If you buy where you want to stay than resale is the financially optimal choice. IMO, unless your points are over 500 then dues doesn't really enter the arena.