Riveira and Boardwalk

[tom1944]

These are 2 of the resorts I am tracking and find it interesting that they are selling for similar prices on the resale market.

It appears that the Riviera restrictions are determined to be equivalent to a 2042 expiration date/better point per stay

 

[Frederic Civish]

I would own at Boardwalk, no question, IF it wasn't going to expire in 2042. I just can't see buying it with 20 years left, but maybe I will change my mind. We are going to stay there again, in Feb.

As for Riviera, I definitely WAS going to buy there, UNTIL Disney started jerking people around with their Resale Restrictions. That was stupid. And then I stayed there and I realized I don't have any particular desire to even stay there again. As far as I'm concerned it is a very mediocre, even a 'failed' resort.

 

[Nabas]

At current prices, I would not buy either - BWV because of the short contract and RIV because of restrictions.

We think both resorts are great and have stayed at both many times. Just would not buy resale at current prices given these issues.

 

[Sandisw]

Unless BWV, was my top resort, I’d have a hard time paying the resale price and think it’s overpriced.

In terms of RIV, I think many of us are still a bit surprised it’s getting some of the prices it is for a restricted resort.

I personally thought it would never average much more than $100/pt when it was first announced and it’s doing better than that. Heck, I paid $152/pt for it because we love it so much!

 

[tom1944]

Unless BWV, was my top resort, I’d have a hard time paying the resale price and think it’s overpriced.

In terms of RIV, I think many of us are still a bit surprised it’s getting some of the prices it is for a restricted resort.

I personally thought it would never average much more than $100/pt when it was first announced and it’s doing better than that. Heck, I paid $152/pt for it because we love it so much!

My daughter was there yesterday and sold my wife on it
I thought it was out of consideration but it looks like I may have to go for a 3 or 4 day studio stay every other trip

She is at Boardwalk now so we could have a change

 

[peabody58]

We added on to BWV because we love the location, love the low point chart, and hopefully out live the 2042 expiration (we'll be 86 then), So BWV points only for BWV stays. We will get our enjoyment out of our 100 direct points through 2042.

Riv was never really a serious contender for all the above reasons.

 

[tom1944]

We added on to BWV because we love the location, love the low point chart, and hopefully out live the 2042 expiration (we'll be 86 then), So BWV points only for BWV stays. We will get our enjoyment out of our 100 direct points through 2042.

Riv was never really a serious contender for all the above reasons.

We will be around the same age as you in 2042 so we put those resorts back on our list when my daughter expressed the possibility she might not want to take over our contracts

 

[Nursemanit]

I did a mix of RR direct and BWV resale - I will stay at BWV for as long as possible. When BWV 2 comes about my direct points will get me something at 7 months.

 

[dvc lover 1970]

I like the ability to walk to the parks and not be dependent on resort transportation. RIV is beautiful, but you are dependent on transportation.

 

[MouseOfCards]

Sooo agree with the PP's - would not buy either resort today: BWV due to the short expiration and DRR due to the resale restrictions. Looking forward to visiting both resorts on our upcoming trip using our current points.

 

[DonMacGregor]

We will be around the same age as you in 2042 so we put those resorts back on our list when my daughter expressed the possibility she might not want to take over our contracts

I’ll be 78 in 2042, so for us it’s BRV that we don’t mind buying right now. Keeping the total BRV points at around 275, with the rest of our points in longer contracts, but getting at least another 20 or so weeks over the next 20 years (still have 2022 points) still makes the resort worth owning for us. Different 2042 resort, same idea. If the kids want the longer contracts down the road, they can have them. I bought more BRV for me. LOL.

 

[tom1944]

I’ll be 78 in 2042, so for us it’s BRV that we don’t mind buying right now. Keeping the total BRV points at around 275, with the rest of our points in longer contracts, but getting at least another 20 or so weeks over the next 20 years (still have 2022 points) still makes the resort worth owning for us. Different 2042 resort, same idea. If the kids want the longer contracts down the road, they can have them. I bought more BRV for me. LOL.

There is so much data available it is both a curse and a benefit.

I just ran the original sales price of some resorts at initial offering through an inflation calculator and you can purchase some of the 2042 resorts for an equivalent price today when you consider inflation..

Now the original price gave you 50 years of use compared to 19 now which is a huge factor if you bought with the intention of selling to recoup your cost. I am not sure people buying in 1996 or 2000 were expecting the DVC timeshares would be different than other timeshares and retain value though

Now I have to think if this information makes the 2042 resorts viable candidates of is the length of the contract a larger factor that should cut the price below the rate of inflation?

I used BWV at a price of $67 and BRV at $75 with inflation through October 2022 that would be around $130. There are contracts with points at $130 or less. How much is having only 38% of the time worth? I believe I saw a contract at $108 that still might not offset the contract length.

I have to think about it and bounce it off some friends

 

[CarolMN]

I love BWV and even though we are not in the market to add more points, I would still buy BWV today if I were. (That's assuming it would still work out to be less expensive than paying Disney discounted cash stays and assuming annual passes are still available to purchase. This last is a very important factor in any purchase decision we would make).

The BW location cannot be beat - transportation options are arguably the best on property, and the point chart cannot be beat. Once the refurb is completed (scheduled for 2023), the rooms will be among the nicest in DVC.

I would rather be where I want to be for the next 19-20 years than somewhere else for the next 40 -50, wishing I were at the BWV. We do not want to leave a financial obligation to our daughter and she really isn't the fans we are, anyway.

Since we never expected to sell our contract, anything we may get when/if we sell is gravy. We are fortunate in that we were able to buy with discretionary funds. It won't change our lifestyle at all if we cannot recoup any of the initial purchase price.

As nice as the Riviera is, I would not buy there due to the transportation. The skyliner just cannot be counted on as a reliable mean of transportation. Staying at the BWV gives us easy access to it, anyway - we used it just last week to get to Topolinos, and often choose it to return to the BWV from DHS when we just want to enjoy the ride.

I still believe that in most cases, you should buy where you want to stay. Any savings are soon forgotten when you are staying elsewhere, wishing you were somewhere else.

 

[tom1944]

I love BWV and even though we are not in the market to add more points, I would still buy BWV today if I were. (That's assuming it would still work out to be less expensive than paying Disney discounted cash stays and assuming annual passes are still available to purchase. This last is a very important factor in any purchase decision we would make).

The BW location cannot be beat - transportation options are arguably the best on property, and the point chart cannot be beat. Once the refurb (scheduled for 2023), the rooms will be among the nicest in DVC.

I would rather be where I want to be for the next 19-20 years than somewhere else for the next 40 -50, wishing I were at the BWV. We do not want to leave a financial obligation to our daughter and she really isn't the fans we are, anyway.

Since we never expected to sell our contract, anything we may get when/if we sell is gravy. We are fortunate in that we were able to buy with discretionary funds. It won't change our lifestyle at all if we cannot recoup any of the initial purchase price.

As nice as the Riviera is, I would not buy there due to the transportation. The skyliner just cannot be counted on as a reliable mean of transportation. Staying at the BWV gives us easy access to it, anyway - we used it just last week to get to Topolinos, and often choose it to return to the BWV from DHS when we just want to enjoy the ride.

I still believe that in most cases, you should buy where you want to stay. Any savings are soon forgotten when you are staying elsewhere, wishing you were somewhere else.

Excellent post

 

[RoseGold]

If Disney keeps pumping out new stuff before they can get rid of RIV, IMO RIV resale will have to suffer.

I've always thought RIV resale is overpriced. IMO, it should be closer to SSR. I think that when there's more of it and Disney is actively selling other stuff, we could see that happen. It's not like RIV resale is a hot ticket.

And hey, I'm not opposed to RIV resale if the price is right. I'll take a pink card or whatever and become and even lower class of DVC.

 

[DonMacGregor]

There is so much data available it is both a curse and a benefit.

I just ran the original sales price of some resorts at initial offering through an inflation calculator and you can purchase some of the 2042 resorts for an equivalent price today when you consider inflation..

Now the original price gave you 50 years of use compared to 19 now which is a huge factor if you bought with the intention of selling to recoup your cost. I am not sure people buying in 1996 or 2000 were expecting the DVC timeshares would be different than other timeshares and retain value though

Now I have to think if this information makes the 2042 resorts viable candidates of is the length of the contract a larger factor that should cut the price below the rate of inflation?

I used BWV at a price of $67 and BRV at $75 with inflation through October 2022 that would be around $130. There are contracts with points at $130 or less. How much is having only 38% of the time worth? I believe I saw a contract at $108 that still might not offset the contract length.

I have to think about it and bounce it off some friends

I’ll be honest. Our retirement situation is well in hand and we pay cash for any points we purchase. We use what I call Vegas Money: money that can be used to purchase luxury items or aspirational trips that doesn’t impact broader financial health. I like nice cars and watches too. That way, I’m not going to care at 80 years old about money I spent at 55. Buying a resort that is active until I’m 90+ years old, while on paper may be reassuring, won’t do me much good when I’m on the wrong side of the grass (or when priorities might be shifted from a Disney World vacation). Some people say you have to have an exit strategy, I think if you need one, you’ve possibly spent money you shouldn’t have. Maybe not a popular opinion..

 

[tjkraz]

There's no simple equation that can be used to explain why resorts fetch certain returns on the resale market.

BWV benefits from a lower points chart--especially the Standard View. Probably a dose of sentimentality too. Since BWV is 25 years old, far more people have stayed there and have emotional attachment, as opposed to Riviera which is 3 years old.

 

[RoseGold]

Also not a popular opinion around here, I'm never going to WDW without little kids. So, that bakes in my exit strategy.

Some people say you have to have an exit strategy, I think if you need one, you’ve possibly spent money you shouldn’t have. Maybe not a popular opinion..

I think when you buy a product like this you need at least a vague exit strategy because it changes the buy. I get people think this is their forever home or something, but not all of us. And for short term buyers, buying direct doesn't make sense. You don't have to buy this to hold forever to be able to afford it, LOL. Heck, you don't even have to hold for that long.

 

[DonMacGregor]

Also not a popular opinion around here, I'm never going to WDW without little kids. I think when you buy a product like this you need at least a vague exit strategy because it changes the buy. I get people think this is their forever home or something, but not all of us. And for short term buyers, buying direct doesn't make sense. You don't have to buy this to hold forever to be able to afford it, LOL. Heck, you don't even have to hold for that long.

While I respect everyone’s right to an opinion, this is a luxury* purchase and I don’t think that a purchase of this nature needs to or should have an exit strategy. Of course it depends on age, net worth, financial portfolio, etc. It’s not a forever home or even necessarily an annual destination. I don’t buy cars based on what I can sell them for, or any luxury item for that matter (big screen TV, hobby or athletic gear, you name it). And if my kids don’t want it, I’m not going to stress about getting a few bucks back out of it. It’s not an investment, it’s an expense.

*ETA: In case anyone else is confused, "luxury" in this context does not mean "Luxury Hotel", it's used in the context of "not necessary, or easily replaced by items of lesser quality, cost or value".

 

[tom1944]

I’ll be honest. Our retirement situation is well in hand and we pay cash for any points we purchase. We use what I call Vegas Money: money that can be used to purchase luxury items or aspirational trips that doesn’t impact broader financial health. I like nice cars and watches too. That way, I’m not going to care at 80 years old about money I spent at 55. Buying a resort that is active until I’m 90+ years old, while on paper may be reassuring, won’t do me much good when I’m on the wrong side of the grass (or when priorities might be shifted from a Disney World vacation). Some people say you have to have an exit strategy, I think if you need one, you’ve possibly spent money you shouldn’t have. Maybe not a popular opinion..

I am in the same situation with our retirement and financial situation overall

I guess what was holding me back was my original thought that what I buy would go to my daughter and granddaughter

But even in 2042 they will be 52 and 23.

If they love WDW we can make additional purchases anytime