Riviera before the price increase?

[Frugal Fairy Tales]

Anyone buying Riviera before the price increase?

 

[TinkB278]

I was thinking g about adding some more RIV points before but decided to hold off and see what VGF2 opens at. If the price is too high I’ll buy AKV direct or resale (but only if the price warrants the restrictions. Right now I think AKV resale is priced too high, I’d rather just go direct).

 

[Sandisw]

I am waiting for VGF so I can add those to what we own. We have 300 RIV..175 direct and 125 resale which right now works!!

 

[Robert Stoddart]

Considering pulling the trigger today @ Riviera, but would also prefer to know what happens with VGF. Might just lock in the price and then see what happens in the next 10 days.

 

[UofMGuy423]

I just bought 50 more yesterday!

 

[DVCRad]

We just bought 150 direct there. We had been thinking about it for months and decided to finally do it.

 

[raven0855]

Just got the ok from the wife today to add a 50 point contract at Riveria. We already own at Poly and Copper Creek. Not a bad birthday gift! Will add them on Tuesday when our rep is aback in the office.

 

[Sandisw]

Just got the ok from the wife today to add a 50 point contract at Riveria. We already own at Poly and Copper Creek. Not a bad birthday gift! Will add them on Tuesday when our rep is aback in the office.

Yeah!

 

[rM3panno]

We bought 2 150 point contracts today. I wish we knew what VGF2 was going to be but we really think Riviera is beautiful and like access to 2 parks via skyliner which I think will only become more beneficial as our sons get older.

 

[Robert Stoddart]

Went ahead with the purchase yesterday. We already own at VGF so should be a good mix. Still interested in how VGF2 opens though.

 

[MurphyL]

I am hesitant to buy more Rivera with the resale restrictions. I am wondering if Grand Floridian 2 will have the restrictions. I was on Disneys Vacation Club website reviewing the room categories for Grand Floridian 2, and it stated that you will have access to the studios, 1 bedroom, 2 bedroom, and grand villas in addition to the new rooms. I would think if you have the ability to book the initial grand Floridian units in the eleven month window then it has to be an extension of the original DVC resort. How do you implement resale restrictions on an extension of a resort that does not have resale restrictions.

 

[DVCRad]

I am hesitant to buy more Rivera with the resale restrictions. I am wondering if Grand Floridian 2 will have the restrictions. I was on Disneys Vacation Club website reviewing the room categories for Grand Floridian 2, and it stated that you will have access to the studios, 1 bedroom, 2 bedroom, and grand villas in addition to the new rooms. I would think if you have the ability to book the initial grand Floridian units in the eleven month window then it has to be an extension of the original DVC resort. How do you implement resale restrictions on an extension of a resort that does not have resale restrictions.

They've announced it is an extension to the original resort and not a new property. Highly doubtful to have resale restrictions.

 

[Epcot Forever Forever]

Hard to be motivated by a 2.9% increase in a 5-7% inflation world. I assume (based on nothing but what they did last year) there will be incentives at some point this year that are below the current price.

 

[hglenn]

We are considering purchasing a direct contract. Being new members we're waiting until Thursday to see what happens with VGF pricing. However, we have considered RIV, although the resale restrictions have us concerned what the market will be for those contracts when/if we try to sell it. Anyone else concerned about that? I know that you buy DVC for what it is and what you'll use it for, but knowing that **generally** DVC does retain value, I'm worried that RIV contracts won't carry their weight... Thoughts?

 

[tjkraz]

We are considering purchasing a direct contract. Being new members we're waiting until Thursday to see what happens with VGF pricing. However, we have considered RIV, although the resale restrictions have us concerned what the market will be for those contracts when/if we try to sell it. Anyone else concerned about that? I know that you buy DVC for what it is and what you'll use it for, but knowing that **generally** DVC does retain value, I'm worried that RIV contracts won't carry their weight... Thoughts?

There are 500 threads discussing the Riviera resale restrictions, so plenty of reading material if you want to seek it out. My two cents is that you have to weigh that risk against your own personal preference. If Riviera doesn't do anything for you, it's an easy decision to look elsewhere. If you like Riviera, you'll have to question whether you are willing to consistently take a risk at 7 months vs the relative certainty of booking at 11 months...especially the cheaper Standard View. I also think you can mitigate a lot of the Riviera risk by splitting the purchase into small contracts (like 50 x 3), which historically command more than the average resale price.

But again, personal preference should be the deal breaker. It makes little sense to maybe...possibly...earn better resale return down the road in exchange for years of lost booking priority.

EDIT: Also, Riviera incentives are set to decrease on 3/31. If you wish to hedge your bets, put a deposit on a Riviera contract by 3/30 to lock in the old pricing. You can always cancel and go a different direction before the final paperwork is signed. On 3/31, today's pricing will be lost and there's zero chance of getting DVC to honor it.

 

[hglenn]

There are 500 threads discussing the Riviera resale restrictions, so plenty of reading material if you want to seek it out. My two cents is that you have to weigh that risk against your own personal preference. If Riviera doesn't do anything for you, it's an easy decision to look elsewhere. If you like Riviera, you'll have to question whether you are willing to consistently take a risk at 7 months vs the relative certainty of booking at 11 months...especially the cheaper Standard View. I also think you can mitigate a lot of the Riviera risk by splitting the purchase into small contracts (like 50 x 3), which historically command more than the average resale price.

But again, personal preference should be the deal breaker. It makes little sense to maybe...possibly...earn better resale return down the road in exchange for years of lost booking priority.

I figured there was another thread but nothing super obvious was popping up in my search. I like the smaller contract idea, though. Someone else suggested that just in general... Thank you!

 

[Her Dotness]

I think your concerns are wise.

They're certainly ones expressed by others where RIV resale restrictions are involved.

Makes your decision no easier, I know, but if you do like VGF, I think it would be the more secure choice.

There will always be nutty peeps like us who value the cachet of owning at The Disney Flagship Resort. (Not that significant, actually. We simply love the GF and didn't seriously consider buying elsewhere.)

Practically speaking, I thoroughly agree with tjkraz:

But again, personal preference should be the deal breaker. It makes little sense to maybe...possibly...earn better resale return down the road in exchange for years of lost booking priority.

 

[Duckbug.Ducktales]

We are considering purchasing a direct contract. Being new members we're waiting until Thursday to see what happens with VGF pricing. However, we have considered RIV, although the resale restrictions have us concerned what the market will be for those contracts when/if we try to sell it. Anyone else concerned about that? I know that you buy DVC for what it is and what you'll use it for, but knowing that **generally** DVC does retain value, I'm worried that RIV contracts won't carry their weight... Thoughts?

So far, the resale restrictions haven't shown to make the resale price of RVA tank as many predicted, but there also aren't many data points. And we won't really know what will happen until the resort sells out direct and the main option for people wanting to buy there is resale/ROFR gets going.

Honestly, don't worry so much about it rn. RVA contracts are not going to be worthless if you need to sell, and if you're really worried then split up the purchase among small contracts as mentioned. Just decide based on what resort you like best. Take a look at the point charts also.

 

[Sandisw]

We are considering purchasing a direct contract. Being new members we're waiting until Thursday to see what happens with VGF pricing. However, we have considered RIV, although the resale restrictions have us concerned what the market will be for those contracts when/if we try to sell it. Anyone else concerned about that? I know that you buy DVC for what it is and what you'll use it for, but knowing that **generally** DVC does retain value, I'm worried that RIV contracts won't carry their weight... Thoughts?

I bought both direct and resale RIV so I am not worried at all. But, before going there and falling in love with the resort, I didn’t think I would ever buy.

Once I knew how great it was, it became less of a concern because its about the use for me and not what I may get in return if I ever sell. I don’t have a plan to get out anytime soon and my adult kids enjoy Disney too so we will be a DVC family for a long time.

I am one who doesn’t think resale value should be part of the. equation. I think one should look at how long is the break even points if you got nothing back and go from there.

Having said that, RIV is holding up a lot better than any of us predicted. Most of us thought you’d never be able to sell it for much..I myself predicted around $100 or less, even from the stsrt.

But it has not happened. IMO, it’s because it’s a popular resort and people are willing to own points there as part of what they own for stays there and to get SV rooms which help against the higher points chart.

Part is, of course, not many sold, but maybe we will never see the same level of contracts sold because of the restrictions and people will hold on longer because they are concerned of resale value. That could depress supply and keep the price higher.

We just have no idea what will occur because if DVD sticks with adding new resort with these restrictions, and RIV is no longer the only one, it won’t seem so out of place.

Having said all of that, given it does have them, I think you need to be sure you like it enough to stay there, either by visiting or doing a lot of research on what is out there about the resort.

 

[Mexacajun]

Bought 300 points direct last week. Just worked for us. First time buyer and happy I did it.