Riviera Resale. Why?

[Pens Fan]

Between the point chart and the resale restrictions I don't think the resale price could ever go low enough to justify our family buying in.

We like to mix up our vacations. We only bought into DVC once we knew we had the spare time and $$ to vacation other places as well as Disney each year. I'm ok with committing to Disney once a year only because I know we'll go several other places as well. But to commit ourselves to one resort, year after year after year - no thanks. That doesn't appeal to me at all.

I think the resort looks fantastic though, and hope to stay there from time to time - just not every year.

 

[_Iowa_]

Between the point chart and the resale restrictions I don't think the resale price could ever go low enough to justify our family buying in.

We like to mix up our vacations. We only bought into DVC once we knew we had the spare time and $$ to vacation other places as well as Disney each year. I'm ok with committing to Disney once a year only because I know we'll go several other places as well. But to commit ourselves to one resort, year after year after year - no thanks. That doesn't appeal to me at all.

I think the resort looks fantastic though, and hope to stay there from time to time - just not every year.

Yep. We have family and friends with direct contracts and of course cash is always an option. I figure we can trade them points if we ever want to stay there

 

[Noah_t]

170$ PER POINT FOR RESALE

If I think about it chances are whoever is selling Riv resales right now must be in a bind so good luck. The more I think about it the more I am annoyed with that restriction. They really neutered the whole value of DVC resale with that move didn't they. It's funny I am sitting here complaining about it but at some point I will pull the trigger on a 100 direct points and there's a good chance it will be Riveira. Although maybe an OKW isn't a bad idea. Lol

 

[Royal Consort]

Into the future, after selling out, Riviera will do okay on the secondary market. I expect owners to add smaller contracts resale to their portfolio as 2042 approaches nearer.

 

[zavandor]

I don't get why anyone would buy any RIV points new or resale.

I'm not in the market for more points, but I wouldn't look at Riviera unless the price really crashes. In the $20-$30 region I'd start thinking about a small contract.

 

[rspencer38]

*sigh* another thread of people ripping Riviera and the resale restrictions. We get that you hate it but it seems every week we see another thread about it and it's getting exhausting.

It's perfectly acceptable to not like Riviera, just like I don't like the Grand Floridian but the reality is the resort will sell out. At some point all resorts going forward will have resale restrictions (unless they decide to remove the restriction) and than Riviera will be no different than any other in terms of restrictions.

I love AKL and BWV but the length of contract and restrictions with not being able to access to new resorts was a deal breaker.

Also, I personally think Riviera is stunning. People are going to like Riviera the same as those who love BCV. There will be plenty of buyers and the value will never get super low.

It's getting very difficult to book outside your home resort at 7 months (at least for Studios) so you might as well buy where you love. For me, Riviera checked so many boxes.

 

[Noah_t]

No one here is ripping Riveira as a resort, at least I don't think we are. What I am ripping is the insane resale prices on such a neutered contract.

 

[zavandor]

*sigh* another thread of people ripping Riviera and the resale restrictions. We get that you hate it but it seems every week we see another thread about it and it's getting exhausting.

That's the nature of a public forum. Not everyone reads all the posts and new people join all the time. There are a few questions that have been asked countless of times and people still replies and those replies are helpful.
In the case of Riviera resale, I think it's better to be sure that everyone who might consider buying a contract knows exactly what he's buying. It is a completely different product. If you buy Riviera resale, you're not buying a Vacation Club property, you're buying one single resort, with the added inconvenience and risk that there are 250,000 members who can book your resort while you cannot book theirs. This is a risk, how big and how much it's going to affect people is still unkown and there is nothing people love discussing on the Internet more than things they don't know much about
The old trick still works: if such threads bore you, just skip them.

 

[pineapplepalms]

No one here is ripping Riveira as a resort, at least I don't think we are. What I am ripping is the insane resale prices on such a neutered contract.

That's the nature of a public forum. Not everyone reads all the posts and new people join all the time. There are a few questions that have been asked countless of times and people still replies and those replies are helpful.
In the case of Riviera resale, I think it's better to be sure that everyone who might consider buying a contract knows exactly what he's buying. It is a completely different product. If you buy Riviera resale, you're not buying a Vacation Club property, you're buying one single resort, with the added inconvenience and risk that there are 250,000 members who can book your resort while you cannot book theirs. This is a risk, how big and how much it's going to affect people is still unkown and there is nothing people love discussing on the Internet more than things they don't know much about
The old trick still works: if such threads bore you, just skip them.

While I agree that discussing the resale restrictions is helpful for new buyers, not everyone is posting responses in that vein. For example:

I don't get why anyone would buy any RIV points new or resale.

I would hope that people could understand that not everyone values the same things and some might prefer to buy something that another would not. If you need some help with understanding what motivates others to buy RIV because you don't get it, I'm sure there are those of us who would be happy to explain. Some things we value as RIV owners:
- Long contract since we are younger buyers in our 30s with young kids
- Skyliner access to EP/HS and other resorts since we value that amenity
- Beautiful rooms and resort style that we personally love
- 1BR and 2BR villas that sleep more people comfortably on pull down Murphy beds instead of traditional sofabeds, so while it is more point heavy, I plan to book 1BRs for longer due to the bed configuration, plus the rooms are a good size
- Dining options (we've eaten there several times and were very happy with the dining)
- Incentives bringing the direct points down to a reasonable cost for us (again, younger buyers and we paid cash for all our DVC points without stretching our finances)

Just sharing my thoughts. In the end, there will still be those who just don't "get it" because they don't want to understand another's point of view. Such is life.

 

[SL6827]

Different strokes for different folks. Not everyone will love the same thing. And that is fine. Variety is great. Just because I love or don't love a resort, dining, a park doesn't mean everyone will feel the same. And that is to be expected. No worries.

 

[_Iowa_]

I would hope that people could understand that not everyone values the same things and some might prefer to buy something that another would not. If you need some help with understanding what motivates others to buy RIV because you don't get it, I'm sure there are those of us who would be happy to explain. Some things we value as RIV owners:
- Long contract since we are younger buyers in our 30s with young kids
- Skyliner access to EP/HS and other resorts since we value that amenity
- Beautiful rooms and resort style that we personally love
- 1BR and 2BR villas that sleep more people comfortably on pull down Murphy beds instead of traditional sofabeds, so while it is more point heavy, I plan to book 1BRs for longer due to the bed configuration, plus the rooms are a good size
- Dining options (we've eaten there several times and were very happy with the dining)
- Incentives bringing the direct points down to a reasonable cost for us (again, younger buyers and we paid cash for all our DVC points without stretching our finances)

Just sharing my thoughts. In the end, there will still be those who just don't "get it" because they don't want to understand another's point of view. Such is life.

Yeah I get this completely. I know plans change and everything, but sort of like a marriage you don't go into a DVC contract thinking you're going to sell it in 10 years. Of course just like a marriage things happen so it isn't bad to plan, but if RIV is your favorite resort I absolutely get buying it direct. Resale would be tough for me to understand without a pretty big discount, because there isn't a resort I love so much that it'd be the only place I wanted to stay. Even there you still have ways around it.

RIV will probably never make sense for my family but I get why it would for someone else.

 

[BillPA]

Old PT Barnum was correct....

 

[pineapplepalms]

Old PT Barnum was correct....

“We cannot all see alike, but we can all do good.”
-- P. T. Barnum

 

[BillPA]

I was thinking the "there's one born every minute!!!"

 

[pineapplepalms]

I was thinking the "there's one born every minute!!!"

I know what you meant. I was trying to take the high road. Guess I'm alone on it. Have a magical day.

 

[BillPA]

I like you's better but mine hits home with many. A magical day to you also,

 

[RoseGold]

I think it's too early to make a final decision. Sure, the point chart is so brutal against the 2042 resorts, that it would have to be practically free to compete with those. But I don't want to stay at OKW.

We don't know how low the resale price will be. I'm white card, and maybe I'd entertain whatever future color they make for fourth, fifth, twenty second class DVC members in the future.

 

[Doberge]

Not that anyone should be buying strictly to invest, but even at current direct incentives one can buy 200 points for $160/point and rent out the next 49 years at "only" $10/point above maintainance fees and you'd still see a positive net present value.

 

[_Iowa_]

Not that anyone should be buying strictly to invest, but even at current direct incentives one can buy 200 points for $160/point and rent out the next 49 years at "only" $10/point above maintainance fees and you'd still see a positive net present value.

....no you wouldn’t, right? Can you show the math there?

 

[Doberge]

....no you wouldn’t, right? Can you show the math there?

I used this calculator: https://www.calculatestuff.com/financial/npv-calculator

Used default 5%, $32000 investment (200 points at $160, admittedly doesn't include closing, and $2000 cash flow every for 49 years (200 points at $10 above MFs)

$4,337.44 NPV, unless there's a mistake there somewhere