RoFR back??

[pkrieger2287]

Hello Paul
No Explanation Necessary!
You have the street cred with us disboarders!
BTW - I enjoyed your most recent VLOG, and look forward to more from you & Amy !

Is this like a gang or a cult? I already do CrossFit...

 

[Epcot Forever Forever]

Was literally looking at contracts today thinking I could offer a little lower for one that I liked.

I still would. Especially if it’s at OKW or SSR:

 

[Disfamwa]

Slightly off topic, but I hope that next DVC decides to make an example of a couple of the most egregious owners who have bought large amounts of relatively inexpensive resale points in the past year and constantly post 10 different speculative weekend and highly desirable rentals at a time in various Facebook groups. Some of these individuals are very clearly running a business and making way more than 20 rental reservations per year.

Renting is what got me into DVC and I definitely think it should be allowed, but the way it’s done on Facebook by these small “businesses” is clearly against contract terms and should be stopped.

 

[Jwaire]

Is this like a gang or a cult?

We've been called worse by direct guides and some resale agents.

 

[Sandisw]

The only reason? I promise you there are more than one reason people are buying direct points.....

So I think they started to ROFR again is to drive the price of resale higher so that DISNEY CAN charge more.

When diseny is holding a bag of points, as you call it, they don't just expire, Disney uses those points in the form of cash rooms.

That is a much better business strategy, than letting your product be devalued.

Again, if Disney slow raises the ROFR threshold they can keep resales prices higher....

Let's see if these are a one off, or if the process kicks back into gear. I am still surprised at them taking a VGF deeded to the original building because they are not, and will not sell someone those while they still have points deeded to BPK to sell.

 

[radiodome21]

I just closed on my direct 150 contract at VGF two weeks ago. Interestingly enough it was the night before we checked into the Disneyland hotel and I told my family that we could in theory stay there in the future at the new VDH that they’re working on. That, along with the current incentives is why I went direct.

Naturally, though, I’ve already decided that my next contract(s) will be resale and have already started looking even though I still haven’t paid off the balance for my direct yet . I gave up trying to figure out DVD’s ROFER logic a while ago. It reminded me of when I would try to reason with my kids when they were toddlers when that was pointless.

 

[Epcot Forever Forever]

As someone who has hemmed and hawed for a few years now (and plenty of messages here doing the same) it was the low barrier to entry of the resale market that drove me to buy. And it MAY still go through but this has me and my wife already talking about just grabbing the direct incentives. So perhaps it really is what they need to push direct sales. But that 150 points for blue card is really a tough pill to swallow when resale was SO cheap.

I hemmed and hawed for a few years too but if it was direct or nothing I would have gladly chosen nothing.

 

[Robbie Cottam]

Let's see if these are a one off, or if the process kicks back into gear. I am still surprised at them taking a VGF deeded to the original building because they are not, and will not sell someone those while they still have points deeded to BPK to sell.

If they are one off's
Why would they do it?

You made it clear in another thread that Disney's would NOT ROFR points for a buyer waiting for them.....

What other possible reason would Disney have then,

I can think of they wanted to send a message to the resale market,
Or they are getting ready for a Direct use sale.....

 

[Cartman3132]

The only reason? I promise you there are more than one reason people are buying direct points.....

So I think they started to ROFR again is to drive the price of resale higher so that DISNEY CAN charge more.

When diseny is holding a bag of points, as you call it, they don't just expire, Disney uses those points in the form of cash rooms.

That is a much better business strategy, than letting your product be devalued.

Again, if Disney slow raises the ROFR threshold they can keep resales prices higher....

You win man, the economy is doing great, they 100% are gonna sell 124k points to GFV every month without the $50pp discount.

 

[Flash_Sloth]

We all knew that RoFR would return eventually. And after hibernating, there are lots of good deals in the pipeline waiting for Disney to potentially exercise RoFR on. I'm glad that I was able to buy my resale contract a few months ago, and I ended up getting a better deal than the one I tried to buy over a year ago that was taken by RoFR.

It is cool that we can hear this news so quickly. I'm not in the market to buy right now, but I'm sure this news will affect some resale offers.

 

[Sandisw]

If they are one off's
Why would they do it?

You made it clear in another thread that Disney's would NOT ROFR points for a buyer waiting for them.....

What other possible reason would Disney have then,

I can think of they wanted to send a message to the resale market,
Or they are getting ready for a Direct use sale.....

I have no idea why they bought them...it may have something to do with the unit they are tied to??.

I was definitely wrong that ROFR would not come back...I said that in post #1. But, if you look at current sales, they have points to sell at AKV and I know they are not selling deeds to VGF1...which Paul confirmed is where this deed came from.

If they just exercised these, it will be at least a few months for them to be available for new buyers. So, I do not believe these specific contracts were bought because they have a buyer waiting for the points.

But, to see if I was wrong on that count, I reached out to my guide just to ask if there was a waiting list for AKV and he said no...plenty of points in stock if I want to add on today at that resort. I don't but anyone who wants direct points at AKV can call today and get them...

Now, it could be just to quell the conversations that it is not in play? They have always said they want people guessing so maybe all this talk on the DIS about it never coming back sparked them to take them. These contracts are stripped, so they would not even help a buyer waiting for them as there are no points until 2024...

 

[Jwaire]

No one likes being called out in an earnings call. They let the price gap get too large.

 

[gmi3804]

I think Pete's flooding the market with fire sale points.

 

[Robbie Cottam]

You win man, the economy is doing great, they 100% are gonna sell 124k points to GFV every month without the $50pp discount.

I wasn't going to bring up the economy, I got slapped for it last time....
I also agree that Disney is not going to sell as many direct points without doing something...... but that something doesn't have to be discounts.....
Disney alone has the ability and the power to drive the resale price point...

And to be fair the discount is only 30 dollars per point......
Magical begins is the owner renting there points back to Disney....

But people are going to buy VGF points without the discount. Some people want nothing to do with resale because they don't want to deal with the restrictions.

 

[Robbie Cottam]

I have no idea why they bought them...it may have something to do with the unit they are tied to??.

I was definitely wrong that ROFR would not come back...I said that in post #1. But, if you look at current sales, they have points to sell at AKV and I know they are not selling deeds to VGF1...which Paul confirmed is where this deed came from.

If they just exercised these, it will be at least a few months for them to be available for new buyers. So, I do not believe these specific contracts were bought because they have a buyer waiting for the points.

But, to see if I was wrong on that count, I reached out to my guide just to ask if there was a waiting list for AKV and he said no...plenty of points in stock if I want to add on today at that resort. I don't but anyone who wants direct points at AKV can call today and get them...

Maybe it was to send a message?
Is that possible?

 

[Hubalorian]

Let's see if these are a one off, or if the process kicks back into gear. I am still surprised at them taking a VGF deeded to the original building because they are not, and will not sell someone those while they still have points deeded to BPK to sell.

Could they be looking at the up-charge they’ll make once they sell out VGF?

 

[Sandisw]

No one likes being called out in an earnings call. They let the price gap get too large.

My only thought is look what happened with the VGF July numbers. Those are the best they have seen since the first few months of sales resuming in 2022.

I really think what we are going to see is more aggressive pricing as we move along. I just don't know if seeing three contracts taken is enough to say they want to raise resale prices....its just never been part of the strategy...we shall see!

But, I do have to wonder if the new direct sales number may give DVD reason to not only make Poly tower a new association, but keep it at 40 years and add restrictions, and just price well...including keeping the MB program in play!

 

[Sandisw]

Maybe it was to send a message?
Is that possible?

Yes...I did add that comment to my post....maybe they are reading here that many thought it would never come back...

But, I still want to see more than three to say there wasn't something unique about these specific contracts that made them take them because TBH, they really were not that low...

 

[TheDailyMoo]

DVC acting like a crazy Ex that you thought had finally moved on but shows up at the restaurant you took your new date to make sure you know they will ALWAYS be around.

 

[npatellye]

@npatellye if you don't mind, what was your ROFR that just passed? Still trying to get the pulse on all this.

$70/point for 150 points at OKW, 2042.