ROFR Discussion Thread

[Chili327]

Hopefully many will use it!!
buymeacoffee.com/dvcrofr

Can I bump this.

 

[atthebeachclub]

ROFR thread seems pretty quiet lately.

 

[pzw90]

Yes, sorry! I rescinded my offer on the VB contract. You can delete it from the list.

Maybe I'm looking at the wrong one, but it looks like it was relisted for below your price soon after. Now its sold so don't know how much more below that it went.

 

[Chili327]

ROFR thread seems pretty quiet lately.

The amount of contracts for sale is really low right now too. DVCforLess.com is down in the 700’s.

 

[atthebeachclub]

The amount of contracts for sale is really low right now too. DVCforLess.com is down in the 700’s.

It’s kind of weird. I would assume that means more people have bought, but maybe it just means nobody is selling? Which isn’t what I’d expect with so much market uncertainty and changes in airlines, gas prices, etc!

 

[Brian Noble]

Which isn’t what I’d expect with so much market uncertainty and changes in airlines, gas prices, etc!

I am going to guess that most people who own DVC do not have to make any material changes to their lives just because gas is $5/gal

 

[atthebeachclub]

I am going to guess that most people who own DVC do not have to make any material changes to their lives just because gas is $5/gal

If it were only gas to fill up the car, that would be one thing. But most of us rely on food transported long distances on trucks, planes to get us places, etc. And that gas at $5 might not hurt much now, but even those of us doing ok could be feeling the pinch in a few months if it affects the costs of everything else. Not to mention how many people have set costs such as mortgages to pay in addition, AI job threat, etc. Sure, K shaped economy and all that, but there is a lot of uncertainty right now. Maybe it’s priced in? Or maybe people are just looking at today.

 

[Brian Noble]

I mean, I get it. I am paying all of those prices too, and have booked a bunch of airfare for the summer at prices that are definitely nudging up. But most travel providers who've been reporting earnings recently (including Disney) are saying that bookings remain strong, particularly with the higher-end customer. And DVC owners may not be the tippity-top of Disney's guests (I don't have the cash laying around for Club 33 for example), and I am sure we can find anecodotal evidence of folks on the border, but I am confident that most DVC owners are in the top half, if not the top third, of Disney visitors when it comes to discretionary income.

Speaking of anecdoate: I'm buying a lot less beef these days, but it's not because I can't afford it. I just can't bring myself to pay $17/lb for an average NY strip that I'll be griling myself. On the other hand, I did just drop a good chunk on some pre-paid dinner reservations for a trip to Japan that is coming up.

 

[Brian Noble]

Or maybe people are just looking at today.

I think this has a lot to do with it. "Maybe things are going to get worse, but I'm not sure how much" is not necessarily a reason to sell your DVC contract. We might have to get to "I'm not sure how we're going to make this work," before it happens in appreciable numbers.

 

[Chili327]

… and I am sure we can find anecodotal evidence of folks on the border, but I am confident that most DVC owners are in the top half, if not the top third, of Disney visitors when it comes to discretionary income.

Just wanted to raise my hand and say… no this is not me or my situation. I am probably too poor to be a D\/C member, but I have made sacrifices to make it happen. I’m most likely (definitely) not saving money. lol

 

[HyperspaceMountainPilot]

I think this has a lot to do with it. "Maybe things are going to get worse, but I'm not sure how much" is not necessarily a reason to sell your DVC contract. We might have to get to "I'm not sure how we're going to make this work," before it happens in appreciable numbers.

This makes a lot of sense—especially as DVC resale value has been stagnant (and largely down from where it was a few years ago) across the board…I actually wouldn’t be surprised if it was like regular American real estate—some people are underwater (or barely breaking even) and aren’t going to sell at current valuations unless there is a compelling need to do so.

 

[atthebeachclub]

This makes a lot of sense—especially has DVC resale value has been stagnant (and largely down from where it was a few years ago) across the board…I actually wouldn’t be surprised if it was like regular American real estate—some people are underwater (or barely breaking even) and aren’t going to sell at current valuations unless there is a compelling need to do so.

The spring real estate season this year seems like a bust, at least in my neck of the woods. Not that there is an overwhelming amount of real estate on the market, but what is on the market isn't moving, from what I can tell. I don't think people are desperate enough to drop prices, but that could change eventually.

 

[Brian Noble]

Just wanted to raise my hand and say… no this is not me or my situation

...which is why I said the thing before the part you bolded:

I am sure we can find anecodotal evidence of folks on the border

But on average I am pretty sure the "upper-half-to-upper-third" is true. Very few people drop five figures on a timeshare unless they can do so at least semi-comfortably. And if someone can semi-comfrotably drop five figures on a timeshare, they are probably doing okay in the grand scheme of things.

As for selling:

some people are underwater (or barely breaking even) and aren’t going to sell at current valuations unless there is a compelling need to do so.

I am going to guess that most people are not even thinking about selling unless (a) they are no longer interested in going or (b) they are now in a genuine hardship situation. In either case, I will also guess that anyone in situation (a) probably doesn't have much of an idea of what prices were two years ago, and people in situation (b) don't care, because they no longer have many options.

 

[kilik64]

Isn't there generally and ebb and flow to amount of listings year to year? Usually picks up toward the fall/winter when people start thinking about having to pay dues again for the next year?

 

[Moonspinner]

I am not in the market for more points right now. But I did make alot of offers when I was buying. DVCRM, I chose Derek D. He was not willing to negoiate at all. And made it sound like a pain in his rear to submit my offers to the seller. Gave me the same speech.

I can confirm this and not exactly pleasant.

 

[TheThousandthSoul]

The ROFR timeline appears now to be 18+ days.

 

[tidefan]

The ROFR timeline appears now to be 18+ days.

But I thought that the $500 fee was going to make things go magically faster...

 

[IsDVCForMe?]

That is absolutely wild!

 

[atthebeachclub]

I can confirm this and not exactly pleasant.

He also submitted a buyer’s offer on my contract and was a bit…tonally unpleasant. Hard to read tone through email, but it wasn’t my favourite.

 

[Qiriri]

The ROFR timeline appears now to be 18+ days.

We're approaching two weeks