Which is all well and good when there’s demand. 24 months ago when there wasn’t they didn’t ROFR anything for 4 or 5 months. You can’t create more than a marginal amount of demand for a $30000 purchase by dropping the price 10%.
Yes, every 100 years when there's a global pandemic, demand for DVC goes to zero and ROFR policy becomes ineffective.
I was wondering where this one went. Congrats!
The last recession they suspended ROFR for some 2 years. There’s a lot of threads on here about it. Search ROFR and 2010.
I agree , have you seen the prices some people are willing to sell SSR at now a days! Nobody is buying for fear of ROFR. Ive had an SSR for sale for a bit and crickets whereas the last SSR I sold a month and a half ago went in 2-3 weeks.
Yup- lots of contracts in the $120-130/point range just sitting there.
There are 75 BCV contracts right now for sale. The first 3 months of the year, average was 15 for sale. BCV is down to a 19 year contract as 2022 is Mostly sold out they 2022. I think we are going to see a big drop In the coming months.
Yeah but will Disney stop buying them back is the question
Our 150 point BCV contract just passed ROFR at $154 per point, which surprised me. I've seen a few others pass in that range, so DVC may be slowing down on Beach Club.
It appears they are slowing down on board and beach.
I don’t think they can expect to keep those prices where they are with the years on the contract dwindling. At least for OKW, they buy back the contracts and then sell them as 2057s.
I was serious about putting some offers in that I know won't pass. Sellers right now are relying on buyers overpaying to get through ROFR, and until buyers start putting some downward pressure on sellers, the market is going to stagnate. If OKW's equilibrium price ought to be $100, we need to start slamming through some $95s. Disney can't take them all.
