ROFR Thread July to Sept 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Beachlvr1215]

Beachlvr1215---$72-$13195-175-OKW-Apr-0/23, 0/24, 175/25, 175/26- sent 8/23 Sadly, today was the day Disney exercised their ROFR…back to square 1…a month wasted.

 

[poho14]

poho14---$130-$28,410-200-BCV-Feb-0/23, 200/24, 200/25, 200/26- sent 8/18, passed 9/19

Excited for our first DVC contract!

 

[ehh]

I think that they are out of direct points at VGF, other than the points (2%?) that they're required to hold. They'd have to ROFR VGF to get more points to sell direct.

I should have a ROFR string to post soon, but I have a quick question. I'll have 2023 UY points already banked into 2024. For the ROFR string, do I list those in 2023 or 2024?

Show the banked 2023 pts in 2024 for your ROFR string

I know what @The_MT says is what you should do according to precedent. But considering this thread's only got 10 days of liveness left, might as well throw in a lukewarm take:

Put the 2023 points where you think it requires the least additional explanation for understanding.​

For example, if you have a 200pt contract with the following points: 200pts 2023 (banked), 200pts 2024, 200pts 2025, 200pts 2026, putting your string as "0/23, 400/24, 200/25, 200/26" is unambiguous and requires no further explanation.

But if your 200pt contract has the following points: 100pts 2023 (banked), 150pts 2024, 200pts 2025, 200pts 2026, the recommended string is "0/23, 250/24, 200/25, 200/26". I think this is misleading without explanation, as it implies 50 banked + 200 standard. To me, "100/23, 150/24, 200/25, 200/26" is clearer as the only implication/assumption is banked vs. not, and banked is a fairly safe assumption these days.

Going even wackier will typically require additional explanation regardless of where points are listed, but even then I think erring on the side of listing the points in their original use year tends to be clearer, contrary to thread guidance and precedent.

For example, which is clearer and requires the least amount of additional explanation?

• "100/23, 150/24, 170/25, 200/26"
• "0/23, 350/24, 70/25, 200/26"

Both absolutely require additional explanation, but the first one only needs "2023 points banked, 100pts from 2025 borrowed", while the latter requires "100pts banked from 2023 and 100pts borrowed from 2025", which seems similar but you have to specify 4 data points total vs. 3 (and also requires mental math to determine actual 2024 points). Also, while the banked 2023 and borrowed 2025 points now locked into use in 2024, they are not '2024 points'. True 2024 points could, ostensibly, still be borrowed or banked.

 

[cdobert]

I'm buying at a second home.

cdobert---$113.81-$3600-25-OKW-Sep-0/23, 25/24, 25/25, 25/26- sent 8/27

I received a revised contract on 9/16 to be signed. ROFR review caught a math error. Does this start my wait all over?

 

[AstroBlasters]

I received a revised contract on 9/16 to be signed. ROFR review caught a math error. Does this start my wait all over?

Yes, unfortunately it does.

Let me guess who your broker is…

 

[VGCgroupie]

Yes, unfortunately it does.

Let me guess who your broker is…

The big F

Nervous since I currently have 2 in process with them right now.

 

[Chili327]

The big F

Nervous since I currently have 2 in process with them right now.

You’ll be fine, I bet the price was right.

 

[VGCgroupie]

You’ll be fine, I bet the price was right.

Always

 

[cdobert]

It wasn't the big F, nor the boards sponsor. I'm irrated at the delay, but it's reducing my costs

 

[Flash_Sloth]

They have definitely been ROFRing VGF…. found that one out the hard way…

Ouch, sorry to hear that. I know that's no fun. A couple of years ago, they exercised ROFR on a BLT contract I was trying to buy... after making we wait 40 days while many others heard more quickly!

FWIW, I did look on page 1 of this quarter's ROFR discussion page, and didn't see any VGF taken in ROFR. ROFR isn't completely asleep these days, but isn't near as active as a couple of years ago.

One thing that somewhat puzzles me, though, is that in recent history, they don't ROFR at resorts they're actively selling. But with the new Island Tower at Poly going on sale soon, they're exercising ROFR on several original Poly contracts. Obviously they have every right to, and we're left wondering about the reasoning behind their decision making.

 

[HyperspaceMountainPilot]

But with the new Island Tower at Poly going on sale soon, they're exercising ROFR on several original Poly contracts. Obviously they have every right to, and we're left wondering about the reasoning behind their decision making.

pretty clear that the reasoning behind their decision making is that it will be tougher to sell Poly direct at $200 if you can get it resale under $150.

 

[AstroBlasters]

pretty clear that the reasoning behind their decision making is that it will be tougher to sell Poly direct at $200 if you can get it resale under $150.

And it’s worked. Resale prices are almost nonsensical.

 

[JackosinDIS]

And it’s worked. Resale prices are almost nonsensical.

Not ‘almost’ in some cases… just nonsensical… like the recent one priced at $210 stripped until 2026. Yes it’s a small contract, but you can literally buy the exact same thing direct in 8 days’ time with an extra 2 years of points!

 

[AwfulWaffle]

Not ‘almost’ in some cases… just nonsensical… like the recent one priced at $210 stripped until 2026. Yes it’s a small contract, but you can literally buy the exact same thing direct in 8 days’ time with an extra 2 years of points!

Well as long as there are suckers willing to pay that price point on resale then there will always be a seller
If I had poly points to sepl then I too would take advantage of the less informed buyer pool out there

 

[WinterSolider]

Not ‘almost’ in some cases… just nonsensical… like the recent one priced at $210 stripped until 2026. Yes it’s a small contract, but you can literally buy the exact same thing direct in 8 days’ time with an extra 2 years of points!

Are you saying there's Poly arbitrage to be had by buying direct then stripping and flipping?

 

[AstroBlasters]

Not ‘almost’ in some cases… just nonsensical… like the recent one priced at $210 stripped until 2026. Yes it’s a small contract, but you can literally buy the exact same thing direct in 8 days’ time with an extra 2 years of points!

That one made my head spin. I think the thought may be to target someone who isn’t a member that can’t add in for less than 100 points…. but an ultra small contract won’t get you very far on it’s own…. so I go back to “nonsensical”.

 

[Flash_Sloth]

pretty clear that the reasoning behind their decision making is that it will be tougher to sell Poly direct at $200 if you can get it resale under $150.

LOL, yes, I agree. Maybe I didn't phrase my question right.

I forget if they were or weren't ROFRing VGF in the run-up to VGF2, but in general, while VGF2 was on sale, they weren't ROFRing any VGF resale contracts. And today, they aren't ROFRing RIV, even when the resale restrictions make it take a heck of a beating on the resale market: 120s vs ~200 direct depending on incentives.

Why didn't they do it for VGF, and why aren't they doing it for RIV? Maybe they're convinced they have a real winner with Island Tower vs. a fast & cheap hotel flip to DVC with VGF2?

 

[Sandisw]

LOL, yes, I agree. Maybe I didn't phrase my question right.

I forget if they were or weren't ROFRing VGF in the run-up to VGF2, but in general, while VGF2 was on sale, they weren't ROFRing any VGF resale contracts. And today, they aren't ROFRing RIV, even when the resale restrictions make it take a heck of a beating on the resale market: 120s vs ~200 direct depending on incentives.

Why didn't they do it for VGF, and why aren't they doing it for RIV? Maybe they're convinced they have a real winner with Island Tower vs. a fast & cheap hotel flip to DVC with VGF2?

Once they start sales, you will see the ROFR stop at PVB.

The difference with VGF and PVB is that VGFs resale price wasn’t that much higher than what direct price for active resorts were so the gap didn’t need closing. It was around $170s when direct was $207

Not the same with PVB…it was in the $130s or so when active resorts now at $225.

So they needed to bring it up some before sales started.

 

[NVDISFamily]

But probably still pays less than if you watch the commercials. lol

A few popular (what I would call) big names in the tech and other spaces say that what they make from YouTube premium (formerly red) members was far far greater than what they make from regular monetized videos/adds. It's also shared with creators who may occasionally say something too spicy that a particular video get's banned or they aren't allowed to have adds, they still get money from the views. I'm so used to not having videos (or more important being able to turn off the screen) that it's kind of strange when I am accidently on a device that's not logged in and an add pops up.

 

[Kailunkat]

Are you saying there's Poly arbitrage to be had by buying direct then stripping and flipping?

It's a pretty thin margin but it is possible. Source: Messed up and bought a poor UY for myself in May. Resold this week. The only reason we are "profiting" was stripping out the 2023+2024 points into our other PVB contract before selling. Our only real goal was to eliminate the poor UY without taking a loss. I priced aggressively to sell since I didn't want to be caught with it once direct points started as I expect resale will drop again. Ended up about 1k positive after all the fees. Good enough.