Hello everyone, I'm a long time viewer but this is my first comment. I would first like to thank everyone for their posts on here because they have been extremely beneficial for when it came time to buy into
DVC. I come from a large family of OKW DVC members and was always against DVC but recently drank the Kool Aid and finally found the money to buy in. This past summer I ended up buying 80 points direct for OKW. The reason I went with direct is because I wanted the benefits and also because of how high the prices have risen over the past year or 2 for OKW. (I can only speak for OKW, for it's the only one I watch) It's to the point where you are almost better off just buying direct for the first contract and then resale for the rest. (the difference between the prices isn't as great as it used to be). I don't know whether to blame it on ROFR, the companies selling resale or the inexperienced buyers. I'm noticing on resale sites, people are selling the OKW 2042 expiration year at the same price as the 2057 expiration and it blows my mind. The ROFR has brought the minimum price to the mid-late $90 range but the sellers (and I guess buyers, because a contract isn't worth $120 a point unless someone is willing to pay for it) have brought the price to well over $100 for most contracts of 150 points or less. With the overall price of
Disney vacations skyrocketing, I would assume that the buyer would want the lowest price possibly and would do some research to know where the price range should be. I'm also assuming that the resale salespeople want the highest price possible because it's more commission for them and I know Disney wants the highest price possible to make the most profit but even they seem to limit their ROFR a little so they don't destroy the resale market, which I truly believe they know they need the resale market just as much as the direct sale market. Sorry I'm just griping over the system because I'm not happy with the direction its going, the fact that there are less years left on these contracts and the price keeps increasing, significantly, year after year. Is it supply and demand ruining the market...the drunken monkey, greedy sellers or naive buyers? or all of the above? and how many years left on a contract before the prices start to actually drop? 20 years? 10 years? never? Once again sorry for the complaining but something has to give and now that I'm a member, I take this stuff personally.