ROFR Thread Oct to Dec 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Kenito]

Thank you for your response. I didn't see your thread. What size contract did you purchase?

This one....

Kenito---$138-$24,357-170-BCV-Jun-170/22, 170/23, 170/24 – sent 11/15

 

[Lorana]

agree! I understand that Chapek most likely got fired because of the losses from Disney+ and share prices but he was most hated for all the changes and price increases in the parks. So why does D’Amaro not get any of the blame? Because he might have been hamstrung by his boss? I don‘t buy it.

I agree with you -- D'Amaro was at the helm during all of these changes. Everyone assumes they were all Chapek's ideas, but that's not necessarily true... and in fact is unlikely to be entirely true, as a CEOs rely on their executive team to come up with the plans to meet initiatives and goals. Josh had some role to play in all the changes. (Though he has bounced around a LOT in different roles in the company in the last few years, which means they were sending him to where they need changes -- which would more strongly imply he's behind a lot of the things we loathe lately -- or he's NOT particularly effective and they were bouncing him around because they didn't want to get rid of him but were trying to find the right role for him.)

Also, don't forget the impact that looks, charisma, and personality play. Chapek clearly didn't care to play to the crowd; he very much had a "do it my way and I don't care what you think." D'Amaro, on the other hand, plays to the crowd. He likely escapes a lot of criticism because he makes sure people like him, and people are often willing to be forgiving when they like someone... especially when they can blame it all on Chapek.

In the end, it will be telling to see what happens next.

 

[Lorana]

I don't see how 2042 prices will be so much cheaper in a year or two when direct prices are increasing, not decreasing...which might incentivize DVD to ROFR contracts to keep the 2042 resale prices high to justify the (crazy) direct prices. Time will tell. I have a $138 point contract in ROFR right now, and even at that price point I don't feel entirely justified spending the money, but the warm fuzzies I get from BCV overrides sound financial judgement.

If I could find a small BCV contract at $138/point, I'd be tempted to jump in regardless of the 2042 date. But I often see them in my UY Year for $170-$180, and I'm just unwilling to spend that much on a resort that is expiring in 2042, much as I love BCV. So far I've been fairly lucky in the 7-month window when I've wanted to stay there.

That said, DH & I thought we'd be lifers for DCV and bought in with intent of having plenty of points post-2042 so that we can spend a month or two in winter in WDW. But with the constant raising prices -- far outstripping inflation -- we have begun to wonder if Disney will price us out long before then. Which is sad -- we bought into DVC partly because Disney WAS pricing us out (and we like the larger accommodations), and the discounts on APs and cheaper accommodations. Now there are no discounts on Incredipasses (where there had been discounts on Platinum passes), and now they've blocked out Thanksgiving (we have a fixed week over Thanksgiving), so now we HAVE to buy Incredipasses if we are going into the parks that week. Don't get me wrong -- I'm not selling any time soon. I just have already been considering that we might not hang on to our DVC as long as I thought, if this is the continued trend in ticket pricing (when you combine it with Genie+, rising food pricing, lower food quality, less resort activities, less entertainment, increased special events, etc).

But, one factor we do still consider is that even if we did sell before retirement, buying resorts with longer expirations means we'd still make some kind of profit in selling in 2042, as opposed to just having a contract end.

 

[Cfabar1]

Cfabar1---$88-$3081-25-VB-Dec-0/21, 0/22, 25/23, 25/24- sent 11/23

 

[CarolynFH]

Everyone assumes they were all Chapek's ideas, but that's not necessarily true... and in fact is unlikely to be entirely true, as a CEOs rely on their executive team to come up with the plans to meet initiatives and goals.

DH has read that Chapek is a micromanager. I don't know whether that's true or not, but if it is, his executive team, including Josh, were not necessarily allowed to come up with plans on their own. I also know that long before he ascended to the CEO position, Chapek was known for being the monetizing expert, transforming the free after-hours for resort guests into the paid After Hours events, for instance.

My impression of Josh is that he's a people-person, somewhat like Iger in liking to get out and talk to his staff as well as to guests in the parks.

In any case, much remains to be seen, and all we can do is sit and watch!

 

[Tymeece]

ROFR is happening this week. I received an ROFR waiver dated today. Good luck to those hoping to pass the dragon!

Okay…it has been real quiet

 

[eMoneyBug]

To my fellow DVC owners... is $165 for a small point BCV with 2022 points considered a fair deal? I'm okay with 2042 expiration since I'll be almost 70 (ugh...) but worried that in a year or two these contracts will be so much cheaper.

I would shoot for $130s. And depending how bad you want it go up from there.

 

[Kenito]

To my fellow DVC owners... is $165 for a small point BCV with 2022 points considered a fair deal? I'm okay with 2042 expiration since I'll be almost 70 (ugh...) but worried that in a year or two these contracts will be so much cheaper.

FYI, from the the Fidelity website blog, average BCV paid per point for Oct 22:

100 points and under: $155
100-200 points: $151
200+ points: $124.34

 

[keirabella2012]

FYI, from the the Fidelity website blog, average BCV paid per point for Oct 22:

100 points and under: $155
100-200 points: $151
200+ points: $124.34

Thank you. I saw that but when I offered $138 on a stripped contract the seller would only go down to $155 and then I had to pay the $225 fee. I definitely didn't want to pay that much.

 

[keirabella2012]

This one....

Kenito---$138-$24,357-170-BCV-Jun-170/22, 170/23, 170/24 – sent 11/15

Great price!! And it's my use year!

 

[DisneyKim41]

If I could find a small BCV contract at $138/point, I'd be tempted to jump in regardless of the 2042 date. But I often see them in my UY Year for $170-$180, and I'm just unwilling to spend that much on a resort that is expiring in 2042, much as I love BCV. So far I've been fairly lucky in the 7-month window when I've wanted to stay there.

That said, DH & I thought we'd be lifers for DCV and bought in with intent of having plenty of points post-2042 so that we can spend a month or two in winter in WDW. But with the constant raising prices -- far outstripping inflation -- we have begun to wonder if Disney will price us out long before then. Which is sad -- we bought into DVC partly because Disney WAS pricing us out (and we like the larger accommodations), and the discounts on APs and cheaper accommodations. Now there are no discounts on Incredipasses (where there had been discounts on Platinum passes), and now they've blocked out Thanksgiving (we have a fixed week over Thanksgiving), so now we HAVE to buy Incredipasses if we are going into the parks that week. Don't get me wrong -- I'm not selling any time soon. I just have already been considering that we might not hang on to our DVC as long as I thought, if this is the continued trend in ticket pricing (when you combine it with Genie+, rising food pricing, lower food quality, less resort activities, less entertainment, increased special events, etc).

But, one factor we do still consider is that even if we did sell before retirement, buying resorts with longer expirations means we'd still make some kind of profit in selling in 2042, as opposed to just having a contract end.

We own at Boulder ridge and BLT. Likely we will own BR until expiration. I'm not sure on BLT. We most likely won't buy another 2042 unless there is an amazing deal.

 

[itsrichardash]

We own at Boulder ridge and BLT. Likely we will own BR until expiration. I'm not sure on BLT. We most likely won't buy another 2042 unless there is an amazing deal.

What would you consider to be an amazing deal? Boardwalk is one of my favorite resorts, but I can't bring myself to buy a contract there because of the early expiration date.

 

[Lorana]

What would you consider to be an amazing deal? Boardwalk is one of my favorite resorts, but I can't bring myself to buy a contract there because of the early expiration date.

Under $100. But I'd probably jump on $120, personally, if it were a small point contract (50-70 points is enough for me. At least that's what I tell myself NOW, lol).

 

[itsrichardash]

Under $100. But I'd probably jump on $120, personally, if it were a small point contract (50-70 points is enough for me. At least that's what I tell myself NOW, lol).

Thank you for the reply! I appreciate your input I am looking for a small contract between 50 and 70 points as well. Hopefully I can find one soon before the years start ticking down

 

[Davepg]

First ever offer, wish me luck
Davepg---$129-$24832-175-AKV-Jun-0/21, 108/22, 175/23- sent 11/17

 

[HIRyeDVC]

I'm seeing BCV listings starting to pile up. My guess is owners are bailing with the recent 8.35% increase in the annual dues? It might get tempting if prices start to fall more.

 

[Flash_Sloth]

What would you consider to be an amazing deal? Boardwalk is one of my favorite resorts, but I can't bring myself to buy a contract there because of the early expiration date.

The early expiration date; yes, good that you're doing your homework. The "2042" resorts have their last year of points in 2041, and they all have to be used by Jan 31, 2042. And right now, if a contract on a 2042 resort like Boardwalk comes with 2023 points, that is 19 years of points remaining. If it is stripped of 2023 points, that is 18 years of points remaining.

Roughly, I'd say that it should be valued at about half of a contract at a resort with twice as many years remaining. But then the equation gets more complicated with points charts and maintenance fees, etc. And then you can't really put a price tag on intangible items of "I really love this resort", and/or "I love the location", etc. But it boggles the logic side of my brain with just how much some people are willing to pay for the 2042 resorts vs. other resorts with a lot more years available.

 

[Redheadprincess]

I'm seeing BCV listings starting to pile up. My guess is owners are bailing with the recent 8.35% increase in the annual dues? It might get tempting if prices start to fall more.

The numbers were piling up months ago. There have been over 100 resale contracts for sale for several months. I think there are piling up because they are mostly overpriced. To buy in now at $165pp makes the cost of the contract around $17pp. That is just to high. IMO the resale brokers are mostly misleading BCV owners. These contracts are at the points of losing value.

 

[keirabella2012]

The numbers were piling up months ago. There have been over 100 resale contracts for sale for several months. I think there are piling up because they are mostly overpriced. To buy in now at $165pp makes the cost of the contract around $17pp. That is just to high. IMO the resale brokers are mostly misleading BCV owners. These contracts are at the points of losing value.

Agreed. We decided not to go through with our purchase at $165 for the small contract. It wasn't our use year anyway.

 

[itsrichardash]

The early expiration date; yes, good that you're doing your homework. The "2042" resorts have their last year of points in 2041, and they all have to be used by Jan 31, 2042. And right now, if a contract on a 2042 resort like Boardwalk comes with 2023 points, that is 19 years of points remaining. If it is stripped of 2023 points, that is 18 years of points remaining.

Roughly, I'd say that it should be valued at about half of a contract at a resort with twice as many years remaining. But then the equation gets more complicated with points charts and maintenance fees, etc. And then you can't really put a price tag on intangible items of "I really love this resort", and/or "I love the location", etc. But it boggles the logic side of my brain with just how much some people are willing to pay for the 2042 resorts vs. other resorts with a lot more years available.

Thank you for such a great explanation! I think nostalgia might be factoring into the decision for some to purchase at a resort with a shorter expiration date. I know I'm only considering it for the nostalgia that BWV in particular brings, but then, like you, the logic side of my brain kicks in and says "no."