It makes me wonder why theyre not snatching up these SSR contracts when they sell in the $80s
Because close to nobody will buy them direct?
But they bought some up at over $100 is why I was wondering that, so im guessing then that what you said about the specific unit would be the reason, I didnt know they had to buy specific ones!
From what I understand from my deed at SSR, you buy a share in a unit which then converts into points.
That, I don't know...
Because this is almost certainly less profitable than selling stick-built resorts---and by a fair margin.
Thank you @Brian Noble....it's also possible that they get sufficient inventory through foreclosure. It's a large resort, after all, with almost twice as many points as any other WDW location.
Because this is almost certainly less profitable than selling stick-built resorts---and by a fair margin.
I realized this recently as well - when DVD exercises ROFR, they can change the UY, but they can't change the unit to which the points are assigned. And, it's worth noting that with the new trust model, this particular limitation goes away because you purchase an interest in the trust that is not allocated to a specific unit. For resorts that go into the trust, it may be much easier for them to exercise ROFR and, combined with the resale restrictions keeping resale prices lower, this could be a longer-term strategy for them to buy up resale points and re-sell them direct, much moreso than they do now because it will be much more profitable than it is with the original resorts.
You can go into the comptroller website, look for deeds with Disney as the Grantee, that will be a mix of foreclosures and buybacks.
