So Many Resales!

[Tom Kurowski]

All I know is that when I tried (almost 5 months ago) to rent accomodations for the first week of december I found there was nothing available. After waiting I decided to get a room at one of the hotels; Animal Kingdom was the only one available. Shortly after reserving a room, DVC came through. Now with all the trouble of getting reservations I think getting into a panic over all the resales is actually nothing. Someone said that others have their reasons for selling and I agree; selling makes more accomodations available for rent while they're on the market. Just wish I could afford more points at the moment.
Just my 2 cents worth
Tom

 

[greenban]

Thanks Tom.

I think this says VOLUMES about the DIS's ability to speculate based on unknown data....

Well said!

(Of course the wild speculation and spread of DISinformation is kinda fun...

-Tony

 

[doubletrouble_vb]

Personally I think it is just a seasonal thing. I've noticed it since I started paying attention in 2000. In the fall in particular there seem to be more units available. Probably because people have taken their summer breaks and those people who might have been motivated to buy because it was close to their vacations are thinking about holiday shopping instead. If you bought now and you have kids what would you do with it? Maybe come down President's week if you have it off but probably not.

 

[Sammie]

I would speculate that the new enforcement of points transfers may be somewhat responsible for the additional resales on the market (affecting points profiteers). While renting still comprises most of the market and renters for profit are unaffected by this change, the points transfer market was damaged by this new enforcement (which in my opinion is the safest way to trade points for dollars).

On a macro-economic level, I think this country is headed for some rough sledding. Both government and consumers are heavily in debt, the current account deficit (as well as trade deficit) are at all-time highs, monetary inflation is high, and the dollar is extremely weak (and will get weaker). As such, over the next several years I think you will see reductions in these types of expenditures (adding more supply to the market).

Brian

Thanks for cheering us up, By any chance are you in accounting.

 

[T.E. Yeary]

Yes, the housing market is in a bit of a slump. Fortunately our business is closely tied to the tourism or travel industry. If lots of folks are vacationing at Disney, which they are, then our business rocks right along. Thanks, "Disney Gods"!

Tom

 

[calypso*a*go-go]

Well Tom, the great thing you have going for you is that people that are already being affected by a sluggish economy tend to do things to "cheer" themselves up...like buying a vacation timeshare they probably can't afford!

As for the number of resales, I don't think we'll see a significant increase due to AKV. When most people consider the cost involved with selling their old contract (which was probably a lower cost per point) to buy a new one, they will find a way to keep it and either take their chances at the 7-mo. window or just do a small add-on.

If anything, resales may increase due to the fact that some owners have been vacationing at WDW since the inception of DVC 15 years ago and find they aren't as interested in going there anymore. Those are the type that would be more likely to see their contracts and move on to an RV or permanent vacation home somewhere.

 

[jarestel]

Thanks Tom.

I think this says VOLUMES about the DIS's ability to speculate based on unknown data....

Absolutely true, CarolA. Still, this never put a stop to wild speculations in the past and probably won't in the future. Probably because we're all wanna-be swamis at heart!

 

[bdb7607]

Thanks for cheering us up, By any chance are you in accounting.

I'd have to agree with Brian, financially the country as a whole is hurting - yet the stock market is ignoring these key indicators...just setting up for a potential major recession. What does that have to do with DVC? I would expect to see a major increase in resale contracts within 6-9 months...

 

[salmoneous]

Just for kicks, I took a few reasonable guesses and threw a few numbers on a napkin. Anyone have some actual numbers for

1) Total number of DVC points out there
2) Total currently up for sale at TSS
3) TSS's approximate share of resale market.

Now my numbers may not be perfect, but they are close enough to realize that this "huge influx" of resales still represent a tiny share of the total points.

 

[DMDSTPRGIL]

I have always thought that resales were low considering that it is a very good way to come up with a few thounsand if you were to need money real quick. Consider there are over 100,000 contracts and most of the time there are less then 100 of them up for sale between two timeshare sales companys. If you look at the gated comunity of The Villages in Florida which has 25,000 homes there are never any less then 600 of them up for sale at any time. DVC is still a great value and will always be sought after.

 

[marcomouse]

I think its great that the Time Share store is active on this website to answer some of these questions. I have used them in the past and have found them to be great. DVC has to be the most popular timeshare on the market which should mean that sales for Tom will always be there. I wonder what year the breakoff will happen as these contracts get old. What will BWV be worth in 2020 ? I would think that they will decrease in value due to the lack of years left on the contracts.....