So many stripped resales…

[Takeitforgranite]

I’m in the market for a resale, and I built a spreadsheet to help try to capture the total value of a resale, especially when comparing loaded contracts and stripped. What I did was calculate the 3 year total cost per point (2025-2027) and the 12 year total cost per point. I am including dues, since that is large variable at closing. So far, I have only looked at Poly contracts.

• I chose 3 year to look at the short term value of available points because of the wide range of available points and dues required at closing.
• I chose to also look at 12 year because that is what I calculated to be the break even point, when compared to renting privately. I also wanted to see whether or not loaded vs stripped really mattered long-term.

Loaded contracts are coming out to be the best value over the short and "long" term, even if a significant amount of dues are paid through 2026 on the stripped contracts.

If anyone is doing a different calculation, I would like to hear your thoughts. I was mainly just trying to prioritize ranking them against each other, and this is the best way I came up with. UY can make it a little tricky, especially when comparing FEB and DEC UY contracts, for example.

I would be happy to share my file if anyone wants it.

 

[Chili327]

Has anyone else noticed that so many of the resale contracts appearing lately are either partially or completely stripped? And they’re not really priced well enough to reflect that lack of points. Anyone else assuming those are the first bunches of spec rental owners looking to unload some or all of their contracts?

Yes, I do think it is some “commercial” sellers getting out from under the microscope. I hope it keeps up, so the amount of contracts available doesn’t drop.

I would be happy to share my file if anyone wants it.

Yes, please! PM a link or email?

 

[AnnaKristoff2013]

Has anyone else noticed that so many of the resale contracts appearing lately are either partially or completely stripped? And they’re not really priced well enough to reflect that lack of points. Anyone else assuming those are the first bunches of spec rental owners looking to unload some or all of their contracts?

Yeah, I would be anything that a fair number of these are DVC Resale Market unloading contracts that it owns based on the new commercial renting restrictions.

 

[bookbabe626]

The running gag on DVC Show is that everyone borrows their points. It should be no surprise that this includes sellers too.

I guess I must be the only person who never borrows. All borrowing would do is defer my points shortage to next year, and then I’d have to borrow from the year after to accomplish next year’s bookings, and so on. We do cash stays when I run out of the year’s points, or I’ll cancel a points stay in favor of a good cash AP discount so I have extra points for higher cost stays. I sometimes bank, but I never borrow, and I don’t see that changing.

Thus the reason why I’m looking for a small-ish contract to top up one of my resorts where I always run out of points and the cash discounts are usually crappy. I’ve seen a few that match my needs other than the fact they’re stripped, and for a 2042 I have no interest if it’s not at least full points.