Spring Direct Incentives 2/9-4/27

[Cfabar1]

That's how they got me with RIV. Resort view is really a steal vs Preferred

Yes that is the magic trick they like to play isn’t it…

 

[Tatebeck]

On the other side as devil's advocate, it makes Favorite weeks more useful

I could see myself getting a FW at a Trust property that impresses me and has a good Resort view discount vs Preferred and up like RIV does. Even if they raise the price a bunch over the years I would still have a week I could go that can NEVER increase in point price.

 

[Cfabar1]

On the other side as devil's advocate, it makes Favorite weeks more useful

I could see myself getting a FW at a Trust property that impresses me and has a good Resort view discount vs Preferred and up like RIV does. Even if they raise the price a bunch over the years I would still have a week I could go that can NEVER increase in point price

And you’d have access at 7 months to a lot of resorts including ones in Hawaii, Hilton Head, Vero Beach, as well as premier Disney World properties like Polynesian, Grand Floridian, Boardwalk, and Beach Club for a long time with their fixed points charts!


As someone who takes the same trip every year, this might not be too bad actually… depending on the charts…

 

[Tatebeck]

And you’d have access at 7 months to a lot of resorts including ones in Hawaii, Hilton Head, Vero Beach, as well as premier Disney World properties like Polynesian, Grand Floridian, Boardwalk, and Beach Club for a long time with their fixed points charts!

Yep, at least until they expire and Disney considers putting those into the trust too... Then they could un-fix them

 

[ah10is]

Off topic but did they stop giving out that gold water bottle with the towel and certificate and etc. for add ons? I presume they decided it wasn't worth like 10 trees with all that packaging?

Well, I added on and closed earlier this month and just got my gold water bottle & cooling towel in the mail! Also received my Magical Beginnings check earlier this week as well! Just about 20 days from closing on my Riviera FW 49 contract!

 

[maui22]

That's how they got me with RIV. Resort view is really a steal vs Preferred

Loved watching the Epcot fireworks from RIV RV.

During the day, I thought our RIV RV was better than BLT TPV (which is too much of a parking lot view).

 

[VGCgroupie]

So everyone is sure that the trust is horrible and nobody should buy it? Will LSL presumably have the same terms as CFW?

 

[Cfabar1]

They really should change the gift every year - or offer different gifts for each contract you buy - within a certain period to limit people from buying 10 25 point contracts just to get a Goofy pencil…

They don’t have to, but it would make things more fun.

 

[Tatebeck]

So everyone is sure that the trust is horrible and nobody should buy it? Will LSL presumably have the same terms as CFW?

We won't know until they file it.

They could make it it's own RTU in the trust, or add it to the same one as CFW, then the Trust rules we are talking about apply.

Or they could make it it's own deeded resort like all of the older resorts, then we would have to read what is in that declaration to see if it matches the older resort language or the newer trust language, even if it's not in the trust.

 

[VGCgroupie]

They really should change the gift every year - or offer different gifts for each contract you buy - within a certain period to limit people from buying 10 25 point contracts just to get a Goofy pencil…

They don’t have to, but it would make things more fun.

We are suckers for free stuff. I agree they should change it up or have different options.

 

[cruisehopeful]

So everyone is sure that the trust is horrible and nobody should buy it? Will LSL presumably have the same terms as CFW?

I don't think it's horrible. I just think it's different and most people are creatures of habit. Perhaps DVC is attempting to move more towards a traditional vacation club where a home resort truly doesn't matter. One thing we know for sure is that Disney is a money maker. They'll do whatever makes the most money and not what most people prefer.

 

[ClaraOswald]

Well, I added on and closed earlier this month and just got my gold water bottle & cooling towel in the mail! Also received my Magical Beginnings check earlier this week as well! Just about 20 days from closing on my Riviera FW 49 contract!

How long did things take from the day you added on until it closed? My contract is at VDH so probably a different timeline, but I'm curious anyway.

 

[VGCgroupie]

How long did things take from the day you added on until it closed? My contract is at VDH so probably a different timeline, but I'm curious anyway.

VDH doesnt follow a different timeline than WDW for these things.

 

[Brian Noble]

hey seem to never truly “refurbish” these things, just repaint

This isn't always true---see: the Paddock pool at SSR---but if they were doing anything more than repair and refresh, they'd've announced it in advance.

the old unit-points system in the original properties is what is preventing them from implementing the trust system-wide

I'm not sure this is true---or, it might be true because of something specific in the DVC governing documents, but it is not inherent to "percentage of a unit owned." Wyndham's trust product does have inventory from Undivided Interest resorts, which are structured the same way.

 

[ah10is]

How long did things take from the day you added on until it closed? My contract is at VDH so probably a different timeline, but I'm curious anyway.

It was 7 days. Nothing complicated on my end. It's just me on the deed, paid my 20 % down (not spread out over time) as I did finance. I took the 1st available virtual notary appointment I could get and then it was closed the next day. I know financing isn't recommended, but for me it works well and it will be paid off in less than 4 months with the sale of my two resale contracts that's helping me pay for my RIV FW 49.

 

[Cfabar1]

I'm not sure this is true---or, it might be true because of something specific in the DVC governing documents, but it is not inherent to "percentage of a unit owned." Wyndham's trust product does have inventory from Undivided Interest resorts, which are structured the same way.

My understanding is that there is some language in the governing documents for DVC that would, in practice, not allow the inventory to be separated out to another association/use agreement unless Disney owned 100% of the inventory. I believe recently @Sandisw actually added more information that, at least in her view, even if a unit was owned 100%, it would not allow Disney to remove that inventory from the previous association, and pull it over to a new trust product.

I wonder how Wyndham was able to do it - perhaps their documents don’t have similar language to DVC or, perhaps the Wyndham community didn’t fight it, which made it possible.

As I understand it, Marriott and Hyatt have been successful in “moving” inventory from deeded owners through voluntary encouragement, ROFR, foreclosure, etc. to convert the owner’s deeded interest to access to the Trust Points (MVC Points, Hyatt Portfolio Points, etc.). I presume that is because the language for the deeded owners states what they are legally guaranteed is their unit in their week, and they may be able to exchange or something to that effect. I’m not an owner in either program though, so I have not read the documents.

 

[Tatebeck]

https://www.disboards.com/threads/attack-of-the-lakeshore-lodge.3951166/post-66545412

Here is where we talked about it. Rooms can only be declared in one place. All the older resorts bunched rooms together and declared them into the associations as units. And they gave themselves no way in which to undeclare them. Once they are declared they are stuck until each association completely expires.

So once DVC declares units or rooms in the older resorts, even if they own 100% of that unit/room (like if they haven't sold any points from that unit yet or whether they reacquired 100% of a unit from ROFR over time) they are unable to remove that room from an old association and it has to remain available for the owners in that association to book.

So it's not an ownership limitation, it is a declaration limitation. It doesn't matter who owns the points, just whether the rooms/units have already been declared somewhere or not

I suppose they could use the points they own at a resort to book a room and offer that room as a swap option to trust owners or something, but that is a workaround and is not the same as declaring rooms from the sold out resorts into the Trust before they expire

 

[ClaraOswald]

It was 7 days. Nothing complicated on my end. It's just me on the deed, paid my 20 % down (not spread out over time) as I did finance. I took the 1st available virtual notary appointment I could get and then it was closed the next day. I know financing isn't recommended, but for me it works well and it will be paid off in less than 4 months with the sale of my two resale contracts that's helping me pay for my RIV FW 49.

Wow. That's fast! Ours doesn't give a closing date until March.

 

[ClaraOswald]

VDH doesnt follow a different timeline than WDW for these things.

Really? I wonder why theirs closed so quickly then. We redid our contract with the new incentives on the 11th. It says our closing won't be until mid-March. At least the last I looked. I wonder why ours will take so much longer. We also didn't need a notary for anything.

 

[VGCgroupie]

Wow. That's fast! Ours doesn't give a closing date until March.

You can close asap if you want to.