Talk me down from buying direct (or don’t)

[KAT4DISNEY]

I just read that this is happening. https://www.facebook.com/1444458512465880/posts/2284956991749357/

You know what that actually does for me? Would give me serious doubts about purchase Riviera and any new resort. That's all.

So they're going ahead with a DVCII of some sort. Yeah, my initial reaction is I wouldn't want to own that.

 

[KAT4DISNEY]

Actually, another thought until I reconcile how they are going to account for this....but DVC may suddenly be adding even more booking pressure to existing resorts. If Riviera can trade in but not all older resort owners can trade to it there's going to be a period of unbalance and a need to book early and not get into the 7 month window or whatever it's going to be.

That thought doesn't make me very happy either. And so.....Disney completely becomes the normal timeshare with the perk of location. I'd rather own at an older resort though than the new system.

 

[Madame]

Actually, another thought until I reconcile how they are going to account for this....but DVC may suddenly be adding even more booking pressure to existing resorts. If Riviera can trade in but not all older resort owners can trade to it there's going to be a period of unbalance and a need to book early and not get into the 7 month window or whatever it's going to be.

That thought doesn't make me very happy either. And so.....Disney completely becomes the normal timeshare with the perk of location. I'd rather own at an older resort though than the new system.

Can Riviera trade in? I suggested this on another thread & was shot down. The article states that Riviera members will only be able to stay at Riviera, but suggests that pre 2019 owners can trade into Riviera. Something’s off there. Could be my muddled post-flu brain though.

 

[ParkHoppers]

A few guides have been singing that same old song for years and years and gotten some sales off of it.

It's hard to find how resale would be excluded from booking new resorts unless those resorts are not going to have access to exchange to any of the older resorts. ie - booking is not a benefit which is what they've been able to restrict - it's integral to the ownership interest so they can't just decide to restrict it without restricting exchanges in as well. Would they start creating a second system? That would be about it and it's pretty unlikely.

With the 75 point minimum it takes a longer time to pay back the difference of purchasing direct than when you could get benefits for 25 points. That's a lot of discounted AP's and t-shirts.

Looks like they followed through with all that singing

 

[KAT4DISNEY]

Can Riviera trade in? I suggested this on another thread & was shot down. The article states that Riviera members will only be able to stay at Riviera, but suggests that pre 2019 owners can trade into Riviera. Something’s off there. Could be my muddled post-flu brain though.

It says Direct purchasers of Riviera will be able to trade in. Riviera Resale will be restricted. But, for quite some time, there's going to be a whole lot more restricted original resale buyers than the resale buyers from a brand new single resort. Maybe Riviera will be so awesome that direct buyers there won't want to trade.

 

[Lesley Wake]

Can Riviera trade in? I suggested this on another thread & was shot down. The article states that Riviera members will only be able to stay at Riviera, but suggests that pre 2019 owners can trade into Riviera. Something’s off there. Could be my muddled post-flu brain though.

From the way I read it, if you get a resale contract into Disney by Jan 19, nothing changes. You can still book at any of the existing or new resorts.

After Jan 19:
If you buy direct from Disney, then also, nothing significant changes for your own stays. You can still book for any existing or new resorts. It just changes the value of any contract you would possibly resell.

If you buy resale, then it does have changes. Buy at one of the existing resorts, then you can book at any of the existing 14 resorts (assuming availability). Buy at one of the new resorts and you can ONLY book at that resort.

 

[ParkHoppers]

Is the minimum points I can buy direct 75. Say I already have resale at BLT pre 2016 and I want to get on a waitlist to buy more direct BLT points. Does that number have to be 75 or greater

 

[KAT4DISNEY]

Is the minimum points I can buy direct 75. Say I already have resale at BLT pre 2016 and I want to get on a waitlist to buy more direct BLT points. Does that number have to be 75 or greater

I think current owners are still able to buy 25 BLT points and most resorts. CCV has a higher minimum even for current owners.

 

[ParkHoppers]

I think current owners are still able to buy 25 BLT points and most resorts. CCV has a higher minimum even for current owners.

And would those 25 points be able to be used at the newer resorts like Riviera and Reflections? I am thinking yes but a bit confused by 75 direct min. Rules

 

[Matty B13]

I also wonder how they are going to legally word the new contracts for Riviera, since they will be in the club, but when resold they won't?????? I can't wait to see how DVC management gets around the original contract that have already been sold.

I wouldn't buy at Riviera just for this reason alone.

 

[ParkHoppers]

I feel bad for those who buy Riviera and are unaware that if they ever sell that contract they will lose their shirts in the process. Like maybe half what they paid loses. Maybe more.

 

[KAT4DISNEY]

And would those 25 points be able to be used at the newer resorts like Riviera and Reflections? I am thinking yes but a bit confused by 75 direct min. Rules

I'd think they should be as long as bought before that Jan 19th date. I didn't see anything addressing minimums for trade amounts in the blurb but when DVC makes their official announcement we should know if there's going to be a minimum requirement for the trade aspect to the new DVCII going forward.

 

[crvetter]

I suspect Disney is doing this to drive down their resale value but direct prices will stay high (relative to resale) thus they will exercise ROFR more often than not. Therefore Disney will have higher margins. Plus direct from Disney will remain high because like other noted, new buyers won’t be aware of the restrictions likely and the legacy resorts will be super high direct (especially the MK resorts with 40+ years left). It will actually allow them to keep direct prices lower on Riviera because they will double, triple, + dip. So that could be another factor. But they would have to let no real contracts go to resale because the trading in at 7 months would not work at the new resorts then. Be 0 availability for the legacy to get into Riviera.

I think this is also may be a way Disney intends to work on some of the issues with so many rooms going out in 2042 somehow without having to extend any contracts. However, I don’t think it’s the full intention.

 

[ParkHoppers]

I'd think they should be as long as bought before that Jan 19th date. I didn't see anything addressing minimums for trade amounts in the blurb but when DVC makes their official announcement we should know if there's going to be a minimum requirement for the trade aspect to the new DVCII going forward.

I wouldn’t be buying before Jan 19th but that shouldn’t matter as the points I would be buying would be direct. Just wondering if I would need to buy 75 direct BLT or could that number be less because I already own BLT grandfathered resale

 

[KAT4DISNEY]

I suspect Disney is doing this to drive down their resale value but direct prices will stay high (relative to resale) thus they will exercise ROFR more often than not. Therefore Disney will have higher margins. Plus direct from Disney will remain high because like other noted, new buyers won’t be aware of the restrictions likely and the legacy resorts will be super high direct (especially the MK resorts with 40+ years left). It will actually allow them to keep direct prices lower on Riviera because they will double, triple, + dip. So that could be another factor. But they would have to let no real contracts go to resale because the trading in at 7 months would not work at the new resorts then. Be 0 availability for the legacy to get into Riviera.

I think this is also may be a way Disney intends to work on some of the issues with so many rooms going out in 2042 somehow without having to extend any contracts. However, I don’t think it’s the full intention.

But the inherent value of DVC is the room onsite next to incredibly popular vacation destinations. There has to be price value compared to onsite Disney hotels but it has that. They have failed in driving the prices down in good part IMO because they just can't get ride of that value. If they push resale down then there are enough buyers IMO who are looking for that value and will buy the resale. Then it pushes prices up and then DVC can't make enough on the ROFR.

 

[KAT4DISNEY]

I wouldn’t be buying before Jan 19th but that shouldn’t matter as the points I would be buying would be direct. Just wondering if I would need to buy 75 direct BLT or could that number be less because I already own BLT grandfathered resale

Currently no direct points have restrictions on trades. And since you'd have grandfathered points for trades you'd probably meet any minimum requirements if they should establish them.

 

[ParkHoppers]

Currently no direct points have restrictions on trades. And since you'd have grandfathered points for trades you'd probably meet any minimum requirements if they should establish them.

Thanks. Now I just have to find out if I have to buy the full 75 points to add on to my BLT contract. And then I have to talk myself into actually paying the direct rates which are what $190 a point. Ouch. At that point I might just look into the new Reflections resort. That resort appeals to me.

 

[KAT4DISNEY]

Thanks. Now I just have to find out if I have to buy the full 75 points to add on to my BLT contract. And then I have to talk myself into actually paying the direct rates which are what $190 a point. Ouch. At that point I might just look into the new Reflections resort. That resort appeals to me.

For BLT there's also an issue of them having points to sell. I've supposedly been on the waitlist for October UY for over a year now! Things have changed since that time and I haven't been too worried if there was a mixup and my name isn't on the list but if it is then that's been a long wait.

 

[ParkHoppers]

For BLT there's also an issue of them having points to sell. I've supposedly been on the waitlist for October UY for over a year now! Things have changed since that time and I haven't been too worried if there was a mixup and my name isn't on the list but if it is then that's been a long wait.

That is a long wait. Might be holding off people hoping they lose patience and just buy at new resort where points are still available. And if I buy Reflections at some point I better be positive I,m keeping those forever or I will lose big in resale.

 

[MamaBear12]

Actually, another thought until I reconcile how they are going to account for this....but DVC may suddenly be adding even more booking pressure to existing resorts. If Riviera can trade in but not all older resort owners can trade to it there's going to be a period of unbalance and a need to book early and not get into the 7 month window or whatever it's going to be.

That thought doesn't make me very happy either. And so.....Disney completely becomes the normal timeshare with the perk of location. I'd rather own at an older resort though than the new system.

Hadn’t thought about that! So the need to book at home resort before 7 months will likely to be more important and the ability to book elsewhere at 7 months will be even harder :-(