The VGF 2 pricing thread

[DKZB]

I think I saw someone said that they were actually putting in offers for most of the Grand Floridian resale contracts and the ones that were left the owners would not go below the 180s. Even if the value fell, and we know it is worth much less, some owners may not be willing to sell at a lower value. I would not be surprised if people pull the contracts of the market and just rent points.

I spoke with a broker yesterday about this. Apparently they had a contract SELL at over $180/pp in the last few days. No idea how big it was but it seems that since this is existing members only, it hasn't impacted resale as much just yet, especially on smaller contracts.

Ultimately, we will have to see if there is a significant reduction in incentives for new members post the initial 30 days to get a real sense of resale. Personally, I am not selling my VGF resale contract since I use that for all of my bookings .

 

[tidefan]

Especially since (per the DVC direct price charts on Dis - https://www.disboards.com/threads/so-youve-decided-to-buy-dvc.3567366/#post-56896794) BLT opened in 2008 at $112 & by Jan. 2012 the BLT direct price was $155. I don’t know whether incentives are reflected in the historical DVC price chart.
VGF1 opened at $145 in 2013 - roughly 9 years ago & it never got any cheaper -
the $199 per point that I paid for the 125 point contract I just bought averages to a 3.6% price increase per year over 9 years. Which is higher than the very low inflation we’ve experienced over the last 9 years, but lower than the Disney inflation of the last several years IMO.
I used this calculator to determine what the current price would be if only inflation was added over the last 9 years https://www.usinflationcalculator.com/ and the result was $175.
Of course the 2013 price was for a 50 year contract and the 2022 price is for a 42 year contract - so the 2022 product has less value than the 2013 version. Also, assuming demand impacts price, VGF was very small & you really needed home resort booking to reliably stay there - doubling the size will increase the supply of studios at least & thus could lower demand going forward, so perhaps less valuable in that sense as well.
While playing with the numbers is interesting, my VGF2 points purchase like my VGF1 purchase was an emotional rather than financial decision, if numbers were driving my DVC decisions I would have bought SSR several years ago w/ it’s cheap price & at the time cheapest MFs.

I wasn't sure that was correct, because we bought later at $110/pt, but then I found this:

"Although Bay Lake Tower was the first DVC resort to break the $100 per point mark, several promotions were offered that could reduce the cost of Bay Lake Tower points to the low $90s. At various times over the coming months, Disney offered cash discounts, referral incentives, developer points, and even free Disney Cruise Line cruises to attract buyers"

I forgot they gave away the free cruises!!!

 

[zebsterama]

Well, we bought in today -- the points are in the account.
We're official Blue Card members.

Now we've got way too many (VGF) points than we know what to do with.
I'm sure that will change. DW is pushing for a trip to Aulani in early Jan --- and so .... it begins.
There are definitely worse things in life.

Anyhoo -- thank you very much to the many persons (and moderators) on the boards who answered all of our questions via this thread.

We very much appreciate it!
Cheers

 

[sndral]

I wasn't sure that was correct, because we bought later at $110/pt, but then I found this:

"Although Bay Lake Tower was the first DVC resort to break the $100 per point mark, several promotions were offered that could reduce the cost of Bay Lake Tower points to the low $90s. At various times over the coming months, Disney offered cash discounts, referral incentives, developer points, and even free Disney Cruise Line cruises to attract buyers"

I forgot they gave away the free cruises!!!

Likely because you didn’t take one of those free cruises Along those lines everything I’ve read says VGF opened at $145, but I thought I remembered $135 for existing members w/ incentives & kicking myself for not buying then - but maybe I’ve misremembered.

 

[tidefan]

Likely because you didn’t take one of those free cruises Along those lines everything I’ve read says VGF opened at $145, but I thought I remembered $135 for existing members w/ incentives & kicking myself for not buying then - but maybe I’ve misremembered.

Could have been for higher point values. We only bought 100, so it was the going rate for existing members ($145).

 

[Marionnette]

Could have been for higher point values. We only bought 100, so it was the going rate for existing members ($145).

According to DVC News:

05/20/2013 - DVC makes an announcement on Facebook that Grand Floridian sales will commence on May 23, 2013. Existing DVC members can begin buying points immediately. Price is $145/point and no incentives are offered. Non-members can start buying Grand Floridian on June 19, 2013. Price will increase from $145 to $150 on June 19, 2013 for all buyers. Point charts also released on this date.​

​

So no break for members when VGF1 went on sale.

 

[stlrod]

That's really interesting. According to an inflation calculator I found online $145 in 2013 would be equal to $176.07 in 2022.

 

[Sandisw]

thank you!
And for your payments-that is cc too?

Yes. They will bill my CC. I am splitting between 2 Disney visas.

 

[princesscinderella]

Likely because you didn’t take one of those free cruises Along those lines everything I’ve read says VGF opened at $145, but I thought I remembered $135 for existing members w/ incentives & kicking myself for not buying then - but maybe I’ve misremembered.

I bought VGF on day one and it was $145 with no incentives, not even a free backpack. I have a Feb UY and didn’t get points until the following UY because it was presale before the resort was open.

 

[tidefan]

I bought VGF on day one and it was $145 with no incentives, not even a free backpack. I have a Feb UY and didn’t get points until the following UY because it was presale before the resort was open.

Same. Fortunately, we had a December UY, so we were able to book for NYE that first year. Of course, they put us in 1221. I learned very early on to request ANY room other than 1221...

 

[DisneyMom_3]

Same. Fortunately, we had a December UY, so we were able to book for NYE that first year. Of course, they put us in 1221. I learned very early on to request ANY room other than 1221...

What’s wrong with 1221?!

 

[ninafeliz]

What’s wrong with 1221?!

I want to know also lol!

 

[tidefan]

What’s wrong with 1221?!

It is the infamous "Porte Cochere View" room. This is the balcony view:

 

[ninafeliz]

It is the infamous "Porte Cochere View" room. This is the balcony view:
View attachment 652976

Oh my, that isn’t the best lol. What type of room is that again?

 

[tidefan]

Oh my, that isn’t the best lol. What type of room is that again?

Deluxe Studio, standard view. We have learned to request "High Floor"...

 

[RebelScum]

Ha ha ha..... you would have to sue the title company to get them to make it right. That is what the insurance is for, to pay for another lawyer to sue the other lawyer who screwed up and get your money back on the property that you really don't own because the first lawyer did a crappy job.

I can think of better things to save money on. . . Glad I opted for title insurance.

 

[DisneyMom_3]

It is the infamous "Porte Cochere View" room. This is the balcony view:
View attachment 652976

I looked on touringplans and there wasn’t a photo for that room, but you could see the top from the room above it, so I thought that might be the issue, but that is worse than I suspected. You really can’t see anything else!

 

[stwaldman]

related topic (but DVC general, not just VGF), how early is appropriate for room requests to member services? we loved our room from last trip and would request a similar room if possible for our next visit (same category and time of year).

 

[CarolynFH]

related topic (but DVC general, not just VGF), how early is appropriate for room requests to member services? we loved our room from last trip and would request a similar room if possible for our next visit (same category and time of year).

I submit my requests as soon as I know what they are, which is usually shortly after our reservation is made. I don't know whether it makes a difference, but at least I know it's done.

 

[thank_the_phoenicians88]

I'm sure I missed this in my search so I apologize for asking this again. I have a December UY. If I bought into the Floridian, would I have the 22UY points available now to book for next year? Or do I need to wait until the new rooms open in the summer to actually use those points?