The VGF 2 pricing thread

[Frugal Fairy Tales]

At these prices, does VGF work for SAP?

 

[rubybutt]

At these prices, does VGF work for SAP?

I think it probably does, if you buy 300. Personally I would like to see SAP under $3.5 per year left on contract, but those are early 2021 prices.... lol. Also the MF are the cheapest out there, or really close to the cheapest.

 

[tidefan]

At these prices, does VGF work for SAP?

It still astonishes me how people are thinking this is good pricing! Again, below is what I paid pp for our contracts:

SSR - $94
BLT - $110
GFV - $145
PVB - $160 (a bit less with incentives)

 

[rubybutt]

It still astonishes me how people are thinking this is good pricing! Again, below is what I paid pp for our contracts:

SSR - $94
BLT - $110
GFV - $145
PVB - $160 (a bit less with incentives)

I used to buy gas for less than a dollar a gallon.

 

[tidefan]

I used to buy gas for less than a dollar a gallon.

Gas hasn't been a dollar per gallon in probably 30 years. I bought all those listed (except for SSR, which was in 2007) within the last 10 years...

GFV has gone up $62 pp in just 8 years.

 

[stwaldman]

Gas hasn't been a dollar per gallon in probably 30 years. I bought all those listed (except for SSR, which was in 2007) within the last 10 years...

GFV has gone up $62 pp in just 8 years.

yes, and SSR resale went up $50pp since 2015, the same timeframe, based on readily available info from the board sponsor ( i guess you can dispute their data, i'm not auditing it). Everything is relative, and nobody can go back and buy 1500 points at OKW in 1994.

editing to add links...

https://www.dvcresalemarket.com/blog/analysis-of-dvc-resale-price-changes-2014-2016/

https://www.dvcresalemarket.com/blog/dvc-resale-average-sales-prices-for-february-2022/

 

[tidefan]

yes, and SSR resale went up $50pp since 2015, the same timeframe, based on readily available info from the board sponsor ( i guess you can dispute their data, i'm not auditing it). Everything is relative, and nobody can go back and buy 1500 points at OKW in 1994.

editing to add links...

https://www.dvcresalemarket.com/blog/analysis-of-dvc-resale-price-changes-2014-2016/

https://www.dvcresalemarket.com/blog/dvc-resale-average-sales-prices-for-february-2022/

The point I am trying to make (and apparently not very well) is that the DVC price increases are well outpacing inflation, even at today's high rates. Granted, Disney cash rooms are the same way...

 

[krysib]

Yes, you must pay 10% plus closing costs down. Then the balance in 30 days, unless you ask them to spread it out for you. They have to get approval, but mine will be split to 90 days with final payment due 6/1

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

 

[Frugal Fairy Tales]

It still astonishes me how people are thinking this is good pricing! Again, below is what I paid pp for our contracts:

SSR - $94
BLT - $110
GFV - $145
PVB - $160 (a bit less with incentives)

Unfortunately, that ship has sailed.

 

[SleeplessInTO]

At these prices, does VGF work for SAP?

Thats what I'm using them for. Plus, worst case scenario I have to stay at the Grand Floridian. Such hardship!

 

[stwaldman]

The point I am trying to make (and apparently not very well) is that the DVC price increases are well outpacing inflation, even at today's high rates. Granted, Disney cash rooms are the same way...

yeah, i mean, your last point is kinda that one that drives it though. No, disney isn't reflective of the CPI, but DVC prices rise and fall with each other and within the context of the cost of staying at a disney resort to do an on property disney vacation. I4 is always going to be full of options for people who need the economic realities outside of disney to be reflected properly.

 

[lowlight]

It still astonishes me how people are thinking this is good pricing! Again, below is what I paid pp for our contracts:

SSR - $94
BLT - $110
GFV - $145
PVB - $160 (a bit less with incentives)

Not gonna lie that BLT price makes me jealous.

 

[Dyefrog]

yes, and SSR resale went up $50pp since 2015, the same timeframe, based on readily available info from the board sponsor ( i guess you can dispute their data, i'm not auditing it). Everything is relative, and nobody can go back and buy 1500 points at OKW in 1994.

editing to add links...

https://www.dvcresalemarket.com/blog/analysis-of-dvc-resale-price-changes-2014-2016/

https://www.dvcresalemarket.com/blog/dvc-resale-average-sales-prices-for-february-2022/

That's interesting comparing the chart with what we are seeing currently. 3/2016 shows the average ppp at $153. Members can get direct at $179, 6 years later, effectively a 10% price increase which is far less than inflation.
I'm surprised that the resales for VGF haven't really dropped accordingly. I would have thought that they would take at least a $20 drop just considering base price alone, ignoring the incentives. Why would anyone buy a 130 point half-stripped contract for $195 on the resale market? Even if you're not a member, in a few weeks, it's quite possible you can still get direct for less.

 

[tidefan]

Not gonna lie that BLT price makes me jealous.

Our biggest regret is not buying more BLT points when we first had the chance. In fact, DW had to talk me up to 100. I wish we would have bought 300 back then!

 

[tidefan]

That's interesting comparing the chart with what we are seeing currently. 3/2016 shows the average ppp at $153. Members can get direct at $179, 6 years later, effectively a 10% price increase which is far less than inflation.
I'm surprised that the resales for VGF haven't really dropped accordingly. I would have thought that they would take at least a $20 drop just considering base price alone, ignoring the incentives. Why would anyone buy a 130 point half-stripped contract for $195 on the resale market? Even if you're not a member, in a few weeks, it's quite possible you can still get direct for less.

But you can only get $179 at a large number of points. Anything under 125 is still $207...

 

[Frugal Fairy Tales]

Okay, next question, does RIV work for SAP???

 

[rubybutt]

Okay, next question, does RIV work for SAP???

Not really. To high of MF.

 

[DisneyMom_3]

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

Yes! I did this same thing. My final payment is due in 90 days and it will go on my credit card that has no interest for 12 months. (Disney Visa offers 6 months, but my card through my bank earns higher rewards and has 12 months no interest.)

 

[Redheadprincess]

That's interesting comparing the chart with what we are seeing currently. 3/2016 shows the average ppp at $153. Members can get direct at $179, 6 years later, effectively a 10% price increase which is far less than inflation.
I'm surprised that the resales for VGF haven't really dropped accordingly. I would have thought that they would take at least a $20 drop just considering base price alone, ignoring the incentives. Why would anyone buy a 130 point half-stripped contract for $195 on the resale market? Even if you're not a member, in a few weeks, it's quite possible you can still get direct for less.

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.

 

[sndral]

It still astonishes me how people are thinking this is good pricing! Again, below is what I paid pp for our contracts:

SSR - $94
BLT - $110
GFV - $145
PVB - $160 (a bit less with incentives)

…I bought all those listed (except for SSR, which was in 2007) within the last 10 years...
…

Not gonna lie that BLT price makes me jealous.

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.