The Worst DVC Contract Ever

[mistysue]

I know I will get flamed but any contract at RIV. The resales restrictions are tough to swallow. I know resale cannot stay at RIV either so a bit of a redemption if you have small contracts here.
We bought a little more than 20 years ago direct.... Still have another 30 left we will be in our 80s. Things can change a lot for any number of reasons. While leaving it to my kids is great in theory.... from the financial burden to ? can change that idea.

With that
The worst contract of all is one that is not used.

I've had this thought for a long time until we realized how much we loved staying there, so we bought it resale and got the discount ourselves. At no point is it going to feel like we're being punished being at the Riv.

 

[T00dles]

I saw somebody post on Facebook about their 1000 point undivided VDH contract, which seemed potentially a very risky buy if resale ever becomes necessary.

I also saw on dvcrofr.com (on the deeds section) that somebody recently bought 160 points BLT resale for $256 per point, which seemed very high and I still wonder why they would do that.

I wonder if the $256 pp BLT was a private (friend) sale and they were making sure to avoid it being taken in ROFR?

 

[ehh]

Since Hilton Head and Vero Beach DVC properties soured Disney on building timeshares off-property for decades, some of those owners may feel they have some of the worse DVC contracts.

Any VGF contract sold before they announced the BPK expansion.

I know I will get flamed but any contract at RIV. The resales restrictions are tough to swallow. I know resale cannot stay at RIV either so a bit of a redemption if you have small contracts here.
We bought a little more than 20 years ago direct.... Still have another 30 left we will be in our 80s. Things can change a lot for any number of reasons. While leaving it to my kids is great in theory.... from the financial burden to ? can change that idea.

With that
The worst contract of all is one that is not used.

Anyone buying SSR direct in last few years.
Can’t wrap my head around that.

I'll go one further, the cabins and their $12 dues are restricted and that makes it even worse. Those are $49 resale contracts going for $225 direct.

I don't know why I didn't expect it, but I did not expect people to throw entire resorts (+time periods) under the bus

I'd prefer to keep things to specific contracts, to keep the temperature of the chat down.

That was the Week 52 Grand Villa contract. It was insane.

Looking at dvcforless.com and their tracker, I'm guessing the 1224pt AUL contracts there? The links back to original listings are dead, but those are definitely big contracts!

Actually seems like a decent deal, if it is the right contract, at $82/pt and fewer points than the 1288pts it would take to book normally.

 

[AstroBlasters]

I'll go one further, the cabins and their $12 dues are restricted and that makes it even worse. Those are $49 resale contracts going for $225 direct.

Depends on Reflections…

 

[Hubalorian]

I'll go one further, the cabins and their $12 dues are restricted and that makes it even worse. Those are $49 resale contracts going for $225 direct.

My vote would go to buying into the CFW as being the worse over RIV.

 

[_auroraborealis_]

I don't know why I didn't expect it, but I did not expect people to throw entire resorts (+time periods) under the bus

I'd prefer to keep things to specific contracts, to keep the temperature of the chat down.


Looking at dvcforless.com and their tracker, I'm guessing the 1224pt AUL contracts there? The links back to original listings are dead, but those are definitely big contracts!

Actually seems like a decent deal, if it is the right contract, at $82/pt and fewer points than the 1288pts it would take to book normally.

They dropped the price several times. Given the contract size, they started at a higher price.

There was a thread on it on here somewhere.

Edit: found it. About $163K asking price for 1417 points. It was a Guaranteed Week 52 New Years Day's Ocean View Grand Villa.

So they started well over $100pp on that bad boy which is insane in resale.

 

[VGCgroupie]

Depends on Reflections…

Even with reflections $12 for dues is crazy. (I should be quiet so I jinx myself and my VDH contact)

 

[AstroBlasters]

Even with reflections $12 for dues is crazy. (I should be quiet so I jinx myself and my VDH contact)

The blended dues could end up being a lot lower if the total number of points added from reflections significantly outweighs the number of cabin points.

 

[VGCgroupie]

The blended dues could end up being a lot lower if the total number of points gets coming from reflections significantly outweighs the number of cabin points.

Ohhhh yeah I forgot about the whole trust thing. That’s a whole new level of DVC I haven’t started to try to figure out… yet.

 

[Hubalorian]

Depends on Reflections…

That is similar to saying, depends on them dropping the restrictions for Riv.

 

[teamsamant]

Depends on Reflections…

Waiting to buy reflections then is a better deal

 

[AstroBlasters]

That is similar to saying, depends on them dropping the restrictions for Riv.

Not really, because reflections being added to the trust could theoretically still lower the dues of someone who purchased CFW today.

 

[DisTravels]

With that
The worst contract of all is one that is not used.

^^^

 

[juliebee]

There is a Riviera contract on dvcresalemarket.com that is 1102 pts, $190/pt for $209,380 right now. I can't imagine such a huge contract that has the restriction of not being able to use the points anywhere else. There is something messed up about that listing though as it has an odd number of points available for the next several years.

 

[ehh]

There is a Riviera contract on dvcresalemarket.com that is 1102 pts, $190/pt for $209,380 right now. I can't imagine such a huge contract that has the restriction of not being able to use the points anywhere else. There is something messed up about that listing though as it has an odd number of points available for the next several years.

I believe that is a test listing.

 

[juliebee]

I believe that is a test listing.

thank goodness, because that contract would be the absolute worst!

 

[byurick]

thank goodness, because that contract would be the absolute worst!

Put in an offer just to see what they say

 

[samsp99]

Id be willing to bet they have no idea what walking is. Id also bet that the guide didn't educate them on anything regarding the grand villa.

My math says that contract was $298,000 before incentives and plus closing fees. Ouch.

 

[atthebeachclub]

.

 

[rentfn]

There is a Riviera contract on dvcresalemarket.com that is 1102 pts, $190/pt for $209,380 right now. I can't imagine such a huge contract that has the restriction of not being able to use the points anywhere else. There is something messed up about that listing though as it has an odd number of points available for the next several years.

This was going to be my vote, glad it's a test one hahaha