Thinking of purchasing GFV - will prices decrease?

[drusba]

The price did drop. Several times. It was $96 per point in June 2009. It bottom out at I believe $92 during a Web Cast about 60-90 days later before it started going back up.

Technically, given prices have never gone down. What has changed for any given resort are the incentives providing a discount off the price. For both AKV and BLT, incentives changed to a degree that, for a while, the actual amount you would pay was lower than that which you would have paid after incentives when the resort first went on sale, but particularly for BLT those low deals were during the worst times of the Great Recession.

The VGF price is going up to $150 when sales to new members start. Unless sales are slow, I suspect we may even see $170 or more before the year is out.

 

[tjkraz]

One other point, I think we focused on the high price per point of BLT as the gateway for DVD to charge higher prices for VGF. But in all actuality, I think it was the raising of the prices of the classic resorts that allowed this to happen. SSR (worse location) or BWV (shorter date) for $130 or the brand new VGF for $145 almost seems like a no brainer. Based on this comparison and the level of interest for VGF, I don't see incentives bringing the price below $145 at any time, despite a history that might suggest otherwise.

DVC has the proverbial new sheriff in town: Ken Potrock. While he may solicit advice from others who have a longer history with DVC, he could also choose to exert his influence at any time.

In other words, I don't know that "history" means a whole lot here. It's only sensible for speculation to be based upon past practices, but I don't think anyone guessed right on VGF. Even the most conservative estimates were in the neighborhood of $160+.

This may end up being just one area in which DVC philosophies change in the coming months.