Vero Beach Subsidized Contracts

[airjay75]

Anyone have much insight on just how rare VB subsidized contracts are? Is it similar to AUL where resale listings may not indicate whether it is a subsidized contract? Or, is is just so rare, its more like finding a needle in a haystack? Curious if anyone has any insight or experience.

Looks like VB opened on 10/1/95 with sales beginning earlier that year (can't find the exact date - just early 1995). To be subsidized, the contract needed to have been sold before 1/1/96.

Compare that to AUL where sales began on 7/1/2010, with the resort opening 8/29/2011, and to be subsidized, the contract needed to be sold before 7/27/2011.

On one hand, I'm genuinely curious. I see AUL subsidized talked about often on these board - for good reason, given the dues. VB subsidized is better than regular VB, but still pretty expensive. That said, if one were interested in a VB contract to have priority booking for the beach cottages, a VB subsidized contract could make it more palatable.

Welcome any thoughts.

 

[Cfabar1]

Extremely tough to find.... I have been looking for Vero Beach contracts for four years...

I recall two subsidized appearing at DVC RM in that period of time.

I don't recall how they were priced, but they did sell quickly...

The cynic in me makes me think Disney decided pretty quickly to abandon their timeshare off property experiment, likely as a result of the Disneyland Paris cash crunch... I think they were too far along to totally abandon phase two at VB, but I'm not convinced it was serious...

contrast that to Aulani, where they were subsidized as a result of unethical business practices... took longer to be diagnosed...

 

[Cfabar1]

My thought is there are some deals to be had with VB if you are patient and willing to poke the ROFR Bear... And it involves some quite aggressive offers that are likely viewed as outrageous and insulting...

and there are cheaper ways to acquire DVC points even then...

 

[airjay75]

Extremely tough to find.... I have been looking for Vero Beach contracts for four years...

I recall two subsidized appearing at DVC RM in that period of time.

I don't recall how they were priced, but they did sell quickly...

That's what I'm guessing. I do sort of expect DVCRM to get the listing correct, but I wonder whether, similar to AUL contracts, some of the other brokers don't check (or don't know to check). Just sent a couple of e-mails off to 2 listings I have been looking at to confirm whether they are subsidized or non-subsidized.

I think I could get behind paying $40-$50/point for a subsidized contract.

and there are cheaper ways to acquire DVC points even then...

Yeah, that's the tough thing with VB. That low price/point just can't make up for the dues. My only explanation for the current resale prices is that there are enough resale buyers willing to look past the dues and just focus on the cheap buy in price.

 

[pzw90]

1. Start looking up deeds online that sold in the timeframe
2. Find those people and start making phone calls and offers.
3. Post on ROFR thread

 

[PolyRob]

I'll throw a big "Disney match" curveball into your calculations. You can use discounted DGC on dues, but not on the purchase price of points

 

[VGCgroupie]

I have seen them maybe 4 times. Very rare. Not nearly as common as Aul sub contracts.

 

[airjay75]

I'll throw a big "Disney match" curveball into your calculations. You can use discounted DGC on dues, but not on the purchase price of points

I love it when someone helps me rationalize a decision I probably should not make! LOL. It is a fair point, and, as you know, I'm fully into the DGC game.

 

[VGCgroupie]

I will throw the ball back and say you can get the same DGC discount on any dues, it doesnt have to be the high ones.

 

[Cfabar1]

1. Start looking up deeds online that sold in the timeframe
2. Find those people and start making phone calls and offers.
3. Post on ROFR thread

I love this idea!!!

 

[airjay75]

I will t throw the ball back and say you can get the same DGC discount on any dues, it doesnt have to be the high ones.

I mean, that is the thing. I was out on a run this afternoon thinking about all this and I was like, you know, if I want some more points to stay at VB, I should just start throwing out some $80/point offers on SSR. SAP points for VB. It is weird how when you decide you like a resort, you feel this compelling force to actually own points there, but it just doesn't make sense at VB - even if I could somehow get someone to part with a 200 or 300 point contract for $30/point, those dues are just a killer.

 

[Cfabar1]

I mean, that is the thing. I was out on a run this afternoon thinking about all this and I was like, you know, if I want some more points to stay at VB, I should just start throwing out some $80/point offers on SSR. SAP points for VB. It is weird how when you decide you like a resort, you feel this compelling force to actually own points there, but it just doesn't make sense at VB - even if I could somehow get someone to part with a 200 or 300 point contract for $30/point, those dues are just a killer.

but if you don't own Vero Beach you don't get to attend the Vero Beach annual meeting like all the cool kids....

 

[airjay75]

but if you don't own Vero Beach you don't get to attend the Vero Beach annual meeting like all the cool kids....

Alright. I'm finishing my second glass of wine. That seals the deal. Off to make a full price offer . . .

 

[VGCgroupie]

I mean, that is the thing. I was out on a run this afternoon thinking about all this and I was like, you know, if I want some more points to stay at VB, I should just start throwing out some $80/point offers on SSR. SAP points for VB. It is weird how when you decide you like a resort, you feel this compelling force to actually own points there, but it just doesn't make sense at VB - even if I could somehow get someone to part with a 200 or 300 point contract for $30/point, those dues are just a killer.

Yep, thats me with Boardwalk. I get it. I would for sure keep an eye out for availability there looks. VB contracts aren't going anywhere, they will still be there if you decide you need home report priority.

 

[Cfabar1]

I think part of the question truly is how much do you need a beach cottage? the 2 BR is quite spacious... the cottages look cool, but I'm not convinced I'd pay the points premium except in a very special occasion... I'd prefer to have a longer trip in the 2 br.

 

[VGCgroupie]

I REALLY need to get to VB.

 

[airjay75]

I think part of the question truly is how much do you need a beach cottage? the 2 BR is quite spacious... the cottages look cool, but I'm not convinced I'd pay the points premium except in a very special occasion... I'd prefer to have a longer trip in the 2 br.

Agreed. That is why I would only target a contract that got me a beach cottage once every 2-3 years. I don't need it every year. I do think the points for them, compared to the differential between 2 BR and GVs at other DVC resorts is pretty favorable. For example, at CCV, peak season in a 2 BR is 464 points, but a GV jumps to 1292 points. At VB, a 2 BR maxes out at 449 points with the 3 BR beach cottage at 777 points.

Ugh. I'm talking myself into it again.

 

[VGCgroupie]

Agreed. That is why I would only target a contract that got me a beach cottage once every 2-3 years. I don't need it every year. I do think the points for them, compared to the differential between 2 BR and GVs at other DVC resorts is pretty favorable. For example, at CCV, peak season in a 2 BR is 464 points, but a GV jumps to 1292 points. At VB, a 2 BR maxes out at 449 points with the 3 BR beach cottage at 777 points.

Ugh. I'm talking myself into it again.

You need a spreadsheet. A very detailed spreadsheet. Cash vs points. Points at VB vs elsewhere. VB dues increase historical info included. SUB vs Non sub. Non sub did sell for much more if IIRC.

 

[Cfabar1]

You need a spreadsheet. A very detailed spreadsheet. Cash vs points. Points at VB vs elsewhere. VB dues increase historical info included. SUB vs Non sub. Non sub did sell for much more if IIRC.

yes, as I recall it was more akin to a good price at OKW

 

[VGCgroupie]

I will just leave this here. Im sure you already have it. But I will still leave it here.
https://www.dvchelp.com/page/maintenance-fees-current-and-historical