HappyThoughtsTees
Mouseketeer
- Joined
- Jul 15, 2020
Just saw someone post on the DVC Fan Facebook page that a "DVC insider" said that DVC will be buying back all VGC contracts going through ROFR. Anyone else hear this?
I can’t find the post but that sounds incredibly unlikely. They would make just 25% on VGC at its average resale even at the higher price coming next month vs about 50% on most ROFR’d contracts.Just saw someone post on the DVC Fan Facebook page that a "DVC insider" said that DVC will be buying back all VGC contracts going through ROFR. Anyone else hear this?
The original poster took down the part of his response that said the insider told him this would be starting 1/1/21. It was within a thread about purchasing VGC resale. I have a very well priced VGC contract in ROFR right now, so I fear we submitted it at exactly the wrong time.I can’t find the post but that sounds incredibly unlikely. They would make just 25% on VGC at its average resale even at the higher price coming next month vs about 50% on most ROFR’d contracts.
Perhaps they are planning to grab a few dozen though to clear the wait list, it is easy money, even if it ties up capital. But will they keep ROFRing long term, or even if they drive the price up $15 with buybacks? No, I doubt it.
Just saw someone post on the DVC Fan Facebook page that a "DVC insider" said that DVC will be buying back all VGC contracts going through ROFR. Anyone else hear this?
I really hope not, we just got our offer accepted on one.Just saw someone post on the DVC Fan Facebook page that a "DVC insider" said that DVC will be buying back all VGC contracts going through ROFR. Anyone else hear this?
They could just be planning to sit on them and flip them later at break even. Takes some points out when they still haven't reopened VGC.
This works in Disney's favor two fold. They can buy them back and sell for more and take some points out of circulation. Kind of a win win.I just wonder if they want to get some points out of circulation for even a short-ish period of time to help with balancing the mess that is now VGC points.
Because of the high pricing in resale and the costs of re-selling, even at the high price per point they may just break even. But that may be the desired outcome.This works in Disney's favor two fold. They can buy them back and sell for more and take some points out of circulation. Kind of a win win.
Our was bought back today, submitted 12/17. Here's to hoping they don't take yours too!I really hope not, we just got our offer accepted on one.
DVC Resale Market reported selling 82 through November 2020. So maybe 300ish? AFAIK VGC resales data is not available online, only in person in Orange County’s records.Never thought about the buy back because of it not being open. As soon as they do, it takes all those extra points out of the system.
I wonder how many VGC contracts sell in a typical year on the resale market, It is so small that maybe even buying all back temporarily won’t amount to much?
DVC Resale Market reported selling 82 through November 2020. So maybe 300ish? AFAIK VGC resales data is not available online, only in person in Orange County’s records.
They could just be planning to sit on them and flip them later at break even. Takes some points out when they still haven't reopened VGC.