Why did you sell your resale contracts and buy direct?

[Brian Noble]

Good news! The foreclosure period for new resorts is going to be much longer.

 

[supercarrie]

They likely dont have that many points. It has exited the foreclosure period and the price in resale isn't low enough for ROFR likely often enough.

You essentially have the active selling period where they have points: 2-3 years (2010->2013)
Then you have 5 years of foreclosures to sell: (2013->2018)

Covid had a temporary reprieve for all resorts but other than that I wouldn't expect much for BLT unless they add-on to the resort with another tower or there is a massive economic downturn where they end up with a bunch of excess points again.

While I agree with this sentiment, they sell VGF at $265 per point and routinely having been ROFRing it at $155+ this year.

The spread on BLT is a fair bit larger ($275/$120-130). What do you think the reason is for their active VGF buy backs? More demand?

 

[sethschroeder]

While I agree with this sentiment, they sell VGF at $265 per point and routinely having been ROFRing it at $155+ this year.

The spread on BLT is a fair bit larger ($275/$120-130). What do you think the reason is for their active VGF buy backs? More demand?

Likely demand with people adding on since it was the most recent resort that sold out? Its always interesting how they choose where to ROFR at times.

 

[supercarrie]

Likely demand with people adding on since it was the most recent resort that sold out? Its always interesting how they choose where to ROFR at times.

Yes, it is fascinating. (VGC cough cough)

 

[patm95]

People focus on the direct-benefits as the reason to buy direct, and how those benefits aren't enough to justify an extra $10k over resale. But the biggest benefit of direct (for me at least) is that those points are completed unrestricted. You can use them at Riviera, Disneyland Villas, eventually Lakeshore Lodge, etc.

People overlook this because, until Riviera, a resale point was just as unrestricted as a direct point. And a lot of people are still stuck in that mindset.

As time goes on, the gap will only widen (in the five years the policy has been in place, the gap is already sizable). After 2042, the gap will spike. After 2066*, every resale point will presumably have 0% flexibility and every direct point will still have 100% flexibility.

Resale restrictions are annoying, but Disney did it to entice people to buy direct... and it's working.

*I originally said 2068 (CCV expiration date) but it's actually 2066 (Poly expiration date). For the two years in between, CCV's unrestricted points will still exist, but they will have zero resorts left for the resale-owner to use the points at

I agree. I’ve been saying this for awhile now. This almost never gets mentioned. It will become more important as the years go by.

 

[Unclelude]

Additionally I just like the fact I have full membership so I get access to everything like discounts, lounges, moonlight (been once), and whatever else they do.

... unless you want access to the ImaginarAtriumUmmmumm lounge in Epcot after 5:30 - you need to level up for that!!

( Seriously tho - I thought it was priority access after 5:30 ... I got outright ACCESS DENIED... and lounge wasn't full cuz group in front of me got right in ... )

 

[WinterSolider]

... unless you want access to the ImaginarAtriumUmmmumm lounge in Epcot after 5:30 - you need to level up for that!!

( Seriously tho - I thought it was priority access after 5:30 ... I got outright ACCESS DENIED... and lounge wasn't full cuz group in front of me got right in ... )

The OTUP discount alone makes Membership Magic Beyond a great value for just about everyone.

 

[maui22]

FW 50 TP Studio is gone…may need to upgrade

There must be a contract with a delayed closing.

I show two FW 49 TP Studio contracts, but only one FW 50 TP Studio contract has appeared on the county comptroller website.

 

[Brian Noble]

The OTUP discount alone makes Membership Magic Beyond a great value for just about everyone.

That's why I bought it. If it is possible to use the points, it is hard to get them less expensively, and that includes buying resale.

I suspect the value proposition will change, and sooner rather than later. Anytime I find myself in or near TWDC saying: "Gee, that's a pretty good deal!" it's pretty much the death knell.

 

[WinterSolider]

That's why I bought it. If it is possible to use the points, it is hard to get them less expensively, and that includes buying resale.

I suspect the value proposition will change, and sooner rather than later. Anytime I find myself in or near TWDC saying: "Gee, that's a pretty good deal!" it's pretty much the death knell.

I think most members under-value OTUP even under normal circumstances. $20 per point probably buys you about $50 of rack rate.

 

[Brian Noble]

True, but for 7-month points you can almost always get transfers for less. Maybe not in such small amounts, though.

 

[Sprinkles&Sprints]

There must be a contract with a delayed closing.

I show two FW 49 TP Studio contracts, but only one FW 50 TP Studio contract has appeared on the county comptroller website.

Ooooh, that’s good intel. Thank you!!

 

[Girlstar30]

Just out of curiosity does anyone buy the max 24 points every uy just to have more points? I just bought some this morning and then an even cheaper boardwalk reservation i wanted showed up literally an hour later and I've been checking daily

 

[Sprinkles&Sprints]

Just out of curiosity does anyone buy the max 24 points every uy just to have more points? I just bought some this morning and then an even cheaper boardwalk reservation i wanted showed up literally an hour later and I've been checking daily

I hadn’t before this year and MMB but certainly plan on doing it for as long as they offer it!

 

[VGCgroupie]

Just out of curiosity does anyone buy the max 24 points every uy just to have more points? I just bought some this morning and then an even cheaper boardwalk reservation i wanted showed up literally an hour later and I've been checking daily

Plan on buying as soon as my DEC 24 UY turns to 25 so then I have a whole year to use them.

 

[byurick]

Just out of curiosity does anyone buy the max 24 points every uy just to have more points? I just bought some this morning and then an even cheaper boardwalk reservation i wanted showed up literally an hour later and I've been checking daily

Yes then I'll go back and modify an existing reservation to use them. Then I can decide if I want to use my "real" points now or just bank em for next year.

 

[Girlstar30]

I hadn’t before this year and MMB but certainly plan on doing it for as long as they offer it!

I would too for that deal

 

[Girlstar30]

Yes then I'll go back and modify an existing reservation to use them. Then I can decide if I want to use my "real" points now or just bank em for next year.

Do you have mmb?

 

[byurick]

Do you have mmb?

Yes, but I would do it regardless.

 

[Girlstar30]

Yes, but I would do it regardless.

I'm just trying to justify the fact that i don't have mmb and want to do it lol