The decision really makes me question Disney’s judgement. Why wait to buy the new tower direct when you can get the 11 month window already, right now, with resale? And I’m not sure the ability to book at Riviera and VDH, with apparently nothing else on the horizon, will make a direct purchase any more attractive.
Agreed. And though I’m not a Riviera owner, I love the resort, and if more people buy resale to stay at Poly2, that will mean less direct point owners with whom I have to compete at 7 months to book Riviera!
Disney will be selling millions of PVB2 points direct. By contrast, I just added up the total number of PVB points currently available on the Fidelity resale site and it is 2,035. I know there are a few other resale sites, but on a proportionate basis, Disney will be losing a tiny fraction of direct sales to the resale market.
For me, it was never really about people flocking to resale, I totally agree with you it was never going to amount to a significant amount to be a huge problem for Disney. It was more that the beloved Poly was always going to sell well no matter the restrictions, so why not add them when they had enough incentive to do so.
As has been noted, this decision definitely blurs the line between resale and direct. Forget the 11 month Poly resale advantage. Every single resale contract on the market, with the exception of Riviera and VDH, will be able to book the new tower at 7 months. I don’t really understand how this furthers their long term goal of making a direct purchase more attractive than a resale one. Maybe this heralds the beginning of the end of resale restrictions.
CFW? But point is well taken. DVCRM and all other resale brokers are celebrating tonight. DVD just breathed life into the resale market.
I've sent off a strongly worded email to the DVC management expressing my opinions as a Riviera owner about their restrictions now they've made this decision. It will do nothing but feedback is important.
Maybe so…but maybe I should thank Disney for adding value to all my resale contracts! Hard to believe that this won’t at the very least slow down the sales pace for direct Poly2 points. And all the little things they’ve done for direct buyers, like Moonlight Magic, Magic Band sliders, special photo ops, etc, all of which I really do enjoy and are all fun, won’t really convince anyone to go direct when they can get into Poly2 cheaper.
I think people here overestimate the percentage of buyers who would ever consider purchasing resale, or even know that they can, or would bother to go to the trouble of researching all that after being impressed by a DVC sales pitch at a booth and visit to a model room, with a smiling salesman pitching all of the blue card privileges and other advantages of buying direct, compared to dealing with sometimes flaky sellers and brokers, fees and closing costs, the trauma of going through ROFR, and so on. People on this board who are experts in all of this and have a deep understanding of the pros and cons may well indeed choose to save a bit of money by going the resale route, but they are a tiny minority in the scheme of things.
This is my thought as well. I think if they do keep it same as PVB, they will aggressively price it. My first instinct was to jump on the resale market now because I've been wanting (and waiting for) more Poly points but I'm still going to wait. Not because I think it will be a new association now, but because I expect the price to ultimately be much less than we all expected.
If you can find resale PVB still in the $130s or even the $140s after yesterday, that is probably one of the best bargains you will ever get.
That’s a common sentiment I often hear expressed on these boards, and maybe it’s right. But it might not be unfair to presume that at least some percentage of first time buyers are savvy enough to do a tiny bit of research before plunking down tens of thousands of dollars. And that percentage might not be completely insubstantial.
You know, DVD sold a bunch of Poly 1 points when you could have gotten in at 7 months with your SSR points. Didn’t seem to hurt sales then, why would it now?
Conversely, making it a different association would alienate current Poly 1 owners that are considering adding on…
Or not. What if Disney opened up Poly2 sales with a price that undercut resale? Or what if they introduce some game changing direct purchase benefit? You’ve got to assume that they are not completely clueless. Then again….
Well I did say "probably", not "definitely". I suppose it is possible that Disney starts selling PVB2 at $130 a point; I just don't think it's very likely.Or not. What if Disney opened up Poly2 sales with a price that undercut resale? Or what if they introduce some game changing direct purchase benefit? You’ve got to assume that they are not completely clueless. Then again….
True on both accounts. But, really, who knows? Maybe the number of Poly1 owners who wind up buying Poly2 will dwarf those who were only going to buy if it were a separate association. Maybe they’ll sell a ton of points to naive first time buyers who don’t realize the benefits of the higher prices they’re paying are minimal, maybe all logic will get thrown out the window in a mad rush to buy into a new Magic Kingdom tower.
