Why so many SSR resales?

[crisi]

There is also a cyclical nature to timeshare ownership. Some have speculated that the developer points offered, plus the price being held up with ROFR gives people an incentive to buy a contract, strip it plus developer points, host a big family trip at WDW, then sell the contract and come out ahead over any other way to stay at Disney.

Even without the incentives, there are always going to be people who buy what is being sold on impulse and then decide it isn't for them - for financial reasons or just because they get home and discover that they aren't going to really use it like they anticipated. And that doesn't need to be "oh, we should have bought BCV" - it can just as easily be "this isn't such a great deal to cruise" or "um....looking at it we really can't fit Disney in every year, we need to visit your mother, and we really want to go skiing every other year or so." Or even "hey, I can get this timeshare in Cancun resale for $4,000 and the fees are half of what they are at WDW - that's really a better use of our vacation dollars for us."

(I'd bet the majority of competition off the Dis Boards is not the cage match that is SSR vs. BCV - but WDW vs. another vacation destination - believe it or not, some people like variety in their vacation destinations).

But the majority of the imbalance can simply be explained by the proportion of points available. Proportionally, SSR resales are available at pretty much the same rate as the other resort.s

 

[cobbler]

I love a good anti-SSR thread

Haven't had one of those in a while, especially from a poster who has been a member for all of 5 days

Ahh, memories

 

[MrsNick]

I must have missed the threads by the BC and BW and VW owners asking if their wait list for SSR would come thru

;insert dorky gif img in attempt to belittle;

Didja miss the thread about the BCV owner who tried to book BCV for NYE at a week or less from her 11 month window and was waitlisted? I've actually come to realize that one advantage of owning SSR is that I'm more likely to be able to book my own resort at popular times without being closed out by other owners of my home resort. This is one advantage I had not anticipated.

We're very happy with SSR; and while we intend to try the other resorts, we have enjoyed our stays at SSR more than any other WDW DVC so far. We have sampled BCV and BWV, and prefer SSR to either of them. We will not be staying at BWV again (nothing wrong with it, just wasn't for us). And BCV would not be our first choice among the other WDW DVC resorts. We really like AKV, and I'd love to add on there once finances allow. Have yet to try VWL. Tried OKW years ago pre-DVC and didn't love it (but that may have been due to lack of knowledge prior to our stay about what to expect). We'd give OKW another shot. The Contemorary doesn't hold my interest at all. We absolutely love VB and HH.

DH and I recognize that we may not be typical DVC owners, which is why we are so happy at the variety of DVC resorts to choose from. Everyone should be able to find something they like

 

[DBorges]

SSR was sold sight unseen that may be a factor as well because had i bought it with out seeing how it is laid out I would have sold it PDQ.

I think the layout of that resort is just a poor concept.

I bought BCV sight unseen and sold it within a year of buying it..

I just like the feel of dvc resort beeing DVC not duel rolls

 

[Jimdvc]

Have yet to try VWL. We absolutely love VB and HH.

Try VWL sometime, it has a special feel to it.

HH is also a great place, we enjoy that a great deal. VB is nice, but nothing really made it stand out to us.

 

[Connears]

I love a good anti-SSR thread

Haven't had one of those in a while, especially from a poster who has been a member for all of 5 days

Ahh, memories

Not quite sure where you are getting you info. I started the thread and it was not meant to be a SSR bashing at all. I was interested in the # of resales and why SSR had a greater #....I did not make any judgements and was speculating about the current economic situation and how it may have affected those who purchased most recently..that's all. If you were referring to me as the post originator, I have been a member since 1994 at OKW and 2002 at HHI, not 5 days.

Connears

 

[Aunt Michelle]

Not quite sure where you are getting you info. I started the thread and it was not meant to be a SSR bashing at all. I was interested in the # of resales and why SSR had a greater #....I did not make any judgements and was speculating about the current economic situation and how it may have affected those who purchased most recently..that's all. If you were referring to me as the post originator, I have been a member since 1994 at OKW and 2002 at HHI, not 5 days.

Connears

I don't think the poster was referring to you. I believe they were referring to the way the thread was degenerating into an SSR bashing thread. Your question was interesting. The PP poster's response regardng the size of SSR is valid and if there are more units there will be proportionally more re-sales.
Of course, I love SSR. I toured SSR before buying, and did not feel that my guide falsely led me to believe that I would always be able to stay where I wanted, when I wanted. I feel there is much more going on with the inability to book a room 11 or 7 months out, but that is a whole separate thread.

 

[RLRDA]

right with you!

 

[eva]

I agree with you - but no reason to tip-toe around the issue. I assure you that Disney/DVC was no different than any of the others who were taking advantage of easy money and catering to those who had questionable financial means. We'll see lots more resales hitting the market in the coming year or two. TSS listings will be huge and buyers will be able to get very good deals for as low as DVC will set the ROFR bar.

We haven't seen the worst of our economic problems.

This could be very true. But I don't know if I would go so far as to say that DVC (or the banking industry) took advantage of people. Everyone that signed on the dotted line was a legal adult. If I go shopping and purchase too much because there are great sales, I sure don't blame the "evil" stores that lured me in and offered me great prices. If I can't control my spending and buy things I can't afford, it is my own fault. Do I make mistakes and spend more than I should? Sure do. Do I blame others for my mistakes? I hope not.

 

[jemiaule]

And I don't see a whole lot of posts from people who believe they were given false expectations during the sales process.

I certainly was. After getting the real story here from many DVC old timers we did not sign our SSR papers when they came in the mail, talked to management to get assigned to a new guide who would not lie to make a sale and purchased points for a different resort.

Most guides are honest but do not fool yourself that there are no bad ones who would say whatever it takes to make a sale.

 

[DVCJones]

I must have missed the threads by the BC and BW and VW owners asking if their wait list for SSR would come thru

;insert dorky gif img in attempt to belittle;

Funny!!!!

Seriously though....

IMHO, I think that most people who purchased SSR (myself included) are new to DVC.( within the last 4 years) I think that all these new members are doing the "I got to try all of the resorts at least once" thing. (myself included) The little three owners have already made the rounds.

I think that the popularity of BCV, BWV and VML has grown since the development of SSR because there are a lot of new members trying to experience all the resorts. I would also venture to say that once we all make our rounds things might even out a little, or until the next big resort (CRV) comes to town generating more new members....and the process begins again.

 

[cobbler]

Not quite sure where you are getting you info. I started the thread and it was not meant to be a SSR bashing at all. I was interested in the # of resales and why SSR had a greater #....I did not make any judgements and was speculating about the current economic situation and how it may have affected those who purchased most recently..that's all. If you were referring to me as the post originator, I have been a member since 1994 at OKW and 2002 at HHI, not 5 days.

Connears

Aunt Michelle is correct, this wasn't a post directed at you but the turn of the thread in general.

I know a LOT of my fellow SSR owners know EXACTLY where I am coming from

 

[crisi]

IMHO, I think that most people who purchased SSR (myself included) are new to DVC.( within the last 4 years) I think that all these new members are doing the "I got to try all of the resorts at least once" thing. (myself included) The little three owners have already made the rounds.

One of the notable differences is that early owners don't necessarily feel the need (to the extent of later owners) to "make the rounds." Original OKW owners bought specifically to stay at OKW. BWV owners had two choices. VWL had three. BCV owners four. And by the time BCV opened, many BCV owners were already DVC members doing the "buy where you want to stay" thing - that started happening by VWL already. No one sold OKW owners on staying anywhere other than OKW. It wasn't until SSR started being sold that the quantity of onsite DVC resort you could stay at really started becoming a selling point - it had been there since BWV started selling, but two options wasn't attractive to people who liked the variety of all the Disney CRO resorts. Three resorts wasn't much better for the VWL owners. Four resorts with the BCV owners started to be more attractive....etc.

 

[a Really Bad Egg]

It wasn't until SSR started being sold that the quantity of onsite DVC resort you could stay at really started becoming a selling point...

Great point...and the reason we bought in, to use points at all DVC resorts.

However, I distinctly remember our Guide indicating there was no guarantee of availability - even at our home resort - and we may have to be flexible with our vacation planning.

We were okay with that...and it didn't alter our decision. Going forward, perhaps that info should be shared by all Guides to avoid disappointed buyers.

 

[PinkTink63]

Just sold our SSR position in January and closed, got a very fair price and used it 3 times in as many years and sold it for what we paid for it. Financially, a good deal. Why did I sell?

Because I was mislead into believeing I'd be able to book at the smaller resorts -- which simply ain't true, unless it is a time of year we simply cannot go without taking the kids out of school. "Buy where you want to stay" is great advice -- but we didn't know that when we bought. We are gonna hope the DVC market softens in the next year or so (I don't believe this is a financially good deal at anything over $83-85 point) and buy back in "where we want to stay" . . . or at least don't mind staying if we can't sample other locales. We just never warmed to SSR. It is an resort designed by accountants, not imagineers. AKV may follow in its footsteps -- jury is out.

I agree that it is getting a little harder to book other resorts, but we have for the last 4 years. The first time we stayed at BWV we booked only 4 months out. We bought right after that! We have been able to book at 7 months since. We always go in the summer, because we can't take our son out of school either!
Although, we do love SSR, we like all the resorts! All that we have stayed at anyway! I think all the resorts have something unique to offer!

Just booked BWV, AKV, and VB for this summer!

Good Luck with your next DVC purchase!

 

[BWV Dreamin]

I agree with you - but no reason to tip-toe around the issue. I assure you that Disney/DVC was no different than any of the others who were taking advantage of easy money and catering to those who had questionable financial means. We'll see lots more resales hitting the market in the coming year or two. TSS listings will be huge and buyers will be able to get very good deals for as low as DVC will set the ROFR bar.

We haven't seen the worst of our economic problems.

Have you seen the resales price of SSR on TSS lately? I am seeing prices of $78 to $79/pt.! This is a very rapid decline from 6 mos. ago when resales were $82 - $84/pt. And the resort is not even sold out. Wonder if all the resales will start this decline, or is specific to SSR. I have noticed BC now in the upper $80's.

 

[Starr W.]

Have you seen the resales price of SSR on TSS lately? I am seeing prices of $78 to $79/pt.! This is a very rapid decline from 6 mos. ago when resales were $82 - $84/pt. And the resort is not even sold out. Wonder if all the resales will start this decline, or is specific to SSR. I have noticed BC now in the upper $80's.

I've noticed the prices decreasing on all the resorts in the last few months.
BCV in the upper 80's, that tells you something.

 

[cobbler]

The resales are that low because of the economy, no one is particularly looking to buy a timeshare right now.

All the resale prices are down right now. Even BCV which I do remember seeing in the mid 90's are down to the upper 80's. BWV are down around SSR level, a couple dollars more, low 80's and they were mid to upper 80's.

All of them are down right now.

 

[TisBit]

One of the notable differences is that early owners don't necessarily feel the need (to the extent of later owners) to "make the rounds." Original OKW owners bought specifically to stay at OKW. BWV owners had two choices. VWL had three. BCV owners four. And by the time BCV opened, many BCV owners were already DVC members doing the "buy where you want to stay" thing - that started happening by VWL already. No one sold OKW owners on staying anywhere other than OKW. It wasn't until SSR started being sold that the quantity of onsite DVC resort you could stay at really started becoming a selling point - it had been there since BWV started selling, but two options wasn't attractive to people who liked the variety of all the Disney CRO resorts. Three resorts wasn't much better for the VWL owners. Four resorts with the BCV owners started to be more attractive....etc.

I will prepare for the flames on this one....but here goes.

I think these boards also make a bigger issue of availability than what some people actually find. People who buy in, read the boards are are scared off are in no position to say, I didn't buy because of availability. I have read a lot of posts, both getting last minute ressies and not being able to book at 11 months. It is usually just 30 page threads talking about how it is so bad on availability, but only four people respond to the last minute ressie thread and say "wow, that was sooooo lucky".

Another problem I see, is it seems that "new" owners are blamed for all the problems in DVC. All the SSR people are trying to stay at BCV or VWL....ruining their resort, etc. I think that there are numerous reasons for availability issues, but we are also in a glass bowl on these boards.....rehashing the same problems over and over. It seems to me there are a lot of "old timers" from back in the day and they have no desire to stay anywhere but OKW...the original resort. But, if I recall correctly, OKW used to be the SSR....where everyone complained that they "had" to stay there, it was too far away, etc etc etc.

 

[crisi]

I will prepare for the flames on this one....but here goes.

I think these boards also make a bigger issue of availability than what some people actually find. People who buy in, read the boards are are scared off are in no position to say, I didn't buy because of availability. I have read a lot of posts, both getting last minute ressies and not being able to book at 11 months. It is usually just 30 page threads talking about how it is so bad on availability, but only four people respond to the last minute ressie thread and say "wow, that was sooooo lucky".

I agree. I'm one who would rather tell people that their is a "slight" chance of a Boardwalk room being open at seven months for Food and Wine and have them pleasantly surprised by availability than tell them there is a "good" chance and be wrong. And I will say that what I notice is the what are my chances threads is a few people saying "no chance," a few people responding with "a chance, but not necessarily a good chance," AND a some "oh, you won't have any problem at all, four years ago I got a room at that resort at a completely different time of year four months out." If that scares people off of buying, I think that's a good thing - we have had people who have sold because they thought their would be availability seven months out and there wasn't.

Every year there are more members, and the same number of rooms at VWL in early December.