Maybe I will apply!To your last point I had just seen a job posting on their careers site titled "Club strategy & development manager, Disney Vacation Club" so someone here who is already a member should apply and make sure the path forward makes sense for current owners and future buyers so that this doesn't follow that same route.
Mine are from the DVC website. When you go to check availability select the resorts you want and there will be a header image for each one.Where is everyone finding the .jpeg DVC resort logos that are included in some of your message signatures/footers?
They were asking 90 per point, we weren’t sure if 80 was too low but thought we would try it.Do you mind telling what the asking price was.
My client finally paid me so my fun money account can now go to work.
I am going to have to disagree here. Disney doesn't care about resale values anymore (if they ever really did) the fact that they have kept adding restrictions every couple of years until they the last one where resale of the newer resorts can only stay at that one resort finally had a significant impact. Disney's main target is the first time DVC buyer. Resale will always maintain a significate value (compared to other timeshare resorts) due to location and being in the Disney bubble but unlike in the past the values will go down inline with how much time is left on the contract. Resale of the newer properties with the resale restrictions will no longer be worth more in resale than what the direct price was when first offered for sale. I don't see DVD ever exercising ROFR again for the legacy resorts in any large numbers but I do see them using ROFR on newer resorts such as RIV when it is sold out and then can get them at rock bottom prices to resell as direct again without restrictions.The lack of ROFR may be slowly lowering prices, but we are still a long way from the bargain basement approach of other timeshares.
Staying on property at Disney will always have a certain amount of cachet. I sincerely doubt that we are going to see these go to $1 on eBay ever.
Where I do think Disney has to be careful is ensuring that the DVC properties hold at least "some" value... Without that, they will end up like so many of these other timeshare products that can't expand anymore because the reputation they have is the timeshare is a ripoff.
I agree with most of your thoughts,aside from resale not surpassing the original purchase price for newer resorts. Disney will continue to increase direct cost, which will in turn help maintain resale prices on newer resorts. This will only be amplified once the original 14 are in their last few years as you remove a significant amount of absolve points from resale.I am going to have to disagree here. Disney doesn't care about resale values anymore (if they ever really did) the fact that they have kept adding restrictions every couple of years until they the last one where resale of the newer resorts can only stay at that one resort finally had a significant impact. Disney's main target is the first time DVC buyer. Resale will always maintain a significate value (compared to other timeshare resorts) due to location and being in the Disney bubble but unlike in the past the values will go down inline with how much time is left on the contract. Resale of the newer properties with the resale restrictions will no longer be worth more in resale than what the direct price was when first offered for sale. I don't see DVD ever exercising ROFR again for the legacy resorts in any large numbers but I do see the using ROFR on newer resorts such as RIV when it is sold out and then can get them at rock bottom prices to resale as direct again without restrictions.
The US economy has been in an expansion since April 2020 and resale prices have been dropping. RIV with all of the restrictions and an expiration of 2070 resale price is on par with BLT which expires in 2060. RIV is going for less than CCV that expires in 2068. Direct and resale of the new resorts are entirely two different products now.I agree with most of your thoughts,aside from resale not surpassing the original purchase price for newer resorts. Disney will continue to increase direct cost, which will in turn help maintain resale prices on newer resorts. This will only be amplified once the original 14 are in their last few years as you remove a significant amount of absolve points from resale.
The only thing that would change that potential outcome is if they did provide an extension program for the original resorts. I would still think with Disney's historical price increases, resale will continue to climb when the economy is in an expansion.
I don't ever see a scenario where they increase in the same amount as the original resorts. The program is too saturated at this point.
$3328 includes purchase price plus closing plus’24 dues and admin fees. Seller is paying admin fees of $225. Closing is not cheap for a small contract.@Chia1974 Was there a lot of fees or something with this?
$1,000 in fees seems like a lot. (especially if seller is paying them. lol)
While I agree that the economy is still in an expansion, the primary driver of this was covid, where we experienced a negative gdp of almost 3%, where the contraction was the most in us history for 2Q. The GDP decline was caused more by supply chain issues than demand.The US economy has been in an expansion since April 2020 and resale prices have been dropping. RIV with all of the restrictions and an expiration of 2070 resale price is on par with BLT which expires in 2060. RIV is going for less than CCV that expires in 2068. Direct and resale of the new resorts are entirely two different products now.
This is the only part I feel sure of. The ever increasing supply juxtaposed with ever decreasing demand.The program is too saturated at this point.
I appreciate the offer, but I will politely decline.Do elaborate if you choose to be derogatory.
Whoa. You can pretty much make up for this cost with 2 stays at WDW! Congratulations!mgeologist---$49-$8990-135-HHI-June-0/23, 270/24, 135/26- sent 3/7
Thanks! We live a couple of hours away so it is a great way to get a quick disney fix. Couldn't pass it up when they agreed to the price.Whoa. You can pretty much make up for this cost with 2 stays at WDW! Congratulations!
BAHAAA, HAA....
Yes please, elaborate?Do elaborate if you choose to be derogatory.
I did not put any inferences into my comments, therefore there is nothing to elaborate. I found that posters comments on the economy hilarious.Yes please, elaborate?
I believe this is where a Mod comes in and says to stay on the topic of the thread (ROFR and DVC pricing).Yes please, elaborate?
The beach resorts ( HHI & VB) in a few years could wind up costing more in MFs than a cash booking.mgeologist---$49-$8990-135-HHI-June-0/23, 270/24, 135/26- sent 3/7
So you feel pretty confident that this is self explanatory?BAHAAA, HAA....
Agree, I’ve spent a lot of time in the controversial section lately. lolI believe this is where a Mod comes in and says to stay on the topic of the thread (ROFR and DVC pricing).
Isn’t it shown in the data?Do elaborate if you choose to be derogatory.