I am a first time DVC owner that just bought into Riviera direct and also now has a pending Polynesian contract via resale. I can share my insight on why I am buying Riviera! I looked at direct for all the resorts but didn't want to pay $245/pt direct Polynesian or $255/pt direct Grand Floridian. The perk in Annual Passes alone for my family adds to about $1000 a year so I really wanted a direct contract regardless of what additional points we buy resale. I know the possible downside to reselling Riviera but with difficulty booking in the 7 month window at non-home resorts, I didn't feel comfortable purchasing at CCV or Aulani.
As much as I would hate to potentially lose money on Riviera if I ever had to sell, I would immediately be out an extra $63-$73 per point by buying direct Poly or GFV instead of the direct $188/pt for Riviera. If my Riviera contract value drops in resale... it could drop as much as 35% and still not be as much of a loss as the premium of buying direct Poly or GF. The other thing I keep thinking is that Disney still has ROFR. I don't understand why people are talking about contracts for Riviera dropping to pennies on the dollar for resale. If that were to happen, wouldn't it be in Disney's best interest to scoop them back up in ROFR and resell them as new again? It seems that would keep the price somewhat inflated? Can someone help if I am just missing something on this?
As much as I would hate to potentially lose money on Riviera if I ever had to sell, I would immediately be out an extra $63-$73 per point by buying direct Poly or GFV instead of the direct $188/pt for Riviera. If my Riviera contract value drops in resale... it could drop as much as 35% and still not be as much of a loss as the premium of buying direct Poly or GF. The other thing I keep thinking is that Disney still has ROFR. I don't understand why people are talking about contracts for Riviera dropping to pennies on the dollar for resale. If that were to happen, wouldn't it be in Disney's best interest to scoop them back up in ROFR and resell them as new again? It seems that would keep the price somewhat inflated? Can someone help if I am just missing something on this?