I'm very curious about this, too. I know that until it is officially announced, there are a lot of rumors and speculations of exactly how it will work. But from how I think it will work, I don't like it.
The trust will own some percentage of the points at each property vs. our traditional deeded DVC ownership. Making up random numbers, maybe 100% CFW, 25% RIV, 50% VDH, 30% AUL, etc. That will be the pool of points that trust owners will have access to.
I'm guessing that for the more popular resorts, especially at the more popular times, there will be a lot more demand than available inventory because direct trust owners will have the 11 month window into multiple properties.
And for resale trust owners that are restricted to a single resort, if you own at a popular resort, there will be that much more competition in the 11 month window. It may be difficult to get a reservation that works for your schedule, or to get any reservation.
But the marketing will be all glamorous and glitzy. Look at how many resorts you can book at the 11 month window with a single ownership! Then reality strikes when you actually try to make a reservation.
Just to clarify, the trust won’t own points. The trust will own property and they will define who many points those units will have to use for 365 days.
So, whatever becomes trust property must be defined. Currently, the only property that has become a trust property are the cabins of FW.
Once added, DVD then activates part of it to be sold. They have activated 30 cabins. The others are inactive and the responsibility of DVD to pay for
In order to include any part of current resorts, they must have units or rooms to add. So, at RIV, there is only 25% left…the number of points that would be is based on what actual rooms are left.
It would be the same for the other active selling resorts.
Right now, the have created just one use plan to include the cabins. They can set up as many plans as they want against any resort property added.
What they could do is simply put all resort property at a single location under its own plan and when people buy, they buy a specific one. Keeps the resale restrictions per resort property in the plan.
They have guaranteed those in the cabins plan one month. What they could end up doing is not give everyone the same window who are in different trust plans, but nothing would stop them from giving owners of each only their one month. Then other direct buyers in the trust get access to the trust property snd those at all other DVC resorts get the left overs via BVTC, which could be shortened.
So, those who have deeded ownerships could simply find themselves having to stay at their home resorts more often..which, technically, is all we were promised to begin with.