Nw Resale Restrictions as of Jan 19th

[Sirwalterraleigh]

I guess we all look at things differently, I would rather resale keep going up, it's an investment(maybe not one that can make money but it's nice to have the option in 10 years) and I always want my points to be worth more.

If it’s an Investment, then buying at an artificially controlled/created high price devalues the return potential.

Got any stock tips for me?

 

[xdan0920]

If it’s an Investment, then buying at an artificially controlled/created high price devalues the return potential.

Got any stock tips for me?

Imagine believing DVC is an investment.

 

[kong1802]

Imagine believing DVC is an investment.

I've got a "friend" Jade who will argue up and down its one of the most fool proof ways to save for retirement..... Complete BS. It's not in anyway a financial instrument, nor was it ever intended to be.

When we considered a resale contract, one of DVC's saving graces vs a traditional timeshare is that if for some reason you wanted out, there was one. You didn't have to pay $5k to drop it. I think it will always have some "value" if you are looking to dump, but you aren't paying capital gains.....especially on the new resorts at $200/pp and a severely devalued resale market for "resort only" contracts.

 

[correcaminos]

Since this is going to be online likely this year...it has to be sold ASAP. Also...Disney never picks a random date. It’s all calculated.

So that date has to mean something. It could be the sales date. Or - perhaps the lead time they need to sort out the outstanding resells that will come in prior to sales...say 4 or 8 weeks?

Historically though, resorts only go on sale several months up to maybe six months in advance. PVB opened in April of 2015, but sales did not go on until January of that year. CCV opened in July of 2017 in sale started in March of that year. VGF had a May sale and Oct opening. I would not put too much hope that this is showing sales are starting soon. We might be given more info in another week or so, but I do not believe that sales would start this early since we don't have a defined opening date yet.

 

[Sirwalterraleigh]

historically though, Resorts only going sale several months up to maybe six months in advance. PVB opened in April of 2015, but sales did not go on until January of that year. CCV opened in July of 2017 in sale started in March of that year. I would not put too much hope that this is showing sales are starting soon. We might be given more info in another week or so, but I do not believe that sales would start this early since we don't have a defined opening date yet

I understand...but you’re making my point. This thing will be open soon. There’s no way they even consider opening that gondola without something to peddle on it

 

[correcaminos]

I understand...but you’re making my point. This thing will be open soon. There’s no way they even consider opening that gondola without something to peddle on it

Not trying to sound rude, but I think we all knew it had to be coming in the next handful of months. Unless something is going really behind on the opening of Riviera, it still points toward spring sales for a fall opening though. However, until we know what day it's going to open, we are only guessing as to when it will go on sale.

We are still missing the details of the Resort's like they have given us in the past. I remember Polynesian it was about a month out we got the details and such. I don't remember what Copper Creek was though. So after we get that, then I would say we have little time before sales start.

 

[Sirwalterraleigh]

Not trying to sound rude, but I think we all knew it had to be coming in the next handful of months. Unless something is going really behind on the opening of Riviera, it still points toward spring sales for a fall opening though. However, until we know what day it's going to open, we are only guessing as to when it will go on sale.

We are still missing the details of the Resort's like they have given us in the past. I remember Polynesian it was about a month out we got the details and such. I don't remember what Copper Creek was though. So after we get that, then I would say we have little time before sales start.

Well “copper creek” is gutted wilderness lodge circa 1994. I have to say that’s a growing pet peeve after hearing my “guide” attempt to spin it to me. As the DVC consumers - we need to start calling things what they are - not walk the streets doing their advertising for them. It’s the same guts as the old VWL at 2.5x the prices...without having to endure the covered walkway.

But other than that...I’m not disagreeing with you. The dates on sales is sometime soon...we all agree.

I just learned through experience (because I was trained in its principles) that there are no “random” dates at Disney. So why 1/19? There’s some angle - several possibilities

 

[correcaminos]

Well “copper creek” is gutted wilderness lodge circa 1994. I have to say that’s a growing pet peeve after hearing my “guide” attempt to spin it to me. As the DVC consumers - we need to start calling things what they are - not walk the streets doing their advertising for them. It’s the same guts as the old VWL at 2.5x the prices...without having to endure the covered walkway.

But other than that...I’m not disagreeing with you. The dates on sales is sometime soon...we all agree.

I just learned through experience (because I was trained in its principles) that there are no “random” dates at Disney. So why 1/19? There’s some angle - several possibilities

I am really confused what your comments about Copper Creek is about. I am just giving the name that Disney calls the resort so that people know what dates were when things happened.

The 19th is simply the end of the week. They usually only give a short amount of time before they add restrictions to resales. Nothing more, nothing less. So I think honestly you were just reading into this date way too much. We need to get all the information out first, and then they will tell us when sales will start. It will be in the next several months most likely, but I don't think the 19th has anything to do with

 

[eliza61nyc]

I guess we all look at things differently, I would rather resale keep going up, it's an investment(maybe not one that can make money but it's nice to have the option in 10 years) and I always want my points to be worth more.

I do really wish timeshare would not even use the word "investment" because of just your line of thinking. Lets look at it another way, let's say you got a coupon booklet with prepaid vacations, you would never look at that as an investment. as you use up the coupons (via taking vacations) the value evaporates (well the monetary value). That's a timeshare, it should never be peddled as having any worth at the end of the bargain. (IMO) your points are worth something in trade value.

lol, sorry I just dislike how some timeshare operators peddle these things. they are prepaid vacations, a luxury item. too many folks get burned purchasing with the mindset "I can always sell for a profit".

lol, I always tell folks who ask for an opinion on dvc that it makes folks no money, in fact most people spend more money by going to the world more. no way would I probably go to wdw as much without my points.

 

[Sirwalterraleigh]

I am really confused what your comments about Copper Creek is about. I am just giving the name that Disney calls the resort so that people know what dates were when things happened.

The 19th is simply the end of the week. They usually only give a short amount of time before they add restrictions to resales. Nothing more, nothing less. So I think honestly you were just reading into this date way too much. We need to get all the information out first, and then they will tell us when sales will start. It will be in the next several months most likely, but I don't think the 19th has anything to do with

Lol...I’m just getting you with friendly fire about “copper creek”...you brought it up and i vented. Sorry...it’s not at you at all

The back story is some clown at Saratoga tried to tell me there was “no comparison” between vwl and “copper creek” last week. Because of “amenities”

To which I said “so what’s stopping those that bought at $55 a point from using them? Or buying a room at the inn for a discounted $240 a night and then wiping their hands and walking away happy and fat? - which I did in September”

Maybe they have massage beds now?

...it got snippy...but that’s not my fault if a DVC employee “comes at me” with such Swiss cheese nonsense.

I’m surmising that 1/19 means “something”...but we may never know what. The more I think about it...the more I think it’s the start of an internal “housekeeping” period for DDC and they will start sales a month or some other time period later. Just speculating.

 

[Sirwalterraleigh]

Imagine believing DVC is an investment.

But it is an investment...it allows us all to not beheld to their resort pricing whims and allows for probably 10-15% discounts on other items. But that’s it. It’s not beachfront property in Naples.

I've got a "friend" Jade who will argue up and down its one of the most fool proof ways to save for retirement..... Complete BS. It's not in anyway a financial instrument, nor was it ever intended to be.

When we considered a resale contract, one of DVC's saving graces vs a traditional timeshare is that if for some reason you wanted out, there was one. You didn't have to pay $5k to drop it. I think it will always have some "value" if you are looking to dump, but you aren't paying capital gains.....especially on the new resorts at $200/pp and a severely devalued resale market for "resort only" contracts.

Well...sniffing glue will give you a momentary high...but vastly affects your ablity to type effectively in the long term.

 

[nickys]

Thanks for posting the actual language here. I read this as if you buy direct from Disney (or are a current owner) you can trade into any of the resorts going forward. If you buy resale points from one of the original 14 resorts after 1/19/19 you will only be able to use the points at those 14 resorts with no trading into any future new resorts. I don’t see anything about Riviera resale only being used at Riviera. I would assume the same rules will apply going forward so after Riviera opens if you buy points there in the resale market you will not be able to trade into any new resorts that open after it but will still be able to use the points at the original 14 plus Riviera.

This isn’t about Riviera having lower priced points. I am almost certain that won’t be the case. It’s about making buying direct a much larger advantage. When Riviera or the next project open at $200+ direct per point they want to avoid people buying resale under $100 and then just trading into the brand new resorts. This also probably has an eye towards the eventual run up to 2042 when the first DVC contracts start expiring and the resale market eventually goes to zero. I would certainly think this will drive down the resale prices now for the older resorts at least a little bit, which could lead to more RoFR and buybacks for Disney. They do have wait lists at some resorts now.

The news about this came from one of the resale companies. Their info was accurate about the existing, or “legacy”, 14 resorts.

Their info is that by buying resale at Riviera, you will only be able to use the points at Riviera. And not at any of the 14 legacy resorts. Which clearly lessens the value of resale points at Riviera big time.

This may be to try out a “DVC version 2”, whereby the new resorts to be built will have their own set of rules and be separate as far as resale is concerned. But direct and you can continue to use all resorts, buy resale at one of these newer resorts and you cannot trade into any other resort. Which means of course, you could be shut out if you don’t book before 7 months.

 

[Phonedave]

I do really wish timeshare would not even use the word "investment" because of just your line of thinking. Lets look at it another way, let's say you got a coupon booklet with prepaid vacations, you would never look at that as an investment. as you use up the coupons (via taking vacations) the value evaporates (well the monetary value). That's a timeshare, it should never be peddled as having any worth at the end of the bargain. (IMO) your points are worth something in trade value.

lol, sorry I just dislike how some timeshare operators peddle these things. they are prepaid vacations, a luxury item. too many folks get burned purchasing with the mindset "I can always sell for a profit".

lol, I always tell folks who ask for an opinion on dvc that it makes folks no money, in fact most people spend more money by going to the world more. no way would I probably go to wdw as much without my points.

I always looked at timeshares as a liability. You have dues that are required every month and most of them are worth nothing on the resale market (if a resale market even exists). One of the selling points that eventually caused me to buy into DVC is that it is a liability with a fixed limit. Eventually my deed will expire and my liability will end. The fact that there is a robust resale market, allowing me to end my liability even earlier (and even return some of my initial spend) is just icing on the cake.

 

[kong1802]

I always looked at timeshares as a liability. You have dues that are required every month and most of them are worth nothing on the resale market (if a resale market even exists). One of the selling points that eventually caused me to buy into DVC is that it is a liability with a fixed limit. Eventually my deed will expire and my liability will end. The fact that there is a robust resale market, allowing me to end my liability even earlier (and even return some of my initial spend) is just icing on the cake.

That is what made it the “greatest timeshare” out there. Now they are removing that, at least to a material degree on the new contracts. They still expire, but the early out is no longer really there in a meaningful way.

 

[nickys]

That is what made it the “greatest timeshare” out there. Now they are removing that, at least to a material degree on the new contracts. They still expire, but the early out is no longer really there in a meaningful way.

I think you can just “hand back the keys” if you just want out.

 

[correcaminos]

Lol...I’m just getting you with friendly fire about “copper creek”...you brought it up and i vented. Sorry...it’s not at you at all

The back story is some clown at Saratoga tried to tell me there was “no comparison” between vwl and “copper creek” last week. Because of “amenities”

To which I said “so what’s stopping those that bought at $55 a point from using them? Or buying a room at the inn for a discounted $240 a night and then wiping their hands and walking away happy and fat? - which I did in September”

Maybe they have massage beds now?

...it got snippy...but that’s not my fault if a DVC employee “comes at me” with such Swiss cheese nonsense.

I’m surmising that 1/19 means “something”...but we may never know what. The more I think about it...the more I think it’s the start of an internal “housekeeping” period for DDC and they will start sales a month or some other time period later. Just speculating.

I get it - I was just a bit confused. I do like Copper Creek though. Used I think my OKW to stay there. Probably some PVB too

While I am not a huge fan of SSR, I love my OKW and I can happily compare all resorts and not care. WL is great, and there is a lot I love. I also miss out on things at other resorts that it doesn't have. So I'm with you, one isn't always that much better. Just ask me how I feel about VGF

I think the timeline was more of people came back after being out for New Year and this was decided. Then officially announced and they gave it 2 business weeks which feels normal. They wanted it out before anything official for Riviera comes out - which it should soon. We basically know nothing about Riviera and the room types it will offer.

I think you can just “hand back the keys” if you just want out.

How so?

 

[nickys]

I get it - I was just a bit confused. I do like Copper Creek though. Used I think my OKW to stay there. Probably some PVB too

While I am not a huge fan of SSR, I love my OKW and I can happily compare all resorts and not care. WL is great, and there is a lot I love. I also miss out on things at other resorts that it doesn't have. So I'm with you, one isn't always that much better. Just ask me how I feel about VGF

I think the timeline was more of people came back after being out for New Year and this was decided. Then officially announced and they gave it 2 business weeks which feels normal. They wanted it out before anything official for Riviera comes out - which it should soon. We basically know nothing about Riviera and the room types it will offer.


How so?

Pretty sure you can contact DVC and effectively voluntarily foreclose.

 

[correcaminos]

Pretty sure you can contact DVC and effectively voluntarily foreclose.

I hadn't heard that one before. You could stop paying your dues and force it too I guess, but a foreclosure will be bad for your credit at least for a while. Could mess with getting a real mortgage.

I've heard a very very rare selling back to DVC but they gave pennies to the dollar for resale. Neither of those is what I consider a viable option really. I'd sooner try the latter than foreclose.

 

[nickys]

I hadn't heard that one before. You could stop paying your dues and force it too I guess, but a foreclosure will be bad for your credit at least for a while. Could mess with getting a real mortgage.

I've heard a very very rare selling back to DVC but they gave pennies to the dollar for resale. Neither of those is what I consider a viable option really. I'd sooner try the latter than foreclose.

I meant the selling back thing, not just stopping paying the MFs. I remember it from when we signed everything when we bought.

IMO, it is a viable option though if you needed out, so you no longer had to pay MFs. You cannot do that with ordinary timeshares, at least not here in the U.K. or Europe. They effectively literally have you until your death, and even then the estate is liable up until you can get a court order cancelling the agreement. DVC does have that get-out clause, and they would just resell your points.

 

[Sirwalterraleigh]

Pretty sure you can contact DVC and effectively voluntarily foreclose.

I hadn't heard that one before. You could stop paying your dues and force it too I guess, but a foreclosure will be bad for your credit at least for a while. Could mess with getting a real mortgage.

I've heard a very very rare selling back to DVC but they gave pennies to the dollar for resale. Neither of those is what I consider a viable option really. I'd sooner try the latter than foreclose.

I imagine that’s the “high road” approach to what they do to get there “resell inventory”....foreclose on morons and take it to sell it more than it was on the car lot