aliceismad
Well-Known Member
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Ready to buy, push me over the edge
- Thread starter CaptainAmerica
- Start date
nickys
Premium Member
So now it goes to ROFR. Fingers crossed for you.
So hang on a second...
I'm trying to make sense of the current 50% borrowing restriction because it doesn't make a ton of sense to me. Wouldn't it be in everyone's interest if they allowed people to pull more points out of post-vaccine 2022 to be spent in pre-and-mid-vaccine 2021? The restriction seems to be locking those points into what will likely be a higher-demand period.
(I knew all of this going in, so I'm not surprised. I'm just trying to think through the logic.)
I'm trying to make sense of the current 50% borrowing restriction because it doesn't make a ton of sense to me. Wouldn't it be in everyone's interest if they allowed people to pull more points out of post-vaccine 2022 to be spent in pre-and-mid-vaccine 2021? The restriction seems to be locking those points into what will likely be a higher-demand period.
(I knew all of this going in, so I'm not surprised. I'm just trying to think through the logic.)
nickys
Premium Member
It was introduced to try and allow people with points that were going to expire to be able to book something - to avoid the backlash if there was no availability. That made sense at the time. Plus some people were still to receive their “extended” points which were given to people who lost points, as these could only be given at the start of their new use year.
To some extent it still has a place, to try and ensure as few people as possible lose points through not being able to book anything before they expire.
Now allowing people to borrow more points to book in the short term, whilst there is still plenty of availability, seems like a good move. Allow them to use up the points within say 2 months from booking. However the problem is, there would be nothing to stop people borrowing all their points and booking a stay with no intention of using it, and then just rescheduling for two months away, and then again, and again. That then might prevent people with smaller contracts being able to book anything before their next lot of points expire. Making a change to prevent that would penalise people who had genuine reasons to do it.
I think it will be here to stay for a while. Until the extra points in the system start to diminish. Kind of spreading the pain, in the hopes that most members will be able to use at least some of their points.There are still lots of members who cannot use their points because of travel restrictions. Like me. I’ve rented the best part of two years’ worth of points out now, or given them to friends. Hopefully I’ll be able to use the next lot.
None of us understand it either.
Hmm, had not thought about jerks jumping their reservations every 2 months. Just like I would never think to walk a reservation, and would never do this either.
nickys
Premium Member
Thing is they might not intend to. That would be the extreme. But maybe they find they can’t go b/c of quarantine restrictions, school dates changing or even get sick. But those borrowed points are now good to use. Making system changes to try and track those points would be time consuming, glitchy and expensive.
Yes.
Okay so I'm not crazy. I was looking at points charts and thinking how great it would be to be able to borrow my full 2022 slate for my 2021 Aulani trip when the place will be pretty empty and half of the amenities shut down. Instead, those points are locked into 2022 when everyone will have a pocketful of stimulus and a two-year itch to travel.
The other thing I'm having a hard time wrapping my head around is the Riviera restriction. I hate Riviera with a passion so I'll never stay there anyways, but it seems like it's going to create an inventory problem when there is a one-way use restriction. Riviera owners can book at all of the resorts but the other resort owners aren't able to book at Riviera. Doesn't that create an inventory surplus at Riviera and a shortage at all of the other resorts?
correcaminos
Well-Known Member
With resale Riviera will only be able to book Riviera, not the other resorts. The other resale owners can book anywhere but Riviera. Obviously direct can book wherever. I think it might cause an issue at RR in the future, but sometimes I waffle on that since eventually, resales won't be booking there either. But the opposite of what you think will likely become true - harder to book at RR since RR resale cannot book anywhere but home. Maybe...
Only people who buy direct at Riviera (or any current resort) can book all the resorts. Since you are buying resale, you won't be able to stay there on points. People who buy resale at Riviera can only use those points at Riviera. This was due to people complaining that the ability to reserve at 7 months was becoming increasingly difficult, especially during busier times. So now when a person buys resale at Riviera, they are locked in there, and won't be competing with anyone for the other resorts. Of course, that gives them the 11 month window at Riviera, which may reduce availability for non-owners to book there, but as we've seen, most probably won't anyway.
nickys
Premium Member
Anyone who bought before Jan 2019 can book at Riviera. The only people screwed by this really are Riviera resale owners. It might mean that they have to book by 9-11 months or risk not being able to use their points.
Sirwalterraleigh
Premium Member
Fingers crossed for you!
When I did a financial analysis, I also came up with Saratoga or Animal Kingdom as our best choices, with the numbers favoring SSR but my heart favoring AK, as it is one of my favorite resorts at WDW. (My husband, however, feels strongly that if we buy, we should buy where we'd most like to stay and those resorts make much less financial sense to me, so we are at a stalemate.)
I’d love to add at beach club or boardwalk...but that makes zero sense
So if and when (prolly 2022) we add...it shall be dakl
It is the best they’ve ever built (jambo)
*cough*aulani*cough*
Sirwalterraleigh
Premium Member
At the time of that policy change...it seemed like a scam...
...not much has changed. Enjoy Caribbean
I think a lot of people look at Riviera and think, “Why not just book a nice room at the Four Seasons or somewhere else?”. I have no desire to stay there, the points are outrageous and it’s just so... meh.
Sirwalterraleigh
Premium Member
Apples and oranges.
It’s a stand-alone.
It’s on the most touristy spot on the most touristy island (Urban sprawl Oahu)
And it was such a bad idea...that they were forced to let Joe obliterate budgets on it and still can’t sell it.
Now...on the plus side it turned out great. So that’s a rare “win” for joe consumer.
Sirwalterraleigh
Premium Member
I was spoiled on the concept because I literally used to work on the same spot...so I’ll be fair there. But I was thinking I was wrong.
But then when I saw the point chart, the awful concrete facade, and the goofy Vegas pool with the mismatched character statue thrown in there...
...I knew never to doubt that instinct again
