eliza61nyc
Well-Known Member
Naw, it's more like they are saying "membership has it's priveleges". Which is not uncommon. just how I see it, though, lol I am not an expert on anything.
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Resale Prices Down?
- Thread starter Club Cooloholic
- Start date
Naw, it's more like they are saying "membership has it's priveleges". Which is not uncommon. just how I see it, though, lol I am not an expert on anything.
Well now you are moving off your own analogy.
eliza61nyc
Well-Known Member
lol apologies. I was just thinking that at it's basic, Disney is saying "you want the best privileges, buy direct". that's all. the quote was a play on an old American express commercial.
No I get what you mean, but this is not a country club where you have to be a legacy or vouched for, or even a credit card where you can be turned down. If you are willing to pay, you can get it. The only reason these policies are in place is to make them more money, they can buy back low contracts and "resell" them at a higher price than what they originally were. Now they are trying to limit the ability of the customer to do the same .
eliza61nyc
Well-Known Member
And that's a problem?? I have a product, everyone wants that product, I'm selling and reselling them at the best possible price for me. I am definitely going to stack the odds in my businesses favor.
So you're saying they shouldn't try and get the max they can for their timeshares? No matter how many times it's sold?
Maybe I'm misunderstanding why the mousekeeper are doing this. I thought it was so customers will buy directly from them? what am I missing?
You do realize this was a discussion on why resale might be down. If you want to get into a corporate ethics discussion that is something else, or even if this is a good long term strategy (something one should care about since the maintenance of these units depends on all of us paying in and keeping it up). And do not call it a timeshare, they won't and with the way they can manipulate it it is obviously not that.
Resale at the original 14 is not down, and since there aren't any Riviera resales, no one can know what might happen to those in the future with the new restrictions. We can think that resales might be hurt, but we just don't know yet. There will be 2 sets of people that buy resale at Riviera. Both groups will want the 11 month booking window, and the lower cost to buy in. One will, of course, be the current owners who stay there, love it, but don't want to use their current points there, so buy enough resale to stay there as often as the wish, and for the length of time that they wish. The other group will be new resale buyers that love the resort, and don't care about staying anywhere else. Heck, there are already many current direct buyers that stay only at their home resort now, and don't even think of staying anywhere else.
eliza61nyc
Well-Known Member
I do, I was trying to understand the correlation between Rivera's restrictions and the resale price.
Lol, now as far as what Disney calls it...what's that old saying you can stick lipstick on a pig, it's still a pig.
Lensman
Well-Known Member
Since we're still discussing whether prices are down, I thought I'd post dvcresalemarket's analysis of March 2019 sales:
www.dvcresalemarket.com
And since someone was asking about ROFR, here's their report on ROFR YTD March 2019:
www.dvcresalemarket.com
I don't really see a trend, and certainly don't see resale prices dropping off a cliff. Note that these are completed sales. Also, since the prices aren't adjusted for contract size or current point availability, you'll see some natural variation between months.
As I said before, the resorts to watch out for are AKV, BRV, OKW, and SSR. The other resorts are bought by people who want access to the 11-month window for those resorts.
Also, please remember that this thread was created to discuss whether resale prices are down as a result of the new Riviera booking policy for resale contracts. Most of the conversation around the new point restrictions on Riviera resale contracts and legacy resort resale contracts have been happening in a dedicated thread over in the News forum:
forums.wdwmagic.com
Average Sales Prices for March 2019 | DVC Resale Market
The average sales price of Disney Vacation Club resale contracts categorized by resort and month sold for March of 2018 through March 2019.
www.dvcresalemarket.com
And since someone was asking about ROFR, here's their report on ROFR YTD March 2019:
Right of First Refusal (ROFR): March 2019 | DVC Resale Market
In 2019, the chances a DVC contract is bought back continues to be highly resort dependent. Access data on buy backs for DVC resorts from March 2018 to 2019.
www.dvcresalemarket.com
I don't really see a trend, and certainly don't see resale prices dropping off a cliff. Note that these are completed sales. Also, since the prices aren't adjusted for contract size or current point availability, you'll see some natural variation between months.
As I said before, the resorts to watch out for are AKV, BRV, OKW, and SSR. The other resorts are bought by people who want access to the 11-month window for those resorts.
Also, please remember that this thread was created to discuss whether resale prices are down as a result of the new Riviera booking policy for resale contracts. Most of the conversation around the new point restrictions on Riviera resale contracts and legacy resort resale contracts have been happening in a dedicated thread over in the News forum:
News - New DVC Resale Restrictions Regarding Riveria and Reflections Resorts
My wife just discovered this bit of news in the DVC resale world that goes into effect following January 19th of the 2019 calendar year. If you buy a resale contract at any of the currently existing resorts, you will not be able to use those resale points at either the upcoming Riviera Resort...
8 dollars down on AKL is pretty big.Since we're still discussing whether prices are down, I thought I'd post dvcresalemarket's analysis of March 2019 sales:
View attachment 367454Average Sales Prices for March 2019 | DVC Resale Market
The average sales price of Disney Vacation Club resale contracts categorized by resort and month sold for March of 2018 through March 2019.
And since someone was asking about ROFR, here's their report on ROFR YTD March 2019:
Right of First Refusal (ROFR): March 2019 | DVC Resale Market
In 2019, the chances a DVC contract is bought back continues to be highly resort dependent. Access data on buy backs for DVC resorts from March 2018 to 2019.
I don't really see a trend, and certainly don't see resale prices dropping off a cliff. Note that these are completed sales. Also, since the prices aren't adjusted for contract size or current point availability, you'll see some natural variation between months.
As I said before, the resorts to watch out for are AKV, BRV, OKW, and SSR. The other resorts are bought by people who want access to the 11-month window for those resorts.
Also, please remember that this thread was created to discuss whether resale prices are down as a result of the new Riviera booking policy for resale contracts. Most of the conversation around the new point restrictions on Riviera resale contracts and legacy resort resale contracts have been happening in a dedicated thread over in the News forum:
News - New DVC Resale Restrictions Regarding Riveria and Reflections Resorts
My wife just discovered this bit of news in the DVC resale world that goes into effect following January 19th of the 2019 calendar year. If you buy a resale contract at any of the currently existing resorts, you will not be able to use those resale points at either the upcoming Riviera Resort...
GoofGoof
Premium Member
Good info.Since we're still discussing whether prices are down, I thought I'd post dvcresalemarket's analysis of March 2019 sales:
View attachment 367454Average Sales Prices for March 2019 | DVC Resale Market
The average sales price of Disney Vacation Club resale contracts categorized by resort and month sold for March of 2018 through March 2019.
And since someone was asking about ROFR, here's their report on ROFR YTD March 2019:
Right of First Refusal (ROFR): March 2019 | DVC Resale Market
In 2019, the chances a DVC contract is bought back continues to be highly resort dependent. Access data on buy backs for DVC resorts from March 2018 to 2019.
I don't really see a trend, and certainly don't see resale prices dropping off a cliff. Note that these are completed sales. Also, since the prices aren't adjusted for contract size or current point availability, you'll see some natural variation between months.
As I said before, the resorts to watch out for are AKV, BRV, OKW, and SSR. The other resorts are bought by people who want access to the 11-month window for those resorts.
Also, please remember that this thread was created to discuss whether resale prices are down as a result of the new Riviera booking policy for resale contracts. Most of the conversation around the new point restrictions on Riviera resale contracts and legacy resort resale contracts have been happening in a dedicated thread over in the News forum:
News - New DVC Resale Restrictions Regarding Riveria and Reflections Resorts
My wife just discovered this bit of news in the DVC resale world that goes into effect following January 19th of the 2019 calendar year. If you buy a resale contract at any of the currently existing resorts, you will not be able to use those resale points at either the upcoming Riviera Resort...
I do think there’s some seasonality to prices as well. I think the first quarter (Jan-Mar) has traditionally seen lower direct sales for DVC so it makes sense that resale prices may drop a little then and climb in the summer. It’s not a hard and firm rule, more like a trend.
True...did not think of that
GoofGoof
Premium Member
I don’t know if it’s the holiday season (and credit card bills that follow) but it seems historically there is less DVC activity in general from Nov until early spring. Maybe tax refunds and corporate bonuses jump start sales around that time. That being said I think it all depends on contract size and availability. Smaller contracts tend to sell for more in the resale market than larger ones so a bunch of small sales can easily skew the data for a month or 2.
eliza61nyc
Well-Known Member
If I was willing to do the work I would have reserved something to rent to the star wars fanatics opening week in the fall!
GoofGoof
Premium Member
I got in at BLT for $90. One of the best decisions ever. I’ve had a bunch of good trips using the points and could actually sell today at a nice profit.
correcaminos
Well-Known Member
None here
Lensman
Well-Known Member
1. You can still write off interest on a mortgage on a vacation home, but you shouldn't finance a DVC purchase.
2. You can write off property taxes paid as part of your annual dues. This was minor ($60 I think) and the effect is now zero since I'm capped on my State and Local Tax deductions.
It's not really a tax benefit, but in my DVC analysis, the "alternative" scenario that I consider is investing the money instead and using the "interest" returns to rent lodging. When doing this part of the analysis, you either need to account for the taxes that you pay on that interest or you have to use high quality municipal bonds since they are Federal tax free.
If this off-topic discussion goes any further, we should consider opening a new thread on the tax considerations for timeshares. It's off-topic for this thread on resale prices.
GoofGoof
Premium Member
@Lensman listed the 2 potential benefits for your federal taxes. Not much of a benefit.
One other tax thing to consider. There’s no sales tax to pay. With a hotel room at WDW you pay the 12.5% sales tax. With DVC you don’t pay sales tax on the initial purchase and there’s no sales tax on your annual dues.