ROFR Thread January to March 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Lil Micky]

Lil Micky---$59.24-$60320-1000-AUL-Feb-0/23, 32/24, 0/25-seller pays MF '24- sent 2/20, passed 3/6

There’s a first for everything, but <$60 still wasn’t enough to wake the Aulani ROFR Beast.

 

[Cfabar1]

To your last point I had just seen a job posting on their careers site titled "Club strategy & development manager, Disney Vacation Club" so someone here who is already a member should apply and make sure the path forward makes sense for current owners and future buyers so that this doesn't follow that same route.

Maybe I will apply!

 

[Chili327]

Where is everyone finding the .jpeg DVC resort logos that are included in some of your message signatures/footers?

Mine are from the DVC website. When you go to check availability select the resorts you want and there will be a header image for each one.
Then you just need the url of the image, and put that into your signature.

 

[Dawg74]

Do you mind telling what the asking price was.

My client finally paid me so my fun money account can now go to work.

They were asking 90 per point, we weren’t sure if 80 was too low but thought we would try it.

 

[Bearval]

The lack of ROFR may be slowly lowering prices, but we are still a long way from the bargain basement approach of other timeshares.

Staying on property at Disney will always have a certain amount of cachet. I sincerely doubt that we are going to see these go to $1 on eBay ever.

Where I do think Disney has to be careful is ensuring that the DVC properties hold at least "some" value... Without that, they will end up like so many of these other timeshare products that can't expand anymore because the reputation they have is the timeshare is a ripoff.

I am going to have to disagree here. Disney doesn't care about resale values anymore (if they ever really did) the fact that they have kept adding restrictions every couple of years until they the last one where resale of the newer resorts can only stay at that one resort finally had a significant impact. Disney's main target is the first time DVC buyer. Resale will always maintain a significate value (compared to other timeshare resorts) due to location and being in the Disney bubble but unlike in the past the values will go down inline with how much time is left on the contract. Resale of the newer properties with the resale restrictions will no longer be worth more in resale than what the direct price was when first offered for sale. I don't see DVD ever exercising ROFR again for the legacy resorts in any large numbers but I do see them using ROFR on newer resorts such as RIV when it is sold out and then can get them at rock bottom prices to resell as direct again without restrictions.

 

[bakerr6]

I am going to have to disagree here. Disney doesn't care about resale values anymore (if they ever really did) the fact that they have kept adding restrictions every couple of years until they the last one where resale of the newer resorts can only stay at that one resort finally had a significant impact. Disney's main target is the first time DVC buyer. Resale will always maintain a significate value (compared to other timeshare resorts) due to location and being in the Disney bubble but unlike in the past the values will go down inline with how much time is left on the contract. Resale of the newer properties with the resale restrictions will no longer be worth more in resale than what the direct price was when first offered for sale. I don't see DVD ever exercising ROFR again for the legacy resorts in any large numbers but I do see the using ROFR on newer resorts such as RIV when it is sold out and then can get them at rock bottom prices to resale as direct again without restrictions.

I agree with most of your thoughts,aside from resale not surpassing the original purchase price for newer resorts. Disney will continue to increase direct cost, which will in turn help maintain resale prices on newer resorts. This will only be amplified once the original 14 are in their last few years as you remove a significant amount of absolve points from resale.

The only thing that would change that potential outcome is if they did provide an extension program for the original resorts. I would still think with Disney's historical price increases, resale will continue to climb when the economy is in an expansion.


I don't ever see a scenario where they increase in the same amount as the original resorts. The program is too saturated at this point.

 

[Bearval]

I agree with most of your thoughts,aside from resale not surpassing the original purchase price for newer resorts. Disney will continue to increase direct cost, which will in turn help maintain resale prices on newer resorts. This will only be amplified once the original 14 are in their last few years as you remove a significant amount of absolve points from resale.

The only thing that would change that potential outcome is if they did provide an extension program for the original resorts. I would still think with Disney's historical price increases, resale will continue to climb when the economy is in an expansion.


I don't ever see a scenario where they increase in the same amount as the original resorts. The program is too saturated at this point.

The US economy has been in an expansion since April 2020 and resale prices have been dropping. RIV with all of the restrictions and an expiration of 2070 resale price is on par with BLT which expires in 2060. RIV is going for less than CCV that expires in 2068. Direct and resale of the new resorts are entirely two different products now.

 

[Chia1974]

@Chia1974 Was there a lot of fees or something with this?
$1,000 in fees seems like a lot. (especially if seller is paying them. lol)

$3328 includes purchase price plus closing plus’24 dues and admin fees. Seller is paying admin fees of $225. Closing is not cheap for a small contract.

 

[bakerr6]

The US economy has been in an expansion since April 2020 and resale prices have been dropping. RIV with all of the restrictions and an expiration of 2070 resale price is on par with BLT which expires in 2060. RIV is going for less than CCV that expires in 2068. Direct and resale of the new resorts are entirely two different products now.

While I agree that the economy is still in an expansion, the primary driver of this was covid, where we experienced a negative gdp of almost 3%, where the contraction was the most in us history for 2Q. The GDP decline was caused more by supply chain issues than demand.

We are still suffering supply chain issues in many industries, but most have been alleviated. Even if demand has dropped (which we have seen in many industries, such as travel and auto), the overall GDP will continue to climb as more supply is available.

Your comparison of a resort in active sales vs a resort that is sold out is also a bad comparison. A more fair comparison would be vgf n October 2024, as the resort will have been sold out for 12 months. While I do agree there may be more hesitation for resale with Riviera, we haven't seen the full impact on resale since it is still readily available direct.

I guess really only time will tell. I would expect the overall growth rate to be around the average inflation rate.

A better indicator of how dvc prices trend would be to look at pre-covid. I think the total growth was around 2% annually. I really wouldn't want to hypothesize on how the expiration of the original resorts will impact pricing.

 

[HIRyeDVC]

The program is too saturated at this point.

This is the only part I feel sure of. The ever increasing supply juxtaposed with ever decreasing demand.

 

[AstroBlasters]

Do elaborate if you choose to be derogatory.

I appreciate the offer, but I will politely decline.

 

[mgeologist]

mgeologist---$49-$8990-135-HHI-June-0/23, 270/24, 135/25- sent 3/7

 

[HIRyeDVC]

mgeologist---$49-$8990-135-HHI-June-0/23, 270/24, 135/26- sent 3/7

Whoa. You can pretty much make up for this cost with 2 stays at WDW! Congratulations!

 

[mgeologist]

Whoa. You can pretty much make up for this cost with 2 stays at WDW! Congratulations!

Thanks! We live a couple of hours away so it is a great way to get a quick disney fix. Couldn't pass it up when they agreed to the price.

 

[Chili327]

BAHAAA, HAA....

Do elaborate if you choose to be derogatory.

Yes please, elaborate?

 

[wilkydelts]

Yes please, elaborate?

I did not put any inferences into my comments, therefore there is nothing to elaborate. I found that posters comments on the economy hilarious.

 

[AstroBlasters]

Yes please, elaborate?

I believe this is where a Mod comes in and says to stay on the topic of the thread (ROFR and DVC pricing).

 

[Bearval]

mgeologist---$49-$8990-135-HHI-June-0/23, 270/24, 135/26- sent 3/7

The beach resorts ( HHI & VB) in a few years could wind up costing more in MFs than a cash booking.

 

[Chili327]

BAHAAA, HAA....

So you feel pretty confident that this is self explanatory?

I believe this is where a Mod comes in and says to stay on the topic of the thread (ROFR and DVC pricing).

Agree, I’ve spent a lot of time in the controversial section lately. lol

 

[tom1944]

Do elaborate if you choose to be derogatory.

Isn’t it shown in the data?