The more I think about it, the more I think selling DVC would help current owners.
Pre-Covid, the plan was to keep pumping out mediocre location beasts of hotels, like Riviera, with escalating costs and charts, hundreds of rooms, millions of points. If consumers have reached the limit, and Riviera is just too expensive, that plan won't work.
There's no way Disney will allow some other company to make a new timeshare and peddle it in the parks. If Disney is shutting down the whole operation, kind of like how it is right now, there's no new construction. Assuming someone can run these competently, that makes old resorts worth more and more, like resale value has done since Covid.
If there's no new construction, it's game over. I just can't imagine Disney trying to be a resale broker and setting up a bunch of kiosks for a $60 spread on SSR points, managed by Marriott, so you can get a sweet merch discount and trade into Riviera.
I don't see an exit strategy for the whole model. Eventually, the point cost and the charts will be too high. Maybe it's there now?
I can see a Golden Oak Vacation Club working, a very expensive version that actually gets special treatment. No kiosks needed.
Thanks for coming to my TED talk. Buy where you want to stay LOL.