Who would be paying to book a reservation at a non home resort?...
I think it is much more likely that they will implement a one time fee at the time of a reservation to book a different resort, since they included it in the POS.
Who would be paying to book a reservation at a non home resort?
Thank you for the clarification. I did not know that.The RIV POS allows Disney to change their mind on restrictions and create different rules for different members, including allowing some members to set up some payment system to qualify resale points.
So, it could be something offered to Riv resale buyers to allow them to use points outside of RIV. Again, this is something they could do and IMO, it was a way to cover all bases down the road to do whatever they want for resale owners.
Thank you for the clarification. I did not know that.
I wonder why they had you sign it? I mean buying DRR can only be done direct so this shouldn’t impact you in any way.Matter of fact, when we signed the papers, they had that specific information, not only in the POS, but printed out for us to sign and acknowledge so that there was no way one could say you didn’t read it or understood the resale restrictions and changes they could make with regards to it.
I wonder why they had you sign it? I mean buying DRR can only be done direct so this shouldn’t impact you in any way.
Unless they wanted to provide you with information that if or when you sell your interest that the buyer would face multiple obstacles when using the points.
They have set up the POS provisions for Riviera to allow it to change the resale restriction by various methods and it is unlikely you would see the striking of the restriction before others are attempted. Assuming DVD ever thinks a change is needed, my sense is that the methods to be tried first would be ones that also sell more points from DVD, e.g., easing the Riviera resale restriction via a program used by some other timeshares under which one can convert resale points to regular points by buying a new set of regular points from DVD, e.g., buy 150 new points and you also get to convert a 150 resale points that you own to having no resale restrictions.
Interesting read on DVCNews about the latest resort selling badly and rumblings about management concern about high point cost, insane point charts, and relative room costs in the same area affecting sales.What's the latest rumors and/or buzzing about the resale restrictions?
Any more talk of Disney considering removing the restrictions?
I agree with everything you said. I was rabid for Rivera before it opened. I had a decent chunk of change set aside as a downpayment to buy there, but then Disney started jerking us around. I probably would have bought at least 300 points there. But now its nada, zilcho, zero. And I can assure you that unless Disney starts to support DVC members better, whether they are Direct or Resale (I am both) then the same thing will go for Reflections, and I will never own there.I was very much looking forward to purchasing an add on at DRR. It would have been a done deal pre-opening if the restrictions on resale purchasers hadn't made me think again. Since we would probably be selling within 5 years, the numbers weren't even close to working out given the likelihood of lower resale prices..
I am now grateful for the restrictions, LOL. It helped get some of the pixie dust out of my eyes.
If not for the resale restrictions, we would be pursuing a direct contract with Riviera.
But because of the restrictions (as well as point charts), we are pursuing AKL.
I absolutely love everything about the Riviera - LOVE LOVE LOVE IT!
But those restrictions (and potential saturation with resale contracts only have those rooms to stay in) have steered me far away!
We will be quite happy with AKL
Interesting read on DVCNews about the latest resort selling badly and rumblings about management concern about high point cost, insane point charts, and relative room costs in the same area affecting sales.
The article states:
"According to a Disney Vacation Club source, the decrease in [New Resort] sales has executives very worried. Late last week, conference calls were held with members of the sales staff in an attempt to identify reasons behind the weak performance. Despite luxurious accommodations and spacious rooms, feedback from potential buyers suggests that they are most troubled by the high acquisition cost of the points and the number of points required for each night in [The New DVC] villas. The resultant "points shock" has left interested parties considering other vacation club properties, investigating the resale market or foregoing DVC altogether."
I can believe that there is chatter about concerns around sales. Pete Werner has mentioned it several times on his show and I have no reason to doubt his sources; I just don't put much stock in that leading to any meaningful change or a reversal.
Full article can be found here:
https://dvcnews.com/index.php/dvc-p...-concerned-about-recent-grand-floridian-sales
Despite all the "concerns" from management, there was never a reverse course. There was no price drop. In fact, the people who bought in on Day 1, paid the best price Disney ever offered for the Grand Floridian.
I'm not saying Riviera is the Grand Floridian, that the the resort itself offers all the same things the Grand Floridian does, or that high point charts are of equal detriment to the ecosystem as the resale restrictions. I'm only saying that most buyers won't care, and that Riviera will sell out. And just as the market became acclimated to the high point charts (PVB continued that trajectory - and save for the VWL affect, CCV probably would've done the same), resale restrictions aren't going to go anywhere and buyers will only know the new reality.
Now more than ever, "buy where you want to stay" is sound advice. If Riviera checks all your boxes, buy it. If incentives make prices go down at all, it will be a the cost of a lost UY by standing on the sidelines waiting for any rumors/buzzing to come to fruition. More likely, prices will just keep climbing.
With every new resort that comes online this will be the new normal, and with every new owner that comes into the system, this "new normal" will be just the way Disney's timeshare works.
I can’t see this article Bing where is it?
DVD will reach a saturation point or at least a temporary one where the amount of points available is going to exceed the price point on what potential buyers are willing to pay. They may be reaching this now and if that is the case removing the restrictions is not going to improve the sales, what will improve the sales is a lower price . Either by lowering the price per point or the number of points needed to book, they cannot lower the yearly dues since this is supposed to be breakeven with a portion of the funds in a reserve.Interesting read on DVCNews about the latest resort selling badly and rumblings about management concern about high point cost, insane point charts, and relative room costs in the same area affecting sales.
The article states:
"According to a Disney Vacation Club source, the decrease in [New Resort] sales has executives very worried. Late last week, conference calls were held with members of the sales staff in an attempt to identify reasons behind the weak performance. Despite luxurious accommodations and spacious rooms, feedback from potential buyers suggests that they are most troubled by the high acquisition cost of the points and the number of points required for each night in [The New DVC] villas. The resultant "points shock" has left interested parties considering other vacation club properties, investigating the resale market or foregoing DVC altogether."
I can believe that there is chatter about concerns around sales. Pete Werner has mentioned it several times on his show and I have no reason to doubt his sources; I just don't put much stock in that leading to any meaningful change or a reversal.
Full article can be found here:
https://dvcnews.com/index.php/dvc-p...-concerned-about-recent-grand-floridian-sales
Despite all the "concerns" from management, there was never a reverse course. There was no price drop. In fact, the people who bought in on Day 1, paid the best price Disney ever offered for the Grand Floridian.
I'm not saying Riviera is the Grand Floridian, that the the resort itself offers all the same things the Grand Floridian does, or that high point charts are of equal detriment to the ecosystem as the resale restrictions. I'm only saying that most buyers won't care, and that Riviera will sell out. And just as the market became acclimated to the high point charts (PVB continued that trajectory - and save for the VWL affect, CCV probably would've done the same), resale restrictions aren't going to go anywhere and buyers will only know the new reality.
Now more than ever, "buy where you want to stay" is sound advice. If Riviera checks all your boxes, buy it. If incentives make prices go down at all, it will be a the cost of a lost UY by standing on the sidelines waiting for any rumors/buzzing to come to fruition. More likely, prices will just keep climbing.
With every new resort that comes online this will be the new normal, and with every new owner that comes into the system, this "new normal" will be just the way Disney's timeshare works.