Some * potentially * bad rumours- Now confirmed to be true.

[BevS97]

Originally Posted by loves2plan

If they kill the resale market, you'd think it will make it harder for them harder to sell direct contracts. At present people can buy in knowing that there's a healthy resale market which means they can sell easily if they decide DVC isn't for them, or personal circumstances change. By killing that market, I'd be much more wary of buying in and being stuck with a contract like lots of people who bought in to traditional style timeshare were. I've always wanted to buy in at some point, but doubt I will now

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Totally agree.

[Mr Tom Morrow]

Big discussion going on in the Morrow house right now.

We have 8 contracts totalling 1000 Points bought from $73 and up.
I did a big report ref our Autumn stay and said how bad we felt things had got.
So much so I feel Disney has become a vomit inducing money machine.

My view is to monitor for 6 to 9 months and sell the lot. My Wife is more cautious.

[YorkshireT]

Originally Posted by Mr Tom Morrow

Big discussion going on in the Morrow house right now.

We have 8 contracts totalling 1000 Points bought from $73 and up.
I did a big report ref our Autumn stay and said how bad we felt things had got.
So much so I feel Disney has become a vomit inducing money machine.

My view is to monitor for 6 to 9 months and sell the lot. My Wife is more cautious.

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I had totally missed your report Tom- where is this?

[Mr Tom Morrow]

Originally Posted by YorkshireT

I had totally missed your report Tom- where is this?

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Stand by.

Here we go.

https://www.thedibb.co.uk/forums/sho... php?t=1107790

[YorkshireT]

Lol one of agents had said they are busy selling contracts like crazy to make the 19/1 deadline.

[Dewdropdazzle]

I’ve had my offer at AKL accepted and just emailed DVC resale market to make sure contract is submitted to Disney asap.
Not convinced it’s going to pass though.
Just seen the buy back figures from DVC resale marker for December when my Bay Lake contract got taken back. I can’t believe they didn’t touch bay lake all year and then took all those contracts in December.
We already own direct at Copper Creek so I’m not too concerned but will probably think twice about resale if this one doesn’t pass and we miss the deadline.

[YorkshireT]

Originally Posted by Mr Tom Morrow

Stand by.

Here we go.

https://www.thedibb.co.uk/forums/sho... php?t=1107790

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Good one, just reading now, I had totally missed this.

Edit, read it, agree with all your observations!
Interestingly did you see the price hikes over at Disney Land today? ‘Max Pass’ also hiked, I’m not convinced we will have free fastpasses in 2 years but that’s conjecture.

[lov2dibb]

Originally Posted by YorkshireT

I think they only kill the resale market (not kill it but reduce the resale contract drastically in price) initially with Riviera, which is why I would not buy it in a month of Sundays. The whole resale market will eventually be 'killed' but only when the older resorts go offline.

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Sounds like they are playing a long game here and happy to take any initial hostility with these restrictions. In time, when the old resorts expire they'll have a whole new batch of resorts and new owners to play with. Interesting, but I won't be around then to see the outcome.

I'm not sure where this leaves us now with our current points. I have been considering selling some but this has confused me - sell right now or wait and see what happens over the next few months? I just don't know - any ideas folks?

[skstorm]

Originally Posted by YorkshireT

If you were buying in now I would suggest an offer pronto on the basis that they get it in for ROFR before 19/1. Then you would be able to stay in the latest resorts. But even if you bought after this date you could still stay in the current 14.

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I would agree with this and very happy mine passed ROFR now - I would like to complete ASAP after reading this just to be on the safe side. Tweety if you are still thinking about buying in you might want to look at offering as soon as possible and getting it into ROFR.

[gavvy]

There is an upside, going forward there will not be as many chasing the 7 month window at legacy resorts as they will be fixed to their home resort.

I own at BWV and I think by its expiry I would have had a gutful anyway of WDW and the pricing strategy so would not be upset at no contract extension.

If this is sucessful I can see it rolling out to the legacy resorts... buying where you want to stay really is the bet advice that we have all known but not really taken onboard