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

[YorkshireT]

I don't want to be spreading false rumours, but these seem to be coming from multiple sources.

The first one is that DVC is going up substantially in price, Beach Club up by $40 a point for example. This is supposedly happening January 19th.

The second, much more concerning one, is that they are also going to announce trying to limit resale buyers' access to 'new resorts'. What that means I do not know. I am sceptical of this, as it could trash resale prices (and thus direct prices) and also I cannot see how someone at, say Riviera could legally trade into Saratoga, but someone at Saratoga cannot trade into Riviera.

With the points reallocation and dues, I sincerely hope the latter is fake rumours by people trying to sell more direct timeshares. We will find out soon enough...

EDIT- seems now to be confirmed by DVC Resale Market

[YorkshireT]

This is also interesting, even DVC Resalemarket (who IMO price high) had 27% of their contracts bought back on ROFR last month- a record- with them predicting this is because big price increases are coming on sold out resorts.
dvcresalemarket/blog...ber-18-report/

[Tweety1]

Originally Posted by YorkshireT

I don't want to be spreading false rumours, but these seem to be coming from multiple sources.

The first one is that DVC is going up substantially in price, Beach Club up by $40 a point for example. This is supposedly happening January 19th.

The second, much more concerning one, is that they are also going to announce trying to limit resale buyers' access to 'new resorts'. What that means I do not know. I am sceptical of this, as it could trash resale prices (and thus direct prices) and also I cannot see how someone at, say Riviera could legally trade into Saratoga, but someone at Saratoga cannot trade into Riviera.

With the points reallocation and dues, I sincerely hope the latter is fake rumours by people trying to sell more direct timeshares. We will find out soon enough...

See more...

Surely they can’t do this? Would this just be for new resale buyers or does it suggest everyone? This would be a complete blow for owners

[Mr Tom Morrow]

YT. As always an interesting post, good find.

The $40 +/- doesn't surprise me in the slightest as they seem to be riding on the crest of a wave at the moment. Plus their financial arrogance knows no bounds.

[Bella1]

Originally Posted by Tweety1

Surely they can’t do this? Would this just be for new resale buyers or does it suggest everyone? This would be a complete blow for owners

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I would think it would only be for new Resale buyers, in the past they seem to have grandfathered in rights. I still can't see how it would work, I think they would be more likely to change the booking window for Resale contracts, perhaps no 11 month advantage? Otherwise I can't see how they would be able to cope with the lack of inventory available for Direct owners who want to sample all the resorts.

[YorkshireT]

Originally Posted by Bella1

I would think it would only be for new Resale buyers, in the past they seem to have grandfathered in rights. I still can't see how it would work, I think they would be more likely to change the booking window for Resale contracts, perhaps no 11 month advantage? Otherwise I can't see how they would be able to cope with the lack of inventory available for Direct owners who want to sample all the resorts.

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We are all guaranteed at least 1 month home resort priority. At least that is what the contracts say, I am not convinced anything is guaranteed now.

What we are not guaranteed is an equal 7 months booking at other resorts.

Multiple people are saying they have been told by guides in the last few days that resale buyers will not be able to book 'new' resorts.

If true, I can only think that with Riviera they will be setting up a different type of contract, perhaps a separate club. Then resale buyers will be barred from exchanging inter club.

I would have thought though that creates legal issues- using SSR as an example, if as an SSR owner, I cannot trade into Riviera, why should Riviera owners be able to trade into, and use the facilities I pay for at SSR?

Unless they would say X amount of people own direct points at SSR and thus X amount of the new people at the new resorts can trade into SSR as those direct people can trade out?One would have thought though that would create a bottleneck. I suppose though if they grandfather in current owners, it will be a relatively small percentage of 'new' resale buyers who are hit- albeit that percentage would grow. Then again if they destroy the resale market or badly diminish it, perhaps that number would not grow too quickly.

I think all contracts would go down in resale value- effectively damaging our holdings to try and sell more direct points. I thus hope this isn't what is being planned, as that would mean a multi billion dollar company, that had the only trustworthy timeshare product (which it has made billions from because it is trustworthy) losing trust with so many members. I would also think diminishing resale values would hit direct sales- then again if they are considering this then they will have crunched the numbers and they probably even know a high proportion of people buy on impulse with no research, and give little thought to resale value.

As stated, no evidence of this yet, aside from what multiple people claim to have been told, but I am concerned. I would be even more worried if i was a resale broker.

[YorkshireT]

Nick who runs DVC Resalemarket has even said he has heard rumours and is trying to get confirmation of what is going on. Someone also claims their guide has put this in writing.

Again all rumours, don't shoot the messenger if turns out to have no merit but I figured when I see something reported by multiple people as being told to them by DVC Guides, in a small time frame, its a rumour you would probably want to hear about.

[YorkshireT]

Oh no- here it is!
dvcresalemarket/blog...ncRka_R94YbQUg

[YorkshireT]

Thank goodness I got my latest resale points in time. It means I can still go to the new resorts as can anyone who went through ROFR to date. Otherwise no go into Riviera and future resorts, you can only use them in the original 14.
This will i think put some dampener on resale contracts.

Edit - having thought about it more, maybe this will make the older resale contracts seem even better- all 14 resorts. No way would I buy Riviera as anyone buying that resale can only book there- what happens if it is booked up? It will be cheap on the resale market I imagine.

[YorkshireT]

Resale will be dead for Riviera- you will only be able to use it there. That would rule me out of buying there full stop- it will have its value hammered on resale.