After 18 months of pondering and wavering I finally decided to buy into DVC this past weekend (yea!). My partner, son, and I wanted to be as close as possible to HS, with Epcot a close 2nd. I didn't have the patience to wait another 18 months or 2 years to see how the new resell rules would play out at Riviera, so despite the 2042 end date, we bought at Boardwalk. The 2042 end date makes me nervous and if Riviera didn't have the new rules, we would have likely bought there (although, it didn't help that the Skyliner, the main link between Riviera and HS, was down during our trip).
The past couple days I have really been trying to figure out why DVC changed the rules starting with Riviera and I wonder, is it possible that it has something to do with establishing precedent regarding how Disney plans to handle the end of the 2042 contracts? Let me explain. From what I understand, the 2057 extension at OKW was a flop and has been an administrative nightmare. As such, many folks don't seem to think that DVC will offer extensions of existing contracts on other 2042 resorts, although the DVC salesperson selling me Boardwalk tried to convince me otherwise. However, DVC also may not want to lose these long-time loyal DVC members (and their maintenance fees). So, in lieu of contract extensions at beloved 2042 resorts, what if DVC instead offers new contracts at a substantially reduced rate to the owners at these resorts? Those owners who elect not to buy back in, well, DVC would just sell those contracts at the rack rate to new DVC members. The only way this could work would be if the new resell rules were in place; otherwise, existing owners could just buy at the reduced rates and turn around and immediately resell the contracts at a significant profit. By subduing the secondary resell market, Disney ensures that can't happen. Thoughts?
The past couple days I have really been trying to figure out why DVC changed the rules starting with Riviera and I wonder, is it possible that it has something to do with establishing precedent regarding how Disney plans to handle the end of the 2042 contracts? Let me explain. From what I understand, the 2057 extension at OKW was a flop and has been an administrative nightmare. As such, many folks don't seem to think that DVC will offer extensions of existing contracts on other 2042 resorts, although the DVC salesperson selling me Boardwalk tried to convince me otherwise. However, DVC also may not want to lose these long-time loyal DVC members (and their maintenance fees). So, in lieu of contract extensions at beloved 2042 resorts, what if DVC instead offers new contracts at a substantially reduced rate to the owners at these resorts? Those owners who elect not to buy back in, well, DVC would just sell those contracts at the rack rate to new DVC members. The only way this could work would be if the new resell rules were in place; otherwise, existing owners could just buy at the reduced rates and turn around and immediately resell the contracts at a significant profit. By subduing the secondary resell market, Disney ensures that can't happen. Thoughts?