As a 50 point owner at CCV, the availability of the studios is a little alarming for me. When we bought we figured there would be pretty open availability at 11 months but if you’re not on at 8 am, you’re SOL. Been wondering if we should sell CCV if it means we can’t really stay there since the amount of rooms doesn’t meet the demand. Am I just overreacting?
You are not overreacting. As CCV went from early sales in spring 2017 to now almost selling out, it continuously went through stages of difficulty getting studios at 11-months out. In earlier times, it became, for reservations in 2018, mainly an issue during parts of the fall high demand season. It then became, for reservations in 2019, a very often problem during that season. It then moved, for reservations in 2020 ((made before Covid) as a problem throughout the fall season and to a number of times during the rest the year, and it is now reached an 11-month problem for all of the fall season and a large portion fo the rest of the year. It has become at least as bad if not worse than BWV standard studios. Likely it is now near its peak.
Possibly it will get a little better as times progresses but it will likely not get much better unless DVC does a major point shift, significantly raising the points needed for studios year round while significantly lowering them for cabins (and possibly GVs). The legality of such a move could be challenged, as a number of us pointed out when DVC tried to raise studios at all WDW resorts year round when it issued, in late 2018, the initial 2020
point charts, that were then withdrawn. But if that happens and DVC gets away with it, the value of your 50 points will be even less than they are now, because they will both still likely have an 11-month issue for many parts of the year and will get fewer nights than they do now. Another possible solution, that would not raise any legal problems, is one already mentioned in this thread, in that DVD could add more of the WL resort to CCV and that addition would consist of all or mostly of studios.
Poly, with the bungalows, mainly avoided an 11-month problem because 95% of all rooms (360 of the 380 total) are studios. For CCV, the percentage is only 32% (counting lock-offs as two rooms).
You also have to consider a new legal issue that may actually be facing those selling low-point CCV contracts now. There is a lurking issue in the law called "fraudulent concealment." If you sell property knowing there is significant problem affecting use or value of the property that is not known to the buyer, the buyer may be able to later void the sale and get his money back or seek damages because of your failure to reveal the problem during the process of doing the sale. There are defenses, including that the buyer, by minimal investigation, may have discovered the problem, but that is not a certain defense particularly if the buyer is told anything like the points being transferred can easily get studios at 11-months out. But an existing owner (and any broker acting as the sales agent), to assure in the sale that he avoids a future lawsuit seeking to void the sale, needs to consider taking the safe course of telling a potential buyer that there is an 11-month issue with CCV studios.
