ROFR Thread January to March 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[LittleBitGoofy]

Wow!

You’d think a podcaster would be advocating to split the purchase up into smaller contracts. I know the doc fee can add up but time has taught me it’s worth it in most cases.

My latest theory/approach is to do max contract sizes of 100 pt. Figure it's enough to cover a studio stay down the road even if I peel off the other 100 contract(s) that let us do a 1bdr. Just did 100 pt CCV of a greater plan to get to 200 and didn't find the overall $/pt to be that different. And like you noted, I'd rather pay that extra closing/doc fee than be trapped with an all-or-nothing.

Of course, if I was planning to ride it into the ground and the $/pt was a steal then bring on the Costco-sized contract!

 

[LittleBitGoofy]

I just realized I don't actually listen to any DVC podcasts but now I feel like I should....

DVC Show is fun and light. It's led by DVC Fan's Paul & Amy and is part of World of DVC content, so it does have a bit of infomercial sales pitches in there too. I'd like to find a few more like it to spread out.

 

[tidefan]

Wow!

You’d think a podcaster would be advocating to split the purchase up into smaller contracts. I know the doc fee can add up but time has taught me it’s worth it in most cases.

A bit of an aside, but related...

I think that may be why you see more small contracts from resorts sold from BLT back, because before 2011-2012ish, when you purchased direct, there weren't any closing costs, so it didn't matter as much if you split them up.

 

[eMoneyBug]

Lil Micky---$59.24-$60320-1000-AUL-Feb-0/23, 32/24, 0/25-seller pays MF '24- sent 2/20

This contract has had two owners in less than 3 years of existence and has been a financial disaster for both. Originally had $134K financed w/ Disney in direct purchase Fall '21, then $60K financed w/ Monero in resale early '23, 2nd owners defaulted on dues and now forced to sell.

Maybe this time will be different.

You can still back out! Which I recommend, because you can get smaller contracts that are max point at $80-90, after renting out the points you will be BETTER than this contract which doesnt have points until 2026!!! And with smaller point contracts, you will have a more realistic potential exit strategy if that is ever needed. But if you have $60K laying around cool, enjoy.

 

[Chili327]

Wow!

You’d think a podcaster would be advocating to split the purchase up into smaller contracts. I know the doc fee can add up but time has taught me it’s worth it in most cases.

Maybe they bought it resale?

 

[ClaraOswald]

I don't watch resale for all the resorts. Do large contracts, like that 1000 point one, show up very often at all? I feel like I never see more than around 350 or so.

 

[Jimmy Geppetto]

Maybe they bought it resale?

That makes sense. Someone mentioned the deed changed names twice so if it’s true it has to be resale.

 

[JackosinDIS]

JackosinDIS---$145-$8412-50-PVB-Jun-0/23, 50/24, 50/25- sent 2/20

 

[Jimmy Geppetto]

DVC Show is fun and light. It's led by DVC Fan's Paul & Amy and is part of World of DVC content, so it does have a bit of infomercial sales pitches in there too. I'd like to find a few more like it to spread out.

I enjoy them too just find them to be biased because of their sponsor.

 

[Jimmy Geppetto]

You can still back out! Which I recommend, because you can get smaller contracts that are max point at $80-90, after renting out the points you will be BETTER than this contract which doesnt have points until 2026!!! And with smaller point contracts, you will have a more realistic potential exit strategy if that is ever needed. But if you have $60K laying around cool, enjoy.

This right here!

 

[Ruttangel]

You can still back out! Which I recommend, because you can get smaller contracts that are max point at $80-90, after renting out the points you will be BETTER than this contract which doesnt have points until 2026!!! And with smaller point contracts, you will have a more realistic potential exit strategy if that is ever needed. But if you have $60K laying around cool, enjoy.

yeah, I was thinking the same, this price looks awesome but then the lack of available points is like worth $40-60pp which puts it back in average/higher pricing

 

[HIRyeDVC]

I enjoy them too just find them to be biased because of their sponsor.

EVERY podcaster is beholden to their sponsors. But the World of DVC actually owns the DVC show. It's super charged bias. But it's still entertaining at times.

 

[AstroBlasters]

EVERY podcaster is beholden to their sponsors. But the World of DVC actually owns the DVC show. It's super charged bias. But it's still entertaining at times.

I feel like they have found their groove on that show in the post-Werner world…

I like the current mix of core personalities who host and the “man on the street” shows in the parks and resorts.

 

[Chili327]

I feel like they have found their groove on that show in the post-Werner world…

Yes, the first time Paul took the host position it was immensely better.

 

[BPPHL2002]

BPPHL2002---$120-$8261-60-AKV-Dec-0/23, 60/24, 60/25- sent 2/2

Hello, all! This will be my 2nd contract, both resale. Excited to join the waiting room here.

BPPHL2002---$120-$8261-60-AKV-Dec-0/23, 60/24, 60/25- sent 2/2, passed 2/21

Woohoo, just so excited to own at AKL!

 

[Chili327]

EVERY podcaster is beholden to their sponsors. But the World of DVC actually owns the DVC show. It's super charged bias. But it's still entertaining at times.

DVCPoints Newscast is pretty informative, with Shannon Ford, & Peter Scheidle.
https://podcasts.apple.com/us/podcast/dvc-newscast/id1521324737

 

[HIRyeDVC]

DVCPoints Newscast is pretty informative, with Shannon Ford, & Peter Scheidle.
https://podcasts.apple.com/us/podcast/dvc-newscast/id1521324737

They’re all pretty informative. Some are just tinged with more bias. But I agree that DVC Newscast with Shannon and Pete is informative and relatively neutral.

 

[BrianLo]

A former podcasting host?

If the shoe fits.

 

[BrianLo]

Maybe they bought it resale?

That makes sense. Someone mentioned the deed changed names twice so if it’s true it has to be resale.

Yes I should clarify it was the second owner of the contract I was referring to. The one who financed it with Monera and was staying in Aulani Grand Villas in 2022-ish.

This was an addictive ramp up in ownership so a 1000 point contract at a cheaper per point buy in would have served them well.

The first person I’m sure was someone who didn’t know better and maybe over their head. The second one clearly didn’t know better either…

On an unrelated note - Paul and Amy are great hosts of the show. Unsarcastically I do like it and still listen.

 

[Lil Micky]

You can still back out! Which I recommend, because you can get smaller contracts that are max point at $80-90, after renting out the points you will be BETTER than this contract which doesnt have points until 2026!!! And with smaller point contracts, you will have a more realistic potential exit strategy if that is ever needed. But if you have $60K laying around cool, enjoy.

We have 250pts at VDH to play with until then. Cost per available point over the life of the contract is only $1.91. A set of (hopefully same use year) $90/pt contracts with 37 years of available points would come out to $2.43, lock up 50% more capital upfront and have 4-10x higher closing costs.

Maybe we could have gotten it down more but I think it’s near the floor and I don’t anticipate wanting or needing to sell.