A quick question....when we sold some of our contracts, we had to own them free and clear ( or I might be remembering that wrong). Can you still have a mortgage and sell them? I can’t imagine someone selling their RIV for $135...unless they were a cast member (as they do receive good discounts but I thought there were rules in place for reselling). Or maybe it is deliberately being done by someone trying to influence DVC management..and maybe they won’t accept any offers? Will be interesting to see how these few resale contracts shake out. Some are buyers remorse for sure.
I think all the new resale restrictions (especially the one last January where no resales at any resort could use points for Riviera and all new resorts going forward) is part of their long range plan on dealing with the 2042 expiring resorts. I can see them in 10 years or so picking up as many contracts as possible in ROFR for BWV, BCV, Boulder Ridge. 3 very desirable locations. I can see them blocking off certain sections and start doing major gutting and interior renovations well before 2042. It would break my heart if they bulldozed BWV. It might be difficult to do that since so many things are shared with the Inn side. It could easily be done at BCV and Wilderness Lodge.
And you can bet that you will no longer get a standard view studio for as little as 10 points per night at BWV. I hope I live long enough to see what happens. I’ll be 85 or so. I’d love to be able to be one of those people that check out of the old BoardWalk villas on the very last day of the contract expiration.
What I don’t get is how some people seem enraged at DVC for implementing the resale restriction rule at Riviera. I’m sure the same will be for all new resorts going forward. DVC is a timeshare that’s located in DisneyWorld. Probably the best timeshare out there....although there are a couple out there that are good, but if you buy direct for some others, you will have something nearly worthless the next day. Spend some time at the TUG boards and you can read some horror stories from people that bought a timeshare for tens of thousands....then come to find out they could have gotten the same thing for next to nothing.
Although I’m okay with DVC, we did buy at Riviera knowing about the restrictions, my issue lies with corporate Disney and their money grabs. Not going to get into it, but the charging for parking at resorts is just awful. “Oh it’s the industry standard”. Well it wasn’t Disneys standard for decades. Although it doesn’t apply to me as a DVC member, it just wasn’t right.