ROFR Thread April to June 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Tatebeck]

A dream is the points that ROFR takes, when it's (not) fast asleep

 

[DonMacGregor]

Details needed

It was apparently a https://*******.com (site address blocked by filter) contract that was confirmed on that site's Facebook page by the broker. I can't say who it was, but I think simply saying it was actually confirmed by one of the larger players in the market should be safe. At least I can confirm it wasn't a rumor.

 

[Chili327]

It is such an @Jimmy Geppetto move to pass ROFR with a fire sale deal on a loaded contract on a day when ROFR decided it was going to be a resale Red Wedding.

And seller pays the dues. lol

 

[wilkydelts]

@Jimmy Geppetto was 5/2 so two weeks before any of the activities today. It does not even relate.

 

[CastAStone]

GRAND FLORIDIAN HAS JOINED THE PARTY! Blog is updated:

https://www.dvcresalemarket.com/blog/dvc-expands-rofr-buybacks-to-old-key-west-resort/

Paul, several members here have noted that they were told by their guides this week that they have run out of or are about to run out of OKW points. Your write up makes it sound like DVC’s objective was to set a price floor; it seems pretty evident though that they just don’t have any more points.

 

[AstroBlasters]

@Jimmy Geppetto was 5/2 so two weeks before any of the activities today. It does not even relate.

pssst…don’t let facts get in the way of a good story

 

[CastAStone]

@Jimmy Geppetto was 5/2 so two weeks before any of the activities today. It does not even relate.

I don’t think the poster was saying that they do, like at all.

 

[AstroBlasters]

It was apparently a https://*******.com (site address blocked by filter) contract that was confirmed on that site's Facebook page by the broker. I can't say who it was, but I think simply saying it was actually confirmed by one of the larger players in the market should be safe. At least I can confirm it wasn't a rumor.

I have always been surprised they didn’t ROFR up all of the non-Intl seller Subsidized contracts

 

[DVChris]

It was apparently a https://*******.com (site address blocked by filter) contract that was confirmed on that site's Facebook page by the broker. I can't say who it was, but I think simply saying it was actually confirmed by one of the larger players in the market should be safe. At least I can confirm it wasn't a rumor.

Did they post any details on the contract? Subsidized? Crazy low price? So strange why they would ROFR Aulani.

 

[Stank]

Called it months ago. ROFR would make an appearance to scare the market, no rhyme nor reason, and then fizzle away. Let the panic buying ensue.

I’ll hold out for the DVC point glut 7-8 months out.

 

[Cfabar1]

Called it months ago. ROFR would make an appearance to scare the market, no rhyme nor reason, and then fizzle away. Let the panic buying ensue.

I’ll hold out for the DVC point glut 7-8 months out.

In general I agree with you that DVC is overpriced... however, I think in this case the rhyme and reason is pretty clear:

OKW - DVC has so much strategic interest to reacquire nearly all of these contracts. Add in great sales right now where they can double their money on these ROFR prices and it makes sense...

Poly - new tower coming and they want to prop up prices/discourage resale

VGF - trying to build up points here plus it is a nice "check" on the poly tower which could arguably have been called VGF3....

 

[AstroBlasters]

In general I agree with you that DVC is overpriced... however, I think in this case the rhyme and reason is pretty clear:

OKW - DVC has so much strategic interest to reacquire nearly all of these contracts. Add in great sales right now where they can double their money on these ROFR prices and it makes sense...

Poly - new tower coming and they want to prop up prices/discourage resale

VGF - trying to build up points here plus it is a nice "check" on the poly tower which could arguably have been called VGF3....

Are things really “overpriced” or have we not accepted that there was a lot of inflation over the last 4 years that will not be going back down?

We’ll know more in 10 years…

 

[HyperspaceMountainPilot]

Are things really “overpriced” or have we not accepted that there was a lot of inflation over the last 4 years that will not be going back down?

We’ll know more in 10 years…

I was also wondering if $239 direct is even that high in real dollars compared with whatever list price was in 2019, but was worried I might get run off this thread with a pitchfork for asking.

 

[TinkAgainU]

Updated!

So it does seem that they are now limited ROFR activity to resorts in active or "just about to active" sales, rather than the stockpiling method they went for over the past few years.

Makes sense - ROFR pushes the perceived value up (for a bit at least) ...

 

[HyperspaceMountainPilot]

I was also wondering if $239 direct is even that high in real dollars compared with whatever list price was in 2019, but was worried I might get run off this thread with a pitchfork for asking.

I’m sure it’s poor form to reply to your own post but I looked it up after @Genie+ helpfully provided pricing data from 2019, and it turns out that prevailing DVC “sticker” prices on Jan 2019 would be exactly $225 today (edit to add— adjusted for inflation).

 

[CastAStone]

Are things really “overpriced” or have we not accepted that there was a lot of inflation over the last 4 years that will not be going back down?

We’ll know more in 10 years…

I think overpriced for DVC is not a calculation in absolute dollars, it’s just comparing it to the alternatives. It’s basically impossible to justify current DVC direct prices vs just paying cash or renting points for nearly all of the sold out resorts, as well as for people planning to stay mainly in 1 bedrooms at any resort. Certain times of year are also negative values, and CFW is upside down as well.

Ultimately, though, most of whether a direct purchase is overpriced comes down to how much you value future money.

I’m sure it’s poor form to reply to your own post but I looked it up after @Genie+ helpfully provided pricing data from 2019, and it turns out that prevailing DVC “sticker” prices on Jan 2019 would be exactly $225 today (edit to add— adjusted for inflation).

I looked up the launch price for OKW in 1992 and, after inflation….$116. Plus it came with like 7 years of free park tickets.

I can’t get over how much of an absolute steal early DVC was.

 

[Genie+]

I looked up the launch price for OKW in 1992 and, after inflation….$116. Plus it came with like 7 years of free park tickets.

I can’t get over how much of an absolute steal early DVC was.

Wow I would’ve expected it to be more over that amount of time - over 30 years.

OKW starting at $50-$60pp with 220 pt minimum - $11-$12k

I found this: For 1992, the average base price of a domestic Big Three car is $17,007

Ford Taurus was $18-20k.

The ~$2.50 dues back then only come to $5.60 in today’s dollars. They are actually close to $10 now.

 

[intamin]

Jimmy Geppetto---$111-$20664-180-BLT-Jun-0/23, 322/24, 180/25-Seller pays 2024 MF- sent 4/22, passed 5/2

Can I pay you to negotiate on my behalf? Even though there’s no wiggle room since I’m only buying direct from here on out if anyone can swoon a DVC guide to lower the price it’s you