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.Details needed
And seller pays the dues. lolIt 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.
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.GRAND FLORIDIAN HAS JOINED THE PARTY! Blog is updated:
https://www.dvcresalemarket.com/blog/dvc-expands-rofr-buybacks-to-old-key-west-resort/
pssst…don’t let facts get in the way of a good story@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.@Jimmy Geppetto was 5/2 so two weeks before any of the activities today. It does not even relate.
I have always been surprised they didn’t ROFR up all of the non-Intl seller Subsidized contractsIt 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.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.
In general I agree with you that DVC is overpriced... however, I think in this case the rhyme and reason is pretty clear: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.
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?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....
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.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…
Makes sense - ROFR pushes the perceived value up (for a bit at least) ...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.
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 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 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.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 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’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.
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 youJimmy Geppetto---$111-$20664-180-BLT-Jun-0/23, 322/24, 180/25-Seller pays 2024 MF- sent 4/22, passed 5/2
I’m struggling to see how it suggests that?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.