Yes, completely agree. I own resale PVB but I still find that unless they just want to be very nice to members, especially PVB owners, it doesn’t make much sense to make CFW restricted but the Polynesian, the beloved and ultra popular Polynesian in the most prime spot in all WDW(maybe my biased opinion lol) not be restricted. I’m having a hard time doing the DVC math there. Maybe they’d lose a handful of existing members? But IMO it would still be a huge success for them, either way, much more so than RIV.
What does adding the tower to the boundaries of PVB but not declaring into the condo association mean effectively? Is it just shared amenities and dues at that point?
If they do a half and half situation, they could sell the trust contract to those who have no idea/new members who never ask differently and make the whole thing more appealing by saying it could give buyers earlier access to the other trust products. They don’t even need to explain the difference or mention that there is technically 2 different contracts so it won’t be too convoluted of a sales pitch.
And for those who might prefer a deeded interest like current, they can sell that way, as well, and attempt to “downplay” it as you will only have access to that one home resort, etc. But we’d now have a choice. I don’t think they would have to change anything about who gets home resort priority at PVBT, both trust and deeded would get that same access but trust purchasers would get potential access to other trust products at a certain period later.
I think that’s one of the things that we’ve been debating is what the resale of the trust product can look like. If this whole thing is being setup to try to deter the resale market (or partly so) then I would think they will restrict resale access to just the original trust product you purchase into. So direct trust would have access to all trust and resale trust would only work at CFW, for example. I agree, if it goes the way you’re looking at it, resale would be much more appealing but seems a bit counterintuitive to adding one type of harsh restrictions to RIV and VDH but another type of softer restrictions to the trust. For simplify sake alone, I think they’ll keep restrictions the same as it is currently.
From my understanding, the property would simple become part of the PVB.
But, just like undeclared inventory now, it’s still owned by DVD until they declare it into the condo association for use and sale.
It is that declaration into the condo association under the current vacation plan that gives owners the access.
Just like undeclared, DVd pays for the expensives of it. Owners wouldn’t at that point, just line VDH owners aren’t paying for the expenses related to units not yet declared.
In practice, it could mean PVB owners don’t get acces any sooner than any other owners.
Basically, they make it that so that all the terms if being at the resort are applicable…but DVd continues its own ownership of it, adds ut to the trust and sells access via a trust use plan.
If that were to happen, they can add restrictions and any other rules they want.
It seems a crazy way to do it…but because we now have the trust product in play…you have to wonder?
What I definitely do not see is them selling them both ways…it will either be sold like the good old days or part of the trust,
Irrespective of its connection to PVB.
One thing I do think we will get insight on a bit is the purpose of the trust once this is declared. If there is no connection to the trust, it could very well mean it’s only because of the cabins, or it’s not for the short term but long term..ie: 2042 properties