Ok corrected my statement with no DVC discount with new pass purchase.
Well…they did take away the AP discount for DVC ‘Blue Card’ members.
Actually, the governing documents state that DVC can modify or suspend banking and borrowing as needed to maintain balance in the system. The glut of points that were banked during the pandemic and are being used this year and the extensions given to international owners (which are expiring soon) are probably contributing to the unusual booking patterns (villas booking up quicker) this year. With those banked points being used up, hopefully the 50% borrowing restriction will be removed soon. There are increasing numbers of exceptions being reported by owners calling MS who need just a few additional points beyond their 50% limit. So hopefully the end of that is in sight.
This was just my high-end Marriott experience regarding previous economy downturns. Prior to the 2009 recession there were many renting modest and middle tier TSs of all brands, and from what I could tell doing quite well with it. When the recession hit most of those lost their market because many middle to lower class were greatly effected and cancelled vacations resulted and resales were abundant. But much to my surprise, because I expected my entire rental program to come crashing down , those that were upper-middle or above class didn't change any of their habits and as a result my rentals weren't effected at all. So I just don't think its an economy thing yet. Remember at this point not many have lost their jobs yet, unlike in 2009 when many did. Also not seeing a glut of middle of the road TSs being discounted so this seems to be isolated to DIS right now. So again I think it's something else and by the sound of it, it does seem other product factors are in play.
...but probably several thousand less than you'd get on the open market. That will take a little more time and effort, even using a broker, so it's up to you which way you'd like to go.
Go through one of the big resale brokers. Disney is happy to buy it back from you. They sent out some letters to OKW owners last year with an insulting offer to buy back points. Don't sell them back to Disney. You can sell just as easily to a third party. Though with a lot of contracts on the market, it may take a little longer to sell.
I'm confused...why would anyone get money before it rents? The major DVC rental agencies (David's, DVCRentalStore, DVC-Rental) all make money off the vig between the amount they charge renters and the amount they pay owners.
www.dvcresalemarket.com
I don't see this as DVC keeping the resale market frozen but rather (from Disney's perspective) a pleasant side effect of shifting guest patterns. With fewer AP holders and international visitors, Disney is filling the parks with people eager and willing to buy DVC points direct from the source. All those new customers need inventory.
I think the answer is related to how well they can sell the points. They currently have a finite number of points available only supplemented with the ROFR purchases. Over it's 40 year history DVC has defied the odds on price and sales. During the 08/09 period they did stop ROFR and the price went to about half it was immediately before. I don't think that was directly related to ROFR being stoped but rather the economy itself dictated both situations.
Not sure what you mean here, can you explain further?
Yeah. I am not sure either. I don't think this is something Disney is doing or even something DVC has control of.
Please explain what you mean here by 'should be forced'
Aren't there five and a half resorts with 2042 dates? That would be a lot of inventory that DVC has to carry until they sell it. I don't think the demand is there (at rental prices they charge) to fill all those rooms with cash guests for a period of several years after 2042. I suspect they may let a couple of the resorts go; like Vero ahd HHI. For the others, I suspect they will offer some type of reup to current owners. I doubt it will be a simple extension, but perhaps a buyin extension like they did with OKW. Apparently the OKW buyin was a real mess in that not only did they have to get people who signed up to sign, but they had to get people who didn't extend to sign saything they were offered and turned it down. So there are some legal questions about those that never signed anything regarding the extension at OKW.