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Glut of DVC Resale Listings?

TheHolleys87

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If the Mouse had a way out, why haven’t they taken it yet? Why wait till the last few years before expiration. I suspect they don’t have a way out. If they did, they wouldn’t be buying up 2042 OKW contracts like they are and wouldn’t be forcing Quit Claims on sellers either.
Some of us are fond of saying that the people who will make the decisions about closing out the 2042 resorts are just now graduating from business school.
 

chromeo

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Glut is real, never seen this much VGC. Change is in the air.

Rivera and Aulani are half sold, Grand Floridian is getting there in getting sold. No annual passes, Polynesian and Disneyland tower looming.
 

cfabar1

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Yes, and Reflections likely never being built, or at least in the fashion originally listed.

I don’t think younger people want to feel “tied down”. The beach resorts actually help offset that some, but they are not “big enough” in my view. Also, many families “outgrow” disney, which is part of the problem.
 

Huskerpaul

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When I started looking into DVC last March there were around 1300 contracts available according to https://dvc.market/listing/ Now there are over 1900 available. There was a big surge in listing when the whole 'Don't say gay" deal erupted in Florida.
 

ljmiii

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...never seen this much VGC...Rivera and Aulani are half sold, Grand Floridian is getting there in getting sold...Polynesian and Disneyland tower looming.
People are starting to put their VGC on the market because they are afraid of what will happen to the prices of VGC once DVC starts selling the Disneyland Tower. We thought about it...but the DL tower skews heavily toward studios and is farther away. We'll keep our 2BRs with a private entrance to California Adventure, thank you.

Riviera has the problem that once DVC started selling new VGF contracts there was no reason to put up with resale restrictions if you want to buy direct. If DVC's no longer ROFR'ing Poly contracts means the same will happen to the new Poly construction, Riviera will continue to be the last, worst choice for the foreseeable future.
 

Huskerpaul

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If DVC's no longer ROFR'ing Poly contracts means the same will happen to the new Poly construction, Riviera will continue to be the last, worst choice for the foreseeable future.
There has not been a single reported ROFR at Poly for many months now. I agree with your assessment, the new tower will be made part of the existing association and therefore no resale restrictions like Riv.
 

TravelTime

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'Don't say gay" deal erupted in Florida.
The mis-labeling of this law was strange to me. It had little to do with being gay or people teaching about being gay.
 

TravelTime

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We sold about 8 or 9 contracts right as Covid was hitting. I did not own them for long so I was a little below break even. People say DVC always goes up and they make money on them. This was not my experience owning the contracts about 3 years. You need to own them longer and take closing costs into account. I assumed priced went up during Covid but I have not looked since I sold.
 

Huskerpaul

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The mis-labeling of this law was strange to me. It had little to do with being gay or people teaching about being gay.
The fact that some feel that way is why I used quotation marks around the term. Not trying to offend. If I had used the official name of the legislation few would know what I was referring to.
 

blondietink

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I think a lot of it has to do with covid and the border shut downs. People in Europe who own got screwed as well as many of the people in Canada. Nobody could travel unless they jumped through a lot of hoops. It just wasn't worth it to many. People are realizing also that owning a piece of the mouse isn't for everybody forever. We bought 17 years ago and used to go several times per year. Now we vacation in other areas of the country and world and save our points to go on longer DVC vacations.
 
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