tidefan
DIS Veteran
- Joined
- Apr 1, 2007
VGF1 even just started at $145/pp... and that was in 2013VGF2 went for $161/pp direct...maybe they do need the money
VGF1 even just started at $145/pp... and that was in 2013VGF2 went for $161/pp direct...maybe they do need the money
145 in 2013, is $192 adjusted for inflation today. Before incentives BPK was 217,VGF1 even just started at $145/pp... and that was in 2013
This “$161/pp direct” shows how clever the MB promotion was. People weren’t really paying $161, on an apples-to-apples comparison with a normal direct purchase, they were paying $181 and renting out the first year’s points at $20/pp.VGF2 went for $161/pp direct...maybe they do need the money
However, if you paid $145 in 2013 and rented out your points at an average of $18/pt for 10 years, after paying the MF of about $6/pt on average, you would have now gotten back around $120. Any investment where you pay $145, and is still worth over $160 10 years later, during which time you have received $120 in positive cashflow, is very attractive, and those who bought VGF1 in 2013 should be feeling very good indeed about their purchase.145 in 2013, is $192 adjusted for inflation today.
Interesting,However, if you paid $145 in 2013 and rented out your points at an average of $18/pt for 10 years, after paying the MF of about $6/pt on average, you would have now gotten back around $120. Any investment where you pay $145, and is still worth over $160 10 years later, during which time you have received $120 in positive cashflow, is very attractive, and those who bought VGF1 in 2013 should be feeling very good indeed about their purchase.
Right, most people do not rent out their points year in, year out, but use them for vacations. But as a math nerd and former quantitative finance person, in order to analyze an investment I need to put a dollar value on those vacations people are getting. And I think of the dollar value of a DVC vacation as the possible rental income you are forgoing by taking that vacation. In other words, if the going rate of a rental is $18/pt, the value of a trip using 150 points is $18*150 = $2700. For me and my family personally, the value of the DVC points is even higher, because we love the DVC villas much more than hotel rooms, and the cash cost of renting a villa (even assuming they are available, which they are often not, especially the GVs) tends to be much higher than the equivalent of $18/pt. The bottom line is that to a pure investor who rents out their points each year and never visits WDW, VGF has been an excellent investment. And to people like my family who love the DVC villas, it has been an even more excellent investment.Interesting,
Almost like you have read my posts on how if you lost money on DVC, you did it wrong....
However, I have changed my tune slightly, The value you find in a DVC purchase is not the rental income or the resale value, those are bonuses....
The value is found in the vacation with or without the family:
Favorite resorts, pools, restaurants,
Hearing when can we go back to this resort or that,
The memories (most of them) some I'm working hard to forget
That is where you need to look for DVC value
I used to have that viewpoint; however, even as well as I have done, DVC is not a financial instrument. I tried for years to make that case.....Right, most people do not rent out their points year in, year out, but use them for vacations. But as a math nerd and former quantitative finance person, in order to analyze an investment I need to put a dollar value on those vacations people are getting. And I think of the dollar value of a DVC vacation as the possible rental income you are forgoing by taking that vacation. In other words, if the going rate of a rental is $18/pt, the value of a trip using 150 points is $18*150 = $2700. For me and my family personally, the value of the DVC points is even higher, because we love the DVC villas much more than hotel rooms, and the cash cost of renting a villa (even assuming they are available, which they are often not, especially the GVs) tends to be much higher than the equivalent of $18/pt. The bottom line is that to a pure investor who rents out their points each year and never visits WDW, VGF has been an excellent investment. And to people like my family who love the DVC villas, it has been an even more excellent investment.
If I cannot get a 1 bedroom at 7 months occasionally, I might consider POLY resale points to use every 3 years.For me, with no restrictions, there's zero chance in hell that I'd add on direct. Resale points get the exact same 11-month booking advantage, and i don't need any more points to qualify for perks. There's no benefit whatsoever.
so more likely RIV and Disneyland prices? right now poly is $250/ppYes, and the was a flipper rehab.
The poly tower is all new construction,
A lot more expensive ….
I think,What does everyone think about buying the new poly but having the old poly expiration date - technically you are losing 8 years.
you can't rent poly points for 17 dollars a point...
I’ve personally have never found that to be true with my DVC guides..Guides will say anything if they think it will help them make a sale. They are about the same as a new car salesman.
I'll rephraseWhy not???
Me either.I’ve personally have never found that to be true with my DVC guides..
TBF, I never take what guides say as “official”. Multiple times I’ve had to explain things to them or ask them to investigate it because I found in these forjms before them that something is happening and they have no idea about it lolI was curious whether guides have received any additional information on the Poly Tower and its association status. Here's an excerpt from an email that I sent to my guide earlier today:
"I hope this email finds you well. I have been watching the construction process of the new tower being built at the Polynesian Resort with great interest. I have been reading some internet narratives about whether the new tower will become a new DVC resort with restrictions on resale contracts similar to what I have at the Riviera Resort or whether it will be added to the existing Polynesian Villas association. Can you shed some light on this, please? Will the tower be a new association of some sort with similar restrictions to Riviera, or will it be folded into the existing PVB association without restrictions?"
Here's the response that I received:
"Good to hear from you. We currently don’t have any information about restrictions or association. It’s slated for late 2024. As I get new information I will be able to share what they have shared with us. I’ll be sure to put you on my interest list so I can reach out."
So, if this is the done deal that many believe it to be, my guide sure doesn't know that or is forbidden to say.
What does everyone think about buying the new poly but having the old poly expiration date - technically you are losing 8 years.
Sounds like you may need a new guide.TBF, I never take what guides say as “official”. Multiple times I’ve had to explain things to them or ask them to investigate it because I found in these forjms before them that something is happening and they have no idea about it lol
Like the POSSounds like you may need a new guide.
I hear what you're saying, but I guess I trust my guide more than I would resale agents or faceless names on the internet. Ultimately, I will wait until DVC puts something out in writing to settle the issue.
I was just sharing the official word from my guide, take it for what you will.