1 00:00:00,920 --> 00:00:02,200 I'm waking up. Wow. 2 00:00:04,680 --> 00:00:07,040 Derek is pumping us up for our third show. 3 00:00:07,040 --> 00:00:10,560 Derek, Derek, give us a little pump up like speech or something 4 00:00:10,560 --> 00:00:12,120 like that to just get us ready for this. 5 00:00:12,600 --> 00:00:16,079 Remember, the magic is in each and every one of you, no matter 6 00:00:16,079 --> 00:00:17,360 what kind of a day you're having. 7 00:00:17,360 --> 00:00:19,760 I don't care if you wake up and you're feeling like I can't do 8 00:00:19,760 --> 00:00:21,760 this, I'm so tired. You can't. 9 00:00:22,000 --> 00:00:26,440 You have the magic in you. dvcresalemarket.com add some 10 00:00:26,440 --> 00:00:27,360 points. Thank. 11 00:00:27,360 --> 00:00:29,920 You have the magic. DVC, Derek. 12 00:00:30,280 --> 00:00:35,920 Everybody resale Derek. Excuse me, Resale Derek. 13 00:00:44,410 --> 00:00:47,010 Everybody and welcome to this week's episode of The DVC Show. 14 00:00:47,010 --> 00:00:50,090 I am your host, Paul Krieger, joined as always by my lovely 15 00:00:50,090 --> 00:00:54,250 wife Amy Krieger, Sales Executive for the DVC Resale 16 00:00:54,250 --> 00:00:58,800 Market, Derek de Boer. Hey now, happy Monday or Tuesday 17 00:00:58,800 --> 00:01:02,400 or happy Wednesday? But if it's Thursday and you're 18 00:01:02,400 --> 00:01:05,080 watching this, we're. On your own. 19 00:01:05,960 --> 00:01:08,160 The Honorable Jeff Haslam is here with us again. 20 00:01:08,200 --> 00:01:10,480 Hey, everybody. Jeff, Derek, did you? 21 00:01:10,520 --> 00:01:14,160 Is that a puppy? So relaxed compared to the suit 22 00:01:14,240 --> 00:01:16,160 he had. On I know he was this like 23 00:01:16,160 --> 00:01:18,600 funeral director stiff, like keeping up like a. 24 00:01:19,520 --> 00:01:21,240 Funeral. Director thing, I really don't 25 00:01:21,240 --> 00:01:23,720 like that. I'm sorry, it was just really 26 00:01:23,720 --> 00:01:26,080 dark. Although I'm wearing a a black 27 00:01:26,080 --> 00:01:28,200 shirt so I can't say anything. Don't make me start. 28 00:01:28,200 --> 00:01:29,840 Coming up with your nickname, young lady? 29 00:01:31,600 --> 00:01:37,840 All right, I'm done. I Yeah, Derek, did you have that 30 00:01:37,920 --> 00:01:40,040 kind of speech? Is that one that you've done 31 00:01:40,040 --> 00:01:41,280 before? Is that? 32 00:01:41,280 --> 00:01:44,480 That's the one he gives every time someone gets on the you 33 00:01:44,480 --> 00:01:46,840 know, the live chat, the live chat with him or whatever it's. 34 00:01:47,000 --> 00:01:48,000 Called I just. I. 35 00:01:48,280 --> 00:01:49,680 Don't know. I never know what we're going to 36 00:01:49,680 --> 00:01:51,120 talk about. It's just Derek. 37 00:01:51,120 --> 00:01:53,600 You toss him a peanut and he'll say whatever you want. 38 00:01:54,360 --> 00:01:56,560 It was amazing. Like I actually got motivated 39 00:01:56,560 --> 00:01:59,080 for it like I was. I felt better. 40 00:01:59,720 --> 00:02:02,960 You stopped talking. I will make up another one. 41 00:02:02,960 --> 00:02:06,120 Because you stopped talking. So yeah, that's pretty normal. 42 00:02:06,520 --> 00:02:08,120 Your hair is eating the microphone. 43 00:02:08,400 --> 00:02:11,360 So welcome everybody. Thanks for tuning into this 44 00:02:11,360 --> 00:02:13,760 week's episode of the DV CS Show. 45 00:02:13,960 --> 00:02:16,880 We decided to touch on a topic this week that when we looked 46 00:02:16,880 --> 00:02:20,120 back through the archives, we've not really delved into for quite 47 00:02:20,120 --> 00:02:22,040 some time. And that is basically kind of 48 00:02:22,040 --> 00:02:26,360 everything you need to know about DVC resale restrictions as 49 00:02:26,360 --> 00:02:31,160 we are here in 2026. What they mean should you be 50 00:02:31,160 --> 00:02:34,160 concerned about them, should they impact whether or not you 51 00:02:34,160 --> 00:02:37,720 decide to buy a direct contract or a resale contract, We're 52 00:02:37,720 --> 00:02:41,760 going to walk through all of those specifics before we do so 53 00:02:41,760 --> 00:02:44,320 this and all of our content is always brought to you by Key 54 00:02:44,320 --> 00:02:46,520 Holder Vacations and the world of DVC. 55 00:02:46,960 --> 00:02:50,720 DVC resale market where you can buy or sell that Disney Vacation 56 00:02:50,720 --> 00:02:54,400 Club resale contract. Monera Financial who will assist 57 00:02:54,400 --> 00:02:56,800 in financing that DVC resale contract. 58 00:02:56,800 --> 00:03:00,080 Purchase the DVC rental store where you can try before you 59 00:03:00,080 --> 00:03:02,240 buy. Rent some points for a fraction 60 00:03:02,240 --> 00:03:04,520 of the cost as is direct through Disney. 61 00:03:04,640 --> 00:03:06,960 Or if you've got some extra points this year you're not 62 00:03:06,960 --> 00:03:09,600 going to use, rent those out. Put some extra cash in your 63 00:03:09,600 --> 00:03:11,960 pocket. Last but not least, unlock 64 00:03:11,960 --> 00:03:17,080 magic.com/DVC fan for discounted Walt Disney World, Disneyland, 65 00:03:17,080 --> 00:03:21,400 and Universal Park tickets. I look back through kind of the 66 00:03:21,400 --> 00:03:24,720 archives a little bit. Yeah, I so remember I gave you 67 00:03:24,720 --> 00:03:26,680 some ideas and this is one of them. 68 00:03:26,680 --> 00:03:29,600 This was one of them. When you took this idea, did you 69 00:03:29,600 --> 00:03:30,960 have to go back and do the research? 70 00:03:31,200 --> 00:03:32,040 I did do some. Research. 71 00:03:32,040 --> 00:03:35,280 I had all the dates already. Amy is taking over the show 72 00:03:35,280 --> 00:03:39,040 later The Amy Krieger Show. I like it when Amy takes over 73 00:03:39,040 --> 00:03:41,680 the show. No, I just, I had, I had already 74 00:03:41,680 --> 00:03:44,440 written it down ahead of time. I just you didn't tell me which 75 00:03:44,640 --> 00:03:47,400 option you were going with until late, OK? 76 00:03:48,120 --> 00:03:51,120 For fairness, I did send out the topics so at least yesterday 77 00:03:51,120 --> 00:03:53,120 morning. Yeah, that's not enough time for 78 00:03:53,120 --> 00:03:55,160 me to read them. That was plenty of time for you 79 00:03:55,160 --> 00:03:56,600 to read them. You even commented on them. 80 00:03:56,600 --> 00:03:57,960 You were like, these are great topics. 81 00:03:57,960 --> 00:04:00,840 That was Derek. No, no, I think I asked you. 82 00:04:00,840 --> 00:04:03,680 I specifically asked you. She's on cold medicine. 83 00:04:03,680 --> 00:04:06,360 She doesn't remember yesterday. Anyway, I have dates. 84 00:04:06,360 --> 00:04:08,880 Not only do I have dates truer statement, but you just have 85 00:04:08,880 --> 00:04:11,600 like very basic like pre whatever. 86 00:04:11,600 --> 00:04:16,040 I have literally the exact. I love this for you and given 87 00:04:16,040 --> 00:04:19,399 how much I talked in the last show, no you get to. 88 00:04:19,600 --> 00:04:23,400 No, but I will help. With resale, Derek and Jeff and 89 00:04:23,400 --> 00:04:25,160 I are just going to sit here and be flies on the wall. 90 00:04:26,080 --> 00:04:28,000 Hey, you got your Switch, let's play some Mario Kart. 91 00:04:28,000 --> 00:04:29,080 Why these idiots talk? I do. 92 00:04:29,080 --> 00:04:30,640 I can run upstairs and grab it real quick. 93 00:04:32,160 --> 00:04:34,800 I do think it's a good topic though, because I have noticed 94 00:04:34,800 --> 00:04:38,280 more in the last five or six months than ever before that 95 00:04:39,280 --> 00:04:43,480 people in our Facebook community have either had questions about 96 00:04:43,480 --> 00:04:47,800 how some of this works or have made some big mistakes regarding 97 00:04:47,800 --> 00:04:50,080 how this works. So I'm, I am glad that we're 98 00:04:50,680 --> 00:04:51,680 we're. Well, Amy, take us through the 99 00:04:51,680 --> 00:04:54,160 history because I think we first need to establish what are 100 00:04:54,160 --> 00:04:56,840 resale restrictions and how they came about. 101 00:04:57,320 --> 00:04:58,880 I don't even know where to start with that. 102 00:04:58,880 --> 00:05:00,160 What? What are they? 103 00:05:00,600 --> 00:05:05,040 OK, so. Good night ladies. 104 00:05:07,400 --> 00:05:11,280 Right now, the reason, the reason that I, I gave this topic 105 00:05:11,280 --> 00:05:13,120 was, you know, just to take a look. 106 00:05:13,120 --> 00:05:17,360 I, I think a lot of times people get confused because we have a 107 00:05:17,360 --> 00:05:19,600 lot of different types of members. 108 00:05:19,600 --> 00:05:21,800 We have members that have had memberships for a long time. 109 00:05:21,800 --> 00:05:26,240 We have members that just bought and you know 2025. 110 00:05:26,240 --> 00:05:29,440 We have members that have owned since 20/16/2011 and, and 111 00:05:29,440 --> 00:05:33,560 depending on your resale contract, if you own a resale 112 00:05:33,560 --> 00:05:37,240 contract, depending on when you've bought it can determine 113 00:05:37,240 --> 00:05:40,680 what sort of eligibility it has for different things. 114 00:05:40,680 --> 00:05:47,400 Because as time has passed those restrictions, those, those 115 00:05:47,920 --> 00:05:51,080 things have been more implemented, you know, as we've 116 00:05:51,080 --> 00:05:52,640 gone. So yeah. 117 00:05:52,640 --> 00:05:56,000 So there is a timeline. I almost, it would be cool when 118 00:05:56,000 --> 00:05:57,760 you remember when you were in school and you have the made 119 00:05:57,760 --> 00:06:01,160 like timelines for history class or science, social studies. 120 00:06:02,000 --> 00:06:06,280 I kind of I'd like to see that visual up on the board. 121 00:06:07,640 --> 00:06:11,840 That's that's your startle cue Paul to do that post production. 122 00:06:12,120 --> 00:06:16,480 Graphics, Paul, but no so, so basically, you know, starting 123 00:06:16,480 --> 00:06:19,440 clear and you know, we have people that and we, we always 124 00:06:19,440 --> 00:06:22,840 use the term grandfathered in which basically means that if 125 00:06:22,840 --> 00:06:27,800 you had it already, DVC has historically not taken it away 126 00:06:27,800 --> 00:06:30,400 from you. They've grandfathered you into, 127 00:06:30,640 --> 00:06:34,520 you know, what you had, but then starting fresh with anything 128 00:06:34,520 --> 00:06:37,920 purchased, you know, after such and such date, then those 129 00:06:37,920 --> 00:06:39,520 restrictions have gone into play. 130 00:06:39,520 --> 00:06:45,720 So even as far back as you know, prior to 2011, anyone who bought 131 00:06:45,720 --> 00:06:49,720 resale was just considered, you know, a buyer just like any 132 00:06:49,720 --> 00:06:53,960 direct buyer. So those resale contracts had 133 00:06:53,960 --> 00:06:59,040 all the same benefits, all the same perks that that anyone that 134 00:06:59,040 --> 00:07:01,000 purchased through Disney received. 135 00:07:01,800 --> 00:07:07,560 But then in 2011 is when we started seeing the first kind of 136 00:07:07,560 --> 00:07:11,200 hints and they were, they were very small and they didn't 137 00:07:11,200 --> 00:07:15,040 impact DVC and I think the way that they were hoping so. 138 00:07:15,480 --> 00:07:18,680 And I always like to also establish in this conversation 139 00:07:18,680 --> 00:07:24,120 the fact that when we talk about restrictions, they are contract 140 00:07:24,120 --> 00:07:29,040 level restrictions. So there a lot of the confusion 141 00:07:29,040 --> 00:07:32,480 that we sometimes see within, you know, this sphere is that 142 00:07:32,480 --> 00:07:38,280 people think that, oh, I have that 150 point contract that it 143 00:07:38,440 --> 00:07:43,160 is great. And you know, was pre 2011. 144 00:07:43,400 --> 00:07:47,880 That means that any contract I buy forever, you know, is, is 145 00:07:47,880 --> 00:07:50,960 going to, you know, be open-ended and going to like 146 00:07:50,960 --> 00:07:53,560 just not have all of these issues. 147 00:07:53,840 --> 00:07:56,800 But it is a very contract specific thing. 148 00:07:56,800 --> 00:07:59,880 We'll even get into that later kind of as to how Amy and I's 149 00:07:59,880 --> 00:08:02,600 membership is set up a little bit and decisions we'll make in 150 00:08:02,600 --> 00:08:06,240 the future. But yeah, pre 2011, those were 151 00:08:06,240 --> 00:08:09,880 the golden years of DVC. Those people have been in the 152 00:08:09,880 --> 00:08:13,960 club now for quite some time and they don't have to worry about 153 00:08:13,960 --> 00:08:15,560 it if they bought back then. Right. 154 00:08:15,800 --> 00:08:18,720 So in 2011, they implemented the first restrictions. 155 00:08:18,720 --> 00:08:24,000 It was limiting resale purchasers so that those 156 00:08:24,000 --> 00:08:29,600 contracts that they were purchasing in 2011 and passed 157 00:08:29,880 --> 00:08:34,240 were only able to have their points used at DVC resorts and 158 00:08:34,240 --> 00:08:39,200 then also into the RCI exchange. RCI being the exchange program 159 00:08:40,360 --> 00:08:43,320 being used instead of Interval International at that time. 160 00:08:43,520 --> 00:08:48,920 So basically the only thing they took away in 2011 from resale 161 00:08:48,920 --> 00:08:53,160 purchasers was the ability to exchange your points for things 162 00:08:53,160 --> 00:08:57,200 like the Disney Collection and Disney Cruise Line. 163 00:08:57,200 --> 00:08:59,440 Yeah. And those were things that most 164 00:08:59,920 --> 00:09:03,040 members said, well, that that's not worth my money anyway. 165 00:09:03,040 --> 00:09:05,640 Those are poor exchanges. So it didn't really have the 166 00:09:05,640 --> 00:09:12,080 impact that DVC wanted. So then later down the the line 167 00:09:12,080 --> 00:09:15,360 we come up with the next set of restrictions which happened in 168 00:09:15,360 --> 00:09:19,480 2016. So any member who purchased 169 00:09:19,480 --> 00:09:26,440 resale April 4th, 2016 or before that were grandfathered into the 170 00:09:26,440 --> 00:09:28,600 direct purchase. But anyone that purchased after 171 00:09:28,600 --> 00:09:35,440 April 4th, 2016, they had to then have a minimum of 25 direct 172 00:09:35,440 --> 00:09:40,120 points in order to qualify for the benefits of being considered 173 00:09:40,160 --> 00:09:43,640 a direct member. So that was like our first kind 174 00:09:43,640 --> 00:09:48,080 of direct point minimum where you had to be some form of 175 00:09:48,080 --> 00:09:50,480 direct owner. It was a very low minimum to 176 00:09:50,480 --> 00:09:52,320 start with. And that's actually what the 177 00:09:52,320 --> 00:09:56,320 minimum was when we started getting into DVC. 178 00:09:56,320 --> 00:09:58,720 And I remember saying to Paul, you know, we had bought resale 179 00:09:58,720 --> 00:10:01,680 and I was like, OK, we just need to save up for 25 points. 180 00:10:01,680 --> 00:10:05,440 That's all we need 25 points so that we can we can have have 181 00:10:05,440 --> 00:10:07,680 direct perks. Somehow we bought 50. 182 00:10:08,520 --> 00:10:11,680 Yeah. Well, that was because we, we 183 00:10:11,680 --> 00:10:15,520 bought before we closed on our membership or resale and 50 was 184 00:10:15,520 --> 00:10:17,080 about. How quickly add on I? 185 00:10:17,120 --> 00:10:18,520 Just. But yeah, it's true too. 186 00:10:18,520 --> 00:10:21,840 How? Quickly things 25 points go to 187 00:10:21,840 --> 00:10:23,920 50 go to 100 and then. Yeah. 188 00:10:23,960 --> 00:10:28,160 So just because I'm curious where So Jeff and and Derek, 189 00:10:28,160 --> 00:10:32,840 where were you guys when, when were your first contracts? 190 00:10:33,360 --> 00:10:36,520 Well, I mean mine was I think we first bought in 90. 191 00:10:36,880 --> 00:10:39,440 Stop playing my video game because now it's time for me. 192 00:10:39,440 --> 00:10:43,720 I'm just kidding. Time to get back to work. 193 00:10:46,400 --> 00:10:51,240 Mine was in 1998 was my very first one that we bought and 194 00:10:51,240 --> 00:10:53,480 then we cancelled it a week later and then we bought again 195 00:10:53,480 --> 00:10:58,280 in 1999. So 1999 was the was my first SO. 196 00:10:58,320 --> 00:11:00,240 OK. But yours is direct. 197 00:11:00,240 --> 00:11:02,920 You have Boardwalk direct, so you haven't really been affected 198 00:11:02,920 --> 00:11:04,560 by. No, no. 199 00:11:04,560 --> 00:11:08,160 But but I was a direct guide at the time when those changes 200 00:11:08,160 --> 00:11:11,320 started to come out, you know, when they said, hey, yeah, 201 00:11:11,320 --> 00:11:13,840 you've got to, you know, here's some reset restrictions. 202 00:11:13,840 --> 00:11:15,400 You can't use points on a cruise you get. 203 00:11:15,400 --> 00:11:19,200 But I mean, to me, you know, like in 2011 and whatnot, like 204 00:11:19,240 --> 00:11:25,120 resale just still wasn't nearly the mammoth beast that it is 205 00:11:25,120 --> 00:11:28,280 now. So it was so rare back then 206 00:11:28,280 --> 00:11:32,160 when, you know, I was a direct at 2008, 2009, 2011, twelve. 207 00:11:32,400 --> 00:11:36,600 I would say maybe one out of 20 guests, and I'm not kidding, 208 00:11:36,840 --> 00:11:41,200 might have brought up, you know, the resale side of the IT was 209 00:11:41,200 --> 00:11:43,960 not anywhere close to what it is, which is. 210 00:11:44,080 --> 00:11:46,640 There. Everybody knows about it. 211 00:11:46,640 --> 00:11:50,040 So I mean, back then and like you, you said, OK, so their 212 00:11:50,040 --> 00:11:55,480 first line of defense was OK, so if you buy resale, you can't use 213 00:11:55,480 --> 00:12:02,120 your DVC points for ways that are a terrible use of your God 214 00:12:02,360 --> 00:12:04,640 darn it. Shucks, you know, And then so 215 00:12:04,640 --> 00:12:07,760 OK, so it was a no brainer because I'm going to go buy 300 216 00:12:07,760 --> 00:12:11,240 points resale and all I got to buy is 25 points and now I have 217 00:12:11,240 --> 00:12:14,760 the quote UN quote perks. Yeah, that was crazy back then, 218 00:12:14,760 --> 00:12:17,240 20, five points. Now you probably bought 50 219 00:12:17,480 --> 00:12:21,240 because direct you can't finance 25, you have to finance 50. 220 00:12:21,240 --> 00:12:24,600 So maybe that's why you went 50, because you needed to finance 221 00:12:24,600 --> 00:12:25,760 it. Just my thought. 222 00:12:27,000 --> 00:12:29,680 Yeah, that's true. I bought in 2020. 223 00:12:29,680 --> 00:12:32,840 It was, I think I made my offer in August and it closed right 224 00:12:32,840 --> 00:12:36,400 before Christmas was my first contract and then three more 225 00:12:36,400 --> 00:12:41,640 came early 2021 and then in 2023 those three went away and I 226 00:12:41,640 --> 00:12:44,080 system still have my direct contract and that's all I have 227 00:12:44,080 --> 00:12:46,440 left. And we know, we know you bought 228 00:12:46,440 --> 00:12:50,640 it all QS, but I'm just curious, were resale restrictions a 229 00:12:50,640 --> 00:12:56,200 consideration at all in that buying process at that time? 230 00:12:56,200 --> 00:12:58,880 It would have only affected if you were thinking about maybe 231 00:12:58,880 --> 00:13:00,920 buying at Riviera I guess. They were. 232 00:13:00,960 --> 00:13:03,880 That was something because I was trying to decide because I did 233 00:13:03,880 --> 00:13:08,120 want some member benefits. So I did want a direct contract, 234 00:13:09,200 --> 00:13:14,480 but I was absolutely not going to buy at Riviera because of 235 00:13:14,480 --> 00:13:18,560 those restrictions, because mostly for the, the, the GAP 236 00:13:18,560 --> 00:13:20,760 Insurance, so to speak. Like I, I didn't want to buy 237 00:13:20,760 --> 00:13:22,720 something. And then like what truly 238 00:13:22,720 --> 00:13:25,320 happened, I did have to, to get rid of a couple of contracts. 239 00:13:25,320 --> 00:13:29,600 I would have lost my shorts on that situation, unlike Derek who 240 00:13:29,720 --> 00:13:32,040 never wear shorts. But. 241 00:13:33,720 --> 00:13:37,480 I actually was thinking about buying at Aulani for my direct 242 00:13:37,480 --> 00:13:42,720 contract, but I already had my 1 resale old QS contract and the 243 00:13:42,720 --> 00:13:46,760 guide said we've got some old QS points, we'll we'll sell those 244 00:13:46,760 --> 00:13:48,480 to you. And that just made sense for me 245 00:13:48,480 --> 00:13:52,040 because I like the idea of combining my points without 246 00:13:52,040 --> 00:13:55,480 having to make a phone call. So I think it's interesting from 247 00:13:55,480 --> 00:13:58,520 our perspective that you know, we bought kind of in between 248 00:13:58,520 --> 00:14:02,000 that period before, you know, we're going to get into the the 249 00:14:02,000 --> 00:14:04,760 2019 resale restrictions that came out here. 250 00:14:05,040 --> 00:14:08,600 But we bought in that period between after kind of the 251 00:14:08,600 --> 00:14:14,280 membership extras were removed in April of 20/20/16 from resale 252 00:14:14,280 --> 00:14:18,480 buyers and before what we really know is resale restrictions 253 00:14:18,480 --> 00:14:20,840 today. And yet it did have an impact on 254 00:14:20,840 --> 00:14:24,520 us. We wanted that direct contract 255 00:14:24,520 --> 00:14:25,680 because. Yeah. 256 00:14:25,720 --> 00:14:30,400 So I was looking at the date. So we so we made our first 257 00:14:30,400 --> 00:14:32,800 purchase. We started the resale process in 258 00:14:32,800 --> 00:14:39,560 January of 2018 and the direct minimum increased from 25 points 259 00:14:39,560 --> 00:14:42,960 to 75 points on February 25th of 2018. 260 00:14:43,200 --> 00:14:47,840 So I do remember that we were they had made that announcement. 261 00:14:47,840 --> 00:14:51,960 So they did give a warning, which is funny because it was 262 00:14:51,960 --> 00:14:54,960 probably the one of the best sales pushes, you know, to begin 263 00:14:54,960 --> 00:14:58,240 with that they had given. And I don't remember, Derek, 264 00:14:58,240 --> 00:15:00,640 you, you were probably selling back then. 265 00:15:00,640 --> 00:15:03,920 Do you remember how big of a warning they gave us? 266 00:15:03,920 --> 00:15:09,320 Because Paul and I had enough time to purchase direct before 267 00:15:09,320 --> 00:15:13,720 the minimum changed up to 75, but we had like a kerfuffle with 268 00:15:13,720 --> 00:15:16,760 living in West Virginia and we had, we had enough time to work 269 00:15:16,760 --> 00:15:20,960 it out and still make that purchase before that September 270 00:15:20,960 --> 00:15:23,120 25th deadline. So I feel like we had a few 271 00:15:23,120 --> 00:15:27,240 weeks maybe or less, but we did have a little time. 272 00:15:27,800 --> 00:15:29,840 Yeah, yeah. I don't remember that one 273 00:15:29,840 --> 00:15:32,440 specifically, but once we started talking about this, it 274 00:15:32,440 --> 00:15:34,480 made me immediately think of the one that we're going to talk 275 00:15:34,480 --> 00:15:38,520 about soon, which is when they said no Riviera beyond this 276 00:15:38,520 --> 00:15:40,920 point, no resorts beyond this point. 277 00:15:40,920 --> 00:15:44,360 Because I could, I could share, share the story now or I'll 278 00:15:44,360 --> 00:15:46,800 share it later. But that was a huge one, 279 00:15:46,800 --> 00:15:48,880 especially being over here at the DVC. 280 00:15:48,880 --> 00:15:49,880 Yeah, it. Was crazy. 281 00:15:49,880 --> 00:15:52,160 What was your last year as a direct guide? 282 00:15:52,440 --> 00:15:55,440 What year were you 2? 1017. 283 00:15:55,760 --> 00:15:57,120 OK. So that's yeah. 284 00:15:57,120 --> 00:16:00,000 So you you had kind of did a lot of that. 285 00:16:01,400 --> 00:16:06,360 Before we move on to 2019, Derek in, in 2017, you at least were 286 00:16:06,360 --> 00:16:11,160 experiencing a little bit of people potentially choosing to 287 00:16:11,160 --> 00:16:15,160 buy for those resale benefits or I guess for those direct 288 00:16:15,160 --> 00:16:19,200 benefits at the time. Was that part, I mean, did you 289 00:16:19,200 --> 00:16:21,680 get people calling? Was that part of the sales pitch 290 00:16:21,720 --> 00:16:23,680 like? Oh yeah, yeah, yeah, yeah, yeah, 291 00:16:23,680 --> 00:16:25,080 yeah. You would always meet people 292 00:16:25,080 --> 00:16:27,840 like, Oh yeah, I have X amount of points and I'm resell 293 00:16:27,840 --> 00:16:29,760 especially I think in that time I was on the cruise ship. 294 00:16:29,760 --> 00:16:33,160 And so you'd have every member could come to a Disney Vacation 295 00:16:33,160 --> 00:16:35,680 Club cruise ship member, celebration member meeting 296 00:16:35,680 --> 00:16:37,200 because we want you to add more points. 297 00:16:37,520 --> 00:16:40,560 But we'd sit down with a lot of people and and they would add on 298 00:16:40,560 --> 00:16:43,040 points. Not for the specific promo that 299 00:16:43,040 --> 00:16:45,960 we were talking about during the ship was it was basically I have 300 00:16:45,960 --> 00:16:49,360 all my points on the resale market, but I want to buy 75 301 00:16:49,600 --> 00:16:53,360 because I want to qualify perks. There's no discount, there's no 302 00:16:53,360 --> 00:16:54,760 bells or whistle. They didn't care. 303 00:16:54,760 --> 00:16:57,640 But they would come in and we would write a lot of 75 point 304 00:16:57,640 --> 00:17:00,240 contracts just because they wanted to get their foot in the 305 00:17:00,240 --> 00:17:01,880 door because that's the important thing. 306 00:17:02,040 --> 00:17:03,880 And you know, I think we talked about it, used the phrase 307 00:17:03,880 --> 00:17:06,200 grandfathered in and that's what I tell people now. 308 00:17:06,200 --> 00:17:09,920 I'm like, listen, get in because any changes that I can't even 309 00:17:09,920 --> 00:17:12,400 fathom what else they could possibly do at this point, But 310 00:17:12,400 --> 00:17:16,359 any changes that happened once you're in, that door's closed. 311 00:17:16,640 --> 00:17:19,800 Like they can't go back and change the rules for anybody 312 00:17:19,800 --> 00:17:21,720 else. They can't go back and say, oh, 313 00:17:21,720 --> 00:17:25,119 now resale members, from this point on, regardless if you 314 00:17:25,119 --> 00:17:27,520 already have your points, you can only stay at your home 315 00:17:27,520 --> 00:17:29,400 resort. We're making that change and 316 00:17:29,400 --> 00:17:32,200 that is final. Like no one can do that. 317 00:17:32,200 --> 00:17:35,440 So once you're in, you're in. So that's always what I try to 318 00:17:35,440 --> 00:17:39,880 tell people now, especially on on the resale side, just get in, 319 00:17:40,120 --> 00:17:43,440 you know, don't don't worry, just get in the door because 320 00:17:43,640 --> 00:17:47,160 there's people that got on the door that can use their resale 321 00:17:47,160 --> 00:17:48,480 points. There's people like you said, 322 00:17:48,640 --> 00:17:52,640 that have direct benefits and they own 25 direct points. 323 00:17:52,880 --> 00:17:56,200 There's people that use their points resale points at Riviera. 324 00:17:56,200 --> 00:18:00,680 So, but that was a big one, that 2019 one that was, that was 325 00:18:00,680 --> 00:18:02,320 crazy. So let's unpack that now. 326 00:18:02,320 --> 00:18:06,880 What happened in 2019 that really changed the game of yeah, 327 00:18:06,880 --> 00:18:09,360 resale restrictions? Yeah, so this was, this is the 328 00:18:09,360 --> 00:18:12,120 biggest one obviously, and this is the one that we're still, you 329 00:18:12,120 --> 00:18:16,480 know, we see the effects as each new resort comes online. 330 00:18:16,800 --> 00:18:24,640 But January 19th, 2019. So basically Disney Vacation 331 00:18:24,640 --> 00:18:30,480 Club said, OK, as of January 19th, 2019, if you purchase 332 00:18:30,480 --> 00:18:37,400 resale at the original 14 resorts, then you are able yes, 333 00:18:37,400 --> 00:18:41,400 to use those, those, you know, points at those original 14 334 00:18:41,400 --> 00:18:44,280 resorts, But now you are restricted from using those 335 00:18:44,280 --> 00:18:49,040 points at any new or future DVC resorts. 336 00:18:49,680 --> 00:18:53,960 And then on the flip side of that, if you purchase resale at 337 00:18:54,320 --> 00:18:59,280 a new or future DVC resort association, a new association, 338 00:19:00,240 --> 00:19:02,720 it was starting with Riviera, which was in the process of 339 00:19:02,720 --> 00:19:07,080 being built at that time, then your resale points are only 340 00:19:07,080 --> 00:19:09,160 going to be good at that resort only. 341 00:19:09,400 --> 00:19:12,160 So what that meant was if you bought the original 14, let's 342 00:19:12,160 --> 00:19:17,720 say Grand Floridian, you resale, you could use those resale Grand 343 00:19:17,720 --> 00:19:20,520 Floridian points at your home resort and at the seven month 344 00:19:20,520 --> 00:19:22,760 window. You can use them at the other 345 00:19:22,760 --> 00:19:25,560 original 14 resorts, which include you know what most of 346 00:19:25,560 --> 00:19:28,520 you know, you know, Animal Kingdom, Milani Bay Lake Beach 347 00:19:28,520 --> 00:19:29,760 Club. I'm not going to rattle all of 348 00:19:29,760 --> 00:19:33,920 them off, but you could not use those Grand Floridian resale 349 00:19:33,920 --> 00:19:37,840 points at Riviera or any new associations that came up. 350 00:19:38,320 --> 00:19:40,960 And I'm using the word new association just because we had 351 00:19:41,720 --> 00:19:44,680 like a little wrench thrown in called the island tower that 352 00:19:44,680 --> 00:19:47,440 even though it's a new quote UN quote resort is that. 353 00:19:47,520 --> 00:19:48,760 Is that part of the same association? 354 00:19:49,160 --> 00:19:51,720 Became part of the same association as the existing 355 00:19:51,720 --> 00:19:55,640 Polynesian the grandfathering it into the original 14 resort. 356 00:19:56,000 --> 00:20:00,640 Out there. Anyways, so, so with that said, 357 00:20:01,520 --> 00:20:04,720 you know, as we've had new resorts, so far it's been 358 00:20:04,720 --> 00:20:08,120 Riviera, then the Disneyland Hotel, then Fort Wilderness. 359 00:20:08,680 --> 00:20:13,520 Those resale at those three resorts, if you buy them, are 360 00:20:13,520 --> 00:20:16,720 restricted to only that resort. So if you buy Fort Wilderness, 361 00:20:16,920 --> 00:20:18,520 your restriction is just Fort Wilderness. 362 00:20:18,680 --> 00:20:22,920 It was a common misconception among people that oh OK, if I'm 363 00:20:22,920 --> 00:20:25,080 buying a new resort, I'm just going to be stuck at the new 364 00:20:25,080 --> 00:20:27,240 resort. So like if I bought Riviera, 365 00:20:27,240 --> 00:20:30,120 that means I'm just going to be able to use it at Riviera and 366 00:20:30,120 --> 00:20:33,080 Fort Wilderness and Disneyland Hotel and anything that comes 367 00:20:33,080 --> 00:20:34,960 new after that. No, that's not how it worked. 368 00:20:35,240 --> 00:20:38,560 The new resorts are stricted to their resort only. 369 00:20:39,360 --> 00:20:42,680 So that was a big, that was a big thing because, and it's a 370 00:20:42,680 --> 00:20:46,720 big thing for, for not just resale purchasers, but for 371 00:20:46,720 --> 00:20:49,360 direct purchasers. Because, you know, we talked 372 00:20:49,360 --> 00:20:52,840 about that, that that GAP Insurance, you know, Aulani is 373 00:20:52,840 --> 00:20:54,440 one thing. It's just because of how far 374 00:20:54,440 --> 00:20:56,480 away it is. But now we have a beautiful 375 00:20:56,480 --> 00:21:01,200 resort at Disney World that if you buy it direct and we see 376 00:21:01,200 --> 00:21:05,720 people try to refinance Riviera contracts or tried to sell 377 00:21:05,720 --> 00:21:08,320 Riviera contracts that they have had for a very short time. 378 00:21:08,320 --> 00:21:09,880 And they purchased directly through Disney. 379 00:21:10,160 --> 00:21:13,920 And they've, they're underwater because they have this huge gap 380 00:21:14,200 --> 00:21:17,640 in value between, you know, what they purchased paid direct for 381 00:21:17,840 --> 00:21:21,480 and what the value is resale wise because of those 382 00:21:21,480 --> 00:21:23,440 restrictions. You very much have to view it 383 00:21:23,440 --> 00:21:26,640 these days as driving that new car right off the lot. 384 00:21:26,640 --> 00:21:29,640 Right, and you're losing value as soon as you take it off the. 385 00:21:29,640 --> 00:21:33,800 Lot unless you hold that contract for a good 5 seven 386 00:21:33,800 --> 00:21:36,640 years or. So you're using it and, you 387 00:21:36,640 --> 00:21:40,280 know, if you're using it, you're loving it and and you're going 388 00:21:40,280 --> 00:21:42,200 to have it for a long time. Not a big deal. 389 00:21:42,200 --> 00:21:45,920 But you know, unfortunately life does happen and you just don't 390 00:21:45,920 --> 00:21:48,200 know what's going to happen and when you might need to sell a 391 00:21:48,200 --> 00:21:51,880 contract. And so, yeah, you just you, you 392 00:21:51,880 --> 00:21:55,400 unfortunately you, you lose that value very quickly on those 393 00:21:55,400 --> 00:21:57,280 resorts because of those restrictions. 394 00:21:57,280 --> 00:22:01,040 So Derek, I've got down written. The date was January 19th. 395 00:22:01,880 --> 00:22:06,240 I think that was the correct date when when the the resale 396 00:22:06,240 --> 00:22:09,640 restrictions for for Riviera were announced and it changed 397 00:22:09,640 --> 00:22:13,440 resale forever. Tell me yeah, I want I want the 398 00:22:13,440 --> 00:22:17,640 full detail like the the the sleepless nights, the. 399 00:22:18,000 --> 00:22:21,680 Million the story. Meetings that occurred right as 400 00:22:21,680 --> 00:22:25,360 that news came out and kind of just how it shifted resale in 401 00:22:25,360 --> 00:22:27,160 general. Well, it was kind of funny 402 00:22:27,160 --> 00:22:30,280 because there is a story that goes with it is we remember 403 00:22:30,280 --> 00:22:34,920 hearing about it, Nick, our CEO that started the company, the 404 00:22:34,920 --> 00:22:38,000 brilliant Nick Cotton. All of a sudden Marissa and I 405 00:22:38,000 --> 00:22:41,040 were talking because Nick, we had to have an emergency 406 00:22:41,280 --> 00:22:43,120 meeting. This was probably a couple of 407 00:22:43,120 --> 00:22:48,080 weeks prior to that, January 19th and nobody knew what this 408 00:22:48,080 --> 00:22:49,480 quote UN quote, emergency meeting. 409 00:22:49,480 --> 00:22:51,800 It was mandatory. It was like everybody's got to 410 00:22:51,800 --> 00:22:53,000 meet. We got to meet in person. 411 00:22:53,000 --> 00:22:54,880 This is huge. And we're like, Oh my God, what 412 00:22:54,880 --> 00:22:56,720 is it? What's going on, blah, blah, 413 00:22:56,720 --> 00:22:59,640 blah. That's when we were told and all 414 00:22:59,640 --> 00:23:02,640 of us, you know, we're we're told, hey, you know what, this 415 00:23:02,640 --> 00:23:04,840 is what's going to happen. We heard from Disney starting on 416 00:23:04,840 --> 00:23:07,400 January 19th. Again, I want to say it was a 417 00:23:07,400 --> 00:23:11,120 couple weeks notice. So you could probably go back 418 00:23:11,120 --> 00:23:13,960 and it makes me want to go back to see how we communicated that 419 00:23:13,960 --> 00:23:16,760 to people, which we did. I'm sure it was maybe a couple 420 00:23:16,760 --> 00:23:19,840 of podcasts and maybe we did some, some blogs or whatnot 421 00:23:19,840 --> 00:23:23,560 because the couple of weeks notice that Disney again was 422 00:23:23,560 --> 00:23:25,360 kind enough. They didn't probably have to do 423 00:23:25,360 --> 00:23:27,440 it, but they gave us a couple weeks notice. 424 00:23:28,080 --> 00:23:31,520 It was like a free for all, as you can imagine. 425 00:23:31,720 --> 00:23:34,440 It was for people working. You were working. 426 00:23:34,440 --> 00:23:38,800 It was like once the news hit, it was the offers were coming 427 00:23:38,800 --> 00:23:41,600 in, the phones were ringing off the hook, The live chat was 428 00:23:41,600 --> 00:23:44,200 exploding. People were just wanting to get 429 00:23:44,200 --> 00:23:48,080 in before that deadline, right? Because Disney was saying, OK, 430 00:23:48,120 --> 00:23:50,320 you know what, as long as you got a signed contract, it's not 431 00:23:50,320 --> 00:23:52,440 like it had to pass Roefer or anything else. 432 00:23:52,440 --> 00:23:55,000 It was like, listen, as long as I think it was, as long as it 433 00:23:55,000 --> 00:23:59,120 was submitted to Disney for Roefer and they stamp it prior 434 00:23:59,120 --> 00:24:03,400 to that date, then you're good. And I remember working many of 435 00:24:03,400 --> 00:24:07,240 shifts where it was you couldn't even keep up with people were 436 00:24:07,240 --> 00:24:09,360 calling and I just want to buy something. 437 00:24:09,360 --> 00:24:11,720 I don't even care what. Just tell me some points. 438 00:24:11,800 --> 00:24:13,800 I don't even care. Like my gosh. 439 00:24:14,560 --> 00:24:17,680 It was comical and we were going through like, okay, Oh my God, 440 00:24:17,680 --> 00:24:20,640 it was this offer, this offer, this offer, because it was kind 441 00:24:20,640 --> 00:24:23,680 of a mad dash and it was people going, I've been thinking about 442 00:24:23,680 --> 00:24:25,760 it, it might as well do it. Now is the time. 443 00:24:26,520 --> 00:24:28,960 So, yeah, it was one of those that we haven't had anything 444 00:24:28,960 --> 00:24:33,320 like that obviously since because it was such a crazy. 445 00:24:33,560 --> 00:24:36,680 It was crazy. I just remember seeing and 446 00:24:36,680 --> 00:24:39,760 watching our e-mail inbox, which is where when people make 447 00:24:39,760 --> 00:24:42,600 offers, offers will come in. Yeah, like this. 448 00:24:42,920 --> 00:24:48,800 It was just like, like just constantly just people just 449 00:24:48,800 --> 00:24:51,480 buying points. And it was because, again, those 450 00:24:51,480 --> 00:24:55,760 are the people that got in and those are the people that have 451 00:24:55,760 --> 00:24:58,840 their points that they could use at the Riviera and they could 452 00:24:58,840 --> 00:25:02,040 use them at the future resorts. I know there's viewers out 453 00:25:02,040 --> 00:25:03,480 there. I know there's listeners out 454 00:25:03,480 --> 00:25:05,280 there that have. So let us know in the comments 455 00:25:05,280 --> 00:25:09,240 if you were one of those people. But Amy, you nailed it on the 456 00:25:09,240 --> 00:25:12,600 head. I think Disney had this idea, 457 00:25:12,680 --> 00:25:15,600 like I'm sure they had meetings and it was this, this is what 458 00:25:15,600 --> 00:25:17,240 we're going to do. We're going to put this 459 00:25:17,240 --> 00:25:19,240 restriction on them and we're going to show them. 460 00:25:19,240 --> 00:25:21,120 We're going to make it, you know, such a no brainer. 461 00:25:21,400 --> 00:25:24,760 But what they want doing. And I don't know if they truly 462 00:25:24,760 --> 00:25:27,320 thought about it. And Amy said it, you hurt the 463 00:25:27,320 --> 00:25:32,680 people that buy direct from you because every day I have people 464 00:25:32,680 --> 00:25:35,120 that reach out to me to sell their contract. 465 00:25:35,120 --> 00:25:39,200 And if it's a Riviera, I know, I say to myself, I go, I bet you 466 00:25:39,200 --> 00:25:41,560 they have a loan out on it. I bet you they do. 467 00:25:41,720 --> 00:25:44,480 And I bet you they bought it for over $200 a point. 468 00:25:44,800 --> 00:25:47,360 And we're going to tell them it's going to sell for like 120. 469 00:25:47,600 --> 00:25:50,440 It's going to sell for 1:25 because they put the 470 00:25:50,440 --> 00:25:52,560 restriction. And then you tell them and 471 00:25:52,640 --> 00:25:55,560 Disney's not when you're buying with them back then and you're 472 00:25:55,800 --> 00:25:58,800 buying the Riviera, you know, and signing your contract. 473 00:25:59,120 --> 00:26:02,920 You want to make that process, you know, as easy and fun and 474 00:26:02,920 --> 00:26:05,680 light as it possibly can be, you know, and it's OK, perfect. 475 00:26:05,680 --> 00:26:07,720 Right here. Let's sign by Mickey and put 476 00:26:07,720 --> 00:26:10,280 your date by the palm trees right there and the next page. 477 00:26:10,560 --> 00:26:13,720 So when they get to that last page, you know, or so of that 478 00:26:13,720 --> 00:26:17,000 contract that says, and when you go to sell your contract, the 479 00:26:17,000 --> 00:26:19,560 new owner will only be able to use it there and nowhere else. 480 00:26:19,680 --> 00:26:20,840 So if you can go ahead and sign there. 481 00:26:23,280 --> 00:26:26,520 They gloss over that because I've had many conversations and 482 00:26:26,520 --> 00:26:29,440 I still do to where they go, well, why is it so low? 483 00:26:29,600 --> 00:26:32,680 Like Derek, I bought it for like 200 plus per point. 484 00:26:32,680 --> 00:26:35,280 Like why is it low? And you try to explain to them 485 00:26:35,280 --> 00:26:37,960 and then they go, well, I don't I don't remember that man. 486 00:26:37,960 --> 00:26:39,680 Oh God, I probably wouldn't have bought it. 487 00:26:39,680 --> 00:26:43,240 You know, I didn't realize that. That's why you know, the people 488 00:26:43,240 --> 00:26:47,440 that buy the Riviera now, you know, there is kind of a happy 489 00:26:47,440 --> 00:26:51,520 ending per SE as I say for those resorts is the people that love 490 00:26:51,680 --> 00:26:55,800 those prices are folks that didn't make it into the deadline 491 00:26:55,800 --> 00:26:59,480 but want Riviera members are able to get Riviera at 492 00:26:59,480 --> 00:27:02,360 ridiculous prices. So they have their resale points 493 00:27:02,680 --> 00:27:07,080 for the 14 and they will buy 50. They'll buy 100 ribs, they'll 494 00:27:07,080 --> 00:27:10,840 buy A125150 whatever for it's just a couple nights or it's 495 00:27:10,840 --> 00:27:13,160 every other year and they don't care about the use year. 496 00:27:13,160 --> 00:27:15,840 So they're getting rib at, you know, over 100 bucks off less 497 00:27:15,840 --> 00:27:19,080 per point new members. Again, those are the folks that 498 00:27:19,080 --> 00:27:21,760 do do the research and you know, you're not going to want to be a 499 00:27:21,760 --> 00:27:26,600 brand new member and buy a Riviera contract and only stay 500 00:27:26,640 --> 00:27:30,360 at the Riviera. So I think that's where I'm very 501 00:27:30,360 --> 00:27:34,640 curious to see how it's all going to shake out when all the 502 00:27:34,640 --> 00:27:38,520 Riviera owners at 11 months and then all the resale owners that 503 00:27:38,520 --> 00:27:42,320 can only use their points, what's the availability going to 504 00:27:42,360 --> 00:27:44,640 look like when everybody's competing for that? 505 00:27:44,640 --> 00:27:46,960 But yeah. That was absolutely what I, I 506 00:27:46,960 --> 00:27:50,160 was just about to say is, you know, people complain about 507 00:27:50,360 --> 00:27:54,160 getting in it to DVC it, you know, the busy times of the 508 00:27:54,160 --> 00:27:56,080 year. I feel like they've limited 509 00:27:56,080 --> 00:27:58,280 Riviera so much. And this will be the first one 510 00:27:58,280 --> 00:28:02,200 that we can kind of use as a litmus test because, you know, 511 00:28:02,200 --> 00:28:05,480 Disneyland isn't selling super well and the cabins they can't 512 00:28:05,480 --> 00:28:08,160 give away. Aulani's been on sale since 513 00:28:08,160 --> 00:28:11,760 1972. We're nearing the end. 514 00:28:11,760 --> 00:28:15,160 Like Riviera is probably going to be sold out this year or 515 00:28:15,160 --> 00:28:18,320 early next year. I think we all are pretty close 516 00:28:18,320 --> 00:28:19,800 in agreement there. Yep. 517 00:28:20,520 --> 00:28:22,600 There's too many people that can only stay there. 518 00:28:22,600 --> 00:28:25,160 It doesn't spread everybody out. Kind of like we talked about in 519 00:28:25,160 --> 00:28:29,560 the last show about having a safety valve for Lions and Parks 520 00:28:29,560 --> 00:28:31,680 and being able to put people different places. 521 00:28:31,680 --> 00:28:34,680 Like it's just going to be a mad dash on Riviera because that's 522 00:28:34,680 --> 00:28:36,800 the only place people can use these points. 523 00:28:36,800 --> 00:28:39,680 So I think they've done themselves a disservice. 524 00:28:39,680 --> 00:28:42,960 It will, Yep. We'll see how loud the villagers 525 00:28:42,960 --> 00:28:45,960 get when that really becomes the problem. 526 00:28:46,480 --> 00:28:48,840 But you've you've already kind of heard some rumblings there 527 00:28:48,840 --> 00:28:52,000 that it, it's harder to book than people thought it would be, 528 00:28:52,000 --> 00:28:53,680 even though it's a it's a pretty large resort. 529 00:28:53,680 --> 00:28:55,160 So I don't know. We'll see. 530 00:28:56,240 --> 00:28:58,360 Yeah. And this mimics, you know, very, 531 00:28:58,760 --> 00:29:02,920 very much what most of the other timeshare industry has done. 532 00:29:02,920 --> 00:29:05,480 And I feel like that's the second time tonight I've said 533 00:29:05,480 --> 00:29:08,440 that. So it's unfortunate, but you 534 00:29:08,440 --> 00:29:11,200 know, it does. It is traditional timeshare is 535 00:29:11,200 --> 00:29:14,680 used to this, you know, you buy a week at that specific resort 536 00:29:14,680 --> 00:29:19,000 or property and you own that week at that specific resort or 537 00:29:19,000 --> 00:29:21,040 property. So that's where some of this 538 00:29:21,040 --> 00:29:28,080 mindset has come from with these restrictions, but we've changed, 539 00:29:28,120 --> 00:29:31,400 you know, even with DVC leadership from where these 540 00:29:31,400 --> 00:29:35,480 originally came from. But with the newer resorts we're 541 00:29:35,480 --> 00:29:38,000 seeing, you know, Fort Wilderness continue the 542 00:29:38,000 --> 00:29:39,960 restriction. It doesn't seem like anything 543 00:29:39,960 --> 00:29:42,200 that they're getting rid of anytime soon. 544 00:29:42,640 --> 00:29:46,040 But down the road, there are going to be a lot of questions 545 00:29:46,040 --> 00:29:47,960 to be asked. And Jeff, as you said, Riviera 546 00:29:47,960 --> 00:29:50,720 is going to be that first one that really kind of test this 547 00:29:50,720 --> 00:29:53,480 product product. Derek, while you were giving 548 00:29:53,480 --> 00:29:57,520 giving us the the history of of Disney Vacation Club back to the 549 00:29:57,520 --> 00:30:03,440 1900s, I was pulling up the the blogs that were actually written 550 00:30:03,800 --> 00:30:05,760 back when all of this was done by. 551 00:30:05,760 --> 00:30:10,200 DVC resale market. Yeah, so the the specific blog 552 00:30:10,200 --> 00:30:15,400 on the resale restrictions actually was updated in 2024 by 553 00:30:15,400 --> 00:30:20,200 a gentleman named Paul Kraiger. Sounds like a goof, so I 554 00:30:20,200 --> 00:30:22,040 wouldn't go back and read that personally. 555 00:30:22,040 --> 00:30:28,200 But that was that was updated in 2024, but the the average price 556 00:30:28,200 --> 00:30:33,000 blog that DVC resale market has been doing forever. 557 00:30:33,520 --> 00:30:35,920 I actually write that blog at the beginning of every month 558 00:30:35,920 --> 00:30:38,280 now. But back in 2019, I was not. 559 00:30:38,280 --> 00:30:42,400 I actually believe that our Nick Cotton was was writing it back 560 00:30:42,400 --> 00:30:44,720 at that time. But the most telling thing that 561 00:30:44,720 --> 00:30:49,440 I, that I saw on that on that blog, it was from January of 562 00:30:49,440 --> 00:30:56,800 2019 was the fact that DVC resale market sold over 400 563 00:30:56,800 --> 00:31:04,760 contracts in a two week period. And I can only imagine how fast 564 00:31:04,760 --> 00:31:09,920 your fingers were flying on the keyboard, Derek, which by the 565 00:31:09,920 --> 00:31:12,920 way, someone, an audio listener picked up on your keyboard 566 00:31:12,920 --> 00:31:16,080 clacking on one of our last, our last episodes. 567 00:31:16,200 --> 00:31:17,080 Oh. That wasn't you. 568 00:31:17,520 --> 00:31:18,880 I don't know if it was me or Derek. 569 00:31:18,920 --> 00:31:20,560 I think it I thought it was Paul. 570 00:31:20,560 --> 00:31:23,200 It could have been me. Yeah, I think that was Paul. 571 00:31:23,640 --> 00:31:24,400 Yeah, OK. Yeah. 572 00:31:26,400 --> 00:31:29,960 But anyhow like that, like I know the volumes that you know 573 00:31:29,960 --> 00:31:35,160 resale market move 400 in two weeks, that is like unheard of. 574 00:31:35,160 --> 00:31:39,640 So there was definitely an immediate market reaction to 575 00:31:39,680 --> 00:31:42,600 this and. It was like, it was like, what 576 00:31:42,600 --> 00:31:44,360 do you got left? You're like, you got any Bay 577 00:31:44,360 --> 00:31:46,320 Lake? No, I got some Hilton Head. 578 00:31:46,560 --> 00:31:52,640 Anybody want Hilton? It's like the old Stock Exchange 579 00:31:52,640 --> 00:31:53,680 floor. Yeah. 580 00:31:53,680 --> 00:31:57,960 I mean the, the the article kind of mentioned that for sellers it 581 00:31:57,960 --> 00:32:00,920 was the perfect time to sell because you were getting full 582 00:32:00,920 --> 00:32:05,480 price offers or above. And you know, people were yeah, 583 00:32:06,560 --> 00:32:09,520 inventory was going out the door much quicker than it was coming 584 00:32:09,520 --> 00:32:12,400 in just because everyone wanted to kind of lock in those 585 00:32:12,400 --> 00:32:15,720 benefits. So I can only imagine if I were 586 00:32:15,720 --> 00:32:19,320 a member at that time and I was looking to like, you know, well, 587 00:32:19,320 --> 00:32:21,960 I. Wasn't we were we, we hadn't, we 588 00:32:21,960 --> 00:32:24,880 didn't buy during that time because we didn't need to. 589 00:32:24,880 --> 00:32:31,160 We had at that point in time we're talking 2019 we had, we 590 00:32:31,160 --> 00:32:35,760 already had, we already had our in Kingdom, our Grandfa rating 591 00:32:35,760 --> 00:32:39,000 contract or other animal Kingdom, our boardwalk. 592 00:32:39,000 --> 00:32:43,680 So a majority of our points are grandfathered in prior to that 593 00:32:43,680 --> 00:32:46,280 2019 change. But I will say it's a decision 594 00:32:46,280 --> 00:32:49,040 that we've talked about several times where we've looked at like 595 00:32:49,040 --> 00:32:51,360 the points that we've owned and questioned like. 596 00:32:52,240 --> 00:32:54,080 It's stopped us from selling. Yeah. 597 00:32:54,120 --> 00:32:58,040 If you know, we made the, the one mistake that we really made 598 00:32:58,040 --> 00:33:02,840 that we look back on is that we bought in 160 point resale 599 00:33:02,840 --> 00:33:05,960 Animal Kingdom contract. And then we did that 50 point 600 00:33:05,960 --> 00:33:10,800 contract at Animal Kingdom also, which brought us up to 210 at 601 00:33:10,800 --> 00:33:12,680 Animal Kingdom. And we almost look back at it 602 00:33:12,680 --> 00:33:15,800 and go, I wish I had maybe bought the 50 direct at a 603 00:33:15,800 --> 00:33:18,920 different resort just to kind of diversify a little bit more. 604 00:33:19,840 --> 00:33:24,000 But then we always look at, you know, oh, what if you sold this 605 00:33:24,000 --> 00:33:29,600 contractor that and it's like, well, those 160 points are they 606 00:33:29,720 --> 00:33:32,320 they're non restricted. They they don't have any resell. 607 00:33:32,520 --> 00:33:35,520 We. Sell them and then that 50 point 608 00:33:35,520 --> 00:33:38,480 contract is what locks us in right now for our member 609 00:33:38,480 --> 00:33:40,400 benefits. So why would we sell those? 610 00:33:40,400 --> 00:33:43,600 So we almost view those now as like our lifer contracts that 611 00:33:43,600 --> 00:33:46,080 we're like holding onto, which I'm sure a lot of other people 612 00:33:46,080 --> 00:33:49,160 are in a similar boat that it, you know, bought before that, 613 00:33:50,560 --> 00:33:52,760 bought before that period of time, so. 614 00:33:55,000 --> 00:33:56,840 Yeah. Oh, I was going to say so. 615 00:33:56,920 --> 00:34:00,560 So that was the big, that was like the big kind of bomb. 616 00:34:00,880 --> 00:34:05,360 I feel like that the DVC dropped after that. 617 00:34:05,360 --> 00:34:10,400 The the only real, real changes that we saw were we saw those 618 00:34:10,400 --> 00:34:15,280 direct minimums increase. And so I think it's interesting, 619 00:34:15,960 --> 00:34:20,080 you know, so the first one was February of 2018 when it 620 00:34:20,080 --> 00:34:23,040 increased to 75 points. And then after that was when 621 00:34:23,679 --> 00:34:26,920 when we saw that big, that big change that we were just talking 622 00:34:26,920 --> 00:34:29,080 about. But then that same year in 623 00:34:29,080 --> 00:34:32,840 September, September 17th, 2019, the direct minimum went up from 624 00:34:33,159 --> 00:34:39,120 75 to 100. In October of October 19th of 625 00:34:39,120 --> 00:34:45,120 2020, it went up to 125 points. And then June 3rd, 2021, it went 626 00:34:45,120 --> 00:34:48,679 up to 150 points. So we saw an increase of 25 627 00:34:48,679 --> 00:34:56,719 points every single year for four years from 2018 till 2021. 628 00:34:56,719 --> 00:35:01,720 And it stayed at 150 for the last four, 4 1/2 years. 629 00:35:02,000 --> 00:35:05,240 So I, I think that's interesting, you know, do we 630 00:35:05,240 --> 00:35:09,560 ever think it's going to go back up from 150? 631 00:35:12,080 --> 00:35:13,880 Yes, there's someone coughing. Yes. 632 00:35:14,160 --> 00:35:16,680 It hasn't for for what, 4 1/2 years? 633 00:35:16,680 --> 00:35:20,040 So I mean, it's just crazy to me that they haven't for that long. 634 00:35:20,760 --> 00:35:23,400 100%, I guarantee. And I think I made a prediction 635 00:35:23,400 --> 00:35:26,200 a couple of a couple of months ago and people are going to hold 636 00:35:26,200 --> 00:35:30,280 me to it that I said. I think by the time in or around 637 00:35:30,320 --> 00:35:33,840 Lakeshore Lodge, when it opens, I think it's gonna go up to like 638 00:35:33,840 --> 00:35:36,680 175. But I think it will increase and 639 00:35:36,680 --> 00:35:40,320 I think it will be around the time of Lakeshore Lodge A. 100% 640 00:35:40,400 --> 00:35:42,520 I think there's a lot of excitement for Lakeshore Lodge, 641 00:35:42,520 --> 00:35:47,120 so that seems plausible. Yeah, that that timeline tracks 642 00:35:47,120 --> 00:35:49,480 that you were just talking about Amy, because I told you guys I'd 643 00:35:49,520 --> 00:35:52,640 I'd bought in my my old Key West resell. 644 00:35:53,520 --> 00:35:56,360 I remember the reason I pulled the trigger on my direct is 645 00:35:56,360 --> 00:36:00,880 because they had announced the increase from 1:25 to 1:50. 646 00:36:01,440 --> 00:36:03,240 And I. Was like it was right after that 647 00:36:03,240 --> 00:36:05,280 first contract closed in October. 648 00:36:05,280 --> 00:36:07,480 So yeah, yeah, that, that's. Exactly. 649 00:36:07,480 --> 00:36:09,760 Yeah, that's 25 points. You know, that's, I mean that 650 00:36:09,760 --> 00:36:14,040 literally did it for us. We bought 50 direct real quick 651 00:36:14,240 --> 00:36:18,760 so that we didn't have to have 75 for the yeah, for the parks. 652 00:36:20,000 --> 00:36:22,600 And then if you have that contract that you were 653 00:36:22,600 --> 00:36:26,440 grandfathered in or so ours is a 50 point animal Kingdom, we have 654 00:36:26,440 --> 00:36:30,120 those direct perks as long as we maintain and keep that 50 point 655 00:36:30,120 --> 00:36:32,760 and we'll take them. Now, once that expires in 2057, 656 00:36:33,080 --> 00:36:37,120 we lose those perks and then we're subject to whatever the 657 00:36:37,120 --> 00:36:39,400 minimum is at the time. So that's something to consider, 658 00:36:39,400 --> 00:36:44,120 especially if you, you know, let's say you got in, you know, 659 00:36:44,120 --> 00:36:47,360 with the direct benefits and at the time it's, it's now what it 660 00:36:47,360 --> 00:36:50,480 is, 150 points. And you got your direct benefits 661 00:36:50,480 --> 00:36:55,200 by purchasing 50 points at Boardwalk, 50 points at Animal 662 00:36:55,200 --> 00:36:58,160 Kingdom, 50 points at Polynesian. 663 00:36:58,600 --> 00:37:04,800 Come 2042, you're going to lose 1/3 of what makes up your direct 664 00:37:04,800 --> 00:37:08,480 benefits when that Boardwalk contract expires. 665 00:37:08,640 --> 00:37:12,440 So then you are now subject to, if it changes to 175. 666 00:37:12,840 --> 00:37:15,960 Once you lose that, you're subject to whatever the next 667 00:37:15,960 --> 00:37:18,960 number is, if that makes sense. So then you in order to recoup 668 00:37:19,160 --> 00:37:21,760 those benefits, now you have to get whatever it is. 669 00:37:21,760 --> 00:37:25,520 So if it goes up to 175 like Derek's predicting, then so 670 00:37:25,520 --> 00:37:26,600 that's something to keep in mind. 671 00:37:26,600 --> 00:37:29,720 If you are spread out with different contracts, you know 672 00:37:29,720 --> 00:37:32,520 what I mean? You have to maintain that number 673 00:37:32,560 --> 00:37:35,360 if you're grandfathered in with those same contracts that you. 674 00:37:35,480 --> 00:37:38,600 Had it's a broader question that I had kind of on our list for 675 00:37:38,600 --> 00:37:43,680 tonight, which was what this future that we live in now with 676 00:37:43,680 --> 00:37:48,840 resale restrictions looks like and how that impacts us 677 00:37:48,840 --> 00:37:53,000 specifically once we hit 2042. Because I think there's broad 678 00:37:53,000 --> 00:37:56,880 impacts that affect everyone at that point in time. 679 00:37:58,000 --> 00:38:02,880 Come 2042, you have a lot of people, whether you are a 680 00:38:02,880 --> 00:38:06,640 grandfathered person or not, whatever that case may be. 681 00:38:06,640 --> 00:38:10,720 You have, what, 5 resorts, I think it is coming off offline 682 00:38:10,720 --> 00:38:14,480 at that period of time if nothing happens, if not, if no 683 00:38:14,480 --> 00:38:18,040 extensions are offered, if none of those things transpire. 684 00:38:18,400 --> 00:38:20,920 Granted, we don't think, you know, we live in a reality where 685 00:38:20,920 --> 00:38:23,800 we do not believe that those resorts will be extended. 686 00:38:24,080 --> 00:38:26,960 But you also kind of find it hard to believe that five 687 00:38:26,960 --> 00:38:30,760 resorts could be brought offline all at the same time, at least 688 00:38:30,760 --> 00:38:34,120 three of them being at that. Well, almost four of them. 689 00:38:34,120 --> 00:38:36,920 Yeah, four of them being at Walt Disney World. 690 00:38:36,960 --> 00:38:41,240 Actually 3 1/2 resorts, 3 1/2 favorite Disney World I would 691 00:38:41,400 --> 00:38:44,400 say. Yeah, it would be Beach Club. 692 00:38:44,520 --> 00:38:48,320 Boardwalk Old key half. Of Old Key West. 693 00:38:49,200 --> 00:38:52,240 Boulder Ridge. So yes, 3 1/2, we'll say half 694 00:38:52,240 --> 00:38:54,520 and then is. Also going to be affected are 695 00:38:54,520 --> 00:38:55,760 Hilton Head. And. 696 00:38:56,560 --> 00:39:00,080 So the broader impact that that's going to have on 697 00:39:00,080 --> 00:39:04,280 availability, the broader impact that that's going to have, you 698 00:39:04,280 --> 00:39:07,320 know, availability for a lot of people are not issues at certain 699 00:39:07,320 --> 00:39:10,080 resorts right now because they're using their points in 700 00:39:10,080 --> 00:39:14,200 other places, but then you have to shuffle them back into using 701 00:39:14,200 --> 00:39:16,240 their points at those specific resorts. 702 00:39:16,240 --> 00:39:18,480 It's yeah, significantly changes. 703 00:39:18,640 --> 00:39:20,160 Right. And so if you think about it, so 704 00:39:20,160 --> 00:39:23,720 Copper Creek was the last of the original 14 resorts that when 705 00:39:23,720 --> 00:39:27,240 you were buying. So if you're buying resale at 706 00:39:27,240 --> 00:39:30,520 Copper Creek, it's like the last stand out because it's the 707 00:39:30,520 --> 00:39:34,120 longest expiring. So Copper Creek expires in 26, 708 00:39:34,240 --> 00:39:36,200 6068. Good. 709 00:39:36,200 --> 00:39:38,080 Thank you, Derek. Also, I was 67. 710 00:39:38,080 --> 00:39:40,280 I knew I was wrong. Yeah. 711 00:39:40,280 --> 00:39:43,160 So in 2068. So if you own Carver Creek 712 00:39:43,160 --> 00:39:46,880 resale, like, let's say you buy it right now, you're using it at 713 00:39:46,880 --> 00:39:50,080 all the other resorts. You know, come 2042, you're 714 00:39:50,080 --> 00:39:54,560 losing some resorts. Come 2054, you're losing 715 00:39:54,560 --> 00:39:58,400 Saratoga, 2057, Animal Kingdom, so, so so forth and so forth. 716 00:39:58,400 --> 00:40:01,240 By the time you get towards your last, like however many years of 717 00:40:01,240 --> 00:40:04,000 Copper Creek, you are going to be down to like the wire. 718 00:40:04,000 --> 00:40:05,960 Eventually you're going to be down to just Copper Creek. 719 00:40:06,720 --> 00:40:10,640 So I think we're going to start seeing a shift in the DVC world 720 00:40:10,640 --> 00:40:13,400 where we're going to have to have more like swapping with 721 00:40:13,400 --> 00:40:15,640 people and things like that. I don't think we have that 722 00:40:15,640 --> 00:40:17,800 landscape yet. If there's not a need for it and 723 00:40:17,800 --> 00:40:20,400 it it's can be a challenge, but I think that that's going to. 724 00:40:20,600 --> 00:40:22,040 Yeah. Well, and it also points to why 725 00:40:22,040 --> 00:40:26,000 Copper Creek has held just such a historical, you know, good 726 00:40:26,000 --> 00:40:30,520 economic view of of buying that especially especially on the 727 00:40:30,520 --> 00:40:34,400 resale market. I know DVC resale market every 728 00:40:34,400 --> 00:40:38,320 quarter or so does kind of the best economical resort to 729 00:40:38,320 --> 00:40:42,120 purchase. And this is not a factor in it, 730 00:40:42,120 --> 00:40:45,560 but I almost think it should be to a certain degree because at 731 00:40:45,560 --> 00:40:49,280 the top of the list is Riviera at the moment, but Riviera is 732 00:40:49,440 --> 00:40:52,200 put there's three asterisks right after Riviera. 733 00:40:52,200 --> 00:40:55,440 So you can't even include it from the list, in my opinion, 734 00:40:55,440 --> 00:40:58,880 because of how these resale restrictions are going to impact 735 00:40:58,880 --> 00:41:01,120 it. But the top original resort 736 00:41:01,120 --> 00:41:04,480 that's on that list and has been near the top for almost as long 737 00:41:04,480 --> 00:41:06,440 as I've been looking at these is Copper Creek. 738 00:41:06,920 --> 00:41:11,040 And it's mainly for financial reasons based off of years left 739 00:41:11,040 --> 00:41:13,840 on the contract, the annual dues, all of that kind of stuff. 740 00:41:13,840 --> 00:41:15,640 But you almost have to throw this in there. 741 00:41:15,640 --> 00:41:19,200 You have to throw this wild card in there of the fact that those 742 00:41:19,200 --> 00:41:23,720 people will at least have the longest usage of that contract 743 00:41:23,760 --> 00:41:28,120 and, you know, potentially not be as impacted as some of these 744 00:41:28,120 --> 00:41:33,200 other people. But it really like, I don't 745 00:41:33,200 --> 00:41:37,080 know, at 2042 is going to be a very interesting year when it 746 00:41:37,080 --> 00:41:38,920 comes to seeing this. And I think we'll kind of see 747 00:41:38,920 --> 00:41:43,280 how the market reacts to it, you know, well, well before that. 748 00:41:43,920 --> 00:41:46,920 We always say and, and, and as soon as you start talking about 749 00:41:46,920 --> 00:41:50,760 2042 and then you say something, it makes my brain think about 750 00:41:50,760 --> 00:41:53,000 something else. And then I say, Derek, just shut 751 00:41:53,000 --> 00:41:55,920 up because we're going to go off on a 2042 tangent that will 752 00:41:55,920 --> 00:42:00,040 literally take like an hour an hour because we know we know we 753 00:42:00,040 --> 00:42:03,920 could do a show every single month on 2040 twos. 754 00:42:03,920 --> 00:42:06,200 There's some of the most watched shows that we. 755 00:42:06,680 --> 00:42:10,960 I posted a one year old show and it's it's the best show of the 756 00:42:10,960 --> 00:42:12,840 year so far. And it was one year old. 757 00:42:12,840 --> 00:42:15,120 And I even put it this disclaimer that said, hey, this 758 00:42:15,120 --> 00:42:17,880 show's a year old because we took the holidays off. 759 00:42:17,880 --> 00:42:20,280 But here you go. And everyone was like, yeah, 760 00:42:20,280 --> 00:42:24,600 2014. So what we're going to be doing 761 00:42:24,600 --> 00:42:28,200 is every show that you see from now on, we'll have the numbers 762 00:42:28,200 --> 00:42:31,080 2042 in it regardless if we talk about it. 763 00:42:31,400 --> 00:42:33,240 We're not. We're going to put 2042 in. 764 00:42:33,920 --> 00:42:36,120 It it's like the new 6-7, huh 2014? 765 00:42:36,920 --> 00:42:39,800 76 Seven. We had refrained it from that 766 00:42:39,960 --> 00:42:43,200 and Eric did it. I don't even really know what it 767 00:42:43,200 --> 00:42:45,800 is. All I got to say is I'm just so 768 00:42:45,800 --> 00:42:47,480 glad I don't teach middle school anymore. 769 00:42:49,000 --> 00:42:53,440 But I I had I did have a thought and then I lost it. 770 00:42:53,600 --> 00:42:58,200 But wait, give me a. Second, no, we'll come back to 771 00:42:58,200 --> 00:43:00,880 your thought in a minute. I, I'm asking myself this 772 00:43:00,880 --> 00:43:05,440 question in my head and I'm going to ask Jeff it to Jeff. 773 00:43:05,440 --> 00:43:10,320 Put yourself in the position of where you were when you first 774 00:43:10,320 --> 00:43:13,960 considered DVC and imagine that that was today. 775 00:43:14,960 --> 00:43:19,120 Given that today we know that the minimum is 150 points. 776 00:43:19,320 --> 00:43:21,920 We understand what the resale restrictions are. 777 00:43:23,840 --> 00:43:26,120 What would be the first purchase that you made? 778 00:43:27,080 --> 00:43:29,960 And I'll let you think on it for a second because I have my 779 00:43:29,960 --> 00:43:36,400 answer to the question. What I know is that I know two 780 00:43:36,400 --> 00:43:39,920 things. If we had been in that position. 781 00:43:40,080 --> 00:43:44,040 So if, if, if the day that Amy and I sat down and said we were 782 00:43:44,040 --> 00:43:47,560 considering DVC, if we were in the financial position that we 783 00:43:47,560 --> 00:43:52,600 were in at that point and DVC was what it is today within 150 784 00:43:52,600 --> 00:43:55,920 point minimum. I don't think that we would have 785 00:43:55,920 --> 00:44:00,920 been able to afford direct. That being said, if we were 786 00:44:01,200 --> 00:44:05,320 further along in our careers and where we are right now, I would 787 00:44:05,400 --> 00:44:10,120 honestly probably say that that 150 point direct contract would 788 00:44:10,160 --> 00:44:13,840 be my first purchase. But it really depends on where 789 00:44:13,840 --> 00:44:17,120 your financial situation is. But had we been in that 790 00:44:17,120 --> 00:44:21,880 financial position, you know, I probably would have, you know, 791 00:44:22,280 --> 00:44:25,240 today, but I would have bought 150 points. 792 00:44:25,480 --> 00:44:28,640 But knowing where we were financially back when we did buy 793 00:44:28,640 --> 00:44:31,880 DVCI, don't think direct would have even been an option. 794 00:44:31,880 --> 00:44:34,000 We were scared away by 75 points. 795 00:44:34,120 --> 00:44:37,600 We were very scared away by the cost of 75 points. 796 00:44:37,600 --> 00:44:41,920 So I think we would have just gone resale at that time or 797 00:44:41,920 --> 00:44:43,960 maybe just can the whole idea completely. 798 00:44:43,960 --> 00:44:46,920 I'm I'm not quite sure what we would have done, but and then we 799 00:44:46,920 --> 00:44:49,600 wouldn't be sitting here chatting with all you people on 800 00:44:49,600 --> 00:44:52,200 the interwebs. It's a great question. 801 00:44:52,200 --> 00:44:54,240 And you know what, I'm a little bit different than you guys in 802 00:44:54,240 --> 00:44:58,240 that my minimum was 125 S at leap from 1:25 to 1:50. 803 00:45:00,760 --> 00:45:05,120 However, 50-60 years probably wouldn't have deterred me a 804 00:45:05,120 --> 00:45:07,960 great deal. I still wouldn't have bought at 805 00:45:07,960 --> 00:45:09,520 a restricted resort though if it were. 806 00:45:09,640 --> 00:45:14,600 If it were today I'd be looking at Poly or one of the sold out 807 00:45:14,600 --> 00:45:16,480 resorts. Something like that. 808 00:45:17,520 --> 00:45:19,480 But. And that changes the financial 809 00:45:19,480 --> 00:45:21,880 gain even more like. What's that? 810 00:45:22,160 --> 00:45:24,800 That changes the financial gain even more because then you're 811 00:45:24,800 --> 00:45:27,960 looking at, you know potentially a resort that is even a higher 812 00:45:27,960 --> 00:45:30,600 premium Poly the being the exception at this time, but. 813 00:45:30,920 --> 00:45:34,240 Yeah. But having said that, I don't 814 00:45:34,240 --> 00:45:38,400 know that the direct perks would have influenced me enough 815 00:45:38,400 --> 00:45:41,200 because when I bought Tables in Wonderland was still a thing. 816 00:45:41,200 --> 00:45:43,320 You know, there's a lot of things that have been taken away 817 00:45:43,320 --> 00:45:48,320 since I bought my minimums. I also wasn't in a point to have 818 00:45:48,320 --> 00:45:52,360 great friends like you guys that, you know, that we kind of 819 00:45:52,360 --> 00:45:54,640 bounced off each other's points and got each other's into 820 00:45:54,640 --> 00:45:57,120 Moonlight Magic and some of those kinds of things where I 821 00:45:57,120 --> 00:46:00,560 was flying solo at the time. I just probably would have 822 00:46:00,560 --> 00:46:02,760 resigned myself that Moonlight Magic was probably not going to 823 00:46:02,760 --> 00:46:05,280 be in my future. And I'm just going to have to be 824 00:46:05,280 --> 00:46:08,160 fine at Old Key West because I don't know that I would have the 825 00:46:08,160 --> 00:46:10,600 direct perks would have made the difference for the. 826 00:46:11,800 --> 00:46:14,480 Money, Yeah, yeah, I think financially speaking, that's 827 00:46:14,480 --> 00:46:17,400 where we would have been to if it had been 150 points would 828 00:46:17,400 --> 00:46:20,920 have been, hey, if we want to continue traveling to Disney as 829 00:46:20,920 --> 00:46:23,960 much as we were at that time, which was several times a year, 830 00:46:24,480 --> 00:46:27,840 then, you know, resale was our only opportunity at that time. 831 00:46:27,840 --> 00:46:31,400 But it's it's weird playing The Time Machine game and and kind 832 00:46:31,400 --> 00:46:38,080 of going back to to think to think through with that last 833 00:46:38,080 --> 00:46:42,840 thoughts related to kind of where this is headed, the future 834 00:46:42,840 --> 00:46:45,640 of resale restrictions and everything like that. 835 00:46:46,600 --> 00:46:48,880 And I think I just want to go around the room real quick. 836 00:46:48,880 --> 00:46:51,680 And if you, if you could give any advice to someone maybe 837 00:46:51,680 --> 00:46:57,880 making a consideration right now on, on a contract, what would, 838 00:46:57,880 --> 00:47:01,680 what would maybe that be? I, I go back, we, we talked on 839 00:47:01,680 --> 00:47:05,320 our recent news show that we did about two weeks ago of our good 840 00:47:05,320 --> 00:47:07,720 friend Gary. Gary was making basically this 841 00:47:07,720 --> 00:47:11,280 decision on a, on a Disneyland Hotel contract between direct 842 00:47:11,280 --> 00:47:13,000 and resale. He was trying to figure out, you 843 00:47:13,000 --> 00:47:16,040 know, where are those where are those benefits of having the 844 00:47:17,000 --> 00:47:20,440 having the he was considering Disneyland Hotel specifically 845 00:47:21,000 --> 00:47:25,080 and so very relevant considering whether or not the ability to 846 00:47:25,080 --> 00:47:28,720 have a direct contract. And those benefits and the 847 00:47:28,720 --> 00:47:32,720 flexibility of using his points anywhere were more valuable than 848 00:47:32,720 --> 00:47:37,520 the savings that he would receive via buying that 849 00:47:37,520 --> 00:47:41,640 Disneyland Hotel contract resale with the mindset of knowing that 850 00:47:41,640 --> 00:47:45,240 he would only ever be able to use those points at Disneyland 851 00:47:45,240 --> 00:47:46,920 Hotel. So if you had someone like. 852 00:47:46,920 --> 00:47:49,240 Yeah. So the thing that comes to my 853 00:47:49,240 --> 00:47:54,920 mind is that it's OK to look ahead, but you can't look too 854 00:47:54,920 --> 00:47:58,200 far into the future. You know, obviously it's 855 00:47:58,200 --> 00:48:00,360 important with things like your retirement and stuff like that 856 00:48:00,360 --> 00:48:04,280 when it comes to your happiness. And, and let's be honest, yeah, 857 00:48:04,280 --> 00:48:06,560 a lot of people look at the finances and look at the numbers 858 00:48:06,560 --> 00:48:09,920 in the spreadsheets. But Disney Vacation Club is an 859 00:48:09,920 --> 00:48:13,280 emotional purchase just as much as it is financial. 860 00:48:13,280 --> 00:48:17,000 You know, you are purchasing it to bring yourself, to bring your 861 00:48:17,000 --> 00:48:19,240 family, your friends, whoever you're sharing it with 862 00:48:19,240 --> 00:48:22,840 happiness. That's what traveling to Disney 863 00:48:22,840 --> 00:48:24,640 is about. That's why you go. 864 00:48:25,480 --> 00:48:30,320 So if you are too busy planning, oh, and 2042 I won't be able to 865 00:48:30,320 --> 00:48:33,360 do this, this and this and 2057 I won't be able to do this, this 866 00:48:33,360 --> 00:48:35,760 and this. And you're not focusing on the 867 00:48:35,760 --> 00:48:40,920 next like 5-5 to 10 years or so instead, like, what's going to 868 00:48:40,920 --> 00:48:45,080 make me happy now and how am I going to enjoy it within the 869 00:48:45,080 --> 00:48:48,280 next like 5-10 years? Then I think you're doing it 870 00:48:48,280 --> 00:48:49,680 wrong. Because if you're thinking too 871 00:48:49,680 --> 00:48:52,680 far ahead and you're making decisions based off that, you 872 00:48:52,680 --> 00:48:56,360 might not want it that far that long. 873 00:48:56,360 --> 00:48:59,760 You know I'm going to be 70 by the time we lose our direct 874 00:48:59,760 --> 00:49:02,720 benefits and I might want to live on a cruise ship the rest 875 00:49:02,720 --> 00:49:04,640 of my life. She's not going to want to push 876 00:49:04,640 --> 00:49:06,920 me around in a wheelchair through midnight Magic at. 877 00:49:06,920 --> 00:49:09,800 That I mean, you just, you don't know what your family's going to 878 00:49:09,800 --> 00:49:12,760 grow in, to grow out of. You don't know what is going to 879 00:49:12,760 --> 00:49:18,520 change in those years. So, you know, buy it for the 880 00:49:18,520 --> 00:49:25,040 now, buy it for the immediate 510 years because you just don't 881 00:49:25,040 --> 00:49:29,240 know what's, you know, what Disney's gonna do in 20 years, 882 00:49:29,240 --> 00:49:32,400 what what your family's gonna change, decide in 20 years. 883 00:49:32,400 --> 00:49:35,240 So, yeah. So I wouldn't like think too too 884 00:49:35,240 --> 00:49:40,840 far and worry too too far in the future because you want to be in 885 00:49:40,840 --> 00:49:42,640 the present and enjoy it in the present. 886 00:49:42,640 --> 00:49:45,680 And that's, that's a huge piece of advice for the number 887 00:49:45,680 --> 00:49:48,280 crunchers out there, the spreadsheet warriors that look 888 00:49:48,280 --> 00:49:52,960 into this, you know, you, when you, when you're kind of digging 889 00:49:52,960 --> 00:49:56,160 into this, realize that, you know, look at your family today, 890 00:49:56,160 --> 00:49:58,560 look at maybe the little one that you have, you know, how 891 00:49:58,560 --> 00:50:01,360 quickly are they going to grow up and, and how much are you 892 00:50:01,360 --> 00:50:03,800 going to maybe regret down the road that you didn't make that 893 00:50:03,800 --> 00:50:08,320 decision based off of a number or something? 894 00:50:08,320 --> 00:50:09,400 So. Right. 895 00:50:09,440 --> 00:50:11,840 And that's that's even with when you're choosing, you know, if 896 00:50:11,840 --> 00:50:15,000 you're like, oh, I just I keep thinking about the numbers and, 897 00:50:15,000 --> 00:50:17,720 you know, in 10 years I need to be owning this resort. 898 00:50:17,720 --> 00:50:21,440 But we really love being at Boardwalk and walking with our 899 00:50:21,440 --> 00:50:23,880 kids over to Epcot. Then that's what's going to make 900 00:50:23,880 --> 00:50:25,440 you happy. Now you know what I mean? 901 00:50:25,440 --> 00:50:28,760 That's what you need to do. So but that's just, that's how I 902 00:50:28,760 --> 00:50:30,720 feel. Jeff, what advice would you 903 00:50:30,720 --> 00:50:34,000 give? I think the biggest advice I 904 00:50:34,000 --> 00:50:39,720 would have is if you're going to be buying direct at one of these 905 00:50:40,640 --> 00:50:46,120 restricted resorts, I, I would even say kind of like you guys 906 00:50:46,120 --> 00:50:49,200 talked about early on where maybe splitting between a couple 907 00:50:49,200 --> 00:50:52,760 of them and not having all 150 in that one resort. 908 00:50:53,080 --> 00:50:57,640 Or if you do, I would be hesitant to finance that at 909 00:50:57,640 --> 00:51:01,680 least long term just because like we've said, life happens 910 00:51:01,680 --> 00:51:04,000 and you're immediately underwater in those contracts. 911 00:51:04,000 --> 00:51:08,080 Like I think direct has its place, but I think if I were to 912 00:51:08,080 --> 00:51:12,000 do it over again, I would buy several direct contracts with 913 00:51:12,000 --> 00:51:17,160 smaller, smaller points in case something happened that I had, 914 00:51:17,280 --> 00:51:20,240 yeah, I'm going to lose my direct points if I, if I offload 915 00:51:20,240 --> 00:51:23,000 this 50 and it takes me below the 150. 916 00:51:23,400 --> 00:51:29,200 But it's way better than being underwater in 150 point contract 917 00:51:30,200 --> 00:51:32,920 because suddenly you're getting divorced or you have a death in 918 00:51:32,920 --> 00:51:34,840 the family or God forbid, whatever happens. 919 00:51:35,280 --> 00:51:37,600 That's the only thing that I can think I'm off the top of my head 920 00:51:37,600 --> 00:51:41,640 is just with those restrictions. Just be cautious about how long 921 00:51:41,640 --> 00:51:45,200 you're going to carry the financing on that particular on 922 00:51:45,200 --> 00:51:49,080 that particular contract. Resale, Derek, bring us home. 923 00:51:49,080 --> 00:51:51,600 Oh. Boy, yeah, there's, there's so 924 00:51:51,600 --> 00:51:55,400 much to say, so much to unpack here that I'll promise I won't 925 00:51:55,400 --> 00:51:57,840 take longer than 44 minutes. Yeah. 926 00:51:57,840 --> 00:52:02,080 So you got to look at it just like, so if, if I'm going to 927 00:52:02,080 --> 00:52:05,320 break down your question and just keep it simple and say, OK, 928 00:52:05,320 --> 00:52:09,200 so if I'm listening to this show and I know I'm buying direct, if 929 00:52:09,200 --> 00:52:12,440 I know I am, if I know those little temporary perks and 930 00:52:12,440 --> 00:52:15,520 temporary discounts and the possibility of getting into a 931 00:52:15,520 --> 00:52:18,280 mood that may, if that's important to you, then buy 932 00:52:18,280 --> 00:52:20,600 direct. I would 100% just buy the 933 00:52:20,600 --> 00:52:23,800 Polynesian. It's an absolute no brainer. 934 00:52:24,160 --> 00:52:27,680 Don't buy a different resort. Don't buy one of the restricted 935 00:52:27,680 --> 00:52:28,720 resorts. Just don't. 936 00:52:28,720 --> 00:52:33,440 So if you're going to buy direct because those temporary perks 937 00:52:33,440 --> 00:52:36,280 are important to you, buy the Polynesian. 938 00:52:36,640 --> 00:52:40,600 Now, if you're going to do your research, like Amy said, which 939 00:52:40,600 --> 00:52:44,360 is why we sold over $80 million last year, it's because on the 940 00:52:44,360 --> 00:52:48,200 resale side, you get to pick the resort that you need. 941 00:52:48,520 --> 00:52:51,120 You don't just have to buy the resort that Disney tells you 942 00:52:51,120 --> 00:52:54,360 that you should buy. So like Amy said, and I cannot 943 00:52:54,360 --> 00:52:56,520 stress this enough, I was just, you know, nodding my head 944 00:52:56,520 --> 00:53:00,520 nonstop when when she's talking. The value of I don't care if it 945 00:53:00,520 --> 00:53:02,960 expires in 2042. If you're someone out there that 946 00:53:02,960 --> 00:53:06,600 loves boardwalk and loves beach Club, lifes too short to be 947 00:53:06,600 --> 00:53:10,320 bummed out for the next 15 years or so because you can't get in, 948 00:53:11,000 --> 00:53:13,880 don't do it. Don't buy a different resort 949 00:53:14,040 --> 00:53:17,520 because I get quote UN quote more years or it's got cheaper 950 00:53:17,520 --> 00:53:21,640 dues or it's got whatever it is. If you love those two particular 951 00:53:21,640 --> 00:53:25,280 resorts, buy them because you know you're paying for the 952 00:53:25,280 --> 00:53:28,840 ability to get in there verse buying a quote UN quote one with 953 00:53:28,840 --> 00:53:31,720 a longer dues or it's got, you know, a cheaper price per point. 954 00:53:32,000 --> 00:53:35,480 But at seven months, I'm going to go online tap, tap, tap and 955 00:53:35,480 --> 00:53:38,440 all of a sudden the beach club is all booked again. 956 00:53:38,440 --> 00:53:41,640 Oh well, and then another year goes by and another year goes by 957 00:53:41,640 --> 00:53:45,080 and another year goes by and all of a sudden that child that you 958 00:53:45,080 --> 00:53:49,040 had that was 5 or 6 years old, it's now it's 2042. 959 00:53:49,160 --> 00:53:52,080 And maybe you didn't get to take those trips to your favorite 960 00:53:52,240 --> 00:53:54,840 resort because you were worried about what's going to happen in 961 00:53:54,840 --> 00:54:00,000 2042 or 2054 or 2057. My God, like Amy said and Paul 962 00:54:00,200 --> 00:54:02,760 all the time and Jeff Disney doesn't even know what they're 963 00:54:02,760 --> 00:54:05,160 going to be doing next year. So they don't know what's going 964 00:54:05,160 --> 00:54:09,080 to happen in 2042. And that's where resale comes in 965 00:54:09,320 --> 00:54:12,360 is that if you know you have a, a favorite resort, we say it, 966 00:54:12,360 --> 00:54:14,920 everybody knows it. If you have a favorite resort, 967 00:54:14,920 --> 00:54:18,880 buy where you want to stay. If you don't have a favorite, my 968 00:54:18,880 --> 00:54:23,400 advice, buy Saratoga Springs got a great selection, you got a 969 00:54:23,400 --> 00:54:26,320 great price per point. It's got great dues, goes until 970 00:54:26,320 --> 00:54:31,960 2054, and you have access to all 14 of the original DVC resorts. 971 00:54:31,960 --> 00:54:34,080 And it's important. And I want to stress that when 972 00:54:34,080 --> 00:54:36,120 people think because I hear it all the time. 973 00:54:36,720 --> 00:54:40,600 So if I buy resale, what, what website do I use? 974 00:54:40,720 --> 00:54:44,360 You know, you're still using the same member website. 975 00:54:44,360 --> 00:54:47,000 You don't buy resale and they send you to some dark web 976 00:54:47,000 --> 00:54:50,360 bootleg website that you have to try to book your trip through. 977 00:54:50,600 --> 00:54:53,640 You're using the same member website, same member phone 978 00:54:53,640 --> 00:54:55,320 number. You're going to get the same 979 00:54:55,320 --> 00:54:58,560 free parking, the same extra magic in the theme parks because 980 00:54:58,560 --> 00:55:00,640 you're staying in a deluxe resort. 981 00:55:00,640 --> 00:55:05,000 So those are my 3 parting tips. If you're going to buy direct 982 00:55:05,160 --> 00:55:08,120 and you know you're going to buy a home, 150 points for whatever 983 00:55:08,120 --> 00:55:11,520 reason by the Polynesian. If you're going to buy resale 984 00:55:11,520 --> 00:55:15,160 and you have a favorite, meaning beach, club, boardwalk, buy 985 00:55:15,160 --> 00:55:17,200 those resorts because life's too short. 986 00:55:17,640 --> 00:55:20,040 And three, if you don't care where you want to stay and you 987 00:55:20,040 --> 00:55:23,760 just want the best bang for the buck, I know that Copper Creek, 988 00:55:23,760 --> 00:55:27,680 yes, economically, you know, in the long run, yes. 989 00:55:28,000 --> 00:55:31,520 But overall Saratoga, my God, you can get for like 100 bucks a 990 00:55:31,520 --> 00:55:34,480 point right now versus a copper is going to be maybe 1:40 or 991 00:55:34,480 --> 00:55:36,920 1:50. So you can buy more points at 992 00:55:37,160 --> 00:55:39,720 Saratoga, but regardless of whatever decision it is you 993 00:55:39,720 --> 00:55:42,920 make, do your research. Reach out to us. 994 00:55:42,920 --> 00:55:46,480 Y'all can reach out to me anytime, but reach out to us. 995 00:55:46,480 --> 00:55:49,360 Watch these shows, post questions on the Facebook group 996 00:55:49,360 --> 00:55:50,840 because that's what we're here for. 997 00:55:50,840 --> 00:55:55,960 No one ever says I bought XXX and I'm sad because I actually 998 00:55:55,960 --> 00:56:01,640 did too much research I. Learned too much? 999 00:56:02,120 --> 00:56:05,120 I learned too much, my brain is too full right now. 1000 00:56:05,200 --> 00:56:08,360 I can't possibly learn anymore. I just want, I want everyone to 1001 00:56:08,360 --> 00:56:12,360 know that Derek's advice in that segment is is appropriate to all 1002 00:56:12,360 --> 00:56:15,240 aspects of life as he was talking about like. 1003 00:56:15,640 --> 00:56:16,840 Life being too short. Life. 1004 00:56:16,920 --> 00:56:20,480 Being too short, I'm sitting here just fluffing the crap out 1005 00:56:20,480 --> 00:56:24,200 of my dog's head who just who just came in the room and I'm 1006 00:56:24,200 --> 00:56:26,880 listening to Derek talk. And I'm like, we're getting 1007 00:56:26,880 --> 00:56:30,440 treats after this and we're getting toys and we're going to 1008 00:56:30,440 --> 00:56:34,480 walkies every day, multiple times a day and go to the park 1009 00:56:34,760 --> 00:56:37,760 and go to go swimming because life is too short. 1010 00:56:38,160 --> 00:56:40,720 So to be bummed out. Bummed out? 1011 00:56:41,160 --> 00:56:45,560 Treat yourself whether it's. Does anybody want a beach club 1012 00:56:45,560 --> 00:56:50,720 add on? Round yourself those words, 1013 00:56:50,720 --> 00:56:55,400 those words they have treat in. Yes, Jeff, that's an excellent 1014 00:56:55,400 --> 00:56:56,920 point. Well, I wasn't talking about 1015 00:56:56,920 --> 00:56:59,880 you. I know, that's why I wanted to 1016 00:56:59,880 --> 00:57:04,760 make sure you. Just wanted to make sure well, 1017 00:57:05,000 --> 00:57:09,040 we hope we answered all your questions related to resale 1018 00:57:09,040 --> 00:57:11,920 restrictions. If you have any more, as Derek 1019 00:57:11,920 --> 00:57:15,960 said, feel free to reach out to him, reach out to anyone, send a 1020 00:57:15,960 --> 00:57:20,080 message, keep comment on this show, ask us questions. 1021 00:57:20,080 --> 00:57:24,240 Join the DVC fan Facebook group. We're very supportive community 1022 00:57:24,240 --> 00:57:27,080 where if you're if you're thinking about buying, that's 1023 00:57:27,080 --> 00:57:29,760 the place for questions. You will, you will have people 1024 00:57:29,760 --> 00:57:33,120 that will answer your questions. You'll connect with other 1025 00:57:33,120 --> 00:57:36,000 members that have been in the same boat as you have been, have 1026 00:57:36,080 --> 00:57:38,240 have done the spreadsheets. They'll send you their 1027 00:57:38,240 --> 00:57:42,200 spreadsheets if you want. But you'll also hear very 1028 00:57:42,200 --> 00:57:45,820 heartfelt stories of kind of I think what our ultimate take 1029 00:57:45,820 --> 00:57:50,120 away is, which is, you know, book the trip, do the vacation, 1030 00:57:50,120 --> 00:57:53,880 live your life, have fun. We're all here for a short 1031 00:57:53,880 --> 00:57:57,600 period of time and we don't know when that might be over. 1032 00:57:57,600 --> 00:58:01,880 So let's just live it to its fullest and enjoy it while we're 1033 00:58:01,880 --> 00:58:03,720 here. But that's going to do it for 1034 00:58:03,720 --> 00:58:05,600 this week's episode of The DVC Show. 1035 00:58:05,600 --> 00:58:08,520 We hope you enjoyed it and we will see you next Monday. 1036 00:58:09,320 --> 00:58:11,360 Why is Derek's name over there Slim Shady? 1037 00:58:13,680 --> 00:58:17,040 Because when you sign in it says hello my name is and I have to 1038 00:58:17,040 --> 00:58:19,840 enter a name and so I go I'm shady. 1039 00:58:22,120 --> 00:58:23,480 I did that like 8 hours ago.