It extends past the holding points to any points you missed the banking window on, or banked points as you near the end of the "next UY". In general, with the only option of Riviera, which I am guessing will have tight availability inside of 7 months, more owner's are going to find themselves losing points. Currently, you can spend points on less preferred options. For resale Riviera owners, if you don't have your room reserved 7 months out, you stand to lose those points. And to me it is even worse than "stick it to the resale owners", Disney actually benefits if that happens. As points go unused, Disney can now do cash reservations with that "unused inventory". Not sure how that would work just Riviera room specifically, but I am sure the mouse has.....
Yes. I really have a bad feeling about the ability of the Riviera Resale owners to use their points. I think Riviera will be very popular, both with the owners and with people trading in. And that is why I expect that there will be almost nothing available in the 0 to 7 month window. If you are a Resale Owner, the only options that I think are viable will be to schedule something as early as possible in the 11 month window, and then just be ready to rent out your scheduled reservation if things change, since you won't be able to take your points and use them elsewhere.
I know that not a lot of Riviera points have been declared. But, even though there a lot of points that
have been declared, have not yet sold, Tower Studios are booking up quickly at 11 months, Standard Studios are all gone by the 7 month window, and the Preferred View Studios are booking out instantly at the 7 month window. I don't expect any of these circumstances to improve once it has all been declared and then all sold. And they will only get worse once resales start.
I agree that the main factor that will affect resale prices is how hard it will be to book Riviera at 7 months (combined with whatever the point cost becomes for direct Riviera, especially when the resort becomes “sold out”).
I would hesitate to assume it will be easy to book at 7 months based on the fact that Riviera is pretty large. It is compared to some resorts, but at the same time (just like all of DVC) the points sold are based on full occupancy... so once it becomes sold out, you will still have the same proportion of owners trying to get rooms.
I would base my guess on other factors, particularly aesthetic appeal and location, which would in turn increase the amount of folks trying to get in. Nothing against SSR, but as an example, SSR is further from parks and (in the opinion of some) doesn’t have particularly “special” theming or aesthetics, which means you have a lot of people trading out to stay elsewhere... which leads to a lot more availability at 7 months.
In contrast, Riviera is in a pretty decent location, and many folks seem intrigued by the decor, etc. I think this will result in more owners actually using their points AT Riviera and not trading out, leaving more of a rush at 7 months for the leftovers (that I think will also be in demand). Then, if you want to stay there, your main options besides renting are to buy direct at what will likely be insane prices or snag a significantly cheaper (but maybe not dirt cheap?) resale contract.
Sort of veering off the point, I do think/hope studios will be more available to everyone vs, say, CCV... I don’t know the exact point breakdown but I assume the lack of cabins will help.
I think that, especially for its size, Riviera will always be one of the hardest to book. Once the Resale Market gets going, even the Direct Owners will find that they need to book early in the 11 month window, or have nothing. And, yes, the Direct owners will be able to trade out - to other places like SSR - but it won't be easy. They say to buy where you intend to stay, and I think that will apply especially to Riviera, but even then, it will be a rat race.
OR maybe riviera resale members will all become pros at RCI exchanges. I'm pretty sure you can transfer points your points to RCI inside banking window, as well as points already banked...although I'm not sure if you can transfer points in holding. Once exchanged -- you get 2 years to use them in that system.
Can Resale Owners use RCI? I thought that was one of the Perks that Disney took away from Resale.
ADDENDUM: Okay, I looked it up, and I guess they can still use RCI. But, keep in mind, RCI charges additional fees, which I think are on the order of $300 per exchange.