I truly think if people do not want the risk, they should book cash with Disney directly. Don't worry about "saving" money -- or buy
dvc and become an owner.
If David's sets a precedent for "booking" a new room for a renter when the owner defaults, what's to stop an unscrupulous owner from:
1. Renting out points
2. Contacting David and setting up a reservation for himself
3. Getting 50% upfront
4. Fulfilling his own point request
5. Canceling the reservation
6. Contacting David to notify of cancelled reservation
7. Demanding tha David give him a comparable room (and getting it due to aforementioned precedent)
8. Having a free vacation (free room due to precedent) bc the reservation was cancelled plus getting 50% of funds. The 50% of funds is nice spending money for the free vacation.
SLIPPERY SLOPE
As an owner, they can get a free vacation AND make money. Granted it may be a one tend or two time thing, but the small business owner is screwed... Royally.
PRECEDENT SHOULD NOT BE SET.