Are the prices too low?

This was the first time we have rented our points since our purchase in '98. I was shocked at how low people were renting. When we first starting going to our OKW home, we could tell that other people had pride in where they were staying. I have begun to think that people who do not "own a piece of the magic" do not respect the property like it was there home. I was also surprised to see on another website someone renting AKV with the wording of make your res before DVC members of other DVC resorts have the opportunity.
Never the less can't wait till next year. I have a whole lot more Disney experiences to come, and I know as a DVC member they will be one step above magical.
 
Replying to some of those who responded to my earlier post:

I think that $10 is used because it is a round number.
$0 is more round than $10, plus you don't have to do any calculations, exchange money, or pay paypal fees - just give the points away. Next time you have some you're not going to use, I'll take all you have.

ANyone want to bet who this DISer is in disquise?
I am taking bets..
I'm not anyone in disguise, don't know you are anyone else on this board for that matter. You're lucky no one took you up on your bet offer, you would have lost. From your later post about $5 for a family member, whatever anyone charges a family member is perfectly fine - it doesn't get posted here and thus doesn't hurt anyone.

If someone's points are going to expire or can't use them, why not donate a room for a couple of nights to the silent auction/raffle at your local church/volunteer fire dept/school/charity fundraiser?
Great idea! I've been involved in about a dozen charity auctions soliciting donations to raffle or auction off, this could be a great way to use points. It might take a little work typing up a letter explaining the conditions, but probably less work than responding back and forth to renters who won't pay more than $10/pt. My accountant would say to use the rack rates as far as valuing the donation, the charity would like that as well because a lot of people who buy at those auctions are bargain seekers.

FWIW I think S & D is probably the banned guy!
Don't know who the banned guy is or why he got banned. I hope it wasn't for trying to make people realize how much their points are worth. It definitely wasn't me, and I'm not trying to get banned now or ever.

Then I was horrified-- realizing that it's people like her who drive down the price for all of us. Forgive me?
You are forgiven, I doubt that you would do it again. For your penance, ride "It's a Small World" 3 times in a row the next time you're at Magic Kingdom.

I was going to try to explain how market economics works and how prices are really set but then I figured that would mostly be a waste of time.
Go ahead, I don't think it would be a waste of time, it might help some people figure out that they are leaving money on the table every time they rent their points for less than what they are worth.

Dues have not doubled in the past 7 yrs.
OKW BWV VB VB (sub) HHI VWL
4.40 4.85 5.63 4.39 4.98 4.73 2007
3.16 3.94 4.08 2.87 3.25 3.62 2000 .
Thank you for providing that information, I was wrong and also forgot that I had added some points since my original contract. A 20% to 50% increase in dues, should that provide some basis for the majority of us for valuing points higher than in 2000? I realize that people can charge whatever they want to without having to defend themselves on the low end, but the same should hold true for those wishing to rent at the higher end. I'm just hoping this discussion makes the occasional renter understand that they don't have to rent their points for $8-10.

That being said...most of the points that are a lower on the rental board are expiring soon and can't be banked.
Perhaps it is getting a little better lately, I still recently found 550 pts for rent @ $10.50 for March use year, that's still 8 months away by my calendar, and not exactly fire-sale time. The other thing that people might be undervaluing is their time, I think being a reservation agent for non members is worth at least $2-3 a point.

/end replies


For those of you who have been going for and getting $12+/pt, thanks for sharing your methods. Hopefully at least some of the dumpers will figure out that patience can be rewarded.

I posted earlier that I didn't think that ebay was the right venue, and I since saw some posts that were made a while ago that people used to get $17-18/pt there. As far as I can tell as long as you don't use Disney copyrights we can still post there, but saw a mention about needing to be certified by some agency to offer reservations on ebay. Gonna have to check that out and get back here real soon. Thanks everyone!
 
I'm not anyone in disguise, don't know you are anyone else on this board for that matter. You're lucky no one took you up on your bet offer, you would have lost.

You sure about that? :eek:

From your later post about $5 for a family member, whatever anyone charges a family member is perfectly fine - it doesn't get posted here and thus doesn't hurt anyone.

Very True, but I would probably rent them to cover my MF costs if I ever had anymore to rent, but we use them all nowadays so much like you said it would not hurt anyone. additionally, I would more the likely transfer them to someone, too much risk for renting for me.

Have a good one. :)
 












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