SAXMAN88 said:
i must say i agree with you but,
i have rented points two times in the past and am not an owner. recently, i saw someone renting points for $7.50. that really sparked me to look into a last minute trip one i was not planning on or really prepared to spend the norm on. these points were of course sucked up by others so i did put a post up looking for points for the $7.50 i missed. since it gave me the bug which i'm sure you all know. am i to understand that even that post was wrong, looking for points at that price. no sob story, no illness, just a way to get a quick fix of disneyworld which i haven't felt in over two years. only two years some may say. i am truly sorry if i offended anyone at all!!!
I have to be honest....it does offend me to read posts like that. I sacrificed a LOT to get my points (like driving a really old car with 100,000 miles on it, and no new one in sight, and buying a less expensive house). For many of us who own
DVC....we have "done without" in other areas to have these points for our family. I also waited several years from the time I found out about DVC to actually purchasing it (we just couldn't afford it). As a result, I paid between $85-89 per point for my points. Divided by 38 years, I paid $2.34 per point, per year for my ownership. My maintenance fees are appx $4.50 per point. That comes to $6.84 per point. Then, you have to add to that the interest that I paid for some of my points (we bought some cash, and financed some). So, in many cases, I would be taking a loss to rent at $7.50 per point. I think the assumption on the rent/trade board is that owners are "making out" with rentals....but, that is just not true. At $10 per point, it is renters who are "making out". The benefit of DVC is that after your VERY expensive initial investment, you get what amounts to a "discounted rate" on rooms.....but, that only comes when you make a commitment of a signigicant amount to WDW. Renters get all the benefits for a VERY small amount...they are actually much smarter than owners!!! But, when people get on the boards and ask for "pity" or start telling sob stories, it makes me mad. And, when they go "bargain shopping", writing posts where they "lowball" an owner...it really bugs me because I think that they 1) don't really value what I have and they need, 2) see owners as either suckers or profiteers (neither of which is true), or 3) are scamming and trying to take advantage of people who are either desperately in need of money or are generous souls feeling sorry for them. I also don't think the "rental bar" needs to be lowered any more than it already is. The price of points and maintenance fees keep going up, but points have been rented for $10 or less for over 5 years....owners are getting worse and worse deals each year.
Maybe it is just me, and maybe many others are not bothered by this at all, but when I see someone asking for points at what is obviously 25% less than the "going rate", it makes me want to remember that name and NEVER rent to them because they obviously don't value my DVC as I do. But, justice is usually pretty sweet....usually no one responds to them, either.
I am not mad at you....but, since you asked I just had to be truthful!
Beca