As a renter, I would like to see if the owner would consider splitting the cost 50/50 if they lost points, but I’m unsure how to convey that to David’s. I’m afraid that if the owner gives back 100%, David’s will only pass on 50% of that since they know I will be happy with that and nobody will be the wiser. I am sure though, that I will not be accepting a travel credit.
The problem with this is the owner has only gotten 56% of the rental price. So by your thoughts, they would return only 6%.
I think David breaks the contract first when and if he defaults on the residual payment for the first reservation. I understand the second renter is innocent of David’s default, but the second renter has chargeback as a recourse, whereas the owner would be left to lose on all subsequent reservations.
Yes, he breaks the contract 1st on the 1st contract. But that has no bearing on contract 2, 3, & 4. If you breach as a retaliation of contract 1, then you are liable for 2, 3, & 4.
The choice of the words above is BS!! I understand that some owners with banked points might not be able to reschedule or refund cash, but others might be able to do. David is trying to keep his relationship with the owners for the future, so screwing the renter in the meantime. Owners will get their points back and keep their 70% from David’s (yes, I know some banked points will be lost but we still don’t know what
DVC will do for sure). From comments from some owners on this thread, I guess a lot of owners don’t really care what happens to renters.
I am tired of reading from owners that we signed the contract that clearly says non-refundable, but the same contract states that refund (not a voucher) will be provided if the accommodation is not available.
David's is trying to screw the owners over as well. They have handledthis whole thing very poorly and claim it is fair for all.
I don't understand why some owners/renters want to talk to the other party so badly. Why did you go through David's if you want to deal directly?
I'd rather go through the rental company and be contacted that way - that's why I used them.
I would rather go through the rental company also, but they are not responsive right now. For some owners, they are in a position where they can cancel and bank the points. If they wait for David's to act, it may be too late for that limiting what an owner can do for the renter.
Wine futures are actual purchases, it’s basically wine maturing in barrel that haven’t been bottled for release. So it should be the same goods not delivered. The merchant was supposed to take my money to buy the wine that I designated. Instead he took the money to fill other people‘s orders. He also bought a few houses, a boat, and paid for some “internet dates“ if I remember correctly. anyways...
Bad analogy. Wine futures is a speculation on a promise. Purchasing futures is no guarantee that you will get the value paid.
Everyone here seems to think David is going bankrupt. On his facebook page there is nothing but praise for how he is handling this situation, not one negative post out of 100+ comments. I've read about 30 pages on this thread and haven't read one positive one. Strange.
I am an owner and have used David with no problems. I only have one small contract so I don't have much money at risk. Someone just rented from me for Halloween, got my 70% and have confidence that if the Ressie cant be completed, David will work it out.
Some on here have thousands of points and rent almost exclusively, so I can understand their concern. Kinda like all those MBAs coming out of college and buying condos in NYC to use as Air BnBs, going to have trouble making mortgag payments now.
All those positive comments are from renters who have been told they will be made whole. All the owner's comments that they are getting screwed are getting removed. I know because I was one of them.
You claim you read 30 pages on this thread and you still believe 'David will work it out'. Good luck with that. Let's put what is happening up against your rental...
Disney is still closed come October. David's sends you an email asking for the 70% back. They tell you that they are not refunding the owner. They will keep the money and give the renter an undefined voucher to be used on future travel, despite contract stating they will get full refund. Also on the contract, as long as you do everything required, you are guaranteed payment that is not being honoured. And to make matters worse, your points expire 12/1/20 and can't be banked. Do you still have confidence in David's now that you are out your points and the money you were to get for them?
The way David has handled and communicated this whole thing has been poor. I expected more for the 22.5% I gave up.