DVC must stop rentals.....

[Bearval]

I am 6 months out from my trip, and I can't get a full week in a studio anywhere. Disney has to stop the rental market, at least until the backlog of points clears. Members using their own points should have some availability at this point.

Just imagine the issue people who only have RIV resale points are going to have down the road. They better be booking right at the 11 month mark.

 

[Sandisw]

Just imagine the issue people who only have RIV resale points are going to have down the road. They better be booking right at the 11 month mark.

I bet most will and if not, will learn quickly. My RIV resale were used right at 11 months!!

 

[Ruttangel]

If I own 75 points at CCV and can only afford studios then if I miss out at 11 months then I'm on at 8am at 7 months to get anywhere else.
I think there is definitely a trend to booking earlier but it's more to do with empty cabins and bungalows.
We need to refresh availability workings to see what's changed since last looked at it

 

[peabody58]

Buy where you want to stay, and book early! Eazy, peazy!

That's why we added on to BWV last fall. Now we get everything we want at BLT and BWV. Even our BWV wait-lists for an extra night in a Std Studio in Dec came through. We can live without doing other resorts at 7 months, especially since most of them require more points. IMO, renting has nothing to do with short term availability. YMMV

 

[DL1WDW2]

Just keep buying …?
Good advice

I was hoping for some movement today withGrand Floridian but I guess I’ll check again tomorrow.
Cant remember if the window opens today or not.

 

[xdan0920]

Just keep buying …?
Good advice

I was hoping for some movement today withGrand Floridian but I guess I’ll check again tomorrow.
Cant remember if the window opens today or not.

Opens tomorrow.

Yes, the "advice" that no one asked for....certainly is helpful.

 

[BeachClub2014]

Buy where you want to stay, and book early! Eazy, peazy!

Yup. Good advice.

 

[_auroraborealis_]

Arguably, your best chance at a booking under 7 months is to have points sufficient for a 1BR.

Anyone who fits in a studio fits in a 1BR.

 

[AnnaKristoff2013]

-------
*: There is a healthy set of folks who buy, strip, and resell DVC contracts, renting out the stripped points. The 50% borrowing limit curtailed that a little bit, but not entirely. If I recall, there is still an exception to the one-transfer-a-year rule for accounts owned by the same person, so there is still a way to strip contracts fully. Wyndham had a few people with a similar business model, and they "corrected" it by limiting borrowing to reservations made 90 days or less prior to check-in. The other way of curbing it would be to require folks to pre-pay dues on borrowed points, and that would reduce the value of stripping in a way that probably would not fully be recouped when selling the stripped contract.

Given closing costs, the time value of money, and the fact that there is always a risk that DVC resales decline in value, this can't possibly be that cost-effective? Is this really widespread? It seems both risky and minimally profitable on an hourly basis to me.

 

[AnnaKristoff2013]

OKW in 1991 (230 pts @51=11,730)
OKW in 2022 (150 pts @ 200= 30,000)

Minimum buy ins for the time.

$11,730 in 1991 dollars is roughly equivalent to $25,000 in today's dollars, so the price isn't too far off, but you got a lot more bang for your buck back then...

 

[AnnaKristoff2013]

I am a charter member. So I am quite sure I understand.

I don't think the system was designed to handle the current iteration of the rental market. The fixed week issue is a real problem. I don't know what the solution is, but something should be done.

I am looking at the 2nd week of Nov and there is nothing.

If you've owned since the mid-90's then you could walk away from your membership right now, and sell your points at an absurd profit effectively meaning that the only cost you've paid for your vacations over the years was the cost of your annual dues (and not even that because you can likely sell your contract now for $100 per point more than you purchased at, which covers a couple of decades worth of annual dues!) So yeah, I don't think you should be angry here. If DVC is no longer for you, smile at the fact that you've vacationed at Disney World for decades for pennies.

 

[AnnaKristoff2013]

I don’t want there to be evergreen availability. I think if rentals were restricted, availability would extend beyond 7 months is all.

For Jersey week? The other thing that has changed from the 90's are people's travel patterns. November is incredibly popular right now in Disney. It was not back in the 90's. I've been booking DVC during the summer the past two years and have had no problems getting "last minute" reservations. Part of this may be because of climate change and the fact that Florida in August is now roughly the temperature of the surface of the sun, but I just had a waitlist fill for a 6 day stay in a standard-view one bedroom at Boardwalk August 14-20 a few weeks ago. This was after I initially booked a preferred-room 1 br at OKW for the same dates, also well within the 7 month window. It is possible to get reservations well within 7 months, just not at the new high demand times.

 

[mistysue]

Arguably, your best chance at a booking under 7 months is to have points sufficient for a 1BR.

Anyone who fits in a studio fits in a 1BR.

I know this is a teency detail, but there are a few locations where studios have capacity for 5, but 1 bedrooms have listed capacity of 4. This actually stopped us from staying at /buying into Beach Club for years. It also happens I think depending on category at Boardwalk and maybe Boulder Ridge?

But yes, to your point I agree 1bdrm is easier to get at 7 months.

 

[thanxfornoticin]

For Jersey week? The other thing that has changed from the 90's are people's travel patterns. November is incredibly popular right now in Disney. It was not back in the 90's.

Agreed. But Disney was ridiculously smart. They focused on the slower time periods and put things together to draw people in - so no more slow periods. November did used to be slower - so they added F&W and added one of the most popular run weekends of the year - so people now make November a 'busy' time! And the creation of the so-called 'Jersey Week' makes it extra fun! DVC members know they must plan effectively this time of year.

 

[theMoreDisneytheBetter]

Agreed. But Disney was ridiculously smart. They focused on the slower time periods and put things together to draw people in - so no more slow periods. November did used to be slower - so they added F&W and added one of the most popular run weekends of the year - so people now make November a 'busy' time! And the creation of the so-called 'Jersey Week' makes it extra fun! DVC members know they must plan effectively this time of year.

Jersey Week (NJ teacher convention where students get 3-5 days off in early November when most other districts are in school) is a real thing!

 

[Genie+]

I suppose it is possible that the membership at large is booking studios over larger villas at rate of 60:1 in the 11-7 month window, but I bet it's not very likely. If not, this is an instance where the rental market is skewing booking patterns even more highly in favor of studios than it would have been if owners were just booking for themselves or their friends and family. And that's because studios have much more room for profit than larger units.

This is possible. Take BLT for example. Nov 6-13, 2022 (Sun-Sun)

Standard Views	Cash Rack Rate	DVC Rental $20pp
Studio	$5,336	$2,460
1BR	$7,674 (~50% over studio)	$4,800 (~100% over studio)

Most people delve into DVC because they are budget conscious. The DVC studio rental looks most attractive in that regard. Occupancy here is 4 in Studio and 5 in 1BR (varies across resorts). For 4 people the $2,460 DVC studio rental still looks great even if the Cash room had a 25% off deal for $4k. If 5 ppl, they’d likely just turn to resorts that fit 5 in a studio. If they wanted more room to stretch out, the 1BR options would likely be $4,800 through Rental or $5,755 with a common 25% off Cash offer. The math is now much closer. Is that relatively smaller savings worth going the riskier, less flexible Rental route? I think the rental market leans hardest on studios and 2BRs. It wasn’t often we saw requests for 1BRs on the rental boards.

More renters could possibly cause less studio availability. Covid also had its impact. And the mantra has become buy where you want to stay and hold something before 7 months, so more people are doing just that. There‘s still usually the alternative of split stay and waitlisting better options.

 

[PinkPixel]

Rentals are far less of an issue for studios than the sale of points attached to cabins and bungalows, and owners of off-site points who purchased for near exclusive on-property use.

Disney cannot legally stop rentals and they have always been in your terms and conditions.

Disney didn't have to imbalance the system by building bungalows and cabins. And if they managed to legally stop rentals tomorrow, you still wouldn't find studios at 6 months.

Can you explain how the bungalows and cabins effect studies? I wanted to buy in for the two bedroom and up villas but they are so much points I decided against it.

 

[thanxfornoticin]

Jersey Week (NJ teacher convention where students get 3-5 days off in early November when most other districts are in school) is a real thing!

Oh, no - I understand it's a real thing. I've seen the results! It just wasn't a big thing in the early days of DVC - at least not like it's been the past couple decades.

 

[DonMacGregor]

The only "practice" I sorta take issue with, and I'm guessing it's still not much more than a blip, is the whole idea of members, knowing they can't use their points due to travel restrictions, or scheduling, or whatever, grabbing reservations at peak times simply to maximize their profit. I don't want anyone to lose money due to circumstances beyond their control, but if you can rent out your points and break even or turn a small profit, rather than secure a prime reservation at Christmas or Easter or marathon weekend that you're never going to use, just to make more money in the process, then that's not cool. Allowed under the rules, but still not cool (kinda like buying 50 rolls of TP back in 2020, giving you a years' supply and leaving someone else stealing napkins at McDonalds).

 

[MakiraMarlena]

apparently because they put effort and space into building bungalows and cabins, whereas what a lot of members want and need is more studios. So the bungalows and cabins often sit empty while the studios book up absurdly early.