I would be surprised if, after DVD explained that they were instituting the limit because for-profit renters are scooping up almost all the best value rooms 12 or more months in advance, the average DVC member wouldn’t be willing to vote to cap rentals at 1.5x or 2x the prior year’s membership fees. Enough to cover dues and part of your buy in if you have to, but not enough that people buy contracts for profit.
This is a misunderstanding. If you are routinely using your contract to make money to pay for other things (including Disney stays and dues on other contracts), it definitionally commercial renting (it may be less clear if it’s a commercial enterprise, but it could be depending on exact language of the contract. Trading the room you have for a different travel product may have a similar outcome but it would be treated differently by law, much like how two people spontaneously exchanging holiday gifts is not taxable but two people negotiating to swap items or services is a taxable exchange.
I think you are conflating “routine across the whole membership” with “routine for commercial renters who have systems designed to optimize for maximum profit.” I don’t think most DVC owners are doing better than $20/rental, but my guess is the more you are focused on profits (commercial activity) the higher your median rental per point metric will be. I would bet that the average owner who only rents points when something comes up unexpectedly clears far less than $18/pt average, but it would be that the big rental players are above $25/pt and the most sophisticated ones could clear $30/pt as a median rate.
I agree with you, and those are the ones who are likely securing the highest rental profits, which is why it’s worth thinking about a cap that is generous enough to cover dues and a bit extra for buy in costs but not so generous people are buying points to make money.
One final thought (not addressed to the quoted post above)— it’s easy for people with a lot of excess points or who don’t like room types that get walked/blocked by renters to say “why upset my ability to do whatever I want just because standard studios at BWV are rarely available or because you can’t get xyz room for months AB+C” but Disney markets these room categories as being available to owners and some people rely on that to buy 25-75 point contracts (I am not one of them), only to be frustrated that the rooms marketed to them is almost never available to the average owner. This is unfair to those owners and a potential legal risk for DVD.
I would like to get rid of commercial renting entirely (or at least before the 4 month mark), but if Disney doesn’t have the ability/interest to do that, putting limits on per point rental costs would probably help free up some of the best value rooms in favor of the rooms that appeal to renters (higher
point chart rooms) and discourage people from buying points purely to rent them out.
