DVC T &C Personal Use - Only Thread to Discuss!

[VGCgroupie]

Do you have a link to this? Because I had always suspected that they were in fact strip mining contracts, so I’d be curious to see what he had to say. They always seem to have a higher proportion of stripped contracts for sale versus the other major players.

This is the video. He was also making the video based off these type of accusations that were thrown at them on Reddit which I saw him address on Reddit (not sure if I can post Reddit here)

 

[kilik64]

(not sure if I can post Reddit here)

You can, others have posted reddit links and they are not blocked from what I have seen.

 

[VGCgroupie]

You can, others have posted reddit links and they are not blocked from what I have seen.

This is the thread where he resounds to these kinds of accusations

https://www.reddit.com/r/dvcmember/comments/1l1rnt7/dvc_reveals_new_rules_aimed_at_renting_dvc_points

 

[Sandisw]

This is the video. He was also making the video based off these type of accusations that were thrown at them on Reddit which I saw him address on Reddit (not sure if I can post Reddit here)

As long as the link works, you can. You can’t share screenshots.

If the link requires you to have an account, and you have to log in…like is the case with FB…then we don’t usually allow.

 

[VGCgroupie]

If you watch the video, he very carefully only mentions Rental Store, and makes no reference to Resale Market or the fact that the two companies fall under the same corporate umbrella. All of his representations are specific only to Rental Store.

He makes statements like “We (Rental Store) don’t own any points, we’re just an intermediary”, yet the Resale Market division absolutely owns points through their “Instant Sale” program.

This is true. If they are doing what some are saying then I assume DVC will catch up with them and rightfully so.

My whole reason for bringing it up was I was told that I shouldn’t be against commercial renting while posting on a board funded by commercial renters. I didn’t bring it up to outright defend or shine light on DVCRM or DVCRS.

 

[Kingkonig]

When there are as many spec rentals for these hard to get rooms on broker sites as there are, I don't see how anyone could seriously believe it's not an issue.

What was the quote from earlier? “You can believe anything if your financial situation depends on it” or something to that effect?

 

[Brian Noble]

I was told that I shouldn’t be against commercial renting while posting on a board funded by commercial renters.

I do not see any provision in the Board Guidelines that forbids us from taking positions that may be adverse to one or more board sponsors.

What was the quote from earlier? “You can believe anything if your financial situation depends on it” or something to that effect?

https://quoteinvestigator.com/2017/11/30/salary/

 

[muppets3d]

What was the quote from earlier? “You can believe anything if your financial situation depends on it” or something to that effect?

Latin phrase - cui prodest? - who stands to gain? was what I said probably 30 pages ago now. lol

 

[Sandisw]

This is true. If they are doing what some are saying then I assume DVC will catch up with them and rightfully so.

My whole reason for bringing it up was I was told that I shouldn’t be against commercial renting while posting on a board funded by commercial renters. I didn’t bring it up to outright defend or shine light on DVCRM or DVCRS.

I am not sure anyone has said anyone must be okay with commercial renting, have they

The debate is really about what makes it that way and when enforcement by DVC should kick in.

For everyone….

The only thing we do not allow here is people sharing information from sites that are in the boards filter or specific rentals that are being advertised,,,I see 3 XYZ villas being offered for check in January 2nd…

So, if a business is filtered, then one can’t say “there is a site out there with 100 spec rentals for AKV” if that site is filtered.

If the site is not, as in the board sponsor, you are free to discuss things in general terms, just not specific…ie:::the board sponsor currently has 100 confirmed rentals in hard to get rooms”

If posters have an issue with board rules or mods decisions for enforcing rules, they can email admins@wdwinfo.com

They are not allowed to add that criticism publicly.

 

[wilkydelts]

The debate is really about what makes it that way and when enforcement by DVC should kick in.

Umm, 10 years ago?

 

[AnnaKristoff2013]

I have a fundamental question/speculation for the group. Actually. it's a speculation wrapped in a hypothetical question.

I fundamentally believe that 'spec rentals' are by far and away the largest contributor to the effect to 'normal' owners. If DVD could figure out a way to prevent spec rentals, wouldn't this solve the vast majority of problems? Is it even possible to do this?

There has been a great amount of speculation and intellectual one-upsmanship banter in this thread, and I've enjoyed reading most of it, but you gotta simplify this thing for my simple mind. Isn't spec renting the real problem here on a fundamental level?

As @Brian Noble has pointed out, every attempt by other timeshare companies to fix the supply side, or tweak the system, has failed to curb the problem of commercial renting causing supply issues for casual timeshare owners. The only tried and true method is to crush demand, by instilling fear in the marketplace of cancelled reservations.

 

[kilik64]

As @Brian Noble has pointed out, every attempt by other timeshare companies to fix the supply side, or tweak the system, has failed to curb the problem of commercial renting causing supply issues for casual timeshare owners. The only tried and true method is to crush demand, by instilling fear in the marketplace of cancelled reservations.

And with how the internets work these days, would only take a handful of last minute cancels to do that.

 

[AnnaKristoff2013]

DVC tried to institute 2FA a few years ago, but quickly rolled it back. I don't recall why - maybe they weren't ready to fight the rental cabal yet? They did later require 2FA when accessing the mortgage section of the site, however.

They rolled it back because their IT is incompetent and it accidentally let you log in without putting in the correct password (only the 2fa code had to be correct).

 

[Sandisw]

Umm, 10 years ago?

At least 10 years ago it was easy because DVC gave specifics.

 

[wilkydelts]

At least 10 years ago it was easy because DVC gave specifics.

But rules without enforcement aren't rules, its just an honesty test.

 

[jennypenny]

And with how the internets work these days, would only take a handful of last minute cancels to do that

^this

DVC can start by eliminating the biggest rental whales and keep going until the system stabilizes. No way to know for sure where that line will be.

 

[Genie+]

It’s very legitimate to say that a board like this is going rate - why would you pay more when tons of people here and on Facebook are renting at 16 to 20 a point.

Just because there’s fools out there who will pay rack rate renting points it doesn’t mean that’s the going rate. People rent points because it’s cheaper than paying Disney prices.

There are 2 strategies for rentals. Matching up with an owner while availability exists, like your example. Most are happening with a lead time between 6-11 months, because after that the options are often slim to none. Especially during high demand months like fall and low point seasons.

The second way is to hold something relatively popular and wait for the above option to dry up, and usually by that point cash discounts/offers have dried up or hold little inventory. At 2 to 5 months out from the reservation date, that $400/nt CCV or $500/nt BCV studio starts looking much better if the only competition is over $300 for CSR/POR, over $350 for CBR, and over $400 for AKV/SSR.

Covid pushed so many points forward that availability got really tight, making it harder to rent the traditional way. Brokers started advising clients to book first, then find a renter later. Spec renting took off. But before that brokers typically only allowed them as last minute distressed reservations, maybe 8 weeks out. Probably as a measure to prevent upsetting DVC. Covid pushed the necessity to test the limits, which ushered in the normalization. The result was more places to run this activity, and more owners savvy to higher earnings of spec res. Cat out of the bag.

 

[VGCgroupie]

I am not sure anyone has said anyone must be okay with commercial renting, have they?

The debate is really about what makes it that way and when enforcement by DVC should kick in.

The only thing we do not allow here is people sharing information from sites that are in the boards filter or specific rentals that are being advertised,,,I see 3 XYZ villas being offered for check in January 2nd…

So, if a business is filtered, then one can’t say “there is a site out there with 100 spec rentals for AKV” if that site is filtered.

If the site is not, as in the board sponsor, you are free to discuss things in general terms, just not specific…ie:::the board sponsor currently has 100 confirmed rentals in hard to get rooms”

If posters have an issue with board rules or mods decisions for enforcing rules, they can email admins@wdwinfo.com

They are not allowed to add that criticism publicly.

There’s so many posts that I’m sure that is why you not are grasping what I was saying. TBH I’m too exhausted to break down why I said what I said and the rules have nothing to do with my post or theirs.

 

[mkatsy]

Would having the DVC points in a trust prevent this ie the marital asset, crazy in-law?

It is my understanding that a trust will prevent a forced sale, but I’m just a nana not an attorney but any owner can call member services and change the reservation or point allocation such as bank/borrow.

 

[Sandisw]

But rules without enforcement aren't rules.

It was very easy to get around the old rule because it was written to apply to each membership and owners simply created multiple memberships in the names of owners.

And that is why this new language telling us what level of renting is not considered personal use was not specific.

If they wanted it to be, they could have…but instead used frequently or regularly…which can be daily, monthly, yearly, or beyond if they decide that’s what they want it to be.

Which means, if they decide it’s monthly and enforce that it fits…if they decide it’s yearly, it fits…

If they set it at a %, it fits…the world is their oyster right now.