How Much Would You Rent Me Your SSR 1 or 2 Bd Apt - Privately

[angel659]

Hiya

We are interested in buying a DVC, but were advised to perhaps rent out a property before buying.

We will be travelling on the 2nd March 2007 for 14 nights. There will be myself, my dh and 3 kids aged 7,3,3

Would you be able to give us a price on how much it would be to rent this accomodation out.

Just to compare whether to buy straight away or to rent before.

I understand that you cant book till 10 months prior? But really wanted a rough figure.

Thanks
Michelle

 

[magicalmcwho]

Hi,

A one bedroom at SSR for that time for two weeks, is 243 points per week (486 for 2 weeks stay).

A two bedroom at SSR for that time for two weeks, is 316 points per week (632 for 2 weeks stay).

Cost to rent these points @ $10 per point would be:
One Bedroom - $4860 (you would need to provide extra beeding for 5th person, since this sleeps 4 people only. MS is alllowing 5 people in a one bedroom at this time, but no extra bedding)

Two Bedroom - $6320

I think the current price is at $83 per point.
If you bought 316 points at SSR at the current price it would be $26291.

So you would only owe $20000 if you financed it after paying $6320 that you would pay for a rental.


Jim.

 

[lark]

Hi,

A one bedroom at SSR for that time for two weeks, is 243 points per week (486 for 2 weeks stay).

A two bedroom at SSR for that time for two weeks, is 316 points per week (632 for 2 weeks stay).

Cost to rent these points @ $10 per point would be:
One Bedroom - $4860 (you would need to provide extra beeding for 5th person, since this sleeps 4 people only. MS is alllowing 5 people in a one bedroom at this time, but no extra bedding)

Two Bedroom - $6320

I think the current price is at $83 per point.
If you bought 316 points at SSR at the current price it would be $26291.

So you would only owe $20000 if you financed it after paying $6320 that you would pay for a rental.


Jim.

Two thoughts about this math. First, the OP should understand that the math above assumes you'd be borrowing all of your next year's point this year. Put another way, the rental price of $6320 equates to 632 points, not to 316. So you wouldn't have any points to use next year (unless you borrowed again). Second, the two years worth of points you'd be using would cost you about $2600 in maintenance fees over the next two years, so that's part of the math that has to be taken into account. (As does the fact, though, that in 2 years, SSR is not likely to be priced at $83 per point.)

 

[ACDSNY]

Two thoughts about this math. First, the OP should understand that the math above assumes you'd be borrowing all of your next year's point this year. Put another way, the rental price of $6320 equates to 632 points, not to 316. So you wouldn't have any points to use next year (unless you borrowed again). Second, the two years worth of points you'd be using would cost you about $2600 in maintenance fees over the next two years, so that's part of the math that has to be taken into account. (As does the fact, though, that in 2 years, SSR is not likely to be priced at $83 per point.)

I thought I read on earlier posts if you purchased on this incentive you received June UY 2005 points and then they would get 2006 points before their trip in Oct 2006. So they would have the two years worth of points before their trip.

 

[pouncingpluto]

As of a couple days ago, there were still June UY available.

 

[lark]

I thought I read on earlier posts if you purchased on this incentive you received June UY 2005 points and then they would get 2006 points before their trip in Oct 2006. So they would have the two years worth of points before their trip.

Aha -- I see. That is a good incentive.

 

[lark]

You know, in thinking about this a little more, if one had a high degree of risk tolerance, you could almost imagine buying via the current incentives, getting the $83 price and double points, doing a trip, and then just reselling.

Your total cost would be one year's MFs, plus broker fees, plus any loss you take on the resale. (Plus the time value of money for a year.)

Sure it's risky if you can't resell. But how likely is that? Even if the best you could do is $73 per point, you still come out better than renting 600 points for $10 per point. And once disney ends the incentives, the value of the points is only going to increase, not decrease.

 

[RobDoc]

Since this is a discussion about purchasing DVC and renting I'll move it to the DVC Board where those discussions are welcome.