I still don't understand Why?

[browniemtb]

Hopefully I won't get nailed here, but I always look at the rent and trade boards and find members beating each other down on price. One post wants to rent or transfer points at $10PP and another member writes, I need points but can you come down on price. Come on now people........even if points rented at $15PP everyone would still make out. I really don't understand why anyone would rent or transfer under $10......and to down right rent points that are not distressed for $10 or less is crazy. I know these conversations have come around many times but I cringe when I see a post for $8PP......
But we all must do what we have to.....especially if the points are non bankable or in holding......

 

[Starr W.]

Being a newbie, I find the rent board very interesting reading. People who want Xmas or NYE for this year at a specific resort.

 

[tubtruck]

I recently rented out some points from my account, I had 55 personal messages about them by the time I had completed the transaction, I even put on the message board that their was no availabiltiy at any DVC resort for any type of room yet people still keep asking for availability over this period. Perhaps renters need to put their hands a little deeper into their pockets and we owners need to be a little more disciplined over how much we rent any spare points out for. An example would be at christmas, even at $20 per point it would still be a discount of per day $88.95 over the disney rack rate at OKW and this doesnt even account for the tax which would have to be paid on top, and it would more than pay for the extra cleaning that you would get if you booked direct with disney. Do people forget that a studio at OKW costs $389 + tax per night! and one at the BCV costs $475 + tax per night! during the hoilday season. I saw someone selling their points for $6.50 the other week, this hardly covers their annual dues. I think some owners forget that they have to pay over $4 per year at any resort for every point they own, at some resorts over $5. Given the fact that a typical 250 point contract has a cost of up to $25000 (more than some people earn in a year on either side of the atlantic and a major investment to the large majority of people)
I asked $11 for the points I was selling and I even had a PM from one potential renter telling me that the "normal price for points is only $10 and why was I asking $11". The cheek of it!. Given that our dues go up year on year isnt it high time that we reflected this in what we ask for our spare points rather than almost giving them away. If this does not happen we will find more disgruntled owners over the years with spare points delibaratly booking Christmas/New Year week at the 11 month window in order to sell the days as a fixed block near to the date, giving them nearer to what the points are worth but preventing other owners from using their points when they want as the resort will be full with people renting cheaply.

 

[tubtruck]

Just one other thing, I always considered the number of non owners wanting to rent was fairly balanced with the number of owners wanting either transfer or rent points out. What I hadnt taken into account was the fact that my PM would be swamped with people who wanted to rent from me, only a handful showed any interest on the board i.e from memory I think I had only 3 or 4 people showing interest directly on the board the rest were through personal messages. I had to PM several who had already given me their details thinking they were the only ones interested. The person who got the points ended up been a transfer to another owner which is obviously advantageous for me I am sure anyone who is able to transfer their spare points would rather do this than rent to a stranger who potentially could wreck the place and leave the owner liable or run up an unaid bill, not that I am saying this happens often but their is a risk of this happening and ultimatly we are the owners and the buck may potentially stop with us. To me this shows that their is an awful lot more folks out there looking for a cheap deal than there are owners able or willing to provide one, this alone has convinced me that is is hight time we all realised that we are underselling our large investment and raised the rents.

 

[3DisneyKids]

I have an interesting experience related to this topic....

A good friend of mine comes to me with her Disney plannig questions (of course! We all have those friends, right?? ) Anyway, for some reason she thought she was being a pain asking me all of her questions, so she went online and bought an e-Book about "How to save money on a Disney vacation" type of thing.

The VERY FIRST tip in the book is to rent DVC points. Not only that, the "author" (and I use that term loosely, as this e-book is more of a pamphlet) gives specific instructions on coming to the DIS BOARDS! She explains the site, how to get a username, how to get to the rent/trade board, what to ask for you when you contact a member, etc.

I will have to ask my friend to e-mail me this "book" and see of the author gives information on "negotiating" prices. Maybe those looking to rent points are following this person's advice and trying to drive the price down??

 

[mikron]

I think as the dues go up so will the cost to rent. I feel if points rented at 12.00/point the renter is still saving a ton over disney. The 10.00 is an easy number to compute and easy to get your points rented fast. My sister stayed with friends for 12 days this november at SSR, as a member cost her 400 points. At 10.00/point 4,000.00, disney cost 10,000.00 plus.

 

[dumbo71]

Brownie,

You can't fault someone for trying to get a deal. Problem is they would stop asking but people continue to rent/transfer points for far to cheap. They ask because people end up meeting those low prices.

This is the reason I never used the Dis to rent points. I priced mine at a set price for 6 days. I'd list the TOTAL price not per point amounts. This is why I always ended up getting $15 or more per point in the end. The renter still got a discount off of rack rates or any other discounts offered by WDW.

I agree it is anoying but the very people who use this forum to rent/trade are the real problem.

 

[LoveToDisney]

Although I think $10 a point is a great price and it's crazy to go lower if points are not distressed, life is too short to worry about what other people do. If those threads bother you, simply don't read them.

 

[spiceycat]

I so she went online and bought an e-Book about "How to save money on a Disney vacation" type of thing.

The VERY FIRST tip in the book is to rent DVC points. Not only that, the "author" (and I use that term loosely, as this e-book is more of a pamphlet) gives specific instructions on coming to the DIS BOARDS! She explains the site, how to get a username, how to get to the rent/trade board, what to ask for you when you contact a member, etc.

I can't believe your friends actually paid to learn about the Dis. what happen to yahoo or other search engines?

other disers have always tried to get a better price.

when this happened to me - I don't even reply - just went to the next person on the list. I try to make it plain in my listing that this is the price period. if you don't want to pay this go to someone else - don't bother me.

It was Thankgiving week at BWV. my brother cancel on me at the last minute....

 

[rkwells]

Ok, I am sure I am going to get flamed here but here goes..I am not a DVC member but just recently rented points for the first time. As a renter I did get an unbelievable deal. If I wasn't able to get this deal I wouldn't be able to stay on-site during spring break as rack rates are too high during this time period. Also, I don't want to stay at a moderate or value so I would just get a room outside of WDW. I usually stay at a Deluxe during a non-peak season for about the same as I am spending to rent. I would never choose to stay at a DVC resort over a regular deluxe under any other circumstances so the rack rates at a DVC resort as an arguement to pay more for rental don't seem relavent to me.(we are renting a studio).
Also, I thought it stated in the members contract that you are not allowed to rent for profit????
Lastly, it seemed to me when reading the boards that the memebers that rent below $10 have a vacation planned for themselves (specific dates) that they have to unload at the last minute, usually during a non-desirable time period. It is usually circumstances that if they don't rent these points, they run the risk of just loosing them. At $8 a point it is better then nothing.
Just my thoughts.

 

[spiceycat]

Regina - sometimes it to get rid of them - other times it is a new member or new to the Dis who is unaware of the real value of their points.

there was a time when I say I would never rent. but things happen.

 

[disney junky]

Also, I thought it stated in the members contract that you are not allowed to rent for profit????

Don't remember ever seeing that...

 

[CarolMN]

Don't remember ever seeing that...

That's because it isn't in there - at least not in the paperwork I signed, LOL.

 

[Simba's Mom]

Hopefully I won't get nailed here, but I always look at the rent and trade boards and find members beating each other down on price. One post wants to rent or transfer points at $10PP and another member writes, I need points but can you come down on price. Come on now people........even if points rented at $15PP everyone would still make out. I really don't understand why anyone would rent or transfer under $10......and to down right rent points that are not distressed for $10 or less is crazy. I know these conversations have come around many times but I cringe when I see a post for $8PP......
But we all must do what we have to.....especially if the points are non bankable or in holding......

You know, we've been members for almost 5 years, and it seems that 5 years ago, people were renting points for $10 a point. The number of points needed per night hasn't changed, which would mean that you can rent a room for the same amount per night as you did almost 5 years ago. Yet, in that time, the CRO cost of rooms certainly has increased significantly. It seems to me that renting points is getting to be a better and better deal all the time. I just scratch my head in puzzlement at that.

 

[allflgirl]

Also, I thought it stated in the members contract that you are not allowed to rent for profit????

As a member, I read no where in our documents that says you are not allowed to rent for profit. It only states that you are not to exchange money for TRANSFERRING of points (points transferred from one member to another member).

Although it's not quite apples to apples when renting from a owner points to paying directly through Disney (since you do not get daily housekeeping when using points and you do when paying cash), $10 a point is still a little low in my book.

 

[rkwells]

As a member, I read no where in our documents that says you are not allowed to rent for profit. It only states that you are not to exchange money for TRANSFERRING of points (points transferred from one member to another member).

I have no Idea myself what the paperwork actually states, However I have followed a thread off and on for the last couple of weeks where DVC members were discussing the DVC auctions on E-Bay and commercial owners who never bought memberships intending to use them. They were purchased solely to profit from them. The members stated that DVC is cracking down on the ebay sellers and others where it is obvious they are selling for profit becaust the DVC contracts don't allow this. There was also long debate as to what constitutes selling for profit. This is what I left ??? after my statement. I have no idea what the contract states.

 

[Y-ASK]

I have no idea what the contract states.

Well common and join the club! Then you'll know.

Y-ASK

 

[rkwells]

Well common and join the club! Then you'll know.

Y-ASK

Y-ASK.. I really hope to someday We are going to dis in march and I am trying to figure out how to suggest to my husband taking a DVC tour while we are there

 

[keishashadow]

Not that I've been following the rent board lately but, when I did need to transfer some points a year or so ago, it seemed as though (other than distressed points) BC, BW & WL points were @ least going for $10 if not more. Feel free to correct me if the case has changed.

I think renters are getting savy enough to haggle price & pick up on the 11 month window for prime times.

 

[Mississippian]

Hopefully I won't get nailed here, but I always look at the rent and trade boards and find members beating each other down on price. One post wants to rent or transfer points at $10PP and another member writes, I need points but can you come down on price. Come on now people........even if points rented at $15PP everyone would still make out. I really don't understand why anyone would rent or transfer under $10......and to down right rent points that are not distressed for $10 or less is crazy. I know these conversations have come around many times but I cringe when I see a post for $8PP......
But we all must do what we have to.....especially if the points are non bankable or in holding......

People are just trading the points at prices that they consider their best interests. Buyers just want to pay as little as possible, and sellers want to get as much as possible.

Suppose you have 150 points. If you have a choice of renting them all to one person at $9 per point, or to three different people at $11 per point, which would you choose? I might choose to take less money to have to deal with only one person.

Sellers can hold out for more money, but if their points go unrented, who will compensate them? Not me, not you!

The current rental prices are based on supply and demand, and are thus "fair" to everyone.