I still don't understand Why?

[browniemtb]

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

The rents are fair, definitely. Its what a renter is willing to accepted for there ownership. All I'm saying is that renters can get more and it still will be very fair. We now have to do more leg work...as far as booking ME or DDP. Not hard to do but we still have to do it. Most may be happy with $10, thats great.....you never know I may rent at the same level to compete if I ever need to. As far as supply and demand.....it seems very equal and there actually may be more people looking to rent than actually are points to rent. Don't forget a lot a rental agreements happen behind the scenes...they don't show up on any post.....mostly PMs and emails.

 

[Starr W.]

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??

Just pulled this quote off the rent board. Wonder if this is the book your friend is using.

"I am not a DVC member, but found out about this website by reading a book called "The Ultimate Disney World Savings Guide" by Beth Haworth"

Just checked the website, it's an e-book. She's an ex-CM.

Sounds like she really pushes the DDP too.

 

[trstno1]

I am not a DVC member, and I have never rented. I was strongly considering renting, but I was able to trade in via Interval International.

When I was looking at renting, I came to expect that the cost would be $10pp, and if I was lucky, it would be less. I wasn't expecting it to cost more. This didn't come from any ebook or guidebook - it came from looking at these boards - the same place I get all of my information about Disney.

I think that most new point renters are going to be pretty net-saavy, and they are going to make there way to these boards. Like me, they will probably develop their expectations from what they read here.

 

[lovwdwalot]

It's all about supply & demand, There are a lot of people who want to rent their points and at this moment the set price has always been $10 a point.

Renters on these forum know that has been the case for how many years now? 5 years or more?

Now if DVC owners who want to rent out their points & they want the price per point to go up, to match the price of ours dues which can and do go up per point yearly. Should start charging more per point, say $12 per point or more. Now I know this has been talked about before, and as I stated its all about supply & demand! The demand is there for us owners to rent the points, we as owners have the supply of points to rent and at $12 per point the renters are still saving alot of money. We as DVC owners are the ones who set the market price, and as it is now the people who rent their points(which I do not) should be renting per point at a higher cost to meet the cost of inflation.

 

[robinb]

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

They can try to haggle. I recently raised my price to $11 per point and had no problem renting my points. I had one renter try to haggle me down to $10 but I reinterated why I was a better DVC member and he rented from me anyway.

We're selling our OKW points next year for VKL and (cross my fingers) VCR. I don'r think I'll have points to rent next year.

 

[lovwdwalot]

points
Quote:
Originally Posted by icydog
I think the problem is you are asking someone to rent points to you that have to be in a specific resort plus you are asking someone to find you a room type that gets eaten up the day it becomes available. If I was going to rent you some BWV points for November they would cost you $15 -17 per point. Now if you want some BCV points for November 2007 I can get you those too.


I don't think that is the problem, i already have someone getting me 4 studios for that time at 9.75 a point, it is just that my sister in law needs one also and that is who this would be for.
thanks


This is what I was talking about! I pasted this from the rent boards, this person is renting from a DVC member for four (4) studios in Nov. of 2007, which the last time I check was a busy time of year at WDW! And he is renting these points at $9.75 a point! Could the DVC member has gotten more for these points? I think so!!

I truly believe that the cost of points for renting will never go up to match the cost of what our dues go per year. Which I think they should!

 

[browniemtb]

points
Quote:
Originally Posted by icydog
I think the problem is you are asking someone to rent points to you that have to be in a specific resort plus you are asking someone to find you a room type that gets eaten up the day it becomes available. If I was going to rent you some BWV points for November they would cost you $15 -17 per point. Now if you want some BCV points for November 2007 I can get you those too.

I don't think that is the problem, i already have someone getting me 4 studios for that time at 9.75 a point, it is just that my sister in law needs one also and that is who this would be for.
thanks

I just read this post.....this is what I mean about giving the store away. $9.75 PP for stnd view studios during, more than likely, F&W. Why did I even bother to buy in. The renters are getting a better deal then the owners......There is also a new post with someone renting 116 points for $1001....or just $8.63 PP, but they are distressed points.....Jan expiration. I guess we all have to do what we have to.

 

[robinb]

I just read this post.....this is what I mean about giving the store away. $9.75 PP for stnd view studios during, more than likely, F&W. Why did I even bother to buy in. The renters are getting a better deal then the owners......There is also a new post with someone renting 116 points for $1001....or just $8.63 PP, but they are distressed points.....Jan expiration. I guess we all have to do what we have to.

I just want to point out that you are taking the renter, who has a whopping 25 posts all in the R/T board, at his or her word on how much they are paying. They may in fact have such a great deal or they may be fibbing to make someone say "Well, I guess if I want to rent my points I'll have to go that low." Since renting points is a negotiation process they are certainly able to set their "buy price" at $9.75 and the rest of us are able to set our "sell price" at whatever we wish.

 

[dumbo71]

I recently raised my price to $11 per point and had no problem renting my points. I had one renter try to haggle me down to $10 but I reinterated why I was a BETTER DVC member and he rented from me anyway..

I highlighted the word better. Why are you a "better" DVC member? Is it because you are raising the standards by renting at $11 or do you just percieve yourself as a "better" member?

No flames, just curious about the wording of your post.

 

[Mickmse2002]

You gotta love capitalism! Renters will always work to pay as little as possible. They would be foolish not to. We ALL clamor for a good deal, look how many different threads exist talking about low-cost dining plans, free transportaion from the airport, cheaper AP's for DVC, etc. Why should it surprise, or offend, anyone that people renting points can get a better deal (in the short term anyway) than those of us who bought them?

 

[robinb]

I highlighted the word better. Why are you a "better" DVC member?

I am not a fly-by-nighter on the R/T board.

I am an experienced renter. I am an established DISer. I offer a written rental agreement. I offer spead out payments for rentals more than 3 months in the future. My renters can email me or call me. I accept checks. I accept paypal. I will put renters on a waitlist. I help my renters obtain Magical Express. I offer advise on WDW and DVC.

 

[JodyTG]

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

And THIS is what really bothers me. For people to rent DVC points at this time stops actual OWNERS of DVC from booking at the 7 month mark. This is not what DVC is for...it's not for renters to get a fantastic deal...it's for DVC members to book their vacations.

 

[dumbo71]

And THIS is what really bothers me. For people to rent DVC points at this time stops actual OWNERS of DVC from booking at the 7 month mark. This is not what DVC is for...it's not for renters to get a fantastic deal...it's for DVC members to book their vacations.

Ahhhhhh, draw the dinstinction. I'm totally against renters getting perks of DVC ownership, having access to MS or other programs like the DDP. But don't blame renters, blame the DVC owners renting to them at discounted prices. There would be no renting if it weren't for the DVC owners offering points for rent.

Also OWNERS of DVC ARE the ones booking for the renters so an OWNER is booking at the 7 month mark. Doesn't matter if it for themselves or someboby else. Now if they are morphing points to cheat the system then that is entirely different.

Renters are not to be faulted for getting a deal.

 

[allflgirl]

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.

I don't rent points myself because I bought my contract to use for my own personal use. Also, I feel it costs me more than $10 per point to use my points for personal vacations, as I bought just last year. People who buy contracts just to rent them out (those that you're referring to on E-Bay), now that's another story. Yes, I think DVC is cracking down on them, not because they're making a profit, mainly because they're tying up huge amounts of inventory during the peak times of the year and using their membership as sort of business, rather than for personal use. However, anything over what it costs you to own is profit to the owner. Some people who bought years ago, say at $50 - $60 per point are actually making some profit off renting points they're not using at $10. Contract says nothing against that. That's what I was referring to in my reply to your posting.

 

[dumbo71]

I am not a fly-by-nighter on the R/T board.

I am an experienced renter. I am an established DISer. I offer a written rental agreement. I offer spead out payments for rentals more than 3 months in the future. My renters can email me or call me. I accept checks. I accept paypal. I will put renters on a waitlist. I help my renters obtain Magical Express. I offer advise on WDW and DVC.

Thanks and your logic makes perfect sense. I thought this is what you meant but wanted to be sure.

Happy renting.

 

[keishashadow]

And THIS is what really bothers me. For people to rent DVC points at this time stops actual OWNERS of DVC from booking at the 7 month mark. This is not what DVC is for...it's not for renters to get a fantastic deal...it's for DVC members to book their vacations.

I'm with you However, it does seem to be happening...on eBay the prof. renters have advertised that secret for years.

Haven't been in the situation where I've ever had extra points to sell (usually on the receiving end), so I can't say what I'd do based on my track record.

Do know I'd rather transfer them to member & not have to worry about all the services robinb provides. Think it's worth a bit less to sell them & be done with them.

I've managed rental units, don't care to deal with tenants on even a limited basis with DVC.

 

[dswarren]

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

I recently read through all of my paperwork that I received when purchasing some SSR points and thought I had come across something regarding renting. On the purchase agreement, page 2, Item 5, paragraph 2, it states the following:

“As an appurtenance to each ownership Interest, membership in the Club is conveyed by virtue of the execution and delivery of a deed. Upon recording of the deed, the Owner is automatically entitled to enjoy the services and benefits associated with membership in the Club. Club membership, as it is comprised from time to time, may not be partitioned, hypothecated, bought, sold, exchanged, rented or otherwise transferred separately from each Ownership interest. Provided that the Owner complies with all restrictions on the transfer of an Ownership Interest, any transferee of the Owner’s Ownership Interewst will automatically become a member of the Club, and the transferor will cease to be a member of the Club unless the transferor owns another Ownership Interest."

Since there are so many people renting credits, my guess is that this means something entirely different. Is there anyone out there that might be able to intrepret this? (It's too complicated for my wee little brain! )

 

[pirateparrot]

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

I think you are confusing this with provisions that say you cannot make a commercial enterprise out of it. In other words, I don't think we can make it a business but we can rent periodically for whatever we want to.

 

[Dean]

And THIS is what really bothers me. For people to rent DVC points at this time stops actual OWNERS of DVC from booking at the 7 month mark. This is not what DVC is for...it's not for renters to get a fantastic deal...it's for DVC members to book their vacations.

My view is that when one rents they ARE using their points. So a member who reserves their home resort in their 7-11 month window for renting or personal use is actually more deserving than an owner at another resort wanting to trade in at the 7 month window, IMO.

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

Actually what it says (to paraphrase) is that one should not buy expecting to make a profit. It's actually wording that's required by the state of FL to be included and comes from the age old practice with timeshares of telling people they can buy and sell later or rent for huge profit due to demand and appreciation. Since most timeshares are only worth pennies on the dollar for either rental or resale, it is considered a dishonest and abusing practice. It just happens to be that in the case of DVC, over the years one could have sold or rented for a profit. That is likely to be less true or not at all going forward at the retail prices have escalated and the rental prices haven't increased as the fees have. I know that some have deluded themselves into thinking that this was a mandate not to make a profit if you rented and that would be totally wrong.

 

[rkwells]

Check out this thread from the DVC operations board

http://www.disboards.com/showthread.php?t=1297022