Isn't it setting a precedent for rentals?

[CharlesTD]

I would never rent at 9.00 9.50 or even 10 not even worth the time to make the calls for checking on a reservation IMHO and we only rent for a min of 12.00 a point usually higher.

 

[skelooch]

I to do not understand why people rent their points so cheap. I would think that the price should be relatively close to what Disney charges when they rent out their inventory to the public. I just returned from from a 6 night stay at BCV in a 2BR, 275points @ $10/point would be $2750. I'm not sure what the Disney rack rate would have been for the same period,( I assume somewhere around $4500 to $5500). I just got a rate for 6 nights for a 2BR unit at BCV for Nov 2005 from the Disney Website ( it took a while to find availability at BCV )for $4850 (which would represent 221 points), that works out to $21.95/pt.

Why should a member want to rent that same unit for $2210, are we nuts?
Points should be rented based on where the renter wants to stay, what season, and what the Disney rate would be for the same accomadations. Certainly it makes sense to charge less than Disney to make it more desireable to rent from member, but a 50%+ discount is a bit much. Disney doesn't give members a 50% discount.

I absolutely think renting points cheaply does a disservice to all members and cheapens our investment.

Just my 2 cents

 

[DrTomorrow]

I to do not understand why people rent their points so cheap. [...] I absolutely think renting points cheaply does a disservice to all members and cheapens our investment.

As for your first comment: many (most, IMHO) renters are simply liquidating a temporary surplus of points, and are more worried about getting nothing for them than squeezing out every last dime. As to your second point, that is an incorrect statement. Possibly, it reduces the income stream a DVC owner can derive from renting, but I assure you, what the current rental price is has absolutely ZERO effect on my DVC investment; my 300 points buys the same number of nights at a DVC resort whether you rent for $1, $10 or $100 point. And I respectfully request you not attempt to speak for ALL members - renting cheaply doesn't do a disservice to me, and I don't remember you asking me....

Finally, one thing that seems to be forgotten in this discussion is that someone who rents points from a DVC owner is incurring some very serious risks. They do NOT get control of the reservation and they can make NO changes to it - the DVC owner could simply cancel the reservation at any time and the renter would show up and be told "Sorry", with no immediate recourse. This is significantly different than if they book through Disney; the assumption of that risk reduces the value of a point in the eyes of a renter.

Be well!

IMHO - YMMV

 

[sjdisneywedding]

I completely agree. Not that I ever intend to rent, but if the occasion arises I would most certainly take less than $10 for a painless point transfer with paypal involved to another DVC member, honestly I'd go as low as $7 or $8 under those conditions.

not me, you can easily have a painless transfer and still get what the points are worth which is more than 10

to ask for anything under that is throwing money out the window. unless of course we are talking about points expiring

im not advising anyone to to set a specific price but I will say if you are going to rent or transfer your points then put them out there at a price you think is fair.

I have seen alot of points going for 11 and 12 recently and have rented a few myself at 11. I would think that when alot of the renters see they can get 11 without much trouble they certainly will as well

 

[barb45]

skelooch - well said!!

 

[DrTomorrow]

[...] im not advising anyone to to set a specific price but I will say if you are going to rent or transfer your points then put them out there at a price you think is fair. [...]

With respect, people are already renting their points at exactly the price they think is fair. It certainly sounds like you want people to rent out their points at a price you think is fair....

 

[skelooch]

DrTomorrow;
I understand that members may need to liquidate unused points, but why at less than half of what they are worth.
Personally I have never rented points and I hope that I never have to, but how could you possibally say that the rental price has has zero impact on the value of your investment, I'd sure feel a whole lot better knowing I could get $20 a point than $10.
Obviously points at some resorts are more valuable than at others, and the season should also be considered, isn't that why Disney has season rates. Try to get a cash reservation from CRO at BCV for next week, but you can easily get one at OKW or SS.
It seems silly that you can stay in a studio at a DVC resort for about the same as a room at a value resort.
As to your point about the rentee having serious risks, I've read about a lot more horror stories the other way around, the risks are just as great for the renter.

Obviously you have surrendered to destiny

 

[sjdisneywedding]

With respect, people are already renting their points at exactly the price they think is fair. It certainly sounds like you want people to rent out their points at a price you think is fair....

ok then if everyone thinks the price is fair then why does everyone post the question on the boards "why do points rent for so little?"

I am referring to the people who are considering renting/tranferring their points and think 10 is too cheap

 

[sjdisneywedding]

With respect, people are already renting their points at exactly the price they think is fair. It certainly sounds like you want people to rent out their points at a price you think is fair....

furthermore where in the world would you get the idea I want them rented at a price "I think is fair"

its the same ole generic comeback when someone doesnt have anything better to say

by the way as I said earlier there are plenty of rents/transfers going on right now that are getting 11-12 per point, but thats probably just because I emailed them and told them thats the price I thought was fair, feels great to have so much influence

 

[sjdisneywedding]

As for your first comment: many (most, IMHO) renters are simply liquidating a temporary surplus of points, and are more worried about getting nothing for them than squeezing out every last dime. As to your second point, that is an incorrect statement. Possibly, it reduces the income stream a DVC owner can derive from renting, but I assure you, what the current rental price is has absolutely ZERO effect on my DVC investment; my 300 points buys the same number of nights at a DVC resort whether you rent for $1, $10 or $100 point. And I respectfully request you not attempt to speak for ALL members - renting cheaply doesn't do a disservice to me, and I don't remember you asking me....

Finally, one thing that seems to be forgotten in this discussion is that someone who rents points from a DVC owner is incurring some very serious risks. They do NOT get control of the reservation and they can make NO changes to it - the DVC owner could simply cancel the reservation at any time and the renter would show up and be told "Sorry", with no immediate recourse. This is significantly different than if they book through Disney; the assumption of that risk reduces the value of a point in the eyes of a renter.

Be well!

IMHO - YMMV

so by saying renting points cheaply does no disservice to you then that must also apply to dvc members as a whole, so no dvc member is disserviced at all. I dont think skelooch meant it is a disservice to every single dvc member

 

[cruise-o-matic]

If I had to rent points via the RTB, I wwould have to get $11-12, depending on the demands of the renter (whether I had to call day by day, wiatlist,etc.)

In the past couple of days I spoke to a vendor I have bought at least $5K in merchandise. He is a Disney fanantic and I was surprised that he isn't a DVC owner. He prefers to rent instead. For him, I would probably rent in the $8-9 range, especially since he gave me 10-20% off his merchandise and most importantly, I've done business with him before.

Id prefer not to "rent" to family. But when my sister's family travels with us next year, we'll probably charge them $60/night for 1/2 a 2BR. (Value prices with a kitchen and W/D.) That will help us cover the costs of our maintenance fees.

 

[DrTomorrow]

[...] but how could you possibally say that the rental price has has zero impact on the value of your investment, I'd sure feel a whole lot better knowing I could get $20 a point than $10.[...]

Easy. I bought into DVC solely as a prepaid (plus annual MF) vacation destination; not as an appreciable asset, not as a revenue-generating investment. So as long as my DVC points continue to purchase the same level of vacation lodging that I was promised at purchase time, the value of my investment remains unchanged.

I did not buy into DVC to sell it, so I - and my investment - remain unaffected by the rise (and eventual fall) of resale prices. I did not buy into DVC to rent, so I - and my investment - remain unaffected by the stable (but eventually increasing) rental prices.

I suspect, however, that there are more fundamental differences at work here. When we take friends and family along in a DVC villa, I'd never charge them. And if I ever do have a few extra points that I can't use that might expire, I might actually (sit down for this one) GIVE THEM AWAY! Yep, if I had 17 points I just couldn't use, I might PM tjkraz, or Beca, or lenshanem, or Dean, or one of the Carols, or one of the Dianes, or LIFERBABE, or HBC or Sammie or any of the other wonderful folks here on the DIS who have been so helpful and say "want some free points?" Guess that may seem like a "poor use of my investment" to you....

Be well!

 

[DrTomorrow]

ok then if everyone thinks the price is fair then why does everyone post the question on the boards "why do points rent for so little?"[...]

A little heavy with the "everyone" usage, eh? In any case, I said that people are charging what they want to charge; in my mind, that's a fair price. If we disagree, I can live with that!

Be well!

 

[JimFitz]

Ugghh

 

[DrTomorrow]

so by saying renting points cheaply does no disservice to you then that must also apply to dvc members as a whole, so no dvc member is disserviced at all.

Wrong. I said that I was done no disservice, so the use of the word "all" was inappropriate. I in no way said that no DVC member is disserviced.

I dont think skelooch meant it is a disservice to every single dvc member

Let's take a look, shall we?

I absolutely think renting points cheaply does a disservice to all members and cheapens our investment.

"Absolutely think" - well no ambiguity there. "does a disservice to all members" - no ambiguity there. Sorry; as written, skelooch did indeed mean "all" - every single - DVC member.

Be well!

 

[JimFitz]

sjdisneywedding - Don't waste your fingers on this discussion anymore. I know exactly what you mean.

Some people have nothing better to do than bicker with people.

 

[DrTomorrow]

Hmmm. Let me clarify my position. I'm all in favor of those who rent points having the right to charge as much - or as little - as they want. I also support their right to suggest to others that they increase what they charge (within DIS board guidelines, of course )

However, when people start to malign others for charging what they want to charge and suggest that failure to charge more is hurting "everyone", then I believe that they've crossed over the line from opinion to coercion (and are on the road to harassment). And - Quixotic spirit that I am - I ride to tilt against those windmills.

Be well!

 

[jmminarik]

We all can't agree that OKW is the bestest resort in the World...how can you expect 90K+ owners to agree on a single price for renting?

-Joe

 

[DrTomorrow]

We all can't agree that OKW is the bestest resort in the World...how can you expect 90K+ owners to agree on a single price for renting?

-Joe

Thanks, Joe, for a well-needed dose of insanity!

 

[DrTomorrow]

[...]Some people have nothing better to do than bicker with people.

Glad I know you don't mean me - 'cause I've lots of better things to do; I've just got the time to do them all!