Newest Ms Change!

[greenban]

You guys are gonna love this change!

Effective this morning (I have verified with 2 MS-Advisors)

All transfers are once agin limited to a once-per Use Year timing.

Still, either in or out, but now only 1 Transfer per year!

No other changes were shared with me.

This should be very interesting.

Cheers!

-Tony your MS news reporter

P.S. To be Fair, another Owner who was trying to transfer points to me, called and alerted me of this 'fact', which I called and confirmed.

 

[JimMIA]

Now THAT makes me think they are trying to cut down on the commercial renting.

ETA: So, I understand that to mean that if I wanted to rent 200 points for transfer - 100 transferred from you, and the other 100 transferred from someone else, that would not be allowed. Is that right?

 

[greenban]

Now THAT makes me think they are trying to cut down on the commercial renting.

ETA: So, I understand that to mean that if I wanted to rent 200 points for transfer - 100 transferred from you, and the other 100 transferred from someone else, that would not be allowed. Is that right?

Correct!

No more, "I need 5 points transferred into my account to complete this ressie" posts.

No more transferring small amounts of unusable points so they don't go to waste.

Jim, I agree this is designed to impact commercial renting. You can't even split a single transfer between sub-contracts!

I think you will see a lot of Members who don't watch the banking deadlines hurt, as few will waste their one transfer for 22 points. I think renting over all will decline, with Owners, not having enough points to complete a rental ressie, not able to get them.

I think the 'Power' renters will start charging more, and we will see a two-tired rental field.

1) Power renters with lots of rentals, points and referrences going up in price.

2) Owners, who don't watch or miss, banking deadlines, offerring more fire sales of $8.00 points, since they can't find someone to accept an 18 point transfer (or at least it will be much harder), and they don't have the reputation of a frequent renter.

I think DVC Owners will become much more cognicent of the Banking Deadlines!

Very interesting times ahead of us!

-Tony

I expect it will not be too long before Home Resort Location is tracked on all transfers. Simply because there will now be so few of them (transfers) left!

PS, I also found out what the next DVC is going to be! But my source will not allow me to tell.

OKAY, OKAY, the very last claim is not true, but the rest of my post is factual, I need to have some fun!!!

 

[LIFERBABE]

Ooohhh! This is gonna be Good!!!

Thanks Tony! You should work for the Enquirer!

There goes the buy a small contract and have points transferred into your account theory.

If you want to be a big time renter, you are going to have to have big time points and that means buy them.

Also, if you have a micro-contract, you will have to find a lump sum transfer big enough to meet your needs for the entire UY. No more piece-mealing to meet that goal.

I know transfers are completed manually so they are labor intensive. Again, I think they are preparing for a downsizing of MS and an increase in Online Reservations. NOT that our dues will go down, just downsizing of personnel.

The bad news is, for those that only need a few points to complete a ressie. Who is gonna use their 1 a year transfer to help someone out with 4 points?

 

[Mike]

I find it very alarming that MS can make a change of this magnitude with no advance warning. I just completed a 18 person trip that required me to make several transfers to get the required number of points into my account as the number of nights for each family kept changing. What if I was in the middle of this process when they made this change? That would not have benn a good situation.

I disagree with this change as it punishes all owners just to prevent abuse. I would rather they set a maximum number of points that can be transferred into an account per UY. I think that would prevent the abuse yet not punish all members.

But most of all, I am shocked that MS would make this significant of a change with no advance warning.

 

[allflgirl]

Thanks for sharing this information. Does this affect banking your points or just transferring them to someone else's account? I need to bank some points before August 31st and was planning on banking more later this year when I have made all my reservations for '07.

 

[greenban]

I find it very alarming that MS can make a change of this magnitude with no advance warning. I just completed a 18 person trip that required me to make several transfers to get the required number of points into my account as the number of nights for each family kept changing. What if I was in the middle of this process when they made this change? That would not have benn a good situation.

I disagree with this change as it punishes all owners just to prevent abuse. I would rather they set a maximum number of points that can be transferred into an account per UY. I think that would prevent the abuse yet not punish all members.

But most of all, I am shocked that MS would make this significant of a change with no advance warning.

Mike:

I strongly agree with all that you have posted. You are right on. This may indeed be overkill, and also speaks volumes to, "who REALLY has the power!"

-Tony

 

[RobDoc]

I find it very alarming that MS can make a change of this magnitude with no advance warning. I just completed a 18 person trip that required me to make several transfers to get the required number of points into my account as the number of nights for each family kept changing. What if I was in the middle of this process when they made this change? That would not have benn a good situation.

I disagree with this change as it punishes all owners just to prevent abuse. I would rather they set a maximum number of points that can be transferred into an account per UY. I think that would prevent the abuse yet not punish all members.

But most of all, I am shocked that MS would make this significant of a change with no advance warning.

Actually, this is exactly how Transferring is defined in our documents. While MS has allowed members more than one transfer, the documents do not state that more than one transfer is allowed per Use Year.

With the recent "changes" described , it appears that all they are doing is actually following the policies already in place and spelled out in our legal documents.

What's next - following the occupancy limits?

 

[JimMIA]

I agree it sounds like a sledgehammer on a mosquito, and I certainly agree with Mike that they should have given adequate warning. I'd hate to see some member in the middle of planning a big reunion get choked off half-way through the process!

OTOH, I think the idea behind it is okay. What they are really trying to do is stop underwriting commercial rental operations with our dues. I can't argue against that underlying objective. I have no objection to renting, but I want my dues going to legitimate DVC expenses, not Joe Renter, Inc.

 

[Johnnie Fedora]

So, if you have two memberships, that means 1 in/out transfer for each/year??

What about transfering between your own contracts, do you think that will be allowed in addition to 1 in/out for each membership?

 

[JimMIA]

What's next - following the occupancy limits?

Not likely. Given the size of the laundry rooms at OKW, I don't think 17 in a one-bedroom is a big issue for them.

 

[dianeschlicht]

I agree it sounds like a sledgehammer on a mosquito, and I certainly agree with Mike that they should have given adequate warning. I'd hate to see some member in the middle of planning a big reunion get choked off half-way through the process!

OTOH, I think the idea behind it is okay. What they are really trying to do is stop underwriting commercial rental operations with our dues. I can't argue against that underlying objective. I have no objection to renting, but I want my dues going to legitimate DVC expenses, not Joe Renter, Inc.

Very well put, and I couldn't agree more! Doc is right too, this IS the way it is stated in my documents.

 

[Johnnie Fedora]

Correct!
I think you will see a lot of Members who don't watch the banking deadlines hurt, as few will waste their one transfer for 22 points. [/COLOR][/B]

Who makes the profit from the unused points? I assume the will be rented out, somehow through DVC or CRO?? If DVC can use the profit to offset dues, that's OK with me. Disney uses them to rent units through CRO and keeps the profit, that doesn's seem right. Anyone know?

 

[JimMIA]

2) Owners, who don't watch or miss, banking deadlines, offerring more fire sales of $8.00 points, since they can't find someone to accept an 18 point transfer (or at least it will be much harder), and they don't have the reputation of a frequent renter.

I have a feeling some of these will become snowballing problems. They'll not only get themselves in that bind, but then they'll get a renter who needs 37 more points than they have distressed. They can't transfer in, so they'll borrow their own points to complete the ressie. Then, the renter cancels.

I hope folks really go to school before they get themselves in messes like this.

 

[dianeschlicht]

Who makes the profit from the unused points? I assume the will be rented out, somehow through DVC or CRO?? If DVC can use the profit to offset dues, that's OK with me. Disney uses them to rent units through CRO and keeps the profit, that doesn's seem right. Anyone know?

I'm pretty sure they would go to DVC to use as they saw fit. Now, that COULD mean they would end up at CRO 60 days out, but only if they were unused by DVC. As for the profit...I have no idea who gets how much of that. I would assume BOTH would get some portion of it.

 

[JimMIA]

Who makes the profit from the unused points? I assume the will be rented out, somehow through DVC or CRO?? If DVC can use the profit to offset dues, that's OK with me. Disney uses them to rent units through CRO and keeps the profit, that doesn's seem right. Anyone know?

I don't think there is any revenue from unused points.

Unused room availability from the DVC points inventory becomes available to CRO at 60 days out, I believe. They can rent those rooms, and I assume they keep the revenue from those rentals. I don't know if there is any direct offset for rentals which were originally in the DVC points inventory..

 

[KANSAS]

IMHO
The rental market is tremendously effected in negative way

Transfers are limited to once a year. I also believe they are very complicated. It will be hard to find that one person, who will use his one DVC transfer with you
and your one DVC transfer with him.
Will people want you to get take all of their annual alotment or nothing?


I also fell it Hurts/negatively/The third party reservation for two reasons

#1. More supply, than before of third party DVC reservations
than previous supply, before this change

#2. NON DVC MEMBERS, can no longer verify, after you give them written confirmation, that Rental still exists, creating some level of anxiety/distrust
that did not exist when DVC members, could call DVC MS in the past and verify those reservations at their discretion.

 

[RobDoc]

Who makes the profit from the unused points? I assume the will be rented out, somehow through DVC or CRO?? If DVC can use the profit to offset dues, that's OK with me. Disney uses them to rent units through CRO and keeps the profit, that doesn's seem right. Anyone know?

DVC rooms that are still unreserved at 60 days are made available to CRO for rental. The proceeds from these rentals does go to offset our maintenance fees and will appear in the annual budget as "Breakage Income".

 

[greenban]

Just wanted to point out that I had 2 'good' posts in as many weeks. Who says you can't teach an old frog new croaks!



-Tony

 

[CarolA]

Oh this is going to be fun

And no advance notice is not required as you already HAVE the notice in your member documents. I think this is an example of "we made a few allowances" and the thing got out of control.

One of the good and bad things about the internet is that information spreads. So MS makes an exception to the rules, people post and pretty soon everyone expects the "exceptions" to be the rules. At that point DVC has TWO options, enforce the rules as written or change them. (And I would think that changing them is a complicated legal process in Disney LOL!) I have noticed that folks over on the Theme Park boards have noticed Disney sticking to the rules this year on "exchanging" and "returning" MNSSHP tickets. In the past, CMs would make an exception for your sob story but I think that got out of control and that "allowance" has been taken from them.

(Settles in to watch the fireworks... )

I am probably MORE likely to do the one time transfer of just a few points. I can see me doing that if I had some "left over" that I forgot to bank.