Point Rental Solution

[RobDoc]

I used 1989 because that is as far back as I could go, and pull up MY records. I wish i could have gone back 50 years.
...
well to look at 5 years when having a discussion about 50 years is foolish
...
ya got me there, if we plucked 5 years out of a 50 year discussion, you would be right. But since we were talking LONG TERM, we shouldn't do that. But if you want to allow 5 year blocks of time, care to look at 1995-2000?
...the rate of return stays the same. variable indexed annuity products are your friend

You are the only one who wants to use 50 years to illustrate your point when you have only owned about 5 years since 2000- you can't have it both ways when offering that comparison to make a point.

If you had purchased in 1995- that would be a reasonable usage of your example (but you already stated you bought in 2000). In addition, you would still need to use the years 2000-2006 unless you sold your DVC in 2000 (but, again, you didn't even buy until 2000 by your own admission and thus are stuck using the actual dates for your comparison).

The rate of return does NOT stay the same when you have to remove money from the principle to pay for vacations plus the taxes on those amounts. You've gotta pay the taxes sometime on that invested cash and you've gotta dip into that money for each vacation.

You still didn't address my earlier comments about having to dip into your principle in order to pay for vacations. Those vacations did cost something and the money had to come from someplace. If you used other funds instead of your invested money, your argument loses more and more when compared to DVC ownership. This really works out better when you actually compare apples with apples. Instead of making up phony scenarios to support a flawed theory.

We're all waiting ...

 

[T.E. Yeary]

rinkwide---

 

[WDWDad]

You know I actually read most of this thread and the only thing I 've concluded is that I want the last 20 minutes of my life back. I applaud all of the posters who have gone to such trouble to simplfy for me what my "actual" costs were. I read enough to understood about half. And there is the problem.

People are going out into a market and trying to rent their points to a growing base of people. The people trying to rent out their points are frustrated with others who refuse to ask for more for their points. And they are justified given their circumstances. When you truly examine the #'s we should all be asking for more than what we are.

But, while I may recognize your theory and agree with your #'s they just don't apply to me. I bought into DVC fairly early on the resale market. I paid substantially less than most of you for my points. I funded it with a little money from here and a little money from there. I didn't really miss the money I spent so it wasn't particularly painful for me. It was paid for inside of two years. I have had 15 wonderful vacations since I bought. I would have used the money for some other casual depreciating asset if I hadn't bought DVC. So where does that leave me? I can honestly sit here in front of you today and say that I feel that my DVC doesn't owe me a thing. So without a speadsheet in front of me with 15 pages of notes and figures that take into account every dollar I have spent and every vacation I have taken how do I know what my points have cost me? I can't. I can only tell you how I feel about them. Time has given me that luxury, it's hindsight but trust me in 10 -15 years you will probably feel the same. Once the payment is gone, you'll look back five years later and somehow it just doesn't feel the same. Today the dues is taken from my account automatically. I don't have to do a thing and somehow that makes it seem like less than I know it is. I only realize how much it is at the end of the year when the new statement comes telling me what to plan on for next year. Then DVC does the adjustment to my account and I don't have to do anything again.

So if I choose to rent my points to a friend or relative, or fellow member (the only rentals that I think should be allowed) and I decide to charge $9.50 per point for them who is to say that I am being stupid with my points. I value peace in my life more than just about all else. So why would I deal with my phone ringing with potential renters and my email clogged with requests for various dates for $2 less than what I've requested when to me everything above my dues is bonus. The extra $300 -$400 would not be worth the hassle of getting it done. We would never rent more than this as we always use all our points and would only be renting in an extreme circumstance. As is probably the case with 90% of all rentals.

 

[Dean]

Most real estate agents take 6%. 10% would be extremely high. Also, you could very easily list your DVC points for resale on eBay and not have to pay a real estate commission at all.

So, no, it doesn't.

10% with a minimum is the usual for timeshare sales. Some go as high as 12%. Minimums are generally in the $1000 to $1500 range but I've seen them for as low as $795. I've seen a couple without a minimum as well. 6% on a $200K house would be a lot more than 10% on a $20K timeshare.

 

[JimMIA]

You know I actually read most of this thread and the only thing I 've concluded is that I want the last 20 minutes of my life back.

HA! I feel your pain, and I have a suggestion. Some of these threads read much better after a judicious application of the "Ignore List" feature of the DISboards.

 

[greenban]

HA! I feel your pain, and I have a suggestion. Some of these threads read much better after a judicious application of the "Ignore List" feature of the DISboards.

See, it must be the FF/PM in me. It is like a train wreck with mass casualties, I just can't look away!

-Tony


My gosh, that's a femur over there!

 

[boatboatboat]

Sorry, I'll stick with what has recently happened

cool

care to look at the last 24 mths?

 

[bdb7607]

People are going out into a market and trying to rent their points to a growing base of people. The people trying to rent out their points are frustrated with others who refuse to ask for more for their points. And they are justified given their circumstances. When you truly examine the #'s we should all be asking for more than what we are.

See, it take someone from West Michigan to nail it on the head that we're all arguing about the same point.....Raise the rental rates!

 

[boatboatboat]

why buck the system here.....

ebay 17 bucks a pop, it's the ONLY WAY TO FLY...........

To heck with trying to rent them for 12-13 dollars and break even.

If people are angry here with that, just take the points to ebay, and rent em for 17 and actualy make some cash. Gotta love that.........

Course if ya need some transfered to ya, this is the place......

10 bucks, can't beat it........

 

[bdb7607]

Here I thought you were kidding on the $17 from ebay - nope, multiple listings, high end was $20 per point!

Why oh why would we rent our points out for $10

 

[StephenKay]

Hi there,

How about a $12 a point rental to a member and $15 to a non member?

 

[boatboatboat]

Here I thought you were kidding on the $17 from ebay - nope, multiple listings, high end was $20 per point!

Why oh why would we rent our points out for $10

No I wasn't kidding at all. In doing some looking ,the typical price I saw on Ebay was around 17 bucks. Watch the listings at 17 a pt., they sell in a short period of time. Heck at 17 a pt the buyer STILL SAVES on their vacation, it really is a good deal for the renter.

Since 1995 WDW has increased room rates by what %? 20? 30? 50?, yet we are renting our pts for the same 10 dollars?

 

[Happy Birthday Cat]

HA! I feel your pain, and I have a suggestion. Some of these threads read much better after a judicious application of the "Ignore List" feature of the DISboards.

But they lose so much of their entertainment value.

HBC