Poll:Renting Points have your say!

[StephenKay]

Hi there,

Having read 3 posts in a matter of months and also had a few emails to myself when I was renting some points a couple of years ago, wanting the points at $7 per point, I feel it is time for views to be aired in the manner of a poll.

Please post messages as well. I am trying to guage an accurate figure that we, as DVC members, should rent out our points at a price that would be beneficial to all.

Consider different prices for renting to DVC members and to non-members.

If the oil companies can set the price of the barrel, then surely we can set the price of the point!!

 

[KNWVIKING]

I don't really have an opinion on the price as I doubt I'll ever be a renter. The only aspect of renting that bothers me is that weekends are rarely included. I don't care if members purchased points with the intention of making a profit,that's none of my business. However,it becomes my business if I can't get the ressie I want because only weekends are availible.

 

[CarolMN]

Neat idea for a poll. I will be interested to see the results. However, I am not voting for two reasons:

1). I have not ever rented my points and do not intend to do so in the future.

2). I believe that the price is negotiable and the price should be whatever the two parties agree on (without regard to what others may feel is fair).

JMHO. Obviously, some will disagree.

 

[CaptainMidnight]

However,it becomes my business if I can't get the ressie I want because only weekends are availible.

Agreed. That's a potential problem as renting practice grows too large.

 

[ncligs]

Have never rented(to much fun using them

)but if I had to rent for some unforseen reason, I voted $10-$11 range.

 

[Tagrel]

I've never had to rent, but can see it as a possibility sometime in the future.

I also understand that it is human nature to try to get the best deal possible. So, I won't take a low bid personally, I'll just laugh and say, 'No, Thanks!'

Of course, I'll try not to wait until the points are about to expire either... $7 or $8 a point for points that will be worth $0 in a month isn't such a bad deal, considering!

As to point cost, its pretty much supply and demand. Right now $10 seems fair. As time goes on and costs increase, so should the cost per point rented.

Just another opinion

 

[d-r]

I continue to maintain that the competition in pricing for renting dvc points is not other dvc members, it is CRO and the other off property hotels. There continues to be a lot of discounts at wdw and throughout Orlando - travel to central florida has been slower than in years past. There is some risk and inconvenience involved in renting points vs. just renting a hotel room; I believe that there has to be an incentive over the price of renting a room to make someone want to rent points. As long as most anyone can get a code for a room at wilderness lodge for $109 or $119 a night it is hard for me to think that they will pay as much for dvc points. I think $10 per point is about right - ymmv.

Dr

 

[littlestar]

I'm not going to vote because I find it really, really odd that anybody would want to rent their DVC points on a regular basis.

I can understand the occasional need to rent because of having to cancel a trip or maybe because of a job loss or something and trying to tide over until they are employed again. But I can't really imagine anyone trying to make steady rental income out of DVC. I think that is silly. Everytime I see a post where someone is talking about wanting to set the rental price higher, I figure they must have their own agenda going.

I really don't care what price two people agree on when they rent points. It's between them and them only. It's their points, not mine. But, I would never think of DVC as rental income. If I wanted rental income, I'd buy a house or apartment building and rent it.

Also, the general public (meaning people who don't frequent these boards) wouldn't go for renting points. If they can get a discount code at the Wilderness Lodge for $119 a night (Disney advertises their codes in our Sunday paper all the time)with a five day cancellation guarantee, why in the world would they rent from a perfect stranger and have no recourse if they had to cancel their trip? If I wasn't already a DVC member, no way would I rent under those conditions when I can get a code with Disney CRO with it's safety and cancellation policies. There's a big element of trust when it comes to renting points!

 

[VickiVM]

YIKES...HERE I GO...

I tend to agree with littlestar, but (and here's where you all can tell me to butt out), I'm not a DVC owner, but I did rent points from one this past fall. I was fortunate to have gotten my points for $8 per because the owner I contracted with had banked points that he would have lost after Nov. For that I am grateful that renting points is even an option.

But where I feel at odds with DVC'ers is that somehow I feel that those of us who rent the points are beholden to whatever terms you want to set. That's OK and we make that choice freely, but there's little protection for us once we send our money. There's no regulation because the point system is not intended to be a profit-making mechanism for the owner. It is simply a way to recoup some of the expense in case the owner is not able to use his/her points. DVC'ers enter into contract with Disney and buy the number of points they anticipate they will need/use. If DVC'ers overbought points or overextended themselves financially or has no use for their points in a given year, then those of us who have interest in renting those points should not bear the responsibility of covering that loss.

Having said that, after experiencing BCV I constantly recommend renting points on the resort board for those interested. Most express how ambivilent they are about taking the risk of sending their money to a stranger and not Disney. I also know that $8/point is a bargain and I anticipate if we go that route again that we would likely have to pay $10/point - and we probably will.

Please understand where I'm coming from and know that I secretly wish I were you - a DVC owner. I can understand where you are coming from - if something prevented me from using my points I know I would try to get every penny I could. However, since there is no formal regulation, current market value would have to prevail.

StephenKay, you asked for opinions and I wanted to offer one from someone who is on the "other side".

 

[ncligs]

VickiVM,
Your post has a lot of truth to it.
Looking forward to San Antonio again this June 27-July 4th.

"Go Spurs"!!

 

[CaptainMidnight]

Thank you for sharing your well thought out perspecives littlestar and VickiVM.

 

[Carlnne]

I am a little tired of some discriminating comments between "DVC members" and "renters or cash customers". Arent we all DISNEY fans one way or another. Lets end this already!

 

[jctwizzer]

In my opinion there is no answer to your question because there is no "right price" that covers all circumstances. Variables include
the time of year, the seller's situation, the buyer's desire for DVC accomodations, the resort itself, and others. If I think $5 per point is right for me, and I'm happy with it, then its my "right price."
By the same token, it could be $10 per point for you, and it would still be a "right price." Obviously I thought your choices were too limited....my "right price" would also change depending on whether I was a buyer or a seller......

 

[alisbarc]

i tihink its $9 - $10 per pp but that category isnt on the poll.

 

[VickiVM]

I am a little tired of some discriminating comments between "DVC members" and "renters or cash customers".

I'm not sure I understand what you mean by "discriminating"?

 

[WDWguruDH]

Market will actually drive this and it seems to be about $10 a point now. I voted $12-13 because that is a fair price and what I would pay not being a member - still a deep discount over Disney. I also picked the $2 discount to a fellow member, because I their rental would most likely be a few points just to finish out a reservation, not a whole reservation that would really allow them to benefit from the discounted price.

 

[VickiVM]

OK, I know what Carlnne meant by "discriminating". I just read the other post titled "Bargains". I wouldn't have posted here if I had known this horse was dead already.

I hope all those people I recommended renting points don't get the wrong impression that their offers are not welcomed based on some of the comments on the other post.

 

[vernon]

I think a price that is realistic and offers both parties about an equal "split" on savings is a little higher than the $10 that seems to be the benchmark at the moment, so I voted for the 12-13 option. But seeing as there is always likely to be some "use em or lose" situations I think that will keep the price a little lower than is probably a "fair price". Given that most people renting are not looking for a profit, just a fair return on points they are not able to use, coupled with the very slight risk (to the person paying for the points) of renting the points, the price that is trading is going to be a little lower than you would calculate a "fair value".

 

[mrsdon]

What I dont understand is someone said that by renting points that makes his days unavailable...
WHAT???
Points are points, if I use them for a stay or I rent them for a non-member for a stay..
If I were to stay in the room and not the renter what difference does it make???
The resort is still full.
We have rented 3 years in a row to the same person and he has always paid our asking price.
He found us here on these boards, Im not sure of his screen name and since he deals with DH he soesnt know mine,,,BUT We have had good relations with him.
We make the ressies, he sends us a check.
When he gets home he emails us a thank-you note.

 

[CaptainMidnight]

WHAT???
Points are points, if I use them for a stay or I rent them for a non-member for a stay.. If I were to stay in the room and not the renter what difference does it make???

Well... the logic is that the number of points for weekends vs weekdays is based on member demand. The usage patterns of long term invested members will be different that visit by vist renters when it comes to the use of weekend versus weekday stay which is not what current point values are based on. If the renting population remains small, the impact will be negligible. If it grows, it could have a negative impact on members who have purchsed certain point levels based on their future vacation planning. Alterations in these point amounts, may mean that the point levels members have invested in may not accomodate thier future vacation plans, and with resorts sold out, the option to buy additional points is not available.

We personally planned out the number of points we would need for vacations using the 11 month window at peak holiday times due to school vacations. If this changes, it could mean that our long term investment won't cover our vacation plans.

You asked "WHAT??" so I thought I'd provide an explanation. My position is a small amount of renting is a good thing, but too many people using this as an individual business option is not in the best interest of the long term vacation investments for familes as DVC is intended. Just my opinion.