Rental Rates/Concerns

[jarestel]

Though I have never rented my points and have no immediate plans to do so, I won't complain about the members that understand the system and use it to their benefit. Whatever price they rent their points for is between them and the person to whom they are renting.

Additionally, if I want to make sure I get a reservation at a busy period, I make it at 11 months and it works every time. If I wait until 7 months or less, I understand the system well enough to realize I'm gambling on getting what I want. It's not the fault of the members who rent points, it's my fault for not planning adequately.

As with most things DVC, points of view seem to be based on whether one is getting a benefit from an issue or not. If someone never pool hops, then pool hopping is bad and should be done away with. If one doesn't have small children, then putting an extra child in a studio is evil and should never be allowed. And as we've seen here on this thread, if one doesn't rent points, then no other members should be allowed to rent points either. Or shouldn't be allowed to make more than a certain level of profit, or shouldn't be allowed to reserve certain time periods, etc... ( I won't even mention pool towels or refillable mugs )

 

[cruise-o-matic]

Originally posted by DrTomorrow
Well, folks, it looks like we've found that spokesman we've been looking for - someone who knows what every DVC owner - or at least most of them - thinks and feels on key topics! [sarcasm]

So if I book a 1 BR for my son (who doesn't have the same exact name as me) as a Honeymoon gift, then I can't use the 11 month window at my home resort? Hmmmm, needs work....

You know, to me, this smacks of those folks who say "Ooh, wouldn't it be great to live in the country, right next to a farm" and build a house next to a farm, then smell the smells that come with farms and try to have the farm closed down.

Folks, renting was in the documents we all reviewed and signed; we knew what was and wasn't allowed, yet still we bought. Should be no room for complaints about it.

Ouchie Dr. T......and my bruises from Summit Plummet have finally faded away.....

My point is that calling DVC just a timeshare is like calling the Magic Kingdom just another amusement park. There is a passion for DVC that unique.

How may times has a newbie posted they just bought in and received at least a dozen "Welcome Home" replies?

And if you read my quote correctly "Though NOT likely...... To take advantage of the 11 or 7 month windows, the reservations have to be in the OWNER'S NAME". Dean already stated it's not within the rules, so please keep your sarcasm to yourself.

And sure renting is within the rules and there's nothing wrong with that, but could you imagine what would happen if it got out of hand like the 2 examples Dean mentions?

And BTW, I'm curious, why did you buy into DVC?

 

[TheRustyScupper]

1) DVC sells "x" amount of points per resort.
2) Does it really matter who uses the points, or when?
3) It's the right of the owner to use his/her points.
4) Let's just get on with life.

PS - I've never rented points for my use or rented points to others.

 

[Dean]

Originally posted by cruise-o-matic
And if you read my quote correctly "Though NOT likely...... To take advantage of the 11 or 7 month windows, the reservations have to be in the OWNER'S NAME". Dean already stated it's not within the rules, so please keep your sarcasm to yourself.

And sure renting is within the rules and there's nothing wrong with that, but could you imagine what would happen if it got out of hand like the 2 examples Dean mentions?

And BTW, I'm curious, why did you buy into DVC?

I think I've been misquoted. At 11 months out an owner can only make home resort reservations but can make them in anyone's name for any reason. It is not required to be in the members name, PERIOD. There's no doubt that renting could have an impact of availability but I dont see it being as issue at present other than to one's ego when they see what they want and can't get. And I suspect there's not enough people interested in doing it or even enough potential renters to make it a real issue. But to repeat, it is the system for good or bad.

 

[manning]

Thanks CVW, your answer sounds logical and gives me something to think about.

 

[rinkwide]

Originally posted by cruise-o-matic
"Buy where you want to stay" ... "Buy where you can make the most $ by renting your points."

They were one and the same for me.

 

[ripleysmom]

Most of the objections that I see to renting are

A) when someone starts a thread rallying owners to start charging more so that they can increase their rental profits.

B) when people who are known "commercial" renters list multiple rentals of peak weeks for big bucks (say $14-$15 a point).

 

[brunoflipper]

the debate rages on, sans my profanity laced diatribe...

 

[KNWVIKING]

I don't care if this dead end thread lives on forever but how do I stop it from sending me an e-mail everytime someone posts to it ?!?!? I don't get e-mails to the dozens of other active threads I'm participating in.... why this one ???

 

[CaptainMidnight]

Originally posted by ripleysmom
Most of the objections that I see to renting are

A) when someone starts a thread rallying owners to start charging more so that they can increase their rental profits.

B) when people who are known "commercial" renters list multiple rentals of peak weeks for big bucks (say $14-$15 a point).

I would have to agree. Good summary.

 

[DrTomorrow]

Originally posted by cruise-o-matic

And BTW, I'm curious, why did you buy into DVC?

Glad to assuage your curiosity.

We're empty-nesters who visted WDW as children, took our own son there many times, and enjoy regular trips to WDW as a couple. We've got friends we want to share the Disney magic with, a son who wants to visit there with his own friends, and someday we hope to bring grandchildren with us.

And as to the current topic: While I can only foresee us renting the stray un-needed dozen points, I fully support any DVC owner exercising his or her rights - as spelled out in all the paperwork we signed - to the full extent allowable.

Be Well, c-o-m!

 

[Dean]

Originally posted by ripleysmom
Most of the objections that I see to renting are

A) when someone starts a thread rallying owners to start charging more so that they can increase their rental profits.

B) when people who are known "commercial" renters list multiple rentals of peak weeks for big bucks (say $14-$15 a point).

I can't argue that A happens, it does, or at least it has on exactly two occasions that I can recall. But it is not the only situations where people object and by no means the most common one. It is actually more frequently brought up by someone who sees a high demand time, a higher end price like on ebay or what they want or might want offered for rent. Basically someone whining because what is happening isn't THEIR vision of what DVC is and what they bought into and it may keep THEM from getting what they want. It's the entitlement mind set.

As for the second, I know of no formal DVC definition of commercial renters. And many would contend that it would be difficult or impossible to come under this heading with the 2000/5000 point limits. Of course there are those who foolishly link asking price to motive or "commercial" usage. And I would say that anyone less than what Disney themselves is doing is on pretty sound ground.

 

[Cinderpals]

Gee, I'm not a DVC owner officially yet, but I calculated points needed for a August trip. I will be short 2 points! I could borrow points from the following year, but will need all of the points that I can get for a major vacation. For two points, I'd pay the $20-22, so I don't have to change my plans.

Also, if I happen to have a few that need to used up, I'll definitely offer them up for rent/sale for someone else in the same boat.

I like that flexibility. I plan on banking and borrowing for a big Christmas stay, but if I'm short a few points, I'll be willing to rent/buy some more!

 

[goldilocks_63]

Sigh, saw the Original Thread was started by Rich....

Miss him, Goldi

Sorry, offtopic, feeling kinda depressed today....

 

[AnnaS]

I was wondering if his wife had just started a new thread until I checked the date.

Yes, he is missed by everyone.

Cheer up Goldi - its' a beautiful day.

 

[klh]

This is a point system. It you have a timeshare with a specific week you can trade that week. Sell points is the same idea.

 

[wdwstar]

was the going rate for a long time. And $ 10 was a great rate unless your points were expiring points or consider reservation points. As a DVC owner, I am concern , am i the only DVC member that is concerned?
with the cost of buying into DVC and paying yearly dues, i dont understand how these renters keep posting threads about renting points at $8 a point.
There was even a post about how can we charge more then $8 a point during hurricane season.
Renting points even at $10 a point is still a good discount compare to WDW rates, especially for a 1 or 2 bedroom. I understand if you have a AP you can snag a good rate, but most of those rates are for a standard room.

It just seems like the shoe is on the other foot, renters are quoting what the rate should be instead DVC members setting the rate.

Ok with that said, i am ready to be flamed

 

[bobbiwoz]

I don't rent and probably never will, but the thread talking about liability of owners for credit card charges may scare some owners off, and probably those who rent will be able to ask for higher prices because fewer people may rent out their points.

I hope so for your sake.

Bobbi

 

[disneyeveryyear]

My opinion is that they can request whatever they want, it doesn't mean anyone will be willing to fulfill their request.

With the whole "the member is responsible for guests charges," idea that is going around I think fewer will be renting out their points which might make it even more difficult for these renters to find points at any price.

 

[keishashadow]

I agree with you in theory...but, I can also see the renter's POV...why not try to get the cheapest rate they can? If there are a few DVC members desparate enough to let their points go "for nothing", so be it.

I can't see that it will be a trend (at least hope not in case we, personally, need to rent/transfer for unforeseen reasons). I assume most members realize the supply & demand issue and valuate their commodity accordingly to protect their investment.