Sooo many questions

[tom1944]

Wow your girls outgrew Disney so young! I’m surprised.

Yeah, it’s definitely not an investment like a beachfront condo is. We own a beachfront condo and between the equity and rent we get from it, there is no comparison on what is a better investment.

That’s why my DH is against buying DVC. He thinks Disney is a bad business partner, screwing their own loyal members out of the value of their DVC resale for their own pocket books.

I just want to go to Disney once a year or every other year and stay on property. I also have a hard time stomaching the rack rates and would never pay that much for those deluxe rooms.

Did you look into renting points

 

[disneyspinedoc]

Did you look into renting points

I did! That’s how we stayed at BLT the first time. We may continue to just rent but if the prices continue to drop, it may be a good time to buy...

 

[tom1944]

Some people recommend renting to me instead of buying

I really want to purchase though

 

[Sandisw]

As for rentals, I doubt they could prohibit it because it's a real estate deed.

The DVC Condo Owners Board (which is composed 100% Disney employees) could simply add a rule prohibiting rental of points.

The POS specifically allows one to rent as long as it is not for commercial purposes.

So, the condo board would have no ability to change the contract. Only DVD can do that and as a material change, there are specific rules that govern it.

Now, DVD/DVc..not sure who..determines what is means for a membership to be engaged in renting for commercial purposes.

Right now, it is more than 20 reservations in the name of others in a continuous 12 month period that can get an account flagged.

They can certainly change that definition id they want if they have concerns. But, the ability to rent points is something we as owners have the explicit right to do.

 

[Sandisw]

Some people recommend renting to me instead of buying

I really want to purchase though

Here is why we never rented. The limitations to change or cancel were just not worth the savings for us.

We also didn’t like not being in charge of our trip and knowing that while rare, the owner could always cancel the trip last minute and we’d be stuck.

 

[gscott8075]

Wow your girls outgrew Disney so young! I’m surprised.

Yeah, it’s definitely not an investment like a beachfront condo is. We own a beachfront condo and between the equity and rent we get from it, there is no comparison on what is a better investment.

That’s why my DH is against buying DVC. He thinks Disney is a bad business partner, screwing their own loyal members out of the value of their DVC resale for their own pocket books.

I just want to go to Disney once a year or every other year and stay on property. I also have a hard time stomaching the rack rates and would never pay that much for those deluxe rooms.

We went to Aulani when they were in college and we had a great time - when we went back, we rented elsewhere. We went to WDW a few years ago and had a really good time - but, yes, they were adamant about HHI over WDW.

 

[gscott8075]

The POS specifically allows one to rent as long as it is not for commercial purposes.

So, the condo board would have no ability to change the contract. Only DVD can do that and as a material change, there are specific rules that govern it.

Now, DVD/DVc..not sure who..determines what is means for a membership to be engaged in renting for commercial purposes.

Right now, it is more than 20 reservations in the name of others in a continuous 12 month period that can get an account flagged.

They can certainly change that definition id they want if they have concerns. But, the ability to rent points is something we as owners have the explicit right to do.

My error - thanks for pointing that out!

 

[limace]

Re universal-my kids live universal, but I wouldn’t use our DVC points to stay there-I’d much much rather stay onsite at Universal for the free express passes and the close walk.

 

[bakerworld]

For us, we found ourselves hopping off to WDW about 3 times a year and enjoying staying at the resorts where we could walk to the parks. DVC stabilized the room price to the AP discounted rate of 2009. We bought 2008 and enjoy the atmosphere so, while we have changed the type of WDW vacation we experience, we still enjoy our vacations.

We joined when our kids were in their 20's and had been tired of WDW for years. We joined for us - not them. We share our points with family however when 2 out of the 3 kids vacation on DVC properties it's for the room, the pools and Disney Springs. If they buy a ticket at all it's a 1-day. Our son still has 2 days left on a NEPH from 2013 and he's been to Disney twice since then. As Disney Springs now closes at 11p they haven't returned on their own.

Yes, we have used DVC is a hotel while exploring surrounding Florida sites and parks. After owning about 5 years we found ourselves spending more time at the resorts than the parks. Now we're only in a park about 3 or 4 hours. If we do 3 park rides we feel like we done for the day - 4 rides is enough already. LOL For us it's now more the resorts and Disney Springs.

 

[miTnosnhoJ]

I am seeing .5601% interest in. Would that be the percentage of total points available for sale?

No, You are buying into a unit at the condominium. The Unit could be a floor, a group of rooms, or anything. You will likely never stay in the Unit that you have an ownership in, because your usage of the unit is converted to points. But having a percent of a unit seems to be important for tax reasons to show that this is a real estate interest. Not just buying points.