Here’s what I observe whether it be by Disney or any other entity … the ‘fix’ turns out to be worse than the ‘problem’ … don’t like walkers then learn to beat them at their own game ….
I haven't driven a bus lately, so I'm out of the rumor mill loop. What change is this thread referencing?Agreed and I think people are intertwining walking and spec renting together as though they are the same.
I still see this entire move as a way for DVD to crack down on the large scale renting by brokers. I’ll even go farther to say it’s the flipping of contracts more so than renting itself that is more important.
I just hope that we just don’t see any changes to the flexibility of the program.
IMO, this is the biggest issue. I hope "rank & file" owners don't get caught up in any crackdown, but I think ending the blatant commercial renting would improve availability for the rest of us.I feel bad for the people this affects, but I don't think it is a great number of people. I however think that the spec reservation problem has become an issue that needs to be addressed, it is on almost every facebook page now, and the rental companies are openly breaking the "no commercial use" part of the contract.
You don't think the spec renters are walking their reservations to get their preferred dates that will sell well? If I was a spec renter that's what I would do. If there's a way to stop a walking+renting combo without stopping a member walking and then using their own reservation, then why not?
This thread might be a good place to start - there are discussions in other CFW threads too:I haven't driven a bus lately, so I'm out of the rumor mill loop. What change is this thread referencing?
Some, yes, but I am sure there are plenty of confirmed rentals out there that were not walked at all And that the bulk of the walkers are owners, not those renting.You don't think the spec renters are walking their reservations to get their preferred dates that will sell well? If I was a spec renter that's what I would do. If there's a way to stop a walking+renting combo without stopping a member walking and then using their own reservation, then why not?
I think it will only be a very small % of owners that are aware of this new language, and/or paying any attention to it. So I don’t think it will have any impact for the time being… remember it has been around since the declarations were filed (Dec 22 from memory?).Trying to nudge this back on topic— I was originally thinking that all all resorts would slide a bit once Disney starts to take action (and I actually think that prices will slide a bit now as savvy owner-renters decide to get out before the crackdown)— someone upthread speculated that AKVOKW/SSR points will fall most as they are the biggest inventory—but now I’m wondering if it will be BWV and AKV (along with anywhere else owning gets you huge point per value discounts) that are most at risk. Maybe AUL as well?
Trying to nudge this back on topic— I was originally thinking that all all resorts would slide a bit once Disney starts to take action (and I actually think that prices will slide a bit now as savvy owner-renters decide to get out before the crackdown)— someone upthread speculated that AKVOKW/SSR points will fall most as they are the biggest inventory—but now I’m wondering if it will be BWV and AKV (along with anywhere else owning gets you huge point per value discounts) that are most at risk. Maybe AUL as well?
I think your analysis makes sense. I should start a separate poll of “what happens first? Rental crackdown or Disneyland forward?” I would love to see both but would happily settle for one of them starting by the end of 2024.I think it will only be a very small % of owners that are aware of this new language, and/or paying any attention to it. So I don’t think it will have any impact for the time being… remember it has been around since the declarations were filed (Dec 22 from memory?).
It’s a big ‘IF’ Disney takes any action. We don’t know what they will do or when they will do it… all we know is that the new wording appears to give them a much easier path to determine that an owner is using points for a commercial purpose- in relation to CFW at least.
So although some (likely very few) owners may decide to get out now, my view is that this would have little to no impact on resale prices in the short term.
I think the fact that Disney changed the language in the new documents might mean they don't feel they have the tools to enforce any crackdown with the current language.
All in all I'm not fond of the mega renters, but on the other hand, why would I want to have flexibility taken out of the program?
There is at least one major broker that has been buying contracts, stripping them out as rentals, and then trying to sell them stripped of multiple years of points. However, it doesn’t even sound like they are the biggest problem, the other thread (under the Member Services topic) has examples of how one single rental site is offering more than 50% of the total number of almost impossible to get AKV value rooms for certain high value periods.Commercial Owners is not something I'm worried about. Disney cracked down on this years ago. Today, rental companies are Brokers who serve as the middleman between members and renters. They are not owners.
Completely obnoxious behavior.the biggest problem, the other thread (under the Member Services topic) has examples of how one single rental site is offering more than 50% of the total number of almost impossible to get AKV value rooms for certain high value periods.
The key word is "selling". They are selling the units, not holding them as in investment. And did you know that if a broker strips 3 years of points, they cannot sell the contract to another buyer until all the trips based on those points have been taken. If they close before the trip has been taken, those reservations are canceled.There is at least one major broker that has been buying contracts, stripping them out as rentals, and then trying to sell them stripped of multiple years of points. However, it doesn’t even sound like they are the biggest problem, the other thread (under the Member Services topic) has examples of how one single rental site is offering more than 50% of the total number of almost impossible to get AKV value rooms for certain high value periods.