This is a quote from The Disney Vacation Club Disney's Saratoga Springs Resort Public Offering Statement, "Purchase of an Ownership Interest or use of the Vacation Homes and facilities of the Saratoga Springs Resort for commercial purpose or for any purpose other than for the person use described in this Public Offering Statement is expressly prohibited" (p. 18). I'm sure its on other documents as well.Stimpy said:Isn't it in the contract that you aren't allowed to use the points in a business manner or for financial gain? I thought I remember seeing something like that.
gjw007 said:This is a quote from The Disney Vacation Club Disney's Saratoga Springs Resort Public Offering Statement, "Purchase of an Ownership Interest or use of the Vacation Homes and facilities of the Saratoga Springs Resort for commercial purpose or for any purpose other than for the person use described in this Public Offering Statement is expressly prohibited" (p. 18). I'm sure its on other documents as well.
I tend to agree with you if only because the individual would have to have a significant impact, which I doubt that they do have. I understand that Disney does take steps occassionally. I read somewhere where Disney was putting a stop to people who were giving tours of Disney by non-Disney personnel. That business also wasn't authorized by Disney. The trips supposedly could be argued as helping Disney but unless Disney controlled it, Disney didn't want any unauthorized tours. Disney also states that individuals can rent their points, so at what point does it become a commercial operations? It's a little murky making it necessary to have a very clear case in order for Disney to take legal action.tjkraz said:Somebody wake me the day they try to enforce that clause...
Certainly there are times when Disney is forced to take legal action to protect its interests. But Disney is just not going to file suit (or otherwise penalize) against an individual who has spent hundreds of thousands of dollars on their timeshare program.
Yes, they could probably demonstrate a for-profit enterprise without much trouble. And yes, they could prove that point rentals have an impact on Disney's own resort revenues. But that impact is negligible in the grand scheme of things. The negative publicity alone would be far more costly to Disney.
There's supposed to be a limit of 2000 points at any one resort, and 5000 points total, but I'm sure that can be evaded.utahkennedys said:There is a seller on eBay who mortgaged her paid-off house and bought DVC points with all of the money, I am guessing at least $300k. Not sure how b/c I thought there was a limit, but she did. That is her business. She said in about 7 years she would "break even", and then the rest is a huge amount of pure income...for a long, long time....
One way to exceed the 5000 point limit is to have them in different names. For example 5000 points in your name, another 5000 in your spouses's name, and a 3rd 5000 in your joint names.JimMIA said:There's supposed to be a limit of 2000 points at any one resort, and 5000 points total, but I'm sure that can be evaded.
My gut reaction is that there are much better places to invest $300,000.
If you figure the basic cost of a point, including both initial cost and maintenance, is about $6, and the normal rental price is $10-12, it doesn't sound like a get rich quick scheme to me. If you rent out 5000 points per year at an average markup of $6 per, that's only a gross profit of $30,000 before deducting expenses and occasional losses.
I've heard of people going as high as $15 per point. If they're looking at it as a buisness, I'm guessing they're def. not on the lower end. But then again, if we're talking 300,000 she would have to have paid $60 per point to get 5000.JimMIA said:There's supposed to be a limit of 2000 points at any one resort, and 5000 points total, but I'm sure that can be evaded.
My gut reaction is that there are much better places to invest $300,000.
If you figure the basic cost of a point, including both initial cost and maintenance, is about $6, and the normal rental price is $10-12, it doesn't sound like a get rich quick scheme to me. If you rent out 5000 points per year at an average markup of $6 per, that's only a gross profit of $30,000 before deducting expenses and occasional losses.