Diamond Resorts changeover to point system

I just talked to a representative from Diamond Resorts and they informed us that starting in 2009, they are switching to points only and will not honor our floating time, which was in the original agreement. They have assigned us a low season week and have told us that we will never be able to reserve anything if we don't pay additional fees and upgrade our status. As far as we know, we purchased a two bedroom lockoff with a floating week, any time that is available during the year. We were not restricted in any way. Has anyone else been advised or been threatened by Diamond Resorts in this manner?

When I saw your posting, I contacted a person who goes to the annual meetings (just went) and knows a lot about this resort.
His comment was that he understands that what you were sold is what you are entitled to. They have sold "x" conventional weeks and must keep a number of them available each season.
He also said when he went for his "update" a year or so ago they told him they were only selling points. When he said he was only interested in conventional weeks --- lo and behold they came up with one. The bottom line is they are interested in selling.
I hope you find this information to be accurate at this time. In the event that you are ever interested in buying points I am willing to sell some or all of mine since my husband passed away recently and I have my doubts about usage. I know my price will be a lot less than what they are quoting at the resort.
It is a good resort. My husband and I bought it pre-construction in the mid 90's and have spend a vacation there every year since.
I hope all goes well for you.
Diana Muller

Thank you Diana, I will look into it a little further.