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Re: Diamond Resorts Points devalued again

Its logical to assume that if you convert from weeks ownership to points or when you buy points, you do not have any rights to a specific week. Diamond Resorts or any other timeshare company for that matter, can rent out that "hot" week and retain most if not all the profits from it. The Diamond Resorts point system makes it easier for owners to exchange, but will ultimately cost you more if you want to go to a more popular resort during primetime. You cannot get a primetime week at any resort unless you use full points because Diamond can sell it to any renter for much more than what anything less than 100% points will bring in. If you abandon your ownership, the resort company will try to get whatever they can out of you, then resell the points again. Thats why its better for the various Timeshare Compnies to pool the points from multiple resorts so there would always be available points to sell. Remember, a person just can't buy points from just anyone because it will cost you several thousands of dollars for you deposit them into your existing club account. If you don't put the points into your current existing account, you cannot use them to trade anywhere else other that where you own. That why the Diamond Resorts points are basically worthless on the secondary market. Try giving them away and see if you get any takers. Yes, I have found that it may be cheaper to rent the unit from other sources. Just calculate your annual cost for each point you own and multiply by the number of points it will take to reserve you a particular week you want. Then compare it to the cost of renting it from other sources. Voila!