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Re: Marriott Going to Point Syst (by Bruce K.):

j227 wrote:

I take issue with the conclusion that Marriott just shut down the reslale industry. There is a case to be made that they just helped it. If you wish to go to Grande Ocean or someplace that is already sold out and owners have a high rate of usage, the way to make sure you can go there is to purchase a deeded unit. And the market price of these units will be far less then purchasing the points needed -- and you are far more likely to get there. In addition, the mtce fee for the deeded property is far less then the 40 cents per point. And you can still trade the unit thru II.

So given the above, how did Marriott shut down the resale industry?????

You take issue? Are you kidding? What you outlined is for legacy weeks that are currently owned and are not migrated into the new points program. Sure, nothing changes for these weeks.

My point was for any new timeshares that Marriott sells, they shut down the resale market. Over time, the resale industry will shrink.

There could be a short term spike in resale, where people will try to sell their legacy weeks, knowing the point system can be expensive. But long term, there is no growth, as there will be fewer sellers. Current legacy owners will also move into the point system, further reducing the pool of sellers.

I also "take issue" with your logic on what happens if a property like Grande Ocean is sold out where the only way to stay there is to buy a resale week. This scenario is precisely what the point system provides. You now own a piece of all 53 Marriott VC's and therefore can book at G.O. by using your new points.

Yes, you can potentially buy a deeded week from someone, but over time, there will simply be fewer sellers. You now have a finite pool of sellers. Marriott can't eliminate the resale market, but they just closed it to all future sellers.

Easy on the question marks and learn to spell "resale" before you slam people for posting their opinion.