Original Message:
Re: Marriott Vacation Club "Destinations" - What I Like and What I've Done (by Den):
Please forgive my rambling thoughts on a Sat morning after a sales presentation.
My dear wife talked me into attending a 90 min. presentation. Three hours later we finished. They confirmed the following: 1. No new owned properties will be developed. VAC (Vacation Club) will just offer our weeks and repackage "stuff from others" for our points. VAC is selling off undeveloped resort property. 2. VAC will buy our weeks under the ROFR for next to nothing and resell them as points - recycling the same old stuff. 3. No customer will ever own enough of our recycled product. 4. VAC has developed the perfect business model, a profit with every move forever. 5. VAC owners will never have an acceptable exit strategy that will enable even a modest return of their investment. A points purchase has even less residual value than a week purchase. 6. VAC's cost of sales is and will continue at a targeted 33%. 7. The dream is the product.
My conclusions - Rent what you need from week owners. If you buy, buy a "Platinum" week in the resale market that you would use. Help some fellow owner by relieving a burden. If you own, get involved with your owner's association - we must take this back.