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Re: Marriott Vacation Club point system (by Stephen G.):

Now, did it make any sense to you that Marriott was going to sell the points to you for $9 and then at the end of the year buy them back from you for $13? Given the claim that this was done in 2010, and knowing that the first points announcements were mid year, we are talking about an increase of $4 "guaranteed buy back" on an original investment of $9, over no more than a 6 month period. So that is 4 / 9 * 2 = an 88.8% return on investment. Had it occurred to you that as a multi-billion dollar company, Marriott's cost of funds would probably be a little less than 88% in the capital marketplace, so why would the essentially borrow this money from you at an annual cost to them of 88%, when the cost of money out there in the world for large companies who want to borrow money would be around what, 2%? 1%? And you are claiming that a Marriott sales rep told you this, and apparently are also claiming that you believed it and accepted it unquestioningly? Not quite sure that I can swallow this fish story. Either we are talking about the world's best salesperson, or we are talking about the world's most gullible customer. Oh, and the fact that a salesperson left the company means that their offer is no longer valid because apparently Marriott's commitment to you only had to be kept while that salesperson still worked there, and if the sales person left then they could tear up all of the paper on money that they borrowed from their customer at 88% interest rate. Huh?

jeffreys95 wrote:

I was down in singer island and many of the owners at ocean pointe have switched to destinations points. It seems that the majority who benefit are of retirement age. They can do 3-4 weeks per year away. As I said previously, we were misrepresented back in 2010 when they told us the points were are $9 and change and by end of the year they would be "worth" $13.00 and Marriott would by them back from us at that rate!! I still have the name of the salesperson who of course left Marriott 6 months later. His Sales manager confirmed his information and then they actually wanted us to tell other couples there about our idea to buy a lot of points and resell back to Marriott for a profit. And Charles yes, the points came to approx $184,000 and the maintenance fees on that amount of points is $8k per year. I didn't make the financial decisions in my family but now divorced, I'm still trying to figure out how to sell some of these points.