If I only buy 6000 points

[confusedinSLC Junior Member Find all posts View Profile Close confusedinSLC]

If I only buy 6000 points and I realistically looking at only being able to take one vacation a year with my points? Is there any way to work it to get more than one vacation without buying more points. This is a sticking point for my husband. He can only make the numbers work if we can get two vacations a year, they don't have to be full weeks.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

If I only buy 6000 points and I realistically looking at only being able to take one vacation a year with my points? Is there any way to work it to get more than one vacation without buying more points. This is a sticking point for my husband. He can only make the numbers work if we can get two vacations a year, they don't have to be full weeks.

Yes, you can rent points at about $.06/point from other owners. I feel pretty confident that you will like WorldMark given what you have described so far. You have just begun to scratch the surface of what WorldMark can do for you. The more you learn, the more you will like it.

But, don't buy until you feel comfortable. The great thing about WorldMark is it's so easy to sell. And, if you buy at the right price, you will probably be able to sell it for what you bought it for.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Also, there is bonus time which goes for $.042/credit. You can only book 14-days in advance of check in. But, it works if you live near a bunch of resorts. In your case, I would be spending a ton of time at Wolf Creek on bonus time in the off season.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Not WM owner, but I believe their points is good for 2 years. So you actually get 12000 points every two years. If you use it for II trade, it gives you 3 flex change week in 2 years. But it will add exchange fee and add uncertainty. Since you don't necessary need full week, you can compare that to rent more points from owner or use bonus points.

Jya-Ning

[Sydney Contributor - Bronze Find all posts View Profile Close Sydney]

Yes, you can rent points at about $.06/point from other owners.

Boca, if you rent pts from other owners, the pts are transferred to your own account yes?
Thanks.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

There are rumours from very credible sources that the WorldMark Board of Directors has approved a new policy where owners can only rent credits up to the maximum of 2 times their annual credits owned.

There are several hundred posts on the WorldMark owners forum at www.wmowners.com.

If this is true, they are closing on of the truly great loopholes in all of timesharing.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

There are rumours from very credible sources that the WorldMark Board of Directors has approved a new policy where owners can only rent credits up to the maximum of 2 times their annual credits owned.

1st Disney, now WM? They may have good reason(s) or they think they are doing a favor to owner that they think are taken advantage. But they just increase the risk of regular owners.

Jya-Ning

[mshatty Super Moderator Find all posts View Profile Close mshatty]

There are rumours from very credible sources that the WorldMark Board of Directors has approved a new policy where owners can only rent credits up to the maximum of 2 times their annual credits owned.

There are several hundred posts on the WorldMark owners forum at www.wmowners.com.

If this is true, they are closing on of the truly great loopholes in all of timesharing.

Boca,

Would this be credits rented directly from Worldmark? Would it restrict WM owners from renting credits from other members?

As you know, Fairfield has a restriction on the number of points you can rent directly from it. During its Standard reservation, you can only rent enough points to complete the last day of your stay. During its Express reservations, you can rent points up to the annual amount of use points you have for that year.

However, there is no restriction on the number of Fairfield points you can rent from other Fairfield owners and have them transferred into your account to use. It makes for a viable point rental market for owners.

It sounds like Worldmark is bringing its policy about renting credits from it more into line with what Fairfield does on its points rental policy.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Mike,

First of all, this is a rumour. However, it's a rumour from 2 different credible sources who know members of the WorldMark Board of Directors.

Secondly, this is a restriction being placed on credits transferred from one owner to another owner.

The board took the action because it claims that owners are abusing this credit transfer facility by aggregating credits, booking prime units and then renting those units out. I believe that the size of this so called problem is small and so this is a bogus claim.

However, it is my suspicion (along with many others) that they are instituting this rule to eliminate the loophole of being able to buy a small WorldMark account and rent additional credits instead of buying more credits.

Think about it. Why would anyone buy more than a 5 or 6,000 credit account if all they had to do was buy one of those and then rent more credits?

My problem is not with the rule per say. My problem is that they lied to us by telling us there was a problem and instituted a solution that really is intended to get people to buy more credits.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

I would have been more supportive if Trendwest just said the following:

We are putting a new limit on the transfer of credits between owners because too many owners are buying small credit accounts and using an unfair share of reservations. This is unfair to large credit account owners who pay their maintenance fees year after year.

We wouldn't like it. But at least they would be telling the truth.

And, at the end of the day, it would be more fair to everyone if such a rule existed.

[Steamboat Bill Banned Find all posts View Profile Close Steamboat Bill]

Even thought this is restrictive, it is not as BAD as the DVC restriction of one transfer (not limited to 2x your point contract) per year.

2x a 6,000 WM point contract still nets 18,000 points per year...which is 4x flex trades per year...not that bad.

2x a 7,000 WM contract is 21,000 points...would still get 2 full week trades (at 10,000 points each) per year.

Like the DVC rule enforcement....this seems to affect a small amount of commercial renters. Perhaps like DVC, WM is throwing out the baby with the water, rather than clamp down on the individual abusers.

[mshatty Super Moderator Find all posts View Profile Close mshatty]

I would have been more supportive if Trendwest just said the following:

We are putting a new limit on the transfer of credits between owners because too many owners are buying small credit accounts and using an unfair share of reservations. This is unfair to large credit account owners who pay their maintenance fees year after year.

We wouldn't like it. But at least they would be telling the truth.

And, at the end of the day, it would be more fair to everyone if such a rule existed.

Boca,

Think about it, is it really unfair? My thought is that the points being rented from other WM owners were sold and are out there to be used by some WM owner. Why should WM care who uses them? The person renting the points away has many reasons to do so and the buyer of the rented points has incentive to do so to use WM resorts or other exchange opportunities. The rental between the parties is done on a fair value basis.

The use of WM resorts based on sold points shouldn't really change. To my simple mind, it seems to me the only thing changing is the person reserving the resort unit.

Now, if the issue is cost of doing all of the transfers of points, then WM could easily make it user pay for. In Fairfield, if you are not VIP, you get a free reservation transaction for every 77,000 points. Transferring points to another owner is a "reservation transaction". If you are out of the free transactions, you pay $25 per day of transactions. Gold and Platinum VIP Fairfield owners get unlimited reservation transactions.


As you may know, there are "savvy" Fairfield owners who take this same approach about buying only a minimum number points with the goal of renting points from owners who can't or won't use them.

As you earlier posted, this is probably a very very small number of owners who work this procedure/program to enjoy WM.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Mike,

I think a much better solution would be the one you've presented. Just charge a fee for doing such transfers.

However, Trendwest really had no intention of solving the rental problem. They wanted to create an incentive for small credit owners to buy more credits. That's the real agenda behind this action.

I totally agree that it shouldn't matter if the original owner or the new owner books a reservation. Except there are some loop holes that makes it more advantages to have a lot of credits in your account.

[mshatty Super Moderator Find all posts View Profile Close mshatty]

Boca,

I agree, if there's a way to make owners buy more points, Trendwest, Marriott, Fairfield, any of them will look seriously at doing that.

This TS thing, ownership, selling developer resort, is never static, is it? It takes someone like you who has a great deal of knowledge of their procedures and methods to take full advantage of their TS ownership.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Sorry to OP, this is But this is what I always involved

However, Trendwest really had no intention of solving the rental problem. They wanted to create an incentive for small credit owners to buy more credits. That's the real agenda behind this action.

If this is their intention, then they did not have their sales team and legal at the same meeting. Based on ARDA Aug 2006 study, the trend is more family (especially young one) step in with small contract. I bet the sales team will tell them "sure, you can buy a samll contract then rent as many as you want if you need.". So, a Joe may look at his wife and think "sure, if I have to bring MIL, I can try to rent points and get 2 seperate units and still impress my friends to have a super bowl party". Guess what, they found out the sales does not tell them the complete picture. Although a good portion of the sale is from current owner, that still only compose as 30% - 40% of the sale. So they are giving wrong impression to younger family which may bring more business to them in the future.

I will like to hear what their sales team think.

Jya-Ning