LadyBeBop
DIS Veteran
- Joined
- Feb 28, 2009
For those who are just brokers however, It's no guarantee they are really even seriously contributing to the health of the overall system. Around here you'll constantly hear about how ruthless Wyndham sales weasles are, and how you should NEVER buy retail because people are literally giving away Wyndham contracts to get out from under the MF's. The problem is, You can't give away, or sell your Wyndham Contract until it's paid off.... So there are a LOT of people out there still paying off a retail contract, some who could not afford to utilize their points, and are still forced to also pay their MF's. So you run into some brokers who will approach these underwater Wyndham owners and tell them, "Hey! We'll pay you $4 Per 1k of your points and rent them out for you.". The owner is still forced to pay their $13 Per $1k purchase price, plus the $6 per 1k MF.... but they figure that the $4k per 1k this company will pay them to use their points is better than nothing since they can't use them, and can't get rid of it.
So these brokers are pooling points from different owners, right? I thought that wasn't allowed. What's the difference between that and us two pooling our Wyndham points and renting a four bedroom Presidential at National Harbor?
Or are these brokers making sure that they don't mix owners (making sure that each week's rental is from the same owner's points)?
(And for the record.... It was actually DVC who helped start these non-owner fees within the industry with it's $95 /wk "Transportation fee" for exchanges into DVC Properties at Disney. Prior to that most Timeshare resorts treated exchange company exchanges into their resort just like their own owners based off the idea that their owners would get the same owner-treatment at the resort they exchanged into. Disney changed the equation by charging non-owners an additional fee. )
I know DVC is one of the first. I also know there is another Wyndham resort that charges an outragous fee for use of their water park (although I think we would be exempt if we exchange through Wyndham). Who else does this?