I don't have my own points yet, but I am a frequent renter. I expect to pay $10/point when I begin looking. If someone offers them for $9 or $9.50 I am thrilled.
I guess I have too much pride to ask for something to be priced down, when I realize just what a value I am getting! $99 - $110/night for a room that would cost me over $300/night cash. Some people just don't get it!
On the other hand if someone emails me and is asking $12 or $12.50/point, which I have seen here on these boards, I politely say that I am all set, as those $10/point offers are out there.
I understand and empathize with your frustration as owners who rent! I didn't vote, by the way, because I can't give an honest answer, since I don't have my points yet. Contract was fed-exed today (oops, that's for another thread).