what does it require to attain vip status.........l'm curious
Pat
Pat
450,000 points is silver....700,000 points is gold......1,000,000 points is Platinum. I am grandfathered gold at 500,000, but oh boy do they try hard to sell me 200,000 more points....LOLwhat does it require to attain vip status.........l'm curious
Pat
Or, buy someone's VIP ownership with terms (a contract) that they stay on as an 'owner' that gives you full control, ownership ad releases the original 'owner' from any liability. Add your name to the deeds or trust. You'll need a quit claim deed adding you to the deed if it's deeded and process it through Wyndham. Also have a quit claim deed prepared to remove the original 'owner' for when it's time to leave the program (sell). You may have to pay a little more to the owner to do it this way, but it may be worth it to all involved.purchasing point directly from Wyndham. Resale points don't count toward VIP
Or, buy someone's VIP ownership with terms (a contract) that they stay on as an 'owner' that gives you full control, ownership ad releases the original 'owner' from any liability. Add your name to the deeds or trust. You'll need a quit claim deed adding you to the deed if it's deeded and process it through Wyndham. Also have a quit claim deed prepared to remove the original 'owner' for when it's time to leave the program (sell). You may have to pay a little more to the owner to do it this way, but it may be worth it to all involved.
I believe it is if you maximize the benefits. Five to ten thousand dollars is much better than over one hundred thousand dollars.Dose it make financial sense to pay anything for a VIP ownership when points are available on the secondary market for almost nothing?
Giving Wyndham way more money than you should.what does it require to attain vip status.........l'm curious
I believe it is if you maximize the benefits. Five to ten thousand dollars is much better than over one hundred thousand dollars.
400,000 is silver. I was good at 500,000 grandfathered in until deeds removed from trust left me 402,000. I believe gold is 750,000. I know how hard they try to take those deeds from me but I am happy they haven't. Some have used resales and become gold with points but I am hoping for a new club to honor ones who have stuck it out.450,000 points is silver....700,000 points is gold......1,000,000 points is Platinum. I am grandfathered gold at 500,000, but oh boy do they try hard to sell me 200,000 more points....LOL
This sounds interesting as it may help my situation as I would like to give any profit to a charity dealing with mental illness in Headland, AL.Or, buy someone's VIP ownership with terms (a contract) that they stay on as an 'owner' that gives you full control, ownership ad releases the original 'owner' from any liability. Add your name to the deeds or trust. You'll need a quit claim deed adding you to the deed if it's deeded and process it through Wyndham. Also have a quit claim deed prepared to remove the original 'owner' for when it's time to leave the program (sell). You may have to pay a little more to the owner to do it this way, but it may be worth it to all involved.
My apologies, I thought they raised silver to 450,000. Pretty sure Gold is 700,000. They try very hard to get me to buy 200,000 points at every owner update.400,000 is silver. I was good at 500,000 grandfathered in until deeds removed from trust left me 402,000. I believe gold is 750,000. I know how hard they try to take those deeds from me but I am happy they haven't. Some have used resales and become gold with points but I am hoping for a new club to honor ones who have stuck it out.
My apologies, I thought they raised silver to 450,000. Pretty sure Gold is 700,000. They try very hard to get me to buy 200,000 points at every owner update.
When I was gold at 577,000 they sold me the great Smokies Lodge for 105,000 total 672,000 plus temp platinum which had been 750000 but that broke my gold trust plus turned all my grandchildren from discussing my trust ownership. On fixed income, MF fees equal my tithe to my God so it must be used to help charity.They just offer me CWA as my only way to reduce my MF. The last was pay $13,500 for 84,000 keep my deeds but pay $235 for each week of vacation rather than the $215/month I was paying plus interest on their loans to me. They really think we must have Alzheimer's. Their fast talk can confuse us so I take my daughter with me as a witness.
They are constantly pushing Extra Holidays to me, but as I have stated in the past, they overstate the earnings potential. Last sales weasel was fast talking, and used a different dollar figure for how much I could make on EH, everytime he opened his mouth. I called him out on it, declined his offer, and he told me I was stupid. I really do not have much respect for a company that basically encourages lying, and belittling people, as a way to make money.They just offer me CWA as my only way to reduce my MF. The last was pay $13,500 for 84,000 keep my deeds but pay $235 for each week of vacation rather than the $215/month I was paying plus interest on their loans to me. They really think we must have Alzheimer's. Their fast talk can confuse us so I take my daughter with me as a witness.
I believe it is if you maximize the benefits. Five to ten thousand dollars is much better than over one hundred thousand dollars.
My apologies, I thought they raised silver to 450,000. Pretty sure Gold is 700,000. They try very hard to get me to buy 200,000 points at every owner update.
The comparison is with non VIP points, not with VIP from Wyndham.
I don't know what you mean by maximizing benefits. Without cancel and rebook the benefits are not much
Further, you assume is that you can convince a VIP owner to jump through the hoops to make you a VIP for no more money than what points are available for on the secondary market without VIP benefits
The guy that is willing to jump through those hoops knows what he has and knows what it's worth (to you) He's gonna want more than 5-10k. That's what points are going for in eBay
By the way there was a guy selling a VIP account on eBay recently. I don't know the technique he used but he got over $25,000. That's the number I'd use and given the new rules, I have trouble justifying even that much
Thank you for your looking at this the way my trustees did when I promoted the latest spiel to them. The argument was always was how many MFs to recoup their sales pitch. The sales pitch was always "over 10 years you will pay thousands in MF fees"so you better buy this. How smart they were to leave me holding the bag for my last bite.$17000 added $80 MFs per month.If you can buy it for $30k online resale it would be worth it.
Let's say that gets you a million points and we will use $6/1000 pts for maintenance. To duplicate Platinum VIP without the actual status you need 2 million points and therefore double the maintenance fees. You're looking at $12k a year in maintenance vs. $6k. So buying that VIP resale, if it sticks, pays for itself in five years.
Now, buying it from Wyndham is another story. For argument's sake let's say I walked into Wyndham and said I will pay $125k to you right now for 1 million points. Safe to say they would take my money? Let's say they do. Now you are looking at over twenty years for payback. Even if you bought Shearwater from them at $4/1000 MF it is still going to take you 15 years to break even. That's one you have to really think about.
Then again you have to ask if He benefits received are worth the money spent, and to be fair,nobody can say for sure at this point because the system is so cluster f$&@(d right now. Cancel/Rebook has been dealt a blow by Corporate and that was the largest benefit used by VIP owners. But because the website is so messed up at this point we really do not know how much C/R has been effected. Remains to be seen.
To me, it would almost be worth it just to have the unlimited housekeeping and Reservation Transactions as we like to do a lot of short stays. Discounts would be nice, but C/R really wouldn't be a part of my repertoire. To each his own.
This assumes every single reservation will be discounted. I don't think that is realistic given the current reservation system unless you are only looking for low-demand times/resorts with plenty of 60 day availability.To duplicate Platinum VIP without the actual status you need 2 million points and therefore double the maintenance fees.
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Assuming you have that kind of money to put into a second home, Does it make sense to do it under the (WYNDHAM?) new rules?
This assumes every single reservation will be discounted. I don't think that is realistic given the current reservation system unless you are only looking for low-demand times/resorts with plenty of 60 day availability.