So John..If I convert my floating weeks to points. those points will be qualified VIP points...even if the weeks themselves were bought on the secondary market??
Is this a "deal" that has to be negotiated with the purchase of new developer points. or can it stand alone
I understand that the conversion is about $2300 for the first week and under $1000 for each additional week converted at the same time..
And Jim
did you have to pay a conversion fee, plus the $12000 for the 77k points...or just the $12000?
I'll admit I hadn't heard of anyone doing that prior to this post but I do know that Wyndham ideally wants every week to be in points - not fixed weeks of the 90's ilk - so they have always treated conversions of fixed weeks to points as a retail purchase with all benefits that offers. Still, $12K for maybe $200 worth of resale points - if that - will take a miracle to ever even break even. It still isn't any type of good deal but it is a way, for anyone that simply must get the thrill of be VIP, to get there while involving a resale. Just not a POINTS resale. I still wouldn't do at even half that cost - at 1/4 I'd be tempted. Never happen though.
It is still spending money upfront for a possible return 20-30 or more years from now if all else stays as is (and it is guaranteed, unlike VIP, that things WILL change over that time). And it will NOT be to the benefit of the VIP owner. That is an absolute, iron clad guarantee you can bank on. VIP unfortunately you cannot bank on for anything beyond a month or two from now. Paying to get it remains a study in good money spent in a poor manner.