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Are Fairfield Points Ever Devalued

C

Capt Hook53

TUG Member
Joined
Jul 21, 2007
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Location
Albuquerque
I'm wondering if Fairfield points ever devalue at your home resort. In other words, do they ever increase the number of points needed for a specific accomodation? For instance, if it costs me 105,000 points to reserve a 1 bedroom unit for a week at Pagosa Springs this year, is there any guarantee that in 10 years I will still be able to get a 1 bedroom unit at Pagosa Springs for 105,000 points?

Excuse me if this has been asked before. I searched the forums but didn't find any mention of this.
Thanks.
 
Capt Hook53 said:
I'm wondering if Fairfield points ever devalue at your home resort. In other words, do they ever increase the number of points needed for a specific accomodation? For instance, if it costs me 105,000 points to reserve a 1 bedroom unit for a week at Pagosa Springs this year, is there any guarantee that in 10 years I will still be able to get a 1 bedroom unit at Pagosa Springs for 105,000 points?

Excuse me if this has been asked before. I searched the forums but didn't find any mention of this.
Thanks.
Click to expand...

Bottom line is that if the points were raised for the entire resort, you would get a proportionate raise in the number of points you own. However, there can be some shifting of seasons that may require more or less points for a week so long as the total points for the resort remain the same.

It is unlikely that this would occur at Pagosa Springs.
 
There is language in the conversion contract for fixed weeks that points values can be changed, but I don't know that it has ever happened. I don't own any UDI deeds, but I assume they say something similar.
 
I expect PAHIO @ Bali Hai and Shearwater to have values re-evaluated. If you pay $4.50 per 1,000 in MF's for points and want to trade into a 3 bedroom Penthouse at Bali Hai or Shearwater Penthouse two bedroom (both are 500K points), the cost is $2,250! :eek: I guess a lot of VIP will be getting those weeks for a while. :rolleyes:

A two bedroom is still high at 308,000 points.
 
You might be surprised. The high-point units at bonnet creek (308 3BR, 424 4BRP) are taken during ARP as often as not.

My take: there are many different kinds of owners in Wynfield. The frugal cheap ones like me and, well, the Others. ;)
 
The best one year the most use the next

bnoble said:
You might be surprised. The high-point units at bonnet creek (308 3BR, 424 4BRP) are taken during ARP as often as not.

My take: there are many different kinds of owners in Wynfield. The frugal cheap ones like me and, well, the Others. ;)
Click to expand...

The beauty of points based system. They can splurge for a year or two if they want and then be frugal if they wish. The choice is always the owners and it can make the ownership a lot of fun to plan and use.
 
That's certainly true. I was thinking of putting together a family reunion in a 4BR Edisto unit next summer, but more often than not I make studio RCI exchanges for vacations on the cheap.
 
Now what are you guys trying to do, make me feel badly about rescinding that Platinum VIP? :eek: :p

That is true, John and Brian, splurging one year on Hawaii and the next using a few 28K deposits for some RCI exchanges. I guess that is a great way to use a small points account to the best advantage. :)

I am going to love Fairfield/Wyndham points, when they are finally willing to recognize us as owners. I wonder how long it will take. They have had the deed for about two weeks. :shrug:
 
bnoble said:
That's certainly true. I was thinking of putting together a family reunion in a 4BR Edisto unit next summer, but more often than not I make studio RCI exchanges for vacations on the cheap.
Click to expand...

Brian - Check back with me in a week. I'm doing exactly that starting tomorrow - we'll be in a 4BR unit in SouthPointe for the week with family.

-Jim (aka Jim F. in Albuquerque on the Yahoo group)
 
Yes...And No

Points themselves within home resort aren't devalued. However, what I'm seeing lately is that the points values required to make a reservation with the newer and nicer locations are considerably higher than those of the older resorts. In other words, the 105k 1 br I own at an older Fairfield resort will most certainly not get me a 1 br high season at a newer resort in most cases. So system-wide, you could say we get devalued- and forced to buy more points, or get out. I am leaning toward the latter...especially considering the free fall of resale prices which has made my investment nearly worthless for resale.
 
trice01 said:
Points themselves within home resort aren't devalued. However, what I'm seeing lately is that the points values required to make a reservation with the newer and nicer locations are considerably higher than those of the older resorts. In other words, the 105k 1 br I own at an older Fairfield resort will most certainly not get me a 1 br high season at a newer resort in most cases. So system-wide, you could say we get devalued- and forced to buy more points, or get out. I am leaning toward the latter...especially considering the free fall of resale prices which has made my investment nearly worthless for resale.
Click to expand...

The one thing that really surprized me is that the newer resorts like Bonnet Creek and Ocean Blvd (where units can be up to 500,000 points for a 2 br for a week) are still booked solid for prime time. Even the larger units for more poits at Ocean Blvd were booked this past summer.

Lisa
 
See Section 4.02 of the FairShare Plus Trust Agreement

Under Article IV, Assets, in section 4.02, it describes the limitations on changing point values for accomodations. These documents are normally distributed to you when you buy from Fairfield/Wyndham; if you are an owner, you should be able to request a copy from them.

I do not know of a situation in which the point values have actually changed. As mentioned above, the older resorts are being devalued in the FSP system as more points are needed to reserve the same size unit at a newer resort.
 
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