Original Message:
Re: Ripoff - Marriott Vacation Club Destinations Program - New Point System (by Den):
I agree that Marriott should be buying up resale units due to the low offering prices "and" their first right of refusal. However, I don't know that this is happening much. I suspect this is delayed until they sell enough points to cover the inventory on hand at the beginning of the Destinations program. There was a substantial inventory; and, I suspect these were not prime weeks or locations. All weeks are not equal.
I would be interested to see where Marriott is exercising the first right of refusal. I suspect it is only at the prime properties where the trust lacks inventory. Is anyone seeing any activity in Destinations buybacks?
I did buy some of the VAC shares to try to monitor this.