Did I get ripped off?

[RyanBuckner]

5 years ago I bought Fairfield Resorts 66K points/ yr for about $7K when I fell for the big 90 minute talk. Now I see that on eBay I can buy 500K points per year for $5K.

Have the points gone down in value that much or did I get ripped off?

 

[Bill4728]

Most TS you try and sell will be about 40-50% of what you paid from the developer. BUT, FF/Wyndham has a really low resale value. The average resale price for FF pts is about $10/ 1000 pts.

Did you get ripped off? NO, but buying from the developer is almost always a bad deal. IMHO, with FF is a really bad deal.

 

[tlsbooks]

5 years ago I bought Fairfield Resorts 66K points/ yr for about $7K when I fell for the big 90 minute talk.

Hopefully you have enjoyed 5 years of wonderful, memorable vacations and have many more planned.

After 5 years, worrying about being "ripped off" is fruitless. Most of us bought our first time share from a developer and have discovered that we probably paid more than we would have liked to...but there's that whole "spilled milk" thing.

Learn to maximize the use of what you have and educate yourself so next time you purchase, it won't be at developer prices.

 

[lprstn]

Hey you are feeling like most homeowners now. My mother in law purchased her house 2 years ago and her builder is building her model for $50K less than she purchased for...oh well. Can't change that so she is enjoying her home.

 

[Talent312]

My wife works for a home-construction company that just sold a house for $90K less than the "official" price used to be. This model sold like gang-busters at the higher-price up until last year and the folks who bought then may be kicking themselves. The R/E market is not within its control, however, and at this point, the company is just trying to survive. Them's the breaks.

 

[RyanBuckner]

Thanks, this makes me feel better.

 

[AwayWeGo]

Past Tense Rip-Off.

Have the points gone down in value that much or did I get ripped off?

It's not so much a total rip-off as a case of timeshare sellers taking advantage of people who have not yet found out that there's no difference between "new" & "used" when it comes to timeshares. So people can hardly be blamed for paying big bux for "new" timeshares instead of getting exactly the same thing (or equivalent) "used" for nickels on the full-freight dollar. I mean, who knew ?

In your case, that's far enough back in the misty recesses of the past that there's no need to feel bad about it retroactively.

Might as well just enjoy using what you've got & move on.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[topcop400]

I'd look at it this way:

You got out of there with only a small package of points. Kudos to you. You MUST have said "no" at least three times! It could have been MUCH worse.