Well, that part of the post is definitely true!

The rest is just a crapshoot. I have used cat 7 Stay Anytime award when the hotel was having a $150 weekend special. Poor value for points? Well, I had a great time and I kept several hundred dollars in my pocket so it was priceless.

For those with only 50,000 points in their account and potentially two vacations coming up, it would be very prudent to use the points at a more expensive vs. point property. This does not put any absolute value on the points, however.

Some people here treat their points as a "bank" and manage it as some kind of asset fund which is silly for the reason in the quote.

Asking this question is like asking, "What is the value of an unredeemed lottery ticket?"