OLCC going points????

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

It will be interesting to see how well the developer has politicked RCI for more points than this overbuilt resort deserves. A friend of mine just got back from a week at OLCC, trading into a 3BR unit with his 2BR blue Myrtle Beach week. Bootleg has told us that this and Vacation Village at Parkway are the two resorts in the RCI system with the biggest oversupply. VV at P is overpointed, so we should expect this one to be as well. Overpointed seems to try to repeal the economic laws of supply and demand, but they will catch up eventually! Since just about any blue week can easily trade in there much of the year, an honest valuation would certainly scare the developer away from points.

[shopgirl Senior Member Find all posts View Profile Close shopgirl]

Judy, not ALL exchangers are put in into the older West Village. Many are put in the newer North and East Villages (I don't know about the new River Island VIllage?) This fact has been well documented here on this board and on Tug.

However, many people prefer the older West Village one story ground unit Golf Villa duplexes. You can park right at your front door for loading and unloading (no steps or elevators to hassle with) and you have a grassy lawn and a patio. It may be true that the older West Village units don't have all of the fancy amenities of some of the newer units, such as large jacuzzi tubs, but they are clean and comfortable (or the ones I toured were).

OLCC is putting all exchangers into the West Village from now on. That is their new policy. The unit we were in was not nice, it was grungy.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

It will be interesting to see how well the developer has politicked RCI for more points than this overbuilt resort deserves. A friend of mine just got back from a week at OLCC, trading into a 3BR unit with his 2BR blue Myrtle Beach week. Bootleg has told us that this and Vacation Village at Parkway are the two resorts in the RCI system with the biggest oversupply. VV at P is overpointed, so we should expect this one to be as well. Overpointed seems to try to repeal the economic laws of supply and demand, but they will catch up eventually! Since just about any blue week can easily trade in there much of the year, an honest valuation would certainly scare the developer away from points.

Believe it or not, I agree with you. It will be interesting to see what the point values are relative to other RCI Point resorts.

This should give you an idea. I asked him what my units Global Access point values would be. Here is what he told me:

1) OLCC week 34 studio: 62,000 Global Access points. This is equivalent to 31,000 RCI Points. A studio on the generic grid is 29,500 RCI points. Only a 5% difference. Not bad.

2) OLCC week 42 3br: 177,000 Global Access points. This is equivalent to 88,500 RCI points. The generic grid is 74,500 for a 3 bedroom unit in red season. That's 18.7% difference.

I am quite sure that that a River Island 3 bedroom unit will be more.

On the other hand, I always trade my studio unit for a 3 bedroom unit. That's a 252% difference. 3 levels of upgrade. Plus add in the seasonal upgrade when I book a holiday week.

So, the trade up value in RCI weeks is far less fair than RCI Points in this example even when the variance is 18.7% off.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

OLCC is putting all exchangers into the West Village from now on. That is their new policy. The unit we were in was not nice, it was grungy.

Does Marriott ever put exchangers into 2 bedroom oceanfront units when ocean view or garden view units are available? Almost never.

Owners should get preferential treatment at resorts over exchangers. So, I believe this policy is reasonable.

When I want to stay in a 2 bedroom Oceanfront unit at a Marriott resort, I do a direct exchange with an owner or I rent one. The same should happen at OLCC.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Problem with trying to make a resort built over decades

That's it. I wish someone else just said that. It would have saved a lot of confusion.

I think OLCC did it because they found that the newer sections were more appealing to owners and exchangers. So, they found that they could extract more money out of people by doing so. For some reason, people view that negatively. I view it positively. If they tried to charge me the same amount for buying an old Golf Villa vs. a New River Island unit, I'd complain vociferously.

So, they've always had an internal resale list that had cheaper prices for golf villas vs. North and East Village. The same should be true for rentals and for points exchanges. They are worth more, now they can reflect it.

The problem with trying to make a resort built over decades into one big place. Sure it helps them keep a Gold Crown ranking for areas that most likely should have lost it long ago but it also attempts to cover up a lack of attention to the older areas by lumping them in with newer areas. This "one" resort should be at least four different resort ID's - maybe more.

I agree with Boca that we prefer the "old" Orlando resort style - two and three story buildings rather than the future ghetto look of the massive high rises. But we also want the units and grounds kept up to date. Thats where most older resorts such as Westgate Villas and perhaps OLCC fail to deliver.

In at least one case I'm very familar with (guess where) the "newer" section of the resort is actually older in unit condition. They do have a more modern floorplan but after that the features of the units are not in the same class as the "old" resort. That is a function of renovation plans. One side decided to go to a more aggressive plan while the other uses a gradual approach. But it means the older resort has newer unit features as well as the older style, low rise buildings. Both have a great location, great common areas (they share that just like OLCC) but different people may like one "look and feel" more than the other. Since they have two different ID's you know which you will get. Thats the way it should be.

Westgate, OLCC and the others that try to say all sections are the same are pulling a mini you-can-get-anything ruse on exchange guests. If they now give points traders the right to pick the section they want it is yet another reason to use points rather than week for week to get what you want in trade.

[shopgirl Senior Member Find all posts View Profile Close shopgirl]

Boca, you are not the type of person to be offended.

Boca, the question was, "do you think I can get one of the River Island units on an exchange." Or something like it. The answer is that OLCC is putting exchangers into the West Village. I think it is absolutely reasonable to put owners in the better areas. I would expect that of my own resorts. Except that is not what happens at most resorts that are still selling. I have stayed in very nice areas on my exchanges, always when the developers are still selling. I met a fellow owner at Pahio@Bali Hai who was bumped from her confirmed unit into one of the oldest units. She was not a happy person, having paid $26,000 for her week two years before. I think she should have the better unit over an exchanger. She saw the people coming out of her "confirmed" unit and asked how they liked it. They said they didn't even ask for a new unit and were so surprised that it looked so much better than the pictures on the website. Yay for them.

That means if I decide to buy an OLCC unit in the least desirable area, I can stay in a better area. I wonder if you can bump up more than one area. Or maybe West Village owners can only go to the North Village and the North Village owners can go to the East Village, and then of course the East Village owners can go to River Island. Do you think an owner can skip a few "classes" and go all the way to River Island from one of the lowlier areas? Moving on up to the East side. Just like the Jeffersons.

The problem with OLCC is that they really have an undesirable area. If they really are going to keep to a policy of exchangers only in the West Village, they should expect their GC status to drop. I do not ignore my RCI comments cards. I send every one of them in and so do many others.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Boca, the question was, "do you think I can get one of the River Island units on an exchange." Or something like it. The answer is that OLCC is putting exchangers into the West Village. I think it is absolutely reasonable to put owners in the better areas. I would expect that of my own resorts. Except that is not what happens at most resorts that are still selling. I have stayed in very nice areas on my exchanges, always when the developers are still selling. I met a fellow owner at Pahio@Bali Hai who was bumped from her confirmed unit into one of the oldest units. She was not a happy person, having paid $26,000 for her week two years before. I think she should have the better unit over an exchanger. She saw the people coming out of her "confirmed" unit and asked how they it. They said they didn't even ask for a new unit and were so surprised that it looked so much better than the pictures on the website. Yay for them.

That means if I decide to buy an OLCC unit in the least desirable area, I can stay in a better area. I wonder if you can bump up more than one area. Or maybe West Village owners can only go to the North Village and the North Village owners can go to the East Village, and then of course the East Village owners can go to River Island. Do you think an owner can skip a few "classes" and go all the way to River Island from one of the lowlier areas? Moving on up to the East side. Just like the Jeffersons.

The problem with OLCC is that they really have an undesirable area. If they really are going to keep to a policy of exchangers only in the West Village, they should expect their GC status to drop. I do not ignore my RCI comments cards. I send every one of them in and so do many others.

Cindy,

I wasn't offended and I didn't mean to be offensive. Just sharing a point of view. Actually, despite the policy statement, I believe it is possible to get into River Island on exchange. Watch, we'll find some people posting that they were able to do it. I think policies are just there as guidelines. Common sense will always rule in the end.

You know, I exchanged into Sedona Summit and they put me right in a unit with the Red Rock views. I'll bet they did it because they wanted to sell me. I wondered why I was able to get it. Your theory makes sense.

I think the policy statement was that owner referrals got into River Island. That's kind of what you mean.

Who knows what the policies actually are. Maybe they just randomly assign units. That would be more probable. Certainly easier to do. We'll have to wait and see.

[shopgirl Senior Member Find all posts View Profile Close shopgirl]

I would bet those units on So. Magnolia Ct. will be updated to large whirlpool tubs instead of those regular old things. I remember thinking there was plenty of room in the bathroom for a tub for two, but they skipped the opportunity. That seemed strange at the time we visited. Perhaps those units will be very desirable for exchanges at some point.

Didn't you just get an ocean view on a Cayman Island somewhere recently? Was that an exchange or do you own there?

Whatever OLCC does or does not do, I won't be there anytime soon. Our twenty-seven-year-old son Josh and his friends are going to enjoy River Island at OLCC in a three bedroom unit for 7,500 points very soon. I won't be able to visit for another three years. Oh well! I have a lot to choose from.

I just did a search with my little ol' blue week and pulled 52 different resorts in Orlando, many of them are GC. There is a definite absence of Vistana on RCI. What is the deal with that one? I guess II has all of their business now.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

For all of the resorts on the OBX, whatever unit the member deposited to the exchange company is the unit the incoming exchanger gets. Exchangers are not shifted to lesser units.

A policy of shifting incoming exchangers actually hurts the members at the home resort who own to exchange. An incoming exchanger given a lesser unit is often going to give lower numbers on the VEP report and that hurts the resort's trading power. That is not fair to the owners at the home resort who primarily exchange. It is giving members who own to use preferenial treatment over those who own to exchange.

Does Marriott ever put exchangers into 2 bedroom oceanfront units when ocean view or garden view units are available? Almost never.

Owners should get preferential treatment at resorts over exchangers. So, I believe this policy is reasonable.

When I want to stay in a 2 bedroom Oceanfront unit at a Marriott resort, I do a direct exchange with an owner or I rent one. The same should happen at OLCC.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

A blue week just about anywhere will trade into OLCC in a system based on supply and demand. An equivalent value of one of those blue weeks is what the market says OLCC is worth as an exchange. These numbers are substantially higher than the numbers for those blue weeks. OLCC is clearly being grossly overpointed, as seems to be the clear pattern for overbuilt areas still in developer sales in RCI Points. Point values in RCI Points are set by politics between the developer and RCI, not by genuine market factors.

Believe it or not, I agree with you. It will be interesting to see what the point values are relative to other RCI Point resorts.

This should give you an idea. I asked him what my units Global Access point values would be. Here is what he told me:

1) OLCC week 34 studio: 62,000 Global Access points. This is equivalent to 31,000 RCI Points. A studio on the generic grid is 29,500 RCI points. Only a 5% difference. Not bad.

2) OLCC week 42 3br: 177,000 Global Access points. This is equivalent to 88,500 RCI points. The generic grid is 74,500 for a 3 bedroom unit in red season. That's 18.7% difference.

I am quite sure that that a River Island 3 bedroom unit will be more.

On the other hand, I always trade my studio unit for a 3 bedroom unit. That's a 252% difference. 3 levels of upgrade. Plus add in the seasonal upgrade when I book a holiday week.

So, the trade up value in RCI weeks is far less fair than RCI Points in this example even when the variance is 18.7% off.

[shopgirl Senior Member Find all posts View Profile Close shopgirl]

My mistake, poor communication.

They won't be at River Island, they will be in the West Village because this will be a last-minute exchange. They will enjoy the water park, River Island. I should have clarified that better.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Some folks are not as diplomatic as we have been:

http://www.tugbbs.com/forums/showthread.php?t=29844

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Some folks are not as diplomatic as we have been:

http://www.tugbbs.com/forums/showthread.php?t=29844

Not sure which post you are referring to. It seems like a reasonable thread to me.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

For those who do not like to have their feathers ruffled, those who do not appreciate any discouraging word, it seems that posts 11, 17 and 25 would be rather harsh.

Not sure which post you are referring to. It seems like a reasonable thread to me.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

For those who do not like to have their feathers ruffled, those who do not appreciate any discouraging word, it seems that posts 11, 17 and 25 would be rather harsh.

Okay, I just viewed Perry's threads as Perry being Perry. The other guy was just frustrated. So, I didn't view that negatively.