RCI Weeks to offer value transparency - Finally!

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

You have it exactly backwards. One of my main areas of concern is that RCI fully make transparent exactly how the numbers are established so that developers cannot collude with RCI to rig the system. The only way to do that is to reveal the formula for setting numbers and the data behind it, specifically the supply / demand data. Why do you make excues for RCI probably not doing that if you are really for transparency as you claim. Or is it that you are mainly just ''for RCI''?

Your purchase from a vendor analogy is a phony ''apples and oranges'' comparison. How somebody prices their own goods is a very different thing from how an entity which is in effect a third party broker arbitrarily sets values for goods of individuals who want to go through its system.

The majority of what I own right now is in Europe and at rated resorts. Those resorts almost never pop up in RCI's availibility online in any season. They trade well, as I own prime season weeks there as well. If I see some overbuilt area where there is tons of availibility all the time given trading values anything more than a small fraction of such European resorts, I will know that RCI has cooked the books. Ditto my prime summer week at an oceanfront OBX resort, which is almost as hard to find in summer.

What concerns me is that RCI will get away from supply and demand in their numbers racket, just as they have with RCI Points. If they do, they very simply will have a fraudulent system. The info that they will give extra value for a resort being rated is one warning signal that they are not going to base these numbers on supply and demand but to put their thumb on the scales. Being rated is NOT what is important. Many rated resorts have a much worse supply / demand curve than many unrated resorts. The supply / demand curve is the ONLY thing that matters. What extra demand a resort gets from being rating, and certainly there is some, is already a part of the supply and demand curve. When they make it a seperate factor, they are double counting that aspect which is unfair to all other resorts. Location is a much more important driver of demand but it, too, should not be double counted by being made a seperate factor.

I get it. You don't believe it's a good idea to give out information that shows when RCI is goosing values in favor of developers.

I get it. I don't understand how that's an advantage, but I do understand that is what you believe.

++++++

For myself I look at it this way.

When I buy steaks, what interests me are the prices the store has for its steak. I really don't care that the "mechanism for setting them [isn't] totally transparent". And I'm pretty sure that almost everyone else who is out shopping for steaks feels the same way.

Not only that, I'm certain that none of us gives a damn if the grocery store has cut some back-alley deal with an outfit such as the Black Angus Stockmens Trading Association of the Roanoke Delta that results in the store overpricing steaks produced by from cattle raised by BASTARDs.

If that BASTARD steak is overpriced, I don't buy it. I simply get my steaks someplace else. Others who feel as I do will do the same. Some folks who think BASTARDs are cool will pay the premium, but if the price for being a BASTARD is too high, the store is going to be stuck trying to figure out what to with a bunch of rotten BASTARDs

I utterly fail to see how it's any different with RCI. I utterly fail to see how knowing what a unit is worth before you deposit it with RCI in an way, shape, or fashion is a disservice to owners.

With values exposed, I fail to see why anyone should worry for one moment about favorable treatment for developers. If RCI overvalues weeks in a sweetheart deal with developers, what will happen is that the people who hold undervalued weeks will take their business somewhere else, leaving RCI holding a surfeit of overvalued weeks. In fact, that's already happening; having published data can only increase the flight as it becomes even more apparent when RCI is failing to adequately value someone's week.

That will pooch RCI, while the truly valuable weeks migrate to other exchange companies where the owners get value.

*******

Actually, perhaps the best thing in the world that could happen for independent exchange companies is exactly this - to have RCI publish trade values in this while goosing the system to artificially overvalue developer weeks and undervalue the truly valuable weeks. Whether or not the system is transparent is irrelevant.

All people need to know is what they can reasonably expect if they deposit a week. Knowing that they can start to comparison shop and deposit their week wherever they think they will get the better deal.

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

Thanks John!

Paul, find out what you can about this guy.

Wowsers. How can they do this and still be Rents Condos Instead?

They still will not divulge the FORMULA.

Most major developers are into points these days which provides transparency, they no longer have the problem of pushing those BLUE weeks. They can lie at their presentations and sell a tiny package that won't do much, it's the same thing. Marriott is with II, are there any other MAJOR developers that don't have a points product?

I have three properties that I routinely put into RCI. They see almost EVERYTHING that anyone can see in RCI, I suppose that they will continue to do so meaning they will have the highest value. The relatively 'new' # of trades available confirmed the power of these weeks or any week with a quantitative number. The 23 white and blue weeks that I used to own in South Something that used to all see ALL Manhattan Club weeks on a bulk bank will now probably have to all be combined to get any decent week, doesn't matter, they were sold before the crash in USA timeshare secondary markets, in the US financial market, and the SA valuation market.

Conclusion - I think it's great and a good fallout from the suit, but RCI is still in bed with the developer and will find new/better ways to make money off the backs of the timeshare owners to the benefit of themselves and the developers.

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

A few questions to get others' feelings . . .

What about if disclosure does not include sales prospects, so that the go anywhere, any time implication continues?
- - - - - -
How do you feel about being able to see what you can't get? Along with that, how would feel about being able to use multiple deposits to trade up, or the deposit plus cash model we've seen experiemented with? (I have been doing deposit-plus for 11 years, and have gotten some of our best trades doing so.)
- - - - - -
How do you feel about an industry that has hidden so much for so long, and used that to their advantage, to be relied upon to be sincere now?
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How do you feel about the millions of timeshare owners who been convinced to spend billions of dollars to purchase timeshares by insincere representations, some of whom will soon discover, if they have not already (referriing to 5/30 adjustments which are part and parcel of the changes being rolled out), that they no longer can use their timeshares to go where they have been for years, or that they will have to ante up more to do so?
- - - - - -

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

I have three properties that I routinely put into RCI. They see almost EVERYTHING that anyone can see in RCI

OK, I need your feedback.

Using the All Deposit method of searching, what #s do you see for the next 24 months for:

***Total exchanges:

***FL/SGC:

***FL/SGC, January 2012:


Gracias!

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

I would like to say to the ranters and whiners, with a not so easy pat on the back, thanks.

We will have to wait to see if changes are meaningful, but they would not have come about without the Vocal Minority.

This should be an encouragement to those who point out the unfairnesses and shortcomings, to continue to do so for everyone's (hopeful) benefit.

I have another question to ask, but feel that's enough for now.

[odaddy Gold Contributor Find all posts View Profile Close odaddy]

I heard last month from the manager of a resort I own that RCI was going to go through and give each individual week a rating, that seems to follow exactly what was announced here. No more shoulder red weeks.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

I heard last month from the manager of a resort I own that RCI was going to go through and give each individual week a rating, that seems to follow exactly what was announced here. No more shoulder red weeks.

Just curious, what resort?

And it does confirm what OP said.

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

I heard last month from the manager of a resort I own that RCI was going to go through and give each individual week a rating, that seems to follow exactly what was announced here. No more shoulder red weeks.

My information is that that has already happened, the key being each and every week (as hard as that is to believe) along with other information concerning that.

Let's call it fine tuning. Extreme fine tuning.

I believe what some are suggesting here is that you cannot trust the fox to make an accounting of how many hens there are in the hen house.

Gosh, some of you sound sooooo negative. Why can't y'all just trust in all these positive changes?

[shaggy Moderator Find all posts View Profile Close shaggy]

Well, I guess I'll loose all my incredible exchanges from my not so great weeks. I'm going to MB Tues and did not want to go to a ts presentation, but I may do it just to find out what the sales men say. shaggy

[odaddy Gold Contributor Find all posts View Profile Close odaddy]

My information is that that has already happened, the key being each and every week (as hard as that is to believe) along with other information concerning that.

Let's call it fine tuning. Extreme fine tuning.

I believe what some are suggesting here is that you cannot trust the fox to make an accounting of how many hens there are in the hen house.

Gosh, some of you sound sooooo negative. Why can't y'all just trust in all these positive changes?

I agree with you, I believe with my resort it already happened last May, they are just going to show what has already occurred.

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

I believe with my resort it already happened last May

It happened across the board last May, I suspect. But, I'm guessing that right now you can "reach up" a little bit---so a 54 might be able to get a 56, or even a 57. With a credit-like scheme, you'll need to come up with the extra 2-3 credits somehow. On the other hand, if you "trade down" for a 52 or a 51, you'll have 2-3 credits left over.

[rapmarks Moderator Find all posts View Profile Close rapmarks]

JLB, I am curious, you said you have been doing exchange plus extra payment with RCI for years. I did not know they did that. Are the weeks you get inSouthwest Florida under that system? Which trades did you do that way?

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

From information on a European t/s board that came from a management company, the scale with be 1-60 in increments of 1, and the system will be rolled out in November.

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

So just when I finally start understanding exchanging all the rules are going to change. Ay ya ya!.

This is getting to be alot of work.

[logan115 Senior Member Find all posts View Profile Close logan115]

From information on a European t/s board that came from a management company, the scale with be 1-60 in increments of 1, and the system will be rolled out in November.

So 7 months of living in limbo

When you talk about it being rolled out in November, are you talking about it being operational and implemented, or just officially communicated ?

Thanks,

Chris