How many have changed their TS ownership since Points Lite?

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

Ride, have you lost your mind? : 5 or 6 points for all of Europe. Do you forget there are people who live in Europe who travel to Europe. And just because you don't like the OBX, there are plenty of people who do. I want whatever you're on shaggy

You mean different people hold different vacation locations under different 'values'?? Impossible! RCI must only agree with what value *I* put on a location!

BTW: I will now decree that all Disney Resorts are worth 60TPU's! no matter the room size!

[brucecz Moderator Find all posts View Profile Close brucecz]

IMHO RCI may change points lite like they did with the RCI Points program and gut out most of the bennies and decent or fair exchange values. We had 3 RCI Points accounts, now we have 1 for our 3 remaining RCI Points resorts. We have had as many as 4 at one time and 5 total at various times.

What RCI seems to give in good bennies most cases will be taken away as that is their MO and thier parent companies Points MO. RCI is a lot about rentals and it's stockholders and not mostlt about the RCI paying members who sulppies a fair amount of rental inventory at no cost to RCI.

We have not deposisted one single week into RCI weeks or RCI weeks for points in our last remaining RCI Points account. in about 2 years. We still have RCI Points , II and other exchange companies we use.

Because we turned 68 last year we started to reduce our about 32 ownerships down 2 years ago to about 24 after buying two especially for our vacations and not for exchanges.

Points lite had nothing to do with my down sizing, it but if something would happen to me my wife would be stuck having to manage them which she would not want to do. We will hopefully get down to a preselected 6 to 8 ownerships that are in our family trust for us and other family members,. 1/2 or more will be our Timbers UDI's.

I should have started a 4 years ago, but that is hind sight. But we have not taken a bad beating on our resales in selling them and our rental profits help out cover those.

Bruce

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

...who knows when RCI will catch on that no family(The majority of TS owners) wants to pay the money to fly to europe and drop the Points level to where it should be (IMO 5-6TPU for all of europe)

europe holds way more appeal to me than the US and I will continue to fly over the pond at least every 4 years. New boyfriend is Dutch, which will probably make the trips more frequent.

granted, I'm not generally the one going where 'everyone wants to go' and as such have no desire whatsoever to go to Orlando. But I do think there are plenty of us anxious to visit many countries in Europe. I'm just not sure that RCI will be the one providing the accomodations.

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

Sure, I get it, just wave a magic wand (or say it on the Internet) and change your ownership, make $3000 or worthless annual expense go away.

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

Sure, I get it, just wave a magic wand (or say it on the Internet) and change your ownership, make $3000 or worthless annual expense go away.

The market is a bit weak these days. When I changed my ownerships before, I was generally able to sell the weeks, even blue weeks, for more than I had paid resale for them. In this market, I gave one away rather than spend the time trying to sell it. Acquiring weeks can be cheap or even free these days, too, even many great weeks, but that does not always work. I thought I would use the bargain basement of timeshare, eBay to pick up some cheap summer OBX weeks to rent out for a profit, but after following several eBay auctions, I found they were going for $2-3K, so while cheap in the scheme of things, they were not the peanuts that would have made them attractive as rentals.

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

just saying give it away does not get it done

understand?

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

just saying give it away does not get it done

understand?

This is why i don't hate the PCC's, sure i know they're business model isn't good for ME, but god forbid i fall into bad health/lose my job/suffer financial difficulties...You don't have to be bankrupt or suffering foreclosure already to not be able to pay for your T/S, anything could happen....with the way TS's are set up now, the ONLY way out is bankruptcy, which IMO, makes a bad situation much much worse

The PCC's though not always great offer a service that is needed within this market...So does the Loan Shark, sure you don't want to use him, but if no one else will loan you the money and you mortgage is over due...you're glad he's around

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

I favor the industry taking care of it, coming up with a way of undoing what they are so experienced and expertise at doing.

Why not?

Hey, industry-types, since we know you're lurking, monitoring, take my TS's for free, and I will quit bitching about you. Surely you believe the things you tell everyone when they buy, right? So, they must at least be worth free, right? Fees are very low for TPU value.

I'll wait right here.

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

I favor the industry taking care of it, coming up with a way of undoing what they are so experienced and expertise at doing.

Why not?

Hey, industry-types, since we know you're lurking, monitoring, take my TS's for free, and I will quit bitching about you. Surely you believe the things you tell everyone when they buy, right? So, they must at least be worth free, right? Fees are very low for TPU value.

I'll wait right here.

Why blame the whole industry? One part of it is the root of your problem, RCI's major changes that kicked the props out from under HOA's and members, props that RCI itself had in some cases (like the 45 day window) built.

This thread is partly inspired by a poll you started on whether members had lost trading power or stayed the same / improved during the major valuation changes by RCI that accompanied the move to Points Lite. We know that RCI promised not to change values, only reveal them, but when experienced timesharers started comparing what they could trade for in the old system with what they could get in the new one, it became quite obvious that RCI had lied through its teeth about that.

What I heard from some OBX resorts is that they got a lot of calls from members after they took a look at Points Lite wanting out of their ownerships. It is all well and good to say that it is not an exchange company's responsibility to prop up values of off season weeks, but when it was the exchange company itself that created that prop with the 45 day window, then heavily promoted it for many years, including providing developers with promotional materials that also heavily pushed it, they acted totally immorally in suddenly decimating that system and leaving the HOA's and members who had relied on their representations twisting in the breeze.

But it is not just the off season weeks, it is also the tigers that got declawed in this shift of valuations, and the moderate traders that became bottom feeders. Your poll results showed that half of the timesharers lost value in the shift to Points lite, in that they could no longer do an even trade to things that they could before Points Lite. That is a huge shift.

What I am trying to bring out in this thread is what timesharers have done in response. Those who came out okay on the new valuations probably did not do anything, and that is half of members. Some may have sold weeks that got clobbered by RCI and bought new ones that were the new tigers, at least for the immediate future. Others, such as myself, have moved from using RCI some to using RCI none, coupled with giving away one week.

I recognise that this is also a problem for HOA's. Members such as yourself were reasonably happy in the old system. While you did not know an exact number to put on your trade value, you knew from experience with the system what it would trade for. Now, you know a number but you find that the number means it no longer trades for what it used to, so you are no longer happy. Since others who exchange at your resort find themselves in the same boat, that makes selling ownerships there particularly challenging; with a lot of people wanting to sell, and buyers looking at the points lite allocation and turning up their nose.

RCI created this mess for both resorts and owners, but don't expect them to care.

The key to my being able to give away my week were 1) a buyer who had experienced timeshare and liked it, 2) who had experienced timeshare on a DAE exchange from a friend's guest certificate and was familiar with how DAE operated, and 3) who could look on DAE's site and see that DAE would function for him to get trades he was interesting in doing. And the low m/f of SA and free membership of DAE also helped.

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

The key to my being able to give away my week were 1) a buyer who had experienced timeshare and liked it, 2) who had experienced timeshare on a DAE exchange from a friend's guest certificate and was familiar with how DAE operated, and 3) who could look on DAE's site and see that DAE would function for him to get trades he was interesting in doing. And the low m/f of SA and free membership of DAE also helped.

And this is how I've been able to give away my units as well.
There is more to TS life than RCI and if you show people that there are other free alternatives that they can use to trade when they aren't using their unit then many see this as a positive. I've given away units that appeal to people like me who live near these resorts and can appreciate a nice staycation at a beach place.

If they decide not to use their week then DAE, SFX, PI and TPI will take those weeks without a yearly membership commitment. It's nice to have options.

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

Why blame the whole industry? One part of it is the root of your problem,

Usually you are spot on, but since this post started so inaccurate, I did not read the rest.

You know the industry as a whole has never and does not provide an exit strategy. I have tried for close to 20 years to find a resort, developer, HOA, etc., that helps owners get rid of unwanted weeks. You know that it is the fact that so few do, and the lies about the appreciating values, that give resale and post card companies the opportunity to do what they do.

If an exit strategy was part of the industry, those scams would not exist.

How could you be so far off when you are normally so far on?

This is one problem I do not blame on RCI, although RCI is the reason our ownerships are no longer of value.

I know a few sold-out resorts that have a resale program, some even a resident RE agent, and prices are realistic. If some can, why not others . . . unless doing so would reveal their lies?

As you know, since we have shared for so many years, I/we have given weeks away to charity, but now even that has dried up since they don't want them for the same reasons we don't them, because they are money-draining liabilities. I even sold some Wastegates at one time, a time that might be referred to by some as the good ole days.

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

The world's first timeshare developer, Hapimag, has always had an exit stratey, from day one. After someone has owned a certain period of time, they will buy back their week for a set percentage of the then current list price. I would agree with you that all developers with a continuing operation should have some exit plan, even if it is just taking the week back free.

As to sold out resorts, there is a different issue. The developer is gone, so they are not around any more to take a week back and resell it. The HOA is often not set up to do so, plus HOA's are organized as non-profit corporations and that has some limitations on what they can do. HOA's should help members who need to sell their weeks by pointing them in the right direction, but an ongoing announced take-back and resale program may run afoul of their non-profit status. On the OBX, most sold out resorts when I was active there would take deedbacks if a member called them but none ever announced such a policy. Most also had active programs to resell HOA owned weeks, whether from foreclosure or deedbacks. In fact, at the resort where I was on the board, I spent several years with HOA resales as part of my board portfolio.

At present I own at three resorts in three countries, and all three of them will take deedbacks. The fact that all three are member-controlled is likely a big factor in that. Still, when I was ready to let go of a week, I felt better about getting it into the hands of a new owner myself than sending it back to the HOA.

Usually you are spot on, but since this post started so inaccurate, I did not read the rest.

You know the industry as a whole has never and does not provide an exit strategy. I have tried for close to 20 years to find a resort, developer, HOA, etc., that helps owners get rid of unwanted weeks. You know that it is the fact that so few do, and the lies about the appreciating values, that give resale and post card companies the opportunity to do what they do.

If an exit strategy was part of the industry, those scams would not exist.

How could you be so far off when you are normally so far on?

This is one problem I do not blame on RCI, although RCI is the reason our ownerships are no longer of value.

I know a few sold-out resorts that have a resale program, some even a resident RE agent, and prices are realistic. If some can, why not others . . . unless doing so would reveal their lies?

As you know, since we have shared for so many years, I/we have given weeks away to charity, but now even that has dried up since they don't want them for the same reasons we don't them, because they are money-draining liabilities. I even sold some Wastegates at one time, a time that might be referred to by some as the good ole days.

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

So, I can give our weeks to HappyMag or one of your three resorts?

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

just saying give it away does not get it done

understand?

that's why you have to use the magic wand, too.

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

I will not say what I want to say.