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After my valuation calculator started working, I got a chance to play around a bit with values of some weeks in places I was familiar with. In addition to looking at my own weeks, I started playing around with looking at patterns.
While bands are good when used for the trading mechanism because they allow the flexibility to trade within a range (something RCI took away from us in this change), they are bad for setting values because they tend to overaverage among dissimilar weeks. In short valuation by specific week but trading within bands is the best combination for members while valuation by bands but trading by specific number is the worst combination for members. The old system had the former while the new system has the latter.
For the OBX the bands are as follows for valuation:
1-10
11-21
22-24
25-32
33-35
36-41
42-45
46-47
48-51
52-53
Looking at this arrangement, I can see immediately who will be screaming bloody murder. In the 11-21 band, the weeks at the high end are considerably more desirable than those at the bottom end. An owner of a week 21 is really going to be miffed at finding he has been assigned the same trading power as a blue week 11. Thanksgiving is only given a slight bump. Thanksgiving week has in the past traded like a middle red week in Weeks and was assigned the second highest tier of points in RCI Points. Thanksgiving week owners are going to have their nose out of joint. The rather large jump in points lite between week 24 and 25 is also going to upset owners of 24. The same is true of the big gap between 35 and 36. or 41 and 42 (both red). Christmas week, which is an okay week is given the same value as the deadest weeks of the year 48-50, so Christmas owners will not be happy.
All of this is something that points brings that is hugely negative, the valuation in bands and the accompanying overaveraging. I can see a lot of folks to whom other exchange companies will probably look real good. I pity the resort managers who will have to deal with calls as their members start to piece this load of horse manure together and figure out what is going on.
I also looked at some places with very low supply and huge demand elsewhere. For Allen House in London, a winter time 1BR is only 29 points lite, which is absurdly low. In summer, it is only 45 points lite for a 1BR and 52 for a 3BR. A summer 3BR in London should be at the very top of the chart. For owners of Allen House, it should be ''hello, SFX!''.
I remembered Bootleg's comments about the two places on the east coast with the biggest demand and lowest supply, Tybee Island off Savannah and the immediate Charleston area, so I took a look at those. Week 27 2BR at Tybrissa is only 31 points lite, while 1BR Isle of Palms Beach Club is only 34 points lite, both less than a 1BR on the OBX for the same week. Yes, OBX has a very good supply / demand curve in summer, but not like those two places. If I owned at one of them, I would be pressing the HOA to at least dual affiliate with II if not jump ship entirely.
Looking at several resorts, it looks like the UK generally is somewhat undervalued, and South Africa has really got whacked.
There is little doubt that despite RCI's claims to the contrary, they have definitely moved the goalposts in imposing Points Lite upon us.
While bands are good when used for the trading mechanism because they allow the flexibility to trade within a range (something RCI took away from us in this change), they are bad for setting values because they tend to overaverage among dissimilar weeks. In short valuation by specific week but trading within bands is the best combination for members while valuation by bands but trading by specific number is the worst combination for members. The old system had the former while the new system has the latter.
For the OBX the bands are as follows for valuation:
1-10
11-21
22-24
25-32
33-35
36-41
42-45
46-47
48-51
52-53
Looking at this arrangement, I can see immediately who will be screaming bloody murder. In the 11-21 band, the weeks at the high end are considerably more desirable than those at the bottom end. An owner of a week 21 is really going to be miffed at finding he has been assigned the same trading power as a blue week 11. Thanksgiving is only given a slight bump. Thanksgiving week has in the past traded like a middle red week in Weeks and was assigned the second highest tier of points in RCI Points. Thanksgiving week owners are going to have their nose out of joint. The rather large jump in points lite between week 24 and 25 is also going to upset owners of 24. The same is true of the big gap between 35 and 36. or 41 and 42 (both red). Christmas week, which is an okay week is given the same value as the deadest weeks of the year 48-50, so Christmas owners will not be happy.
All of this is something that points brings that is hugely negative, the valuation in bands and the accompanying overaveraging. I can see a lot of folks to whom other exchange companies will probably look real good. I pity the resort managers who will have to deal with calls as their members start to piece this load of horse manure together and figure out what is going on.
I also looked at some places with very low supply and huge demand elsewhere. For Allen House in London, a winter time 1BR is only 29 points lite, which is absurdly low. In summer, it is only 45 points lite for a 1BR and 52 for a 3BR. A summer 3BR in London should be at the very top of the chart. For owners of Allen House, it should be ''hello, SFX!''.
I remembered Bootleg's comments about the two places on the east coast with the biggest demand and lowest supply, Tybee Island off Savannah and the immediate Charleston area, so I took a look at those. Week 27 2BR at Tybrissa is only 31 points lite, while 1BR Isle of Palms Beach Club is only 34 points lite, both less than a 1BR on the OBX for the same week. Yes, OBX has a very good supply / demand curve in summer, but not like those two places. If I owned at one of them, I would be pressing the HOA to at least dual affiliate with II if not jump ship entirely.
Looking at several resorts, it looks like the UK generally is somewhat undervalued, and South Africa has really got whacked.
There is little doubt that despite RCI's claims to the contrary, they have definitely moved the goalposts in imposing Points Lite upon us.
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