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• Combine your deposits to book an exchange you didn’t have access to before*
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
Ok, I'll bite -- what do you find humorous in that? Is that not a true statement? I thought the new system allows someone who had several "dog" traders to now combine them to get a nicer property that they would never have access to before this new system. If I only owned those "dog" traders, I might very well see this as a real benefit.
Now maybe I'm missing something, so please enlighten me -- I am going by what I have read here in passing. I only own HGVC so I don't interact with RCI directly (only through Hilton's corporate account), and nothing has changed for HGVC owners in how we trade, or how many HGVC points it costs us for an RCI week.
Kurt
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JLB
Please excuse me, I'm a Dick. Not a moron just a Dick
I guess you haven't heard that all 16 of our most recent exchanges, ones we got with one deposit, now take two.
So, it should read . . . combine deposits to get the exchanges you used to get for one.
Funny?
Laughing?
- - - - - -
New info . . . I just checked our first 46 exchanges, most of them obtained with much worse deposits than we now own, and most of them off-season. With our better deposits now we can only get 27 of them with one deposit.
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
The six exchanges that we do in a year come out of only two ownerships now. I have a glut. Have to sell off weeks that I bought for a buck and free closing. The ones that generate TPU's at 10 a pop.
Am I laughing? Yeah baby! To the bank!...and it ain't a gloat...
Comment
JLB
Please excuse me, I'm a Dick. Not a moron just a Dick
I have a glut. Have to sell off weeks that I bought for a buck and free closing. The ones that generate TPU's at 10 a pop.
Am I laughing? Yeah baby! To the bank!...and it ain't a gloat...
We have that in common. We could let three go, three RCI will never get again. I'm guessing a lot of folks have that in common.
Extrapolate what that will mean.
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
The good old days of RCI were much kinder to us dog week owners. I guess it's a good thing that we will be able to enjoy winter in Florida in our new(to us) mobile home. We'll head down next month to try it out!
Dori
Comment
JLB
Please excuse me, I'm a Dick. Not a moron just a Dick
The good old days of RCI were much kinder to us dog week owners. I guess it's a good thing that we will be able to enjoy winter in Florida in our new(to us) mobile home. We'll head down next month to try it out!
Dori
I really don't think those who have been favored have thought this through.
Out of necessity, the majority have to have been disfavored, say at an 80/20 ratio, or thereabouts. Many will be jumping ship, or, at the very least, giving RCI fewer weeks. All one has to look at is my SW FL data since 1994, where the total number of deposits for the next 24 months has dropped from over 600 to 300-ish, almost entirely at lesser resorts.
OTOH, as has been revealed here, those who have been favored also will be giving fewer deposits to RCI, because they think they will be getting better than 1-for-1.
Both the favored and unfavored have indicated they will be giving less to RCI, but the net result will likely be more favored deposits and fewer unfavored deposits.
In other words, more deposits that will be good rentals.
31 days after being deposited, after being offered as exchanges, they can be offered as rentals, producing an average of over $400 each to RCI. Then, in two years, deposits can be offered as rentals from the git-go.
Maybe you have to follow something day-by-day for 5 or 6 years to see the future will likley be.
Time has told what time will tell.
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
Comment
JLB
Please excuse me, I'm a Dick. Not a moron just a Dick
Am I laughing? Yeah baby! To the bank!...and it ain't a gloat...
We've been hearing stuff like that on these forums for more than 10 years. Enjoy while you can.
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
We've been hearing stuff like that on these forums for more than 10 years. Enjoy while you can.
I explain further. Its not about enjoying while you can. Its about maintaining a portfolio nimble enough to change with the changing times.
We don't own even one of the weeks that we started with. Always tweaked it to the cheaper option.
HGVC 14K points made sense to us back in 2000. It did not in 2006-07 when cheaper options were available. Dumped them at a $1000 loss apiece but who cares. Have made it up with the rentals over these years. Bought a wyndham...sold a wyndham...
Long story short, the following rules helped me in the past 10 years. They are opposite of what will be told here and the other forum. And they are listed by priority.
1. Buy what you can sell again. Nothing lasts forever. Got to have an exit plan.
2. Buy to trade, not to use if you want to keep costs low. Too many trade options to choose from.
3. Location does not matter. Trading value does. Two of mine are in Branson.
4. Keep closing cheap or at nothing. Keeps Option 2 easy. Slam dunk in this market.
5. Set ongoing searches years out. Even if II/RCI rent, they gotta put it in the trade bucket sometime. Be in line to pick it up when it does.
Comment
JLB
Please excuse me, I'm a Dick. Not a moron just a Dick
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
3. Location does not matter. Trading value does. Two of mine are in Branson.
In that case, you must not be asking for much in trade or getting much to rent.
The top resort, Big Cedar peak summer, only gets 31, and a run-of-the-mill Branson Gold Crown summer gets 22. Off-peak gets 8-14.
4th of July Week
Maximum Trading Power 31
Current Trading Power 31
Week 28
Maximum Trading Power 22
Current Trading Power 22
Week 10
Maximum Trading Power 10
Current Trading Power 10
Maximum Trading Power 8
Current Trading Power 8
It would take a Big Cedar 2-bedroom cabin or a 3-bedroom Wyndham 4th of July week to get a crappy motel-conversion studio on the beach in Snowbird Season.
Studio 4 (2) Full Sat 28-Jan-2012 Sat 04-Feb-2012 Exchange Fee 25
But not a 2-bedroom:
2 Bedrooms 6 (6) Full Sat 14-Jan-2012 Sat 21-Jan-2012 Exchange Fee 35
Caveat emptor, if anyone takes your post as advice to buy in Branson to exchange.
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
I wrote up a detailed post with my ownerships and then cancelled it. A wise lady once told me.. loose lips sink ships...
Originally posted by JLB
In that case, you must not be asking for much in trade or getting much to rent.
This is a post from 2006. And these are RCI/SFX trades till then. The FSA's were bought after that. So the II trades are not included. Nor are HGVC internal stays...They may not be top tier but I am not complaining. Was still learning the ropes.
The top resort, Big Cedar peak summer, only gets 31, and a run-of-the-mill Branson Gold Crown summer gets 22. Off-peak gets 8-14. Caveat emptor, if anyone takes your post as advice to buy in Branson to exchange.
Here in lies the difference between your approach and mine. By default, your first choice was to buy was Big Cedar. Great Resort. My top three choices to stay out there if I ever go to Branson. But I would never buy there.
Rule 2: Buy to trade, not to use if you want to keep costs low. Too many trade options to choose from.
I'll lay out one of my cards.
Resort: Palace View (4067) Rating: II 5* and RCI GC Cost: $1 with Free closing Maintenance Fees:: 475 with less than 3% increase any year for a long time. RCI TPUs: Lock-off a summer week and it will provide a sum of approx 45+ TPUS at $10.5 a pop. Figure out yourself what can be bought for 45 TPUs RCI Points: Paired with another el cheapo dinky points membership, each lock off provides 39.5K points or 79K at 0.6c per point. Ownership is elastic as I can choose to increase or decrease by PFD'ing or not. II: Decent but not top tier trader. Can see Marriott Aug weeks in HH as a trade comparison. Priority: Carries Spinnaker priority in RCI/II. RCI is long gone because of the Nov 15 change. Best RCI trade with it was a smaller side 1Br for a 3Br Waterside in summer. Not a shabby trade. Rent: Summer holiday week conservatively rents for $800. My base is $235. Never rented this one but you can see the margin I can undercut to recoup my cost.
And if it matters, this is my level 3 trader. First and second are cards held close to the chest.
Comment
JLB
Please excuse me, I'm a Dick. Not a moron just a Dick
That's a little better than letting newbies think they can just buy in Branson and trade anywhere, any time.
Save that spiel for the sales weasels.
Speaking of loose lips sinking ships, did you hear the Branson Belle got blown aground? They had to clear trees and build a road out to it to get people off. 600 were on it from 4 PM til the next morning.
Also, funny that you mention PV, cuz my MIL bought a package/tour to there for $159. Her other half has passed away and they won't let her have her money back. She can't use it because she doesn't qualify any more.
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
Comment
JLB
Please excuse me, I'm a Dick. Not a moron just a Dick
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
Comment