Is it an exchange company or a rental company?

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

So here is how they summed it up, in the opening summary at RCI Holiday network UK:

So, if you are looking for a quality product, backed by an organisation that is one of the leading holiday rental providers, then RCI has a solution for you.

The underlining is mine.....interesting to find out it is a holiday rental provider...isn't it.

The link is here

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

You have other post http://www.timeshareforums.com/forum...-isnt-lot.html. If it is true, there are 36 B rental market that reported by real estate agent. And RCI today is dominated in TS exchange, with 3 M members, each one has currently 2 week, the max market for exchange is 600M business. but rental market if get 10% commision, and get 50% market share will be 2 B. Close to 3:1 ratio. So the question is why not?

Jya-Ning

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

From an exchanger point of view, the question is now, in what condition will you feel comfortable to give out your week that intend for exchange to a company that also in the mix of rent out the business.

Jya-Ning

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

You have other post http://www.timeshareforums.com/forum...-isnt-lot.html. If it is true, there are 36 B rental market that reported by real estate agent. And RCI today is dominated in TS exchange, with 3 M members, each one has currently 2 week, the max market for exchange is 600M business. but rental market if get 10% commision, and get 50% market share will be 2 B. Close to 3:1 ratio. So the question is why not?

Jya-Ning

Because in pulling the wool over the eyes of trusiting exchange depositors, they are obtaining their rental inventory, or at least a signifciant portion of it, dishonestly. Consumers need full disclosure, but then that would kill RCI's golden goose. We are the goose and we are being plucked.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

From an exchanger point of view, the question is now, in what condition will you feel comfortable to give out your week that intend for exchange to a company that also in the mix of rent out the business.

Jya-Ning

RCI = Rental Codominiums International

What is needed is to amend state timeshare disclosure laws to require exchange companies to provide extremely deetailed rental disclosures to developers that must be given to purchasers. They already have to give exchange disclosures, and this would just update the law to follow what exchagne companies are doing. If developers had to give those out, I would bet they would howl loud enough to cause RCI to reform its fraudulent practices.

You answered my question in other thread. Boca has similar idea ( Reform needed: Lack of transparency in exchange companies - TUG Bulletin Board ), and ask for detail disclsoure. Although I believe the stuff that he asked will be totally different than yours.

Of course, been a curious person like I am, my next question will be what kind of exterme detail rental disclosure should be there?

Athough I don't believe too many buyers will actually go through the disclaimer in detail on time to rescind, but it is a good start, and since everyone can try to influence the local government they lived in, it can be approached.

Personally, I would rather have full disclosure of how many deposit done in detail on each region and how many request on each region by the exchange company. But I believe you and Boca has thought this in detail and will have a better metrix. Or you will just have a sentence that RCI is mainly a travel service company, one of the side business is exchange?

Jya-Ning