Carolinian
TUG Member
When RCI is shortchanging depositing members in this way, it is a likely sign that this is an area where they are renting out exchange deposits to the general public. It would appear that the number of points lite given for deposits is what RCI would claim as the ''value'' to balance the system in any new class action, so it benefits them to depress the areas where they are renting. Similarly the inventory they feed it to the system from developer bulkbanks to ''balance'' their rentals will be overpointed. It is not supply and demand of members that sets numbers but what justifies RCI's actions in its rentals.
And, yes, HHI is one of the areas that is screwed in the Brave New World of RCI Points Lite.
And, yes, HHI is one of the areas that is screwed in the Brave New World of RCI Points Lite.
I just noticed something really strange too. I recently sold my timeshare at Waterside by Spinnaker in Hilton Head. We don't go every year and RCI only gave about 30 TPU for summer weeks for close to $700 MF.
Today, I noticed the TPU required to trade in jumped. Here are a few examples of the higher TPUs
2 Bedrooms 6 (6) Full Sat 30-Jun-2012 Sat 07-Jul-2012 41
3 Bedrooms 8 (8) Full Sat 08-Sep-2012 Sat 15-Sep-2012 42
2 Bedrooms 6 (6) Full Sat 26-May-2012 Sat 02-Jun-2012 41
3 Bedrooms 8 (8) Full Sat 21-Apr-2012 Sat 28-Apr-2012 41
I went and used the deposit calculator to see if there is any increase in TPU given to the owners. Here is what I found for the four weeks listed here
35, 22, 23, 26 TPU. The TPU values I used here are the full values, the actually TPU value the owners will receive is lower since all four weeks passed the 9 months checkin mark. I can understand RCI changes the TPU values based on supply and demand. They could ask for a higher value than they gave after receiving a deposit. But how do you explain continue to offer owners half of the value that they currently ask for?
By the way, this discrepancy is new to Waterside. I monitored the TPU values before I sold. Even though there were rarely any summer weeks available for exchange, the values were in line with what deposit calculator shows when a week popped up occasionally.