vpplayer
TUG Member
- Joined
- Aug 5, 2010
- Messages
- 54
- Reaction score
- 32
- Points
- 228
- Location
- Dayton Oh
- Resorts Owned
- MVC Ko Olina OV (deed)
We have annual deeded 2-BR OV at MKO and like many others, will typically split our 2BR into Studio and 1-BR to get two consecutive weeks (always stay at our home resort) . We did so for our Oct 2020 reservation and at the deadline for late deposit made the informed decision to take the risk and press ahead the reservation as it appeared HI was going to loosen the travel restrictions. Not too long after that it became obvious that HI COVID restrictions would continue, so we reluctantly canceled and late deposited in II (with Oct 2022 expiration, which I believe I could pay to extend), without a lot of hope for anything close to equitable, especially given the less-than 60-day limit to search and lock in the exchange in II.
It's even worse than I thought. I constantly search II exchanges and find nothing of comparable value, that is, of the few properties that are available, most are not that desirable (off season). So far, I have not found any exchanges that aren't also available at getaway prices.
It was a risk I took so I'm not blaming MVC nor II, but it is perhaps illustrative that the trading value of a locked-off units even at a higher-end resort seems to virtually destroy trading value within II.
So be it. Now i have two deposits in II to use, and if anyone has advice or a tip to optimize usage of the two, I will definitely listen. I don't have high hopes, but I did want to share my experience perhaps as a cautionary tale.
It's even worse than I thought. I constantly search II exchanges and find nothing of comparable value, that is, of the few properties that are available, most are not that desirable (off season). So far, I have not found any exchanges that aren't also available at getaway prices.
It was a risk I took so I'm not blaming MVC nor II, but it is perhaps illustrative that the trading value of a locked-off units even at a higher-end resort seems to virtually destroy trading value within II.
So be it. Now i have two deposits in II to use, and if anyone has advice or a tip to optimize usage of the two, I will definitely listen. I don't have high hopes, but I did want to share my experience perhaps as a cautionary tale.