UDI points

[Giselherr]

I wasn't being intentionally vague.

I don't know who you're being so vague about.

There are people that are very high on a product that is called UDI. That is a UDI at Bluegreen's Christmas Mountain Village in Wisconsin and Shenandoah crossings in Virginia. These ownerships are not what is being discussed with respect to FF and Sunterra, these ownerships allow you to have multiple and numerous reservations at any one time and a new reservation as soon as you check-in for one on the books. They allow one Red week (or portion thereof) and two other weeks (White and/or Blue) and one additional week any color booked within a 45 day window. You can make many, many reservations with these and rent them or turn them into PFD. you can also cancel them last minute! A very neat program if you learn how to work it.

If you're talking about me and Sunterra, the UDIs are just a way to base point packages, the large ones are great, the small ones that were sold usually as a cost of putting some other unit into points are utterly worthless.

I just saw a thread that mentioned UDI ownerships in a very favorable vein, but I couldn't remember who it was (although I do know it wasn't you). I was still trying to figure the whole thing out (spent a couple hours reading the Yahoo FF group) when this thread started up.
You explanation of that particular program sounds kinda familiar, that may be what I had seen.

 

[Jya-Ning]

UDI and float week are hard to monitor if you have a county office that don't care about it. If they care, UDI is much eaier to track then floating week.

Come to think of it, I have no idea how local government can make sure it is not oversold. a 500 unit will possible have over 25,000 deeds. Maybe someone can share the light.

Thanks

Jya-Ning

 

[CaliDave]

This ebay ad appears to be one of those worthless UDI's


click here EBAY


Is this also 2500 Sunterra Points? Will the buyer have to spend $3K joining Sunterra?

 

[timeos2]

Looks like one

It would appear to be. The points won't be "repatriated" into Club without the fee (last I head it was $2900) - and the three days worth of use, if you can even reserve that, would be only at the resort the UDI points are based. Even if they paid the $2900 by themselves 2500 points doesn't get anything in Club either. I would have to say another worthless "ownership".

 

[Robnsunny]

The problem with UDI ownerships is that since there is competition for various weeks, a slow owner can claim that they were shut out of getting a week at their home resort. This is the basis for the Fairfield class action law suit. I wonder if that case is still progressing. I've lost touch with it.

If you have a deeded week, you can never claim that you didn't have access to it. If you didn't book your week in time, it's only because you didn't reserve it in time.

The points availability is really no different than a floating week. I personally think the suit was baseless as I've seen availability at those resorts at peak demand for a week into the 13 month period. You don't have to call at 8:00 AM to get a unit. The window is short, but it's measured in days, not minutes.

I think the people who are suing just never learned how to make a reservation.

 

[Jya-Ning]

The problem with UDI ownerships is that since there is competition for various weeks, a slow owner can claim that they were shut out of getting a week at their home resort.

Yeah, UDI plus the trust also in theory owns part of it plus the member can use points to do other things thus the trust has to rent out the units to get real money make tracking reservation inventory almost impossible. FF as developer will never win unless they do a good bookkeeping here.

Jya-Ning

 

[brucecz]

I am going to assume that you were not trying to bait me.



Check Spences pior post on this string about CMV UDI's that may help to enlighten you quite a bit.

Bruce

What I really don't understand is that there is at least one poster on these boards, who apparently very, very highly values his UDI ownerships, but from this discussion it sounds like UDI isn't always a good deal & may, in fact, always be a bad deal depending on your own particular personality.

I'm stepping in here to avoid any further derogatory remarks. The OP has already indicated he knows nothing. Please leave it at that unless you have something constructive to add.
Ouaifer
Moderator, Points

 

[Giselherr]

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[Dave M]

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