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Resort West new points system - good deal for owners???????>?

Today (!), I came back from The Ridge having rented a studio in The Tower. It was great! I am in escrow for a 2 Bdr in The Tower. Can't wait to return. I attended the Resorts West seminar aimed at selling would-be owners and converting current owners from deeded weeks ownership into points "vacation owners". All very low key. I'd appreciate input regarding people's views on the pros and cons of converting and on how this newly implemented system is viewed by other members/owners at The Ridge. Thank you.