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As deeded owners we have it made. We can still get to where we purchased -- which for a huge percentage of us is where we want to go most of the time. And we can continue to trade weeks with II. And if we have the option of purchasing into the vacation points program. How about those new owners who can only purchase points. Good luck on getting into Grande Ocean or other high demand locations during peak periods when a large percentage of owners actually go there. In addition, to get to Newport Coast one would have to pay about 43K to get enough points to go there in the summer plus a mtce fee (at 40 cents per point) would be about 1600 vs the 1100 deeded owners pay. So while some deeded owners are crabbing about their situation it is really the new points owners who will be receving less value. Thus, if someone actually wishes to get to a pariticular location they would be better off purchasing a deeded week on the open market. The price would be far less, the mtce fee would be less, and they would actually get to where they wish to go -- and they can still trade their week with Interval International.