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Re: RedWeek's own new point system! (by Mike N.):

marty8084 wrote:

Since there aren't any current exchanges for NYC we have no idea what the valuation would be.

Here's a little on how our exchange valuations are compiled:

RedWeek Exchange valuations have to do with many factors such as the time remaining until check-in, the resort's ratings and reviews, location, seasonality.

One of the benefits of the RedWeek Exchange program is that we are transparent in our trading power values. If you have deposited with RCI or II in the past, I'm sure you know that they do not give you an adequate picture of what you might be able to actually exchange for. You deposit your week, submit your requests, and hope for the best. We have found that many owners are unhappy with RCI and II, as they are unable to get the exchanges they want.

With RedWeek, we give you an actual value. You are able to trade up or down using the points you are given, which is not possible in the major exchange companies. That being said, we are still shaping our valuation system to come up with the most accurate pricing possible.

You do have a full three years to use your points. We are confident that you will be more than satisfied with the value as you look across the other deposits that come throughout the coming year.

Hope this helps.

Marty

========== Thanks for the explanation, but I do have a question. When Redweek looks at current rental rates to help claculate points, are you looking at rental rates listed on RedWeek, or rental rates set by the resort themselves? Does that mean if I rent my unit for less than the resort rates, it results in a LOWER point value for exchanges? It seems like I'm shooting myself in the foot.