Tuesday, July 31, 2018
Monday, July 30, 2018
I completed a demo of a HICV availability checker - message me if you are not an HICV member, would like to check...
I completed a demo of a HICV availability checker - message me if you are not an HICV member, would like to check availability, and would like access. I'm looking to provide my code to and/or work with someone to do the same for Wyndham and any other program with online availability checking. Ultimately, it would be great if we could all check availability in all of the major programs prior to being an owner.
Friday, July 27, 2018
Hey Guys, Planning a trip to Orlado and Coco Beach.
Hey Guys, Planning a trip to Orlado and Coco Beach. How is the Cape Canavrial location? Also which villiage is best for a family with a 12 year old daughter? Not a golfer. Thanks.
Wednesday, July 18, 2018
HICV vs. Wyndham Minimum Points per Unit
HICV vs. Wyndham Minimum Points per Unit
On the HICV side, I used to purchase units as small as 45K, but due to closing costs, I established a minimum of 75K annual (150K biennial).
One of the things I've been trying to figure out is what a good equivalent points size on the Wyndham size is.
Here's my latest math:
75K HICV points = 106K Wyndham points based on RCI/DRI ratios (0.71 factor).
HICV Closing Costs = $300 ($150 deed prep + $50 county fees + $100 transfer fees)
Wyndham Closing Costs = $500 ($150 deed prep + $50 county fees + $300 transfer fees)
Assuming you want to keep closing costs / point consistent, larger closing costs = larger contract, so 106K x $500/$300 = 176K.
Closing costs are paid on both sides of the transaction - even if the seller pays them when you buy, you are getting closing costs instead of a discount.
Buying a Wyndham unit smaller than 176K annual (352K biennial) would be like buying a HICV unit smaller than 75K - something I did in the past but learned not to do in the future once I started fully taking into account transaction costs.
I've added to my detailed comparison chart (link added under Non-HICV Resources)
If anyone has experience with DRI, Mariott, Shell, Bluegreen, Hyatt, or Disney and can help fill out the chart for those systems let me know.
On the HICV side, I used to purchase units as small as 45K, but due to closing costs, I established a minimum of 75K annual (150K biennial).
One of the things I've been trying to figure out is what a good equivalent points size on the Wyndham size is.
Here's my latest math:
75K HICV points = 106K Wyndham points based on RCI/DRI ratios (0.71 factor).
HICV Closing Costs = $300 ($150 deed prep + $50 county fees + $100 transfer fees)
Wyndham Closing Costs = $500 ($150 deed prep + $50 county fees + $300 transfer fees)
Assuming you want to keep closing costs / point consistent, larger closing costs = larger contract, so 106K x $500/$300 = 176K.
Closing costs are paid on both sides of the transaction - even if the seller pays them when you buy, you are getting closing costs instead of a discount.
Buying a Wyndham unit smaller than 176K annual (352K biennial) would be like buying a HICV unit smaller than 75K - something I did in the past but learned not to do in the future once I started fully taking into account transaction costs.
I've added to my detailed comparison chart (link added under Non-HICV Resources)
If anyone has experience with DRI, Mariott, Shell, Bluegreen, Hyatt, or Disney and can help fill out the chart for those systems let me know.
The going rate for IHG points on the IHG website is $115 for 20K = $5.75/1K (using Points + Cash).
The going rate for IHG points on the IHG website is $115 for 20K = $5.75/1K (using Points + Cash).
To get points that cheap with HICV points, your maintenance has to be $3.91/1K - $391 for 100K HICV points + $69 IHG conversion = $460 for 80K (100 x 4/5) IHG points.
IHG conversion is better than not using points, but not an efficient planned use of points - if you are consistently doing this, you should really look at reducing your HICV holdings.
To get points that cheap with HICV points, your maintenance has to be $3.91/1K - $391 for 100K HICV points + $69 IHG conversion = $460 for 80K (100 x 4/5) IHG points.
IHG conversion is better than not using points, but not an efficient planned use of points - if you are consistently doing this, you should really look at reducing your HICV holdings.
Tuesday, July 3, 2018
Hello!
Hello! I am hopelessly looking to sell our HICV timeshare and am happy to come across a place with helpful answers and knowledgeable people.
My husband and I bought the 55,000 points package back in 2015 and just haven't gotten the use out of it that we thought. What are our options for selling? We absolutely know that we won't get anything close for what we bought it for. Where have people had success selling? Any help is greatly appreciated!
Lauren
My husband and I bought the 55,000 points package back in 2015 and just haven't gotten the use out of it that we thought. What are our options for selling? We absolutely know that we won't get anything close for what we bought it for. Where have people had success selling? Any help is greatly appreciated!
Lauren
Sunday, July 1, 2018
I added the Wyndham and HICV resorts from the attached RCI points guide to the RCI tabs of the Wyndham and HICV...
I added the Wyndham and HICV resorts from the attached RCI points guide to the RCI tabs of the Wyndham and HICV consolidated points spreadsheets.
https://www.rci.com/static/docs/en_US/points-grid.pdf
Wyndham
https://docs.google.com/spreadsheets/d/1Qg7jd4yPldw-HPWaPkVk1E68KsETwoIuyBFnJPulkgw/edit?usp=sharing
I then added the annual RCI point totals next to the annual Wyndham and HICV point totals and compared the totals against all units that had RCI point values and just the cheapest 2BR unit from each resort that I was using previously (there was only a 3% difference - the numbers below are just the 2BRs, which work out slightly better for Wyndham).
Here are the results:
RCI: Wyndham = 1:3.34
RCI: HICV = 1:2.37
which makes
Wyndham:HICV = 3.34:2.37 = 1:0.71
Prior to finding this RCI Rosetta stone, I used median 2BR points values in Florida to determine that the median Florida properties were Orange Lake for HICV (7.2M) and Bonnet Creek/Sea Garden for Wyndham (9.1M) and was trying to determine whether the points difference was due to HICV points being more valuable than Wyndham points or the median Wyndham resort being valued higher than the median HICV resort. The annual RCI point values for these properties are 3.6M for HICV and 3.15M for Wyndham, which suggests that the HICV points are worth even more than Wyndham points than my initial analysis showed due to the median HICV resort being valued higher than the median Wyndham resort. That makes the scaled Wyndham point values for these properties 10.4M, and the ratio 1:0.69, which is very close to the program-wide numbers above.
This is extensible to other programs that have RCI point values in the chart above if anyone is interested in putting them into a spreadsheet.
I only buy HICV points units with maintenance in the $5-$6 - this makes the comparable range of Wyndham units $3.55-$4.26, which are pretty tough to find.
https://www.rci.com/static/docs/en_US/points-grid.pdf
Wyndham
https://docs.google.com/spreadsheets/d/1Qg7jd4yPldw-HPWaPkVk1E68KsETwoIuyBFnJPulkgw/edit?usp=sharing
I then added the annual RCI point totals next to the annual Wyndham and HICV point totals and compared the totals against all units that had RCI point values and just the cheapest 2BR unit from each resort that I was using previously (there was only a 3% difference - the numbers below are just the 2BRs, which work out slightly better for Wyndham).
Here are the results:
RCI: Wyndham = 1:3.34
RCI: HICV = 1:2.37
which makes
Wyndham:HICV = 3.34:2.37 = 1:0.71
Prior to finding this RCI Rosetta stone, I used median 2BR points values in Florida to determine that the median Florida properties were Orange Lake for HICV (7.2M) and Bonnet Creek/Sea Garden for Wyndham (9.1M) and was trying to determine whether the points difference was due to HICV points being more valuable than Wyndham points or the median Wyndham resort being valued higher than the median HICV resort. The annual RCI point values for these properties are 3.6M for HICV and 3.15M for Wyndham, which suggests that the HICV points are worth even more than Wyndham points than my initial analysis showed due to the median HICV resort being valued higher than the median Wyndham resort. That makes the scaled Wyndham point values for these properties 10.4M, and the ratio 1:0.69, which is very close to the program-wide numbers above.
This is extensible to other programs that have RCI point values in the chart above if anyone is interested in putting them into a spreadsheet.
I only buy HICV points units with maintenance in the $5-$6 - this makes the comparable range of Wyndham units $3.55-$4.26, which are pretty tough to find.
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