Many people have a legitimate issue with the “devaluation” of their current saved total of Guestpoints due to the recent changes to the Guestpoints calculation algorithm. In my opinion, a simple way to compensate for this “inflation” is to modify each member’s GP bank by the same ratio as the GP evaluation of the average home on the platform.
where,
AV1 = the average GP value of the entire population of member’s homes BEFORE the recent GP recalculation
AV2 = the average GP value of the entire population of member’s homes AFTER the recent GP recalculation
R = the ratio change in the GP value of the average home as a result of the recalculation process
B1 = a member’s Guestpoint bank BEFORE the recalculation process
B2 = a member’s Guestpoint bank AFTER the recalculation process
R = (AV2-AV1) / AV1
B2 = B1 * (1 + R)
So, for example:
If the average GP value of all homes was 160 GPs, and then was recalculated to 200 GPs, and a specific member had 600 GPs in their GP bank, then
Thank you for taking the time to create this detailed analysis. I will pass your thoughts and ideas onto the product team. Please however be aware that although many members have reported an increase in their GuestPoints valuation, there are other members (who perhaps are less vocal in the groups) who have seen a decrease, or no change at all. Therefore the issue of ‘devaluation’ may not be a significant one.
Honestly, I believe that if many members had seen their score decrease, we would undoubtedly have heard their reactions here on the forum as well. The reality is that homes in major cities (London, Barcelona, New York, Paris, Berlin, Rome…) have experienced a dramatic increase in their scores — in some cases even doubling in value. Several users have openly shared their doubts on the forum about whether to apply the full increase, as it seemed excessive even to them. 💥 A new method for calculating GuestPoints awarded to homes is coming soon - #16 by Porky
And it is quite evident that, from HomeExchange’s perspective, the simplest and least contentious option was to raise the scores or leave them unchanged, which clearly indicates that inflation has indeed occurred.
For this reason, I believe it is both fair and necessary to provide transparent information about the inflation that has been created and to reevaluate — and proportionally increase — the GuestPoints that each member had saved up until December 2.
I also find it rather surprising that when I submitted this same proposal as a suggestion to be voted on, it was moved to the “comments” category upon publication.
It would take about 5 minutes for a programmer on the HE development team to write and execute an SQL query on the full database of homes, one query before recalculation of GP valuations, and one query after recalculation of GP valuations. The query could provide the average and median pre and post GP valuations; the numbers of homes that were increased, decreased, and unchanged in GP valuation; and the overall percent change in average and median valuation.
Any professional software developer with basic database and programming skills could do this in minutes.
I suggest that the Home Exchange team should do this and inform the membership of the results. It will clear the air, reveal no private information, and ensure we are all discussing this issue from the same accurate baseline.