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Re: Maintenance Fees

[Q=joasephw] Currently the maintainance fees and taxes on a 1 bdrm. / 1 bath / 1 week unit are roughly $1800.00 per year. $1800 x52 weeks = $93,600 in revenue for 1 unit. This is outrageous! When you factor in the purchase price over a ten year period you are well within the luxury rental range of $500 to $600 per night and you can get accomodations any time you like. Your logic is exactly the same as The Manhattan Club management. This is no bargain. If this is such a good deal why is the resale value virtually 0?[/Q] you're soooooooo right. i was miraculously able to purchase an additional week from a timeshare resale agent for more than 75% less than purchasing directly from the MC. keep in mind that the MC has the right of first refusal (RFR) when it comes to purchasing this way. i happen to really enjoy the luxury of the MC, but the current management leaves much to be desired. OWNERS ARE TREATED VERY POORLY WHEN IT COMES TO MAKING RESERVATIONS. A NON-OWNER CAN GO TO HOTELS.COM OR EXPEDIA.COM AND GET A RESERVATION ON THE SPOT FOR DESIRABLE DATES. OWNERS (SOMETIMES UNDERSTANDABLY) NEED TO BOOK 9 MONTHS IN ADVANCE. PLUS, THE MAINTENANCE FEES ARE CERTAINLY NO BARGAIN, REGARDLESS OF HOW LUXURIOUS THE MC IS!