Maintenance Fees

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Original Message:

Re: Maintenance Fees (by Mary D.):

jayjay wrote:
jeff, how could special assessments and rising maintenance fees be the timeshare owner's fault? Since we could not physically attend HOA meetings, we voted in the people we thought best qualified for the job via their resumes sent to all owners before voting time. Owners are not mind readers, all they know is what they are sent concerning those running for an HOA.

The problem with the resort that I mentioned earlier is that there are also full ownership units there. I think many of those people were on the HOA board. Of course they would want the timeshare owners to take on the brunt of the special assessments and rising maintenance fees to keep their resort in good condition and to repair problems.

After researching concerning the full ownership condos at this resort, I then decided to sell that timeshare, since I, as a timeshare owner, was tired of carrying the financial burden for the full ownership condo owners.

It was the HOA's fault that they did not perform proper maintenance and have adequate reserves in place for emergencies, not mine. That's not bellyaching, that's fact.

If timeshare ownership was so brilliant then there wouldn't be millions of timeshares for sale in the marketplace. Does that fact tell you something?

BTW, I am very glad that you love your timeshares, but there are millions of people that have become disillusioned with timeshare ownership due to many factors, including costs and fees related to owning and exchanging.

jeffr92 wrote:
Nobody sees there own responsibility in the situation. Instead its someone elses fault,and then someone else, and then someone else. Never me!

The real reason that prices have been driven so low in the resale market is that many have adopted this mentality by way of listening to it night and day. people have devalued their TSs in their own mind. Jeff

Now that time shares have been around for quite a while, realize that some are being sold because the owners, happy though they may have been, are getting older (or dead) and can't go . They have no children, or the kids are not (yet) interested in the location owned. If they were tied to a set week, it's like trying to sell a monogramed item. It won't be appropriate for most potential buyers.

Somewhere in all these blurbs, I noted that Mayan Palace (Mexico) now offers a plan under which owners pay only half the maintenance fee when staying at age 75 and 76. When they hit 77, there in no MF unless they rent or bank the unit for someone else to use. If the right to use is passed to a familly member, this will apply to that person, too, after normal MFs are paid for 5 years. Wouldn't it be nice to have that deal built into all contracts! However, it would kill lots of older/older owned resorts. At least a Mexican resort may get the "Right to Use" back after 25 years if no renewal is requested.