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Original Message:
Why does Maintenance Fees increase? (by Cristina Y.):
I understand the purpose of a maintenance fees but what I don't understand is why do they keep increasing each year when the values of Timeshares Resorts are going down?
I have at Timeshare in HI and since we bought it in 1999, the MF has been increasing each time we visit but we don't see any significant improvement at the facility. As a matter of fact when we went back in 2007, the grounds, equipments and appliances looks the same as 8 years ago. I'm curious where my MF has been going?
Is the resort or the developer or someone benefiting from the MFs that are charged to the Timeshare owners?