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Why does Maintenance Fees increase? (by Phil L.):

cristinay2 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?

{PHILL12} The simple answer is that the maintenance cost keep going up!

Remember just because your unit isn't worth what you paid the resort and property has probably gone up in value.

I was at our owners meeting this Memorial week and being a owner for many years our fee's go up every year.

They were asked about the high fee's $838.00 in 2008 and the resort explained and maybe your Hawaii resort is run the same way.

Our resort was built 25 years ago and in many ways was ahead of its time and still one of the best resorts. They were one of the first to start the lock-off units.

They have a system that every year part of our resort is getting up-grades and this is in their plans couple years in advance and the maintenance fee's pay for this. The resort has never been behind in money to take care of the resort.

It was stated that years ago when the Ridge was built and then added to that they wanted to be upfront about the plans in the future and have the money to do this without taking advantage of the owners.

They stated that many of the resorts like in Florida play the low maintenance fee game and then when the resort starts to show its age they will run in and have special fee that owners have to pay for the repairs and they believe this not only is underhanded but really resort had no plans for the future and up keep of the resort.

It was stated that when these resorts were being built it was easier to make sales if people saw low mf's and this is something that will not happen with the Ridge.

This is one of the reasons for so many owners like us that own more than one unit here!

PHILL12