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Re: Can no longer afford high maintenance fee. (by Sylvia D.):
My timeshare is with Polo Towers in Las Vegas. I paid $16,000 for a floating date. I bought the timeshare in March of 2003. At the time the contract the maintenance fee $462. In January of 2014 my maintenance fee was $892. During this time my salary has gone up 2% per year. I called staff at the Polo Towers to about the increase of the maintenance fee. I was told that there are a lot of delinquent mortgage loans so responsible owner have to make up for the loss of revenue. I was also told that salaries of the housekeeping staff continue to increase. (The housekeeping still makes minimum wage). During my week I do not receive any housekeeping. If I want it I have to pay an additional $35 per day. Then there is the story that reserve funds are needed to renovate and remodel. The last time I was there (2 years ago) the resort looked out of date and old. All of the reasons don't justify the Astronomical increase in maintenance fees. I don't believe any of this. The Polo Towers Salesforce is still selling weeks. I wonder what they are charging the new owners. We the responsible ones are getting poorer while the fat cats live in luxury.