Week 24 Studio in VGV Phase
MF = $1,386
SO = 44,000
There is also a VSN fee ($140) if this is 1st VSE week
Also - Property Tax (I pay $150 for week 24 2Bd TH in VGV)
Also - $175 week ($25/day) for 'Sin' tax for everyone
Hi Henry - I totally understand you pain. I just saw this thread - we were there week 23 and 24. Too bad we couldn't have met up. We had a great 2 weeks - beautiful weather for most part (except Mon-Tue of week 24). If you haven't yet - check out WSJ thread on Vistana forum.
http://tugbbs.com/forums/index.php?...r-thread-part-2-june-2014-and-forward.213071/
Re: Sin tax ('Environmental Fee') - I totally agree with you and your feelings/actions are what I predicted and fear. VGV phase is in trouble if this Fee is not reversed because the low season studios will default, then will fall from there as the delinquent MFs will fall on the HOA (higher and higher MFs). I think there is a good chance that the TS part of the Fee will be successfully challenged based on it's imbalance between low and high occupancy villas. For example - the same $25/day fee applies to a 4-person occupancy and a 10/12-person occupancy and it is intended to offset environmental impact (right...) YET... a high-occupancy villa has same Fee when they have more enviromental impact that 4-person villa (e.g. VGV studio). ZERO SENSE and IMO hard to defend. Hopefully the Courts will agree.
We pay $150/week in Property Tax (where this cost should be captured) - and now $175/week on top of this?
People like yourself (studio owners) are going to walk away when they find out that there beautiful TS weeks are now valueless (because of MF+PropTax+VSE Fee+SinTax) - not too mention all drinks have increased by $1... [Case of good beer went from $40 to $52]. This may collapse quickly - hopefully overturned before it is too late.
btw - Renters of non-TS villas are supposed to be subjected to a 14% USVI tax.