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18% MF Increase on a Trader? Will this be the norm?

SteelerGal

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Now that we have seen a substantial increase in MFs on the Orlando properties, are they still a good option as a trader? My Orlando property now cost close to CA properties. Just curious on everyone's thought.
 

Dean

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Now that we have seen a substantial increase in MFs on the Orlando properties, are they still a good option as a trader? My Orlando property now cost close to CA properties. Just curious on everyone's thought.
I think so because I doubt this will be a yearly trend.
 

Venter

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Marriott's Club Son Antem, Marriott's Lakeshore Reserve, Marriott Vacation Club @ Los Suenos, MVC points, Sheraton Lakeside Terrace, Sheraton Flex, Westin Flex, Aventuras
I agree with @Dean. However, if you want to trade to Disney it is not a deal at all due to the regional block. Unless, your Orlando week is in the Florida club.
 

lily28

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if i own grand vista in florida club, do i need to book resorts within the florida club other than orlando to book disney and avoid the regional block?
 

jmhpsu93

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MVC Abound Points
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MVC Cypress Harbour (x2)
MVC Harbour Lake (x2)
Golden Shores (Mexico)
The math (on lockoffs) is still heavily in our favor, with enrolled weeks trading for about $900 a week and non-enrolled for a little over $1K (not including upgrades), depending on where you own. It would take several years of that type of maintenance fee inflation (gouging??šŸ˜‡) to break that calculus.
 

dioxide45

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Sheraton Vistana Villages
Club Wyndham CWA
I think so because I doubt this will be a yearly trend.
We will have to wait and see. I think we may see another spike next year with the requirement for fully funding certain structural reserve items.
 

Dean

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We will have to wait and see. I think we may see another spike next year with the requirement for fully funding certain structural reserve items.
Once the reserves are fully funded, there should be some relief. We'll see how much but 18% per year for a few years will price most all of us out eventually.
 

rickandcindy23

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Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
I hope this won't be the norm. Shadow Ridge went up drastically again. I understand they are doing an update, but this cannot continue.

I consider anything over 8% as a drastic increase. When the fees are already $2,000 on Shadow Ridge, another $160 is significant. The talking heads keep saying the economy is getting better, but we all know as timeshare owners that costs to run resorts have increased dramatically.

Groceries (nothing to do with timeshare) have gone up significantly. I buy a couple of chuck roasts a month, and I used to get some great deals at Costco, because the beef is just better, but I walked right on by a few days ago, when I saw the price. I make two different meals with those roasts, beef stroganoff and pot roast. Rick's favorite two meals. I think it's ground beef for a while, and even that is expensive, unless you hit a sale. Our local Safeway and Kroger (King Soopers) have sales often enough that I buy it in large quantities and freeze it.

Chicken is something that is also a good deal on sale. My stepdad doesn't like chicken at all, nor will he eat fish. He eats with us every night that we are home and not out of town. When we have chicken, he gets leftovers. He apologizes for not eating chicken but it works out okay. We never throw out food, which helps the food budget. If we have leftovers we know we won't be able to eat, we send them home with him. He is going on 90 now, and I wish his daughters in Georgia would take more responsibility for his health and welfare, but they do not. I actually don't know what they can do.

Before Covid, we went out to dinner twice a week. Now it's more like once a month, which is a huge savings and probably balances out the higher cost of meat. On vacation, we cook a lot of meals. After all, what's that kitchen for? If timeshares all had crockpots, we would cook even more. Breakfast is always in the unit.

The kitchen makes the timeshare worthy of the cost. Hotels have everything one needs, except that kitchen.
 

cubigbird

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If 18% (or even low double digit %) increases become the norm, the developer will be out of business due to owners walking away and resorts will be sold.
 

DanCali

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After making it the main issue in a presentation, I was assured at a Vistana presentation that MF increases will go "back to normal" next year and that this year was an anomaly.

I said if things stabilize over the next 4-5 years with consecutive sub-inflation increases, I'll return to their sales pitches.

I don't think it will stop until it really hurts their timeshare sales....
 
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