• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Annual MF Inflation Rate

Bustah

newbie
Joined
Dec 13, 2008
Messages
47
Reaction score
0
Points
6
It's one of those nights where I have too much time on my hands...what is the general consensus on how much our MF increase each year?

I was thinking I could more accurately calculate cost per point over a 20-year period by adding $30 to the MF each year (after the first year) getting a more accurate representation of the total cost over 20 years.

Any ideas?:shrug:
 

alwysonvac

TUG Lifetime Member
Joined
Sep 11, 2005
Messages
15,859
Reaction score
3,712
Points
848
Location
New Jersey
Resorts Owned
WORLDMARK, HGVC, VISTANA

SOLD (DVC, FSRC)
It's one of those nights where I have too much time on my hands...what is the general consensus on how much our MF increase each year?

I was thinking I could more accurately calculate cost per point over a 20-year period by adding $30 to the MF each year (after the first year) getting a more accurate representation of the total cost over 20 years.

Any ideas?:shrug:

If you want to figure it out based on past dues, here are the MFs for the last six years for SeaWorld two bedroom OVS II.

YEAR Operating Fee/Reserve Fee/Tax/Sub Total/Voluntary ARDA/Club Dues/Special Assessment/Grand Total
2004 $404.03 $69.35 $94.55 $567.93 $3.00 $85.00 $0.00 $655.93
2005 $420.02 $72.92 $91.68 $584.62 $3.00 $85.00 $0.00 $672.62
2006 $435.40 $70.43 $92.01 $597.84 $3.00 $85.00 $0.00 $685.84
2007 $553.48 $78.38 $115.48 $747.34 $3.00 $90.00 $0.00 $840.34 (see NOTE below for the reason for the 2007 increase)
2008 $553.50 $110.87 $100.89 $765.26 $3.00 $90.00 $0.00 $858.26
2009 $568.31 $119.43 $92.78 $780.52 $3.00 $95.00 $0.00 $878.52

NOTE: From the 2007 Maintenance Fee Letter
"There are two major drivers for the increase in maintenance fees. These are insurance and electricity, which has increased 20% so far this year."
"After soliciting bids for property insurance, we were forced to accept a 311% increase to provide the Statutory requirement of replacement costs coverage. This is the major reason for the 2007 maintenance fee increase."
 
Last edited:

jestme

Guest
Joined
May 30, 2008
Messages
778
Reaction score
45
Points
338
Location
Ontario, Canada
Here are Kalia numbers for the past 3 years, studio and 1BR. Thing that concerns me is that although the fees are up only slightly this year, the reserves are down almost 25% over previous years.
Studio
YEAR Operating Fee/Reserve Fee/Tax/Sub Total/Voluntary ARDA/Club Dues/Special Assessment/Grand Total
2007/$426.25/32.84/3.16/449.20/3.00/$85.00/
2008/480.91/37.77/3.52/508.79/3.00/90.00
2009/506.53/28.59/6.07/521.70/3.00/95.00

1BR
YEAR Operating Fee/Reserve Fee/Tax/Sub Total/Voluntary ARDA/Club Dues/Special Assessment/Grand Total
2007/$685.68/78.69/7.56/754.49/3.00/$85.00/
2008/$741.89/90.50/8.44/822.51/3.00/90.00/
2009/$815.64/68.52/14.54/870.74/3.00/95.00
 

alwysonvac

TUG Lifetime Member
Joined
Sep 11, 2005
Messages
15,859
Reaction score
3,712
Points
848
Location
New Jersey
Resorts Owned
WORLDMARK, HGVC, VISTANA

SOLD (DVC, FSRC)
Thing that concerns me is that although the fees are up only slightly this year, the reserves are down almost 25% over previous years.
Perhaps check to see if anything was mentioned in the Maintenance Fee Letter to explain the reduction.
The HOA documents are also available online (after you log in select "My Ownership" and then select "My Homeowners Association" and click on the link for the homeowners association).


Here's the annual MFs for the Flamingo one bedroom for the last seven years (NOTE: it doesn't include the Voluntary ARDA and Club Dues)

YEAR / Operating Fee / Reserve Fee / Tax / Sub Total / Special Assessment
2003 $431.46 $62.32 $31.52 $525.30 $0.00
2004 $433.63 $67.59 $33.70 $534.92 $0.00
2005 $442.44 $72.40 $34.40 $549.24 $0.00
2006 $451.21 $77.67 $35.52 $564.40 $0.00
2007 $470.62 $89.41 $37.99 $598.02 $0.00
2008 $501.59 $105.74 $38.21 $645.54 $96.20
2009 $539.78 $100.56 $41.79 $682.13 $95.33
 

Bustah

newbie
Joined
Dec 13, 2008
Messages
47
Reaction score
0
Points
6
Thanks for all the great info. Looks like a little bit of homework to do and maybe $30 per year was a bit of an understatement.
 
Top