Grandview at Las Vegas special assessment?

[Magic1962]

I hope everyone is having a great time Time Sharing! We have been doing it for over 10 years… I have asked others in this forum if they think the Grandview in Las Vegas will ever charge a special assessment? We will be retiring in a couple years and I would not want to have to take on that added liability…. Just your thoughts…. Dave…

 

[Passepartout]

Take a look at your annual financials report on the resort you own. If you see that there are substantial funds for periodic refurbishments and/or insurance, you can extrapolate that the place is financially healthy. Las Vegas is not subject to hurricanes or tidal waves, or forest fires that might trigger an SA, so I'd think that your vacation ownership is pretty secure. Being in RCI Points, those values can be adjusted over time, but if they get too onerous, you can always drop RCI and just use the underlying week.

Go ahead and retire on the schedule you planned and enjoy it. I wouldn't lose any sleep over an SA you don't have control over.

Jim

P.S. I have liquidated all my weeks and mini-systems, leaving my only TS ownership that's in RCI Points that I have use the Points for 17 years. It's listed and when it sells, we will be happily TS free with nothing for our heirs to be burdened with.

 

[Magic1962]

Take a look at your annual financials report on the resort you own. If you see that there are substantial funds for periodic refurbishments and/or insurance, you can extrapolate that the place is financially healthy. Las Vegas is not subject to hurricanes or tidal waves, or forest fires that might trigger an SA, so I'd think that your vacation ownership is pretty secure. Being in RCI Points, those values can be adjusted over time, but if they get too onerous, you can always drop RCI and just use the underlying week.

Go ahead and retire on the schedule you planned and enjoy it. I wouldn't lose any sleep over an SA you don't have control over.

Jim

P.S. I have liquidated all my weeks and mini-systems, leaving my only TS ownership that's in RCI Points that I have use the Points for 17 years. It's listed and when it sells, we will be happily TS free with nothing for our heirs to be burdened with.

Thank you for the reply… I do feel the Grandview has great financials and have been told by others not to worry about the little things…. lol we are going to Hilton Head for the 6th time this June…. Dave