MF increase question

[pavlovsdog00]

I'm getting close to buying a HGVC resale and have one final question.

Is there a limit on how much MFs can be raised year to year?

I found older forums with the actual increases....and realize it is typically around 1% a year....but if Hilton just decided to go nutso, could they?

Thanks in advance...I'm sure this has been answered somewhere already, but I could not find it

 

[DaveC]

I own at an affiliate, club regency marco island in Florida. I don't believe that any have a limit. Club regency has increased significantly in the past few years. The owners vote on the board members. It's similar to govt taxes. All u can do is look at what they've done in ghe past. My solution is to sell the club regency. Also, look to see what other local timeshares are doing. Storm damage, taxes, utility costs can't be guaranteed. Just be aware of what is your resort is doing so increases are not a surprise.