Unfortunately it seems I picked up a 3Br at Harborside at the wrong time. I agree with your assessment that it is an accelerated spiral: $4931 (2024), $5346 (2025), and projected $6345 (2026).
Where/how does the "death spiral" end? Others that have been in the timeshare field longer than me, where does it leave the owners other than trying to bail out or defaulting on annual dues (which only adds fuel to the spiral)?
We love going to Atlantis, and as a family of 6 there aren't any "reasonable" options to stay on property so this was our best bet. But even these dues are quickly becoming unreasonable/ unsustainable for us. Wanted to guarantee our timeframe at 12 months out, but now wishing at this time that we had bought in elsewhere and just traded in at the 8 month mark each year.
Is there any hope of the management company taking drastic steps to improve things (reselling defaulted units, new management, financial bailout)? You would think Marriott International wouldn't want it to go bankrupt. Or am I just delusional and they will just continue to have defaults and pass the losses on to owners with rising annual dues until it becomes so dilapidated that it no longer exists?
