Yes. Similar to what I posted in a different thread, some entitled owners want the benefits of ownership without the costs.
When you own a property, sometimes sh*t happens. Sometimes a tree falls and takes out your roof, sometimes a storm comes through and causes damage. Sometimes there’s a pandemic and nobody can come and use the property. In every one of those cases, the owners of the property take a hit. In this case, our “hit” is that we might not have been able to use some or all of our usage rights in 2020 (and if we were smart, we converted to Marriott points or banked our unused 2020 interests.). If you own a timeshare interest that you didn’t buy from the developer and you’re not eligible for the network benefits, you may just be SOL for this year.
Vistana didn’t cause the pandemic, they didn’t create the laws and policies barring travel, and in fact, I think they kept all of the resorts running minimally, during a very challenging time, so that owners who managed to get to their resorts could use them, subject to local legal restrictions.
I expect you are right the delinquencies will be up which will raise MFs for the rest of us. If people end up losing their timeshare interests through default, and the VOA forecloses on the unit, do owners get something back when those weeks are resold later?