High iincrease in annual dues.

[Skallywag]

Have just received our annual dues statement and there is an increase of nearly $100. This has never been advised to us and wonder if anyone has any idea what this is for.
Brenda

 

[vascubaguy]

Have just received our annual dues statement and there is an increase of nearly $100. This has never been advised to us and wonder if anyone has any idea what this is for.
Brenda

Dues are evaluated every year and they went up for everyone at all resorts. Some went up much more than others (OKW for example). They sent out the annual reports to outline the budgets with the increased dues. You should have received a copy for the resorts where you own points. I own at 2 resorts and only received the report for SSR, but never received anything for my OKW contract. Actually, I haven't received the dues statement for OKW yet either.

Anyway, I hope this helps. Just expect every year for your dues to increase (although it is possible for them to decrease as well).

 

[Paticake]

Although dues did go up it appears that they under estimated the 2005 taxat least for SSR.So after I looked at that it wasn't as bad as I thought.

 

[Skallywag]

We own at OKW and have never received any notification of increase or why it should be so high. Really feel that $100 increase is too much without full explanation.

 

[vascubaguy]

We own at OKW and have never received any notification of increase or why it should be so high. Really feel that $100 increase is too much without full explanation.

You should have received a copy of the proposed 2006 budget for OKW, if you did not, you can probably call DVC and have them send you one.

 

[Daitcher]

We own at OKW and have never received any notification of increase or why it should be so high. Really feel that $100 increase is too much without full explanation.

Being surprised seems a little odd in this case. Annual dues reflect operating budgets and like everything else they go up over time. Be prepared for increases each and every year. $100 is about $8.33 a month. As for the full explanation you seek it comes around now in the form of the operating budget. They don't owe you a personal letter or any other form of explanation. I just recieved my form this week so I am sure yours will arrive soon. Increases happen with every timeshare in business today. If these increases are that much of a worry to you maybe it is time to sell.

DAVE

 

[megrod74]

If these increases are that much of a worry to you maybe it is time to sell.

DAVE

You're explanation was fine but I really don't think that comment was necessary.

 

[Daitcher]

You're explanation was fine but I really don't think that comment was necessary.

Sorry, wasn't meant to be mean. Some people are just unprepared for the rising annual dues.


DAVE

 

[nickglover]

dues are way too high for what you get in return - much cheaper to stay on cash where we stay and when, so we will be selling at end of the year

 

[JimFitz]

dues are way too high for what you get in return - much cheaper to stay on cash where we stay and when, so we will be selling at end of the year

Good point, and you can always rent points as well.

 

[carlos1117]

I agree that fees are getting out of control. Of course you expect an increase each year but the rate of increase is getting high. We're paying 962.00 for a 220 point contract. That seems very high to me.

 

[RayJay]

dues are way too high for what you get in return - much cheaper to stay on cash where we stay and when, so we will be selling at end of the year

Ditto, only I already sold, again, then bought then sold again.

The dues were the one thing I hated the most. They are too high. JMO.

RayJ

 

[leslieh]

Why so many times. We bought at OKW 1993 and have never thought about selling. I know the dues went up quite a bit this year, but remember for a few years it was only a couple $ per month. I have 290 points and paying 1200.00 per year in dues, I guess Ill have to start using it a little more.

 

[RayJay]

Why so many times. We bought at OKW 1993 and have never thought about selling. I know the dues went up quite a bit this year, but remember for a few years it was only a couple $ per month. I have 290 points and paying 1200.00 per year in dues, I guess Ill have to start using it a little more.

Don't get me wrong, we loved DVC, the only reason is I did not want debt
anymore or the dues. We go to Disney every year still but strictly on cash, we save for it. Never did that before, even Disney wasn't worth the debt
we use to carry.

DVC is great, if you can afford it, and afford it to me means cash only.

RayJay

 

[DizneyNutz]

You're explanation was fine but I really don't think that comment was necessary.

Ditto!

 

[RobDoc]

dues are way too high for what you get in return - much cheaper to stay on cash where we stay and when, so we will be selling at end of the year

Perhaps you can provide some examples where you can stay for less than your annual fees. I will be staying in a 1BR this month for about $65 per night (16 points per nite) or could have a studio for less than $35 per night (8 points). There are no taxes on my reservation - where can you find an onsite cash rate better than that?

 

[RayJay]

Perhaps you can provide some examples where you can stay for less than your annual fees. I will be staying in a 1BR this month for about $65 per night (16 points per nite) or could have a studio for less than $35 per night (8 points). There are no taxes on my reservation - where can you find an onsite cash rate better than that?

How are you putting a value of $65 per night on 16 points. Isn't the going rental rate $10 = $160 per night?

Not that $160 is expensive for a 1br, it isn't by far, but I think $65 is a stretch.

RayJay

 

[deide71]

I believe he is using the amount of dues per point.

If you own points the rental rate isn't a good number to attach for $$$$ outlay for a resort stay.

 

[Skallywag]

Being surprised seems a little odd in this case. Annual dues reflect operating budgets and like everything else they go up over time. Be prepared for increases each and every year. $100 is about $8.33 a month. As for the full explanation you seek it comes around now in the form of the operating budget. They don't owe you a personal letter or any other form of explanation. I just recieved my form this week so I am sure yours will arrive soon. Increases happen with every timeshare in business today. If these increases are that much of a worry to you maybe it is time to sell.

DAVE

Would just like to contradict you as I feel that all members should be kept up to date with expenditure such as this. We have no plans to sell our points, love Disney Old Key West.

Telephoned Disney yesterday and was advised the increase was due to increased Hurricane Insurance. They are sending a copy of the letter we should have received after the annual meeting explaining this.

Just seems strange that we also own at Old Key West and presumably they have to insure against such problems and the increase in charges there are minimal.

Brenda

 

[bicker]

I feel the increase is well within the bounds of what is reasonable, with regard to similar things. I compared it to my own home maintenance expenses (taxes, utilities, repairs, etc.) and it is actually a lower increase that I'll have here in Burlington, this year.