increased costs

[mikesdad2]

I just received my statement for 2015. My total maintenance went from $3428.50 to $4234.32 which is an 8.1% increase. My taxes went from $724.76 to $774.14 which is an 9.3% increase.

In the business world (if you owned a hotel or apartment building) and your maintenance and property taxes increase, these costs would be passed along to the guests who are not members or renters.

We as DVC members are in effect part owners and should not have the increases charged to us. As for the property taxes , what is the reason for this large increase ? It is not Florida raising the taxes , its Reedy Creek Development.

All we get are statements with no explanations, which we deserve.I would like to hear your opinions.

 

[jerseyduke]

Where are you getting your numbers from???

3428.50 going to 4234.32 is a 23.5% increase.

724.76 going to 774.14 is a 6.81% increase.


In the business world (if you owned a hotel or apartment building) and your maintenance and property taxes increase, these costs would be passed along to the guests who are not members or renters.


HUH??? If you own an apartment and the taxes go up, so does the rent.

 

[piccolopat]

As a non-DVC owner, I am confused. If it is costing $5,000 a year just in maintenance and taxes to be an owner, what are the advantages of owning? You can stay a week at a deluxe or multiple weeks at a moderate / value for that and not have to pay when you aren't going to vacation there.

 

[chalee94]

As a non-DVC owner, I am confused. If it is costing $5,000 a year just in maintenance and taxes to be an owner, what are the advantages of owning? You can stay a week at a deluxe or multiple weeks at a moderate / value for that and not have to pay when you aren't going to vacation there.

my maintenance fees went up from $18 per month to $19 per month. it varies considerably depending on how many pts you own.

$4200 per year in maintenance fees buys you over 6 weeks each year in a hotel room-sized studio in a deluxe resort. it's a LOT...

 

[jerseyduke]

the post has to be a joke or a mistake.

BLT went up the most (percentage wise) at 5.6%

OP is claiming fees went up 23.5%

3428.50 * 1.235 = $4234.32


picolopat:
The total number of points that these numbers suggest would probably come out to 20,000$ a year if paid with cash. You can get a one Bedroom for a month with that. You can not get a one bedroom for a month for 5k cash

 

[mikesdad2]

As a non-DVC owner, I am confused. If it is costing $5,000 a year just in maintenance and taxes to be an owner, what are the advantages of owning? You can stay a week at a deluxe or multiple weeks at a moderate / value for that and not have to pay when you aren't going to vacation there.

I have 720 pts which I have purchased over 19 yrs

 

[mikesdad2]

Where are you getting your numbers from???

3428.50 going to 4234.32 is a 23.5% increase.

724.76 going to 774.14 is a 6.81% increase.


In the business world (if you owned a hotel or apartment building) and your maintenance and property taxes increase, these costs would be passed along to the guests who are not members or renters.


HUH??? If you own an apartment and the taxes go up, so does the rent.

You are correct .I used the wrong numbers . Even so , that maintenance increase is still obscene .I would love to know over a year , what percentage of the rooms at OKW are taken up by the members versus cash customers ?
OKW are taken up by members

 

[jerseyduke]

You are correct .I used the wrong numbers . Even so , that maintenance increase is still obscene .I would love to know over a year , what percentage of the rooms at OKW are taken up by the members versus cash customers ?
OKW are taken up by members

OKW did get hit harder this year with 5.3 percent.

In the members Vs. The cash rooms debate, its a matter of perspective. Disney is required by law to have at least 2% of the points in its own ownership. (and I beleive DVC pays the fees on those points) beyond that in order for a room to be taken out as a cash room, a member must decide to use their points in a different manner.
When a member chooses a cruise instead, DVC books that cruise. They then take those points, and rent out a villa. They take that case from that rental to pay for the cruise. If members never "trade out" there would be almost no cash reservations.

Also I believe Disney only sells 51 weeks for every unit, so that is another 2 percent. That makes (up to)4% of the resort available for cash reservations. Until members trade out.

Or of course, breakage.

 

[disneynutz]

OKW did get hit harder this year with 5.3 percent.

In the members Vs. The cash rooms debate, its a matter of perspective. Disney is required by law to have at least 2% of the points in its own ownership. (and I beleive DVC pays the fees on those points) beyond that in order for a room to be taken out as a cash room, a member must decide to use their points in a different manner.
When a member chooses a cruise instead, DVC books that cruise. They then take those points, and rent out a villa. They take that case from that rental to pay for the cruise. If members never "trade out" there would be almost no cash reservations.

Also I believe Disney only sells 51 weeks for every unit, so that is another 2 percent. That makes (up to)4% of the resort available for cash reservations. Until members trade out.

Or of course, breakage.

Revenue accounting moves DVC rooms to Disney 60 days before any given check in date, the same time when owners with holding points are trying to book. Disney will adjust available inventory to benefit Disney, sometimes rooms will be moved back.

Bill