2011 Maintenance Fees

[roach Member Find all posts View Profile Close roach]

Thanks Jim for all you do. I copied your data from your meeting notes below. I thought we might need a new thread to let people complain about the increase in maintenance fees.
The first thing that most people care about and the last thing discussed are 2011 maintenance fees. Here are the new Trust Fund formula for 2011. The good news is No Special Assessment.

Trust Fund A: pass through (average increase 4%)
Trust Fund B: $170 + $.063/point (no change)
Trust Fund C: pass through (average increase 4%)
Trust Fund D: $.074/point (increase of 13.85%)
Trust Fund E: $320 + $.045/point (vs $310 + $.0405/point for 2010)

If my math is correct, the break even point for trust fund E is 11,035 points. This amount of points and over provides you with the cheapest maintenance fees. Below this amount it is cheaper to be in fund D. This might help if you are considering upgrading to get your points in E.
Now for the whining. My maintenance fees went up over 10%, and my school salary dropped 10%. I guess I will rent out some more to cover the difference. That's my rant. I just hope they stay steady (with no SA's) for a few years like they did several years back. That would be nice. If anyone else wants to vent, feel free to do so. Please include your percent increase for your number of points.

[shockwave7_7 Member Find all posts View Profile Close shockwave7_7]

After doing the math, it looks like I will have an increase of only about $80 per year on 15,000 points. It really doesn't seem too bad, but I would have rather seen a proportional increase in the base and per point fees, rather than increasing the per point by about 10% and the base by only 3%.

[midmobuilder Junior Member Find all posts View Profile Close midmobuilder]

We are platinum owners....from the information graciously provided by Jim, it looks as if our increase will be 10%. That seems rather steep in these days of non-inflation.....but if there's a silver lining, it's less that almost 14% we got last year. Perhaps it just means that I need to become more sophisticated about rentals, so that somebody else helps pay my fees.

The downside of that is, that dang it.....we like using our points!!!!

[vintner Super Moderator Find all posts View Profile Close vintner]

I am up a little over $200. At this point, I am not sure if I should try to reduce points as airline fees are up, I just can't afford vacations anymore.

[akparsa Senior Member Find all posts View Profile Close akparsa]

Perhaps the cheap resales were a strategy...

I feel like I stepped right into a crafty marketing strategy. Cheap resale points counting for Premier status motivated me to buy up, buy up, buy up as many points as I could possibly use.

Now the cheap-resale door is closed and they've got all the Gold and Platinum owners they're likely to get through resale, and they are treating their captive audience to aggressive hikes.

Gold and Platinum most likely have the lowest level of defaults. (I may be wrong here, but I would guess that the majority of defaults happen with people who buy small to moderate amounts of points and that those who move on to Gold and above have a little ease built into the budget.)

This Gold / Platinum premier market segment is also the most likely to be offsetting part of their MF with rentals, thus minimizing the full impact of the increases.

While I admire the crafty market segmentation at work here, my increase as a Platinum owner is almost $400. In any given year, that isn't horrible, but if this keeps up for a few more years it will be unsustainable for me to own the points I own.

Anita

[willettj Junior Member Find all posts View Profile Close willettj]

How do I know what Trust Fund I am in? It looks like my fees went up by 25%

[roach Member Find all posts View Profile Close roach]

Go to the "Payment Balance" link on the upper left side of your home screen at BGOnline. Click on the underlined "Acct. No." for each of your accounts. A pop up will show you the trust fund for each account. The formula for calculating each account is wrong. These still show 2010 formulae. You can uncheck the ARDA box which will remove $5 for each account you have.
Unless you have added points this year that are in a different trust, you should not have had an increase over 13.85% (not that this doesn't suck).

Mark

[Reno1979 Junior Member Find all posts View Profile Close Reno1979]

I own 9000 yearly points, just saw my MF jump by nearly $200. Yuck.

[pagui42 Junior Member Find all posts View Profile Close pagui42]

I own 9000 yearly points, just saw my MF jump by nearly $200. Yuck.

You don't seem right now to be in the best trust fund for your 9000 pts.

I own 10000 points on a yearly basis and I'm facing a 55$ raise. That's a 7.7% increase.

[smithiekid Member Find all posts View Profile Close smithiekid]

I own 9000 yearly points, just saw my MF jump by nearly $200. Yuck.

something wrong for trust fund B they would be the same
trust fund D up by $81
trust Fund E up by $50.50

9000 yearly points

we have 36000 points and the mf have gone up by $172

[crwisconsin Senior Member Find all posts View Profile Close crwisconsin]

something wrong for trust fund B they would be the same
trust fund D up by $81
trust Fund E up by $50.50

9000 yearly points

we have 36000 points and the mf have gone up by $172

I am not sure what you think is wrong. There is no reason why each Trust Fund would go up by the same percent. The percent is a function of the mix of particular resort unit/weeks in that Trust Fund.

Charles

[turtle3000 Junior Member Find all posts View Profile Close turtle3000]

Thanks Jim for all you do. I copied your data from your meeting notes below. ... Here are the new Trust Fund formula for 2011. The good news is No Special Assessment.

Trust Fund A: pass through (average increase 4%)
Trust Fund B: $170 + $.063/point (no change)
Trust Fund C: pass through (average increase 4%)
Trust Fund D: $.074/point (increase of 13.85%)
Trust Fund E: $320 + $.045/point (vs $310 + $.0405/point for 2010)

Jim's note about the Sept '09 BG meeting stated the following for 2010 fees:

"Trust Fund E: $310 plus $.0405/point. Proposed special assessment is $.0035/point ($35/10000 points)."

I forgot what I paid for 2010, did the SA go through and really raise the $/point to $0.044/point for 2010? Does that mean that Trust Fund E 2011's rise is only $0.001/pt (0.045 - 0.044) plus $10 on the base fee?

[smithiekid Member Find all posts View Profile Close smithiekid]

I am not sure what you think is wrong. There is no reason why each Trust Fund would go up by the same percent. The percent is a function of the mix of particular resort unit/weeks in that Trust Fund.

Charles

Charles I did not word my reply very well (it was the middle of the night in a very long working week)

What I should have said is that there was something wrong with the original post mf since if their 9000 points were in Trust Fund ......... their increase would have been ........

I did not mean it to come over as it did, sorry for the misunderstanding

Phillip

[greathre Junior Member Find all posts View Profile Close greathre]

Bluegreen Trust Funds

Hi,

Can anyone explain the difference in the various Trust Funds to me? Since the individuals in Trust Fund D and E all own the same type of units, it is hard for me to understand why the percentage of increase in the annual maintenance fees for 2011 is different for each fund.

Thanks,

Ron

[greathre Junior Member Find all posts View Profile Close greathre]

Bluegreen Maintenance Fees

Is there a separate operating budget for each trust fund. If not, how are the maintenance fee increases calculated for each trust fund?