2010 MF's

[midwest6 Junior Member Find all posts View Profile Close midwest6]

I just made a reservation for this year borrowing points and was required to pay 75% 2010 MF's.

2009 MF's were $1196.81


Now our Orlando 8000 udi is over $1500.00, Can this be right?

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Blended actually meant higher

I just made a reservation for this year borrowing points and was required to pay 75% 2010 MF's.

2009 MF's were $1196.81


Now our Orlando 8000 udi is over $1500.00, Can this be right?

What resort is (was) your Orlando "home"? What are the fees the owners of WEEKS at that resort paying? Was the big investment, on top of your original purchase cost for the UDI - assuming you "upgraded" an existing ownership, worth it? Weren't you told the "blended" costs of the resorts in the Trust would result in LOWER fees vs a "standard" ownership? Sounds like that concept isn't working out that way at all. It always seemed flawed to me as the overhead and administration alone was going to push costs up. Seems that has occurred.

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

Doesn't seem right to me. I borrowed 2010 points at the beginning of 2009. I had to pay 100% of MF and Club dues for my Ridge unit, equivalent to 10,000 points. Don't have the numbers handy but total was slightly shy of $1,000. The fees are subject to approval of final budget. I borrowed points every year, and the difference is about $100+.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

I can't speak to what DRI is doing now but, in the past, I had to pay 100% of what the previous years MF's if I wanted to book a week to exchange. At the end of the year if MF's went up (don't they always go up?) I was required to pay the difference by the due date. So, if I wanted to book a 2010 week for exchange I had to pay the total of whatever the 2009 MF's had been, then pay the difference at the end of the year. If I was reserving my week to use at my home resort, I didn't have to pay MF's in advance.

Since most resorts don't set their budget for the next year until close to the end of this year, I'm not certain how DRI could feel safe charging you 75% of next years budget. In theory, trust ownership MF's are based on the average cost set by the HOA/BOD's at all the resorts in the trust. However, I've noticed that, not matter what trust people own, the MF's seem to average out exactly the same. Maybe I'm wrong but if I'm not I've always thought that to be rather odd. If DRI already knows what the MF's will be before the HOA/BOD's have their budget announced, that seems a little disturbing to me.

Polo Towers use to send out a bill in July but, it was based on last years MF's and, if the MF went up, you'd still have an amount due at the end of the year. They started billing that way because several owners complained about getting hit with a MF bill during the holiday season. It wasn't that the budget had been set. It was just an option to pay the lions share of your MF's before the end of the year when paying a large bill might be a little tougher.

[midwest6 Junior Member Find all posts View Profile Close midwest6]

We own at Grand Beach, we upgraded to UDI of only Grand Beach, before the trust concept.