Stories about guest behavior in theme parks.
https://unclewalts.com/forum/
The fees really went up this year. at BLT we are up by 6.5%, which makes over 15% increase over 2 years. sigh...hobie16 wrote:The price is even worse now. Someone discovered that the original timeshare price was way under what would cover the real maintenance costs. They had to stop sales until they could get approval from the state to bounce the prices skyward.
A couple of VPs got fired over the goof.
Do you pay property tax too? Maui County determined that they were loosing a huge hunk of tax revenue because of hotel conversions to timeshare and timeshares being built instead of hotels. What did they do? They created a new property tax category for timeshare units.delsdad wrote:The fees really went up this year. at BLT we are up by 6.5%, which makes over 15% increase over 2 years. sigh...
Let's say that a unit has a value, including the proportionate ownership of the common areas, of $1,000,000. In theory, only 50 weeks are sold to allow for maintenance. So each week has a value of $20,000 (which may be a bit low). The Real Estate Tax portion of the annual fee is only $310 per week.hobie16 wrote:Do you pay property tax too? Maui County determined that they were loosing a huge hunk of tax revenue because of hotel conversions to timeshare and timeshares being built instead of hotels. What did they do? They created a new property tax category for timeshare units.
It must be pretty gawd awful as I see letters to the editor from timeshare owners raging about another raise in their tax and swearing that they'll never return to the island.
Return or not the County still gets their pound of flesh.
UPDATE: The homeowner rate is $2.75 per $1000. The timeshare rate is $15.50 per $1000. Ouch! Hotels and resorts only pay $9.15.
Assuming the unit value is $1M, that puts your tax rate at 16%. Ouch! If you pay $640 on a unit value of $40,000 you're still at 15%.Cheshire Figment wrote:Let's say that a unit has a value, including the proportionate ownership of the common areas, of $1,000,000. In theory, only 50 weeks are sold to allow for maintenance. So each week has a value of $20,000 (which may be a bit low). The Real Estate Tax portion of the annual fee is only $310 per week.
The taxes are rolled into that bill. Its still cheaper than my parents unit at the Diamond in Maui ! Which they would love to sell!hobie16 wrote:Do you pay property tax too? Maui County determined that they were loosing a huge hunk of tax revenue because of hotel conversions to timeshare and timeshares being built instead of hotels. What did they do? They created a new property tax category for timeshare units.
It must be pretty gawd awful as I see letters to the editor from timeshare owners raging about another raise in their tax and swearing that they'll never return to the island.
Return or not the County still gets their pound of flesh.
UPDATE: The homeowner rate is $2.75 per $1000. The timeshare rate is $15.50 per $1000. Ouch! Hotels and resorts only pay $9.15.
Where is the Diamond?delsdad wrote:The taxes are rolled into that bill. Its still cheaper than my parents unit at the Diamond in Maui ! Which they would love to sell!
I think is might be the Diamond Kanapali ? Ive never been, only heard them talk about it , and seen ohotos of the flowers in the gardens.hobie16 wrote:Where is the Diamond?
Ahhh, the Diamond Resorts International Ka'anapali Beach Club formerly known as Embassy Suites. It's a huge pink building that I can see from our second floor lanai. It sticks out like a sore thumb.delsdad wrote:I think is might be the Diamond Kanapali ? Ive never been, only heard them talk about it , and seen ohotos of the flowers in the gardens.
Thats the one. Care to buy a guest suite for those out of towners who are best kept at a distance ?hobie16 wrote:Ahhh, the Diamond Resorts International Ka'anapali Beach Club formerly known as Embassy Suites. It's a huge pink building that I can see from our second floor lanai. It sticks out like a sore thumb.
Funny you should ask. Next Christmas is becoming a family reunion. We'll fly the youngest in from wherever she's going to college and the oldest and her boyfriend. My wife's oldest brother and his family will also be coming. And my MIL who believes everyone should wait on her hand and foot will grace us with her presence.delsdad wrote:Thats the one. Care to buy a guest suite for those out of towners who are best kept at a distance ?