Las Vegas Strip - 2 BR Platinum - Want MF & Taxes 2009 & Prior

Hello all,
I just recently purchased a 2BR Platinum 7,000 Points at the LV Strip (don't worry ... I got it resale $9,500). For 2010, the MF were $676.70 and Taxes $56.52 for a Total of $733.22.

Can someone please provide me with the same information for 2009 and previous years (LV Strip, 2 BR, Platinum, 7,000 Points)?

Thanks for your help.

There's been a thread in this forum every year that I've been here in which posters list their MF's.
Try doing a search.

Need 2006 and earlier only

Thank you. I have been able to get 2007, 2008, and 2009 from previous posts. Anybody have 2006 and before?

Thanks for your help.

UKPRLE said:

Thank you. I have been able to get 2007, 2008, and 2009 from previous posts. Anybody have 2006 and before?

Click to expand...

Just curious, what are the YoY increases in MF & taxes?

UKPRLE said:

Hello all,
I just recently purchased a 2BR Platinum 7,000 Points at the LV Strip (don't worry ... I got it resale $9,500). For 2010, the MF were $676.70 and Taxes $56.52 for a Total of $733.22.

Can someone please provide me with the same information for 2009 and previous years (LV Strip, 2 BR, Platinum, 7,000 Points)?

Thanks for your help.

Click to expand...

You got a great deal. Hilton just exercised Right of First refusal on a unit I was brokering at $10,000.

UKPRLE said:

Thank you. I have been able to get 2007, 2008, and 2009 from previous posts. Anybody have 2006 and before?

Thanks for your help.

Click to expand...

If you're worried about Maintenance Fees, they will increase yearly due to various factors (increases in insurance, taxes, labor, material, etc). Several HGVC properties have experienced special assessment fees in additional to the yearly maintenance fee. So far (knock on wood), we haven't experienced the outrageous jumps in MF like some other timeshares.

Here's an example of HGVC MFs over time for some of the other HGVC locations - http://www.tugbbs.com/forums/showthread.php?t=88815

Examples of Special Assessment Fees
HGVC Flamingo assessment [2007] - http://www.tugbbs.com/forums/showthread.php?t=46036&highlight=assessment
Charter Club marco Island [2008] - http://www.tugbbs.com/forums/showthread.php?t=79287&highlight=assessment
Bay Club Special Assessments Communicated [2009] - http://www.tugbbs.com/forums/showthread.php?t=106146&highlight=assessment

From the TUG advice page - http://tug2.net/timeshare_advice/tug_timeshare_advice.shtml
What are Timeshare Maintenance Fees? - http://tug2.net/timeshare_advice/what_are_timeshare_maintenance_fees.html
Why Timeshares Make Sense - http://www.tug2.net/timeshare_advice/why_timeshares_make_sense.html

Of course, you'll find various threads relating to the question - why own a timeshare?
How does a timeshare save me money? [2010 thread] - http://www.tugbbs.com/forums/showthread.php?t=121612
future of MF & timeshare [2009 thread] - http://www.tugbbs.com/forums/showthread.php?t=103009
Why are timeshares so cheap right now?!?! [2009 thread] - http://www.tugbbs.com/forums/showthread.php?t=111322
Why I like to timeshare [2008 thread] - http://www.timeshareforums.com/forums/general-timeshare-discussions/57871-why-i-like-timeshare.html
Maintenance Fee Liability [2006 thread] - http://www.tugbbs.com/forums/showthread.php?t=30061


If you were concerned about the future of HGVC Maintenance Fees, I hope this helped

2007 - 2010 MF's for LV Strip 2BR Platinum

As requested (2007 - 2010 MF's for LV Strip 2BR Platinum):

2007 --> MF-$570.49, Taxes-$24.99, Club Dues $85, Total $680.48
2008 --> MF-$598.93, Taxes-$50.00, Club Dues $90, Total $738.93
2009 --> MF-$655.31, Taxes-$53.44, Club Dues $95, Total $803.75
2010 --> MF-$676.70, Taxes-$56.52, Club Dues $99, Total $832.22

Basically, an average increase of 7% a year or $50 a year.

Lots of increases

Jeeze...seeing it increase like that right there...when will it ever level off?

$50/7% a year is a lot...especially in an area like Las Vegas where real estate is dirt cheap...

Does anyone have any insight into this? At this rate it'll cost a LOT of money to own a timeshare over 2 decades.

I've only owned for 2 years, now, but with an increase that high...

UKPRLE said:

As requested (2007 - 2010 MF's for LV Strip 2BR Platinum):
2007 --> MF-$570.49, Taxes-$24.99, Club Dues $85, Total $680.48
2008 --> MF-$598.93, Taxes-$50.00, Club Dues $90, Total $738.93
2009 --> MF-$655.31, Taxes-$53.44, Club Dues $95, Total $803.75
2010 --> MF-$676.70, Taxes-$56.52, Club Dues $99, Total $832.22
Basically, an average increase of 7% a year or $50 a year.

Click to expand...

I wonder if, with the recent R/E melt-down, the HOA isn't soaking owners to cover non-performing TS's.
OR if MF's weren't kept artificially low during the initial sales period ('cuz Hilton owned more of the units).
Also, taxes have doubled, perhaps due to improvements at the resort and the surrounding area.
Perhaps, as the resort matures and the economy stabilizes, these presures will ease.

Anyone have any idea what the average cost of a hotel room has increased during the same period? That would be an interesting comparison.