| Breyean |
01-21-2013 06:55 PM |
Quote:
Originally Posted by lodge
(Post 47264433)
I've been wondering what subsidized maintenance fees are for some time now... what's that mean?:confused3
To OP, considering what I've seen, you got a GREAT deal (yeah, let us know if it passes ROFR PLEASE!!)
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We bought Aulani and had subsidized dues. In a nutshell, the early calculation of what the dues s/b to adequately maintain the property was questioned by the state.
Disney then suspended all further Aulani sales while they reworked the numbers to satisfy what Hawaii wanted.
When they started selling again, the dues were higher for all new contracts written after that date, but for early owners the original dues stood.
But, here's why we took advantage of Disney's offer to sell Aulani back when all this was announced. The amount of the subsidy was fixed as the difference between the original and revised dues. As the dues increase each year, the subsidy amount does not. So as a percentage of the total dues owed, what now looks like a lot will look less valuable in the future.
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