- Nov 15, 2008
Hmm...I always understood it to be as long as rooms were not declared, and not part of DVC, then there are no dues on those points.I thought that DVC just guarantees to cover any shortfall in the budgets in lieu of paying dues? Either way, MF's pay for the cost of operating the resorts so just because the rooms are not declared into DVC it doesn't mean that they aren't paying expenses already.
If we are paying for the entire cost to run a resort, why would they hold off declaring inventory?
It doesn’t seem right that DVC owners are paying for all the rooms when they can’t book them. I will have to see if I can find where I read that
ETA: I found what I read in the POS. RIV has 341 but only 69 are declared. The budget for MFs is based on those 69 homes...that’s what it says at the top
So, I think you Are right, they cover the shortfall, but I interpreted that to mean all unsold points from declare inventory since there are no owners to dues for them
The more units declared, but not sold, increases the shortfall that DVD would be responsible for, no?