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Regarding timeshares, the point about special assessments is true. One has to look at whether a reserve fund is funded from the maintenance fees. This will take care of any future capital expenses. Therefore if one runs across low fees, a red flag should pop up and twirl around.

You are absolutely correct. This is one thing I like about the Disney Vacation Club -- in 15 years, they have yet to require a special assessment (though I believe their normal dues are higher than most timeshares). Even when one of the properties was hit by 2 hurricanes and suffered $15M in damages, they were able to avoid any special assessment.

There's no guarantees about the future, but they work hard to avoid them and I certainly appreciate that!

Acme
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