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Re: Manhattan Club Lawsuit

[Q=bruceg213] [Q=ws57] Who says only a handful are not paying? How do we know that a substantial portion or even all of the recent large increases in annual fees is not due to an increasing fraction of owners who refuse to pay their share? [Q=sunildajs] Just to be clear to everyone, your annual fees are what they are. If people don't pay, they can't come after you for more at the end of the year. And as to who pays for the expense of keeping it? The fees were so overpriced and astronomical that no one is hurting in spite of a handful that don't pay.[/Q][/Q] ws57 It's clear you cannot or did not read the financial statements you were sent by the Manhattan Club. Actually, a reserve for bad debts is a listed expense and has increased somewhat year to year, but, while it has increased maint. fees a bit, it is hardly the main cause of the increase.[/Q] You assume that the financial statements are to be trusted.