Original Message:
Re: The Manhattan Club Lawsuit - RedWeek's Report & Most Recent Info (by C G.):
News sounds good, but when I saw the amount of the settlement, that is not so good. Not counting maintenance fees, my investment for a flex week (7 days) 1 bedroom penthouse is $50,000. With most property, values rise, appreciate. In fact, I have learned the going rate for NYC, for a similar or 1 bedroom timeshare unit is $100,000. At each update, I keep offering to sell to Wyndham but of course the minion sales folk do not have that option. Before I learned of just what the ripoff timeshare industry is, I had hoped to sell my TMC Penthouse and purchase a property for our family...one member now lives in NYC. It would be nice to have an actual accounting sheet of what has been paid by the 18,000 owners. Hoping for a more commensurate reimbursement.