Original Message:
Re: The Manhattan Club Lawsuit - RedWeek's Report & Most Recent Info (by Mark E.):
What makes us think that the fees will go down very much? My understanding is that the owners subsidized the maintenance to entice us to buy and then withdrew the subsidy. The new management will not be restoring the subsidy since they have no way to recover it. I was told by MC that less than 10% of owners didn't pay annually. Is that right? If so, when the start paying it would only reduce the annual fee by 10%, right? I am posing these statements as questions because I don't know the answers. Just seems like wishful thinking that our fees will go down by more than 15 to 20% which would still be very high.