[quote=clearfund]Gentlemen – They DID lower the golf club membership fees by well OVER 50%. The golf club fee was apx $120k at one time…now it is $43k. And yes, it did bring a lot of fence sitters into the club….and tick off many golf members given that it is an 80% equity club. Not to mention that it is a 4 in, 1 out rule until they reach their cap around 425+/-.[/quote]
Clearfund,
Thanks for sharing. See, that is the kind of information that is really important and educational for buyers as those are things that no one is really saying anything about.
I guess golf members that already paid $120,000 would hate that as they not only paid too much but also it floods the course with even new members so they might have a harder time getting time on the golf course.
Also, someone I was curious about is I asked Kelly (the manager at the Club) if it was possible to get a Hacienda club membership if you lived in Verrazzano, Santa Monica or Marisol. She said it was not. She said only if you live within the gates of Santaluz. Is this correct? I heard from at least 2 people that they were selling memberships to outsiders but I didn’t know if this was true or it was only Golf memberships?
