[quote=EconProf]Earlyretirement, you’ve already mentioned the biggest Santaluz flaw–the 5-figure entry fee + $200/mo cost of joining the club that would enable us to use the gym, pool, coffee shop. Most of us residents haven’t joined and would if the price were lowered. Some day they will discover the concept of elasticity of demand and cut the price in half, double their membership, and bring in the same total revenue.[/quote]
I didn’t realize the steep cost of joining the club plus the ongoing monthly on top of the HOA is so steep. that would filter a lot of folks away from the development.
would the residents have a say in the matter or the club is completely separate from the HOA?
