JtR had a post in regard to Encinitas Ranch’s increasing MR. Apparently due to financial issues in regard to “Encinitas Ranch Golf Authority.”
what is the exact financial structure and soundness of the Santaluz golf club/gym/spa? what is the larger Santaluz community’s financial obligation to the club/gym/spa? Are the homeowners on the hook just like the Encinitas Ranch owners? This is something to look into especially if no one’s at the restaurant or gym and employees are just standing around smiling.
