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Re: Manhattan Club Lawsuit (by Fibo N.):

The statement that MC "stopped renting to non owners" is quite misleading. Check the travel sites. E.g. Booking.com offers ALL types of units for "Special condition, no prepayment needed, free drink", starting at $244 (I checked for the end of May - beginning of June). MC website offers 'special promotions" at 30% discount, etc.

MC is not in bankruptcy neither the club is losing profits though many owners stopped payments; therefore reference to the non-payments as a reason for raising fees is quite controversial. Another smart trick to doom naive believers. Check the MC budgets' numbers!

In 2008 MC Total Income was $28,868,306 (286 rooms, 14,872 interests sold)

In 2017 MC Total Income was budgeted at $47,009,535 (286 rooms, 14,872 interests)

For 2018 MC Total Income was budgeted at $ 49,069,387 (286 rooms, 14,872 interests)

Income was almost doubled in 10 years! When looking further into the budget numbers, it makes clear that non-payments are covered with renting to public. True, it's easier to make reservation because non-payments do not use their "deeded property". If all the owners will start paying again, we 'll get back to the previous experience - no reservations available.

anitab188 wrote:

You DO NOT need to pay 9 months in advance. My contract begins in September and because I wanted to book some rooms for my next use year I did need to pay. You would need to pay by the date your year begins or prior if you wanted to reserve rooms after that date. There are more than enough rooms to use and I'm guessing that's because they were forced to stop renting it to non owners. Owners should have no problem using the timeshare right now. I was able to make changes for dates this Summer (which has never been the case in the past). If you have an RCI account you can also deposit your weeks there to exchange for other places. And you can get 2-3 or more weeks for the value of TMC points. We are all feeling the rising costs of these increases which is not right, but part of that problem is all the owners in current years not paying. Now if more and more continue to default on their fees that leaves the rest of us to pick up the cost which is completely wrong in my opinion.