IMO if that happens, it'll change the entire thought process for MVC buying and exchanging. IMO there are 4 components to a good trader. Low buy in cost, reasonable fees, good to very good trade power (non are high end) and lock off capable. Specific to your question, if fees for HL & GV make them poor choices as a MVC trader, does it narrow the field simply to WR & GC or does it broaden the field to include CA desert options and Ocean Pointe in the core group? And possibly bring Doral & Legend's Edge more into view due to the FL Club option. An increase in fees sufficient to cause this shift will certainly result in a reduced price. Personally I don't see if making any difference to most and for those where it does, it'll likely be more of an emotional block that a financial one. If it's a financial one, they shouldn't be buying anyway if a could hundred $$$ a year per week makes this unworkable for them. As I said recently though, I expect HL to end up with lower fees than GV in a few years.