• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Manhattan Club MF

e.bram

Guest
Joined
Jun 6, 2005
Messages
3,185
Reaction score
124
Points
399
Location
Fort Lee, NJ
Why is MC's MF so high? Nothing else in NYC is much higher than other places.
 

gmarine

Tug Review Crew: Rookie
TUG Member
Joined
Jun 6, 2005
Messages
4,304
Reaction score
17
Points
423
Why is MC's MF so high? Nothing else in NYC is much higher than other places.

Real estate in NY isnt higher than other places?
 

e.bram

Guest
Joined
Jun 6, 2005
Messages
3,185
Reaction score
124
Points
399
Location
Fort Lee, NJ
The value of real estate is hygh in NYC, I agree. But if you own the MC(by deed) that should not be a factor in the MF. If you have a coop or condo in NYC the MFs are lower than the surrounding suburbs because the RE taxes in NYC are low.
 

Jennie

TUG Member
Joined
Jun 9, 2005
Messages
1,808
Reaction score
3
Points
398
Members of The Manhattan Club owners Yahoo Group have been discussing how best to "fight" the huge rise in maintenance fees and the great difficulty encountered in reserving their weeks or nights.

A law firm that specializes in class action lawsuits has been contacted and is exploring the situation.

Some folks suggested contacting the New York State Attorney Generals Office. Surprisingly they have been very cooperative. Owners have been encouraged to file an official complaint and many have done so. The person handling the "file" is Benjamin Flavin tel. 212-416-8722. He has been returning VoiceMail messages promptly.

To file a complaint: http://www.oag.state.ny.us/complaint...comp_real.html

To join the Yahoo group go to:
http://groups.yahoo.com/group/manhattanclubowners/
 

Jennie

TUG Member
Joined
Jun 9, 2005
Messages
1,808
Reaction score
3
Points
398
Members of The Manhattan Club owners Yahoo Group have been discussing how best to "fight" the huge rise in maintenance fees and the great difficulty encountered in reserving their weeks or nights.

A law firm that specializes in class action lawsuits has been contacted and is exploring the situation.

Some folks suggested contacting the New York State Attorney Generals Office. Surprisingly they have been very cooperative. Owners have been encouraged to file an official complaint and many have done so. The person handling the "file" is Benjamin Flavin tel. 212-416-8722. He has been returning VoiceMail messages promptly.

To file a complaint: http://www.oag.state.ny.us/complaint...comp_real.html

To join the Yahoo group go to:
http://groups.yahoo.com/group/manhattanclubowners/
 

Hoc

TUG Lifetime Member
Joined
Jun 7, 2005
Messages
2,560
Reaction score
1
Points
523
Location
Orange County, CA
They do it for one reason: Because they can. The majority of MC owners paid outrageously high prices to buy their units, and want to believe that it was worth it, based on distorted views of the cost of hotel rooms in Manhattan. Also, they are still trying to sell what is now a lie: "We are the only timeshare in Manhattan." So, the management knows that it can further rip off the owners by charging outrageously high annual fees for the same reason. Notice that the fees are not being used to maintain the property -- it is deteriorating quickly, was shabby eight years ago and is going downhill even more quickly now.

The one thing left about the MC that is good is its location, but with the cropping up of multiple other timeshares in Manhattan, there really are much better choices.
 

Tia

TUG Member
Joined
Jun 6, 2005
Messages
3,282
Reaction score
446
Points
468
Seems like it's another case of the developer/managment company lining their pockets

.... So, the management knows that it can further rip off the owners by charging outrageously high annual fees for the same reason. Notice that the fees are not being used to maintain the property -- it is deteriorating quickly, was shabby eight years ago and is going downhill even more quickly now....
 
Top