[rshoffer]

Originally Posted by NJblue

Well, I'm not sure that that's true (unless my sales rep and contract that I signed lied to me). The amenity fee for existing residents is fixed to the rate of inflation. Hence doubling the number of fitness centers won't cost anything more than doubling the number of pickleball courts or swimming pools or whatever. From an existing resident perspective, their amenity fee is going to go up at the same rate whether we add more fitness centers or not.

What it may mean (see below for an exception), however, is that adding another fitness center or two will come from the same budget that is used for the other amenities such as golf and tennis and pickleball. My point has been that the cost of a fitness center relative to the cost of a golf course is almost insignificant and hence not much would have to be given up from other amenities in order to provide another fitness center or two.

Of course, this assume that a fitness center is treated as an amenity. As has been pointed out above, there is a charge for a fitness membersship and hence is not an amenity such as executive golf or swimming, etc. There may be some subsidy coming from the amenity fee for fitness centers, but as of now, 100% of the fixed and operational costs for the fitness centers do NOT come from the amenity fee. If this business model persists, then the addition of another fitness center or two would have an even smaller impact on the other amenities.

Yeah, we newbies can be a PITA with our suggestions, but bear in mind that we represent the next wave of people that is retiring. To ignore our desires/suggestions and keep things the way they were 5 or 10 years ago may come at the cost of TV becoming obsolete. A good business will change and adapt to a changing marketplace. A business that ignores its customers and clings to an old business model is asking to become the next buggy whip maker.

do the amenity fees go down in deflation?