Quote:
Originally Posted by biker1
Go back and check your amenities' fee near the anniversary of when the contract was first signed on your house. On that anniversary (might be the month before), your amenities' fee will go up by the CPI. For March 2023, my amenities' fee went up 6.4%. For March 2024, my amenities' fee went up 3.1%. Those numbers match the percentage change in the CPI-U for the 12 months ending in January of 2023 and 2024, respectively. Perhaps they look back two months for the exact annualized value to use?? For 2 years this March, my amenities’ fee is up 9.7%. With a different anniversary month, you might see a different percentage increase. You can check your deed restrictions on districtgov.org for the exact wording that ties the amenities' fee increases to the CPI. I use the standard formula for increases; ((New - Old)/Old) * 100. When you bought your house matters as not everyone pays the same amenities’ fee.
|
Correct! Fact check: TRUE
Simplier formula:
New / Old -1
no need for parenthesis on the calculator
