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Amenity Fees
Is there a cap on the annual amenity fees increase? Our new bill shows an increase of $14.13 for June, or 9.5%.
Last year the increase was about 2.5% increase. |
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The amenity fee increases are tied to the CPI (not sure exactly which flavor of CPI, there are several) on the anniversary of the sale of your home. The exact language is in your deed restriction, which can be viewed on districtgov.org.
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Ours increased by $12.05 to $173.12 in March 2022. That is 7.48% and matches the CPI-U for January 2022. The CPI-U for March and April 2022 are 8.5% and 8.3%, respectively. For March 2021, it was 2.6%.
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M
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This CPI is not reflective of how seniors spend their income. I only mention that because YOUR CPI rate is probably quite different than CPI-U. CPI-U is weighted on housing costs. If you own your home most of this does not impact you (housing costs include utilities) it's fairly light on medical. |
Yes, my increase seems to match up with CPI-U. I thought it may have been CPI-W but checking the numbers indicates it is CPI-U.
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Better for who?
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No cpi figures in the Medicare of raises either .!
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They are making it all funny money, but they lowered Dad's SS.
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A cap is not desirable or realistic
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No cap. We had one but was cancelled. It had been capped at $155. No more!
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