Quote:
Originally Posted by darklord700
Does it mean I pay $15K now and can get 80% back when I decide to leave the club?
|
So the 80% refundability does mean that you'll get 80% of the $15K back if you decide to resign your membership down the road.
The catch is the GC will only refund you the money after they've sold your membership. And for a new GC, you could be waiting a while to get your money back.
If it all works out, it's not a bad deal because your cost is only $15K x 20%=$3K.
Talked to a Hamptons member and he said the reason they sold out the Hamptons memberships in 2 months was because when Windmill bought Hamptons, the old Hamptons' members got paid out. And then some or many of them bought back the membership at a great price ($15K with first annual fee waived).