Mar 05, 2022
In recent days the board and management has published how costs are increasing - first the small item. The boat trip to Savannah, for St Patties day, in the past was in the $30 to $45 range and now is $60 person. This is for members. To spend $120 for a boat ride for a couple is in the excessive range. - With all our costs the board and management is touting the tent at the Heritage. - we do not know what this is costing us, but it is not cheap ( I worked for a company that has one there and know that this big bucks. The pay back was in a good time for high paying and large contracts companies exec's and the cost benefit ratio could be defined. - is there a cost benefit for us in this in sales etc.? People do not buy because of the tent ( in my opinion! They buy for the life style here. - The board just published the minutes from the past presentation on HP finances - Jeff Smith is doing a great job on explaining what our costs are and where they are being spent, so this is nothing against him - the notes do not state that the projected costs are if all the board suggestions are approved - 10 % dues increase ++ - $ 45,100 over three years for Fill Golf - $ 31,700 over three years for Sig Club Members are already walking with their feet! How will we sell anything over the next few years if potential buyers feel that assets will be in our future? Unless the want items such as the golf course renovation is voted down, especially what is going on with the world economy HP will again go into a downward spiral. Thoughts Paul Vogel
Mar 02, 2022
I talked to a long time, good HP member today and was told they will put their house on the market. If it sells the net effect is nil, however that will only go on for a short time. We have come from having a large inventory to no inventory; however, the possibility of the assessments effect can put us back to the point where we go back to an inventory and few lot sales until after 2024. Why would anyone purchase with the heavy assessment coming in third year? Once we have borrowing capability the board's want items need to be postponed.
Feb 27, 2022
- I was not the creator of this web site and ---thought it was HP supported --- a forum for HP members to comment w/o the rest of the island - what is wrong with it as ------- HP management rarely answers unless there is direct engagement: ie face to face with Doug --------Jeff Smith's presentations are very well done. It is the board's use of them that is in question - It all started with the presentation of the 10% dues plus the $41.5k for SFG and $31.6K for SC - There is a surprising lack of HP member written out cry about this; however, talking to many they are against it and think it is a very bad move. ( to put it mildly) - There have some similar moves in the past, although not as aggressive as this one, and people just talked with their feet. Kept quiet and got out. -I have had discussions with people that could have paid for all of us and asked why they are leaving. The answer was poor practices will lead to more of the same. -If nothing else, why is this not a killer strategy for HP sales. - If I was coming here to purchase and saw those assessments of the above magnitude - I would not purchase - The thinking of the strategy needs to be explained before anyone votes. ----To me with our debt level we have to pay for the musts i.e. roads and put the wants off until our debt level is considerably less than it is not. - would like comments of this