Tuesday, April 7, 2009

Golf - A Great Game, An Irrational Business



Above is allegedly some failed Greg Norman golf/housing *development* in Bakersfield, CA. It was called McAllister Ranch and the interesting story is here.

And here's a great article on the plight of Central Massachusetts golf courses and country clubs - Economy Plagues Plenty Of Courses.

The *money* quote:
The good news is if you have the money, you can probably join any golf club you’d like. The bad news is you most likely don’t have the money.

And even beyond that reality, country club memberships, in the Northeast anyway, make ZERO financial sense.

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