re: Country club hones--going forward

As long as people like to play golf, I think you will always find demand for houses on a golf course.

Membership clubs are struggling, especially ones that are not tied to amenities like golf and swimming. One of the clubs in Baton Rouge closed recently. It was downtown.

Used to be, many years ago, both senior and junior executives were given corporate-paid memberships, because companies did a lot of business in the executive dining room and they realized it was important to show the next generation how it works. Lately, less deals take place in those areas, and companies have reserved those memberships for only the most senior execs.