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Message
Country club hones--going forward
Posted on 5/30/16 at 6:27 pm
Posted on 5/30/16 at 6:27 pm
I would think it would be a plus for resale. But looking in the next 20 years, do millennials care about being in a country club. Is the country club model a dying breed?
13
Posted on 5/30/16 at 6:46 pm to Ric Flair
quote:
do millennials care about being in a country club.
Posted on 5/30/16 at 8:10 pm to Ric Flair
quote:
I would think it would be a plus for resale. But looking in the next 20 years, do millennials care about being in a country club. Is the country club model a dying breed?
Depends on the location. Most of us want to live relatively near city centers. I'd much prefer live in an apartment/condo in a building downtown than live in a McMansion way the hell down Highland.
Posted on 5/30/16 at 11:03 pm to Ric Flair
CCL is doing just fine
Posted on 5/31/16 at 8:47 am to Ric Flair
I have seen a lot of kids that lived on the CC grounds not do well in life and growing up. Due to that simple minded reasoning, and a desire to live on 1+ acre lots or land, I do not think my family would live in one. I will continue to be a member to one because golf is my hobby and my wife loves the pool.
Posted on 5/31/16 at 10:12 am to Ric Flair
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.
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.
Posted on 5/31/16 at 10:31 am to Ric Flair
quote:
I would think it would be a plus for resale. But looking in the next 20 years, do millennials care about being in a country club. Is the country club model a dying breed?
I know you can get like 3 times the house in English Turn for what you would pay for something similar uptown -- on like 4 times the lot size to boot. I wouldn't touch it right now. Some places may be different (or late to the game), but in general, it seems like a dying model.
Posted on 5/31/16 at 10:47 am to Ric Flair
quote:
Is the country club model a dying breed?
i think it is. You will always have demand for it, especially the really nice clubs. The thing you have to figure in is climate change and water rights. Golf courses are huge energy and water sucks. what will that mean in 20 years? I don;t know, but I don't think its as safe a bet as it used to be. Plus there are a shite ton of these places already built.
Posted on 6/1/16 at 9:46 am to Ric Flair
I think it all really depends on the city and its size. New Orleans has proved that the demand for a country club lot NOT on the golf course isn't that great - English Turn still has countless lots for sale.
My wife and I recently moved to Hattiesburg, MS for my job and joined a CC because I play golf a bunch and for the social aspects of meeting people in a new town. Here in Hattiesburg the country club lots (Canebrake, Timberton and Hattiesburg CC) hold a lot of weight in re-sale value. You can get twice the lot and house outside of the clubs; however, here it seems everyone wants to be in those neighborhoods instead. Again, I think it depends on where.
My wife and I recently moved to Hattiesburg, MS for my job and joined a CC because I play golf a bunch and for the social aspects of meeting people in a new town. Here in Hattiesburg the country club lots (Canebrake, Timberton and Hattiesburg CC) hold a lot of weight in re-sale value. You can get twice the lot and house outside of the clubs; however, here it seems everyone wants to be in those neighborhoods instead. Again, I think it depends on where.
Posted on 6/1/16 at 9:51 am to Ric Flair
quote:
Is the country club model a dying breed?
Depends on the club
Posted on 6/1/16 at 10:08 am to Ric Flair
quote:
do millennials care about being in a country club.
Right now they don't. They may care more in 20 years when they have kids and want them in a good school. I doubt it though.
quote:
Is the country club model a dying breed?
In some ways, it is. I doubt you'll see many new country clubs open in the coming years. A lot of the ones around here have drastically cut their initiation and membership fees. I was shocked at how relatively inexpensive one near me was when we were approached about joining. There are a lot of houses on its golf course, and it's in a good school district so it will probably survive. Though it wouldn't surprise me to see it go semi-private at some point. The golf course already is, but the pool, tennis courts, and bar/restaurant are still members only.
Posted on 6/1/16 at 1:06 pm to Ric Flair
When Millennials start moving out of their parents house and start having children, we will get a better picture of the sustainability with the country club model. I don't think they know what they want yet.
I think the golf course clubs will continue to dwindle. Too risky and too expensive to maintain.
I also think we will continue to see the community swimming pool neighborhood approach grow.
kids...they're dictators. I can't leave my backdoor open if I'm in the downtown NOLA and tell my kids to go play.
I think the golf course clubs will continue to dwindle. Too risky and too expensive to maintain.
I also think we will continue to see the community swimming pool neighborhood approach grow.
kids...they're dictators. I can't leave my backdoor open if I'm in the downtown NOLA and tell my kids to go play.
Posted on 6/2/16 at 12:56 pm to Ric Flair
Sales of golf equipment have been plummeting, and the average age of golfers is 54. That being said, trying to predict a trend in 25 years seems like a fool's errand to me.
Posted on 6/3/16 at 4:15 pm to Ric Flair
There will always be a demand for country club living.
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