re: Country club hones--going forward

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.