re: LaTour golf course closing

quote:

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but people not join clubs anymore.

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That's unequivocally false.

It's a retention issue. My club had 100+ new members join in 2016, yet still netted -8 for the year. The vast majority of club members rescind within the first 2 years.

People join a club thinking it's a value, but then realize they didn't have as much disposable time as they truly thought or their life changes in some manner.