Quote:
Originally Posted by graciegirl
There has never been one of those horrible assessments like golf course communities have suffered elsewhere.
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That is what we saw happen in Virginia.
A developer would build a golf course so he could sell house lots for more money. After he had made all the money he could, he would turn the course over to the home owners, who would then have to find a way to pay for the maintenance.
We saw quite a few nice courses, like Beacon Hill in Leesburg VA, close down because the home owners could not support it.