Quote:
Originally Posted by Chi-Town
You are right about the business model. It used to be here's the golf course and here is where your house will be. Now it is here's your house and here is where the golf course will be.
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That is a very good observation.
We lived in Fairfax County, Virginia for 36 years and we observed several communities where they built very nice golf courses first and then started building high priced houses around the course.
After the builder finished the houses and made enough money, they often turned the course over to the homeowners, who then had to recruit members to join the country club. Oftentimes, the homeowners could not cover the expenses to maintain the golf course, and the golf course would close down.
I am very, very glad the Morse family does not use that business model.