I totally agree that the developer is simply raising prices due to supply and demand - Economics 101. The restriction of supply (fewer new golf courses) while creating more demand (increased home sales) is smart in the short run, but in the long run, if the trend continues, may bite the family as golfers become disenchanted and move off campus. That too is Economics 101. They know that, but the near term revenue increase is probably so large that it's worth the long term risk to them. That short-term mentality is not much different than the attitudes of the Fortune 500 companies I worked for in my previous life.
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