kwtoman, if they choose not to buy at TV, that's not good, right? Home values and collective property taxes, all that jazz. Will they elect buy TV and fund the infrastructure and upkeep of golf courses when they know they won;t be using them, just to play pickleball?
gomoho, I think converting all that acreage to something more fitting for them--that, in the end, they are willing to pay for in upkeep, property taxes, etc.--may be in the offing. Yes.
Good point, Bonny. We grew up in the Johnny Carson/Bob Hope, everyone golfs era. The non-golfers have, historically, at least been open to the idea. These newbies (under 40s) might shun it for life. Their icons and peers do not golf. I don't know. It's an interesting point: can enough of them be sold on it, or will they just avoid buying in TV bc of it from the get-go and never find out.
I like your theory, tuccillo, but I honestly think it takes many, many more than 400 golfing households to support a golf course year-round. If we collected the property taxes, or fees, from 400 golfing households, could we pay for a year-round course? That's a lot of upkeep, water, grass to mow. Many many full-time employees there. My assumption is that it would be much higher. Then the second assumption is that 1/3 of TV households are golfing homes. But, isn't that the point of the CNBC article--the future may well have 1/10th of homes being golfing households. So, if, say, it takes 1000 golfing households to support one course, and 1/10 houses are golfing, that would add up to a grotesque oversupply of links at TV. Don't know, though. Good way to think of it, but since it's all just guesswork from us both, there's no way to mathematically work it out, I think.
PS Here's a link from the USGA.
http://www.usga.org/course_care/arti...e-Golf-Course/
So, bottom line, about $400-$600k annually to maintain and run a golf course, not including construction. Even at the low end, the 400 homes would have to spend $10000/each annually to run the thing. But 4000 homes would have to spend $1000 each (on the low end of maintenance spectrum) in fees and property taxes. Will they? I just wanted to share this cost article from the USGA, who is suffering for members, btw. Like the CNBC article states, 200,000 Millennials have dropped the game of golf last year alone! In one year! And less than 10% of golfers on the links now are under 30. I see a change a-comin'. lol.