GoToby has a good column on what is happening to Golf Courses across the country:
https://mail.google.com/mail/?hl=en&zx=1xrfpfy7y8ks3&shva=1#inbox/1252c19451c912c7
It links to this full article inn the LA Times:
http://www.latimes.com/news/nation-and-world/la-fi-golf22-2009nov22,0,3028616,full.story
We have that situation here in Palm Coast with our Matanzas Woods golf course. Property on this and in The Conservatory can be bought for a song because the future of both is unknown.
Whereas, houses and condos on the newly opened municipal course should jump quickly in value. The course is already getting lots of play and publicity and the city owns it and wants it as a showpiece.
I think a well placed investment in the right golf course lot, condo, or house right now could be a good move with realtively low risk and carrying costs and possibly real good long term gain. Better than holding dollars. Easier than picking the right stocks. Less speculative than gold. Offer cash. Plan to hold ithe property for 2-5 years.
You need local knowledge, though. Talk with a dedicated Buyers Agent. Talk To Ted!
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