We need to keep the residential developers out of the Golf Development business. This was the single reason 2007 was so devastating to our business. Once central amenity / green space golf courses did not have lot sales to prop-up acceptable course losses, the entire scheme collapsed.
Golf has been on an incredible run. And I firmly believe it will continue to grow, because the foundation is solid. Of course, golf will follow some economic cycles, and we may see a dip at some point. But golf is in a much stronger position than it was in the late 2000s.
We need to keep the residential developers out of the Golf Development business. This was the single reason 2007 was so devastating to our business. Once central amenity / green space golf courses did not have lot sales to prop-up acceptable course losses, the entire scheme collapsed.
You said, "Golf has been on an incredible run. And I firmly believe it will continue to grow, because the foundation is solid."
Just wait until the coming recession, and then watch the numbers plummet.
Thanks for clipping what you wanted to read Bill.
Here is the whole quote.
Golf has been on an incredible run. And I firmly believe it will continue to grow, because the foundation is solid. Of course, golf will follow some economic cycles, and we may see a dip at some point. But golf is in a much stronger position than it was in the late 2000s.