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The bunker that guards the right side of the 12th fairway at Sunningdale is bogey territory...or worse.

 

From time to time, I will share photos, diagrams and observations here about holes that are rated the #1 handicap on their courses.

    I would have been quite content on a recent first trip to Scotland to have played the Old Course at St. Andrews and just the few other terrific links layouts we played.  The Old Course met every expectation I had in terms of atmosphere and nostalgia.  The golf course was a delight, a mix of the familiar (from having watched the Opensunningdale12thholeydgebook.jpg Championship on television and skimmed golfing picture books) and all the inherent atmosphere of where the game began.  During that same week, our rounds at Elie, Lundin and Crail Links, as well as a surprisingly challenging round at Scottscraig, the world's 13th oldest course, were all so good that I could have stuck the golf bag in its travel container and gone happily on to London for a week of relaxation with the family.
    But as luck would have it, golf had been arranged for my son Tim and me at Sunningdale, a belated birthday present for Tim from his English aunt (my sister).  After all the golf in Scotland, I didn't expect the famed Sunningdale to be an improvement, certainly not on the Old Course.  
    Boy, was I wrong.   The Willie Park Jr. course, which I wrote about previously here, was wondrous in all regards -- condition, layout, atmosphere on and off the course, everything.  I didn't play well and I didn't care.  Standing over my ball and looking down each fairway or over the rising slopes in front of the greens, I thought how great it would be to be a professional golfer with the ability -- and chutzpah -- to stare down the forced carries and swirling putts, and to linger for an exquisite moment or two deciding whether a lofted shot or bump and run was the best way to approach one of Mr. Park's sloping greens.
    The toughest hole at Sunningdale's Old Course, the par 4, 404-yard 12th, wraps all the course's challenges into one big present for those with the stiffest of upper lips.  As you stand on the tee, you are faced with a thinking man's choice; aim down the right side and chance landing at the base of the swale just into the rough about 230 yards out or worse, the yawning steep bunker another 20 yards along; or go the short way down the left and face the prospect of a long approach from a kidney-shaped bunker, also about 230 yards from the tee.  If left is the choice, then the approach must fly a series of five bunkers that split the middle of the fairway diagonally, like a group of armadillos marching down a Texas highway.  For good measure, a bunker at front left makes any safe play short of the green a big risk.  Just to add to the all-or-nothing-at-all nature of the approach shot, the green is elevated, with significant runoff on all sides.
    Once on the green, hopefully in no more than three shots, the sloping is not as severe as on some of the other surfaces on the course, the only "break" you get on this terrific hole.

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The best approach to the well-protected, elevated 12th green is from the center of the fairway. (Now there's a revelation!) 

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In a market in which some developers are going under, it is best to buy in an established community with a stable history.  The Landings at Skidaway Island, near Savannah, is one of many southern communities that fit that description.  The 20-year old, 4,500-acre property features six excellent golf courses. 


    Despite all evidence to the contrary about the U.S. housing market, this headline in the Hartford Courant's business section greeted me this morning:  "Housing: A Ray Of Light Shines In."
    The housing market is not a religion; a little faith does not go a long way.  Indeed, it can send people down the wrong investment path if they believe everything the preachers of optimism dole out.  Someday, the market will indeed turn around, but IF is never the point in timing any market; it is all about WHEN.  And there is a word for those who think they can time any market precisely (insert your own synonym for "loser" here).
    Yesterday, the U.S. Commerce Department reported sales of new single-family homes dropped 6/10 of a percent in June, "less than half the decline

The experts were surprised at the latest new home sales figures, extending their streak of ignorance.

that had been expected..." by industry observers.  I understand that journalists have to listen to "industry observers"; except for the few major papers that can afford an on-staff real estate reporter, the rest are left to repeat whatever the experts say.  But that doesn't mean the rest of us have to believe any of it if all logic is to the contrary.  The "experts" have not exactly nailed the housing trends over the last few years; the fact that they were off by half in predicting new homes sales just sheds additional light on their irrational exuberance (read ignorance).
    The new home sales report follows Thursday's report on existing home sales, which dropped 2.6 percent in June.  Foreclosures continue to glut the market and have the banks so fearful about lending money that only the well-to-do need apply.  Of course, the core business of banks is to make loans, so when they decide to purposely slow down their own revenue generation, that puts an entire category of buyers on the sidelines.
    But therein lies the opportunity.  Cash is king in a market where there are plenty of sellers.  My real estate contacts in the southern U.S. report scores
One of my real estate contacts was able to negotiate a savings of $100,000 for a client.

of great listings at impressive prices (and that includes not just private sellers, but developers of communities with a nice array of amenities, including golf courses).  One real estate contact told me this week she was able to negotiate a $100,000 savings for her customer on a $900,000 property.  Proportionate deals are available across the range of real estate options.

    Anyone with cash - in the bank or available in their primary home - has the leverage to work out such a good price on their next home that they can be liberal about cutting the price on their primary home.  You lose a little on one end, but you make it on the other.  When opportunity knocks, don't knock the opportunity.
    As for worrying about the appreciation on your next home, you can cover yourself by buying into a stable, established community in the southern U.S. that is already a magnet for baby boomers.  Their younger counterparts, part of a group of 76 million, will be joining them in the coming years.  Eventually, markets recover.  The experts cannot be wrong forever.