Anyone who still thinks “safe” investments can yield consistently good returns has never heard of a guy named Madoff. If the last few years taught us anything, it is that investments that seem too good to be true are. No group of investors learned this lesson a harder way than real estate speculators who gambled that what goes up most continue to go up. After the crash, few of us shed tears for such rampant –- some would say greedy –- speculation, but let’s not forget that many folks who had no greater intention than to buy and live in their retirement home were hurt as well.
As prices have reset to pre-boom levels, and 401Ks have recouped most of their recession losses, many baby boomers are coming back to the market for a golf community retirement home, and many working couples are thinking that maybe it is the time to think about a vacation home with a golf course and other amenities. All of these buyers are concerned about the safety factor in whatever they buy.
In the March issue of our free monthly newsletter, Home On The Course, we will discuss the status of the ownership of a golf community and its surrounding real estate as a function of the long-term financial security of the community. We will look at a few communities and clubs owned entirely by their residents, at communities whose residents make decisions about the real estate but not the golf club, and at communities in which the developer runs everything. Some are safer than others but you can find a secure community across all the categories. Learn how in the next issue of Home On The Course, arriving in email boxes in the next few days.
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The Brunswick Forest golf community of Leland, NC, and its Tim Cate designed golf course are fully owned and run by one entity. The community is featured in the March issue of Home On The Course.
