In the rush to attract as many potential buyers as possible, most mid-level to high-end golf communities offer such add-ons as tennis courts, Olympic-sized swimming pools and fitness centers with equipment that would make the New York Athletic Club jealous.  Developers know that many of us baby boomers lust for the fitness of our youth and plan to do something about it once we get out of the rat race of careers and into our golden years.  The reality is, however, that most of us will opt for a round of golf rather than 90 minutes on the cardio machine.

        Baby boomer hard bodies (and wannabes) are a small minority of golf community residents, but that hasn’t

Don't we want to escape the treadmills of our lives when we retire?

stopped developers from stocking up their fitness centers with banks of wall television monitors and the most modern (and expensive) ellipticals, exercise bikes, free weights and treadmills.

        It’s the treadmills that get me (as well as the TVs).  I don’t begrudge a fellow boomer his or her exercise, and I wish I had the discipline to join them, but there is something ironic about treadmills in a planned community’s fitness center.  Isn’t it the “treadmill” aspects of our lives that we are trying to escape by moving to a place of beauty and tranquility (and golf)?   Isn’t it just as beneficial physically, but much more mentally rewarding, to walk or run through our coastal community, past marsh and live oak trees dripping with Spanish moss, or across the highest point in our Blue Ridge community with its 50-mile long mountain vistas, than pounding a strip of vulcanized rubber at the same boring pace, over and over, with CNN on the wall, reminding of us of how much our stock portfolio has lost or how many lives have been ruined by the latest unnatural disaster?

        Dear Developers:  Lose the treadmills and dedicate the space to mental fitness centers.  Some of us could use it…before and after our rounds of golf.

SpringIslandFitnessCenterinterior

The 3,000-acre community of Spring Island, near Beaufort, SC, has opened a $5 million, 12,000-square-foot Sports Complex to complement its outstanding Arnold Palmer Design golf course, Old Tabby Links.  The new complex includes tennis courts, a large pool, croquet court and fitness center, as well as an Outfitter Center where residents and their guests can pick up fishing and kayaking equipment.  At eventual full build out, Spring Island will be home to just 410 families. 

Photo courtesy of Spring Island.

        A group of economists who take part in a monthly survey about the U.S. housing market believes prices will begin to rise nationally in 2011 and will increase 12.4% between 2010 and 2014.  The responses from the Macro Markets Panel also indicated that home prices have risen nearly 5% in the year that ended in March, but that they have fallen in the most recent quarter.  The conclusions reflect the input of 92 of the group of 100 Macro Markets participants, who are economists and housing market analysts and strategists.

        Any significant near-term rise in home prices could have a significant effect on the migration of baby

A panel of experts believes home prices will increase 12.4% between now and 2014.  Your editor believes the rate will be higher in the southeastern U.S.

boomers from north to south (actually re-migration since the migration started before the 2006 housing crash brought it to a halt).  It seems reasonable that when that population flow of well-resourced retirees begins again, home prices in the south will rise faster than in the north, generally speaking.  Real estate operates on the simple principle of supply and demand, and when the pent-up demand for retirement homes in warmer climates is unleashed, those who wait to squeeze out the last penny from their primary homes might find that waiting cost them more at the other end.

        The northern U.S. is not the only source of emigration to the Carolinas and other popular retirement and vacation spots in the southeast.  Floridians tired of increased insurance prices, the threat of hurricanes, a crumbling infrastructure and beastly summer heat are heading to the cooler Carolinas; and many Californians, who saw their home values skyrocket before the crash but still have considerable equity in them post-crisis are also looking east.

        I am currently working with a dozen couples looking for their dream homes on the course in the southern U.S., and I would be happy to supply others with the benefits of my experience and hundreds of visits to golf communities.  Simply contact me via email and I will respond promptly.  There is never a fee for my advice or assistance.

        Macro Markets was founded by Yale economics professor Robert Shiller who predicted the major stock market and housing bubbles of the last decade.  Shiller is also the co-founder of the Case-Shiller index, which tracks home prices in 20 major U.S. markets.  A Wall Street Journal article about the latest Macro Markets survey is available by clicking here.