Your editor weighs in on golf course ownership

    A few weeks ago I was interviewed for a piece in an online investment newsletter, for an organization called NuWire, on the subject of owning and operating a golf course.  It is not exactly my area of expertise, but the reporter thought I could contribute something.  It is a cautionary article, the upshot of it that anyone contemplating the purchase of a golf course ought to think twice about it - - and maybe three or four times.
    That said, there are many courses available for sale now, and the prices are close to historical lows. (The operating costs, however, might be the highest ever.)  For a sampling, check out the web site for Coldwell Bankers' National Golf Sales.
    You can read the NuWire article by clicking here.