DH and I love going to the Palm Springs area. Someday we may consider a second home or even relocating there. Many of the nicer developments are built around golf courses. However with golf declining in popularity, we are wondering if this would be advisable. We’ve heard of certain communities that outsourced their golf course ownership to a third party because they couldn’t make it economically viable. Later the third party decided they couldn’t make it work either, so either the course is sitting idle and deteriorating, or the course was sold to a developer who built condos on the land.
How big of a risk do you think this is? Obviously it depends on the finances of the HOA and many other variables but I’m curious to hear whether this is something that would influence your purchase.
How big of a risk do you think this is? Obviously it depends on the finances of the HOA and many other variables but I’m curious to hear whether this is something that would influence your purchase.