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OT - 'Billionaires' playgrounds': the $1mn fees upending Florida's golf clubs
David_Tepper:
"Cost of joining high-end clubs skyrockets, if aspiring members can get off the waiting list"
Article in the Financial Times:
"Luxury golf clubs in south Florida have begun charging high six- and seven-figure joining fees as a pandemic-driven influx of wealthy Americans drives demand for tee times to previously unseen heights."
https://www.ft.com/content/cb5a0e3d-b4e1-483c-b324-14e2bb34558d
Sorry, gated.
Tom_Doak:
It's not just billionaires. If you are moving from NY to Florida and you want to get into a good private club, you are looking at the new ones, because you can't get into Seminole or Jupiter Hills or Indian Creek anytime soon.
The price is set to the demand, although some of the most expensive tickets are some of the least good courses, because they assume newbies won't know the difference.
Steve_ Shaffer:
See Shell Bay Club and Apogee :
https://golfweek.usatoday.com/gallery/shell-bay-club-greg-norman-course-1-million-dollars-south-florida/
Matt Schoolfield:
This is like an Onion article satirizing everything I hate about American golf culture, except it’s serious.
Rob Marshall:
--- Quote from: Matt Schoolfield on April 10, 2024, 08:54:24 PM ---This is like an Onion article satirizing everything I hate about American golf culture, except it’s serious.
--- End quote ---
Why? They spent millions building these clubs and they are supposed to let people in for $1000? It's a business and some of these clubs turn around and contribute back to help people in need. Do a little research on how the Bridge in Sag Harbor gives back just to name one.
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