this post was submitted on 12 Nov 2023
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No need to worry. As soon as real estate prices go up those golf courses will be repurposed for other needs.
Don't underestimate the capacity of rich people to flaunt their excesses, while the people are suffering in scarcity.
Nothing to do about the rich.
Though my comment was made moreso as a tongue-in-cheek type of comment, I'm also just stating facts that I've actually seen with my own eyes.
I live on a part in the planet that used to have plenty of golf courses (and movie drive-ins for that matter), and now they're all gone, because as more population moved into the area, more real estate was needed for housing.
This is interesting. Out of curiosity, did the golf courses use to be more affordable back then?
I couldn't tell you if land back then was less expensive, or that land today is worth so much that you make more money selling it to build houses on it versus running the golf course.
Yeah, I've watched two golf courses within 30 minutes of me make way for multifamily residential, some for age restricted residential.
The majority of courses in my area are built on old farms, though.