Been waiting for the perfect time to try to buy your first home and take advantage of the all the sweet deals to be had in the post-bubble real estate market? You might be looking in the wrong place.
It took long enough, but four years after the regular housing bubble burst, the luxury golf community market is bursting—and bursting hard. A fun new video from the WSJ claims that lots on some luxury golf communities can now be had for as little as $1 and that many houses are being sold for as much as 50% off.
Why now, you ask? Over-speculation in golf development in the boom years, combined with the economic decline somehow finally catching up with the luxury golf set, combined with a huge uptick in people not giving a flying fuck about golf have created a “perfect storm,” according to WSJ, that is rendering these developments little more than perfectly manicured, glowing-emerald wastelands.
What’s that? You yourself don’t give a shit about golf? Well fear not—according to WSJ some of these developments are seeing such indifference to the sport that they don’t even allow play on the greens anymore. You can now use that golf cart for what it was intended—legal drunk driving and sandpit-jumping.