Brian,
Members who paid 10, 20, 50 k down will have to be dragged kicking and screaming off the course before they vote to give up the amenities they bought into and have become used to.
Kinda like the guy I saw kicking and screaming as they closed the doors on the last Blockbuster, complaining he had no where else to rent videos.
I admire anyone who has joined a private golf club -- they've clearly made an investment in an entity that many of us around here care about (stewardship of good and sometimes historic golf clubs, or recognition of the growing quality of modern-day architecture).
But some of the comments here -- not all, but more than a few -- seem to suggest that private golf clubs can somehow be immune from the vast changes occurring both economically and socially in our country. Maybe it's just the circle of folks I run with, but.....
-- I know of no one under the age of 25 who subscribes to a newspaper (sayeth the ex-newspaper man);
-- I know of no under under the age of 16 who doesn't own a cell phone -- and most of those are smart phones;
-- I know of no one who -- as the first step in buying a car -- goes directly to a dealership and asks: "What's on the lot?"
-- I know of hardly anyone who hasn't used Amazon in some way in the past year for an economic transaction.
A few other nuggets to chew on:
-- The baby boom is on the verge of not playing golf much anymore; I was born in 1961, at the very end of the baby boom that began in the mid-1940s, and I probably won't play much golf in about 10-15 years. I assume those born at the start of the baby boom have largely stopped. Birth rates are now roughly half of what they were during the baby boom, and have been mostly flat for the past four decades:
http://www.pewresearch.org/fact-tank/2013/09/06/chart-of-the-week-big-drop-in-birth-rate-may-be-levelling-off/-- Wages (disposable income?) make up a smaller share of the GDP than at any time since the mid-1970s:
http://www.nytimes.com/2013/01/13/sunday-review/americas-productivity-climbs-but-wages-stagnate.html Say what you will (I won't
) about economic wage disparities these days, but I'm doubtful private golf clubs can survive on the wage gains of the upper strata of our economy alone. Some will, but not nearly as many as we have now.
-- The best golfer of all time admits his children don't play golf anymore:
http://www.bizjournals.com/columbus/print-edition/2012/04/13/golf-clubs-moving-past-economic-malaise.html?page=allWhat's the point of all this?
I wonder if private golf clubs aren't missing the larger picture here. The world out there is an increasingly transparent one, and hyper-connected one, and institutions (not just private golf clubs) that don't recognize that risk, in my view, their enterprise. The issue, to me, isn't whether or not a club posts membership pricing on its website; it's that clubs that don't start to resemble the corner bookstore, or buggy-whip maker, holding on to old traditions that make little sense anymore. As the great Danny DeVito said, the surest way to go broke is to gain an increasing share of a shrinking market:
http://www.youtube.com/watch?v=62kxPyNZF3Q