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Duncan Cheslett

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #150 on: December 31, 2019, 01:04:29 AM »
"Why won't Millennials join Country Clubs?"


Because they're not old enough yet!


I've been watching this thread with an outsider's interest. While the country club model has never really caught on in the UK many of the same issues pertain regarding an overall decline in membership of golf clubs.


Millennials are currently aged roughly between 22 and 37 years of age. This places them squarely in the cohort who are working hard to advance their embryonic career, are saving to buy and do up their first home, and are raising young kids. Golf - even for very keen former junior players - takes a back seat for the vast majority of 22 - 40 year olds.


In the UK golf clubs cannot attract significant numbers of Millennials as members, even by offering vastly reduced subscriptions for the under 35's. Typically, a guy in his early 30s over here would have to pay no more than £500 - £1000 per year for unlimited golf and full membership of a half decent golf club. Yet clubs still find it a very hard sell!


The current cohort of 22-40 year old fathers is clearly under greater social pressure than previous generations to play a hands-on role with their kids at weekends. Disappearing to play golf for half a day every Saturday is no longer acceptable behaviour and will surely lead to the divorce courts for most. More importantly, most young dads actually want to spend their leisure time with their families!


Golf has become a game for the middle-aged. Apart from a period in the 60s now looked back on nostalgically by older members as "the norm" it probably always was. The Tiger boom of the 90s provided another short-term boost among the young but that too has run its course.


I remember both my grandfathers as being keen golfers. Neither of them however, had ever picked up a club until they retired at 60.


I joined my first club at 50.

Yesterday I ran into the former Hon Secretary of Reddish Vale in the local supermarket. Now in his mid eighties, he is the epitome of a club man. Past Captain, Hon Sec for ten years, he lives and breathes Reddish Vale and still plays twice a week. He told me yesterday that he is approaching his 50th anniversary of being a member at the club.


Do the math. He didn't join a golf club until his mid-thirties.  Plus ca change.




The thing is, it's not necessarily a problem. Golf just needs to sell itself to its prime demographic; 35-60 year olds of both sexes.


Getting young Boomers and Gen Xers to join golf clubs is far more important than trying to appeal to Millennials.  Their time will come soon enough.


 


« Last Edit: December 31, 2019, 03:18:00 AM by Duncan Cheslett »

David Harshbarger

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #151 on: December 31, 2019, 03:46:07 AM »
"Why won't Millennials join Country Clubs?"


Because they're not old enough yet!




[Checks notes]


Age when joined club: 44
Career status: recent promotion
Family status: all on ground
Spouse status: "you'll take the boys away from me on Saturday's for only how much? Done!"


[Puts down notes]


Yup, Cheslett story checks out.
The trouble with modern equipment and distance—and I don't see anyone pointing this out—is that it robs from the player's experience. - Mickey Wright

Lou_Duran

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #152 on: December 31, 2019, 09:35:46 AM »
If you are given everything you don’t join anything.
Boy that rings true.

You might as well also ask why do younger folks prefer the cheap throaway IKEA type decor over classically styled reproduction or actual antique designs be it furniture, cut glass, etc. You can't even give it away to them so these assets have shed tremendous value. They value "experiences" over tangible things or even associations; they abandon libraries for google, and cultivate a social life that is self absorbed and insular.

And for those who, mostly from the outside looking in, condemn all that there is to enjoy from a club membership because of their perceived notions of exclusivity etc how many of you are participating in Kwanza events right now? People have the right to associate how they choose by things that bring them together.


“What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as freedom should not be highly rated.” T. Paine

Interesting discussion which should be encouraged, not thwarted.  With all the news reports that socialism is now cool with young people, some consideration might be given to the wise Mr. Paine.  The second part is particularly critical as the overwhelming desire to do one's thing is completely incompatible with Big Government providing "free" stuff.  Quid Pro Quo is not just a political phrase in this regard.

A major problem with many young people throughout the ages is the lack of awareness and perspective without sufficient inhibition of impulses and ego.  Many, only when they gain experience through the school of hard knocks, will come to the perspective mostly reflected in the Serenity Prayer.  It is only bittersweet for me to hear from my own adult children confess that I was right on a few important matters; sweet only because they were finally surrendering the innocence of childhood, bitter because of the suffering that we all endured as a result of their ill-advised actions.  But I digress.     

First of all, there are MANY private CCs in the U.S. with long waiting lists which include Millies in the line (one in Dallas reportedly sent a letter to aspiring members to consider joining another club while they wait a possible decade or more).   i know numerous men and women in their 30s who are members of one or more private clubs.

Golf is niche sport.  The vast majority of people who live in golf course communities don't even play golf.  Most of the people I associate with in my neighborhood don't play golf.  The few that do look at me like some kind of golf-crazed, one-dimensional person.  I haven't seen the data, but I suspect that golf participation among the Millies is not all that different than it was before the Tiger Woods era.

And if they are not joining clubs, look at economics first and the cultural changes referred to in this thread.  No doubt that male Boomers and following generations take child-rearing more seriously.  Mobility of work and employment throughout a career is a factor- Club Corp appears to have found a solution here.  And don't underestimate the impact of the myriad of taxes and fees- death by thousands of cuts- to undermine disposable income.  What do you fund, the $750 lease on the Lexus or a club's monthly dues?
« Last Edit: December 31, 2019, 03:19:57 PM by Lou_Duran »

Erik J. Barzeski

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #153 on: December 31, 2019, 10:35:28 AM »
Because they're not old enough yet!
Millennials are born 1981-1996. The youngest of them is 23. The oldest is 38. They're old enough.
Erik J. Barzeski @iacas
Author, Lowest Score Wins, Instructor/Coach, and Lifetime Student of the Game.

I generally ignore Rob, Tim, Garland, and Chris.

JESII

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #154 on: December 31, 2019, 10:40:57 AM »
Erik, his implication was simply that as a group, they do not yet have all the requisite attributes to populate country clubs.


Would you argue that the average 35 year old has the disposable income, available time and interest in joining a golf/country club that will cost $500+ per month?

Joe Hancock

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #155 on: December 31, 2019, 10:43:23 AM »
I appreciate the economic portion of this discussion particularly. To me, it’s simple; If the health insurance industry is allowed to force us to pay as much for health insurance as we pay for a house mortgage(and that is true, in my case...and I suspect most others who have to actually pay taxes as well), there isn’t a whole lot left for golf, let alone country club life.


To me, the discussion isn’t about any particular generation, unless you categorize corrupt politicians as a generation unto themselves.
" What the hell is the point of architecture and excellence in design if a "clever" set up trumps it all?" Peter Pallotta, June 21, 2016

"People aren't picking a side of the fairway off a tee because of a randomly internally contoured green ."  jeffwarne, February 24, 2017

Erik J. Barzeski

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #156 on: December 31, 2019, 10:51:31 AM »
Erik, his implication was simply that as a group, they do not yet have all the requisite attributes to populate country clubs.

Would you argue that the average 35 year old has the disposable income, available time and interest in joining a golf/country club that will cost $500+ per month?
I know, but I think a lot of people think of Millennials as just being 20-25 or something. They're older than people (seem to) think.

And $500/month? Sure, many of the ones in their 30s have that. I joined a club when I was 25, because it was important to me. Most? No.
Erik J. Barzeski @iacas
Author, Lowest Score Wins, Instructor/Coach, and Lifetime Student of the Game.

I generally ignore Rob, Tim, Garland, and Chris.

JMEvensky

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #157 on: December 31, 2019, 11:08:20 AM »



And $500/month? Sure, many of the ones in their 30s have that. I joined a club when I was 25, because it was important to me. Most? No.




Is there really any more to it than this?


Those for whom golf is important will join. The problem seems to be golf isn't important, either relatively or in the absolute, to a large percentage of them.

Erik J. Barzeski

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #158 on: December 31, 2019, 11:17:06 AM »
Is there really any more to it than this?

Those for whom golf is important will join. The problem seems to be golf isn't important, either relatively or in the absolute, to a large percentage of them.
Depending on the options available to them, though, many could have golf be important but play at a variety of places.
Erik J. Barzeski @iacas
Author, Lowest Score Wins, Instructor/Coach, and Lifetime Student of the Game.

I generally ignore Rob, Tim, Garland, and Chris.

Mike_Young

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #159 on: December 31, 2019, 11:49:27 AM »
Reading Lou's post and some of the others above:  Is it fair to say exclusivity is earned and not purchased?  There will always be a few of those clubs around but for the average American city with a private country club the model is done.  Also with all the talk of "socialism etc going around, don't you think the 501c7 private club structure is socialist?  The little bridge ladies who play bridge everyday and pay the dues while other play golf are subsidizing entire clubs often and they will go away. 
The way I read the question is "Why Won't Millenials Join Country Clubs" as a question for the future not the present.  I'm not saying they will not join.  I'm saying the private club we know had better change and not just some health club with hummus sandwiches etc.  It's so funny to watch this industry try to make the private club the mountain top for golf.  Ask yourself.  Does Bone's Steakhouse in Atlanta have a better menu and dining area than Longhorns steakhouse?  Sure they do.  But the steak at Longhorn will work most of the time.  Efficiencies are going to come into play sooner or later.  The millenials are not just going to sit back and pay the healthcare premiums and the taxes needed to upkeep the boomers at the level they expect without a fight.  Clubs are just one segment of that coming fight.
"just standing on a corner in Winslow Arizona"

JESII

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #160 on: December 31, 2019, 12:12:38 PM »
Isn't it pretty simple really?


Clubs will become more efficient...and people will pay for what they see value in.


Underlying it all, the game has so many positive attributes that will keep it healthy as long as Taylor Made's quarterly results ARE NOT our indication of health.


My home course, just outside of Philadelphia, fits the Yogi Berra restaurant line...nobody goes there anymore, it's too crowded.


Probably half to 60% of it's revenue from members...


Not ideal for me at 4:30 in the afternoon when I want to find an open hole and play a few but just right when the dues bill comes in at 1/5 that of the course 3 miles away that I'd likely rerun to when $1,000/month fits the budget...Plus it's a Sweeney/Bogey/Arble favorite so not slumming in any sense of the word...

JMEvensky

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #161 on: December 31, 2019, 12:42:40 PM »




Isn't it pretty simple really?


Clubs will become more efficient...and people will pay for what they see value in.







I agree with your second line--but I don't think it will be simple getting there. There will be blood.

Kalen Braley

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #162 on: December 31, 2019, 12:57:31 PM »
JM,


What is the nature of how current clubs go down?  Is it a battle to the end?  Or is it some entity swoops in and buys it up for whatever future purpose? 


Seems to me its almost always the latter...

David Harshbarger

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #163 on: December 31, 2019, 01:11:52 PM »
JM,


What is the nature of how current clubs go down?  Is it a battle to the end?  Or is it some entity swoops in and buys it up for whatever future purpose? 


Seems to me its almost always the latter...


Down at Dutchess in Poughkeepsie, it went down as:


1.) Controversial clubhouse expansion (which was beautiful)
2.) Lost members
3.) Increased dues and fees
3a.) Corporate memberships that brought in "opportunists" who coarsened the experience without contributing to the clubby social atmosphere
4.) New, outside exploitative clubhouse management company that
4a.) Milked the new state-of-the-art kitchens for catering and
4b.) Rented out the new clubhouse for outside events
4c.) Ticked off the members as their new expensive clubhouse was no longer usable to them
4d.) While increasing drink prices and metering pours
5.) More lost members
6.) Purchase by outside entity
7.) Try at CCFAD
8.) No more members, no more goodwill
8.) Shuttering course


It wasn't like they didn't try to save themselves, but once blood was in the water the sharks swarmed.
And it all goes back to the clubhouse.
The trouble with modern equipment and distance—and I don't see anyone pointing this out—is that it robs from the player's experience. - Mickey Wright

Phil Carlucci

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #164 on: December 31, 2019, 01:12:45 PM »



And $500/month? Sure, many of the ones in their 30s have that. I joined a club when I was 25, because it was important to me. Most? No.




Is there really any more to it than this?


Those for whom golf is important will join. The problem seems to be golf isn't important, either relatively or in the absolute, to a large percentage of them.
Seems like an awfully simplistic way of breaking down who joins clubs and who doesn't.

Golf is very important to me.  I'm 38 and have been able to make golf part of my livelihood. 

If I happen to have $6k handy, unfortunately, it would not go toward a golf club membership.  It likely goes into my daughters' college savings accounts, and with enough of those deposits over time, maybe I can pay a small fraction of their crippling tuition bills.  Or maybe a home renovation, or a vacation.  This despite the fact that golf is important to me.
And if I happen to run into a boatload of money, I'd probably take some time off from my two jobs and go play a lot of golf at a lot of courses.  Maybe get back to taking some golf trips.  Because I love golf, and it's important to me.  One thing I would not do is pay for a club membership. 

The article in the Seawane thread mentions how the club is refocusing on under-40 members -- by adding a family room and some other perks.  Reminds me of the lawyer in Jurassic Park who said they would draw families to the park by having a "coupon day."  Are young adults of Long Island going to drop thousands of dollars now because their kids have a play room to bop around in?  I can think of three kiddie play places off the top of my head within 20 minutes of Seawane that have in-house food and espresso bars.  They seem to know much more about what young parents want than country clubs. 

Golf On Long Island: www.GolfOnLongIsland.com
Author, Images of America: Long Island Golf

Mike_Young

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #165 on: December 31, 2019, 01:21:13 PM »
JM,


What is the nature of how current clubs go down?  Is it a battle to the end?  Or is it some entity swoops in and buys it up for whatever future purpose? 


Seems to me its almost always the latter...
My guess is that 501c7 status is pulled from many.  Some clubs abuse it now and have enough outside functions to actually lose the status but I think politics in the future will pull such from golf clubs.  The clubhouse will be what kills them.  Most likely there will be catering operations that come in and operate as for profit businesses as they try to hand on.  Members will dwindle and eventually another use will be found for the clubhouse facility and in some cases the golf will survive. 
"just standing on a corner in Winslow Arizona"

Jeff Schley

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #166 on: December 31, 2019, 02:41:53 PM »
JM,


What is the nature of how current clubs go down?  Is it a battle to the end?  Or is it some entity swoops in and buys it up for whatever future purpose? 


Seems to me its almost always the latter...
My guess is that 501c7 status is pulled from many.  Some clubs abuse it now and have enough outside functions to actually lose the status but I think politics in the future will pull such from golf clubs.  The clubhouse will be what kills them.  Most likely there will be catering operations that come in and operate as for profit businesses as they try to hand on.  Members will dwindle and eventually another use will be found for the clubhouse facility and in some cases the golf will survive.
Isn't that a rosy picture. Sounds like something out of TCG book of Revelations.  While I don't think the slide will be anything close to that cliff, the tax issue is the harbinger of a slide to a material degree. I haven't heard of any clubs lose their tax exempt status due to outside income, although I believe the total is 10-15% as a threshold.  This also carries property tax benefits as well, which for clubs in metro areas is a huge subsidy in essence. The clubhouse debt from renovations is what represents quite a bit of debt I would surmise and agree this is an anchor for any club that doesn't have a full roster.
"To give anything less than your best, is to sacrifice your gifts."
- Steve Prefontaine

John Kavanaugh

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #167 on: December 31, 2019, 02:52:48 PM »
You do not have the right to live where you choose and to belong to the best club in town. I am a member of three clubs that are all under $1,000 per year. The amount of affordable golf in this country is staggering.


Can we please stop the whining about not getting everything we want.


If it makes you feel any better this is the last day of my membership at Prairie Dunes. It was the finest club where I was ever a member but no longer fit the model of my current life. And all this over a lousy $3,000.


For those of you that can't wait for more clubs to fail why not hang out at the Golf.now discussion group?

Steve_ Shaffer

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #168 on: December 31, 2019, 03:42:47 PM »
Some will, some won't and some will buy a club instead of joining one.


Jared Brecher and Dan Klein, two longtime friends who attended the same college and live in Manhattan, are the new owners of the 92-year-old Seawane Country Club in Hewlett Harbor.
Neither disclosed the purchase price.
Brecher, a 33-year-old hedge fund investor and a Woodmere native, graduated from the Hebrew Academy of the Five Towns and Rockaway High School. He was never a Seawane member, but his parents are. Klein, 34, is a real estate investor. Both graduated from George Washington University.

See my thread on Seawane and read this ....






http://liherald.com/fivetowns/stories/seawane-club-has-new-owners,120870
« Last Edit: December 31, 2019, 03:46:05 PM by Steve_ Shaffer »
"Some of us worship in churches, some in synagogues, some on golf courses ... "  Adlai Stevenson
Hyman Roth to Michael Corleone: "We're bigger than US Steel."
Ben Hogan “The most important shot in golf is the next one”

John Kavanaugh

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #169 on: December 31, 2019, 03:52:13 PM »
Some will, some won't and some will buy a club instead of joining one.


Jared Brecher and Dan Klein, two longtime friends who attended the same college and live in Manhattan, are the new owners of the 92-year-old Seawane Country Club in Hewlett Harbor.
Neither disclosed the purchase price.
Brecher, a 33-year-old hedge fund investor and a Woodmere native, graduated from the Hebrew Academy of the Five Towns and Rockaway High School. He was never a Seawane member, but his parents are. Klein, 34, is a real estate investor. Both graduated from George Washington University.

See my thread on Seawane and read this ....






http://liherald.com/fivetowns/stories/seawane-club-has-new-owners,120870



The above is the dirty little secret that will send the naysayers to unbunchyourpanties.com. Millennials are no different than any other generation before them. Club members are generally great guys willing to make sacrifices so their buddies can have fun too. Nothing is going to change. It never does.

Lou_Duran

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #170 on: December 31, 2019, 04:03:51 PM »
I appreciate the economic portion of this discussion particularly. To me, it’s simple; If the health insurance industry is allowed to force us to pay as much for health insurance as we pay for a house mortgage(and that is true, in my case...and I suspect most others who have to actually pay taxes as well), there isn’t a whole lot left for golf, let alone country club life.


To me, the discussion isn’t about any particular generation, unless you categorize corrupt politicians as a generation unto themselves.


Oh Joe, please tell me that some one hacked your GCA.com account!  Who is forcing you to buy high-priced health insurance?  Certainly not the industry.  Maybe you should be looking to your government, the ABA, and your own choices.  Insurance companies only have pricing power because of the government.  Two high components of medical insurance costs are government driven: subsidizing of Medicare and Medicaid payments by private insurance and self-payers, and regulations to thwart competition across state lines.  Another is tort law and the threat of lawsuits.  Of course, there is always health insurance through employment for those who value security over freedom.


Mike Young- I am not saying that exclusivity is necessarily earned, though it probably is in most cases.  I am saying that the picture you and others paint of country clubs all of a sudden dying because ....(fill in the blank) is not accurate.  Some CCs have failed throughout history as many businesses do.  Some clubs do well with large clubhouses (a number in the Dallas area, Colonial, Dallas CC, Lakewood, etc. are thriving).  No doubt that economic growth overcomes operational and investment errors, and recessions typically expose those. 


The segment of Millies I am mostly familiar with seem to have a healthy interest in the game- not so much in the architectural aspects perhaps, but for competition and fellowship.  And though I think that growing the game is a worthwhile endeavor, I have come to the opinion once shared with me by a long-time golf industry insider:  that the aggregate number of people playing golf is much less important than the quality of the core group which actually drives the game.  I am generally optimistic about the future of our game, though there are dark clouds in the horizon that terrorize me when I dwell on them.
   
   

Bill Gayne

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #171 on: December 31, 2019, 04:17:11 PM »
I'm not buying the millennials lack of resources as to why they're not joining clubs. We all had economic challenges starting out but the greatest wealth transfer ever is going on now. For the generation as a whole the resources to join clubs are available while club initiation fees are deflating. Many work in tech and tech valuations have never been higher.


Per the attached Forbes article over the next ten years millennials will inherit over $68 trillion by New Years eve 2030. The issue isn't resources.


https://www.forbes.com/sites/jackkelly/2019/10/26/millennials-will-become-richest-generation-in-american-history-as-baby-boomers-transfer-over-their-wealth/#5077c0f56c4b


Let's end that the reason for not joining a club is economics (it maybe for individual cases but as a group it's not).

Mike_Young

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #172 on: December 31, 2019, 04:26:40 PM »
I appreciate the economic portion of this discussion particularly. To me, it’s simple; If the health insurance industry is allowed to force us to pay as much for health insurance as we pay for a house mortgage(and that is true, in my case...and I suspect most others who have to actually pay taxes as well), there isn’t a whole lot left for golf, let alone country club life.


To me, the discussion isn’t about any particular generation, unless you categorize corrupt politicians as a generation unto themselves.


Oh Joe, please tell me that some one hacked your GCA.com account!  Who is forcing you to buy high-priced health insurance?  Certainly not the industry.  Maybe you should be looking to your government, the ABA, and your own choices.  Insurance companies only have pricing power because of the government.  Two high components of medical insurance costs are government driven: subsidizing of Medicare and Medicaid payments by private insurance and self-payers, and regulations to thwart competition across state lines.  Another is tort law and the threat of lawsuits.  Of course, there is always health insurance through employment for those who value security over freedom.


Mike Young- I am not saying that exclusivity is necessarily earned, though it probably is in most cases.  I am saying that the picture you and others paint of country clubs all of a sudden dying because ....(fill in the blank) is not accurate.  Some CCs have failed throughout history as many businesses do.  Some clubs do well with large clubhouses (a number in the Dallas area, Colonial, Dallas CC, Lakewood, etc. are thriving).  No doubt that economic growth overcomes operational and investment errors, and recessions typically expose those. 


The segment of Millies I am mostly familiar with seem to have a healthy interest in the game- not so much in the architectural aspects perhaps, but for competition and fellowship.  And though I think that growing the game is a worthwhile endeavor, I have come to the opinion once shared with me by a long-time golf industry insider:  that the aggregate number of people playing golf is much less important than the quality of the core group which actually drives the game.  I am generally optimistic about the future of our game, though there are dark clouds in the horizon that terrorize me when I dwell on them.
   
 
Lou,Don't get me wrong.  I'm saying private clubs, as with anything are going to change for the most part.  There will always be clubs that perform as you mention in various areas.  I'm saying the model is changing and there are too many 501c7 private golf clubs right now.  I'm not talking about the outliers.  And there will always be the places where the high networth guy comes in and buys a "toy" and invites his buddies to join etc but when he decides he is tired of the toy or doesn't want to play in that sandbox anymore then it rarely continues.  These are not our father's country clubs.  The other segments of the industry have taken full advantage of these places and suckered them into unneeded debt for items that can't pay for themselves.  I'm very optimistic for golf in the future.  I just see it changing models.
"just standing on a corner in Winslow Arizona"

Mike_Young

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #173 on: December 31, 2019, 04:30:46 PM »
I'm not buying the millennials lack of resources as to why they're not joining clubs. We all had economic challenges starting out but the greatest wealth transfer ever is going on now. For the generation as a whole the resources to join clubs are available while club initiation fees are deflating. Many work in tech and tech valuations have never been higher.


Per the attached Forbes article over the next ten years millennials will inherit over $68 trillion by New Years eve 2030. The issue isn't resources.


https://www.forbes.com/sites/jackkelly/2019/10/26/millennials-will-become-richest-generation-in-american-history-as-baby-boomers-transfer-over-their-wealth/#5077c0f56c4b


Let's end that the reason for not joining a club is economics (it maybe for individual cases but as a group it's not).
Presently our club is getting an influx of the wealth transfer group with 30 year olds who have never had a job but move into town and increase RE prices for the right areas of town and then join the clubs and the "herd" starts following the guys and their ideas and the next thing you know you have a club with no clue as to how to go other than spend.  It can break the young memebrs trying to keep up with them. ;D ;D
"just standing on a corner in Winslow Arizona"

Tim Martin

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Re: "Why Won't Millenials Join Country Clubs?"
« Reply #174 on: December 31, 2019, 05:00:21 PM »
Some will, some won't and some will buy a club instead of joining one.


Jared Brecher and Dan Klein, two longtime friends who attended the same college and live in Manhattan, are the new owners of the 92-year-old Seawane Country Club in Hewlett Harbor.
Neither disclosed the purchase price.
Brecher, a 33-year-old hedge fund investor and a Woodmere native, graduated from the Hebrew Academy of the Five Towns and Rockaway High School. He was never a Seawane member, but his parents are. Klein, 34, is a real estate investor. Both graduated from George Washington University.

See my thread on Seawane and read this ....






http://liherald.com/fivetowns/stories/seawane-club-has-new-owners,120870



Five Towns is a pretty small area with Seawane, Inwood, Lawrence Yacht and CC, Woodmere Club, and Rockaway Hunting Club offering private options and almost all are in each other’s shadow. I don’t know where each club stands as far as membership rolls but the new model at Seawane will be a gauge going forward as to whether something different works.
« Last Edit: December 31, 2019, 05:02:47 PM by Tim Martin »

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