New golf courses are damned expensive to build, because the standard golfers expect is way too high.
Now THAT is a topic for a thread.
To further digress from that thread, I'd say the kind of golfer who can afford,(or chooses to afford) such courses, tends to have expectations for other things as well (luxury lodging, fancy dining/bar with $$$$ wines etc., caddies, outside staff attendants/starter/Caddiemasters) etc., etc.
further driving up the cost, and the thus the expectation, into a virtuous circle.
Obviously places we revere for their simplicity would be difficult to build from scratch without incurring a loss.
Examples:Brora(15 years ago anyway), Dunaverty, Mulranny,earlier versions of Narin and Portnoo before they became slaves to their debts from their(then)new clubhouse and hole changes. etc.
Most would have a difficult time starting from scratch(buying land, building etc.)but it seems most newer courses have so many more bells and whistles that drive up the costs and IMHO distract from the golf.
The other thing is we don't hear much about courses "maturing" these days. Many of the edges and aesthetics are put in immediately to impress the magazines and raters.
All understandable, just something that drives costs upward.
And yes, I'm pretty sure I'd be a terrible developer.