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Golf Community Reviews
Big week for housing reports
Monday, 25 August 2008
    Hopes for any near-term recovery in the housing market are likely to evaporate as this week unfolds.  Already, today, we have the National Association of Realtors report that, although existing home sales climbed in July, prices continued to erode across the nation as inventories rose as well.  With that kind of news and further tightening in lending criteria, even the rosiest of economists do not predict an end to the slide until 2010.  And then, say many, we can expect a few years of flat prices.
    Tomorrow we will get the S&P/Case-Shiller home-price index report for June that will no doubt echo the NAR bad news on prices.  The report provides year-to-year price comparisons for 20 metro areas.  Also on Tuesday, the U.S. Department of Commerce will report on new home sales for July.  Given dramatic price cuts and other incentives by national home builders, maybe there will be a positive surprise in that report, but we probably should not put too much stock in whatever number it produces since the numbers will be somewhat artificially stimulated.
    If you have planned to move in retirement or buy a vacation home and believe things will continue to erode for the next two years and remain flat for a couple of years after, it seems you have two choices - wait until the market gets better, or relocate now, assuming you can sell your house at a fair price.  The price at which you list your house is less a function of what you think is fair and more about what you are going to have to pay for your next house.  If you are moving to an area like Charlotte, NC, where prices have not only held up but also improved a little, waiting may be a losing proposition.  Five years from now, you may sell your primary home for a little more than you can today, but that home in Charlotte or many other places in the southern U.S. will be appreciably more expensive later.  The gap will widen.  

 
Golf community visit schedule September 1 - 5
Sunday, 24 August 2008
    I will be visiting the following communities in the mountains of western North Carolina during the first week of September:

August 31        The Ridges Golf Club, Jonesborough, TN

September 1    TBD

September 2    Cold Mountain, NC; Springdale Golf Club, Laurel Ridge                                  community and golf club

September 3    Balsam Preserve Golf Club and community

September 4    Trillium Golf Club and community

September 5    Brights Creek Golf Club and community

    If you have any questions you want me to ask in any of these communities or have a recommendation for a community to visit on Labor Day (9/1), please let me know.

 
A satisfied customer buys in Chapel Hill
Saturday, 23 August 2008

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Old Chatham Golf Club opened just a few years ago.  No pool, no tennis, just golf.

 

    A reader of this space, a friend from Connecticut, alerted me yesterday that he closed on a piece of property at Governors Club in Chapel Hill, NC.  Governors Club features 27 holes of Jack Nicklaus Signature golf and

I feel like a proud new father three times over this year.

impressive topography that includes dramatic rock outcroppings on many of the properties.  My friend and his wife meet with a local architect next month to begin the process of moving their young family to one of the most livable towns in the southern U.S.  With the University of North Carolina just a couple of miles away, and Duke University at just 20 minutes, Chapel Hill is a magnet for great entertainment, collegiate sports and the widest range of cultural and educational pursuits.  Oh, and the barbecue in the area is darn good too.

   My friend is contemplating an additional membership at the local Old Chatham Golf Club which opened just a few years ago and was built purely for golf.    

    "We are thrilled," he wrote me about the impending move to Chapel Hill.  "Thanks for your help."
    I feel like a proud father three times over this year, having helped other readers find a property in Ocean Ridge Plantation in coastal North Carolina and a home at The Landings just outside of Savannah.
    If I can help you, please contact me.  There is never a cost or obligation.

 
National rags ignore small southern towns
Friday, 22 August 2008

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The community of Madison Lakes, with a twisting golf course layout by Michael Young, is just two miles from the downtown area of Madison, GA, one of the best small towns in America.

    Rant alert!  I am tired of many national magazines ignoring small southern towns when they do their little roundups of "best places to live" or, in the case of the latest article, "10 Coolest Small Towns."
    I picked up a copy of Arthur Frommers "Budget Travel" magazine in the lobby of a hotel in San Francisco the other day.  The "Coolest" article featured 10 towns under 10,000 in population that "rival larger cities when it comes to good food, culture, and quality of life."  Not a single town in the southern U.S. between the Atlantic coast and New Mexico made the list. Ridiculous.
    Port Jervis, NY, is a perfectly nice town at the junction of the New York, Pennsylvania and New Jerseymadisongacourthouse.jpg borders, but it isn't any more "cool" than Madison, GA, which has the added benefit of being just an hour from the Atlanta airport.  I'm sure the folks in Yellow Springs, OH, love their town (the artsy Antioch College is there), but being 21 miles from, ahem, Dayton, is no more an attraction than being a similar distance from Columbia, SC, as is the quaint college town of Newberry, SC, which also boasts some excellent restaurants in its small downtown.  And what about Waynesville, NC, just a half hour from Asheville, a mountain town which I will visit the first week in September.  Waynesville is smack dab in the middle of the Blue Ridge Mountains, with tons of recreational outdoor activities available, and great golf communities and great views.
    I found an interesting web site, SmallTownGems.com , which offers comment about as well as photographs of towns across the nation.  Most states are represented, and the editors of the site rate the towns by "approved" and "disqualified" (for those towns they have visited); "candidates" for those they have heard good things about but haven't yet visited; and "hall of shame" (presumably for those where they were either mugged on the street or poisoned in a local restaurant).  Like the magazines, their choices are all subjective, but at least they don't discriminate against small southern towns.

 
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