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Golf Digest blogger suggests Tiger scrap his design gig
Thursday, 11 February 2010 20:49

        Golf Digest blogger Geoff Shackelford suggests in his online column that Tiger Woods follow in the footsteps of Jack Nicklaus, Ben Crenshaw and other golfers turned architects.  The writer advises Woods to close down his design business and learn the craft by apprenticing with an experienced designer.

        In his “Dear Tiger” letter, Shackelford suggests that “the days of lavish ‘signature’ designs are gone,” and that Woods should “hit Control-Alt-Delete on Tiger Woods Design.”  The blogger mentions Woods’ three current design jobs, all currently delayed for economic reasons, including his project for The Cliffs at High Carolina.

        You can read the Golf Digest online article by clicking here.

 
Asheville paper confirms our story on Cliffs
Wednesday, 10 February 2010 06:39

        The Asheville (NC) Citizen-Times has run a story this morning confirming what we broke here last week -– that Cliffs Communities founder Jim Anthony has asked property owners to lend $60 million to his financially strapped organization.  The funds would be used primarily to complete amenities at The Cliffs High Carolina and Mountain Park communities.  The most publicized amenity at High Carolina is the barely started golf course designed by Tiger Woods.

        The Citizen-Times interviewed Mr. Anthony and a Cliffs property owner and published only one line from each.

        “’We have bankers and hedge fund guys’ and other property owners with significant resources and financial expertise,” Anthony told the Citizen-Times. “'It was their initiative.'”

        Property owner Miller Williams added, “I think the proposal is worthy of consideration by the Cliffs members because it's well understood that the Cliffs needs additional capital to complete its projects at hand.”

        A lending proposal is worthy because the money is needed?  Sophisticated Cliffs owners are going to need a more evolved rationale than that.

        You can read the Citizen-Times story by clicking here.  You can read our original story here.


 
Wilmington, NC market inches ahead
Tuesday, 09 February 2010 20:26

        USA Today featured the Wilmington, NC, housing market in its regular “Close to Home” series today.  Sales in December in Wilmington were up 19.8% compared with an increase of 18.9% in the state and 12.7% nationwide.  Median home prices, however, were down 5.6% from a year ago.

        The Wilmington area features more than a dozen golf communities, but only one, Landfall, includes member-only golf, in Landfall's case 45 holes.   Landfall’s Jack Nicklaus course (27 holes) is considered by most golfers to be more difficult than its Pete Dye course.  Current listings in Landfall range from $290,000 to more than $4 million.

        Porters Neck, just north of the city, is also gated but the course is open the public.  However, the $100+ green fees keep the riffraff out and give the Tom Fazio course a private-club feel.  Current home prices are $300,000 to over $4 million.

 

 
Great time for Canadians to buy U.S. golf property, eh
Monday, 08 February 2010 20:08

        Canadian real estate prices reached record levels in 2009, and new home starts were up in December to their highest level in 14 months, according to an article in the Wall Street Journal today.  Folks who couldn’t get a nibble on their condo a year ago are today finding fevered buyers bidding against each other.

        All this positive momentum is starting to prompt fears of a bubble and

We have some ideas for Canadians who are profiting from increasing home prices -- buy golf community property in the U.S.

We have some ideas for Canadians who are profiting from increasing home prices -- buy golf community property in the U.S. consequent price busts in Canada’s housing market.  (Those of us who own homes south of the Canadian border know the scenario all too well.)  Such fears are prompting some Canadians to pocket their home-sale profits and rent instead.  I have a better idea for them, especially if they play golf; buy a nice, cheap vacation home in Myrtle Beach or some other vacation spot we know you love.

        Myrtle Beach has long been a favorite play spot for Canadian golfers, and they are welcomed in Myrtle Beach like no other group.  Hotels and

Canadians will never be able to play golf and watch a hockey game in February, unless they move to a place like South Carolina.

restaurants in Myrtle Beach fly the Canadian flag outside their establishments in February and March when the winter-addled and golf starved from Toronto and elsewhere are more than happy to don a heavy sweater and hit the links.  The Canadian influx is one reason why March is considered "high-season" in Myrtle Beach.  It is also when Myrtle Beach hosts Can-Am Days which celebrates the bonds between the two nations -- and the love locally of the Canadian dollar -- with a series of events, including a golf tournament that pits some of Canada’s best junior golfers against some pretty good ones from South Carolina.  This year, local Myrtle Beach real estate agents will be missing a great opportunity if they aren’t crawling all over the Can-Am venues, handing out their business cards and flyers of ridiculously low-priced golf community properties.

        Except for a few rare days of snow or ice, golf is year round in Myrtle Beach.  To all you Canadians who might consider a relocation to the area, think about this for an early February morning with a likely foot of snow on the ground in Toronto:  You could play Caledonia Golf Club in the morning and then take a leisurely one-hour drive to the great city of Charleston to watch the East Coast Hockey League champion Sting Rays play.  Golf in the morning, and hockey in the evening: Try that in Toronto in February.

 
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