“Just set up a migrant camp on the old golf course. Problem solved.”
That was the old business model not the new one - use illegal immigrant cheap labor, harvest membership fees in perpetuity.
The bottom line is that socialism never works, and collective ownership of a golf course is just another take on socialism. It might work for a few (just like socialism) but it won’t work for everyone else who are expected to pay and pay.
Once I gave up golf for good, I moved to a home on a pond wherein my chief concern now is if an alligator decides to waddle up. Life has its risks, just depends what you want to put up with. My only specific reaction to this article is to be alert to potential risks when you buy a piece of property, both physical and financial. Pay your money take your chances.
“The bottom line is that socialism never works, and collective ownership of a golf course is just another take on socialism.”
What about collective ownership of a company by those who are stock holders?