WARNING! Only read this if you like to play golf.

By
Real Estate Mortgage Broker with Veritas Funding, SLC, UT NMLS #231319

Weekly update from a service I subscribe to and thought I'd share.....

"A 60 year old individual who has just retired would need a present value lump-sum of $138,000 to pay for his/her 3 rounds per week golf habit assuming a 22.4 year life expentancy, an average round of golf cost of $36, a 4% annual rate of inflation on the cost of golf, a static positive 3% rate of return on the savings and no lost golf balls (source:  Center for Disease Control, BTN Research)."

My thoughts are where can one play for only $36 per round?  And is this something that the Center for Disease Control should study?  Well, if you're lucky enough to play three rounds per week, I guess that could qualify as a disease so who knows?  But $36 per round - where can I sign up for that?  Your thoughts?

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Rainer
105,424
Rob Magnotta
Huntington Beach & Newport Beach Coastal Specialist
Huntington Beach, Newport Beach, Seal Beach, Irvine REALTOR

Hi Joe. I do like to plan golf, but even if I didn't, I think I might have read it anyway...

September 19, 2011 07:28 PM
Rainmaker
532,567
Gretchen & Mel Ahrens
ColumbiaGorgeFSBO.com

Hi Joe,

As I reead the blog my first question was "Where can you play for $36 per round?" - same as you.  Then would you want to play where it was only $36 per round; with my horrible game, the cost of lost golf balls would drive the lump sum payment up dramatically.

Mel

September 19, 2011 07:29 PM
Rainmaker
240,269
Dick & Sandy Beals
Wilmington Real Estate 4U Wilmington, NC
Move to Wilmington,NC....plenty of courses (good ones!) for a lot less than $36, and with a cart for 18 holes...I'll buy the first round. Dick Beals
September 19, 2011 07:38 PM
Rainmaker
562,448
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain

Joe,

Too funny; for father's day 2 of our sons took me to our local "aqua golf" driving range. One son took video. When he edited he used "The Good The Bad and The Ugly" sound track. Apparently we hadn't played in awhile, lol.

Steve

September 19, 2011 08:28 PM
Rainer
116,424
Joe Libin
Veritas Funding NMLS #843779
Veritas Funding, SLC, UT

Dick - thanks for sharing!  I'm amazed to know you can get 18 holes with a cart for less than $36 bucks!  Fantastic - guess we need to swing on over to Wilmington, NC to tee it up!

Steve - "The Good, The Bad and The Ugly" - great show!  I can only hope you played the role of "Blondie" - Clint Eastwood and that your two sons were the other two characters!  Good luck with that!

September 20, 2011 11:19 AM
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Rainer
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Joe Libin

Veritas Funding NMLS #843779
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