California Golf Courses; Feeling the Pinch

California Golf Courses;  Feeling the Pinch.  The desert is famous for it's 120 plus courses, but the reality of the new economy and housing starts and pricing is really hitting home.  This article from today's LA Times is interesting..  http://tinyurl.com/ye8h3gh 

This is why once again, as a realtor in the resort area of the desert..La Quinta, Palm Desert, Palm Springs and Coachella, I stand by my belief that golf course homes will continue to drop in value.  The HOA's demanded by these private courses in particular are very high, ranging from approximately $400 to approx $800/month, and that doesn't include golf!  Many require initiation fees and then a steep monthly fee to play the courses that you bought a home on and pay HOA's for!

If you are looking for a golf course retirement home, or want to move up, or are waiting to buy/lease/sell in the future, it's going to be an incredible market in 2010 here in the desert.