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How to buy a golf community home, part 1
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Bunker mentality:  First in a series of articles on traps to avoid when you look for a golf community home.
         What you see is not always what you get when you decide to buy a golf community home.  And what you don’t see may be every bit as critical to your decision to buy or not buy that golf community home.
         Consider all those folks who went in search of a golf community home in resorts developed by Bobby Ginn.  Mr. Ginn loaded up his early golf communities in Florida with lush amenities, including clubhouses that cost tens of millions of dollars and golf courses so well-conditioned and challenging that the dynamic developer was able to attract golf tournaments from each of the major professional tours (men’s, women’s and seniors).  All the pizzazz had home buyers and investors alike plunking down more than $1 million for a piece of property –- without the house on it.
         As we know, the Ginn vision turned into vaporware, his empire is in shambles and he is being sued by hundreds of his former acolytes.  So what lesson can someone looking to buy a golf community home learn from the saga of ... more

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