Is Golf Still Cheap In 2010?

After the financial crisis on the real economy in 2008 that got a negative impact on the already weak European economy pressure. This year, although the economy was beginning to recover, people still watching every penny and buy some very cheap products.

But golf is not a cheap sport. So a contradiction between expensive sport and love of golf comes out. Is there any way to solve this? many golfers have bought some cheap golf clubs in 2009, but in the new 2010, is golf still cheap?

In 2005, at the height of the Celtic Tiger boom, a new golf course opened in County Kildare. Moyvalley Golf and Country Club was a dazzling affair with a hotel and spa plus on-course houses available to buy or rent. Membership was pitched at a signing on fee of €75,000 with annual subs of €3,000. Initial take up was good but as the signs of a slowdown became evident, customers dried up. Today you can join Moyvalley for between €5,000 and €10,000 depending on your negotiating skills!

As recently as 18 months ago, the price of a four ball in The Old Head of Kinsale Golf Links was €1,100 when you included buggies, let alone buying a set of TaylorMade R7 TP Iron Set . That’s €275 per head without food or refreshments. Four friends played it in September last for €70 each, including buggy and the club were glad to take their money. In the new golf scene in Ireland, the customer is king, and long lives the king!

For if ever a hobby mirrored the worst excesses of the boom in Ireland it was golf. Since the late nineties, green fees at even the most humble of golf clubs have quadrupled. Similarly, the increase in membership fees went out of control. Back then, it seemed to be only a matter of building it, naming your price and they will come.

But in the Ireland of 2010, they don’t come any more. Reality has taken a grip on the situation. We live in a society that has a deflation rate of 6% across a broad range of golf irons and services that comprise the cost of living index in Ireland. Golf green fees would form no part of that index but if they were examined, incredible reductions of 100% to1000% are evident across the island.
To be continued…

Article Source: http://www.articlesbase.com/golf-articles/is-golf-still-cheap-in-2010-i-1841589.html

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