Recession Causes Golf Club Membership Fees in Japan to Drop to $184,000
Submitted by Bill Belew on Monday, 1 December 2008No Comment
Japan is heading for a recession (depression?) much like the rest of the world. One of the indicators -
the price to be a member of a golf club.
In May of 2007 the price of membership peaked at Y2.64 million ($27,700). That’s just to join!
The average price to join a golf club now - Y1.77 million ($18.6K) It’s $20Kish in the Tokyo region and $17Kish in the Osaka region.
When stock prices fell in October, investors started selling off their memberships.
Tokyo Yomiuri Country Club is one of Japan’s most upscale clubs. The price to join $184,000. And this price is DOWN 40%!
What would Mark Twain say about a walk spoiled after paying $200K?
I wonder what kind of benefits you get for 184k? XD
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