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Money-losing golf courses can club the values of nearby homes

One year ago   |   By

Many people who bought homes next to golf courses thought their property value would rise. But they are now discovering that golf-home prices can drop, too, as the popularity of the sport recedes. Decades after developers began to blanket the Sunbelt with residential communities built around golf courses, many courses are closing - triggering legal fights over the consequences. Hundreds of communities built around golf courses that are money losers, according to Peter Nanula, chief...
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