HHI for Country club membership?

[Anonymous]

Anonymous wrote:We made 700k last year and haven't done it. My goal is to raise children who make it to adulthood without ever memorizing a member number to buy their chicken fingers poolside.

Moms like you probably judge my kid because our family belongs to a golf club. I see it in some people’s reactions when my son talks about his passion for golf. Our club doesn’t have a pool and we rarely use it for social reasons. We’re a golf family. And I know some people look down upon us for that. I write this just to (hopefully) make you aware. We aren’t all raising entitled brats.

[Anonymous]

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Anonymous wrote:How much are country club memberships? I think that is the only question that needs to be asked.

It depends on the club. One near us is $100K to join and $1500 monthly use it/lose it. $15K to get on the 7 year wait list. We are very financially comfortable and have CC member money, but DH 'doesn't need to buy friends'. I can see his point, but we get invited to go all the time with various friends. DH never goes, but I enjoy it for the both of us.

$100K lump sum plus $1500/month???? That is insanity. No, never. We are at $600-700HHI and would never in a million years consider it. I'd rather buy an investment property, or save for college, or retirement, or vacation, or donate that $100K to various non-profits. There are an infinite amount of things that I could think of as better options for that $100K than the country club. Our summer pool membership was $675. We'll stay there and pay for our poolside chicken fingers in cash. Ridiculous.

Is this Washington Golf? If so keep in mind that a lot of members pay a small fraction of that because their parents belonged and they get an enormous discount.

[Anonymous]

Manor Cc or congressional?

[Anonymous]

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Anonymous wrote:Full service CC's tend to be very expensive with golf, tennis, swim etc etc plus food minimums. Unless you really use it it's a waste of money. If a lot of your friends are members that's a good reason to join but again only if you really use it. Don't do a cost/benefit analysis (# rounds of golf etc) because the numbers will say no.

If you pay for a pool for the summer throw that cost in. You can throw gym cost in. Tennis and then Golf. 25% of your eat out budget. It makes it look a little better but certainly not cost effective. I have been a member for almost 20 years. Near our house. Love it. We use it. If you will then it is great.

In terms of HHI. I really don't see how a non-rich family could pull it off below 250k. I was 350k when we joined but was almost 20 years ago. To fit into the lifestyle and be in the same conversations I would think we are talking 400k minimum.

HHI $600+ and this mentality is why you couldn't pay me to join one. Couldn't possibly imagine being stuck in a foursome with someone making $375k, what on earth would they have to talk about?!

375 and 600 don't live in the same world. You would have lots to talk about but what you are probably not talking about is private school for multiple kids. 1 or more vacation homes. Going on multiple expensive vacations a year. The issue is not with the 600k talking to the 375k. It is the 375k feeling comfortable in the conversation.

umm that is what rich people talk about when they gather -- also 401k and investments.
No one wants to talk to you about your vacation home or private school. Read an effing book.

Lololol, sorry about your misuse of the internet so your post is above my quote. Rich people don’t talk about money. Rich people don’t find a 401(k) a meaningful aspect of their portfolio, either.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:Full service CC's tend to be very expensive with golf, tennis, swim etc etc plus food minimums. Unless you really use it it's a waste of money. If a lot of your friends are members that's a good reason to join but again only if you really use it. Don't do a cost/benefit analysis (# rounds of golf etc) because the numbers will say no.

If you pay for a pool for the summer throw that cost in. You can throw gym cost in. Tennis and then Golf. 25% of your eat out budget. It makes it look a little better but certainly not cost effective. I have been a member for almost 20 years. Near our house. Love it. We use it. If you will then it is great.

In terms of HHI. I really don't see how a non-rich family could pull it off below 250k. I was 350k when we joined but was almost 20 years ago. To fit into the lifestyle and be in the same conversations I would think we are talking 400k minimum.

HHI $600+ and this mentality is why you couldn't pay me to join one. Couldn't possibly imagine being stuck in a foursome with someone making $375k, what on earth would they have to talk about?!

375 and 600 don't live in the same world. You would have lots to talk about but what you are probably not talking about is private school for multiple kids. 1 or more vacation homes. Going on multiple expensive vacations a year. The issue is not with the 600k talking to the 375k. It is the 375k feeling comfortable in the conversation.

Oh aren't you in another stratosphere because of your mighty $600K a year?!? No one else could ever know how life at such a substantially higher HHI.
This is why I would never join a CC. Such stupid pretention. FWIW, I make way more than that and my net worth is way higher. I don't judge people by their paycheck and my friendships aren't based on where people travel. So sad!!!

Yopu must be a great person. Everyone else in the world judges people on their paycheck. Rich/poor/LC/MC/UMC/UC.

This is crazy because I have no clue what people make. I also don’t make assumptions. The person with a big new house might be stretched thin while the person with an older house my have tons of money in investments.

[Anonymous]

Anonymous wrote:A friend of DHs recently looked into Army Navy CC. $88,000 initial fee for civilians.
I don’t think they’ll be joining despite a very reasonable HHI

They have a much cheaper social membership. Just can’t play golf I think.

[Anonymous]

Anonymous wrote:Ours now does credit checks as part of the membership approval process. HHI is only one thing to be concerned about. It’s amazing how many wealthy people dont pay bills. They used to post the names of the “late” payers in the locker room.

Ah yes. The kavanaugh rule

[Anonymous]

Anonymous wrote:

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Anonymous wrote:How much are country club memberships? I think that is the only question that needs to be asked.

It depends on the club. One near us is $100K to join and $1500 monthly use it/lose it. $15K to get on the 7 year wait list. We are very financially comfortable and have CC member money, but DH 'doesn't need to buy friends'. I can see his point, but we get invited to go all the time with various friends. DH never goes, but I enjoy it for the both of us.

$100K lump sum plus $1500/month???? That is insanity. No, never. We are at $600-700HHI and would never in a million years consider it. I'd rather buy an investment property, or save for college, or retirement, or vacation, or donate that $100K to various non-profits. There are an infinite amount of things that I could think of as better options for that $100K than the country club. Our summer pool membership was $675. We'll stay there and pay for our poolside chicken fingers in cash. Ridiculous.

Many people don’t have to pay the initiation if they got in through a junior membership.

I'm the PP who said our MoCo country club is $1000/month in dues minimum. We are members through our parents so we did have a dramatically reduced initiation ($30K instead of $100K). So there was still an initiation fee.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:Full service CC's tend to be very expensive with golf, tennis, swim etc etc plus food minimums. Unless you really use it it's a waste of money. If a lot of your friends are members that's a good reason to join but again only if you really use it. Don't do a cost/benefit analysis (# rounds of golf etc) because the numbers will say no.

If you pay for a pool for the summer throw that cost in. You can throw gym cost in. Tennis and then Golf. 25% of your eat out budget. It makes it look a little better but certainly not cost effective. I have been a member for almost 20 years. Near our house. Love it. We use it. If you will then it is great.

In terms of HHI. I really don't see how a non-rich family could pull it off below 250k. I was 350k when we joined but was almost 20 years ago. To fit into the lifestyle and be in the same conversations I would think we are talking 400k minimum.

HHI $600+ and this mentality is why you couldn't pay me to join one. Couldn't possibly imagine being stuck in a foursome with someone making $375k, what on earth would they have to talk about?!

375 and 600 don't live in the same world. You would have lots to talk about but what you are probably not talking about is private school for multiple kids. 1 or more vacation homes. Going on multiple expensive vacations a year. The issue is not with the 600k talking to the 375k. It is the 375k feeling comfortable in the conversation.

umm that is what rich people talk about when they gather -- also 401k and investments.
No one wants to talk to you about your vacation home or private school. Read an effing book.

Lololol, sorry about your misuse of the internet so your post is above my quote. Rich people don’t talk about money. Rich people don’t find a 401(k) a meaningful aspect of their portfolio, either.

That is all they talk about.

[Anonymous]

We are at 7-800k hhi and would never even think about joining a dc area county club. I assume everyone at a club makes several million a year or inherited millions.

We just work for a living! Thankfully we have an excellent neighborhood pool.

[Anonymous]

I have always thought it would be so nice to be a member of a CC because you have a "third place" to go (outside of your home and office), to work out, play tennis, have dinner, and maybe golf (but granted we are not golfers). Over the years, our kids (or DH and I) have been invited to events at Congressional, Kenwood, Chevy Chase, Columbia, Manor, Army Navy, and Bethesda Country Club. They all seem great! (Of course, I know that there are differences among them for sure.)

Our HHI is $600+, but that is a recent development, and so it would not be prudent for us to join, as we are squirreling away money now. Also my DH is reluctant to join at CC because he does not think he would use it. We're in our early 50's and I wonder if it's too late. Still, if I joined, I am pretty sure I'd enjoy it because I like to work out, play tennis, and socialize.

Here's the point of my post (if anyone is still with me)! I was chatting with friends from college recently at a girls' weekend. They are all more successful people -- ER doctor, engineering business owner, and college professor. My friends said that their DH's would never be willing to join a country club, even though they can easily afford it. I was kind of surprised, since it seems like it would be a lot of fun to join a CC. But it seems like there are people out there who would not join, regardless of net worth or HHI.

[Anonymous]

Anonymous wrote:How much are country club memberships? I think that is the only question that needs to be asked.

Some are super cheap in the exurbs. Stoneleigh, for example, in western Loudoun.

[Anonymous]

Anonymous wrote:We made 700k last year and haven't done it. My goal is to raise children who make it to adulthood without ever memorizing a member number to buy their chicken fingers poolside.

That’s good that will probably make sure they are good people focused on the right stuff.

[Anonymous]

The best reasons to have a membership are small kids or golfers. Then tennis.

[Anonymous]

Anonymous wrote:I have always thought it would be so nice to be a member of a CC because you have a "third place" to go (outside of your home and office), to work out, play tennis, have dinner, and maybe golf (but granted we are not golfers). Over the years, our kids (or DH and I) have been invited to events at Congressional, Kenwood, Chevy Chase, Columbia, Manor, Army Navy, and Bethesda Country Club. They all seem great! (Of course, I know that there are differences among them for sure.)

Our HHI is $600+, but that is a recent development, and so it would not be prudent for us to join, as we are squirreling away money now. Also my DH is reluctant to join at CC because he does not think he would use it. We're in our early 50's and I wonder if it's too late. Still, if I joined, I am pretty sure I'd enjoy it because I like to work out, play tennis, and socialize.

Here's the point of my post (if anyone is still with me)! I was chatting with friends from college recently at a girls' weekend. They are all more successful people -- ER doctor, engineering business owner, and college professor. My friends said that their DH's would never be willing to join a country club, even though they can easily afford it. I was kind of surprised, since it seems like it would be a lot of fun to join a CC. But it seems like there are people out there who would not join, regardless of net worth or HHI.

The concept of a "third place" doesn't really apply to country clubs--sociologically it was initially defined as a place where status wasn't a barrier to entry and had no impact on participation. Sort of the exact opposite of a country club. Third places are supposed to have an impact on civic life not just personal life. That may be while a lot of people who would like a 3rd place in their life don't want to go to a country club to fulfill that role.