Reply to HHI for Country club membership?

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Reply to "HHI for Country club membership?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How much are country club memberships? I think that is the only question that needs to be asked. [/quote]

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.[/quote]

$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. [/quote]

The point of this post, I think, was what HHI does it take to join.  100k is way less than the going amount of upfront at high end clubs. 1500 a month is steep and not the going rate although it is probably around a thousand.  Most, but not all, of the people that join ccs also buy investment properties, save for college, retitement, vacation, and donate.  Average HHI is a lot higher than being discussed here.  That is why people can do it all.  It is not instead of, it is in addition to.  Not for everyone.  There are also cheaper clubs are some people have mentioned.

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