Anonymous
Post 08/11/2022 17:27     Subject: HHI for Country club membership?
Anonymous wrote:
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.


Ha ha ha ha ha! This says it all. +1


Then your goal is to be poor?
Anonymous
Post 08/11/2022 17:26     Subject: Re:HHI for Country club membership?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
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.
Anonymous
Post 08/11/2022 17:26     Subject: HHI for Country club membership?
Anonymous wrote:How much are country club memberships? I think that is the only question that needs to be asked.


If you have to ask, you can’t afford to join.

Signed Thurston and Lovey Howell III.
Anonymous
Post 08/11/2022 16:55     Subject: HHI for Country club membership?
We belong to one in the suburbs, mainly bc my husband likes the golf course and it is markedly different than the public courses in our area. It’s not insanely priced though, maybe 15-20k initiation and 1k a month. There absolutely are people that are a bit much, we just say hi and move on. We are at the point that we pay for convenience and service and it is pretty nice there. It’s not our social circle, we play golf and get dinner after. My kids have no idea what our member number is, but I don’t really think that’s a measure of good or bad parenting. Join if you enjoy the amenities and it’s not an overwhelming financial commitment. I enjoy taking my kids out to play 9 holes and have dinner after work. I hope it creates memories for them. In terms of hhi, we are pretty comfortable.
Anonymous
Post 08/11/2022 16:46     Subject: HHI for Country club membership?
And don’t forget the assessments for “improvements”!
Anonymous
Post 08/11/2022 16:43     Subject: HHI for Country club membership?
Anonymous wrote:We are members of a MoCo country club. $1000/month for dues is our minimum expense, and then you add on everything else you do and eat and drink and....this is on top of the initiation fee.


What is the initiation fee?
Anonymous
Post 08/11/2022 16:42     Subject: HHI for Country club membership?
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.
Anonymous
Post 08/11/2022 16:40     Subject: HHI for Country club membership?
We are members of a MoCo country club. $1000/month for dues is our minimum expense, and then you add on everything else you do and eat and drink and....this is on top of the initiation fee.
Anonymous
Post 08/11/2022 16:35     Subject: HHI for Country club membership?
Anonymous wrote:
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.
Anonymous
Post 08/11/2022 16:25     Subject: HHI for Country club membership?
Anonymous wrote:This is going to be different at closer in clubs with waiting lists versus outer suburban clubs with openings.


Does anything have openings after COVID?
Anonymous
Post 08/11/2022 16:25     Subject: Re:HHI for Country club membership?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
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!!!
Anonymous
Post 08/11/2022 16:24     Subject: HHI for Country club membership?
Anonymous wrote:
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.


Different poster. Our social membership costs around $2k/year counting our food minimums.

Like another poster said, it varies WILDLY. I am not worried about by kids ordering food by number, because at our club kids from all races and most socio-economic statuses can be members. My son’s fave Cc friend has a charter school teacher and an artist for parents.
Anonymous
Post 08/11/2022 16:20     Subject: HHI for Country club membership?
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.


Ha ha ha ha ha! This says it all. +1
Anonymous
Post 08/11/2022 16:19     Subject: HHI for Country club membership?
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.
Anonymous
Post 08/11/2022 16:07     Subject: HHI for Country club membership?
How much are country club memberships? I think that is the only question that needs to be asked.