In the middle of Los Angeles — a city with some of the most expensive real estate in the world — there are a half a dozen exclusive golf courses, massive expanses dedicated to the pleasure of a privileged few. How do private country clubs afford the property tax on 300 acres of prime Beverly Hills real estate? RH brings in tax assessors, economists, and philosophers to probe the question of the weird obsession among the wealthy with the game of golf.
ReferencesFORE! AN ANALYSIS OF CEO SHIRKING PDF 2.1MB
I wouldn’t say that I “hate” golf more now, but I do think that the structure holding the system up is way worse than I did before. It’s truly deplorable that the system is propping up courses in Los Angeles like this. The statistics explored here are truly painful. I love that someone has delved into open statistics to come up with the ideas underpinning this episode.
I knew that prop 13 was destroying California slowly but surely, but some of the smaller subsections are even more egregious.