"Andrew Gideon" wrote

A club around here is replacing an older 172 or 182 (I forget which) with
a
new glass version. But they're doing it w/o increasing the equity.
However, it also seems to leave more room for investment w/o pricing a club
out of the market.

This is something I've been thinking about for a while, but I've not
really
reached any conclusion. Perhaps I'm missing some factor which would
eliminate the "no more investment" issue.

I'd appreciate the thoughts of others on this matter.

- Andrew

Perhaps I am missing something, because the answer seems so "out in the
open."

New members?
--
Jim in NC