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#11
April 12th 05, 05:44 AM
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"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 
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