In Brunswick County, N.C., a new development is underway. Compass Pointe developers report that they are "challenging the notion that amenity rich, gated golf course communities are only built for the high-end luxury market, by setting prices that the average working family can afford."
Work has started on a 27-hole championship golf course designed by architect Rick Robbins, who cut his teeth working on various Jack Nicklaus courses. Compass Pointe will also have an 18-hole putting course, world-class practice facilities, a fitness center, a tennis complex, an amphitheater, swimming pools, a canoe and kayak launch, a soccer field, walking trails and barbeque pits. There's even an audobon area filled with hardwoods, pines, lakes and creeks, with abundant wildlife.
All of these Compass Pointe amenities will serve a community of 4,500 homes on 2,200 acres, a healthy half-acre per family.
So, how about those "working class" prices at Compass Pointe? Well, the cost of a vacant homesite begins below $80,000. To really put something on that vacant homesite, prices for townhouses - or rather, townhomes - begin in the $160,000 range. A single-family home will cost anywhere from $200,000-plus to $500,000-plus.
Working class? According to the United States Bureau of the Census, the average family income is $46,000. But somehow, the definition of "middle class" continues to stretch upward.
Senator Hillary Clinton, during the Democratic presidential primary campaign, defined middle class or working class as any family with an income below $250,000. Barack Obama scoffed, noting that most folks such as teachers and police officers and firefighters still make far less than $100,000. Still, when the general election campaign got started, Senator Obama chose that $250,000 figure as a measuring point where he would either cut families' taxes, or at least not raise them. Then, when John McCain wanted to portray an average American, he showcased "Joe the Plumber," a small businessman with a purported "average" income of $280,000.
What ever happened to the millions of Americans who still work for close to the minimum wage? They stock shelves and run cash registers at big-box stores. They prepare and serve fast food. They work as nurse aides, earning $7 or $8 an hour to clean and feed patients who are shelling out $150 per day.
The phrases "working class" and "middle class" are taking on whole new meanings. In fact, they no longer describe what they would seem to describe.
SOURCES
compasspointenc.com
census.gov
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