Where Golf Carts Cost More Than A Porsche
Bloomburg has an interesting article on an island development just off Hong Kong where the cost of owning a golf cart is as much as $300,000. The reason is that regular passenger cars are not allowed, and the Transport Department has capped golf cart licenses at 500. Limited supply has had the effect of driving up prices. People are essentially paying for the licenses. But if you’re paying through the nose for a license, you may as well get a pimped up buggy.
On Michigan’s Mackinac Island, cars are not allowed at all, so residents travel by horseback or bicycle in the spring, summer and winter months. Snowmobiles, however, are allowed in the winter. Fortunately, no one has thought to cap the number of bicycles, so there are plenty to go around and presumably cost no more than a regular bicycle.