"The New York Times" reported in 2007 that thousands of home built on golf courses are subject to way wards shots. Not every home on a golf course is in the way of errant tee shots. A home built adjacent to a tee box may offer a beautiful views. Living on the course gives an avid golfer more time to practice and play. But a failed golf course could abandonment of the facility, creating an eyesore and declining properties values.