Quote:
Originally Posted by manaboutown
The problem in a lot of built out retirement communities is that over time the community's average/median age increases. As they age folks tend not to use the golf courses, tennis courts, swimming pools, softball fields and the like as much as they did when they were younger. They do not care much about updating or even supporting them or the clubhouses and recreations centers. Things tend to go downhill.
If younger folks buy into these communities they want to update the facilities which costs money. The young-old become pitted against the old-old who do not want to spend the money to update or even have their property taxes increase because their homes become more valuable as a result of community improvements.
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Can you name a few where that happened.? Sounds plausible but Perhaps too plausible.