Not an investment. Now I realize that you might have bought a home for $50,000 and it is worth a million now. But I think that is the exception. I think of it that you need a home so if you sell one you buy another so it is not an investment. For most when you consider inflation, real estate taxes, maintenance etc it could be a cost.
As far as making a profit with an over 55 community home I think not. As people die or move on the pressure might be to sell as quickly as possible and thus depress used house prices.
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