Quote:
Originally Posted by blueash
You were doing so well with the explanation until that part I bolded. The regulation is that one person in each household must be 55 or older. Thus a single home with four owners of ages 55, 19, 19, and 19 technically is a senior owned home and counts toward the 80% requirement. The language of the law applies to every single 55+ development in the country. It is not specific to here. So in an extreme example of 25 homes like the one above, there would be 100 residents of the development with 25 people of age 55 and 75 of age 19. Of course there is only an 80 % requirement so you can substitute 5 more 19 year olds for 5 seniors and still be in compliance as you'd still have 20 of the 25 homes being owned by at least one person of age 55+. So 20 people age 55+ and 80 age 19. Isn't math fun?
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You are conflating owners and residents. But you do acknowledge that it's an "extreme example". When you start seeing a preponderance of 55 year olds co-habitating with multiple teenagers, get back to us. To my knowledge, the Playboy mansion is nowhere near central Florida.
I've met people that moved here at a similar age to me and a few that actually bought property here when they were under 50, but I have yet to run into anyone that purchased property here prior to reaching legal drinking age.