Quote:
Originally Posted by Andrea3051
As someone that is newly renting because prices went above my budget when I arrived, my brand new home rental was purchased for investment purposes only and I think they mentioned a rule allowing buyers that are not 55, as long as they are purchasing and renting out to a tenant of age. So, not only are you contending with people retiring here but also out of State investment buyers as well.
Best of luck in this crazy market!
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The bolded above is, to put it bluntly, nonsense.
This is an age restricted community and required by law that at least 80% of the households have at least one resident that is 55 or older. Right now that number is _well_ above that magic number of 80%, meaning they can sell it to whoever wants to buy it. If we hit a period where it gets much closer to 80%, it is possible that enforcement would tighten up. It is currently not an issue whatsoever.