Quote:
Originally Posted by Marathon Man
It is tracked. I have spoken to one of the people who do it. It is behind the scenes and occurs during the month between signing the deal and closing. A sale could be disallowed if we ever approach the 80% limit. Tracking is required by law as part of remaining a 55+ community.
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Except that it either isn't happening, or isn't happening correctly.
Many older Villagers have passed away and left their properties to their under-55 children. Those under-55 children already have Villagers IDs (since you can have up to 4 ids per property). They own the house, they live in the house, they're under 55, and their over 55 parents, who allowed for that 80% qualification to be valid, no longer exist.
This is not uncommon, it happens.
In addition, private sales that don't involve Properties of The Villages (the developer's agency) are private. The Villages don't get to find out who's moving in, until after the buyer has already purchased the house and moved in. The Developer isn't going to tell them "sorry but you can't live here even though you bought the house fair and square."
This is also not uncommon. It happens.