One thing that seems certain in a community designed and marketed to "seniors", is turnover. People die, or age out of what was an appropriate lifestyle. That's inevitable. What is not inevitable is a steady stream of new buyers to take their place. People don't have much of an option on the one end. On the other end, if circumstances dictate, people can choose NOT to relocate. It might be a temporary decision, like waiting for their current home to sell, or working another year, or it might be a long-term decision, like choosing a different location.
IMO, even a temporary slowing down of demand will have an exaggerated effect on supply in a 55+ community, because of the constant and inevitable addition on the supply side. Demand may fluctuate, but the supply will remain steady.
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