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Originally Posted by Bill14564
Doubtful. Those restrictions are written into hundreds of different version of the deed restrictions which would need to all be legally modified.
One way to "remove" the restrictions might be to simply not enforce the restrictions. There have been many accusations in the past that the Developer was not enforcing the internal restrictions such as minors living in homes. However, each homeowner is empowered to take violators to court to enforce compliance so as long as the wording is still there the restrictions are still in place.
Looking at it from the other side, if the real estate market crashes would easing the age restrictions make any difference at all? If there are no rich retirees to buy the homes in the "Adult Disneyland" would there be families who could afford the homes and would choose to bring their children to an area built for the 55+ group?
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Because of adoptions and second marriages, there are quite a few retirees with minor children. Minor children can’t get villages resident IDs but other than that I don’t think the deed restrictions are widely enforced. Middleton is great, particularly if the kids are eligible, due to a villages connection, for high school enrollment. but for some the villages is better.
It likely represents a small but nonzero part of housing demand.
But would removal of age restrictions increase demand? As you say probably not. It might well hurt it. They get a lot of benefit from being 80% 55+