Quote:
Originally Posted by redwitch
Could be that the 20% federal requirement has been met. If it hasn't it would be illegal to bar someone under 55.
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I believe this is misstated and can cause confusion. An over 55 community has no requirement to fill 20% of the households with folks under 55. A previous post from Skybo has a link for more information.
Reading all of this, I am not sure we can take as fact that anything has changed since we bought our home. When we were looking for a home in 2007, we were told by our agent from TV that we
would not be able to buy a new home as we were
under 55. We would have to buy used, why the distinction makes no sense to me?
When we found our
new home that we wanted to buy and got serious about the purchase, the agent was still not clear if this was OK. He thought we may have to sign some extra paperwork, etc.
In the end there was
no issue, there was no extra paperwork and we have been loving our home since. At the time we were 52 and 53.
Does anyone know of any person who was serious about buying and not allowed to because they were under 55? I have never heard of a story like that, but it may have happened.....