Quote:
Originally Posted by memason
I'm not sure of the specifics, but there's a law that dictates just how many folks under the age of 55 can live here...I think it's somewhere in the neighborhood of 20%. Someone else might know the exact number and reasoning for the law.
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That is correct. The federal law governing 55+ communities states that 80% of the homes have to be owned by someone 55 or older. It’s up to the developer how they handle that remaining 20%. They can choose to sell to folks under 55, or they can require that everyone be 55+. I’ve read several posts on here from folks who have purchased prior to turning 55.