Quote:
Originally Posted by jbdlfan
We bought a resale and also were never asked our age. We are 48 and 44. I know of a 28 year old that owned a home here. Parents passed away and she assumed ownership. She has since sold it and moved on.
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I can't comment on a 28 year old inheriting a home but it poses an interesting question. It's a very unlikely scenario, but what if 20% of the residents who willed their homes to people under 55 died. It could push the number of under 55 over the 20% limit.
As far as being 44 and 48, there is no problem as long as The Villages approves it and they stay under the 20% cap.
Of course owning a home here does not mean that you are a resident. For example, you could own the home and rent it to people who are over 55. Or, you could remain a resident of another state and use your Villages home as a vacation home.
Another possible scenario is that one spouse is over 55 and the other is under 55. They have two over 18 yo children from a previous marriage living with them. The spouse who is over 55 passes away. Do the souse and children have to move out even though they own the home?