Quote:
Originally Posted by Bogie Shooter
Hey doc, isn't it 20% under 55?
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The law reads that 80% of the homes must have at least one person over the age of 55 residing in them.
It's very improbable, but you could conceivably have four people living in every home and three could be under 55. And that's only in 80% of the homes. The other 20% of the homes could have all four people under the age of 55 living in them. To make things simple let's say that at build out there are 100,000 homes and 400,000 people. That would mean that only 80,000 of the 400,000 residents would be required to be over 55. That's only 20% of the residents.
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