[shortsaler]

I have a friend that is 50 and would like to purchase in The Villages..does anyone know how that works with the 80/20 rule? Is there a waiting list of sorts or ???? Any help is appreciated! Thanks!

[Twinspin60]

My husband and I are both only 52 and had no problem purchasing a lot to build our home. We came down with the intention of purchasing either a pre-owned home or new bur couldn't find one that had everything we loved so decided to build. As long as no children residing with you no problem with the age and "no waiting list." Were even told couples as young as late 30's are buying as an investement--hope this answers your friend's question.

[billethkid]

there is no rule when buying/selling a resale.
And as said above most likely no problem when buying new either.

btk

[graciegirl]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

[Mack184]

Originally Posted by graciegirl

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

Agreed. Our children are grown & out and we are not in the mood to raise anybody else's kids. While we are not unfriendly people we stay away from anything marked "kid friendly" or "family friendly" like it was the plague. I'm 57, my wife is 50 and we like our peace & quiet and we like to communicate with people who are our own age and share our generation's experience. As Bill Cosby once said..Parents are not interested in justice..they only want quiet!!

[obxgal]

Originally Posted by graciegirl

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

Graciegirl ... I am sooooooooooo with you on this one. Thank heaven the "No one under the age of 19" is still in force. I thought retirement communities were for us older folks.

[tommy steam]

Originally Posted by graciegirl

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

I do agree with you. I think the idea of a retirement village will be lost if it is opened up to younger people. Just my thoughts.

[Virtual Geezer]

Originally Posted by shortsaler

I have a friend that is 50 and would like to purchase in The Villages..does anyone know how that works with the 80/20 rule? Is there a waiting list of sorts or ???? Any help is appreciated! Thanks!

I think cash in hand over rules the 80/20 requirement.

VG

[Skybo]

Actually, it's a federal law that requires 80% of the homes be occupied by at least one person that is at least 55.

[ilovetv]

When I was in my 30's, I wish I had had $200,000 extra dollars lying around, to buy a home in TV for my parents.

[eweissenbach]

Originally Posted by Virtual Geezer

I think cash in hand over rules the 80/20 requirement.

VG

Originally Posted by Skybo

Actually, it's a federal law that requires 80% of the homes be occupied by at least one person that is at least 55.

Cash in hand would not be enough if the 20% ceiling had been reached, however it has not, nor is there a likelyhood that it will ever be.

[ilovetv]

From HUD:

Questions and Answers Concerning the Final Rule Implementing
the Housing for Older Persons Act of 1995 (HOPA)


Title VIII of the Civil Rights Act of 1968 (the Federal Fair Housing Act), as amended by the Fair Housing Amendments Act of 1988 (the Fair Housing Act), prohibits discrimination in housing and real estate-related transactions based on race, color, religion, sex, national origin, handicap and familial status (in general, the presence of children under the age of 18 in the household). The prohibition against discrimination based on familial status became effective March 12, 1989. The Act contained a provision exempting "senior" housing from the prohibition against familial status discrimination.

The Housing for Older Persons Act (HOPA), signed into law by President Clinton on December 28, 1995, amended the housing for older persons exemption against familial status discrimination. The HOPA modified the statutory definition of housing for older persons as housing intended and operated for occupancy by at least one person 55 years of age or older per unit........"

http://portal.hud.gov/hudportal/docu...d=DOC_7769.pdf

[CaptJohn]

I can't imagine why 30 year olds would want to live in a retirement community even as nice as TV.

[wendyquat]

Me either Capt John! I don't think there will be enough of them to make a dent in us more mature folk!

[ugotme]

It is my understanding that in order to qualify as a "senior residence" there can be no less than 80% ownership by someone age 55 or over. If you fall below the 80% mark, you could become an "open community" which would then have to allow children in (under 19).