Newark: Any retirees moving in there? (New Castle: sales, condos, how much)

[TootsieWootsie]

Newark has a great rated hospital there, activities at UofD, I'm sure, and I think Costco is there, too. So, are any retirees starting to move heavily into Newark?

[armx]

There are several 55+ communities built and under construction around Newark and in New Castle County. It is just that most of the forum participants happen to be from downstate. Many retirees are happy to live in condos, or luxury duplexes in New castle County because of the perception that 55+ communities may have restricted appeal (they probably did not hear about baby boomers) and would not appreciate in value as much as the duplexes.

[Chava61]

I have some older cousins who are retirees and live in Newark. But they lived there before they retired as well.

[phlydude]

Just remember, all 55+ communities in the state are required to house up to 20% of the residents as under 55 provided that no children (defined as under 18 yrs of age) live in the housing for more than 29 days at a time.

Great communities for those looking for quiet, well maintained neighborhoods without the noise and destructive tendencies that kids tend to bring to some communities. Plus, they maintain the properties for you (aside from structure) so you don't have to worry about mowing or gardening, shoveling or plowing.

Nice options for those that don't want, don't like or can't have kids.

[Charley]

Originally Posted by phlydude

Just remember, all 55+ communities in the state are required to house up to 20% of the residents as under 55 provided that no children (defined as under 18 yrs of age) live in the housing for more than 29 days at a time.

Great communities for those looking for quiet, well maintained neighborhoods without the noise and destructive tendencies that kids tend to bring to some communities. Plus, they maintain the properties for you (aside from structure) so you don't have to worry about mowing or gardening, shoveling or plowing.

Nice options for those that don't want, don't like or can't have kids.

Correct. I thought I read somewhere once that the 20% requirement is specifically for those of ages 48 through 54, but I cannot locate that source now.

[phlydude]

We've been looking at houses with my mother-in-law...she is from Boston area and enjoys looking at houses when she is down visiting. She said "it looks like there is no such thing as a recession down here" in refernce to all the construction continuing to happen.

But I don't think that they can discriminate the age to the group being under 55...just limit the children and how much time they can spend in a house.

Being that most 48-54 yr olds probably aren't considering kids, that might be something that a sales person or builder came up with to "sell" the idea of being a mature community.

[Boompa]

I used to live in a townhouse community called Country Place, out Cashio Mill almost to the Md line. It wasn't 55+ but had a very strong HOA. They were big townhouses, almost 2000 sq ft with very little yard.