U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Delaware
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-09-2009, 06:47 AM
 
16,199 posts, read 10,545,017 times
Reputation: 28844

Advertisements

Quote:
Originally Posted by Ellwood View Post
A final thought: several builders who received approval to build 55+ communities are revisiting the zoning boards to open them to everyone as there has been a large decrease in sales and interest for 55+.

Another point to take into consideration is resale. You will be selling to a limited customer base.
Yep........I believe this~~
Reply With Quote Quick reply to this message

 
Old 09-09-2009, 06:56 AM
 
29,739 posts, read 34,754,280 times
Reputation: 11627
Quote:
Originally Posted by Boompa View Post
Some of my experiences with 55+

They whined and moaned whenever children used the pool

They snooped at your lawn and yard looking for violations

In one case a residents daughter and son in law were killed in an accident and the grandchildren were staying with their granparents. The HOA forced them to move out.

The "Republican Club" took over the HOA and tried to force out anyone who didn't follow them.

I will NEVER move to another 55+ Community
What the hey about the HOA?
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 07:03 AM
 
29,739 posts, read 34,754,280 times
Reputation: 11627
Quote:
Originally Posted by Ellwood View Post
A final thought: several builders who received approval to build 55+ communities are revisiting the zoning boards to open them to everyone as there has been a large decrease in sales and interest for 55+.

Another point to take into consideration is resale. You will be selling to a limited customer base.
Amen, Amen and one more Amen. This is my major concern about Active 55. It is a major pyramid waiting to burn folks on the back in. Like most pyramids if you are in early and out early it works. Boomers are a bubble and following the bubble is a smaller pool of potential buyers. Also the average age in communities could be a lot older making them less attractive to the under 65 crowd. If builders are having problems finding buyers now what are the fundamentals to change that? If they are being over built now will a pick up in the economy rescue them? If people who prospered from the real estate bubble were selling high and buying active 55 what will be the those dynamics now that home equity has shrunk. Active 55 is a model with some real question marks about their financial sense.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 07:58 AM
 
Location: Delaware
388 posts, read 849,433 times
Reputation: 348
Thanks much for everyone's input to my original question. Seems there are a lot of negative feelings swirling about 55+ in general. I, too, was surprised Kathy was not at Roesville anymore, although they are still on our vist list at the end of the month. Also, was surprised to see Heritage Creek (not an 55+ place) in Milton no longer maintains their website - their homes were very attractive, albeit pricey. Yes, the financials are a VERY important aspect of any community, perhaps more so these days of scarce money. We are going to visit with an open mind, grateful we do not have to make a decision for at least one year.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 08:10 AM
 
16,199 posts, read 10,545,017 times
Reputation: 28844
I would just like to put things in perspective and be fair.

55+ communities have been around for decades. Mostly in florida...
30 years ago people were flocking to florida to live in a 55+ community at a good price.
The market leveled off and dropped in Florida after all the canes hit the other year.

IMHO.....there will always be 55+ communities but the sales will be up and down depending on the market.
I'm surprised at all the negative responses and thinking.......there must be someone out there that love this type of living beside DH and I.
Sure there are draw backs but that is anywhere.
Some communities are not doing well and others are doing fair. Another couple came through our community yesteday picking out their lot. Seems we are doing fair because the homes are not expensive but very nice.

This new age coming up is going to be more responisble financially. Credit card abuse and loans will be tapered.
Wanting lavished homes, keeping up with the jones will be a thing of the past. My opinion only.

Also...........right now..........mostly all communities are hurting. One of the biggest reason is "people can't sell their home"!! And even if they sell their home...the people that buy "their" home can't sell their home causing a domino effect.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 03:57 PM
 
Location: New Jersey
8,432 posts, read 12,398,123 times
Reputation: 8009
Quote:
Originally Posted by Ellwood View Post
A final thought: several builders who received approval to build 55+ communities are revisiting the zoning boards to open them to everyone as there has been a large decrease in sales and interest for 55+.

Another point to take into consideration is resale. You will be selling to a limited customer base.
In most cases "your children" will be selling to a limited customer base.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 04:01 PM
 
19,922 posts, read 9,972,359 times
Reputation: 27341
Quote:
Originally Posted by MPBsr View Post
In most cases "your children" will be selling to a limited customer base.
My wife and I are 57 years old. My oldest child is 34. Maybe when we kick the bucket, she'll just move in!
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 08:01 PM
 
Location: Sierra Vista, AZ
16,134 posts, read 20,759,011 times
Reputation: 8292
Quote:
Originally Posted by Ellwood View Post
A final thought: several builders who received approval to build 55+ communities are revisiting the zoning boards to open them to everyone as there has been a large decrease in sales and interest for 55+.

Another point to take into consideration is resale. You will be selling to a limited customer base.
I disagree, most 55+ have retained their value better than the surrounding communities. There are fewer forclosures in retirement communities so they aren't bringing down the market
Reply With Quote Quick reply to this message
 
Old 09-10-2009, 08:20 AM
 
Location: Sunshine N'Blue Skies
13,320 posts, read 20,096,787 times
Reputation: 11645
An issue at the 55+ community is one my sis is dealing with as she is making her moving choices.
If something were to happen to her, her daughter couldn't take possession of the home she might own at a 55+. Her daughter being in her 40's wouldn't be at that "golden age limit"........
I understand in that case the home would have to be sold. Just one other thing to take into account.
Reply With Quote Quick reply to this message
 
Old 09-10-2009, 08:22 AM
 
19,922 posts, read 9,972,359 times
Reputation: 27341
Quote:
Originally Posted by Summering View Post
An issue at the 55+ community is one my sis is dealing with as she is making her moving choices.
If something were to happen to her, her daughter couldn't take possession of the home she might own at a 55+. Her daughter being in her 40's wouldn't be at that "golden age limit"........
I understand in that case the home would have to be sold. Just one other thing to take into account.
Federal law allows up to 20% of 55+ homes to be purchased and owned by those under 55.

http://www.hud.gov/offices/fheo/library/hopa95.pdf

This should make her feel a bit more at ease in case something were to happen.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Delaware
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 11:54 AM.

2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top