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Friend of mine that lives there has told me that they are now moving people in that are on something like Section 8 housing. They are not 55+ and many have kids. Not interested in buying there as only in my 40's.
Just curious as to how they can possibly let this happen? I do know there were many vacancies and they probably had to do it in order to get the $. No one was able to sell then..can you imagine now? I am sure this change has plumetted property values to nothing now. Shame!!
What I've heard from a property owner is that when a percentage of a development (around 40%, I think) is rented, then owners are allowed to accept section 8.
Century Village used to be known as the ultimate in condo commandos-I'm skeptical this is true. Even if they allow renters, They used to be hard and fast on the 55+ rule. Highly unlikely the board there would allow this situation.
Thanks holly. Guess with economy anything goes. I feel bad for the owners that still live there daily as with all those younger people moving in..with kids they are losing the benefit of the reason they purchased there in the first place. Many places over the years have been relaxing the 55+ rule and saying only 1 person living there has to be 55+.
I would take a visit and let your eyes judge for you . Century in Boca is still maintained beautifully and looks exceptional compared to the other Century Villages. The Boca complex is a huge over 55 complex with very low cost of living but the complex itself is in the best part of West Boca . Don't take anyones word go and see for yourself . Even in these severe economic times when many condos are no longer kept well C.V Boca is actually better , they continually improve and update the complex.
I'm wondering if these stories are really true...my dad lives in Century Village in Deerfield Beach and though i haven't been down there in some time, if that sort of thing was going on, and he was seeing a lot of young families with young children living in the complex, i think he would have mentioned it to me and he has not...
And as far as i know, whether owner or renter...at least one person living in the apartment is required to be 55+ and Children must be over 18 years of age i believe...any age is allowed to visit...but living there is another matter...
Why would I make that story up? Rules can be broken in desperate times. I'm sure the associations voted to temporarily lift the restrictions to avoid going bankrupt. It is better to allow a few younger residents than than to go belly up.
There is a rule in the communities that the average age can be 55. I had an employee that lived with his elderly mother in a 55+ community. In the event of her death, he would still be allowed to live there (he is under 55).
Century Village really should be considered a last resort before a homeless shelter. It is low priced for a reason and full of miserable old people, mostly from New York. It was a great concept for the developer but the reality is that the place sucks. Visit and suddenly you will be reminded of a poverty version of Seinfeld's "Del Boca Vista!"
Why would I make that story up? Rules can be broken in desperate times. I'm sure the associations voted to temporarily lift the restrictions to avoid going bankrupt. It is better to allow a few younger residents than than to go belly up.
When i talk to him over the weekend on the phone, i will ask him about this...he gets a lot of "inside information" about what is going on in the complex from a lot of the friends he "hangs out with" at "poolside" (lol)
Also he is very "observant" so i will ask him if he has seen any indication of this in his development...
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