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BOCA RATON, Fla. — Susan Shapira, who is 58, recently moved into a condominium in Century Village, a gated retirement community here where most residents are almost as old as the name.
The prices are appealing. This could possibly be an avenue for one with enough savings to meet the purchase price, and a modest pension or SS to live on.
I own two rental houses in a 55+ community. One of my tenants is 55 and works every day. My other tenants are 58 and 56. The husband is military disabled and the wife works part-time. Just because you live in a retirement community doesn't mean you can't still work and have income. There are many younger residents in the community along with the usual older, one-foot-in-the-grave-and-the-other-on-a-banana-peel crowd.
I paid $35K for one house (fully furnished right down to the former owner's underwear ) and $32.5K for the other one (partly furnished). Both have fairly new roofs and A/C units. They were both liveable as is, but we put $10K into each one bringing them into the 21st century (new floor coverings, paint, new ceiling fans, updating bathrooms, strictly cosmetics).
There are still a few houses left in that community under $40K, but they're disappearing fast. Most are over $50K, some up to $75K. The economy in Ocala is picking up and the decent cheapie houses in a good safe neighborhood are getting harder to find. Now is the time to buy because next year they won't be out there.
I do not see how your age would restrict you from buying a home.
How 'young' is, too young to retire?
I got my pension at 42.
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) and $32.5K for the other one (partly furnished). Both have fairly new roofs and A/C units. They were both liveable as is, but we put $10K into each one bringing them into the 21st century (new floor coverings, paint, new ceiling fans, updating bathrooms, strictly cosmetics). 
