Reply to Pro/Con of over 55 communities

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[quote=Anonymous]My mom is in a 55 and over and she is definitely on the younger side. One plus is that sometimes these communities are in good locations where it typically would be more expensive to buy into - like Arlington and the beach. My mom has found her "crew" and has an active social life. While typically the buildings in her community stay low, during this period of time of crazy house prices, her unit has almost doubled in 7 years. The condo fees are high though

quote=Anonymous]My boss, who is in her late 50s, moved into one a few years ago. Sounds like she is one of the very youngest in the community and there are frequent visits from paramedics due to the age of her neighbors. Upside for her was the cost, she sold a townhouse and the unit she bought was much cheaper (she is a single empty nester) and she no longer needs to worry about property maintenance. Downside is that that property value probably won't appreciate much, since there is such a limited pool of potential buyers if she does decide to sell. [/quote][/quote]

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