Reply to Pro/Con of over 55 communities

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My grandparents moved to Laguna Woods (formerly Leisure World) right next to Laguna Beach, CA. This is a 55+ community.

They loved it. My grandfather was a former contractor and they flipped at least 12 houses within the 55+ development before they died. If you're into real estate, you can live in very nice areas for much cheaper than going rate in the surrounding neighborhoods outside the community (try buying a house in Laguna Beach...). If you are a RE investor, tons of opportunities to buy an older home, update it, and sell for big money without any competition from families or institutional investor money.

Other pluses: no maintenance, no yardwork, active security, easy access to golf/tennis/club houses, lots of activity-based (my grandmother led the Computer Club for 20+ years and taught thousands of retirees how to use computers and smart phones), discounted travel tours, etc.

Laguna Woods actually seceded from the adjacent city in the early 2000s because of escalating property taxes. So that's another benefit to a 55+ community that incorporates as its own jurisdiction - it can control property taxes to a degree.[/quote]

My parents live in Laguna Woods now.   I grew up near there (Mission Viejo.)[/quote]

Thank you for your contribution to this discussion.  [/quote]

You're very welcome![/quote]

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