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Reply to "Pro/Con of over 55 communities"
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[quote=Anonymous]OP 55 and over Pros when neighborhoods are first opened people usually love these because there are tons to do. However, there are some major cons. For example in Florida when the Developer leaves skyrocket your HOA and add a CDD payment as well. And as the community ages, this is not only in Florida maintenance costs go up. Also, it can be very hard to sell in these as they age. there becomes a glut of homes as people get sick and die off. My parents have lived in many of these mostly in Florida and or Arizona. Given they are on a fixed income they keep having to move because the costs of the HOA and Cdd's rise so much.[/quote]
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