55 and older

If a person is 18 or a little older or person doesn't dress in a suit and tie should that make any difference? I have seen posts on these same subjects and no one seems to care what your age is or how one is dressed. If a person wants to do business and knows what they want to do, it shouldn't matter.

I hope my original post was clear.

I am not 55 or older.

The property is in a community they require home owners to be 55+ or older.

I think its a great idea! Of course I'm 56 !

For anyone that does'nt understand the over 55 thing, it's just that at that age you don't have to worry about the noise of kids yelling and screaming, or dogs barking, or loud music playing, parties, etc that WE all did when we were younger.

Don't get me wrong, I had 3 kids, now have 3 Grandkids, but now it's nice to wind them up then SEND THEM HOME !

In the over 55 crowd you're more likely to hear about aches and pains, or having to wait in the doctors' office too long !

On a serious note, doesn't really matter what you buy as long as the numbers add up !

nice reply Bob!

I appreciate your help!

Here is Florida there are a lot of 55 communities; mostly mobile homes, but also block homes as well. We have found, at least in our area it is extremely harder to sell in those communities because it restricts most of the population of home buyers. Also, the "lot rent fees" can average an additional $ 500 per month; that can be equivalent to a mortgage amount of about $ 100,000 ... which also looses it's appear because they can buy so much more house in a regular community.

we explored all sorts of 55+ communities in Florida and the formula is not on the side of the investor. It may be okay for end users, but the HOA fee is outrageous and that spoils the deal. It is also why a lot of condo communities don't make sense anymore as the HOA gets to be too high compared to the mortgage payment. It really is hard to sell a condo with a mortgage payment of $320.00 when the condo fee is $490.00. It may be a good deal, but it is a hard marketing problem to overcome.

In fact, besides the numbers not working on condos, my biggest fear is with all the empty units due to foreclosure what happens if the condo association goes bankrupt.

associations teetering on bankruptcy because of all the investors who defaulted on their condos when the bubble burst. These condos are nice to a point, but you can't get financing as they are not FHA approved anymore.