25 Jul Question: Why are all the nice, affordable homes for sale in 55+ communities?
I'm under 55 years old and attempting to purchase a home – I'm finding several phenomenal homes with exactly what I'm looking for at reasonable prices that I would jump on in a second but they're all in 55+ communities. Based on my research, it seems like you could find the exact same home for $50k+ more outside of a 55+ community. I'm even finding homes with half the number of bedrooms and half the square footage not in a 55+ community that are almost double the price compared to nice, large 55+ homes. Are there any particular reasons for this? Are there benefits to selling/appealing to solely 55+? Wouldn't it make more sense to offer reduced pricing to those younger individuals who (on average) don't have the access to large savings like many 55+ individuals? (Can you imagine the uproar from a proposed 30 and under housing community?)
I've become somewhat frustrated after scheduling viewings for several potential houses that didn't indicate that they are 55+ communities in the description only to show up and be told I'm not old enough to live there.
Any thoughts or comments on this are appreciated!