😂 this shouldn't be a problem really but Great video, one that folks really need to watch. I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly.
But let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Social as well as Financial planning in retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation and I seek a more lucrative investment strategy to effectively utilize before I consider retirement
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@Elliot-Ivan The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I live in a 55+ park in southern Oregon. Love it here. Right on the river. Lots of critters. Good neighbors, ready to help is need be. I’m very active at 76, jogs, work out, etc. And I don’t feel like I’m in a nursing home. I have community groups I’m a part of.
I live in a 55+ park. I am one of the oldest residents here. If you are an active person, NEVER move into such a place. Everyone just sits around watching old westerns on TV all day waiting to die. If you ever need a little help, you are going to have to get outside help because #1- there are no young people around and #2- everyone who lives here either have bad knees, backs, hearts, hernias or something! It's very depressing.
I'm 60 years old and most everybody I know's either sick, needs surgery or dying or on depression medicine. Getting old is just the most awful thing. At least I'm healthy. I'm still in my home so I hope I never have to go to the nursing home / assisted living or some type of park for old people. Sitting around watching Gunsmoke is not my idea of having a nice life
My husband & I are seniors in a college town, black & white TV westerns are very popular, it is rare that seniors here get support from younger expel unless they hire housekeepers or care givers … I am convinced there is no utopia.
I live in community that's all older people. There's good and bad to it. We love the peace and quiet. There's no crime. Young kids and families make a lot of noise and bring in some undesirable friends. I love it here. When I want fun I go do something fun, I don't rely on neighbors for my social life.
Yep Jeremiah gets put there for a reason and she's sucking up all the social security for 30 years and she probably didn't even put into the kitty and now if you work for living there's nothing for you
I lived in a townhouse and was a member of an HOA. It wasn't too restrictive but I learned enough about the control they could exert, I decided never to buy property that was in an HOA again. I stayed 18 months. Part of owning private property is the freedom to maximize your asset to benefit your life. HOA takes that away.
Grandmother lived in one after her 2nd husband died. She luv'd every minute. It was her extended family, so many things to do💖 she never felt lonely or bored!
I moved into a 55+ coop and am now being bullied by other residents but have no help because management says you get along or get out. Believe me I stick to myself and am looking to move asap.
Yea, I did see a statistic that there are like 4 women to every man in most communities. And I think most seniors don't think about this option until they realize their current house is too big. And this age is probably around 75.
Here's one thing that was missed in the video. New construction communities with HOA's have artificially low HOA fees to begin with. After most or all of the housing is sold, expect the fees to triple or quadruple withing five to ten years.
Yup, the fees will go way up once all the houses are sold. If they make any improvements such as planting trees, putting in medians, etc it's a perfect excuse.
as someone on social security, but still able to maintain my own property: everything I see about "55+ communities" is the selfishness I see in the lifestyle. I get it. We all worked "all our lives" to have the fun-life expected by all Americans these days. I see videos on youtube from the more popular locations, and I don't even want to drive through there. I hear about all sorts of "clubs"...except those that look at serving others. I have no desire to live 600+ miles away from my family, my grandchildren. And certainly, I have no interest in the lifestyle exhibited by what I see from the videos. I was once a teenager. Not something I need to do again. Thank you for your video. I cannot imagine moving away from a paid-for home (especially in these times!), people I've known and loved for years. I've never understood the mentality.
As my wife and I are looking for places to move she keeps saying, "you have to love space and the place". Meaning it isn't just the house you live in but you have to love where you live too.
I own a home in a 55+ community and I love it. You don't have to be in a 55+ neighborhood to be in an HOA. Most of the subdivisions in our suburb have an HOA. Like most things in life, there are pros and cons to an HOA, but the biggest pro is that they maintain property values. And as for Karens, Karens are everywhere.
Imagine living in an HOA community where all the board members are retired and bored, and have unlimited time to get into your business. Yeah, no thanks.
Usually those members are retired from jobs where they had similar status as well. They crave the power. And they battle for the positions. My mother's neighbor moved after she was denied a spot on the board.
Bingo! That is exactly what has happened in our 55+ neighborhood. We moved in while it was still under the developer's control and it has been complete chaos since the developer turned it over to the homeowners.
My husband and I are 60 & 64 and moved into a new 55+ community 3 years ago. There are both sides. Our community is very small (only 89 homes) and our HOA fees include mowing but are still higher than average at $308/mo. We found out after the developer turned over the community to the homeowners that he was shady and he is currently in bankruptcy. I have made a few friends here, but there are may cliques. Since the homeowners have taken over, we have a bunch of people who have no clue how an HOA should be run and they thrive on thinking they have some kind of power. LOL Our restrictions are not onerous like the ones you mentioned, but they are currently trying to amend ours to say how long you can have yard decorations and for what holidays, etc. which I find ridiculous. This is the first time we ever lived anywhere with an HOA and I would say this is probably typical with any HOA, not just 55+. The people we have who serve on our Board are terrible. They are not leaders but think they know everything and are not transparent about any of their business. Just one example, they recently enacted a "Fine Schedule" which was supposed to be voted on by the homeowners. Not only was it not voted on, they never told anyone prior or subsequently. My neighbor found the Amendment buried on the Prop. Management website. They still have not ever announced it or sent a copy to everyone. They do a lot of stuff in secrecy and the Board President actually said, "We are raising the HOA fees because we can." At the present, we cannot afford to move with interest rates so high right now. I do not ever wish to live in an HOA subdivision period 55+ or otherwise. If you plan on living in ANY HOA, get a copy and read them word for word or better yet, have an attorney review them.
UGG, that sounds rough. That is one of the biggest problems with an HOA is they can change the rules. I hope it gets better if you decide to stay. Interest rates may come down a little but I've been saying on this channel for years that interest rates are supposed to be around 6%. So don't think there will be any big dips. Maybe since the owners taking over is new that they will settle down and get it figured out. Good Luck.
Well being a security officer for 12years in a "non" 55 and over condo the main complaint was young people playing loud music at 2am.very peaceful at my 55 and over.no loud music 2am
It's true, my experience was very quiet as well. But I did notice the boomers do drink a lot of booze, many of them all day everyday. But overall friendly.
Avoid condos like the plague. If your yard is big enough who cares how loud the tv is? Who cares if you have an old school bus up on blocks in your back yard that you are using as a shed either?
I am 57, single woman. A year ago, I decided to rent in a 55+ community. I agree with Jerry. First, what a rip off. You buy a depreciating hard to resell asset and rent the lot. What are you supposed to do when they raise the rent to the point you can't afford it? Move your house? This lifestyle may be for some, but not for me. I prefer the energy and vibe of young people. I will admit, I am not typical for my age. I take care of myself, I am very active a (bodybuild, hike, run, swim kickboxing) and still work and look younger than my age. I don't fit in, and they let me know it. I'm friendly and outgoing, but the women especially won't talk to me. Also, the main topic of conversation here is who has the most ailments and takes the most meds. For me, it feels like the last stop before the grave. I also see the same behavior of people wh, despite all the activities available here, have nothing better to do but walk the neighborhood literally looking for things to complain about and get into everyone's business. I'm thankful my lease is almost up.
Our good friends in Mesa, Arizona live in a beautiful 55+ golf community. A lot of those same rules that you talked about apply there but what I love about their life and their neighborhood as they have lots of friends, lots of activities and lots of travel buddies in the same, let’s say, income group :) and as a couple who will be retiring in our mid 50s that really appeals to me because all of my friends are still working lol
That's a good point. I know I kind of came across and anti 55+ but I'm not really. I just turned 51 and my wife is younger than me. We've been "retired" for a couple of years and find we are usually either are hanging out with 25 year olds with flexible schedules or 65 year old grandparents without jobs. There isn't a big "retired early' group in their 40-50's to hang out with. And I know a lot of older people want a subdivision with all of those rules, that's why they pick them.
As a resident of Mesa and looking to buy into a particular 55+ because it's like a senior college campus 202! Lol. So many activities, sports and social opportunities! Can't find a house yet!!
My parents lived in a 55+ in Florida and it was awful for our children when visiting them. My parents were so worried about them following the rule when they played schoffel board or swam in the pool, when no one was there, it became stressful for all of us. Sadly my husband never wanted to go back with the children. When we retired I said no 55 community and have never regretted it.
My husband and I just retired and downsized. I refused to buy a house with an HOA. You will not tell me what to do with my house or what breed of dog to keep. If you like that sort of thing, cheers!
@@ljkutten1303 I live in a "very nice" community WITHOUT an HOA and no age limit!. We all take pride in our neighborhood, don't need "authority" to do so! I think I'd rather live next to the car collector than YOU!! Your argument is BS! There are city ordinances against junk cars ect, they usually all have to have current tags and ins. The county ordinances and the size of your land may differ. I lived in 55+ community for a time, never again!
@@zsigzsag maybe your town had city ordinances against all junk cars. Maybe it was enforced. Mine only said they could not be visible from the street. So the backyard was full of junked VW. And for the wrecked car in the front yard, the rule was not enforced. Further not all towns have such rules. Have you ever seen those RUclips videos of horders who fill up their entire back yard with junk. The neighbor complain and complain and nobody, not even city health will intervene.
HOAs…….I have lived in one house with HOAs…….never again. A bunch of busy bodies with their cliques, invading my space in the guise of enforcing their rules. The biggest 😳 was that we didn’t get the full list of CC&Rs when we bought but we were told after two years that there were more rules than what we were aware of. We tried to fight it with the title company because it interfered with our property and paid a lawyer to tell us, basically, HOAs are autonomous and there are NO GOVERNING BODIES to oversee legalities in how they operate. Well……we sold at a loss, when there should have been no loss of value but the reputation of that community was legend with the local realtors and they’d steer people to other communities. No more HOAs for us.
Ugg... what a pain. Sorry that happened to you. That's the reason I made this video. There are good ones out there, but you need to know what you're getting into.
I'm not sure what is meant by an "over 55 community". I live in a relatively small community of condos. All but a few of them are one floor plans. Except for the few two-story units, they are 1700 Sq Ft. All are "owner occupant". There is a small pool and a clubhouse. The units have smallish patios, attached garages, some one car, some two car. I am 73 and below the average age of the community. There are rules. We all have the same color front doors. Plants on the patio cannot be more than 3 feet higher than the surrounding fence. No more than two pets. I like that there are rules. There are no eyesores such as old junk refrigerators on patios. It is pretty quiet. There are social cliques. There are the ladies who like to garden. There are the ladies who play bridge. Sometimes I am asked to help folks such as help rearrange someone's furniture. I do it willingly. Most of the time I am left alone. It's a nice place.
I live in a 55+ community. Yes, we do have CC&Rs. At my age, I am not going to be as busy as when I was young. We have a great clubhouse that has everything we need and we have several different activities that don't cost extra. What we pay for HOA goes into the maintenance of our community, roads, swimming pool, and clubhouse. I feel like I live in an extended family. I am glad we have rules, otherwise, our community won't be as clean and safe a place. Airport, hospitals are only 30 minutes away. Several medical centers are in our town. Grocery stores are only 5-10 minutes away. I believe living in 55+ communities, there needs to be some restrictions. If one minds own business at his/her own home, it is a much safer place than other places. In my neighborhood, most people care for each other. I just wanted to write something positive about my community.
Sounds nice. I have been researching 55+ communities a little bit over the last week. We live in Phoenix and are tired of the heat. I like living in an HOA area so that people can't park their cars or boats on the lawn or other crazy stuff. I have read about and been to a few 55+ community websites and seem like there would be some community there like you mentioned. We are currently in a nice area but nobody talks to each other. Unless it's a quick hello. Can you advise where you are located?
You paint a very negative picture of 55+ communities. I live in a 55+ community in Canada. My husband and I researched and visited a number of these communities for a few years before we decided to move to one. The community I live in allows us to plant and do our own gardening if we choose, but lawn mowing, trimming of all plants and trees, mulching and watering is still done by the maintenance workers. In the winter they shovel the snow and salt all porches, walkways and roads. We are allowed to change any exterior feature as long as it is approved by the managers. We do not have cookie cutter homes or gardens here at all; they come in all shapes and sizes. We have very reasonable monthly fees (I paid much more in monthly fees in a condo than where I am now). The 45 thousand square foot recreational centre offers over 100 club activities, at no extra charge (unless we hire an outside speaker or expert, in which case there is a nominal fee to pay if a person decides to join that activity). We have no cap on the number of pets we can own, and although we can only have two people at any given time living in our home, exceptions are made for extraordinary situations. Of course, we can have guests stay with us for as long as we like. Hospitals and healthcare facilities are nearby, and since the healthcare system here in Canada is different from that in the USA, no one here ever worries about paying for medical visits or surgeries (this is paid through our taxes). This particular community I live in was built over 30 years ago and has an impeccable reputation. I cannot stress it enough that a person considering such a community should do their homework thoroughly before taking the leap. I certainly have no regrets.
I'm not for or against them. I just wanted to make a video about some things that people may not have thought about. My whole channel is based on getting people to think about retirement and I try to offer ideas that not everyone has thought about.
You have found shangri la. I’m thinking that Canadians are much more pragmatic and less volatile towards neighbors business than Americans. It is good to know that there are places with reasonable less invasive community “rules”.
Husband passed 7 1/2 years ago. Downsized to condo 18 months later. Same area. Was 67 when he passed, worked til 72. I was close to my work, friends, social activities etc. have lovely patio so I can garden, on condo board, able to garden in area in front. We have gardener but I plant flowers, bulbs and now in summer we have tomatoes, peppers, herbs etc. Other residents have joined in. Friend moved to tri level care. During covid she could not have people visit, their housekeeping was minimal, meals delivered on your doorstep, you were encouraged not to leave compound except for medical/dental care. I did what I wanted. Had friends over, ate together, had my house cleaner over, found beautician & manicurist who made house calls. Did not wear mask. Others did, your choice. If you are in assisted living or tri care you must follow guidelines of the state. Called RCFE’s, Residential Cate Facility for Elderly. Big difference living in home you own and not living under state rules.
@@Michelle-zz7no without freedom of choice you begin to lose your identity. I believe you need your be in living situation where you are around various ages of people, close to social activities, seeing children play and interact together. Assisted living makes you old very fast. Sometimes it is necessary but many can avoid or put it off if you plan well.
Yes great points. It is a way to have more autonomy and still have some close neighbors to look in on you. We spent Covid on a Caribbean Island and they pretty much closed off the island and we were able to do things most people could not. I say you have to look at how places treated people during that time when you are looking to move there now.
My mom was in a wonderful 55+ community. There was one thing that really bothered her, and that was having so many neighbors, people she liked, getting sick, going off in an ambulance, or dying. It was a huge community and there were sirens daily. We've decided to stay where we are while we can and we get to know the younger people in the neighborhood. I really enjoy seeing the little ones riding their bikes, or coming around for Halloween, or running for the ice cream truck.
Also, if you are single, you may encounter blatant hostility from married couples. I moved into a park where single women were actively verbally attacked and spied on. I kept to myself and stayed but most of the women moved out immediately. So, if you are single, check out your neighbor's before buying.
I live in a small sub division ( 35 homes) and I’m the only resident who is not married. The only interaction I have with my neighbors is the occasional wave. I couldn’t care less about them and they have the same feeling(s) for me.
I pretty much agree 100% with what you are saying, and it has not even crossed my mind to ever move to one of those communities (or to any community with an HOA, for that matter). But I could see it at older ages, maybe at 75, 85 etc If you are single or a widower, you don't have children, family lives far away or you do not have a lot of relatives left, your friends are moving closer to their children at their older ages.... Well, in that case, I could consider downsizing to one of those communities mainly not to feel lonely.
I think it would give you a head start to meeting new people and making friends. I think that many older people have kids that have moved away and it make it hard for them to figure out where to live when they do think about downsizing.
Yes Ana R for those who are single, no children, living in one of these communities can be beneficial if it's a good community that doesn't suffocate its members with too many rules and that allows pets.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Im 62 and intend to retire, in my own home, in a few months. Right now, my wife and i are fairly hale, healthy and active. I imagine some day, if we live long enough, one or both of us may need such a place, but for now were good.
In my opinion HOA's have one prime directive: maintaining property value. They will lawyer-up to stop nearby new construction or municipal projects deemed to have a detrimental effect on home values. We have an old high school being torn down and several of the HOA developments are working to rezone the land into park and recreational use. This was after the state approved a grant for middle income housing - including demolishing the old building. I imagine there was a "special assessment" people were forced to pay to fund this legal war. Some of these were 55+ communities. Just the fact you could get sucked into something for something like this is a turn-off for me.
My friend lives in one , her neighbor took a dislike to her they began telling the landlord stories of my friend saying all the things she was doing wrong some lies some truth , landlord was ready to put her out , my friend went to the lady and begged her stop , she stop , but now she has to take her to the grocery store when she gets her food stamps , ( black mail ) Your right all the rules are long and stupid ! And even if you try hard , they can and will F.... with you , just because they can .
You might not be taking property tax into account. Property taxes in these communities can be less than 50% of what you would find in a single family home. And that could be substantial in New Jersey the difference is 3,000 a year versus $10,000 a year
We live in Palm springs California near Mobile home Park and we love it. They were the youngest ones here and they're more active than we are I think it depends where you live and the vibe of the park and the people
HOAs are a total deal killer for me. If your going to tell me what I can and cant do with my property I paid for myself and pay the taxes on, then you should at least, and I mean at the very least, pay my taxes, then we can discuss, otherwise kick rocks!
I'm not an HOA guy either. It's a big reason that none of my investment properties are condos. I don't like people telling me what to do, and I don't like unexpected costs.
I like having an HOA. All the front gardens are well kept. We are allowed to landscape as long as we get approval. I took out some of the grass and put in a mixed border. Other residents come by all the time and tell me how much they love my garden. I don’t know about any pet requirements. We like that you can’t park RVs in the neighborhood. We have fenced in backyards. Every HOA is different. Read your CC&Rs before you buy, but I like that the community looks well kept. Mine is not a 55+ community.
When I was 37, I rented a room in a trailer in an over 55 community. It had a clubhouse and swimming pool which was never used. I made use of the swimming pool, and the free library in the clubhouse. Technically, I shouldn't have been there, but nobody said anything. This was in Seattle, in the late 90s.
Ive lived in 2 HOA communities for the last 17 years. Smaller, older ones dont have bad rules. I have Teen who is going to community college, one 55 we looked at states he cannot live there more than school breaks, so we passed. We have been looking in non HOA community for a little land & privacy - Y'all need to mow your lawns consistently & powerwash your houses. Its not just one house it is many houses. Its not an excuse to not take care of your property. Ill stick to an HOA.
It completely depends on the community and on what you want. HOAs are getting harder to avoid so they are a problem in many communities. I personally like being around people my own age.
Very good video. I was doing research into Leisure World in California. Too many drawbacks. HOA fees run close to $500 per month. And to get accepted into the HOA is a one time fee of $5,000 per person. A man and wife would have to pay $10,000. Property taxes are separate and not part of the monthly HOA fee. If a resident becomes ill and needs constant care, you can't have a live-in caregiver. In addition, LW was built in 1962 and the homes look out-dated and old. No thanks, I'll pass on LW.
Yea, that's a big hit upfront. I'm looking at retiring in Spain and they hit you with a 10% tax on real estate up front, but then you pay almost nothing for real estate tax and home owners insurance. But, they will hit your income hard. There are pros and cons everywhere, just have to figure out what works for you. I hope you find a great solution.
It’s a tough decision! If you remain in a house, you are faced with maintenance issues, gardens to maintain and being possibly being ripped off by trades people when required because you’re more vulnerable! There’s pros and cons with everything and we are living longer too!
Most people who move into an HOA community probably have no idea about all of the restrictions. Number One on my home buying list was no HOA. No steam heat etc.
Yes, and there may be an upfront fee for the pets and in some places it says small pets. There may be an extra fee for the Clubhouse ... and if you drive a car and the neighbor doesn't they may be a nuisance asking you for a ride
I have a relative who lives in a 55+ gated community. I’m unsure of all of the features and services. She may have moved there, because she is ill. But, it is too cookie cutter for me. Like I’m pretty sure that, if you painted your mailbox ecru, against all of the other perfectly lined up mailboxes on each street, you’d hear from someone pretty quickly. Despite that her home seems to be one of the largest and it is nice, with vaulted ceilings and a nice patio and the landscaping is taken care of, things feel cheap. I’m just used to better quality. The other thing is that, while it’s a gated community, I took a look at an aerial view. While there’s a guard at the gatehouse, that will call my restive, to see if I can be admitted, it appears that the area surrounding this gated community, might be easily accessible, via a not so long walk, by anyone who wanted to walk up behind the homes, onto their patios and break in. While I don’t know whether that back area is fenced in, for certain or not, it might be a “sense of security” rather than actual security, these people are paying for. And, yes, these types of places are perfect for Karens. People who have nothing better to do, than to people watch, for the sake of penalizing them, for the grass being more than a half inch long. I’ve met a couple of my relatives neighbors and they seem quite nice. But, I’m all too aware of what it’s like to have a narcissistic Karen, even as an apartment dweller. I know it’s going to be an absolute NIGHTMARE, as I age, to maybe need occasional help from neighbors, who might also be Karens!
@@TheRetirementality I’ll soon be 60. Feels like the only thing to look forward to, is liking people and life less. Far less. I started not liking new neighbors, as they moved into my apartment complex, more than I did years ago. Narcissistic entitled people, who, as they age, seem to want to convert an apartment complex into a free nursing care facility. So, when they have neighbors, who are younger or at least look younger, and if they’re female, single and maybe of color, the game is, “Oh you’re GONNA be my free 24 hour caregiver and you don’t have to like it!” But then, I inherited my mother’s home, which I’m just taking care of for now, since she ruined a lot of it and although the neighbors knew my parents, I don’t know if I like them either. Plus, I’m so lucky, I have a sister, just doors away, who wanted both homes and even broke into mine and changed the lock, before deeds were distributed. Frankly, I wonder if living in a tree might be easier.
Maybe not if you are newly retired, however, I am in my eighties and moved to 55 plus last year. Best move I ever made! I love it! Mine is an apartment with lots of amenities.
How about that some( maybe all) can vote to change HOA rules. I know a lady who picked a place where fences were allowed. That was her main reason for buying into that community. So she built a fence. About a year later the HOA voted for fences not to he allowed anymore. She had to take her new fence down and she eventually sold her home and found another place to live.
Oh yea, that would be a big one. City governments keeps trying to do this in regards to airbnbs and how you are allowed to use your property. Super annoying.
Sounds like living in a communist country where you are forced to follow onerous rules under the prying eyes of nosy neighbors that can report you to the board for minor offenses. Like the one line out the sopranos when visiting a retirement home for Tony's mom, "its like High school but with walkers and wheelchairs". Great info that confirms my opinion on that sort of communities.
Really many HOA communities have the same rules and are not 55 plus. Yes, you are right to do your research. Selling is much easier due to the aging population. The demographics graphics are huge. No different than many HOA communities except for leasing part of your home.Yes pro and cons this
Okay, I think the HOA problems are directly related to Strata living which can turn bad for ANY age group if the Council and By-laws are not good. But a very real problem is the mindset. As people age they stop wanting to invest in upkeep. So you have buildings etc that become poorly maintained because "I don't care, I'm going to be dead before it falls apart." Interesting video. Very thought provoking!
as soon as I hear the words HOA I run fast no way in hell is anyone going to tell me how I can live in my own home this is America not Cuba. not for me thank you.
I live in one and love it. I have great neighbors and lots to do here. Going to Karaoke tonight. Also much cheaper than living in a house. HOA is awesome as it covers everything. Also we have maintenance that fixes everything. We can only have two pets. Glad they have that rule. This place would be a mess without rules. Backyard? We don't have that. lol So much cheaper than rent. Mine has been here since 1962. Places are selling for more all the time here. We have medical onsite and close to a hospital. We have great people here and great clubs. No clicks or gossip. We have over 10,000 residents. We don't pay extra for using things here. All is included and awesome. The gym is kept up and current. Has awesome machines. You can't say any of this as is may vary in each community. Not so in mine.
I have lived in 4, I different assisted living communities. I have moved because managrment, owner, allows drunkard behavior, drugs, residents selling their prescription meds, street drugs, bullying by other residents, and even staff . Ive had cloths, alot of pricy cloths stolen from my room. Reported it to management, they claim nothing showed up on security cameras. !!! Gossiping is a way of life. It turns viciously for one like me who does nothing.
I'm a loner who stays inside. Seems okay to me. No business for anyone to stick their nose in. I workout and go home. I would imagine the nosey neighbors help keep burglars away giving me more time to travel. No looking to be friends with anyone.
This is the very first video of this subject I've ever watched and you just made me not want to ever watch another one. Although I neither like the house nor the entire property of the location... I moved with my parents from southern Erie County PA to a 55+ community in central coastal OR just over a year ago. I don't believe there's an HOA, but there is a lot rent. There's already fencing installed on most properties. There's a home that recently had an RV garage constructed or renovated to an RV garage. There's also an area where people can park their RVs and boats. Although I'm not yet 55, they let me move here with my parents - just had to provide my ID. I don't believe there's a specific pet requirement, but most seem to have a dog, or maybe two. The neighbor has at least one cat. Such a video as this contradicts the channel name. Although people can retire early, actual retirement age is 65 or even a little older. The reality, is... If ya don't know then don't tell - or at least use more appropriate wording.
Margaritaville in Daytona is a very active community, but no golf , which is nice if you're not a golfer why should your monthly dues be subsidizing something you dont participate in.
We live in an over 55 community. It’s like anything else, the people who generally have the most negative comments and judgment, have never lived in one. They vary so much, just like people do, anywhere. I have learned that just because people are old, it doesn’t mean you don’t have all of the different kinds of personalities, including bullies. They are all in any place you live. We have found that living around people who are within 30-40 years of each other, is great! We can do things and share experiences in our lives, both past and present. We see lots of young people and children here. Our rules don’t interfere with life for us. We do have lots of activities, and nobody judges if you do them, or are good at them, or not. People have differences, including politics. But, people respect each other. Most of us grew up knowing that you don’t talk about religion and politics. I really don’t understand why there’s so much negativity and judgment regarding seniors and the way we live. Where is the younger generation when we need advocates for social security, healthcare, dental, assisted living and nursing home care?!
Great comments. I have been researching 55+ communities as we are tired of the heat in Phoenix. Can you advise where you are at? I have checked out a few in So Cal. I want cooler weather but no snow.
It sounds like you found a good one. Like I said, there are pros and cons to everything and they are a great fit for some people. They wouldn't be so popular if they weren't. Thanks for the comment.
Live in SW Florida. Have lived in "regular" communities, active adult communities, and 55+ communities. They all had HOA's with restrictions. Tough to find a place in FL that does not have an HOA. Some people in the news in FL did not live in an HOA and did not have restrictive zoning; there is now a new car center adjacent to their house under construction. If you don't want restrictions, don't move to FL. (Please do not move to FL.)
agreed. I'm going to look at your other places to live videos. Unfortunately, I am not set for retirement very well, hardly at all so I am considering decent out of country places for a lower price. Being single and such. sigh
55+ Active Adult - HOA amenities vary from community to community. I would rather have amenities year round to share with visitors. These communities replace Country Clubs. These are not for people who have lived in the same town their entire lives.
I’m retired after working 34 years on the railroad and have lived in two 55+ communities and will never do it again. I am single and I date a lot of women and when living in the 55+ communities everyone seems to be in your business. I was the talk of the community and was a lot of gossip about me. Old people don’t have anything to do but watch what you’re doing all day long. Never will I do that again.
If I were making this video, I think I would separate the two issues: (1) HOAs and (2) 55+ Communities. Buyers often are stuck with all the rules of an HOA when they buy a house period. A 55+ Community probably adds more rules and restrictions. One nice thing about an HOA is that they can keep investment firms from buying up the houses and turning them into rentals. I haven’t researched this point but understand that federal law prohibits HOAs from prohibiting the placement of a TV antenna on the roof of a house.
@@lawyer1165 in my neighborhood of 100 homes they were stricter & limited the percent of homes, but my current neighborhood of 1,000 it seems that they don't limit them. You make a good point though.
55 today is not the same psychographic market that it was yesterday. It’s more like 70+ would have shared values and expectations in common. 55 is more like late 30s to mid 40s. They share the same space with Gen Z in interest, activities and goals.
As someone who works with seniors, I see a problem where people get in over their head financially and one partner gets sick and needs assisted-living and as a couple they can't afford to maintain both residences. Moving out in a hurry is an expensive proposition for some.
I live in the most fantastic 55+ community ever! One of my wiser decisions was moving in here. Just like anything else, there will be good and bad examples. But you could not be more wrong painting them all with your ugly brush lol. There are a lot of things YOU don't realize. :)
I tried to stay away from this place and told my parents to move out. But they love it here! Financial sinkholes, yesterday the lawn guy broke three sprinklers. I'm tired of fighting the technological, social and economic following of this place. All because a new haitian female real estate agent wanted to make a sale off my mother.
One huge extra is the exit fees some of these places charge. We just got out of one of these he'll holes for all the 5 reasons you talk about but lost over $100k in all the exit fees. Just be carefull and in fairness not all these villages charge the fees
I almost put my house for sale and was going to one of these places. I am so glad I didn’t. A friend told me she used to work there. The food is NOT good at all.they just open cans, like ditty more, and that’s it. They won’t allow a kitchen because they think we will start a fire. And they advertise that they will provide rides to appointments but they do NOT, they always have a reason, and my friend had to quit because she said they treated the residents awful. THEY TAKE EVERYTHING. Life insurance, home, car, everything so you won’t have a inheritance for your kids. I tell you, I’d rather die than go there.
In my 55+ community, you have to have WHITE curtains! And yes, there are many other stupid rules that define "approved" exterior paint colors, size of vehicles, parking regulations, length of visitations, no more than 2 pets and they must weigh less than 30 lbs, no AC units facing the street, you must have a carpeted porch/deck, how long your trash cans can be on the street, where you can store things on your property, property maintenance, on and on... Many of the rules are selectively enforced. There's a neighbor who a number of residents (myself included), have reported over the course of several years for playing loud music. When the offending neighbor refused to comply with the lease terms banning loud music, management refused to enforce the lease until I had reported the offender more than 20 times in writing. Management then came to me to ask if I would sign a waiver allowing the offender to play his music at certain times! When I said no, management finally took action and the music stopped. But this has come at a cost which management refuses to address. Offender has threatened harassment and retaliated against all of the neighbors who have reported his music. He has also threatened "legal" retaliation against management for this and other issues. Because I complained, I have been targeted for more than 2 years by the offender who approximately twice a month sets off very loud fireworks late at night within feet of my home. The fireworks cause my home to shake. Offender has done this to other neighbors too. To "keep the peace", management refuses to engage. Some neighbors have decided to move instead of continuing to live with the threats and harassment from the offender. I agree that going after this offender would potentially cause issues and perhaps physical harm in the short term, so it's a no win. While this is a difficult situation, I'm actually glad I live in a community with a management team who will deal (although reluctantly) with this person and other problems within the community. While many of the lease regulations are stupid, most are actually common sense things aimed at keeping the peace and maintaining aesthetic standards that protect my property value. I'm willing to put up with the stupid stipulations in exchange for having someone to go to when I have an issue in the community. It's easier than trying to deal with it on my own or via the police.
That sounds like a nightmare. I'm sorry you're going through this. I can definitely understand why you'd want to avoid dealing with that person directly. Good luck.
Not all 55+ communities are that restrictive. You have to do your research. The amenities and social support far outweigh the negatives. And for me it is much less expensive than owning a house in a regular neighborhood as so much is included.
I live in a senior 55 a o srtments almost 4 years its o l but then again There sre only 2 other couples here modt are widowed. WE JUST KEEP TO OURSELVES A D D O NT GET INVOLVED with activities here at all we do oyher things outsude of here its nice quiet secure place in a small count t y town if you just do other things on t hr I utsude then your fine st as y out of the gisdip cickes all us well make no re l atioships there have outside relationships like church its all good say hi y o them if you see them but judt dont hang I r d o things with them thrn all is good however thete have been a few people widower who have found love sgsin in their old age around here I think it good for them. Thats my advise it your living inonr or even think about living in a 55 plus place any y hing just keep to yours r lf dont get involvrd in anyyhing have your own people or family do other things you enjoy hobbies activities on the outdide then its alll good and youll be fine living in one it udbt bad its nice here.
Not where I live. Celibacy is the norm. In case you didn't know, HALF of all American women have had sex for the LAST time by age 50 (according to John's Hopkins). Menopause destroys libido. My neighborhood is full of SAD men who haven't had any in decades.
😂 this shouldn't be a problem really but Great video, one that folks really need to watch. I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly.
But let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Social as well as Financial planning in retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
No doubt diversification cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation and I seek a more lucrative investment strategy to effectively utilize before I consider retirement
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@Elliot-Ivan That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@FlorentGulliver My advisor is VICTORIA CARMEN SANTAELLA
You can look her up online
@@Elliot-Ivan The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I live in a 55+ park in southern Oregon. Love it here. Right on the river. Lots of critters. Good neighbors, ready to help is need be. I’m very active at 76, jogs, work out, etc. And I don’t feel like I’m in a nursing home. I have community groups I’m a part of.
Statistically people who live in retirement communities live up to 4 years longer❤. Love from Australia
I live in a 55+ park. I am one of the oldest residents here. If you are an active person, NEVER move into such a place. Everyone just sits around watching old westerns on TV all day waiting to die. If you ever need a little help, you are going to have to get outside help because #1- there are no young people around and #2- everyone who lives here either have bad knees, backs, hearts, hernias or something! It's very depressing.
I'm 60 years old and most everybody I know's either sick, needs surgery or dying or on depression medicine. Getting old is just the most awful thing. At least I'm healthy. I'm still in my home so I hope I never have to go to the nursing home / assisted living or some type of park for old people. Sitting around watching Gunsmoke is not my idea of having a nice life
My husband & I are seniors in a college town, black & white TV westerns are very popular, it is rare that seniors here get support from younger expel unless they hire housekeepers or care givers … I am convinced there is no utopia.
I live in community that's all older people. There's good and bad to it. We love the peace and quiet. There's no crime. Young kids and families make a lot of noise and bring in some undesirable friends.
I love it here. When I want fun I go do something fun, I don't rely on neighbors for my social life.
Dang, that doesn't sound great. A lot of commenters are mad at me for being too negative.
I'm with you. But I always make fun of my Dad and the him that his TV also plays colors movies.
With no kids in the neighborhood to yell at, they can only turn on each other.
Oh man... that is a good point. Just keep your head down.
You can't yell at some little snowflakes without having to punch out mama Karen.😂😂
Yep Jeremiah gets put there for a reason and she's sucking up all the social security for 30 years and she probably didn't even put into the kitty and now if you work for living there's nothing for you
I lived in a townhouse and was a member of an HOA. It wasn't too restrictive but I learned enough about the control they could exert, I decided never to buy property that was in an HOA again. I stayed 18 months. Part of owning private property is the freedom to maximize your asset to benefit your life. HOA takes that away.
I agree. I want to do what I want to do.
Grandmother lived in one after her 2nd husband died. She luv'd every minute. It was her extended family, so many things to do💖 she never felt lonely or bored!
I see them out daily playing cards, tending to gardens, talking, and enjoying themselves. Sometimes they go on bus trips to see a show or gamble.
That is great.
Pros and Cons to everything. They are a good fit for some.
I moved into a 55+ coop and am now being bullied by other residents but have no help because management says you get along or get out. Believe me I stick to myself and am looking to move asap.
I have more comments saying things like this, than ones saying they love it.
I visit a friend that lives in a 55+ condo and you get the vibe that your in a nursing home. Most of the people there are women and are 75+.
Yea, I did see a statistic that there are like 4 women to every man in most communities. And I think most seniors don't think about this option until they realize their current house is too big. And this age is probably around 75.
Here's one thing that was missed in the video. New construction communities with HOA's have artificially low HOA fees to begin with. After most or all of the housing is sold, expect the fees to triple or quadruple withing five to ten years.
That is interesting. Not something I was aware of. Thanks for the comment.
Yup, the fees will go way up once all the houses are sold. If they make any improvements such as planting trees, putting in medians, etc it's a perfect excuse.
as someone on social security, but still able to maintain my own property: everything I see about "55+ communities" is the selfishness I see in the lifestyle. I get it. We all worked "all our lives" to have the fun-life expected by all Americans these days. I see videos on youtube from the more popular locations, and I don't even want to drive through there. I hear about all sorts of "clubs"...except those that look at serving others. I have no desire to live 600+ miles away from my family, my grandchildren. And certainly, I have no interest in the lifestyle exhibited by what I see from the videos. I was once a teenager. Not something I need to do again. Thank you for your video. I cannot imagine moving away from a paid-for home (especially in these times!), people I've known and loved for years. I've never understood the mentality.
As my wife and I are looking for places to move she keeps saying, "you have to love space and the place". Meaning it isn't just the house you live in but you have to love where you live too.
Everyone is in different financial situations. It’s all relative.
Thank you for the warning,doesn’t sound sooo exciting especially with their rules,rules,rules, o thank you
No thank you
I own a home in a 55+ community and I love it. You don't have to be in a 55+ neighborhood to be in an HOA. Most of the subdivisions in our suburb have an HOA. Like most things in life, there are pros and cons to an HOA, but the biggest pro is that they maintain property values. And as for Karens, Karens are everywhere.
Imagine living in an HOA community where all the board members are retired and bored, and have unlimited time to get into your business. Yeah, no thanks.
Usually those members are retired from jobs where they had similar status as well. They crave the power. And they battle for the positions. My mother's neighbor moved after she was denied a spot on the board.
Bingo! That is exactly what has happened in our 55+ neighborhood. We moved in while it was still under the developer's control and it has been complete chaos since the developer turned it over to the homeowners.
Ha you paint a great picture.
My husband and I are 60 & 64 and moved into a new 55+ community 3 years ago. There are both sides. Our community is very small (only 89 homes) and our HOA fees include mowing but are still higher than average at $308/mo. We found out after the developer turned over the community to the homeowners that he was shady and he is currently in bankruptcy. I have made a few friends here, but there are may cliques. Since the homeowners have taken over, we have a bunch of people who have no clue how an HOA should be run and they thrive on thinking they have some kind of power. LOL Our restrictions are not onerous like the ones you mentioned, but they are currently trying to amend ours to say how long you can have yard decorations and for what holidays, etc. which I find ridiculous. This is the first time we ever lived anywhere with an HOA and I would say this is probably typical with any HOA, not just 55+. The people we have who serve on our Board are terrible. They are not leaders but think they know everything and are not transparent about any of their business. Just one example, they recently enacted a "Fine Schedule" which was supposed to be voted on by the homeowners. Not only was it not voted on, they never told anyone prior or subsequently. My neighbor found the Amendment buried on the Prop. Management website. They still have not ever announced it or sent a copy to everyone. They do a lot of stuff in secrecy and the Board President actually said, "We are raising the HOA fees because we can." At the present, we cannot afford to move with interest rates so high right now. I do not ever wish to live in an HOA subdivision period 55+ or otherwise. If you plan on living in ANY HOA, get a copy and read them word for word or better yet, have an attorney review them.
UGG, that sounds rough. That is one of the biggest problems with an HOA is they can change the rules. I hope it gets better if you decide to stay. Interest rates may come down a little but I've been saying on this channel for years that interest rates are supposed to be around 6%. So don't think there will be any big dips. Maybe since the owners taking over is new that they will settle down and get it figured out. Good Luck.
Well being a security officer for 12years in a "non" 55 and over condo the main complaint was young people playing loud music at 2am.very peaceful at my 55 and over.no loud music 2am
Amen to that!
It's true, my experience was very quiet as well. But I did notice the boomers do drink a lot of booze, many of them all day everyday. But overall friendly.
Avoid condos like the plague. If your yard is big enough who cares how loud the tv is? Who cares if you have an old school bus up on blocks in your back yard that you are using as a shed either?
@@StevenHughes-hr5hp there are no yards in condos they are like apartments
I am 57, single woman. A year ago, I decided to rent in a 55+ community. I agree with Jerry. First, what a rip off. You buy a depreciating hard to resell asset and rent the lot. What are you supposed to do when they raise the rent to the point you can't afford it? Move your house? This lifestyle may be for some, but not for me. I prefer the energy and vibe of young people. I will admit, I am not typical for my age. I take care of myself, I am very active a (bodybuild, hike, run, swim kickboxing) and still work and look younger than my age. I don't fit in, and they let me know it. I'm friendly and outgoing, but the women especially won't talk to me. Also, the main topic of conversation here is who has the most ailments and takes the most meds. For me, it feels like the last stop before the grave. I also see the same behavior of people wh, despite all the activities available here, have nothing better to do but walk the neighborhood literally looking for things to complain about and get into everyone's business. I'm thankful my lease is almost up.
That truly sounds awful! 😬. So glad you’re getting out!
Our good friends in Mesa, Arizona live in a beautiful 55+ golf community. A lot of those same rules that you talked about apply there but what I love about their life and their neighborhood as they have lots of friends, lots of activities and lots of travel buddies in the same, let’s say, income group :) and as a couple who will be retiring in our mid 50s that really appeals to me because all of my friends are still working lol
That's a good point. I know I kind of came across and anti 55+ but I'm not really. I just turned 51 and my wife is younger than me. We've been "retired" for a couple of years and find we are usually either are hanging out with 25 year olds with flexible schedules or 65 year old grandparents without jobs. There isn't a big "retired early' group in their 40-50's to hang out with. And I know a lot of older people want a subdivision with all of those rules, that's why they pick them.
Getting old is hard enough. The LAST thing you need is to be bullied by an HOA!!!!!!
As a resident of Mesa and looking to buy into a particular 55+ because it's like a senior college campus 202! Lol. So many activities, sports and social opportunities! Can't find a house yet!!
My parents lived in a 55+ in Florida and it was awful for our children when visiting them. My parents were so worried about them following the rule when they played schoffel board or swam in the pool, when no one was there, it became stressful for all of us. Sadly my husband never wanted to go back with the children. When we retired I said no 55 community and have never regretted it.
Mom owned a condo same deal....we hated going with our children....sad truly
We live at a 55 and older community. Robson Ranch in Texas. We have enjoyed living here. There are so many things to do with people of the same age.
We are moving there in a matter of days - cannot wait! Thanks for comment.
My husband and I just retired and downsized. I refused to buy a house with an HOA. You will not tell me what to do with my house or what breed of dog to keep. If you like that sort of thing, cheers!
I could never live anyplace where my all neighbors like that sort of thing. Closet fascists. Talk about lousy neighbors ..... sheesh
I'm with you... I gotta be me. 😂
You have never lived in a very “nice” community only to find out your neighbor likes to store a large number of junk and wrecked cars in his yard.
@@ljkutten1303 I live in a "very nice" community WITHOUT an HOA and no age limit!. We all take pride in our neighborhood, don't need "authority" to do so! I think I'd rather live next to the car collector than YOU!! Your argument is BS! There are city ordinances against junk cars ect, they usually all have to have current tags and ins. The county ordinances and the size of your land may differ. I lived in 55+ community for a time, never again!
@@zsigzsag maybe your town had city ordinances against all junk cars. Maybe it was enforced. Mine only said they could not be visible from the street. So the backyard was full of junked VW. And for the wrecked car in the front yard, the rule was not enforced. Further not all towns have such rules. Have you ever seen those RUclips videos of horders who fill up their entire back yard with junk. The neighbor complain and complain and nobody, not even city health will intervene.
HOAs…….I have lived in one house with HOAs…….never again. A bunch of busy bodies with their cliques, invading my space in the guise of enforcing their rules. The biggest 😳 was that we didn’t get the full list of CC&Rs when we bought but we were told after two years that there were more rules than what we were aware of. We tried to fight it with the title company because it interfered with our property and paid a lawyer to tell us, basically, HOAs are autonomous and there are NO GOVERNING BODIES to oversee legalities in how they operate. Well……we sold at a loss, when there should have been no loss of value but the reputation of that community was legend with the local realtors and they’d steer people to other communities. No more HOAs for us.
Amen
Ugg... what a pain. Sorry that happened to you. That's the reason I made this video. There are good ones out there, but you need to know what you're getting into.
I'm not sure what is meant by an "over 55 community". I live in a relatively small community of condos. All but a few of them are one floor plans. Except for the few two-story units, they are 1700 Sq Ft. All are "owner occupant". There is a small pool and a clubhouse. The units have smallish patios, attached garages, some one car, some two car. I am 73 and below the average age of the community. There are rules. We all have the same color front doors. Plants on the patio cannot be more than 3 feet higher than the surrounding fence. No more than two pets. I like that there are rules. There are no eyesores such as old junk refrigerators on patios. It is pretty quiet. There are social cliques. There are the ladies who like to garden. There are the ladies who play bridge. Sometimes I am asked to help folks such as help rearrange someone's furniture. I do it willingly. Most of the time I am left alone. It's a nice place.
....It means you have to be 55 or older to live there....
Sounds like you've got a great little spot.
I live in a 55+ community. Yes, we do have CC&Rs. At my age, I am not going to be as busy as when I was young. We have a great clubhouse that has everything we need and we have several different activities that don't cost extra. What we pay for HOA goes into the maintenance of our community, roads, swimming pool, and clubhouse. I feel like I live in an extended family. I am glad we have rules, otherwise, our community won't be as clean and safe a place. Airport, hospitals are only 30 minutes away. Several medical centers are in our town. Grocery stores are only 5-10 minutes away. I believe living in 55+ communities, there needs to be some restrictions. If one minds own business at his/her own home, it is a much safer place than other places. In my neighborhood, most people care for each other. I just wanted to write something positive about my community.
Sounds nice. I have been researching 55+ communities a little bit over the last week. We live in Phoenix and are tired of the heat. I like living in an HOA area so that people can't park their cars or boats on the lawn or other crazy stuff.
I have read about and been to a few 55+ community websites and seem like there would be some community there like you mentioned. We are currently in a nice area but nobody talks to each other. Unless it's a quick hello.
Can you advise where you are located?
That sounds great. I'm not against them. I just wanted to make a video about some things people may not have thought of. Thanks for the comment.
You paint a very negative picture of 55+ communities. I live in a 55+ community in Canada. My husband and I researched and visited a number of these communities for a few years before we decided to move to one. The community I live in allows us to plant and do our own gardening if we choose, but lawn mowing, trimming of all plants and trees, mulching and watering is still done by the maintenance workers. In the winter they shovel the snow and salt all porches, walkways and roads. We are allowed to change any exterior feature as long as it is approved by the managers. We do not have cookie cutter homes or gardens here at all; they come in all shapes and sizes. We have very reasonable monthly fees (I paid much more in monthly fees in a condo than where I am now). The 45 thousand square foot recreational centre offers over 100 club activities, at no extra charge (unless we hire an outside speaker or expert, in which case there is a nominal fee to pay if a person decides to join that activity). We have no cap on the number of pets we can own, and although we can only have two people at any given time living in our home, exceptions are made for extraordinary situations. Of course, we can have guests stay with us for as long as we like. Hospitals and healthcare facilities are nearby, and since the healthcare system here in Canada is different from that in the USA, no one here ever worries about paying for medical visits or surgeries (this is paid through our taxes). This particular community I live in was built over 30 years ago and has an impeccable reputation. I cannot stress it enough that a person considering such a community should do their homework thoroughly before taking the leap. I certainly have no regrets.
I'm not for or against them. I just wanted to make a video about some things that people may not have thought about. My whole channel is based on getting people to think about retirement and I try to offer ideas that not everyone has thought about.
You have found shangri la. I’m thinking that Canadians are much more pragmatic and less volatile towards neighbors business than Americans. It is good to know that there are places with reasonable less invasive community “rules”.
What if you're pushing 62 and single? And don't want to be a burden to anyone? Can I just get a 1-bedroom with no yard anywhere?
Husband passed 7 1/2 years ago. Downsized to condo 18 months later. Same area. Was 67 when he passed, worked til 72. I was close to my work, friends, social activities etc. have lovely patio so I can garden, on condo board, able to garden in area in front. We have gardener but I plant flowers, bulbs and now in summer we have tomatoes, peppers, herbs etc. Other residents have joined in. Friend moved to tri level care. During covid she could not have people visit, their housekeeping was minimal, meals delivered on your doorstep, you were encouraged not to leave compound except for medical/dental care. I did what I wanted. Had friends over, ate together, had my house cleaner over, found beautician & manicurist who made house calls. Did not wear mask. Others did, your choice. If you are in assisted living or tri care you must follow guidelines of the state. Called RCFE’s, Residential Cate Facility for Elderly. Big difference living in home you own and not living under state rules.
Excellent points! Thank you so much for sharing. Freedom of choice is very important to me.
@@Michelle-zz7no without freedom of choice you begin to lose your identity. I believe you need your be in living situation where you are around various ages of people, close to social activities, seeing children play and interact together. Assisted living makes you old very fast. Sometimes it is necessary but many can avoid or put it off if you plan well.
Yes great points. It is a way to have more autonomy and still have some close neighbors to look in on you. We spent Covid on a Caribbean Island and they pretty much closed off the island and we were able to do things most people could not. I say you have to look at how places treated people during that time when you are looking to move there now.
My mom was in a wonderful 55+ community. There was one thing that really bothered her, and that was having so many neighbors, people she liked, getting sick, going off in an ambulance, or dying. It was a huge community and there were sirens daily. We've decided to stay where we are while we can and we get to know the younger people in the neighborhood. I really enjoy seeing the little ones riding their bikes, or coming around for Halloween, or running for the ice cream truck.
Also, if you are single, you may encounter blatant hostility from married couples. I moved into a park where single women were actively verbally attacked and spied on. I kept to myself and stayed but most of the women moved out immediately. So, if you are single, check out your neighbor's before buying.
I live in a small sub division ( 35 homes) and I’m the only resident who is not married. The only interaction I have with my neighbors is the occasional wave. I couldn’t care less about them and they have the same feeling(s) for me.
That is an interesting aspect I had not heard about.
I pretty much agree 100% with what you are saying, and it has not even crossed my mind to ever move to one of those communities (or to any community with an HOA, for that matter). But I could see it at older ages, maybe at 75, 85 etc If you are single or a widower, you don't have children, family lives far away or you do not have a lot of relatives left, your friends are moving closer to their children at their older ages.... Well, in that case, I could consider downsizing to one of those communities mainly not to feel lonely.
I think it would give you a head start to meeting new people and making friends. I think that many older people have kids that have moved away and it make it hard for them to figure out where to live when they do think about downsizing.
Yes Ana R for those who are single, no children, living in one of these communities can be beneficial if it's a good community that doesn't suffocate its members with too many rules and that allows pets.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Im 62 and intend to retire, in my own home, in a few months. Right now, my wife and i are fairly hale, healthy and active. I imagine some day, if we live long enough, one or both of us may need such a place, but for now were good.
Getting old isn't for the weak. I'm only 51 and trying to stay active to help when I get older.
In my opinion HOA's have one prime directive: maintaining property value. They will lawyer-up to stop nearby new construction or municipal projects deemed to have a detrimental effect on home values. We have an old high school being torn down and several of the HOA developments are working to rezone the land into park and recreational use. This was after the state approved a grant for middle income housing - including demolishing the old building. I imagine there was a "special assessment" people were forced to pay to fund this legal war. Some of these were 55+ communities. Just the fact you could get sucked into something for something like this is a turn-off for me.
Special Assessments must be approved by the owners - they cannot be imposed without majority approval.
Thank you for shedding light on issues I didn't know about in these communities. I was aspiring to retire in The Villages, Florida.
You'd have to go check them out. My parents have friends that live there and they love it.
55 is too young to end up in one of these places, no matter what the situation.
You have lots of neighbors to watch your house while you travel. 😂
My friend lives in one , her neighbor took a dislike to her they began telling the landlord stories of my friend saying all the things she was doing wrong some lies some truth , landlord was ready to put her out , my friend went to the lady and begged her stop , she stop , but now she has to take her to the grocery store when she gets her food stamps , ( black mail )
Your right all the rules are long and stupid ! And even if you try hard , they can and will F.... with you , just because they can .
Yea, another comment said these communities have everything... even bullies.
You might not be taking property tax into account. Property taxes in these communities can be less than 50% of what you would find in a single family home. And that could be substantial in New Jersey the difference is 3,000 a year versus $10,000 a year
HOA restrictions are a big thing in MANY communities today....not just 55+ communities.... Yes, read them and understand them
I'm a realtor and I always have my clients get the rules.
We live in Palm springs California near Mobile home Park and we love it. They were the youngest ones here and they're more active than we are I think it depends where you live and the vibe of the park and the people
Good point. Different communities will have different Vibes.
HOAs are a total deal killer for me. If your going to tell me what I can and cant do with my property I paid for myself and pay the taxes on, then you should at least, and I mean at the very least, pay my taxes, then we can discuss, otherwise kick rocks!
I'm not an HOA guy either. It's a big reason that none of my investment properties are condos. I don't like people telling me what to do, and I don't like unexpected costs.
There is no cap and that is shameful
I agree , I’m not going to let someone tell me how much or how little my grandchildren can come visit me
Depends what you get for the HOA dues and how high and stable it is.
@DWilliam1 I don't want anything, if I did I would buy it and maintain it myself.
I like having an HOA. All the front gardens are well kept. We are allowed to landscape as long as we get approval. I took out some of the grass and put in a mixed border. Other residents come by all the time and tell me how much they love my garden. I don’t know about any pet requirements. We like that you can’t park RVs in the neighborhood. We have fenced in backyards. Every HOA is different. Read your CC&Rs before you buy, but I like that the community looks well kept. Mine is not a 55+ community.
I think the 55+ communities tend to have more rules.
Thank you so helpful. I will not be buying into a 55+ community.
There is a lot to consider.
When I was 37, I rented a room in a trailer in an over 55 community. It had a clubhouse and swimming pool which was never used. I made use of the swimming pool, and the free library in the clubhouse. Technically, I shouldn't have been there, but nobody said anything. This was in Seattle, in the late 90s.
How about now that you're over 55?
Would you want to be in one again?
@@TheRetirementality - actually, I wouldn't mind it at all. I'd just do my socializing elsewhere.
Ive lived in 2 HOA communities for the last 17 years. Smaller, older ones dont have bad rules. I have Teen who is going to community college, one 55 we looked at states he cannot live there more than school breaks, so we passed. We have been looking in non HOA community for a little land & privacy - Y'all need to mow your lawns consistently & powerwash your houses. Its not just one house it is many houses. Its not an excuse to not take care of your property. Ill stick to an HOA.
I agree with HOA. If no HoA, you deal with junky, hoarder neighbors… I don’t like people bullying me or bothering me and getting in my business.
yep, pros and cons on both sides of the equation.
It completely depends on the community and on what you want. HOAs are getting harder to avoid so they are a problem in many communities. I personally like being around people my own age.
Yea, it's hard to find any kind of neighborhood without an HOA. And I can see it being fun to have everyone your age.
Very good video. I was doing research into Leisure World in California. Too many drawbacks. HOA fees run close to $500 per month. And to get accepted into the HOA is a one time fee of $5,000 per person. A man and wife would have to pay $10,000.
Property taxes are separate and not part of the monthly HOA fee. If a resident becomes ill and needs constant care, you can't have a live-in caregiver. In addition, LW was built in 1962 and the homes look out-dated and old. No thanks, I'll pass on LW.
Yea, that's a big hit upfront. I'm looking at retiring in Spain and they hit you with a 10% tax on real estate up front, but then you pay almost nothing for real estate tax and home owners insurance. But, they will hit your income hard. There are pros and cons everywhere, just have to figure out what works for you. I hope you find a great solution.
Thanks! We are looking at what works and won't work for us. No kids is a deal breaker, but those amenities are amazing.
Great video great channel glad I found you. 👍😎👍
Thanks! I'm glad you found me too.
Prospective buyers may read the rules & regs and the governing docs before buying into a community…
We moved to a continuing care community when I retired. It was a good fit for us. Different strokes for different folks.
It’s a tough decision! If you remain in a house, you are faced with maintenance issues, gardens to maintain and being possibly being ripped off by trades people when required because you’re more vulnerable! There’s pros and cons with everything and we are living longer too!
Yea, pros and cons to both sides of the coin. I just wanted to make a video about some things people may not have thought about.
Most people who move into an HOA community probably have no idea about all of the restrictions. Number One on my home buying list was no HOA. No steam heat etc.
Yea, I doubt many of them think to get a copy of the rules, as I suggest in this video.
Never never never get into an HOA! They can control everything you do to your property even the flowers you grow. Ohh I’m serious.
Yes, they do. The one I keep referring to in this video has rules about what you can grow in your yard.
They WANT me to grow lentils.
Dill
Parsley
Thyme
Yes, and there may be an upfront fee for the pets and in some places it says small pets. There may be an extra fee for the Clubhouse ... and if you drive a car and the neighbor doesn't they may be a nuisance asking you for a ride
It's like owning a truck in a regular neighborhood and everyone always wants you to haul something for them. 😂
I have a relative who lives in a 55+ gated community. I’m unsure of all of the features and services. She may have moved there, because she is ill. But, it is too cookie cutter for me. Like I’m pretty sure that, if you painted your mailbox ecru, against all of the other perfectly lined up mailboxes on each street, you’d hear from someone pretty quickly.
Despite that her home seems to be one of the largest and it is nice, with vaulted ceilings and a nice patio and the landscaping is taken care of, things feel cheap. I’m just used to better quality.
The other thing is that, while it’s a gated community, I took a look at an aerial view. While there’s a guard at the gatehouse, that will call my restive, to see if I can be admitted, it appears that the area surrounding this gated community, might be easily accessible, via a not so long walk, by anyone who wanted to walk up behind the homes, onto their patios and break in. While I don’t know whether that back area is fenced in, for certain or not, it might be a “sense of security” rather than actual security, these people are paying for.
And, yes, these types of places are perfect for Karens. People who have nothing better to do, than to people watch, for the sake of penalizing them, for the grass being more than a half inch long. I’ve met a couple of my relatives neighbors and they seem quite nice. But, I’m all too aware of what it’s like to have a narcissistic Karen, even as an apartment dweller.
I know it’s going to be an absolute NIGHTMARE, as I age, to maybe need occasional help from neighbors, who might also be Karens!
Yea, I don't see me living in one, but I'm only 51. Maybe in 20 years I'll feel different.
@@TheRetirementality I’ll soon be 60. Feels like the only thing to look forward to, is liking people and life less. Far less.
I started not liking new neighbors, as they moved into my apartment complex, more than I did years ago. Narcissistic entitled people, who, as they age, seem to want to convert an apartment complex into a free nursing care facility. So, when they have neighbors, who are younger or at least look younger, and if they’re female, single and maybe of color, the game is, “Oh you’re GONNA be my free 24 hour caregiver and you don’t have to like it!”
But then, I inherited my mother’s home, which I’m just taking care of for now, since she ruined a lot of it and although the neighbors knew my parents, I don’t know if I like them either. Plus, I’m so lucky, I have a sister, just doors away, who wanted both homes and even broke into mine and changed the lock, before deeds were distributed. Frankly, I wonder if living in a tree might be easier.
Maybe not if you are newly retired, however, I am in my eighties and moved to 55 plus last year. Best move I ever made! I love it! Mine is an apartment with lots of amenities.
Yea, I think they are great for some people. I'm glad to hear you are loving it.
Good info!! A lot to think about!👍
Thank you. I'm glad I got the brain juices flowing
How about that some( maybe all) can vote to change HOA rules.
I know a lady who picked a place where fences were allowed. That was her main reason for buying into that community. So she built a fence. About a year later the HOA voted for fences not to he allowed anymore. She had to take her new fence down and she eventually sold her home and found another place to live.
Oh yea, that would be a big one. City governments keeps trying to do this in regards to airbnbs and how you are allowed to use your property. Super annoying.
Sounds like living in a communist country where you are forced to follow onerous rules under the prying eyes of nosy neighbors that can report you to the board for minor offenses. Like the one line out the sopranos when visiting a retirement home for Tony's mom, "its like High school but with walkers and wheelchairs". Great info that confirms my opinion on that sort of communities.
Ha! You win the comment of the day award. I wish I would have known that quote when I made the video.
Nah, sounds like capitalist hell where the owners still feel the right to make your life hell despite your ownership.
or… fascist …
Really many HOA communities have the same rules and are not 55 plus. Yes, you are right to do your research. Selling is much easier due to the aging population. The demographics graphics are huge. No different than many HOA communities except for leasing part of your home.Yes pro and cons this
Biggest reason to avoid 55+ communities…people die there all the time! 😂
LOL, that is just an opportunity for a better neighbor.
Okay, I think the HOA problems are directly related to Strata living which can turn bad for ANY age group if the Council and By-laws are not good. But a very real problem is the mindset. As people age they stop wanting to invest in upkeep. So you have buildings etc that become poorly maintained because "I don't care, I'm going to be dead before it falls apart." Interesting video. Very thought provoking!
That's a good point. I know a guy in his 60s and every time he buys something or fixes something he always "that's the last time I have to do that".
as soon as I hear the words HOA I run fast no way in hell is anyone going to tell me how I can live in my own home this is America not Cuba. not for me thank you.
I live in one and love it. I have great neighbors and lots to do here. Going to Karaoke tonight. Also much cheaper than living in a house. HOA is awesome as it covers everything. Also we have maintenance that fixes everything. We can only have two pets. Glad they have that rule. This place would be a mess without rules. Backyard? We don't have that. lol So much cheaper than rent. Mine has been here since 1962. Places are selling for more all the time here. We have medical onsite and close to a hospital. We have great people here and great clubs. No clicks or gossip. We have over 10,000 residents. We don't pay extra for using things here. All is included and awesome. The gym is kept up and current. Has awesome machines. You can't say any of this as is may vary in each community. Not so in mine.
That's great. It sounds like you found a really good. Some people love them and some don't just need to do your research to find a good one.
No gardening. Older people love their gardens. That is sad
depends on the community but some of them do not allow it.
… enjoy your home without squealing children would be terrific. I like children… just love quiet and peace.
I have lived in 4, I different assisted living communities. I have moved because managrment, owner, allows drunkard behavior, drugs, residents selling their prescription meds, street drugs, bullying by other residents, and even staff . Ive had cloths, alot of pricy cloths stolen from my room. Reported it to management, they claim nothing showed up on security cameras. !!! Gossiping is a way of life. It turns viciously for one like me who does nothing.
These communities are loaded with gossip, gossip, gossip........ So, if you like your privacy stay away from these communities!
I just went and visited a friend of mine in Montana and he lives in a town of 800 where everyone know your business. Same thing. 😂
I'm a loner who stays inside. Seems okay to me. No business for anyone to stick their nose in. I workout and go home. I would imagine the nosey neighbors help keep burglars away giving me more time to travel. No looking to be friends with anyone.
Sounds like it could work for you. Some people love them.
This is the very first video of this subject I've ever watched and you just made me not want to ever watch another one.
Although I neither like the house nor the entire property of the location... I moved with my parents from southern Erie County PA to a 55+ community in central coastal OR just over a year ago. I don't believe there's an HOA, but there is a lot rent. There's already fencing installed on most properties. There's a home that recently had an RV garage constructed or renovated to an RV garage. There's also an area where people can park their RVs and boats. Although I'm not yet 55, they let me move here with my parents - just had to provide my ID. I don't believe there's a specific pet requirement, but most seem to have a dog, or maybe two. The neighbor has at least one cat.
Such a video as this contradicts the channel name. Although people can retire early, actual retirement age is 65 or even a little older.
The reality, is... If ya don't know then don't tell - or at least use more appropriate wording.
Margaritaville in Daytona is a very active community, but no golf , which is nice if you're not a golfer why should your monthly dues be subsidizing something you dont participate in.
Good point. I think the golf dues should be separate.
We live in an over 55 community. It’s like anything else, the people who generally have the most negative comments and judgment, have never lived in one. They vary so much, just like people do, anywhere. I have learned that just because people are old, it doesn’t mean you don’t have all of the different kinds of personalities, including bullies. They are all in any place you live. We have found that living around people who are within 30-40 years of each other, is great! We can do things and share experiences in our lives, both past and present. We see lots of young people and children here. Our rules don’t interfere with life for us. We do have lots of activities, and nobody judges if you do them, or are good at them, or not. People have differences, including politics. But, people respect each other. Most of us grew up knowing that you don’t talk about religion and politics. I really don’t understand why there’s so much negativity and judgment regarding seniors and the way we live. Where is the younger generation when we need advocates for social security, healthcare, dental, assisted living and nursing home care?!
Great comments. I have been researching 55+ communities as we are tired of the heat in Phoenix. Can you advise where you are at? I have checked out a few in So Cal. I want cooler weather but no snow.
It sounds like you found a good one. Like I said, there are pros and cons to everything and they are a great fit for some people. They wouldn't be so popular if they weren't. Thanks for the comment.
Live in SW Florida. Have lived in "regular" communities, active adult communities, and 55+ communities. They all had HOA's with restrictions. Tough to find a place in FL that does not have an HOA. Some people in the news in FL did not live in an HOA and did not have restrictive zoning; there is now a new car center adjacent to their house under construction. If you don't want restrictions, don't move to FL. (Please do not move to FL.)
I'm in NW FL and I live in a neighborhood that beautiful with no HOA. But, they are hard to find for sure.
agreed. I'm going to look at your other places to live videos. Unfortunately, I am not set for retirement very well, hardly at all so I am considering decent out of country places for a lower price. Being single and such. sigh
55+ Active Adult - HOA amenities vary from community to community. I would rather have amenities year round to share with visitors. These communities replace Country Clubs.
These are not for people who have lived in the same town their entire lives.
I think they make it easier to make friends too.
Half million to have a neighbor 4 feet away, crappy build, You pay extra for everything and if they could they would add on an air charge.
The build quality is a BIG to look out for.
I’m retired after working 34 years on the railroad and have lived in two 55+ communities and will never do it again. I am single and I date a lot of women and when living in the 55+ communities everyone seems to be in your business. I was the talk of the community and was a lot of gossip about me. Old people don’t have anything to do but watch what you’re doing all day long. Never will I do that again.
If I were making this video, I think I would separate the two issues: (1) HOAs and (2) 55+ Communities. Buyers often are stuck with all the rules of an HOA when they buy a house period. A 55+ Community probably adds more rules and restrictions. One nice thing about an HOA is that they can keep investment firms from buying up the houses and turning them into rentals. I haven’t researched this point but understand that federal law prohibits HOAs from prohibiting the placement of a TV antenna on the roof of a house.
I live in an HOA & lots of homes for rent
@@cathys.1284 I don’t know if you’re rebutting my point, but I wrote that HOAs CAN limit rentals. They’re not required to limit rentals.
@@lawyer1165 in my neighborhood of 100 homes they were stricter & limited the percent of homes, but my current neighborhood of 1,000 it seems that they don't limit them. You make a good point though.
You had me at HOA. F' dat.
Fo Real
55 today is not the same psychographic market that it was yesterday. It’s more like 70+ would have shared values and expectations in common. 55 is more like late 30s to mid 40s. They share the same space with Gen Z in interest, activities and goals.
As someone who works with seniors, I see a problem where people get in over their head financially and one partner gets sick and needs assisted-living and as a couple they can't afford to maintain both residences. Moving out in a hurry is an expensive proposition for some.
Yes most people are not financially prepared to get old. Getting old isn't for the weak or the poor.
great points, thx
Thank you for watching.
I live in a senior park and grow lot of trees noone has said anything others have small pets no problem.
That's good. They are all different.
A lot of people who live in 55+ communities are parents that have had problems with their kids
Oh I didn't that about that angle... so then the kids can't move back in. Good idea.
There's a video here on RUclips that's from Australia: "The tactics retirement villages use to churn residents and maximise profits."
I'll have to check it out. Thanks.
I don't want to be in a club that would have me as a member.
Same here lol
HOA? Know someone who has to certify weight of dog annually, that pet has not grown beyond what is acceptable, according to HOA rules.
I live in the most fantastic 55+ community ever! One of my wiser decisions was moving in here. Just like anything else, there will be good and bad examples. But you could not be more wrong painting them all with your ugly brush lol. There are a lot of things YOU don't realize. :)
I'm not for or against them. I just wanted to make a video to point out some things people may not have thought about.
It sounds like Kindergarten! No, Thank you. ALL I WANT IS PEACE AND QUIET. THAT'S IT!
Give me a few acres and stream and I'm happy.
I DON'T WANT TO BE LIKE THOSE PEOPLE. PLEASE, GOD!
Ha
good stuff. thanks!
Thanks!
I tried to stay away from this place and told my parents to move out. But they love it here! Financial sinkholes, yesterday the lawn guy broke three sprinklers. I'm tired of fighting the technological, social and economic following of this place. All because a new haitian female real estate agent wanted to make a sale off my mother.
One huge extra is the exit fees some of these places charge. We just got out of one of these he'll holes for all the 5 reasons you talk about but lost over $100k in all the exit fees. Just be carefull and in fairness not all these villages charge the fees
Interesting... that isn't something I came across when I was researching. Thanks for the comment... and sorry you got burned.
I almost put my house for sale and was going to one of these places. I am so glad I didn’t. A friend told me she used to work there. The food is NOT good at all.they just open cans, like ditty more, and that’s it. They won’t allow a kitchen because they think we will start a fire. And they advertise that they will provide rides to appointments but they do NOT, they always have a reason, and my friend had to quit because she said they treated the residents awful. THEY TAKE EVERYTHING. Life insurance, home, car, everything so you won’t have a inheritance for your kids. I tell you, I’d rather die than go there.
That doesn't sound like a 55+ community, but more like an assisted living situation
Avoid "communities" of any kind. Move way out in the boonies where no one is going to hassle you.
There is a place for everyone. I'm leaning more towards the boonies.
I wonder if they force vaccines
In my 55+ community, you have to have WHITE curtains! And yes, there are many other stupid rules that define "approved" exterior paint colors, size of vehicles, parking regulations, length of visitations, no more than 2 pets and they must weigh less than 30 lbs, no AC units facing the street, you must have a carpeted porch/deck, how long your trash cans can be on the street, where you can store things on your property, property maintenance, on and on...
Many of the rules are selectively enforced. There's a neighbor who a number of residents (myself included), have reported over the course of several years for playing loud music. When the offending neighbor refused to comply with the lease terms banning loud music, management refused to enforce the lease until I had reported the offender more than 20 times in writing. Management then came to me to ask if I would sign a waiver allowing the offender to play his music at certain times! When I said no, management finally took action and the music stopped. But this has come at a cost which management refuses to address.
Offender has threatened harassment and retaliated against all of the neighbors who have reported his music. He has also threatened "legal" retaliation against management for this and other issues. Because I complained, I have been targeted for more than 2 years by the offender who approximately twice a month sets off very loud fireworks late at night within feet of my home. The fireworks cause my home to shake. Offender has done this to other neighbors too. To "keep the peace", management refuses to engage. Some neighbors have decided to move instead of continuing to live with the threats and harassment from the offender. I agree that going after this offender would potentially cause issues and perhaps physical harm in the short term, so it's a no win.
While this is a difficult situation, I'm actually glad I live in a community with a management team who will deal (although reluctantly) with this person and other problems within the community. While many of the lease regulations are stupid, most are actually common sense things aimed at keeping the peace and maintaining aesthetic standards that protect my property value. I'm willing to put up with the stupid stipulations in exchange for having someone to go to when I have an issue in the community. It's easier than trying to deal with it on my own or via the police.
That sounds like a nightmare. I'm sorry you're going through this. I can definitely understand why you'd want to avoid dealing with that person directly. Good luck.
Not all 55+ communities are that restrictive. You have to do your research. The amenities and social support far outweigh the negatives. And for me it is much less expensive than owning a house in a regular neighborhood as so much is included.
For sure. This is my point as well.
I live in a senior 55 a o srtments almost 4 years its o l but then again There sre only 2 other couples here modt are widowed. WE JUST KEEP TO OURSELVES A D D O NT GET INVOLVED with activities here at all we do oyher things outsude of here its nice quiet secure place in a small count t y town if you just do other things on t hr I utsude then your fine st as y out of the gisdip cickes all us well make no re l atioships there have outside relationships like church its all good say hi y o them if you see them but judt dont hang I r d o things with them thrn all is good however thete have been a few people widower who have found love sgsin in their old age around here I think it good for them. Thats my advise it your living inonr or even think about living in a 55 plus place any y hing just keep to yours r lf dont get involvrd in anyyhing have your own people or family do other things you enjoy hobbies activities on the outdide then its alll good and youll be fine living in one it udbt bad its nice here.
Sounds like good advice to me. Thank you for the comment.
Try and stay away from property management living quarters!
It's the wild sex parties for me! 😂 I suppose there are 55+ communities like that, but I'm sure it's on the hush-hush! 😮
Hey... you didn't hear it from me... 😎
Not where I live. Celibacy is the norm. In case you didn't know, HALF of all American women have had sex for the LAST time by age 50 (according to John's Hopkins). Menopause destroys libido. My neighborhood is full of SAD men who haven't had any in decades.
The Villages in Florida is like that. Lots of seniors spreading STD’s !!
Read my new book....What color is your Loofah!!!!!