The Real Deal Miami

Retirement communities letting younger people in

December 02, 2008 04:28PM

To counteract the housing bust, some 55-and-over communities
are considering letting younger people in. Supporters of “age
desegregation” say letting people under 55 join these communities is the
only way to keep them going in this economy. Current residents have been unable
to sell their houses, some retirement communities sit unfinished and residents
have fallen behind on dues as their retirement accounts shrink in the stock
market. But letting in younger residents could also change the character of
these communities, since families with younger children would require
additional services.