Is it a problem that the 55+ housing lowers prices of other housing in the area, or that seniors are selling their old homes and actually keeping the money from the sale?
In the area I live in there’s a lot of places 55+ so it limits the amount of housing in the city available to working class people and those trying to raise families, increasing their housing prices. The community has a lot of old folks.
Unless you live in a really unusual area, 55+ housing doesn’t really have much of an affect on area housing prices. It sells for less so other things being equal so developers have less of an incentive to build it over regular housing. People also sell their old homes and move into 55+ housing, making homes more suitable for families available.
Housing prices in general went insane during COVID and (at least in my area) the prices have not come down. Could the prices you’re seeing on standard housing still be due to the COVID run up?
It is generally cheaper where I live because towns have to build affordable housing and it is considered more acceptable to have poor elderly people than poor people with children.
The 55+ areas where I live are generally little rancher communities or apartments, some are low income type apartments but many are also luxury type apartments.
I could understand if the apartments or ranchers were built with accessibility in mind like shower bars and taller toilets, etc.
But mostly it’s just because they don’t like screaming children playing in the neighbourhood.
Where I live they also have housing exclusive to 55+ so it’s much cheaper since there’s a smaller market for them.
Ruins the housing economy and then holds some that’s only available for themselves for cheap while they downsize for a massive nestegg.
Is it a problem that the 55+ housing lowers prices of other housing in the area, or that seniors are selling their old homes and actually keeping the money from the sale?
In the area I live in there’s a lot of places 55+ so it limits the amount of housing in the city available to working class people and those trying to raise families, increasing their housing prices. The community has a lot of old folks.
Unless you live in a really unusual area, 55+ housing doesn’t really have much of an affect on area housing prices. It sells for less so other things being equal so developers have less of an incentive to build it over regular housing. People also sell their old homes and move into 55+ housing, making homes more suitable for families available.
Housing prices in general went insane during COVID and (at least in my area) the prices have not come down. Could the prices you’re seeing on standard housing still be due to the COVID run up?
It is generally cheaper where I live because towns have to build affordable housing and it is considered more acceptable to have poor elderly people than poor people with children.
it should be more acceptable to be poor and childless than to drag someone into thw world without a way to support them.
The 55+ areas where I live are generally little rancher communities or apartments, some are low income type apartments but many are also luxury type apartments.
I could understand if the apartments or ranchers were built with accessibility in mind like shower bars and taller toilets, etc.
But mostly it’s just because they don’t like screaming children playing in the neighbourhood.