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Main question: Do you live in a 55+ community or aspire to live in one?
Optional feedback:Please talk about how the numbers work or don’t.
I’ll go first. I don’t live in a 55+ community, and should I need one, it would probably be an Atria/Sunrise type of rental deal as opposed to buying,
My dh worked for a complex where the units literally remain at 2010 prices due to 5k/mo Hoa condo fees that heirs remain responsible for until resale. The hoa has been buying them up and marketing them as a rental after an “entrance fee.” Again, I could get that at an atria and get meals too all without an entrance fee or a toxic property.
I mean, we won’t be around for the end of any new 30 year mortgage. Why make such a commitment with either a loan or cash when rentals are readily available in these communities?
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