AVOID LIVING IN A 55 PLUS COMMUNITY - Problems in Adult Retirement Communities - Don’t Buy 55+

Summary

This video discusses the 10 major problems of 55+ retirement communities, providing a candid look behind the facade of 'active adult living.' The speaker shares real stories and experiences, highlighting issues such as cliques, grumpy neighbors, rising HOA fees, strict regulations, false expectations about dating, and hidden crime. The video emphasizes the importance of understanding these pitfalls before making a big retirement decision, advising viewers to explore all options to avoid regret and costly mistakes. It's an eye-opening guide for anyone considering moving into a 55+ community.

Takeaways

• 😟 Retiring to a 55+ community might not be as perfect as advertised and could lead to regret.
• 😬 Not all residents in 55+ communities are friendly; some form cliques, creating high-school-like social dynamics.
• 😒 Nearly half of people surveyed reported disliking at least one of their neighbors due to rude or obnoxious behavior.
• 👀 Some residents are overly involved in others' personal affairs, becoming 'busybody' figures who invade privacy.
• 💸 HOA fees continue even if you stop using community amenities, and there’s no limit to how much they can increase over time.
• 📜 Strict rules and regulations around pets, vehicles, and visitor policies may limit personal freedom and cause fines.
• 💔 Moving to a 55+ community is not a guaranteed way to meet a romantic partner; women are often outnumbered three to one.
• 🔐 Crime still exists in 55+ communities, despite the illusion of safety in these gated areas.
• 🤷‍♂️ After purchasing, many residents never see the developer again, causing frustration and unmet expectations.
• 🎉 Non-stop partying can become tiring, and not all residents are able to escape the constant social events.

Q & A

What is the primary goal of the video?

The primary goal of the video is to inform viewers about the potential downsides and challenges of living in 55+ communities, helping them make informed decisions and avoid costly mistakes when considering retirement options.

Why does the speaker say 55+ communities might not be as perfect as advertised?

The speaker suggests that while 55+ communities are often portrayed as ideal retirement destinations, they can have significant issues like cliques, difficult neighbors, rising HOA fees, and other unexpected problems that may make them less enjoyable for some residents.

What common misconception do people have about moving to a 55+ community?

Many people believe that moving to a 55+ community will lead to a perfect, carefree lifestyle where everyone is friendly and happy. In reality, some residents find that it’s more like going back to high school, with cliques, bullies, and social tensions.

What are some personality types that might cause issues in a 55+ community?

According to the speaker, some people in 55+ communities can be cliquish, bullies, busybodies, or negative. These personality types may cause social friction and lead to an uncomfortable living environment.

What is a potential problem with HOA fees in 55+ communities?

HOA fees can be a major concern because they are required payments even if a resident no longer uses the amenities. Additionally, HOA fees tend to increase over time, adding a financial burden to residents.

Why is it important to read the rules and regulations before buying a home in a 55+ community?

It's important to review the rules and regulations, including deed covenants and HOA budgets, because they dictate critical aspects like pet restrictions, vehicle allowances, and visitor rules. Failing to understand these details can lead to frustrations and fines after moving in.

What does the speaker say about dating in 55+ communities?

The speaker warns that 55+ communities should not be seen as dating apps. While it's possible to meet new people, the reality is that women are often outnumbered three to one, making it less likely to find a romantic partner.

Are 55+ communities free from crime according to the speaker?

No, the speaker highlights that crime exists in 55+ communities just as it does anywhere else, including property crimes and domestic issues. Being in a gated or age-restricted community does not provide complete safety.

What issues arise after moving into a 55+ community in terms of developer support?

The speaker mentions that after moving in, residents often find that they no longer see the developers or salespeople who initially sold them the property, leading to a lack of support or accountability from the developers.

What are some alternatives to 55+ communities that the speaker suggests?

The speaker suggests considering non-age-restricted communities that offer a laid-back vibe and provide services like lawn care, but with fewer rules and restrictions. These communities may provide a more flexible and enjoyable retirement experience.