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Crazy But Effective Tips For Young, Scrappy Startups

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Re: Crazy But Effective Tips For Young, Scrappy Startups

#11

Post by ktharavaad »

aditya wrote: post #5
ktharavaad wrote: post #2

I really like the tip regarding living in a retirement village since it sounds like a cheap and safe way to live. It sure beats my current choice of living in the ghetto because rent is cheap here. After doing a little research, I found that many of these retirement homes and communities have an age floor of 55-60 years. It'll be great if someone can share their experience regarding gaining entry into these communiti…

+1 for not living in the ghetto to save on rent. It really affects your ability to get stuff done when you're bothered about safety or living in a dodgy neighborhood.

Yes, I know what you mean. The other night I thought I heard gunshots and I wasn't able to sleep for the whole night because I was so afraid. Thanks to everyone for their valuable input. I guess I will look to other options in regards to affordable housing.

Re: Crazy But Effective Tips For Young, Scrappy Startups

#15

Post by fatdog789 »

pchristensen wrote: post #8
marcusbooster wrote: post #3

Earlier quoted context omitted.

So now some old retired couple on a fixed income can live in the ghetto since some kid took their spot. They have an age limit on these places so that doesn't happen. But I'm sure they'd be happy to have you come in and volunteer some time with them. Who knows, maybe you can even glean some business advice from their experiences.

The reason for the age limits is not to keep it affordable. It's a deal with the municipalities to ensure that the development doesn't increase school enrollment and expenses. These retirement villages are net contributors to the local tax coffers, as opposed to families with school-age kids, which are a net cost to local govt.

Actually, the reason is that old people who live in these communities don't want young families or children, and don't want to pay school taxes. In some states, retirement villages are exempted from paying local school taxes b/c there aren't any children to support.

Local governments hate retirement villages b/c they are not net contributors to local tax coffers: they use up more police, fire, and medical services, they rarely purchase goods (IOW, no sales tax), and they don't own property (b/c the units are "leased" not owned) so they don't pay property taxes. On top of all that, they usually oppose new development in the vicinity of the retirement village, which can freeze commercial development.

Re: Crazy But Effective Tips For Young, Scrappy Startups

#16

Post by lew7rch »

Many of the Retirement Communities Discriminate on the basses of age many places like this are in Florida where you have to be 50 and above some even higher in age..It would be a great place to live, BUT getting in would be the problem, the restriction on age is wrong, But I know they get away with it in Florida and it may happen in other States also...

Re: Crazy But Effective Tips For Young, Scrappy Startups

#17

Post by wallflower »

ktharavaad wrote: post #2

I really like the tip regarding living in a retirement village since it sounds like a cheap and safe way to live. It sure beats my current choice of living in the ghetto because rent is cheap here. After doing a little research, I found that many of these retirement homes and communities have an age floor of 55-60 years. It'll be great if someone can share their experience regarding gaining entry into these communiti…

I know of single women who have been granted permission to live in a retirement community, since they had relatives there. For single women, it really is a safe, supportive community. It is typically very difficult for young people to be permitted to live in a retirement community.

The average age of the large retirement community near me is 77.

Re: Crazy But Effective Tips For Young, Scrappy Startups

#18

Post by anamax »

fatdog789 wrote: post #15
pchristensen wrote: post #8

Earlier quoted context omitted.

The reason for the age limits is not to keep it affordable. It's a deal with the municipalities to ensure that the development doesn't increase school enrollment and expenses. These retirement villages are net contributors to the local tax coffers, as opposed to families with school-age kids, which are a net cost to local govt.

Actually, the reason is that old people who live in these communities don't want young families or children, and don't want to pay school taxes. In some states, retirement villages are exempted from paying local school taxes b/c there aren't any children to support. Local governments hate retirement villages b/c they are not net contributors to local tax coffers: they use up more police, fire, and medical services, t…

> Local governments hate retirement villages ... they don't own property (b/c the units are "leased" not owned) so they don't pay property taxes.

The owners of the retirement villages pay property tax, just like every other owner. The local govts collect said tax whether or not said owners manage to get money from their tenants, so govts don't care either way about lease/rent/owner-occupied.

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