Did you see point#1? The homes aren't in locations ideal for raising children in any case. You need a good school district if you want your child to growup sma

Did you see point#1? The homes aren't in locations ideal for raising children in any case. You need a good school district if you want your child to growup smart. Retired folk having 3x homes in lower-educated areas is fine for retired folk. But that doesn't mean that those homes are immediately useful to a new family. Building new homes (and cheaper homes) in the better school districts makes more sense overall. Some neighborhoods naturally become "retirement communities" but kind of a ghetto for education (ie: young couples try to escape those areas due to poor schooling).