“The Wall Street firm surveyed 1,000 city dwellers and 23% of them said they plan to relocate to the suburbs in the next 18 months.”
That is an astounding number.
I must admit that I expected a suburban migration as the younger generation aged, but never in my wildest dreams did I expect a quarter of the city population to want to leave. We’ll see if that lasts past 12 months…[/quote]
A lot of people don’t want to live in the city anymore. It was already a bigger pain in the ass for a family with kids. Being locked down just accelerates this trend. Having to work from home means more people want more space for a home office, a backyard where kids can pass time, and just general more space from your neighbors. Parking isn’t also a pain in the ass, as more people want to travel via car versus plane or other public transportation where they would be at a higher risk of catching something from a stranger. Good news for burbs. Bad news for cities. City life is great when single. Not so great unless you stay single.