As stated above, a good percentage of the people buying homes are people fleeing the urban centers. For example, the previous small/rural communities in the northeast are getting flooded with New Yorkers, Jersey, and Philly people. Quaint PA towns are now filled with NY vehicle plates and NY accents. Previously the far outlying suburbs and towns were not the place to be. However, with high crime and covid restrictions these areas are getting a major influx and property prices are soaring.
My question is do you think the exodus from urban centers will continue over the next few years? Do you think investing in a good property is smart given the changing dynamics of society today?
Tracking everything rises and falls. But I am thinking a future of urban crime, riots, and covid restrictions will be more of a factor than building costs, restrictions, etc. People may continue to escape impacting real estate close to the centers. Any thoughts?
My question is do you think the exodus from urban centers will continue over the next few years? Do you think investing in a good property is smart given the changing dynamics of society today?
Tracking everything rises and falls. But I am thinking a future of urban crime, riots, and covid restrictions will be more of a factor than building costs, restrictions, etc. People may continue to escape impacting real estate close to the centers. Any thoughts?