The impact of Covid-19 is far reaching. It’s not only ruined lives, businesses and the economy, it also has many city dwellers rethinking their attitude about the suburbs.
In fact, almost 40% of adults living in urban areas are considering moving “out of populated areas and toward rural areas,” according to a recent Harris Poll, with 43% having actively browsed for homes or apartments outside the city online.
Even before the pandemic hit, there already was a slow trickle of city folks moving away to the burbs. That includes Chicago, which has lost residents for the fourth year in a row.
Joel Kotkin, a fellow in urban futures at Chapman University, says, “What I believe is that the coronavirus will accelerate this trend, because when you go to the roots of these pandemics, a lot of it is very, very dense urbanization.”
Hmm.. the burbs are looking mighty good these days!
Read on HERE
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.