I'm moving a couple miles from where I am currently. For me, while I am concerned if the pandemic continues to stay at the numbers we're seeing, or even get worse, that I would be at greater risk here, I'm also watching my friends in the suburbs deal with similar numbers. So in that case, why not be closer and in walking distance to my essential needs? Cities always carry a risk in some sense, but they always rebound. Now if more stores were to close permanently compared to stores staying open, we were seeing unprecedented death tolls worsen, crime increased substantially, etc. would I move a little further from it down the line, or temporarily stay with family in another area? Absolutely. To me, it's just too early to tell what the future holds a year or two from now. I think much of what we're seeing with people leaving cities is many people simply can't afford it due to all that's happening. That and they'd like to be further away from everything, But I'd prefer not to be isolated in the middle of nowhere.
I’m actually taking this opportunity to move INTO the city. Suburban life is boring and being stuck in suburbia for 3 months on lockdown further proved to me that city living is what I prefer. I have barely walked anywhere, there’s no new stimulus, McMansion’s as far as the eye can see. In the city I can walk to grocery stores and there is much more variety in the neighborhoods so I can get new mental stimulation within walking distance of my new house.
What makes life better by being $1M in debt for a home you’ll never really get to enjoy? Stuck in a cycle of searching for decent affordable housing! The lifestyle here is just work, work, work, it’s as if someone adopted Rihanna’s hit as the anthem! Once the economy reopens, so will the 2 hour commutes! Oh and the $38 a day for parking! I’m exhausted and can’t wait to go!
Bought a house (just moved to US)
I making my first purchase - a condo! The market is still crazy here around DC, but it is going to pickup even more as people realize they liked the zero commuting and as Amazon HQ2 comes online. There is going to be a lot of development of the area, specifically Alexandria, over the next several years. The other place to watch, IMO, is West Virginia... that is where lots of people will move for the cheap real estate, developing economic options, and increased commercial development given Northern VA is mostly maxed out. I've been tracking real estate there for the past 8 months or so.
I'm moving a couple miles from where I am currently. For me, while I am concerned if the pandemic continues to stay at the numbers we're seeing, or even get worse, that I would be at greater risk here, I'm also watching my friends in the suburbs deal with similar numbers. So in that case, why not be closer and in walking distance to my essential needs? Cities always carry a risk in some sense, but they always rebound. Now if more stores were to close permanently compared to stores staying open, we were seeing unprecedented death tolls worsen, crime increased substantially, etc. would I move a little further from it down the line, or temporarily stay with family in another area? Absolutely. To me, it's just too early to tell what the future holds a year or two from now. I think much of what we're seeing with people leaving cities is many people simply can't afford it due to all that's happening. That and they'd like to be further away from everything, But I'd prefer not to be isolated in the middle of nowhere.