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Originally Posted by craigs
Covid induced flight to the burbs and heartland: Do we have evidence to prove this is even a real thing?
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Nope.
It doesn't even make any sense. Can someone explain why a family who preferred urban living pre-Covid would prefer suburban or rural living post-Covid?
Tons of wealthy urbanites, especially in the NY area, have weekend homes. During the height of Covid, everyone went to their weekend homes, since you obviously wanted to be outdoors instead of stuck in an apartment. But since Labor Day, almost everyone has returned.
The whole "rural boom" has dissipated. In fact prices for weekend properties have dropped since September. People aren't gonna take their kids out of Ivy League factories to some random rural school, and say good bye to all their friends, colleagues and favorite haunts for some backwoods cabin. And, at least in the Northeast, the weekend homes are on well water/septic, usually have rougher climate, with frequently snowed-in roads. These aren't for full-time residency.
Even the Hamptons have very limited winter amenities, and really only one small private school of note. Only a handful of wealthy will live year-round in the Hamptons.