Will We See A Mass Exodus From Major Cities? - RealCrowd Recap

July 6, 2021
Will We See A Mass Exodus From Major Cities? - RealCrowd Recap

Weekly Metrics

20202019Rent Payments Collected by April 20th89.2%93.3%Rent Payments Collected by May 20th90.8%93.0%*Data brought to you by NHMC Rent Payment Tracker

CurrentPrior Week Change10 Year Treasury0.659%+0.015%DOW24,474.12+848.78S&P 5002,948.51+96.01Unemployment Rate14.7%--Total US COVID-19 Cases1,578k+158kTotal US COVID-19 Tests12,230k+2,260k*Metrics as of 11am EST on Friday, May 22

RealCrowd's Thoughts

What's Happening Now
Facebook announced on Thursday that half of their employees will be working from home within 10 years. This follows recent news from Twitter, Shopify, Coinbase and many other tech and traditional companies announcing the possibilities of a permanent work from home or remote possibility. Office space remains one of the question marks as to how employers will think of their usage of space coming out of this crisis.

Something to watch
Between the ability to work remotely and cities on lockdown the question at hand is will we see an exodus out of major cities? Do the intangibles that make urban living so enticing also make it a zone to avoid coming out of the current crisis? Will there be enough confidence in the health response and protective measures that we will forget, or adapt to, the threat we are currently facing?

It seems the more we learn about our collective response to COVID-19, the more questions we ask. After all, we don’t necessarily know what we don’t know. We find ourselves living through one of the most interesting and formative crises of our generations, and together we will see what the world looks like on the other side.Stay safe out there! 

-Adam Hooper, CEO

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