London Growing

Interesting article I found on Nat Geo about London:

https://www.nationalgeographic.com/environment/urban-expeditions/london-population-city-planning/

I wonder if that trend will continue.  There is apparently a pretty solid exodus from NYC and San Francisco.  Rent prices are even dropping.  A lot of people just don't want to be in high density areas anymore.

aircooled said:

I wonder if that trend will continue.  There is apparently a pretty solid exodus from NYC and San Francisco.  Rent prices are even dropping.  A lot of people just don't want to be in high density areas anymore.

Article from August 2019. So long ago....

aircooled said:

I wonder if that trend will continue.  There is apparently a pretty solid exodus from NYC and San Francisco.  Rent prices are even dropping.  A lot of people just don't want to be in high violence areas anymore.

Chicago modified that for you.

 Not just Chicago, I hear NYC has quite the crime / violence wave going.  But yes, I am sure the combination of homeless, crime, looting, and of course disease spread potential in big cities are all contributing (especially if you own, or recently owned a small business).  I would guess there would at least be some of the same effect in Europe.

On the other side, the bloom of work from home, and the likelihood of that continuing to some extent in the future motivates it also.  Would you rather spend your time in a 600 square foot apartment for $4000 a month or in a 3000 square foot house that is way closer to the local road course and has a 3rd space in the garage for a track car?

In reply to aircooled :

Yep, as screwed as our politics are here in OK, I personally know 5-6 people who left higher cost areas for Oklahoma. 

A previous job, and this was a decade ago, our engineering manager had left southern California for Oklahoma. He built a 5000 sq ft house on 20 acres and a barn for his wife's horse addiction with hundreds of thousands left over. 

Appleseed said:

aircooled said:

I wonder if that trend will continue.  There is apparently a pretty solid exodus from NYC and San Francisco.  Rent prices are even dropping.  A lot of people just don't want to be in high violence areas anymore.

Chicago modified that for you.

The SF bay area trend is all about covid-19 and housing costs.  If you're working from home anyway, why pay the ridiculous rents required to live within a short commuting distance?  And for the SF itself (vs the bay area), a lot of the people who pay a lot to live there do it for the night life/restaurants/etc that you get in an urban environment, which are all closed due to the virus.