The COVID-19 ‘pandemic’ has hastened a social change that was already happening. People were getting frustrated with the incredible urban density of our major cities, and the ever-increasing crime rates there, along with the problems of trying to bring up children in apartments with no outdoor space. It doesn’t matter how much money you have; bringing up children in your apartment in Central Park West still means that your kids have a long way to go to see things like actual grass and trees. From The Wall Street Journal:
The ‘Great Reshuffling’ Is Shifting Wealth to the Exurbs
The flow of white-collar workers to fringe outlying communities could reshape everything from transportation to real estate
By Laura Forman | Updated: June 25, 2021 | 2:51 PM ET
White collar workers are trading their expensive lives in the nation’s most densely populated areas for cheaper, greener pastures. Online real estate company Zillow Group calls it the “Great Reshuffling.”
These moves will reshape transportation, real estate and an emerging fixture of American life: the exurb.
Fringe outlying communities of major metropolitan regions were prized for their extreme privacy or more affordable housing before the pandemic, but were typically much less wealthy than the denser cities and affluent suburbs they surrounded.
I look at places like Hockessin, Delaware, where it was only a short commute, fewer than ten miles, from downtown Wilmington. While there was some gentrification going on in the city, out in Hockessin, when I lived there, 2000 to 2002, builders were building like mad in developments like Hockessin Green and Hockessin Chase, in part because New Castle County development ordinances restricted the number of homes which could be built on a 100-acre lot. This led to pricier homes built on larger lots, which meant larger lawns on which kids could play. These were things that the execs at MBNA and DuPont wanted.
With the restrictions brought on by COVID-19, telecommuting was put into practice where it could be, and as some urban professionals found that they could do their work from home, it became reasonable to continue that, at least for some days during the week, even as the restrictions were ending. Of course, with the recent surge, there’s more reason for corporations to allow more frequent telecommuting. Add to that reduced office costs, and there can be real reasons why companies which can have workers work from home to allow it to continue, at least for some days during the week.[1]My younger daughter, an IT professional, worked from home for a few months during the shutdowns, and while she continued to be paid and worked, even she would admit that she was less productive while … Continue reading- The Great Reshuffling will likely make these far-flung exurbs richer and denser. The median household income across U.S. exurbs was $74,573 as of 2019, according to data from The American Communities Project. That likely ticked up over the last year as city dwellers in major job centers such as San Francisco and New York relocated to exurbs for the same or similar salaries. In 2019 the median household income in the San Francisco Bay Area was nearly $115,000 and in the New York metro area it was more than $83,000.
What can you get in New York City on an $83,000 income? Where I live now, you could get a house and acreage and grass and trees; in Manhattan, you’d get a shoebox apartment in a six-story walkup on 96th Street!
- A shift to the exurbs started years before the pandemic hit, according to data from the Brookings Institute, and the population of these more-remote places continued to swell with more white-collar workers even as the pandemic weakened. Why? These regions allow employees to be within commuting distance of cities as many firms ask workers to be back in the office for at least part of the work week. U.S. Postal Service data showed that between March and November of last year, 72% of those who filed for address changes in the Bay Area only moved as far as another Bay Area county.
- The money stockpiled from leaving pricier areas, coupled with stimulus checks and enforced saving over the last year, are padding the bank accounts of these new movers. Rising credit scores are, in turn, enabling other major purchases such as cars. The new arrivals in the exurbs are finding they need their first or second automobile now that they are located in a more remote part of a metropolitan area. A January survey conducted by Engine Insights on behalf of Xperi DTS found 55% of millennials surveyed said car ownership was more important than ever.
But, but, but, the global warming climate change emergency activists want us to get away from personally owned vehicles, and commute by electric buses and trains. If the Journal story is correct, people are doing the opposite of that, moving into situations where cars are more important to them. Even if you commute by bus or train, odds are that you will need a car to get from your home to the commuter bus stop or train station. And now the ‘millennials,’ the group on which the global warming climate change emergency activists most heavily depend for political support are increasingly seeing personal vehicle ownership as important.
With a two car garage, I suppose the new owners of 2305 Beasley Avenue can install electric vehicle charging stations, and that’s what the urban professionals moving to the ‘exurbs’ are going to need.
But let’s face facts: what the global warming climate change emergency activists want is pretty much diametrically opposed to the American lifestyle and culture.
References
↑1 | My younger daughter, an IT professional, worked from home for a few months during the shutdowns, and while she continued to be paid and worked, even she would admit that she was less productive while working from home. Too many distractions like puppies and cats and sunshine — her computer was set up on the screened in, northwest facing porch — led to perhaps not as much concentration. |
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↑2 | I tend to look up my past residences on real estate sites. Yes, I still recognize the place, even though I haven’t seen it since I was eight years old. The chain link fence is a new addition, and the windows on the left of the house go to what used to be my bedroom. The old, roll out windows in metal frames have been replaced since I lived there. |