Retirement, Real Estate & COVID-19: Will Downsizing-To-The-City Reverse Course?
by Adam Felts
AgeLab Director Joseph Coughlin writes in Forbes on how COVID-19 may change urban moving preferences among older adults:
It’s still too early to look for meaning in real-estate numbers, but it’s not too soon to start thinking about shifts in imagery. Consider the associations now developing around the very ideas of urban space and distance. While COVID-19 is affecting everyone, older adults, especially those with underlying conditions, appear to be particularly vulnerable to its worst effects. Meanwhile, cities, as a result of their high population inflows, outflows, and density, are being hit hardest. (For now, anyway—rural regions remain at real risk.) Moreover, space to provide safe physical “distance” is at a premium in cities.
Read Dr. Coughlin's thoughts in full here.