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.

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About the Author

Photo of Adam Felts
Adam Felts

Adam Felts is a researcher and writer at the MIT AgeLab. He conducts research on the experiences of family caregivers and the future of financial advice. He received his Master's in Fine Arts in Creative Writing from Boston University in 2014 and his Master's of Theological Studies from Boston University in 2019.

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