The upshot might be a brief boom that gets choked off by unsustainable prices.
A contemporary take on 19th-century boom towns, which sprang up quickly around newly discovered economic opportunities like gold or oil, Zoom towns. Normally, high prices and low inventory would lead to a construction boom, but many of these communities tightly regulate new building. As newly remote workers acclimate to work-from-home culture, the desire to moveoften out of urban centers and into suburbs, smaller cities, or rural townshas given rise to Zoom towns. In this week’s Sunday Spotlight, NBC’s Catie Beck meets families finding more balance and joy in everyday life. And some of them have been getting attention way out of proportion to their importance to the economy for an obvious reason: They’re the places where corporate executives, Wall Street barons, Hollywood stars and more than a few journalists have fled to escape the perceived dangers of crowded cities filled with people who might be carrying the coronavirus.Īs well-paid knowledge workers who can do their jobs anywhere now flock to these “Zoom towns,” home prices are surging and housing inventory is dwindling. Research into Zoom-town migration further illustrates who is relocating, why theyre leaving, and the impact of remote workers on the communities in which they. These desirable locations are now being dubbed Zoom towns. A Zoom town is a community that experiences a significant population increase as due to an influx of remote workers. Housing in a certain type of town couldn’t be hotter.
0 kommentar(er)
