Condo Interest In New York Suburbs Erupts as Exodus Accelerates
6th December 2020
Flush with cash, city dwellers from New York City have been panic buying condos in the suburbs as homes in these outline areas become too pricey, according to Bloomberg.
Following the virus pandemic, social unrest, and surge in violent crime, an exodus of New Yorkers have fled to the surrounding rural communities over the last eight or so months. Dwindling supply of suburban homes created the next chapter in the flight out of the city; that is, buying interest for apartments in suburbia has erupted this fall.
Time to leave.