Why Millions Of Americans Might Be About To Ditch City Living
While the Trump administration has provided relief to many homeowners, those who experienced a layoff or furlough have nonetheless had a tough time keeping up with payments, as seen by a new spike in mortgage delinquencies. There s only so much money taxpayers can provide before individuals decide to chart another course of action for their lives.
Meanwhile, the rise of remote work allows high-skilled service employees to work from nearly any location. A recent study from the National Bureau of Economic Research found that more than a third of employees who were working pre-COVID-19 are now working from home. Some companies, such as Twitter and Square, have already made commitments to transition their employees permanently into working from home.
Beats commuting.