3 ms·
This article is low on substance. They quote a generic "analyst" from Susquehanna Financial Group, but never say why that company is worth listening to. The de
by vharuck 6y ago
This article is low on substance. They quote a generic "analyst" from Susquehanna Financial Group, but never say why that company is worth listening to. The details were in "a note published Monday." Published where? Was it a company-wide memo, an email to clients, or a Post-It on the analyst's fridge?
Then the evidence for the claim: "As evidence, he pointed to data from real estate companies that showed less interest in California, New York and New Jersey as well as slowing searches for homes in larger cities."
No time frame. No numbers. No comparison to other markets Are many people shopping for new homes at the start of a recession?
But, on the topic of whether this is going to reinforce a "great migration" out of large cities, my wife phrased it best: after the pandemic scare is done, people will want to go back to "normal life." It'll be just as easy to not consider a pandemic in choosing where to live, even on the other side of a pandemic.