People Will Not Move Back to the Cities: Roschelle

Mitchell Rochelle discusses the current real estate market, focusing on affordability issues, suburban migration due to school openings, and the impact of the pandemic. He highlights the challenges in Florida's market, with high demand and price increases, and compares it to more affordable areas like Peoria. The conversation also touches on business migration trends and the appeal of urban areas, despite the shift to remote work. Finally, the discussion critiques political awareness of real estate costs, emphasizing the disconnect between officials and market realities.

What is causing parents in urban areas to move to the suburbs?

• Improved public transportation

• Uncertainty about school openings

• Lower cost of living

• Better job opportunities

What trend among young professionals was accelerated by the pandemic?

• Moving to rural areas

• Staying in urban centers

• Moving to suburbs

• Living in shared housing

What is a significant factor driving people to Florida's real estate market?

• Proximity to major cities

• Favorable weather conditions

• High employment rates

• Low property taxes

What challenge do sellers face in the current housing market?

• Dealing with high interest rates

• Finding a new home to buy

• Setting competitive prices

• Finding buyers

What is a potential future trend for businesses in relation to workforce location?

• Businesses will remain in urban areas

• Jobs will follow people to new locations

• Remote work will decrease

• Businesses will move to rural areas

What is a compelling factor for new graduates to live in urban areas?

• Lower cost of living

• Proximity to family

• Availability of jobs

• Better public services

What misconception do some elected officials have about housing costs?

• They overestimate the availability of homes

• They underestimate the cost of living

• They think mortgage rates are decreasing

• They believe housing prices are stable