Migration Out of Large Gateway Cities 'Likely Temporary': KKR

The video discusses migration trends from large gateway cities to medium density cities, highlighting the temporary nature of this shift due to the ongoing health and economic crisis. It emphasizes the importance of city density for economic growth and productivity. The discussion also covers the impact of rent on income, with high-density cities being less affordable. The shift towards remote work post-COVID is explored, noting increased comfort with remote meetings. Finally, the video examines changes in travel trends, with a focus on domestic travel due to economic factors and increased video conferencing.

What is the primary reason for the temporary migration from large gateway cities?

• Permanent job opportunities

• Ongoing health and economic crisis

• Better weather conditions

• Improved public transportation

Which cities are mentioned as thriving despite the migration from larger cities?

• Phoenix, Dallas, and Atlanta

• New York and San Francisco

• Chicago and Los Angeles

• Miami and Houston

What percentage of income do middle-income consumers typically spend on rent in high-density cities?

• 10-20%

• 20-30%

• 30-50%

• 50-70%

What has COVID-19 taught us about work arrangements?

• All meetings must be in person

• Remote work is not feasible

• We can work in a more disaggregated way

• Productivity is only possible in office settings

Which sector is expected to benefit from the increase in remote work?

• Office real estate

• Domestic travel

• International travel

• Public transportation