Pandemic Could Curb Millennial Appetite For The City

The video discusses the impact of the COVID-19 pandemic on urban living, particularly for millennials. It highlights how isolation has changed perceptions of city life, with some considering moving to suburbs or rural areas. Despite this, experts suggest that a mass urban exodus is unlikely. The video also explores the challenges millennials face in homeownership due to financial constraints, even as remote work offers more flexibility in living choices. The economic crisis adds another layer of difficulty for this generation.

What has the COVID-19 pandemic highlighted about living in big cities according to Hannah Landolt?

• The importance of city amenities for quality of life

• The abundance of job opportunities

• The affordability of city living

• The lack of entertainment options

What does Skylar Olsen suggest about the potential real estate trends during the pandemic?

• A price boom in amenity-rich outlying communities

• A significant urban exodus is expected

• A decrease in suburban property values

• An increase in urban apartment sizes

Which areas are expected to see increased demand according to the video?

• Industrial zones

• Remote rural areas

• Amenity-rich outlying communities

• Large metropolitan cities

What are some financial hurdles millennials face in achieving homeownership?

• High interest rates

• Student debt and wage stagnation

• Lack of job opportunities

• High property taxes

Despite financial challenges, what might increase millennials' attraction to urban areas?

• Increased job opportunities

• Availability of larger homes

• Lower cost of living

• The appeal of urban amenities