COVID-19 Proves the Tipping Point for Many Residents to Abandon Densely Populated Cities
Will This Trend Continue and How Will Cities Adapt and Regenerate in the Aftermath? Many of the world’s largest cities suffer from the same complaint — their housing market is out of reach for most of their residents. While Hong Kong vies for the honor of the world’s most expensive city, many cities in North America have similar issues with a lack of affordable housing. San Francisco, Los Angeles, New York, plus Vancouver and Toronto in Canada, all have hyper-inflated house prices, and rents that leave residents that either choose or need to live there, often spending more than half of their income on housing while many low- to middle-income families have about as much chance of flying to the moon as they have of ever getting a foot on the housing ladder.