‘Shark Tank’ investor Herjavec: We’re about to see biggest exodus from cities in 50 years
“Shark Tank” investor Robert Herjavec said Thursday he believes the coronavirus pandemic has shifted attitudes about city living, altering the dynamics of the real estate market for years ahead.

“This is one of the greatest moves to the suburbs from urban areas since the 1950s or the ’60s,” Herjavec said on CNBC’s “Squawk Alley.” “I recently moved out of Los Angeles into a suburban area, and I can tell you on a very personal level, my area is on fire.”

Key Points

  •     “Shark Tank” investor Robert Herjavec said Thursday he believes the coronavirus pandemic has shifted attitudes about city living, altering the dynamics of the real estate market for years ahead.

  •     “This is one of the greatest moves to the suburbs from urban areas since the 1950s or the ’60s,” Herjavec said on CNBC’s “Squawk Alley.”

  •     “I recently moved out of Los Angeles into a suburban area, and I can tell you on a very personal level, my area is on fire,” he added.
   ...more

RSK: When the pandemic subsides and/or a treatment or vaccine is working, the allure of the city will bring people back to be urbanites.



- - Volume: 8 - WEEK: 29 Date: 7/14/2020 8:59:22 AM -