Urban Flight?

Here’s a 20-min interview we did with Patrick. After spending nearly 30 years in the #USA, he moved to #Indonesia to run a farm.

Our thoughts -

  1. Our thesis is that the pandemic has not created anything new but accelerated pre-existing trends.
  2. For those with the means, leaving densely populated urban areas will be an attractive option. Space. Safety. Access to fresh food. Exercise. Natural surroundings. According to the New York Times, there was a mass exodus of 420,000 #NewYorkers between March 1st and May 1st. Roughly 5% of residents — or about 420,000 people — left the city between March 1st and May 1st. In the city’s very wealthiest blocks, in neighborhoods like the Upper East Side, the West Village, SoHo, and Brooklyn Heights, the residential population decreased by 40% +. Can you imagine 40 percent of your neighborhood leaving in just two months?
  1. In H1 2020, US gun sales increased 95% (ten million guns), ammunition sales were up by 139%. The Most significant spike since the FBI began recording the statistics 22 years ago.

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