1. I have no doubt superstar cities will be fine in the long run. But I think this fall and winter will be a critical time for the short to medium term prospects of places like New York, San Francisco, Chicago, Boston, and Toronto.
https://twitter.com/SteveCase/status/1391375411129503749
2. I think one reason people - particularly risk seeking entrepreneurs, venture capitalists & finance types - have been flocking to places like Miami and Austin, is the ability to go about their lives and business freeway. In a word personal liberty.
3. If all goes well this fall and winter up north, I think many. will return, and many more will stay put...
4. But, and this is a very big and very important but, if for some reason the virus flares up in the fall & winter - new variants, failure to vaccinate sufficiently, seasonality - and if there is another round of lockdowns or restrictions or school shutdowns ...
5. Then I think we might see a bigger and more medium or longer running shift to cities like Miami or Austin, which shown their ability to stay relatively open and two adapt or cope with the virus ...
6. Entrepreneurs, venture capitalist, finance types, real estate types, and others to thrive on risk, simply do not like to be told what they can and cannot do.
7. We are seeing a new dimension to the sorting process that has gone on over the past two or three decades. To all those other characteristics and dimensions, we can now add a sorting between risk oriented and risk-averse places.
8. I expect the conditions with the virus in fall and winter of 2021 and 2022 to be critical for this sort...
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