Absolutely. And the demand is mostly from people migrating north because it’s only an hour and a half/2 from the city. With the flexible WFH options they are spending less or no time in the city and more time north. Same thing happened after 9/11, this is similar. I don’t know about inflation overall per se, but city crowd is absolutely driving the price of real estate up.With regard to real estate, there is no doubt about. Demand has been up. Another part of inflation is labor supply. The shortage is also driving up prices.
Yep…city folk buying stuff up left and right. And they’re driving the prices up….
My small town, town of Rochester, median home sale price is now $567,000, before the pandemic it was $305,000. Kerhonkson is now “Kerhamptons”