Zoom Towns Are Booming: But At What Cost?

Zoom Towns Are Booming: But At What Cost?

Popular “Zoom Towns” are forcing local residents into homeless shelters.

Rural towns across the US have been a hotspot for remote workers since the COVID-19 pandemic began. While the sudden influx of new residents has been beneficial to local economies to some extent, the true impact of this boom is beginning to reveal itself.

According to a Business Insider report, the recent migration of new affluent neighbors has caused rent and property prices to skyrocket. In some cases, local residents have been pushed out of their communities and forced to live in homeless shelters or set up “tent cities”. 

Similarly, the median price of a home sold hit a record high in March – an increase of 15% from the same time last year.

Not yet subscribed to the PL;DR? Sign up for your weekly dose of hot takes on tech, partnerships, and global news.

The PL;DR is brought to you in partnership with AllboundCrossbeamImpactPandiumPartnered, and Reveal.

Join The 1700+ Leaders Transforming Partnerships

As a member of Partnership Leaders you will:
  • Build and learn with the top partner people at the best companies around the world.
  • Increase your impact and accelerate your career with proven resources, tools, and best practices.
  • Grow a network of peers, partners, and advisors with common objectives.

Apply for a membership here!

Login error!