Sep 19, 2020

James Altucher on the exodus from mega-cities and decentralization of opportunity

It's not like every city with 400,000 people are leaving.  Some cities, real estate is insane.  Real estate is going through the roof in some second and third tier cities.  People are buying houses sight unseen for 50% higher than listing price...  It's a scary trend, but the optimistic thing is that, for the first time ever, opportunity is now dispersed throughout the country.  It's decentralized.  It's no longer just in New York City, LA, San Francisco.  You could be a young person and find success anywhere now.  We all got comfortable communicating remotely and a lot of talented and skilled people are leaving the major cities, but particularly New York City, unfortunately.

~ James Altucher, "The Death Knell of the Urban Era," RealVision, 7:55 mark, September 17, 2020



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