Why shifting out of metro cities might change your life for good?
Last day I was looking at some not-so-old photos and began reminiscing about what life meant back then. 2019 and before feels like a completely different period now. I moved out of the city earlier last year due to the coronavirus and have been staying at my parental home since. This is the first time in years that I have been here for more than a few weeks. Now that I envisage it, the beauty of these small towns is exceptional compared to the big busy cities.
The global movement
Global economies have come down to their knees as the COVID19 pandemic completed a year, proving wrong, the assumption that the virus wouldn’t last long. With small businesses shut down and corporate adapting to work from home, people have started migrating to relatively cheaper rural towns. Since last year, the metropolitan cities have seen a steep decline in their residential population. While cities cling to the hope that when all this is over, their beloved residents will return, this might not stand true.
An Economic times survey put forward the following data:
26–35 year age group: 25% of the respondents considering a tier-2 city
36–45 year age group: 28% of the respondents want to shift out of metros.
Housing cost and pollution being the top 2 reasons.
Read the full report at ET survey.
With indoors becoming the new normal, corporate employees and small business owners are starting to look for bigger living spaces. Business owners are resorting to owning working spaces outside of cities to save rents. Companies are encouraging their employees to work from home as they’re saving a lot of money by opting out of lease agreements. Employees are starting to buy larger living spaces as all their work is being done from home now. Outskirts and rural towns provide a significantly better return on investment.
Here is a breakdown of the total monthly expense for big cities and towns.
Housing is the deciding factor in most cities as these expenses can even stretch by more than thrice the base value. The housing cost in Mumbai is 190.90% (rough estimate) of that of Pune. The housing cost in New York City is 231% (rough estimate) that of Hightstown, New Jersey; Hightstown being safer than 90% of the U.S. cities.
Small business owners face less competition in towns and can scale their businesses at a lower cost. Bigger spaces come with the benefits of upgrading business models and allowing things to work much more efficiently. Similarly, employees working from home have the opportunity of owning bigger spaces in towns to provide better open-space facilities for their families at less expense. In addition to that, the work-life balance is well maintained.
When the pandemic ends, the ways of the world will not be the same as pre-2020. The change has already begun as people are starting to realize the importance of freedom and safety. The ways of work are changing with a focus on flexibility and balance. People are understanding the importance of space and resources and are choosing a more sustainable lifestyle.
I am writing this, unwilling to return to the concrete jungle.