How the Pandemic Gold Rush Is Remaking the Housing Market | Vanity Fair
▻https://www.vanityfair.com/news/2020/09/how-the-pandemic-gold-rush-is-remaking-the-housing-market
... the housing boom has underscored how the pandemic has deepened existing divides in stability across the country. According to Tucker, the people buying homes now are disproportionately white and wealthier than the overall group of renters, especially those in their 30s (when most first-time homebuyers enter the market). Pandemic-related layoffs have also been more widespread among occupations that employ more renters than homebuyers. “Frankly, a lot of these very bullish data points and predictions on the purchase side of the housing market are kind of mirrored by a pretty dark picture in the rental-housing market, where a lot of renters have lost their jobs,” Tucker said. One of the biggest divides, according to Wachter, is between those who can work from home and those who can’t. “The technology that’s enabling [people to] work from home is a technology that’s possible for knowledge workers,” she said. “It’s not possible for workers who are service workers in in-person jobs. Those #jobs are gone for now.”