Locals are petitioning to close the bridges into Cape Cod to keep out the influx of second-homeowners fleeing the coronavirus
Locals in the Cape Cod area are signing a petition for bridges to be closed in an attempt to prevent any more big city residents from migrating to the area amid the coronavirus pandemic. At the time of publication, the petition had over 12,500 out of 15,000 requested signatures. Cape Cod is the latest small town area to be hit with those fleeing from coronavirus "hotspots" like New York City. Visit Business Insider's homepage for more stories.
In the Cape Cod area, full-time residents are signing a petition for the bridges to be closed to prevent any more visitors (and specifically New York City-based second homeowners) from coming to the area amid the coronavirus pandemic. This is the latest example of the tension brewing between big city residents and the suburban towns they are escaping to. "Stop the spread of Covid-19," the petition, started by South Yarmouth resident Beth Hickman, reads. "Close the bridges. Only year round residents, medical personnel. Trucks that deliver essential supplies. While we love our tourists and summer residents, this is not the time to come to the Cape, our hospital can't handle it. We only have 2 small hospitals here on Cape, and limited medical staff." At the time of publication, the petition had over 12,500 out of 15,000 signatures. Cape Cod's local Norwich Bulletin spoke to residents about the circulating petition. One part-time Cape Cod resident, who lives primarily in Manhattan and has had a second home in Cape Cod's Eastham since 1984, said he and his family experienced hostility since coming to the area, even though they self-quarantined after their initial arrival on March 12. At first, the anonymous man said, he and his family tried to help out their fellow neighbors by leaving notes, offering assistance or supplies. But in response, he said he received a note reading: "Go back to New York and take coronavirus with you." The man and his family have since relocated to the Berkshires, "where it's more pleasant." "We're done with the Cape," he told the Norwich Bulletin. "We're not going back." Massachusetts Rep. Timothy Whelan told the Bulletin that people don't understand what would happen if Cape's bridges were to shut down. "To close the bridges would take a declaration of martial law," Whelan said, noting that it would require the presence of armed military personnel policing the bridges. "My goal has been to make it through my life without ever having to live under martial law." On Thursday, Barnstable County officials commented on the petition, with County Administrator Jack Yunits noting that only Massachusetts Gov. Charlie Baker has the authority to order the bridges closed, which Yunits doesn't currently see as a real possibility: "The huge reason that [Baker] would have to have to justify the closures is not within the purview right now." Small towns fight back against those fleeing big cities The well-heeled second-homeowners who are leaving their primary residences in urban areas and disregarding self-isolation measures are being called "super-spreaders," as they often come from coronavirus hotspots like New York and bring the virus to the smaller suburban areas they go to. Once arriving in these small areas, the newly-arrived part-time residents disrupt local life. As a result, there have been reports of food shortages in vacation towns across the nation, and rental home prices in places like the Hamptons have skyrocketed. On March 27, The Cape Cod Chamber of Commerce, Cape Cod Healthcare and a County Administrator published a joint letter asking second homeowners who are migrating to the area to self-quarantine for 14 days and to bring all of their "needed supplies" (such as prescriptions, groceries, and self-care items) with them so that they don't deplete local resources. Other vacation spots favored by the wealthy have seen similar issues. The island of Nantucket, which saw a cluster of wealthy people come to their summer homes amid the pandemic, told its part-time residents to "stay away" because the island has just one hospital and 14 beds, Business Insider's Katie Warren reported in March.SEE ALSO: Billionaire David Geffen deleted his Instagram after being slammed for a post about how he's self-isolating on his $590 million superyacht DON'T MISS: Billionaires are chartering superyachts for months at a time to ride out the coronavirus pandemic Join the conversation about this story » NOW WATCH: We tested a machine that brews beer at the push of a button
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The one good thing in 2020 was suddenly cheap rent in Manhattan and San Francisco — but the bill could be up for cities soon
Summary List Placement Two big cities are clear losers from the coronavirus pandemic: New York and...Summary List Placement Two big cities are clear losers from the coronavirus pandemic: New York and San Francisco. But that doesn't mean that people who live there are losing out — quite the opposite, actually. Shuttered schools and offices, coupled with fewer options for cultural activities, have forced many city dwellers to consider whether or not they are willing to pay notably astronomical Manhattan and Bay Area rent. And it increasingly looks like they're not willing. Mounting apartment vacancies in Manhattan have forced landlords to bring rents down to the lowest they've been since 2013, according to a new Miller Samuel analysis. Studio apartment rents in Manhattan were down to a median $2,495 in September, a plunge of 15.4% year-over-year. Almost 16,000 apartments sat vacant in Manhattan last month — the most since 2006, when those records started being kept. In San Francisco, rents are falling even faster. A new Realtor.com study found that the median monthly rent for a studio in San Francisco plummeted 31% year-over-year to $2,285 in September, the harshest rent decrease across the country. The falling rents, coupled with enormous concessions like free months or Citi Bike memberships, could attract creatives back to those cities, ultimately sparking a new golden age. New York City, for example, has a history of creating great culture amid moments of crisis. The big question is whether creatives flood in to take advantage of cheap rents — just as New York and San Francisco go broke and quality of life craters. The sudden acceleration of the urban exodus trend portends a fiscal crisis "New York's housing market teeters on the edge of an abyss," Jay Martin, the executive director of the Community Housing Improvement Program told NBC New York for a July article. "We cannot continue this delusion that people will throw themselves into bankruptcy just for the privilege to live in the Big Apple," he continued. "It's clear renters are fed up, and owners are unable to continue to shoulder the tax burden for the city." Real estate drums up 53% of the city's tax revenue. New York governments and authorities expect to see $59 billion in revenue shortfalls through 2022. Overall tax revenues between March and August were 6.8% lower than the same period in 2019. Meanwhile, in San Francisco, population loss is evident from plummeting sales tax figures. From April to June, the city's sales tax revenue dropped to $30.8 million, down 43% from 2019, the city's chief economist, Ted Egan, told the San Francisco Chronicle in early October. "The sales tax data is just a warning sign for small businesses that don't have the resources to take a long-term shutdown or recession." The data contributes to the city facing its worst fiscal crisis in decades. The drop in tax revenue, Egan said, "opens up a huge question:" Will people return? Main players in New York City have also been asking the same question. The CEOs of more than 160 companies are demanding New York City Mayor Bill de Blasio work to ensure that people do return sooner rather than later. The letter, signed by execs at companies like Goldman Sachs and Macy's, said there was "widespread anxiety over public safety, cleanliness and other quality of life issues that are contributing to deteriorating conditions in commercial districts and neighborhoods across the five boroughs." "We're grateful for the business community and are partnering to rebuild a fairer, better city," the mayor responded on Twitter. "To restore these services and save jobs, and the most direct way to do that is with long-term borrowing and a federal stimulus." There's a lot of inventory in New York and San Francisco, and not much anywhere else Meanwhile, as the price to rent in these notoriously expensive cities sinks, housing inventory surges. A Zillow report found that nearly twice as many homes were for sale in San Francisco in August compared to last year. Even San Francisco moving companies are reporting being more slammed than normal. It's a stark contrast to the historically limited inventories virtually everywhere else. Zillow economists found there are 20% fewer houses for sale now than there were at this time last year. On top of that, a National Association of Realtors report found that existing home sales reached a 14-year high in August while Bloomberg found that the country could run out of new-house inventory in just a couple months. Suburban housing prices, due to an increase in demand, are ratcheting up. Homes are selling at a faster rate and at a higher price point than ever before — Redfin reported that one-third of homes on the market in September sold above listing price, the highest level ever recorded. The tristate suburbs, Business Insider previously reported, have become a land of bidding wars. Jonathan Miller, the CEO of Miller Samuel, previously told Business Insider that some city residents left back in March and April, and currently have no "incentive to return." The same applies to San Francisco. Large tech companies that completely dominate the Bay Area have committed to remote work for the long haul. Consider Google. The company has extended its work-from-home policy until summer 2021 and provided its employees with the opportunity to make their remote working situation even more permanent. The pandemic has compressed a "natural" five-year trend into "about three months" A recent MyMove study utilizing United States Postal Service records found that 110,978 people moved away from Manhattan between February and July this year — a near 500% increase compared to the same time period in 2019. Almost 30,000 left San Francisco between February and July. The exodus, Miller said, mirrors a trend that we typically see play out on a much smaller scale even in pre-pandemic times. "The stereotypical scenario is that a young professional couple starts having kids and then they move out to the suburbs," Miller separately told The Wall Street Journal. "You took what would be a natural trend and compressed fived years into about three months of outbound migration." Data seems to confirm Miller's hunch. While Manhattan was the most popular point of departure in 2020, it was also the second-most popular in 2019, when it lost nearly 20,000 residents. Frank Donnelly, a Geospatial Data Librarian at Baruch College, told MyMove that "migration from New York City has been a long-term trend." Plummeting rents just magnify the urban exodus that's been happening all along. USPS data found that certain cities top the list for outbound migration year after year. San Francisco, which is the fourth most popular city to move out of in 2020, was the seventh most popular city to leave in 2019. Chicago ranked third both in 2020 and in 2019. The places that people are moving, the study found, are decidedly more suburban. The top three are all towns in Texas. Frisco, for example, saw thousands of new residents amid the pandemic, according to USPS. But the influx of residents isn't particularly novel there — the Dallas suburb has been steadily growing for years. Almost half of the area's homeowners have lived there for less than 10 years.SEE ALSO: How 2020 broke the housing market: So many homes are selling that we could run out of new houses in months Join the conversation about this story » NOW WATCH: Here's what it's like to travel during the coronavirus outbreak
In Molalla and other western towns, fear, uncertainty and disinformation gripped residents as hundreds of thousands...In Molalla and other western towns, fear, uncertainty and disinformation gripped residents as hundreds of thousands in the state evacuateUS wildfires in the west – follow live updatesHundreds of thousands of people in Oregon were ordered to leave their homes on Thursday as wildfires encroached on their properties. The evacuations clogged highways, emptied entire towns and sparked confusion in a state that has not grappled with wildfires of this size before.Large-scale evacuations in the state began within the metropolitan area of Portland, Oregon’s largest city. Clackamas county, home to some 420,000 people in the metro’s south, was already under varying levels of fire alert when officials on Thursday afternoon told residents of the city of Molalla to leave. Continue reading...
The pandemic is spurring home sales as prosperous city residents seek more space. One listing had...The pandemic is spurring home sales as prosperous city residents seek more space. One listing had 97 showings and received 24 offers.