CLEAN : Amid pandemic, crime, rich New Yorkers cocoon in plush Hamptons

The transcript discusses the impact of the pandemic on housing and lifestyle choices. Many people, especially those with summer homes, have moved permanently to safer, more spacious areas. The speaker describes their own move from New York City to Connecticut due to safety concerns and the pandemic. The real estate market has shifted, with increased demand and prices for homes in suburban areas. The rental market also saw a surge, with people willing to pay high prices for summer rentals. Overall, the transcript highlights the significant lifestyle and market changes brought about by COVID-19.

What was a significant reason for people choosing to stay in their summer residences during the pandemic?

• To enjoy the summer weather

• To be closer to family

• To have a safe and beautiful place to stay

• To avoid paying rent in the city

Why did the family decide to move from New York City to Connecticut?

• They wanted to be closer to relatives

• They wanted a bigger house

• They were concerned about the crime rate and pandemic

• They found a better job opportunity

What change in behavior was observed among New Yorkers regarding their homes?

• They renovated their homes extensively

• They sold their homes to move abroad

• They began using their homes full-time

• They started renting out their homes

What was a notable trend in business activity during the pandemic?

• A sharp decline in weekday business

• A steady business environment without peaks and valleys

• A significant increase in weekend business

• A complete halt in business activities

What was a consequence of the increased demand for homes during the pandemic?

• A decline in rental properties

• A decrease in home prices

• A balanced real estate market

• An increase in home prices

How did the rental market react when COVID-19 hit in mid-March?

• It became more affordable

• It experienced a surge

• It declined significantly

• It remained stable

What was the impact of limited supply on the housing market?

• It had no impact on the market

• It led to a buyer's market

• It resulted in a seller's market

• It caused prices to decrease