“What do you think is the future of remote work on St. Croix?”
Chris: We agree with NAR Chief Economist Lawrence Yun’s recent comments: “The coronavirus pandemic greatly accelerated the number of workers who are able to work from home . . . Possibly a quarter of the labor force may be permitted to work from anywhere outside of the office even after a vaccine is discovered—compared to only 5% prior to the pandemic—and this will greatly change the landscape of where people buy homes”.
With interest rates at historic lows, the real estate industry is closely watching remote work trends as they’ll be a big influence on people’s future home buying decisions.
Many of our off-island buyers are taking to heart a quote from this Entrepreneur article: “Remote work is here to stay”.
“Work From Home is more accurately titled Work From Anywhere — a cafe, a beach, a different country.” St. Croix has the cafe and beach part covered, AND we’re a U.S. Territory!
Think about moving your work life to our island, and having St. Croix be your “Anywhere”. You’ll have one of the best foregrounds to get your work done, and one of the best backgrounds for your Zoom calls!