As State Shrinks, Cape Cod Has Its Own Odd Crisis
The Cape’s outmigration is feet first, casting a pall on the economy
From the article:
The Cape gaining more people than any other county in the Commonwealth does not look like it will help the economy here much, however. What it reflects, said Mark Melnik, director of economic and public policy research at the UMass Donahue Institute, is “a lot of people taking respite on the Cape during the pandemic.”
In 2021, 43 percent of the homes on Cape Cod were secondary residences, while that number is closer to 60 percent for the four Outer Cape towns, according to Kerry Spitzer, a research manager at UMass Donahue. Spitzer helped coordinate the 2021 second-home owner survey for the Cape Cod Commission, which unsurprisingly found that usage days of second homes increased during the pandemic and that “the Cape continues to be a destination for folks who are looking to retire,” she said.
Read article: As State Shrinks, Cape Cod Has Its Own Odd Crisis
May 18, 2023