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People like to live near amenities, transportation hubs, and so forth. And many types of jobs fundamentally cannot be remote. And even if hypothetically everywh
by nwah1 8y ago
People like to live near amenities, transportation hubs, and so forth. And many types of jobs fundamentally cannot be remote. And even if hypothetically everywhere became equally viable to live, then rents would adjust to take that into account. Of course, those with special skills will always do better. And geo-arbitrage opportunities exist during interim periods for early adopters of new folkways and new technologies.
- vorg 8y agoDon't forget both the carrot and stick are at work here. Not only do new paradigms get factored into the price of land (as demand-side forces), but also laws backed by land owners arise that resist those paradigms from becoming mainstream (as supply-side forces). So car ownership and urban roads are heavily regulated, dual incomes are taxed at a higher rate, social security will never become a universal basic income, and security/privacy and OHS legal requirements will affect the viability of remote work.