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But on the other hand you have to wonder about the greater social implications down the line. The invention of the car was great at first. It allowed people t

But on the other hand you have to wonder about the greater social implications down the line. The invention of the car was great at first. It allowed people to get where they wanted to go faster. But as it was adopted more and more heavily, we ended up with traffic and sprawl that mean people have to spend more of their time commuting than before. I wonder if something analogous would happen with remote work. If more companies go the remote route, wouldn't we expect them to favor employees in cheap locations that will accept less pay for the same work? And if that's the case, wouldn't more and more families be forced out of more expensive locations, even those who could afford to live there before? In other words, remote work has the possibility to exacerbate the very problems that it seeks to fix.

ZeroFries 7y ago
If there was less demand for expensive areas, the market would adjust and they would become less expensive. The overall effect would be an averaging effect on real estate prices as cheaper areas became more expensive and expensive areas cheaper.
- elindbe2 7y ago
  But it seems quite possible that incomes could fall faster than demand given there are other factors influencing demand like foreign buyers. And the money saved by employers would make many already rich people significantly richer. Perhaps the nice areas of the country would just become a playground for the rich (more so than they already are) while everyone else is in dystopian exurbs and suburbs.