5 ms·
There's a difference between what an individual company can do, ceteris paribus, and what would make sense overall. If people can work-from-anywhere and all su
by mikhailfranco 6y ago
There's a difference between what an individual company can do, ceteris paribus, and what would make sense overall.
If people can work-from-anywhere and all such companies reduce salaries in expensive real estate areas, people would leave, then property prices and rents would fall, thus evening out the COL landscape. Both companies and employees would benefit at the expense of rent-seeking landlords.
- quickthrower2 6y agoWhile true, don't forget other factors of why people live where they live. Education, quality of life, being near people like them, perceived safety / levels of crime. Location and convenience, family and friends. And finally the benefits of physical presence in work, at least for a few years yet before VR is good, and once COVID is sorted out. Remote work will affect rents in high COL areas, but probably won't decimate them.